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Out To Lunch: Drinkstagram

Peter Ricchiuti.
Alison Moon
/
It's New Orleans
Peter Ricchiuti.

There are 500 million people on Instagram. It’s the world’s biggest social media site behind Facebook. Instagram reportedly grew by 100 million users over the past 12 months.

Business people wrestle with a simple question: How do you turn this captive audience into customers? On this edition of Out to Lunch we meet the person who has the answer.

If you want a break from making a fortune on Instagram, maybe you want to go out for a quiet meal. Or a rowdy cocktail. If you want to make sure the atmosphere where you’re going is what you’re looking for, you can check the vibe on an app called Scenehound.

This is a fascinating and illuminating about two potentially big deal apps with their two potentially big deal founders.

Peter Ricchiuti is the finance professor you wish you had back in college! His insight and humor have twice made him the top professor at Tulane University's A.B. Freeman School of Business. After a successful career on Wall Street, Ricchiuti served for five years as Assistant State Treasurer and Chief Investment Officer for the State of Louisiana. There he skillfully managed the State's $3 billion investment portfolio.