David Grutman, the founder of Groot Hospitality, is constantly hunting for opportunities to forge relationships—and collaborations—among people he meets. The approach has helped him expand from hot spots like the Miami club LIV to media, including producing an upcoming Netflix series starring Alix Earle, and a growing portfolio of venture bets. Kim Kardashian, whom he met on the Miami nightlife scene around two decades ago, wrote the foreword to his book, “Take It Personal.” He says he chats with more than 200 people a day and shared what he’s learned about building businesses along the way with us in The WSJ Money Interview.
Watch the full episode here: https://on.wsj.com/4fTIRFQ
Chapters:
0:00 Meet David Grutman
0:30 The common thread across Grutman’s properties
1:35 LIV nightclub
2:19 Going sober as a nightclub owner
3:14 Getting into the restaurant business
5:30 Building his own brands and the power of IP
6:26 Selling to Live Nation and building wealth
7:40 Investing in other companies and collaborating
8:23 Production company and Alix Earle show
The WSJ Money Interview
What can some of the world’s most interesting tycoons teach us about money and success? WSJ’s Gunjan Banerji sits down with highfliers for a candid conversation about how they made it. Have an idea for a future episode? Or a topic you’d love our next guest to weigh in on? Write to the host at [email protected]
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