From Immigrant Roots to Entrepreneurial Success
Alan Smolinisky’s story begins with his parents’ courageous journey from Argentina to the United States. His father arrived at 17 with little education, facing prejudice and hardship, yet driven by a dream of opportunity. Starting as a janitor in Los Angeles’ garment district, his father worked tirelessly to build a small business, embodying the immigrant spirit of hard work and perseverance. Alan’s mother also immigrated under challenging circumstances, and together, their sacrifices provided Alan and his sister with opportunities they never had, including a college education and a stable upbringing.
Overcoming Challenges and Embracing a Different Path
Unlike his sister, who followed a traditional academic path, Alan struggled in school and was expelled twice before age 13. Yet, this rebellious spirit and entrepreneurial mindset fueled his desire to build businesses rather than conform. He credits his upbringing and his father’s example—someone who succeeded despite limited formal education—as his inspiration to hustle and create value. Alan’s story highlights that success isn’t always born from perfect grades but from passion, persistence, and a willingness to challenge the status quo.
Building a Real Estate Empire with Strategic Vision
While studying music at USC, Alan discovered a promising opportunity in student housing. Partnering with a friend new to the country, he dove into real estate despite lacking formal experience. Together, they built a thriving portfolio of safe, clean, and well-managed properties near university campuses. His approach was deeply influenced by value investing icons like Warren Buffett and Charlie Munger, focusing on patience, margin of safety, and only investing when returns made sense. This disciplined strategy helped him navigate the 2008 financial crisis successfully.
Going Big: Boldness Rooted in Strategic Risk
Alan defines “going big” as embracing bold visions without regrets. He encourages entrepreneurs to take calculated risks early in life when they have fewer obligations and to pursue their passions relentlessly. His path—from immigrant roots to co-owner of the Los Angeles Dodgers—exemplifies this mindset. Alan’s story teaches that going big is not just about scale but about commitment, resilience, and the courage to keep moving forward despite setbacks.
Giving Back: Philanthropy and Immigration Advocacy
Beyond business, Alan is deeply committed to philanthropy. He and his wife Caroline focus on poverty alleviation and immigration reform, inspired by their family’s immigrant experience. They support programs like Rising Tide, which empowers entrepreneurs from impoverished backgrounds to break cycles of poverty. Alan also champions bipartisan immigration reform, hosting emotional naturalization ceremonies at Dodger Stadium to celebrate the patriotism and contributions of new Americans.
Resilience in the Face of Adversity: The Palisades Fire
Alan’s optimism was tested during the devastating Palisades fire, which destroyed much of his hometown. Despite personal loss and community devastation, he remained steadfast, continuing to operate the local newspaper as a beacon of hope and rebuilding. His resilience and commitment to community reflect the same spirit that has defined his life and career.
Wisdom for Future Entrepreneurs
Alan’s advice to aspiring entrepreneurs is clear: immerse yourself in learning, seek mentorship, be prepared to face numerous “no’s,” and above all, never give up. Passion and authenticity are key; success follows those who truly love what they do. His journey underscores that perseverance, strategic thinking, and an optimistic mindset are crucial components of going big.
Looking Ahead with Optimism
Despite challenges, Alan remains bullish on America’s future, the power of innovation, and the resilience of communities. He sees tremendous opportunities in technology, healthcare, and rebuilding efforts, driven by a belief that this country always finds a way to come back stronger. His story is a powerful reminder that limits are often self-imposed, and with vision and grit, anyone can go big.
