OUT TO LUNCH finds economist and Tulane finance professor Peter Ricchiuti conducting business New Orleans style: over lunch at Commander's Palace restaurant. Each week Peter invites guests from the New Orleans business renaissance to join him. The Wall Street Journal, Forbes, and Inc magazine have all named New Orleans the best city in the USA to be an entrepreneur. Out to Lunch is the cafeteria of the new New Orleans entrepreneurial movement. You can also hear the show on WWNO 89.9FM.
Photo by Rick Lineberger
You’ve probably heard the expression, “follow the money.” It usually refers to a method of tracking criminal activity.
In entrepreneurial circles, following the money can lead to a lot more money. Or it can lead to absolutely nothing. Knowing which entrepreneurial idea to bet on is more art than science.
Peggy Babin is CEO of a firm called Valmiki 504. It’s the New Orleans branch of a Manhattan investment company and they’re investing in local New Orleans startups.
Allison Albert is the founder of a very unique New Orleans startup, called Pet Krewe. Pet Krewe is part of the seventy-billion-dollar pet industry in the United States. And they have a slice of that market to themselves. They’re one of the only companies in the country who make costumes for cats and dogs.
The great thing about this show – and about life itself actually! – is you never know what’s going to happen. One minute you’re deciding between soup and salad, and the next you’re talking to a Manhattan investor and a person who makes costumes for pets.