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2: The Broadway Blueprint: Ken Davenport’s Guide to Theatrical Success
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In this episode of The Millionaire Mile, host Joe Simon chats with Broadway producer Ken Davenport. Ken shares his journey from aspiring actor to successful Broadway producer, likening the production of a Broadway show to running a startup. He discusses the financial challenges and rewards of the theater industry, comparing it to venture capital and private equity. Ken also offers valuable advice for aspiring entrepreneurs, emphasizing the importance of community and collaboration. He reflects on the impact of the pandemic on Broadway and how it has shaped his approach to overcoming obstacles and demonstrated his ability to successfully make it through a pandemic. Tune in for an insightful conversation on the business side of Broadway and entrepreneurial resilience.
What We Covered
00:03:28: The Business Side of Broadway
00:04:30: High Risk and High Reward in Broadway Productions
00:05:00: Advice for Aspiring Entrepreneurs
00:06:01: Transition from Acting to Producing
00:07:33: Challenges During the Pandemic
00:08:34: Maintaining Investor Engagement
00:09:36: Overcoming Challenges in Theater Production
00:10:06: Dealing with Setbacks and Failures
00:11:08: Advice for Young Entrepreneurs
00:12:08: Importance of Community and Networking
Memorable Quotes
"Broadway shows are businesses. They're medium-sized businesses. They can be anywhere from a play costing $4 million to a big musical costing $25 million to get going. But they are just like any other business out there."
"The best thing is that theater is supporting the arts. Without investors, the arts don't happen. I believe the world is a better place if there's more theater in it."
"Find your tribe and get into it and succeed and fail with those people. The thing that I never did, that I learned from my father, was to put myself in communities of people.
Connect with Ken
Website - https://www.kendavenport.com
Instagram - https://www.instagram.com/kendavenportbway/
Facebook - https://facebook.com/kendavenport
LinkedIn - https://www.linkedin.com/in/kendavenport/
Connect with Joe
Turn Around Media - https://aturnmedia.com/
LinkedIn - https://www.linkedin.com/in/drjoesimon/
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Chartable - https://chartable.com/privacy
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