The Favor
Michael “Schatzy” Schatzberg
??Hospitality|Investor?? Food Service|Technology|Innovation|Emerging Brands|Restaurant Owner|Venture Capitalist|TechStars Mentor|Advisor|Co Founder| Podcaster???Influencer?? Managing Partner|Talk Show Host
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Friends of Branded!
?Happy Saturday and I hope you had a great week.
Inspiration can come from so many places and sources. In the world of hospitality, I believe the social element of the business, the dining experience, the food & beverage, all lend itself to an incredible backdrop for ideas, creativity and yes, even inspiration for a Top of the Fold article.
Maybe someone should create a TV Series about the industry and a chaotic kitchen. Wait. Who am I kidding. Why would anyone be interested in a story or TV series about a restaurant? ??
Earlier this week I found myself sitting outside the restaurant of one of our partners, enjoying some whiskey and smoking a cigar. This moment of the night had NOT been planned.
The early-evening had started with an in-office meeting at B Works with another restaurateur and now a new friend. After our meeting, Schatz and I took our new friend downstairs to Isabelle's Osteria to continue our discussion, get to know one another more and to share a meal together.
As our evening was winding down, one of our partners walked into the joint in need of some whiskey. Well, "need" might be the wrong word or may set the wrong stage here, but our partner had just been gifted a humidor and box of cigars by the guests he hosted for a wine dinner. Our partner’s friends wanted to share a cigar with him and asked for some whiskey to accompany it. This spontaneous moment led to Schatz, myself and our new friend being invited to join this other group and outside we went for a nightcap of sort.
What struck me as we were sitting around a makeshift outdoor cigar-bar together was how not surprising, unusual or rare it was for a group of restaurateurs to find themselves in this very position. Maybe the scotch was different, maybe the streets we were on were different, but in my life in and around the restaurant business, industry folks getting together is more common than in almost any other industry I’ve been part of or witnessed.
One could make the argument that the restaurateurs sitting around this table, were in fact all competitors with one another. In this specific group, we had NYC owner/operators or full-service, high-end restaurants. Several have restaurants in the same neighborhood and even on the same block. And yet, here we all were, spending time together, sharing stories (some new, some not so new) and simply having a good time.
It made me think about competition and specifically something I read on a LinkedIn post by Gary Vaynerchuk , Chairman of VaynerX, CEO of VaynerMedia & Veerfriends, and the future owner of the NY Jets. ??
I think Gary V’s message is a strong one for all industries and it's one the hospitality industry most certainly embraces it.
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That’s it for today!
See you next week, (about the) same bat-time, same bat-channel.
It takes a village!
Jimmy Frisch & Julia Suchocki Branded Hospitality Ventures [email protected] & [email protected]
235 Park Ave South, 4th Fl | New York, NY 10003
Branded Hospitality Ventures ("Branded") is an investment and advisory platform at the intersection of food service, technology, innovation and capital. As experienced hospitality owners and operators, Branded brings value to its portfolio companies through investment, strategic counsel, and its deep industry expertise and connections.
Learn more about Branded here: Branded At-A-Glance October 2023