Dee Murthy (@deemurthy) is a successful entrepreneur and the founder of multiple fashion brands including Menlo House, Five Four, Young & Reckless, New Republic and Grandac. Dee started the brand Five Four while still in college at USC with his best friend and business partner Andres Izquieta and has watched the business both evolve and massively succeed over the past fifteen years. Recently, in an effort to better connect with his customers and ultimately save his company $10 million in marketing spends, Dee has dove into the world of digital influencer, launching both a successful podcast, Group Chat and vlog, Life of Dee.
Dee and Justine met in 2010, through a mutual friend and naturally both outgoing individuals, they have continued to watch their worlds collide ever since. An energetic, happy-go-lucky, welcoming person, Dee is the ultimate connector and common link behind so many great relationships and friendships.
In this episode, Justine and Dee discuss Dee's journey as an entrepreneur, the true keys behind being able to cultivate such good relationships and what it takes to succeed and stay up with the culture in 2018.
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SHOW NOTES
4:10 Why Dee is trying to be a social influencer
6:20 Why people are more able to relate to him over a celebrity influencer
9:00 Why he’s so forthcoming with information on how he’s succeeded
13:45 How he empowers the people who work for him
15:25 Where he got the idea to launch a subscription service
16:15 $15 million in first year // Menlo Club story
18:23 His business vs. major retailers and how they’ve evolved
22:35 How Dee and Justine met
28:19 How does Dee know everyone?
35:45 Doing business with best friendW
37:35 hitting rock bottom in business
38:30 Launching Y&R with drama
40:55 On investing
47:11 Dealing with racism or discrimination in fashion and as a business owner
51:25 On staying up to date with the “culture.”
55:30 How he balances running multiple business, a family, being an influencer etc.
1:04:30 Why he thinks we are in the world where you have to do everything now
1:05:53 Top quality Dee looks for in a friend
1:08:15 On bringing the right people around
1:10:32 Where he gets the courage to chase all of these goals