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RESUME
Name: Terry MacRae.
Title: Founder, president and CEO.
Company: Hornblower Cruises & Events, in San Francisco; cruises in Bay Area, Lake Tahoe, Newport Beach, Marina del Rey and San Diego.
2001 revenue: $35 million.
Number of employees: 200 year-round, 400 seasonal and part-time.
Year founded: 1980.
Source of startup capital: Personal savings, and a partner with home equity.
Background: Earned bachelor of science degree in mechanical engineering from California Polytechnic State University, San Luis Obispo; later went to work for a small pollution-control business. That firm was later acquired. After a few years with the larger company, decided to start own business.
Age: 52.
Residence: Piedmont.
Web site: www.hornblower.com.
BIG PICTURE Reason for starting business: After 10 years in pollution control, (I saw that) the industry was in consolidation mode, and I wanted more independence. I had used charter yachts as a successful business tool, and thought it would be more fun to grow that business.
Hardest part of the decision: I left pollution control in the first part of 1980, and...