There's one business like show business

The Indicator from Planet Money

NPR

Business

4.7 • 9.5K Ratings

🗓️ 19 October 2023

⏱️ 9 minutes

🔗️ Recording | iTunes | RSS

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Summary

There's no business like show business. Or is there? It turns out the business of producing a Broadway hit shares a few things in common with the business of investing in tech start-ups. Today on the show, the producer of hits like Dear Evan Hansen and Leopoldstadt explains how he applies lessons learned from venture capital tech funding to investing in multi-million dollar Broadway productions.

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Transcript

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0:00.0	N-P-R.
0:03.0	This is the Indicated for Planet Money.
0:13.0	I'm Adrienne Ma.
0:14.0	And I'm Waylon Wong.
0:15.0	Adrienne, I don't know if you're into musicals or not.
0:18.0	Uh, I love a musical.
0:20.0	Do you really?
0:21.0	Yeah, I love a song and dance, little jazz hands, little high kicking.
0:24.0	Well, I love them too.
0:26.0	My first musical was Phantom of the Opera.
0:29.0	I still remember what I wore.
0:31.0	And I remember that chandelier coming towards me.
0:34.0	It was very magical.
0:36.0	So that is your theatre kid origin story.
0:40.0	And for Hunter Arnold, he had an origin story too.
0:44.0	And it started with a show called Peter Pan.
0:47.0	It was this 1979 Broadway revival
0:50.0	starring Sandy Duncan in the title role.
0:53.0	Look at me way up high suddenly.
0:56.0	I was old enough to understand it wasn't real,
1:00.0	but young enough to believe in magic, if that makes sense.
1:04.0	And I remember thinking,
	...

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