Guest Lecture: Eric Wareheim and Joel Burt
+ Guest Lecture with Eric Wareheim and Joel Burt 🍇
Good morning. Yesterday I went to Coney Island to tan and get ice cream and go swimming. It’s probably my favorite place in the whole city. But man, do I get a messed up emotional hangover from taking off during the work week!
I’m going to LA for a few days in July, so if you want to link up with purpose, email me. I’m also going to Greece for two weeks in August and I need to figure out what to do about the newsletter while I’m there….. a problem to solve another day. Today’s letter includes why LVMH bought another restaurant, a Carbone robbery, and poppers moving up to spot #1 as the drug of the summer.
Today’s letter includes our fourth Guest Lecture with Eric Wareheim and Joel Burt, founders of Las Jaras Wines (which everyone at Monday’s party got to try). They answered Paid Reader questions about choosing label artists, how they differentiate themselves in a growing natural wine market, and how they think about climate change. Scroll to the bottom of this letter to read the full interview.
“Wine is at risk of becoming just another consumer product like the sneakers and other hype culture trends; especially if the wine is all style and no substance. All we can do is make great wine that fits within our sensibility and hope that we gain some fans along the way.“ - Joel Burt
Guest Lecture is a Feed Me series that captures the spirit of that (sometimes unhinged) guest lecturer who would come into your class on a Friday, drop more knowledge than you learned all year, maybe hit on a student, and then leave forever. Past features have included a16z’s David Ulevitch, and Régime des Fleurs’ Alia Raza. Respond to this email with who you’d like to see on the next one!
NEWS:
I told you finance guys are back. Rachel told you finance guys are back. Now JP Morgan is confirming they’re back – employees of Wall Street bank’s British operations will now be able to earn up to 10-times base salary after they’ve lifted the bonus cap. European countries traditionally have discomfort with bonuses that are super high (UK less than the rest of Europe) but JP Morgan and Goldman both see this as a way to reward bankers who are making the companies a ton of money. “We believe we have developed one of the most attractive and balanced pay structures in the industry,” the bank said. “Fixed pay will remain very competitive, and we will have ample room to reward the highest performers appropriately.”
- , Joana Avillez, and all went to Eel Bar on opening night. Looks excellent.
Jack Schlossberg has “things going on in Louisiana” but is back in the city for the summer. He’s also auditioning at acting roles, writing a book, and says his chaotic Instagram presence is part of a larger project to bring awareness to the election. I think he’s a rich kid getting super-hits of dopamine from these videos, but his intentions (to get President Biden re-elected) are good.