Business
Watch full interview on video: https://youtu.be/3BHdnOiYym4 Full show notes & timestamps: https://www.creatorlab.fm/ronnie-madra-1oak-earos/ Ronnie Madra is the co-founder of the Butter Group which has an extensive portfolio of brands including legendary nightclubs 1OAK and Up and Down. They’ve hosted after-parties for events like the Oscars, Met Gala & Cannes Film Festival attracting A-List celebrities along the way. Alongside business partner, Richie Akiva, they’ve developed properties in NYC, LA, Las Vegas, Tokyo, Dubai & Maldives – building one of the leading food & beverage (F&B) brands around. However, after 25+ years in nightlife – Ronnie developed a severe hearing issue which causes constant ringing in his ears. To address this issue for the 1.1bil people who will develop hearing issues in their lifetime – he created, EAROS, an in-ear protection system & an acoustical filter. Ronnie shared stories he has never shared before. He opens up about growing up on a coconut plantation in Guyana, landing in NYC as a minority amongst minorities, personal stories about dealing with bullies as a kid, running into trouble with a gang & landing on his feet into nightlife in NYC. FIVE THINGS TO LISTEN OUT FOR: Childhood – growing up with no electricity in Guyana, landing in NYC and how his early experiences shaped his outlook Fitting in & dealing with a bully – a raw and honest chat about dealing with bullies, trying to fit in and finding the confidence to be yourself. Building a name – alongside Richie Akiva, Ronnie has built a name for himself in the nightclub space, attracting A-List celebrities like Jay Z, Pharrell, Rihanna, Kate Hudson, Kanye, Gigi Hadid, Virgil and others to their venues. We go into all the details of how they started and built a name for themselves. Coming up with business ideas & developing a product – scratching his own itch, why he started EAROS, ways you can think about finding inspiration for ideas and knowing how to take action. Building Brand & Service – learning from his experience in creating a brand, product development, making people feel safe. TIME STAMPS: 2:34 – What Ronnie is known for: 1OAK, Butter Group & Earos 5:25 – Scale of their nightclubs & restaurants 7:42 – Growing up on a coconut plantation in Guyana 11:16 – Landing in Queens, NYC 13:15 – Teenage Ronnie 13:55 – Dealing with bullies 19:38 – Early signs of entrepreneurship 23:02 – Listening to all types of music and wanting to fit in 26:32 – Becoming comfortable not fitting in 31:26 – What lead to 1OAK being formed? Finding an A-Team. 36:15 – Starting 1OAK with Richie Akiva & early investments 38:06 – “Pioneers of the pop-up” 41:40 – How to choose partnerships 44:24 – What is next for 1Oak? 47:40 – Attracting A-list celebrities 51:20 – New venture – Earos 55:10 – Developing hearing issues – tinnitus 58:52 – Idea and need for a new type of ear protection 60:50 – Going beyond looking like a hearing aid 66:48 – The process of developing a new product 69:45 – Sound vs. noise 71:35 – The process of reaching out to great people through Linkedin 75:58 – Working day vs. night 79:44 – Pitching the idea to investors 85:16 – When do you know you’re finished? 87:06 – 20 years into the future 91:10 – Closing remarks