March 15, 2017 — While many things can be said about the success of Luke Holden and his multi-million-dollar company, Luke’s Lobster, two things, in particular, stand out. Going into finance post-graduation isn’t the only key to making it big, and nothing is so good that it can’t be made better.
As is the case for many in the industry, Holden comes from a long line of fisherman and began his foray into the lobstering world as a kid. Following in the footsteps of his father and grandfather, Holden spent his summers lobstering in the waters off Cape Elizabeth in Maine. During a stint as an investment banker in Manhattan in 2007, he realized that high-quality, affordable lobster rolls weren’t a thing in the city.
From that moment on, he made it his mission to change the lobster roll scene, and in 2009, the first Luke’s Lobster officially opened its doors in the East Village. With little-to-no business experience and a $15,000 loan from his father, Holden and his Craigslist-found business partner made Luke’s profitable within three weeks of being in business.