A 27-year-old entrepreneur who built a million-dollar business with clients like Drake and Lil Wayne says a game he played at age 10 taught him 2 lifelong lessons about money
Hollis Johnson/Business Insider
- Larry Morrow is a well-connected entrepreneur in New Orleans.
- From booking Floyd Mayweather to Mary J. Blige, he handles everything from party and performances to his new restaurant, Morrow's.
- The 27-year-old says he learned to take big risks as a young kid shooting dice behind a barbershop.
At 27 years old, Larry Morrow is a rising star in the entertainment and restaurant industries in New Orleans, a city known for both.He's has booked high-profile celebrities like Drake, Sean "Diddy" Combs, Floyd Mayweather and Mary J. Blige for parties and performances - and earlier this year, he opened a popular restaurant called Morrow's.Advertisement
"I was 10 years old shooting dice! I walked over to the store with my mom's store money. She would send me to the store to get bread, and I would gamble the money. And I remember one time I lost her money," Morrow said on an episode of Business Insider's Podcast "This Is Success."After losing his mother's money, Morrow said he cried to get it back and buy what she sent him to get. At first, shooting dice behind a barbershop kept kids out of trouble, Morrow said, but as they got older, it turned into gambling bigger bets.
"And I feel like that molded me to the young man I was and grew me into a man. Because I became numb to risk at an early age, you know, shooting dice, gambling with guys twice my age, and with friends," Morrow said. "It also showed me the value of a dollar, because we cherished those dollars ... I would lose, and I would go home hurt.""I had to ... stop gambling in a game where the odds were stacked against me and start investing in myself where the odds are more in my favor. I know more about my industry than I knew what was under that card," he said.Advertisement
"But I can tell you the odds and the projections of what I may do by bringing Drake, or doing this party, investing this money, because I know more about it," he added. "So, I decided just to gamble in the industry I'm in."Advertisement
Morrow noted that people don't always understand how much he is investing in his company. And not everything he does is for a profit: When he hosted Drake, people thought Morrow made money, but he actually lost $25,000 on that party.
"I was able to endure those things because I lost in the past," Morrow said.The monetary loss motivated Morrow to push his business farther and harder. After the party, Drake came back into town and visited Morrow's restaurant.Advertisement
- Domestic flights resume after two months: Delhi's first departure is to Pune and Mumbai's first to Patna
- 46 more test COVID positive in Assam, total cases near 400
- Turkey confirms 32 deaths, 1,141 new COVID-19 cases
- COVID: As 2 more test positive, Hamirpur continues to have highest number of cases in HP
- Himachal COVID-19 tally crosses 200 as 18 news cases reported