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Invest Like the Best with Patrick O'Shaughnessy

Sean Feeney - Reinventing the Restaurant Business - [Invest Like the Best, EP.366]

Invest Like the Best with Patrick O'Shaughnessy

Colossus

Technology, Business, Investing

4.72.5K Ratings

🗓️ 26 March 2024

⏱️ 109 minutes

🧾️ Download transcript

Summary

My guest today is Sean Feeney. Sean is the co-founder of Grovehouse Hospitality Group and the owner of Lilia and Misi, two of New York City’s most sought-after restaurants. He left his job in Trading to chase down a dream with Michelin star chef Missy Robbins. Sean leveraged his finance background to write his own rulebook for the restaurant industry, crafting several establishments that now boast several thousand people on the waitlist any given night. His story is as entertaining as it is inspiring. As we go step by step through his business endeavors, he points out all of the times he was told “it’s just always been done this way” and how that revealed to him where he could innovate. Sean’s restaurants are the perfect example of building a business into the fabric of a community, collaborating with other brands in authentic ways, and staying true to yourself along the way. Please enjoy this awesome conversation with Sean Feeney.  Listen to Founders Podcast Join Positive Sum as a Research Analyst  For the full show notes, transcript, and links to mentioned content, check out the episode page here. ----- This episode is brought to you by Tegus, the only investment research platform built for the investor. With traditional research vendors, the diligence process is slow, fragmented, and expensive. That leaves investors competing on how well they can aggregate data — not on their unique ability to analyze insights and make great investment decisions. Tegus offers an end-to-end platform with all the data you need to get up to speed on a company or market: up-to-the-minute financials, customizable models, management and culture checks, and, of course, our vast and growing library of expert call transcripts. Tegus is changing the world of expert research. Learn more and get your free trial at tegus.com/patrick. ----- Invest Like the Best is a property of Colossus, LLC. For more episodes of Invest Like the Best, visit joincolossus.com/episodes.  Past guests include Tobi Lutke, Kevin Systrom, Mike Krieger, John Collison, Kat Cole, Marc Andreessen, Matthew Ball, Bill Gurley, Anu Hariharan, Ben Thompson, and many more. Stay up to date on all our podcasts by signing up to Colossus Weekly, our quick dive every Sunday highlighting the top business and investing concepts from our podcasts and the best of what we read that week. Sign up here. Follow us on Twitter: @patrick_oshag | @JoinColossus Editing and post-production work for this episode was provided by The Podcast Consultant (https://thepodcastconsultant.com). Show Notes: (00:00:00) Welcome to Invest Like the Best (00:03:58) First Question - A Chance Encounter with a Michelin-Starred Chef (00:08:52) The Birth of a Culinary Partnership (00:12:49) Embracing the Genius Within (00:16:41) Innovative Approaches to the Restaurant Business (00:24:53) Creating Demand: The Art of Exclusivity (00:28:49) Learning from the Best: Insights from Kith's Success (00:34:21) Defining Exceptional Hospitality (00:44:20) The Power of Customer Relationships in Hospitality (00:52:31) Unlocking Team Potential  (00:53:33) The Philosophy of the Perfect Turn (00:54:05) Balancing Art, Commerce, and Satisfaction (00:56:13) The Impact of Authentic Experiences and Brands (01:03:24) The Evolution of a Hospitality Brand (01:06:38) Community Engagement and the Power of Simplicity (01:24:40) Creative Responses and Business Lessons Learned (01:36:05) Lessons From Working In The Restaurant Industry  (01:43:01) The Kindest Thing Anyone Has Ever Done For Sean

Transcript

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0:00.0

This episode is brought to you by Tegis, the only investing research platform built for fundamental investors.

0:05.6

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0:10.0

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0:13.2

With TIGAS, you can quickly understand a company's business model, drivers, benchmarks,

0:17.8

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0:19.0

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0:24.9

using Tegus's new Excel ad-in.

0:27.5

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0:32.2

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0:35.7

are Tegus customers.

0:37.1

Learn more and get your free trial at Tegus.com

0:40.0

slash Patrick. You may have heard me reference the idea of maniacs on a mission and how much that idea

0:46.8

excites me. Well, David Senra is my favorite maniac on one of my favorite missions with his

0:51.4

weekly crafting of the Founders Podcast.

0:53.6

Through studying the lives of legends, he weaves together insights across history

0:57.8

to distill ideas that you can use in your work. Founders reveals tried and true tactics battle tested by the world's icons and has

1:06.1

David's infectious energy to accompany them. With well over 300 episodes your heroes are

1:11.2

surely in the lineup and his recent episode on Oprah is

1:14.3

particularly great. Founders is a movement that you don't want to miss. It's part of

1:18.5

the Colossus Network and you can find your way to David's great podcast in the

1:22.2

show notes.

1:26.8

Hello and welcome everyone. I'm Patrick O'Shaughnessy and this is Invest Like the Best.

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