Did the show Seinfeld come about in a manner similar to the way it was depicted in the show?

NBC asked if I had any ideas for a show, and I said no. They sent me away to think about it. Then, a month or two later, I bumped into Larry David (co-creator/executive producer/writer) at one of the clubs in New York and I was telling him about the meeting. We were walking around near one of those little Korean fruit stands that they have in New York, buying some late night groceries, and we were making fun of some of the products there. Larry said, "You know, this is what the show should be: just two comedians making fun of stuff, walking around talking. That was the premise we started with.