Founders

#20 Danny Meyer (The Transforming Power of Hospitality in Business)

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Feb 6, 2018
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ANECDOTE

Career Change

  • Danny Meyer was a successful salesman before becoming a restaurateur, influenced by his entrepreneurial family.
  • His uncle's question, "Why don't you just do what you've been thinking about doing your whole life?", prompted his career change.
ANECDOTE

Family Influences

  • Meyer's grandfather, Irving Harris, achieved business success through strategic investments and evaluating human potential.
  • His father, Morty, was an inventive but financially unstable entrepreneur with repeated bankruptcies.
ANECDOTE

Lessons from Failure

  • Morty's businesses, including Open Road Tours and Caesar Associates, ultimately failed due to overexpansion and lack of competent support.
  • Meyer learned to prioritize controlled growth and strong teams to avoid repeating his father's mistakes.
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