Episode 19: Dave Grutman On Building Groot Hospitality, Learning From Failure, & Finding The Right Partners

Boardroom with Rich Kleiman

Boardroom Podcast Network

Sports, Business, Entrepreneurship

4.4 • 620 Ratings

🗓️ 9 December 2020

⏱️ 43 minutes

🔗️ Recording | iTunes | RSS

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Summary

Restaurateur and nightlife mogul Dave Grutman joins Rich Kleiman to talk about how he built Miami-based Groot Hospitality from the ground up, including the legendary LIV nightclub, and restaurants including Papi Steak, Komodo, & Planta. He talks about his approach to finding partners, how he identifies workers who have the "X factor," why he evaluates employees' potential by how professionally they do the "little things," and how he chooses celebrity collaborators, including his newest partnership with Pharrell. The hospitality guru also gets candid about his early career, including his days as a bartender and what he learned about failure from his ill-fated first nightclub. Plus, his thoughts on New York as a nightlife market, future aspirations in the sports business, and more.

Transcript

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0:00.0	What's up everybody and welcome to boardroom out of office? This is podcast 19, right? 19G.
0:11.8	Yes, Sersky. I'm feeling more and more comfortable. How are you feeling today?
0:15.6	Man, I am relaxed. It's my birthday. Oh, it's your birthday, bro. Happy birthday. Thank you, my brother. I'm so excited. We get to celebrate. We got the King of Celebration coming on. The King of Celebration. Good segue, bro. We got Dave Grutman on the show today. Dave, I've known for 20 some odd years. I think for people that don't know him, he is the king of Miami nightlife, but he's an
0:40.0	incredible business mind and operator and has built an empire of hotels, restaurants,
0:46.1	clubs, famous for Live on Sunday, has a new hotel with Farrell that will be launching,
0:51.9	has a beautiful wife and two daughters, has been playing a shit ton of tennis. And I don't know if you follow him on Instagram, but the dude was like a chubby, you know, Jewish guy at the club running shit. And he was always like, he wasn't fat, but he wasn't in shape. And now he's in impeccable shape. And man, I'm going to ask him You've got to ask him a lot of questions about, I mean, ask him what you want, my brother.
1:14.8	But you want to be in this business one day.
1:17.1	Oh, please, man.
1:18.0	I'm going to go off.
1:19.4	You've partied in Miami, I'm sure, a lot.
1:21.8	I have partied in Miami.
1:23.3	This is true.
1:24.4	Bro, I've had some of the most incredible times in Miami.
1:28.4	Miami's an incredible place.
1:30.1	I want to be in Miami right now.
1:33.0	I feel like you can mentally be in Miami as well.
1:35.9	Nah, it ain't as warm.
1:37.6	It's not as warm.
1:40.6	All right.
1:40.9	Well, Dave, I know it's going to be a fun guest.
1:42.7	So without further ado, please welcome to the show, Mr. David Grutman.
1:47.9	Dave, what's up, my man?
	...

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