Assertion certainty 4/5 debate potential 1/5

Dominique Ansel Bakery opened with four employees and just $2,000

Dominique Ansel · The Cronut and Dominique Ansel Bakery: Dominique Ansel · Jun 17, 2024 · at 23:14

Pastry chef Dominique Ansel describes the lean bootstrapping conditions during the 2011 launch of Dominique Ansel Bakery in Soho, New York.

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“So we opened with four employees. We had no managers, no, like, I remember like looking at a bank account once it was like on a business bank account had like 2000 dollars left.”

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More from Dominique Ansel

Opinion
Ansel: Bread should be priced higher given the required labor
“By nature, in France, people think that bread should be cheap. And I, you know, I don't believe in that. I believe the bread should be a little bit more expensive. It takes so much labor and so much time.”
Dominique Ansel Jun 17, 2024 ▶ 11:19 The Cronut and Dominique Ansel Bakery: Dominique Ansel
Disclosure
Ansel imported expensive French butter and flour during COVID to stand out
“During COVID, everything gone up. All the pricing gone up everywhere. And I decided to import my butter and my flour from France. No, it's not cheaper. It's a lot more expensive. But you differentiate yourself from the competition because the quality of the in…”
Dominique Ansel Jun 17, 2024 ▶ 32:51 The Cronut and Dominique Ansel Bakery: Dominique Ansel
Insight
The Cronut went viral because consumers could instantly visualize the product
“I think, first, like, the name is cool. The simplicity of, like, when you look at it looks like a donut. When you hear about it, It's croissant and donut, so you can visualize it without even eating.”
Dominique Ansel Jun 17, 2024 ▶ 39:50 The Cronut and Dominique Ansel Bakery: Dominique Ansel
Disclosure
Ansel lost friendships enforcing a strict no-VIP line policy for Cronuts
“Yes, I mean, I lost a few friends in the process, but I wanted to be true to myself, you know. I was out of respect of people coming as early as two o'clock in the morning. If you want to try, you have to go in line.”
Dominique Ansel Jun 17, 2024 ▶ 42:49 The Cronut and Dominique Ansel Bakery: Dominique Ansel
Insight
Ansel: Viral success cannot be bought, planned, or manufactured on demand
“Even if you give me all the money of the world tomorrow, you cannot plan for this. You cannot expect the same You know, kind of, like, frenzy. You cannot, like, you know, inception people into liking the idea or not. They like it or not, for X, Y, Z, and again…”
Dominique Ansel Jun 17, 2024 ▶ 50:33 The Cronut and Dominique Ansel Bakery: Dominique Ansel
Disclosure
Ansel refused to mass-produce and ship frozen Cronuts worldwide
“I don't want to run a factory, you know, producing like a million cornets every day and ship it frozen around the world. It's, I don't believe in that.”
Dominique Ansel Jun 17, 2024 ▶ 54:03 The Cronut and Dominique Ansel Bakery: Dominique Ansel
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