An Entrepreneur’s Failure Equals a Million Dollar MBA

Most successful entrepreneurs have at least one story of hitting rock bottom. It seems to come with the territory. For Dan Simons, co-owner of Founding Farmers (the most booked restaurant in the US on OpenTable), he calls his big fail his “million dollar graduate degree.” While expensive, anxiety producing, and lacking the cast of mentors and benefactors many graduate schools cultivate, he knows it paved the way for his current success. “I’d always wanted to go to grad school,” says Simons. “Instead, my partner Mike Vucurevich and I lost about a million dollars on our first restaurant, and it took…

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by Nathan Resnick via Endless Supplies .Ca - News