WEBVTT - EYL #35 Pay me in Equity

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<v Speaker 1>Hey, I'm Tatiana Manning. I support our Voice of a

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<v Speaker 3>All right, guys, welcome back. Shout out to Houston, Shout

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<v Speaker 3>out to the great state of Texas. We are enjoying ourselves,

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<v Speaker 3>thoroughly enjoying ourselves here. We had a crazy, tremendous networking event.

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<v Speaker 3>Everybody came out and it's just really good, really good

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<v Speaker 3>to just feel the Southern hospitality. Everybody's going out of

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<v Speaker 3>their way. Everybody's so nice and for.

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<v Speaker 4>Us, yeah, I feel like they got the message. They

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<v Speaker 4>heard La was crazy, Atlanta was crazy, Brooklyn was nuts,

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<v Speaker 4>and they were like, we got to show him how

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<v Speaker 4>was really done down here.

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<v Speaker 5>And so it's a very progressive town.

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<v Speaker 3>I've noticed a lot of people doing well for themselves,

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<v Speaker 3>a lot of entrepreneurs. Everybody we met at the networking

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<v Speaker 3>events like I got the largest real estate black owned

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<v Speaker 3>real estate company, I got a construction company, I got

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<v Speaker 3>you know what I mean, Like everybody's trying to do something.

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<v Speaker 3>So shout out to Texas.

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<v Speaker 6>We are.

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<v Speaker 3>We are enjoying ourselves and part of our Texas run

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<v Speaker 3>is that we're highlighting people in the area and some

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<v Speaker 3>of the heroes doing their thing, your hometown heroes for sure.

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<v Speaker 3>So along those lines, we have a very special guest today,

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<v Speaker 3>t Brown Zone. Thank you, thank you for joining us.

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<v Speaker 7>Thank you this when I say Houston, yeah now, thanks

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<v Speaker 7>for having me, I appreciate it.

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<v Speaker 3>No, for sure, for sure. So Mike is a is

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<v Speaker 3>an interesting guy. He has a lot going on. He

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<v Speaker 3>had a career first and foremost as a football player,

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<v Speaker 3>football star, A two year All American at Duke, and

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<v Speaker 3>he was an academic standout as well, four point zero

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<v Speaker 3>high school student.

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<v Speaker 5>Student athlete University, which is one of the.

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<v Speaker 3>Top academic schools, and then had a career in the NFL.

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<v Speaker 3>Played three years in the NFL as well. But now

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<v Speaker 3>he's doing his thing in the tech space and some

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<v Speaker 3>other stuff we'll get into. It is very interesting, But

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<v Speaker 3>can we talk about football first before we talk about

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<v Speaker 3>what you're doing in the entrepreneurial world. So you grew

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<v Speaker 3>up in Texas. You're from Texas and from Houston, right,

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<v Speaker 3>we're part specifically a leave.

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<v Speaker 7>We call it the SWAT for anybody that knows it,

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<v Speaker 7>and uh, yeah, we were proud.

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<v Speaker 5>Of that shot to shout out to the SWAT.

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<v Speaker 8>Yeah.

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<v Speaker 4>When I heard the SWAT was my brother used to

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<v Speaker 4>live in Atlanta. That's still for southwest Atlanta. Yeah, so

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<v Speaker 4>it's like.

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<v Speaker 8>Texas is southwest side of Houston, all right.

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<v Speaker 3>So you're in the league, right, and we've all shout

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<v Speaker 3>out to the to the NFL because well the NFL players,

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<v Speaker 3>because a lot of the guys follow us on social

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<v Speaker 3>media and we connect with so many players in the

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<v Speaker 3>NFL and they're really into financial literacy, right, now, But

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<v Speaker 3>when you was in the league, was that prevalent, Like

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<v Speaker 3>did you guys talk about investing in savings and tech.

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<v Speaker 5>Like real estate?

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<v Speaker 3>And because we've all had this horror stories of athletes

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<v Speaker 3>going broke, so many athletes going broke, like eighty percent

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<v Speaker 3>of NFL players go bank up bobbies after they get

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<v Speaker 3>finished playing, how was it from the from the inside

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<v Speaker 3>in as far as you know, the conversations of financial literacy,

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<v Speaker 3>if that was going on.

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<v Speaker 7>I mean, I would I'll just say that it's certainly

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<v Speaker 7>made some leaps and strides, you know, towards where I

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<v Speaker 7>think it should be. I mean this we're talking when

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<v Speaker 7>I was you know, nine to twenty twelve, and I remember, like,

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<v Speaker 7>you know, having the formal sit down, you know, with

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<v Speaker 7>within the team meeting room with a guy from you know,

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<v Speaker 7>Merrill lanch or whomever will come in and talk about,

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<v Speaker 7>you know, different things. But I think, you know, honestly,

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<v Speaker 7>that was that was probably it, at least for me,

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<v Speaker 7>you know, And and you know, I guessaid my journey

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<v Speaker 7>was a little different, as you know, I'm trying to

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<v Speaker 7>I'm trying to stick and stay off the bubble. But

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<v Speaker 7>you know, they're internally and honestly, for me, there was

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<v Speaker 7>a lot of conversation about not necessarily financial literacy, but

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<v Speaker 7>guys would talk about what they're doing with their money,

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<v Speaker 7>and it seemed like everybody was trying to find their way.

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<v Speaker 7>And it was like, I know, at the time, restaurants

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<v Speaker 7>was kind of the kind of the move and you know,

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<v Speaker 7>obviously we kind of know how that that works out,

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<v Speaker 7>but and some real estate stuff and you know, I

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<v Speaker 7>just remember having and again this is a part even

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<v Speaker 7>part of my personal story that really led to me

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<v Speaker 7>being where I am now is having these conversations and

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<v Speaker 7>coming up with these ideas and talking about different things.

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<v Speaker 7>Now I wasn't necessarily tech, right, but it was just

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<v Speaker 7>different ideas of businesses or different you know, ways to

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<v Speaker 7>kind of make more money if you will. But it

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<v Speaker 7>wasn't specifically investing necessarily. So I think now there's a

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<v Speaker 7>lot more kind of programming related to getting players to

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<v Speaker 7>understand kind of how to how to you know, leverage

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<v Speaker 7>your money to work for you beyond the field. And

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<v Speaker 7>one of the things that was I remember they always

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<v Speaker 7>they were telling that they were really heavy on protecting

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<v Speaker 7>your money, right. I remember they talked about like not

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<v Speaker 7>like understanding that the tickets that you're giving aren't free.

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<v Speaker 7>So like when you're giving tickets to people to come

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<v Speaker 7>to the game, that's actually deducted from you, and like

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<v Speaker 7>you yeah, you look up and you got you know,

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<v Speaker 7>ten to fifteen worth the tickets.

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<v Speaker 5>They give you, like four tickets free.

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<v Speaker 7>Yeah, it depends like home game, away game, and like

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<v Speaker 7>what you can get beyond that. But you know, they

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<v Speaker 7>I remember as rookies, they were like, like everybody's gonna

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<v Speaker 7>want tickets, and you need to understand how to say no.

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<v Speaker 7>And like they would tell you, like, you know, you

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<v Speaker 7>need to point people to somebody else who can be

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<v Speaker 7>your no guy. Right, So it was things like that,

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<v Speaker 7>you know they said, you know, I remember saying. One

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<v Speaker 7>of the guys told us was, you know, ten thousand

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<v Speaker 7>dollars seems to solve everybody's problem, right.

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<v Speaker 8>It's like everybody need ten bands to like do something.

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<v Speaker 5>I'm hurt right now.

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<v Speaker 8>I got this basic idea.

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<v Speaker 7>You know what I'm saying, I just need ten k investment,

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<v Speaker 7>and it's just like, you know, that's that's how you go, bro.

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<v Speaker 8>So it was that kind of stuff.

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<v Speaker 7>But I'd imagine now that there's a much more robust

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<v Speaker 7>you know, programming around what to do with your money,

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<v Speaker 7>how to how to manage it. I know actually a

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<v Speaker 7>couple of financial advisors that work with a number of players.

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<v Speaker 7>I know a pretty good financial advisor. Yeah, that probably

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<v Speaker 7>should work with some players.

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<v Speaker 3>We've got a lot of relationships with. So all right,

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<v Speaker 3>so can we talk about tech? So after you're done playing,

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<v Speaker 3>le play about three and a half years in the league,

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<v Speaker 3>which is a good amount of time. I think the

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<v Speaker 3>average you said two and a half years and a

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<v Speaker 3>half until you're right on average.

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<v Speaker 7>That's bouncing. Yeah, that's trying to make it happen. Yeah.

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<v Speaker 3>So all right, so you go into the tech world

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<v Speaker 3>with Draper University. Right, so this is a life.

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<v Speaker 5>Changing experience for you, right, life changing? So can you

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<v Speaker 5>talk about that?

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<v Speaker 8>Yeah?

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<v Speaker 7>And so the way the transition happened, you know, like

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<v Speaker 7>I mentioned, we were having a lot of business conversations.

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<v Speaker 7>So what a lot of people don't know is that

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<v Speaker 7>I was prepared for law school. I graduated with a

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<v Speaker 7>public policy degree, graduated early, take the l sat ready to.

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<v Speaker 8>Go into law. Go play.

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<v Speaker 7>Now I'm like, okay, I think businesses is where I

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<v Speaker 7>want to go. So I said, I'm gonna go get

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<v Speaker 7>an NBA. Right, That's what I figured. You get an

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<v Speaker 7>NBA and figure it out from there. So came home,

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<v Speaker 7>was actually about to go to Rice and a friend

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<v Speaker 7>of mine, former teammate at Duke who's now in the

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<v Speaker 7>league at that time, told me about a program Draper University.

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<v Speaker 7>And I'm like, what's that. He's like, it's a new

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<v Speaker 7>thing in Silicon Valley and I'm like, well, what's that.

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<v Speaker 4>Is?

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<v Speaker 8>Exactly?

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<v Speaker 7>This is twenty thirteen, And you know, honestly, I thought,

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<v Speaker 7>and this is gonna sound very ignorant, I thought he

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<v Speaker 7>was talking about breast, you know what I mean, like Silicon.

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<v Speaker 4>And you know, the crazy thing is like when you

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<v Speaker 4>said draput like I know Houston Like yeah, So I'm like,

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<v Speaker 4>oh no, you're talking about Tim d But you want

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<v Speaker 4>to talk about who he is before?

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<v Speaker 5>Yeah?

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<v Speaker 7>Yeah, So Tim Draper is a legendary venture capitalist in

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<v Speaker 7>Silicon Valley. And let me just also give y'all some name.

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<v Speaker 7>Silicon is how you said Silicon? Everybody watching just thank

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<v Speaker 7>me later. It's Silicon Valley, Silicon, Silicon. This is not

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<v Speaker 7>doctor Miami. And I learned this when I got out

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<v Speaker 7>there and then and people were telling me, They're like

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<v Speaker 7>That's how you know who's actually in tech and really

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<v Speaker 7>really in it is by the way they say the

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<v Speaker 7>actual name Silicon Valley.

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<v Speaker 5>Don't embarrass yourself, Silicon Silicon.

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<v Speaker 7>So you know, Silicon Valley like legendary VC venture capitalist

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<v Speaker 7>but from a lineage, so DFJ is their fun but

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<v Speaker 7>his father, his father's father's father, like they were actually

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<v Speaker 7>apparently like some of the first vcs.

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<v Speaker 8>Ever you know in that Bay area? Can playing with

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<v Speaker 8>VC is yeah.

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<v Speaker 7>So VC stands for venture capitalists and essentially what they're

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<v Speaker 7>doing they're investors. But the difference is that they're investing

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<v Speaker 7>other people's money essentially. So a VC will go out

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<v Speaker 7>and essentially they have to raise a fund. So they

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<v Speaker 7>got to go out and convince people that they can

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<v Speaker 7>identify the best companies. And usually they're able to do

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<v Speaker 7>that through a track record or they get people to

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<v Speaker 7>believe in them, right or whatever, or you know, and

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<v Speaker 7>probably Tim Draper's you know experience, right, he had a

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<v Speaker 7>family that was doing that and so he was able

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<v Speaker 7>to ride that. So you raise money from you know,

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<v Speaker 7>big wealthy families, endowment funds. You know, you're raising that

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<v Speaker 7>money and then you're investing that money on behalf of

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<v Speaker 7>those investors, which are called limited partners. So LP's in

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<v Speaker 7>a fund mean I'm giving this money to this person

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<v Speaker 7>to go invest on my behalf and then when the

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<v Speaker 7>return comes, like the company gets acquired, then the LPs

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<v Speaker 7>make money, right. But it's the general principle the gps

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<v Speaker 7>general partners that are, you know, going through the process

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<v Speaker 7>of finding the companies, vetting the companies, making the investment.

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<v Speaker 8>Uh.

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<v Speaker 7>And so when you build a track record of finding

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<v Speaker 7>very successful companies, then more people it's much easier to

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<v Speaker 7>raise a fund. And so Tim Draper is like an

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<v Speaker 7>early investor in Yahoo or I think all his portfolio

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<v Speaker 7>early investment, Sky, Tesla, Twitter, Space, some companies you might

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<v Speaker 7>have heard of, right right, a few and so you

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<v Speaker 7>know he and then in twenty thirteen he starts this

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<v Speaker 7>entrepreneurial school. Essentially it's a program called Draper University. Now

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<v Speaker 7>it's not like in a credit the university to get credits.

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<v Speaker 7>I don't think maybe they've gotten to that point now,

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<v Speaker 7>But at the time it was just basically a crash

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<v Speaker 7>course through Silicon Valley for aspiring tech entrepreneurs. And my

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<v Speaker 7>friend told me about I don't even know how he

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<v Speaker 7>knew about it, but he told me, and I was like,

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<v Speaker 7>all right.

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<v Speaker 8>It's in Silicon Valley.

0:10:48.280 --> 0:10:50.880
<v Speaker 7>I've never heard of that, but you know, I applied,

0:10:51.160 --> 0:10:53.640
<v Speaker 7>and then Tim Draper himself ended up calling me. And

0:10:53.679 --> 0:10:56.240
<v Speaker 7>it was a very unique situation because I wasn't really

0:10:56.960 --> 0:10:59.720
<v Speaker 7>not sure I would even be able to go, you

0:10:59.720 --> 0:11:02.040
<v Speaker 7>know what I mean, like in terms of wanting to go,

0:11:02.080 --> 0:11:04.000
<v Speaker 7>because it was just so foreign. I'm like, I'm here

0:11:04.120 --> 0:11:06.320
<v Speaker 7>about to go to rights families here, you know, I'm

0:11:06.360 --> 0:11:09.120
<v Speaker 7>gonna just do that. And so what I ended up,

0:11:09.360 --> 0:11:11.760
<v Speaker 7>you know, once he called me, I was like, all right,

0:11:11.960 --> 0:11:16.160
<v Speaker 7>Tim Draper, who had learned a lot about at that point, Yeah.

0:11:16.040 --> 0:11:16.360
<v Speaker 8>It is.

0:11:16.520 --> 0:11:18.520
<v Speaker 7>And I honestly it was the first batch. I thought

0:11:18.520 --> 0:11:21.040
<v Speaker 7>he was calling everybody. It wasn't until I got there

0:11:21.080 --> 0:11:24.480
<v Speaker 7>and it was fifty something other students and we're all

0:11:24.480 --> 0:11:26.840
<v Speaker 7>talking about how we found out about Draper and and

0:11:26.880 --> 0:11:28.600
<v Speaker 7>I'm like, yeah, you know, and Tim called me, and.

0:11:28.679 --> 0:11:29.760
<v Speaker 8>Everybody's like what.

0:11:35.400 --> 0:11:35.720
<v Speaker 4>I thought.

0:11:37.840 --> 0:11:39.679
<v Speaker 7>I thought it was just you know, it's the first batch.

0:11:39.720 --> 0:11:42.400
<v Speaker 7>He wanted to welcome everybody, and you know, well but whatever.

0:11:42.440 --> 0:11:45.320
<v Speaker 7>So that was like that pivotal moment because if it

0:11:45.320 --> 0:11:47.560
<v Speaker 7>hadn't been him and you know, the other kind of

0:11:47.600 --> 0:11:50.760
<v Speaker 7>standard process. I may have not decided to go because

0:11:50.760 --> 0:11:52.920
<v Speaker 7>it was out of my comfort zone, but I've been

0:11:52.960 --> 0:11:56.319
<v Speaker 7>wanted to step out of there sometimes, So go out there,

0:11:56.600 --> 0:11:57.960
<v Speaker 7>and essentially it's nine weeks.

0:11:58.000 --> 0:11:59.800
<v Speaker 8>I mean, we're learning. I mean it was just jam.

0:12:00.320 --> 0:12:02.679
<v Speaker 7>We're going through how to build a company, how to

0:12:02.760 --> 0:12:06.200
<v Speaker 7>you know, grow a company. We're learning from founders of

0:12:06.320 --> 0:12:08.120
<v Speaker 7>companies that Tim had invested in.

0:12:08.480 --> 0:12:09.640
<v Speaker 8>And I remember meeting, you.

0:12:09.559 --> 0:12:11.520
<v Speaker 7>Know, a little twenty three year old agent kid that

0:12:12.040 --> 0:12:14.480
<v Speaker 7>you know just sold a company for five hundred million,

0:12:15.040 --> 0:12:19.280
<v Speaker 7>and I'm like, you ain't tackled nobody out here sitting good.

0:12:19.320 --> 0:12:21.840
<v Speaker 7>And so that's when it really triggered on me. Was like,

0:12:22.480 --> 0:12:25.800
<v Speaker 7>I'm learning that people are literally building and creating, you know,

0:12:25.880 --> 0:12:28.839
<v Speaker 7>the technologies that we're using every day, and I had

0:12:28.880 --> 0:12:31.200
<v Speaker 7>never even heard about it. And you're talking about a

0:12:31.200 --> 0:12:33.520
<v Speaker 7>guy that had a four point zero president of the

0:12:33.559 --> 0:12:35.600
<v Speaker 7>engineering club. You think I would You don't think I

0:12:35.600 --> 0:12:37.640
<v Speaker 7>would have been coding if I know about that when

0:12:37.679 --> 0:12:39.720
<v Speaker 7>I was seven or eight years old, Like some people

0:12:39.720 --> 0:12:42.000
<v Speaker 7>that I had met out there had been coding, had

0:12:42.040 --> 0:12:44.720
<v Speaker 7>been building things. And so I was like, Okay, I'm

0:12:44.800 --> 0:12:47.280
<v Speaker 7>late to the game. But I'm here and we're gonna

0:12:47.280 --> 0:12:49.480
<v Speaker 7>get active. And so I ended up finishing number one

0:12:49.520 --> 0:12:52.400
<v Speaker 7>in the program. And for me that I was like

0:12:53.120 --> 0:12:55.000
<v Speaker 7>halfway through the program, I knew. I said, I'm moving

0:12:55.000 --> 0:12:56.840
<v Speaker 7>to the Bay and I'm gonna start a tech company.

0:12:57.240 --> 0:13:01.559
<v Speaker 7>And so was grinding through that and was really really optimistic.

0:13:01.679 --> 0:13:04.800
<v Speaker 7>And and you know, after that, went home and uh,

0:13:04.920 --> 0:13:07.440
<v Speaker 7>you know, told my then fiance that we we're going

0:13:07.480 --> 0:13:10.360
<v Speaker 7>to the Bay and out of here, and you know,

0:13:10.559 --> 0:13:13.440
<v Speaker 7>shout out to her because you know she I could

0:13:13.440 --> 0:13:15.040
<v Speaker 7>have told her I want to build a staircase to

0:13:15.080 --> 0:13:17.079
<v Speaker 7>the moon and she would start chopping down trees, like

0:13:17.160 --> 0:13:19.080
<v Speaker 7>let's let's start building and uh.

0:13:19.400 --> 0:13:21.680
<v Speaker 8>And so you know, we we took that big leap

0:13:21.720 --> 0:13:22.359
<v Speaker 8>of faith.

0:13:26.320 --> 0:13:29.440
<v Speaker 4>That gets overlooked man, because like, obviously I have a

0:13:29.480 --> 0:13:31.640
<v Speaker 4>wife and it's like, like, how are you able to

0:13:31.720 --> 0:13:33.840
<v Speaker 4>do all these things? And I'm like, YO, strong support,

0:13:34.000 --> 0:13:35.880
<v Speaker 4>no tru support, and believe.

0:13:36.240 --> 0:13:39.400
<v Speaker 7>You know, for me, it's uh, I don't even realize

0:13:39.440 --> 0:13:43.559
<v Speaker 7>to your point how rare it is. I never take

0:13:43.600 --> 0:13:45.719
<v Speaker 7>it for granted. I never take it for granted. And

0:13:45.960 --> 0:13:47.680
<v Speaker 7>shout out to my wife, by the way, what's up,

0:13:48.800 --> 0:13:52.440
<v Speaker 7>you know she and for me it's like, uh, that

0:13:52.600 --> 0:13:54.160
<v Speaker 7>is the only way I'm able to really do it

0:13:54.240 --> 0:13:54.600
<v Speaker 7>now that.

0:13:54.559 --> 0:13:57.160
<v Speaker 8>We're really really in the game tech game, and.

0:13:57.040 --> 0:13:58.679
<v Speaker 7>You know, when we look back on I mean, that

0:13:58.840 --> 0:14:01.920
<v Speaker 7>was you know, five years ago though, which which is crazy,

0:14:01.960 --> 0:14:03.880
<v Speaker 7>where I didn't even know what the thing was and

0:14:03.880 --> 0:14:07.120
<v Speaker 7>and here we are fully immersed and actually doing well.

0:14:07.480 --> 0:14:10.960
<v Speaker 7>And her early support is really what even encouraged me,

0:14:11.040 --> 0:14:12.320
<v Speaker 7>you know what I mean during that time where it's

0:14:12.320 --> 0:14:14.480
<v Speaker 7>like I don't know what I'm I don't know what

0:14:14.559 --> 0:14:16.360
<v Speaker 7>I don't know, but I know I want to get

0:14:16.360 --> 0:14:18.920
<v Speaker 7>into it, and I don't know it either, but let's

0:14:19.040 --> 0:14:21.760
<v Speaker 7>let's go. I believe in you, so, you know, went home,

0:14:21.800 --> 0:14:23.680
<v Speaker 7>and that's when I spent time.

0:14:23.680 --> 0:14:26.240
<v Speaker 8>Learning how to code. We had had a daughter, and I'll.

0:14:26.120 --> 0:14:28.360
<v Speaker 7>Be honest, we was living in my mama garage, you know,

0:14:28.440 --> 0:14:31.320
<v Speaker 7>not the garage, but I was in the garage.

0:14:31.320 --> 0:14:32.120
<v Speaker 4>It sounds better, I was.

0:14:32.280 --> 0:14:34.200
<v Speaker 7>I was coding in the garage. We weren't living in

0:14:34.200 --> 0:14:35.520
<v Speaker 7>the garage, you know what I'm saying. We have no

0:14:35.600 --> 0:14:37.120
<v Speaker 7>infant out there, but we was in the house. But

0:14:37.160 --> 0:14:39.520
<v Speaker 7>I would be in the garage like literally banging out

0:14:39.560 --> 0:14:42.560
<v Speaker 7>code and like learning and teaching myself. So I created

0:14:42.560 --> 0:14:45.280
<v Speaker 7>a curriculum and and for me, it was like I'm

0:14:45.320 --> 0:14:47.200
<v Speaker 7>hearing that people know how to code and this tech

0:14:47.280 --> 0:14:49.760
<v Speaker 7>thing and and like, you know anything, I want to

0:14:50.040 --> 0:14:52.040
<v Speaker 7>put my time and effort into. I want to be

0:14:52.080 --> 0:14:53.960
<v Speaker 7>the best. And so boom we we. I'm like, we're

0:14:54.000 --> 0:14:56.840
<v Speaker 7>going to going to the Bay. We get out there,

0:14:57.000 --> 0:14:59.560
<v Speaker 7>and you know, I got one goal, start a company,

0:14:59.760 --> 0:15:02.120
<v Speaker 7>and and you know, get out there is not a

0:15:02.120 --> 0:15:03.720
<v Speaker 7>lot of me, not a lot of folks that look

0:15:03.840 --> 0:15:06.040
<v Speaker 7>like me. But you know, I'm coming also from Duke,

0:15:06.120 --> 0:15:08.040
<v Speaker 7>so you know, I was, I was, I was okay

0:15:08.120 --> 0:15:08.880
<v Speaker 7>in that environment.

0:15:09.000 --> 0:15:09.840
<v Speaker 8>I could navigate.

0:15:10.360 --> 0:15:10.560
<v Speaker 5>Uh.

0:15:10.600 --> 0:15:12.600
<v Speaker 7>And so I ended up working at a startup because

0:15:12.640 --> 0:15:14.440
<v Speaker 7>I said, you know, before I jump out there and

0:15:14.480 --> 0:15:16.800
<v Speaker 7>try to build something, let me at this point, I

0:15:16.800 --> 0:15:19.160
<v Speaker 7>only had about nine weeks super program and some lines

0:15:19.200 --> 0:15:19.960
<v Speaker 7>of code behind me.

0:15:20.640 --> 0:15:20.920
<v Speaker 8>Uh.

0:15:20.960 --> 0:15:22.440
<v Speaker 7>And so I was like, let me go work at

0:15:22.440 --> 0:15:24.880
<v Speaker 7>a company. And that's where I got hired, actually at

0:15:24.880 --> 0:15:27.880
<v Speaker 7>a company called keep uh in the Bay area, you know,

0:15:27.960 --> 0:15:31.240
<v Speaker 7>your traditional Silicon Valley tech startup. They had raised about

0:15:31.240 --> 0:15:34.480
<v Speaker 7>ten million dollars at that point, and they were actually

0:15:34.520 --> 0:15:36.920
<v Speaker 7>ranked higher than Airbnb at that time.

0:15:36.760 --> 0:15:39.840
<v Speaker 4>And uh, another Silicon Valley.

0:15:39.960 --> 0:15:44.760
<v Speaker 7>Exactly Uh, no, it was it was it was you know,

0:15:44.800 --> 0:15:46.640
<v Speaker 7>shout out to them because they gave me an opportunity.

0:15:46.680 --> 0:15:49.000
<v Speaker 8>Again, I have no experience, but they you know.

0:15:49.000 --> 0:15:51.520
<v Speaker 7>I came on basically entry level on the growth team,

0:15:52.080 --> 0:15:54.920
<v Speaker 7>and within about five or six months, you know, based

0:15:54.920 --> 0:15:57.720
<v Speaker 7>on my performance, I was now in leadership, you know,

0:15:57.800 --> 0:15:59.480
<v Speaker 7>and that was one of the things I loved about

0:15:59.520 --> 0:16:01.480
<v Speaker 7>tech is well, now, there's a lot of issues and

0:16:01.720 --> 0:16:04.880
<v Speaker 7>things that still need to be addressed, but when it

0:16:04.880 --> 0:16:07.960
<v Speaker 7>came to merit based kind of promotion and moving up,

0:16:08.000 --> 0:16:09.479
<v Speaker 7>as long as you're creating.

0:16:09.160 --> 0:16:11.520
<v Speaker 8>Value in that in that company, because.

0:16:11.280 --> 0:16:14.040
<v Speaker 7>Again it's all early stage and you're trying to exist,

0:16:14.280 --> 0:16:16.440
<v Speaker 7>you're building something that has never existed in the world.

0:16:16.520 --> 0:16:20.680
<v Speaker 7>That's my definition of a pure like true tech startup.

0:16:21.040 --> 0:16:23.520
<v Speaker 7>Like an entrepreneur. You can open up a barbershop or

0:16:23.560 --> 0:16:26.360
<v Speaker 7>you know, food truck or whatever, but to be building

0:16:26.400 --> 0:16:28.480
<v Speaker 7>something that hasn't existed in the world. There ain't no

0:16:28.560 --> 0:16:31.040
<v Speaker 7>googling how to do X, y Z, how what's the

0:16:31.040 --> 0:16:31.960
<v Speaker 7>business model for this?

0:16:32.120 --> 0:16:34.440
<v Speaker 3>It's interesting that you say that because in the next

0:16:34.440 --> 0:16:36.520
<v Speaker 3>segment we're going to go into what you're doing now

0:16:37.000 --> 0:16:39.800
<v Speaker 3>and your trailblazing. You're kind of trailblazing your own set.

0:16:40.360 --> 0:16:42.480
<v Speaker 3>But it's a backstory how that came in about. So

0:16:42.520 --> 0:16:44.120
<v Speaker 3>we're going to go into that in the next segment.

0:16:44.640 --> 0:16:47.400
<v Speaker 3>All right, So now he ain't going segment two and

0:16:47.720 --> 0:16:49.680
<v Speaker 3>we're gonna talk about your company, Win Win. But before

0:16:49.680 --> 0:16:52.400
<v Speaker 3>we do that, so all right, we gotta talk about

0:16:52.400 --> 0:16:53.160
<v Speaker 3>fantasy football.

0:16:53.240 --> 0:16:53.360
<v Speaker 4>Right.

0:16:53.400 --> 0:16:55.680
<v Speaker 3>We have briefly talked about fantasy football, but it's a

0:16:55.720 --> 0:16:59.680
<v Speaker 3>billion dollar industry, right, and fantasy sports, well fintasy sports,

0:17:00.320 --> 0:17:03.040
<v Speaker 3>but football is the biggest sport in America. Yeah, and

0:17:03.200 --> 0:17:05.480
<v Speaker 3>so it's the biggest fantasy sport. But yeah, fantasy sports

0:17:05.520 --> 0:17:08.720
<v Speaker 3>in general. So all right, you find out about the

0:17:08.760 --> 0:17:11.280
<v Speaker 3>power of fantasy and then this kind of leads to

0:17:11.320 --> 0:17:13.680
<v Speaker 3>some ideas for you, right, so can you talk about

0:17:13.680 --> 0:17:16.000
<v Speaker 3>that because you kind of told us a story off camera,

0:17:16.080 --> 0:17:18.200
<v Speaker 3>but yeah, it's interesting now for sure.

0:17:18.320 --> 0:17:21.119
<v Speaker 7>So you know, I'm in the bay, I'm in you know,

0:17:21.200 --> 0:17:23.399
<v Speaker 7>working at a company, and again my goal is to

0:17:23.400 --> 0:17:24.119
<v Speaker 7>start a company.

0:17:24.200 --> 0:17:25.159
<v Speaker 8>And I'll just say real.

0:17:25.080 --> 0:17:27.280
<v Speaker 7>Quick, one of the things that changed in my mindset

0:17:27.720 --> 0:17:32.600
<v Speaker 7>being in Silicon Valley was the fact that people approach

0:17:32.760 --> 0:17:35.720
<v Speaker 7>problems differently, right, or they took it further. Anybody and

0:17:35.760 --> 0:17:38.800
<v Speaker 7>everybody usually can identify a problem or pain point something

0:17:38.800 --> 0:17:41.560
<v Speaker 7>they don't like. What I recognized was that people out

0:17:41.560 --> 0:17:44.320
<v Speaker 7>there in particular were taking it further and saying, what

0:17:44.359 --> 0:17:45.320
<v Speaker 7>could I do about that?

0:17:45.480 --> 0:17:45.640
<v Speaker 8>Right?

0:17:45.680 --> 0:17:48.200
<v Speaker 7>How could I solve this pain point just for myself?

0:17:48.800 --> 0:17:51.520
<v Speaker 7>And then turns out millions and billions of people have

0:17:51.600 --> 0:17:54.000
<v Speaker 7>that same pain point. Now you have, you know, a

0:17:54.080 --> 0:17:54.880
<v Speaker 7>company going.

0:17:54.760 --> 0:17:57.879
<v Speaker 5>Same pain point. That's a that's like what does that mean?

0:17:58.160 --> 0:17:58.320
<v Speaker 8>Yeah?

0:17:58.359 --> 0:18:00.840
<v Speaker 7>And that's not like a physical pain I get back hurt.

0:18:00.880 --> 0:18:03.239
<v Speaker 7>I mean that could lead to some innovation, but it's like,

0:18:03.600 --> 0:18:05.640
<v Speaker 7>you know, I don't like how these mics like it's

0:18:05.760 --> 0:18:08.440
<v Speaker 7>you know, I needed to be able to do something else,

0:18:08.480 --> 0:18:10.879
<v Speaker 7>like my back hurting because and like you know, if

0:18:11.160 --> 0:18:13.879
<v Speaker 7>you could, how could I change that versus just you know,

0:18:14.080 --> 0:18:15.200
<v Speaker 7>doing like all right whatever.

0:18:15.200 --> 0:18:16.680
<v Speaker 8>I just got to get used to it.

0:18:16.680 --> 0:18:18.840
<v Speaker 7>It's like, let me look at this microphone, let me

0:18:18.920 --> 0:18:21.040
<v Speaker 7>you know, you start kind of analyzing a little bit

0:18:21.080 --> 0:18:23.000
<v Speaker 7>because this pain point of always having it again.

0:18:23.000 --> 0:18:24.359
<v Speaker 8>I'm just using a round example.

0:18:24.440 --> 0:18:25.240
<v Speaker 5>It is a point.

0:18:26.720 --> 0:18:28.280
<v Speaker 8>You know, there we go, let's let's.

0:18:28.119 --> 0:18:32.959
<v Speaker 9>Let's get the whiteboard out and this thing out, and

0:18:33.000 --> 0:18:35.280
<v Speaker 9>so you know, it's kind of taking that next step

0:18:35.320 --> 0:18:37.800
<v Speaker 9>and saying, Okay, what can how can I how can

0:18:37.840 --> 0:18:40.119
<v Speaker 9>I hack something together just to make it better for me?

0:18:40.400 --> 0:18:43.560
<v Speaker 7>Right, It's usually how it happens, and then you know,

0:18:43.640 --> 0:18:46.679
<v Speaker 7>from there you start to really develop something now. And

0:18:46.720 --> 0:18:49.160
<v Speaker 7>so that was what kind of was new for me

0:18:49.240 --> 0:18:51.720
<v Speaker 7>as I was looking at different problems and a big

0:18:51.760 --> 0:18:54.280
<v Speaker 7>problem that jumped out for me in particular.

0:18:54.320 --> 0:18:56.520
<v Speaker 8>And these pain points are usually specific.

0:18:56.080 --> 0:18:58.399
<v Speaker 7>To your own experience, right, Your pain points may be

0:18:58.440 --> 0:19:00.840
<v Speaker 7>different from mine because we walk a different path or whatever.

0:19:01.280 --> 0:19:03.320
<v Speaker 7>And so for me in particularly when you look back

0:19:03.320 --> 0:19:05.840
<v Speaker 7>at my history, right, I'm a former athlete, and so

0:19:05.960 --> 0:19:09.359
<v Speaker 7>their athletes, current active, former all have a special place

0:19:09.400 --> 0:19:11.600
<v Speaker 7>in my heart because you know, we have that common bond.

0:19:12.200 --> 0:19:15.399
<v Speaker 7>And when I looked at fantasy sports, right, I started

0:19:15.400 --> 0:19:17.639
<v Speaker 7>to learn a lot more about it. I always told people,

0:19:17.720 --> 0:19:21.280
<v Speaker 7>you know, I didn't play fantasy. I play reality, and

0:19:21.400 --> 0:19:24.040
<v Speaker 7>you know, I never was into that. And but what

0:19:24.119 --> 0:19:27.359
<v Speaker 7>I did recognize, you know, particularly in FanDuel and DraftKings,

0:19:27.400 --> 0:19:30.200
<v Speaker 7>you know DFS, which was kind of new compared to

0:19:30.280 --> 0:19:34.240
<v Speaker 7>traditional season long fantasy. You know, I was like, wait,

0:19:34.280 --> 0:19:36.719
<v Speaker 7>these companies are making billions of dollars, right, And at

0:19:36.720 --> 0:19:38.040
<v Speaker 7>the time I was talking to a lot of friends

0:19:38.119 --> 0:19:40.399
<v Speaker 7>in the league asking them, how do you feel about,

0:19:41.280 --> 0:19:45.800
<v Speaker 7>you know, fantasy, And overwhelmingly the answer was I don't

0:19:45.800 --> 0:19:47.560
<v Speaker 7>give a damn about it, you know, because I'm not

0:19:47.640 --> 0:19:51.200
<v Speaker 7>making any money whatsoever. And I learned that the companies

0:19:51.240 --> 0:19:54.760
<v Speaker 7>are making billions of dollars right, and the players plastered

0:19:54.840 --> 0:19:58.800
<v Speaker 7>across their platform aren't getting any money out of that,

0:19:58.920 --> 0:20:00.720
<v Speaker 7>and I just didn't That didn't sit well with me.

0:20:00.800 --> 0:20:02.680
<v Speaker 7>That was the pain point that I was like, all right,

0:20:02.720 --> 0:20:04.760
<v Speaker 7>that's somebody has to fix that.

0:20:04.840 --> 0:20:08.240
<v Speaker 4>I have a pain point that revolves around fantasy sports.

0:20:08.240 --> 0:20:09.400
<v Speaker 4>It involves me losing.

0:20:09.160 --> 0:20:09.760
<v Speaker 5>A lot of monkey.

0:20:11.480 --> 0:20:14.720
<v Speaker 7>Well, you know, we're gonna solve that pain when I'll

0:20:14.760 --> 0:20:17.320
<v Speaker 7>show you exactly how we do that. But uh, you know,

0:20:17.400 --> 0:20:19.280
<v Speaker 7>and that was something where I was like, okay, that's

0:20:19.480 --> 0:20:21.920
<v Speaker 7>that something's not right there. And then on the other side,

0:20:21.960 --> 0:20:24.920
<v Speaker 7>I started to learn about fantasy from the consumer standpoint.

0:20:24.920 --> 0:20:27.719
<v Speaker 8>A lot of guys I was working with were.

0:20:27.080 --> 0:20:30.040
<v Speaker 7>Really into fantasy and they were telling me about I

0:20:30.080 --> 0:20:32.040
<v Speaker 7>started to learn actually why people were playing more or

0:20:32.119 --> 0:20:34.920
<v Speaker 7>less because you're losing money. So you ain't playing for money, right,

0:20:34.920 --> 0:20:37.280
<v Speaker 7>You're playing because it's fun. You can, you know, talk

0:20:37.320 --> 0:20:39.639
<v Speaker 7>smack with the friends, you know, things like that, and

0:20:39.840 --> 0:20:42.639
<v Speaker 7>like a whole culture, right, exactly exactly, and because.

0:20:42.359 --> 0:20:45.240
<v Speaker 4>It's addictive, right, it's addictive, especially like when it was

0:20:45.240 --> 0:20:48.440
<v Speaker 4>the season long one, it was okay, right, you talk trash,

0:20:48.640 --> 0:20:51.920
<v Speaker 4>you know, probably like Monday morning, Tuesday when the week

0:20:52.000 --> 0:20:54.280
<v Speaker 4>is over. But the daily one, it was like, ooh,

0:20:54.320 --> 0:20:56.280
<v Speaker 4>I gotta have my lineup in by seven. I gotta

0:20:56.280 --> 0:20:58.639
<v Speaker 4>have my lineup in by six thirty, or yo, I

0:20:58.680 --> 0:21:01.280
<v Speaker 4>got to have my lineup in for the eight thirty game.

0:21:01.400 --> 0:21:04.879
<v Speaker 4>It was like this never stops. And because it just

0:21:04.880 --> 0:21:05.920
<v Speaker 4>became an addictive thing.

0:21:06.240 --> 0:21:08.639
<v Speaker 8>I mean, it is gambling, yeah, let's be clear, but

0:21:09.560 --> 0:21:10.080
<v Speaker 8>well you.

0:21:10.000 --> 0:21:10.600
<v Speaker 4>Know it is.

0:21:10.800 --> 0:21:14.119
<v Speaker 7>Yeah, it is no way around yeah and now and

0:21:14.160 --> 0:21:18.760
<v Speaker 7>that was where you know, for me, I recognized a problem, right,

0:21:19.080 --> 0:21:22.000
<v Speaker 7>particularly for athletes who weren't getting any value out of

0:21:22.040 --> 0:21:24.240
<v Speaker 7>this thing. I saw that it was highly you know,

0:21:24.480 --> 0:21:28.240
<v Speaker 7>engaged by sports fans, right, and so I said that

0:21:28.400 --> 0:21:32.320
<v Speaker 7>was where the idea for when when even came up, Right,

0:21:32.480 --> 0:21:35.280
<v Speaker 7>I started talking to players, I started talking to the

0:21:35.680 --> 0:21:38.240
<v Speaker 7>consumers the users of these platforms, and I was just

0:21:38.280 --> 0:21:41.199
<v Speaker 7>getting a sense of you know, they're losing money, but

0:21:41.280 --> 0:21:46.119
<v Speaker 7>it's fun. They're competing it's addictive. And I basically proposed

0:21:46.160 --> 0:21:48.000
<v Speaker 7>the question to one of my coworkers one day, and

0:21:48.000 --> 0:21:50.600
<v Speaker 7>I said, what if the money that you're losing, what

0:21:50.680 --> 0:21:53.479
<v Speaker 7>if that money could go to something more impactful, like

0:21:53.520 --> 0:21:57.359
<v Speaker 7>a charity that let's say an athlete cares about. And

0:21:57.480 --> 0:22:00.000
<v Speaker 7>instead of competing to win money out of that pot

0:22:00.240 --> 0:22:02.560
<v Speaker 7>because it's gone to charity, what if you could win

0:22:02.640 --> 0:22:05.040
<v Speaker 7>something that money couldn't buy, right, like a game or

0:22:05.080 --> 0:22:08.399
<v Speaker 7>on autograph jersey or you know, dinner with your favorite player.

0:22:08.400 --> 0:22:10.720
<v Speaker 7>And it was an overwhelming Hell, yeah, I do that,

0:22:10.840 --> 0:22:12.879
<v Speaker 7>you know. And it was like okay. So then I

0:22:12.960 --> 0:22:16.240
<v Speaker 7>go call my my buddies in the league and I say, hey,

0:22:16.400 --> 0:22:18.399
<v Speaker 7>what if I could get your fans? I know you

0:22:18.440 --> 0:22:20.919
<v Speaker 7>care about your charity and your foundation a lot.

0:22:21.080 --> 0:22:21.199
<v Speaker 3>Uh.

0:22:21.359 --> 0:22:23.560
<v Speaker 7>And this was another unique insight that I had because

0:22:23.560 --> 0:22:26.160
<v Speaker 7>I had a foundation as well, and I knew that players,

0:22:26.160 --> 0:22:28.720
<v Speaker 7>we want to use our platform for good whenever possible,

0:22:28.920 --> 0:22:31.800
<v Speaker 7>if it's easy and efficient, right, And so I said,

0:22:31.800 --> 0:22:33.960
<v Speaker 7>what if I can get your fan base to, through

0:22:34.000 --> 0:22:38.560
<v Speaker 7>this game of sorts, support your charity by donating to it.

0:22:38.600 --> 0:22:41.400
<v Speaker 7>Is that valuable enough for you to you know, sign

0:22:41.440 --> 0:22:43.920
<v Speaker 7>a couple of autographs or call somebody on face Simon.

0:22:43.920 --> 0:22:45.600
<v Speaker 8>It's like, yeah, that's easy. You know, we do that

0:22:45.680 --> 0:22:46.960
<v Speaker 8>already through certain things.

0:22:47.000 --> 0:22:49.399
<v Speaker 4>So you have your own five one C three.

0:22:49.880 --> 0:22:50.120
<v Speaker 8>Yeah.

0:22:50.160 --> 0:22:53.120
<v Speaker 7>So outside of like the company and our and we

0:22:53.119 --> 0:22:55.800
<v Speaker 7>we got a for profit and a nonprofit. But before

0:22:55.840 --> 0:22:57.960
<v Speaker 7>I even started when when when I was playing, I

0:22:58.000 --> 0:23:02.040
<v Speaker 7>had a nonprofit called Team Guinea. A good friend of mine,

0:23:02.359 --> 0:23:05.479
<v Speaker 7>Toby Nwigwe probably one of the fastest growing artists right

0:23:05.520 --> 0:23:09.520
<v Speaker 7>now coming out of the SWAT. He and I started

0:23:09.520 --> 0:23:11.919
<v Speaker 7>it with another friend of ours, Jeff, and you know,

0:23:11.960 --> 0:23:15.159
<v Speaker 7>we were you know, making purpose popular was our was

0:23:15.200 --> 0:23:18.240
<v Speaker 7>our mission. So we understood the pain points around trying

0:23:18.240 --> 0:23:22.400
<v Speaker 7>to raise money. So took that experience along with my athlete,

0:23:22.520 --> 0:23:25.840
<v Speaker 7>my athletic background, and that's where we came up with

0:23:25.880 --> 0:23:29.359
<v Speaker 7>this you know concept of win win where I said, okay,

0:23:29.680 --> 0:23:32.840
<v Speaker 7>we're gonna leverage gaming right and we're gonna now drive

0:23:32.920 --> 0:23:35.800
<v Speaker 7>more value to what the players truly care about, right,

0:23:36.080 --> 0:23:40.000
<v Speaker 7>which is their philanthropic efforts. And that was the birth

0:23:40.040 --> 0:23:42.040
<v Speaker 7>of win win and how we how we started that

0:23:42.200 --> 0:23:44.639
<v Speaker 7>was the end of twenty fifteen and I was working

0:23:44.640 --> 0:23:46.679
<v Speaker 7>at a company when I came up with it, and

0:23:46.720 --> 0:23:49.359
<v Speaker 7>so I just started to do market research, and like

0:23:49.359 --> 0:23:52.240
<v Speaker 7>I said, I'm learning how to like what the steps

0:23:52.280 --> 0:23:55.120
<v Speaker 7>are you take to build a company? I'd never known

0:23:55.520 --> 0:23:58.080
<v Speaker 7>so through through Draper, and like at that point I

0:23:58.119 --> 0:24:01.720
<v Speaker 7>had built the network of other founders, particularly black founders

0:24:01.720 --> 0:24:04.240
<v Speaker 7>that I was really like, we were all lifting as

0:24:04.240 --> 0:24:06.359
<v Speaker 7>we climb, you know. I knew even at that time,

0:24:06.400 --> 0:24:08.800
<v Speaker 7>I knew I would see three four founders boom, jump

0:24:08.880 --> 0:24:11.960
<v Speaker 7>out there and go start something. We knew folks like

0:24:12.040 --> 0:24:15.240
<v Speaker 7>you know Deshaun the founder of Maven, you know, shout

0:24:15.240 --> 0:24:18.760
<v Speaker 7>out to DeShawn. He you know, a brother out of Oakland,

0:24:18.800 --> 0:24:21.600
<v Speaker 7>you know, is running Mavin, one of the largest hairwave

0:24:21.760 --> 0:24:25.040
<v Speaker 7>kind of tech companies uh in the in the world probably,

0:24:25.119 --> 0:24:27.439
<v Speaker 7>And so you know, to see guys like that just

0:24:27.560 --> 0:24:29.840
<v Speaker 7>continuing to push the envelope.

0:24:29.600 --> 0:24:31.679
<v Speaker 8>You know, really motivated me. And so I was like,

0:24:31.800 --> 0:24:33.000
<v Speaker 8>this is this is why we're here.

0:24:33.200 --> 0:24:35.040
<v Speaker 7>I was actually my wife, I should say, it was

0:24:35.080 --> 0:24:37.720
<v Speaker 7>getting comfortable with kind of that tech check and uh,

0:24:38.160 --> 0:24:39.840
<v Speaker 7>you know, we were in the bay, you know, living

0:24:39.880 --> 0:24:41.800
<v Speaker 7>that living that life, and it was like, that's gonna

0:24:41.840 --> 0:24:43.919
<v Speaker 7>have to stop because it's time to get active.

0:24:44.040 --> 0:24:46.120
<v Speaker 3>So you have you have an idea. But one quick

0:24:46.119 --> 0:24:49.400
<v Speaker 3>thing about fantasy. You has said one percent of fantasy

0:24:49.440 --> 0:24:51.359
<v Speaker 3>players win ninety percent of the money.

0:24:51.400 --> 0:24:51.840
<v Speaker 5>Is that true?

0:24:51.920 --> 0:24:53.840
<v Speaker 7>Yeah, So in that in that research that I was

0:24:53.880 --> 0:24:57.240
<v Speaker 7>doing less than one percent at least at that time,

0:24:57.400 --> 0:24:59.800
<v Speaker 7>right this is twenty fifteen, when you again you couldn't

0:24:59.800 --> 0:25:02.560
<v Speaker 7>get a away from a FanDuel of DraftKings ad. You know,

0:25:02.760 --> 0:25:05.600
<v Speaker 7>less than one percent of the users on those platforms

0:25:05.640 --> 0:25:09.280
<v Speaker 7>were winning over ninety eight percent of the money. And

0:25:09.280 --> 0:25:11.600
<v Speaker 7>again that was for me, it was mind boggling that

0:25:11.720 --> 0:25:14.879
<v Speaker 7>you know, you're just continuing to lose money while you playing.

0:25:14.960 --> 0:25:16.760
<v Speaker 7>And that was where I started to dig into what

0:25:16.880 --> 0:25:18.879
<v Speaker 7>the real kind of so we you know, for us,

0:25:18.920 --> 0:25:21.159
<v Speaker 7>we want to pull out the best parts of gaming

0:25:21.200 --> 0:25:22.920
<v Speaker 7>and gambling and combine.

0:25:22.560 --> 0:25:23.080
<v Speaker 8>It with giving.

0:25:23.119 --> 0:25:25.679
<v Speaker 7>But that was kind of the data I was learning.

0:25:25.760 --> 0:25:28.120
<v Speaker 7>And then you start to learn about the algorithms that

0:25:28.240 --> 0:25:31.080
<v Speaker 7>the scripts that people are writing. They can create, you know,

0:25:31.200 --> 0:25:33.960
<v Speaker 7>a thousand lineups just like that, you know, and they

0:25:33.960 --> 0:25:38.040
<v Speaker 7>can bankroll the actual tournament by you know, being able

0:25:38.080 --> 0:25:40.119
<v Speaker 7>to cover all those entry fees knowing that they're going

0:25:40.200 --> 0:25:42.880
<v Speaker 7>to take everybody's money. We're calling them sharks, where they're

0:25:42.880 --> 0:25:45.840
<v Speaker 7>coming in and scooping up all the menos probably right.

0:25:46.000 --> 0:25:49.560
<v Speaker 4>Yeah, listen, man, one, I'm telling you. One day, I

0:25:49.640 --> 0:25:52.840
<v Speaker 4>literally went through every game that I had lost and

0:25:53.040 --> 0:25:55.240
<v Speaker 4>saw the same names, and I just compiled a list

0:25:55.280 --> 0:25:57.920
<v Speaker 4>of twenty people and I called my boy up, Larry.

0:25:58.000 --> 0:25:59.200
<v Speaker 4>Out to Larry, he's.

0:25:59.000 --> 0:26:01.440
<v Speaker 5>Another guy who does Fanta fantasy legend.

0:26:01.560 --> 0:26:04.160
<v Speaker 4>Fantasy leg is a fantasy legend. Actually he actually did

0:26:04.200 --> 0:26:07.200
<v Speaker 4>win some money. But it's the thought that I could

0:26:07.200 --> 0:26:09.400
<v Speaker 4>win because like you might get, like you go into

0:26:09.400 --> 0:26:13.120
<v Speaker 4>these low level entry games is gambling two dollars games

0:26:13.160 --> 0:26:16.440
<v Speaker 4>and you might win one hundred dollars. I actually want

0:26:16.480 --> 0:26:20.520
<v Speaker 4>a few times. But in the long run, right, those

0:26:20.560 --> 0:26:23.800
<v Speaker 4>sharks they always flood the rooms, So it's like, you

0:26:23.800 --> 0:26:25.680
<v Speaker 4>know what, I can't beat them.

0:26:25.600 --> 0:26:29.920
<v Speaker 3>Because the sharks always eat fish. Yeah, in life, you're

0:26:29.960 --> 0:26:31.080
<v Speaker 3>either a shark or your fish.

0:26:31.119 --> 0:26:36.840
<v Speaker 4>I was a gold fish. I definitely quick, real quick.

0:26:37.080 --> 0:26:39.160
<v Speaker 5>So let me ask you this, all right, So, okay,

0:26:39.240 --> 0:26:40.040
<v Speaker 5>so you actually.

0:26:39.800 --> 0:26:42.280
<v Speaker 3>Have a really good idea where you you like you said,

0:26:42.400 --> 0:26:45.239
<v Speaker 3>you you take the the best part of if there

0:26:45.320 --> 0:26:47.480
<v Speaker 3>is the best part of gambling, you take the best

0:26:47.480 --> 0:26:50.080
<v Speaker 3>part of gambling, and you take charity, which is always

0:26:50.119 --> 0:26:52.960
<v Speaker 3>a good thing, and you kind of cambind it with sports,

0:26:53.000 --> 0:26:56.159
<v Speaker 3>which everybody loves and you're having center bonuses. It's a

0:26:56.160 --> 0:26:59.600
<v Speaker 3>really good idea, right, So what's the next step as

0:26:59.600 --> 0:27:02.159
<v Speaker 3>far as putting together? Were gonna talk about funding in

0:27:02.160 --> 0:27:04.520
<v Speaker 3>the next segment, but before we've been talking about funding

0:27:05.160 --> 0:27:07.600
<v Speaker 3>because you said you didn't have any background and building

0:27:07.600 --> 0:27:09.719
<v Speaker 3>a business. You went to Draper University. That helped out

0:27:09.720 --> 0:27:11.719
<v Speaker 3>a lot. So what steps did you take to actually

0:27:11.760 --> 0:27:14.639
<v Speaker 3>build out the platform? And obviously you loved your relationship

0:27:14.640 --> 0:27:16.480
<v Speaker 3>with the players in the league, So how did that

0:27:16.520 --> 0:27:19.080
<v Speaker 3>look as far as your business plan and actually putting

0:27:19.080 --> 0:27:19.560
<v Speaker 3>that together?

0:27:19.840 --> 0:27:20.959
<v Speaker 8>Yeah, no, great questions.

0:27:21.000 --> 0:27:24.000
<v Speaker 7>So you know, for me again, when I moved out

0:27:24.000 --> 0:27:27.160
<v Speaker 7>there in August twenty fourteen or June twenty fourteen, there

0:27:27.200 --> 0:27:29.360
<v Speaker 7>was one goal. So even as I was working at

0:27:29.400 --> 0:27:33.760
<v Speaker 7>that company, I'm gleaning as much knowledge and information as

0:27:33.800 --> 0:27:35.040
<v Speaker 7>I can, like, hey, how did y'all you.

0:27:35.000 --> 0:27:37.080
<v Speaker 8>Know, who's y'all's lawyers? Like who did y'all say? Who

0:27:37.119 --> 0:27:37.720
<v Speaker 8>set this up?

0:27:37.760 --> 0:27:40.800
<v Speaker 7>And you know, just building a network of other founders

0:27:41.040 --> 0:27:44.120
<v Speaker 7>that were you know, far ahead, you know, just started

0:27:44.200 --> 0:27:46.280
<v Speaker 7>you know, other people that had ideas and it was

0:27:46.359 --> 0:27:48.240
<v Speaker 7>just like, so what did y'all do? Because again, the

0:27:48.280 --> 0:27:50.520
<v Speaker 7>thing is it ain't no Google for this stuff. Now,

0:27:50.600 --> 0:27:53.280
<v Speaker 7>you know there's some information out there for sure, blog posts,

0:27:53.640 --> 0:27:56.040
<v Speaker 7>different things. But you know what I was mentioned in

0:27:56.080 --> 0:27:59.679
<v Speaker 7>earlier is like a tech entrepreneur is very different from

0:27:59.680 --> 0:28:03.760
<v Speaker 7>a recor entrepreneur typically because you know, entrepreneurship is broad.

0:28:03.800 --> 0:28:05.879
<v Speaker 7>You could go, you know, open up a food truck

0:28:05.960 --> 0:28:09.000
<v Speaker 7>or barbershop and you're an entrepreneur and that's more power

0:28:09.040 --> 0:28:11.919
<v Speaker 7>to you. When you're tech entrepreneur is a little different

0:28:11.960 --> 0:28:15.080
<v Speaker 7>typically because you're creating something a technology that has not

0:28:15.200 --> 0:28:17.680
<v Speaker 7>existed in the world yet, right, And so there is

0:28:17.680 --> 0:28:20.040
<v Speaker 7>like you can look up all the literature you can

0:28:20.520 --> 0:28:22.879
<v Speaker 7>on you know, the business model for a barbershop and

0:28:22.880 --> 0:28:24.680
<v Speaker 7>where you get the clippers and how much you're charging

0:28:24.720 --> 0:28:26.760
<v Speaker 7>boothrin and all these things, and that's great, right, that

0:28:27.119 --> 0:28:30.920
<v Speaker 7>roadmap is there. When you're building something that hasn't existed,

0:28:30.960 --> 0:28:33.120
<v Speaker 7>that that's not there, so all you can really do.

0:28:33.320 --> 0:28:35.679
<v Speaker 7>And I talk a lot about these data points that

0:28:35.720 --> 0:28:38.560
<v Speaker 7>I call them, and it's really insights. It's conversations that

0:28:38.640 --> 0:28:41.400
<v Speaker 7>you're having with different people. And for me, I want

0:28:41.440 --> 0:28:43.080
<v Speaker 7>to be a founder. I want to start a company,

0:28:43.360 --> 0:28:45.720
<v Speaker 7>so I'm going to ask and talk to other founders

0:28:45.720 --> 0:28:48.120
<v Speaker 7>and see what they went through, how they're doing different things.

0:28:48.120 --> 0:28:50.800
<v Speaker 7>Now it's going to be very different for me, likely

0:28:50.840 --> 0:28:54.200
<v Speaker 7>because we're running totally different companies, right because what they're

0:28:54.200 --> 0:28:55.280
<v Speaker 7>building hasn't existed.

0:28:55.320 --> 0:28:56.680
<v Speaker 8>What I'm building hasn't existed.

0:28:57.080 --> 0:29:00.520
<v Speaker 7>And so I'm taking these very relevant data points, right,

0:29:00.560 --> 0:29:02.440
<v Speaker 7>So I'm not talking to some guy that's you know,

0:29:02.520 --> 0:29:05.600
<v Speaker 7>doing something in you know, West Palm Beach, Florida, that

0:29:05.680 --> 0:29:07.560
<v Speaker 7>you know, it's not relevant to tell me what I

0:29:07.560 --> 0:29:10.080
<v Speaker 7>should do to start win when I'm talking to folks

0:29:10.160 --> 0:29:12.560
<v Speaker 7>in the midst of it all. And so I was

0:29:12.720 --> 0:29:15.680
<v Speaker 7>just cleaning that information. And really, those data points allow

0:29:15.720 --> 0:29:18.000
<v Speaker 7>you to make the best decision, the best informed decision

0:29:18.040 --> 0:29:20.560
<v Speaker 7>you can. So you know who what's the first hire

0:29:20.600 --> 0:29:22.880
<v Speaker 7>I should make, or you know, how do I set

0:29:22.960 --> 0:29:25.080
<v Speaker 7>up a pitch deck, what's the story of the of

0:29:25.160 --> 0:29:27.400
<v Speaker 7>the company, how do I set up the business model?

0:29:27.640 --> 0:29:27.720
<v Speaker 4>Right?

0:29:27.800 --> 0:29:30.200
<v Speaker 7>None of this stuff existed, and so you have to

0:29:30.240 --> 0:29:32.120
<v Speaker 7>make You have to make the best decisions you can.

0:29:32.200 --> 0:29:33.040
<v Speaker 8>That's why there's.

0:29:33.160 --> 0:29:37.600
<v Speaker 7>A ton of mistakes that are made, and those data points.

0:29:37.760 --> 0:29:40.680
<v Speaker 7>Surrounding yourself around with great advisors, people that have done

0:29:40.680 --> 0:29:43.640
<v Speaker 7>this successfully helps you. You're never gonna be perfect but

0:29:43.680 --> 0:29:46.040
<v Speaker 7>it definitely helps you minimize the number of mistakes because

0:29:46.080 --> 0:29:48.440
<v Speaker 7>if you can minimize the mistakes, you have a much

0:29:48.560 --> 0:29:52.520
<v Speaker 7>higher chance of reaching success. And that's what I learned

0:29:52.520 --> 0:29:55.360
<v Speaker 7>in the first few years of any company. It's really

0:29:55.400 --> 0:29:57.760
<v Speaker 7>not about reaching success, it's about survival.

0:29:57.800 --> 0:29:59.760
<v Speaker 4>How many people are on the team.

0:30:00.080 --> 0:30:02.960
<v Speaker 8>I got five people right now and through that process.

0:30:03.000 --> 0:30:04.680
<v Speaker 4>So what was the selection process for them? Was it

0:30:04.720 --> 0:30:07.080
<v Speaker 4>people that you knew or you sought these people because

0:30:07.320 --> 0:30:09.040
<v Speaker 4>you saw or knew the history of their work.

0:30:09.480 --> 0:30:12.520
<v Speaker 7>So a lot of the early hires, you know, they

0:30:12.560 --> 0:30:15.920
<v Speaker 7>come through referrals, right because other people like love what

0:30:15.960 --> 0:30:18.000
<v Speaker 7>you're doing, and they may know people. That's usually the

0:30:18.040 --> 0:30:21.120
<v Speaker 7>best form of finding a great hire because people that

0:30:21.160 --> 0:30:24.440
<v Speaker 7>you're close with came highly recommend you know, can highly

0:30:24.480 --> 0:30:28.160
<v Speaker 7>recommend somebody, I'll be honest. One of the big learning

0:30:28.200 --> 0:30:31.360
<v Speaker 7>curves for me and starting Win Win and happened very

0:30:31.360 --> 0:30:35.920
<v Speaker 7>early on. It's a very expensive lesson was hiring. And

0:30:35.920 --> 0:30:37.760
<v Speaker 7>that was the thing that you know, I didn't have

0:30:37.800 --> 0:30:40.080
<v Speaker 7>a process in place at first, and I didn't go

0:30:40.120 --> 0:30:42.120
<v Speaker 7>through the proper procedures.

0:30:41.520 --> 0:30:42.400
<v Speaker 8>To really vet them.

0:30:42.440 --> 0:30:45.360
<v Speaker 7>I literally hired like two or three people because they

0:30:45.360 --> 0:30:47.320
<v Speaker 7>went to do and like that that was it.

0:30:47.880 --> 0:30:48.480
<v Speaker 8>You went to duke.

0:30:48.520 --> 0:30:51.600
<v Speaker 4>Oh, Okaymni.

0:30:52.680 --> 0:30:53.440
<v Speaker 8>We're out here though.

0:30:53.480 --> 0:30:56.240
<v Speaker 7>But you know, and it was more or less that

0:30:56.280 --> 0:30:58.280
<v Speaker 7>we weren't ready to have I mean, we had ten

0:30:58.320 --> 0:31:01.480
<v Speaker 7>people full time pretty much for we ever even launched

0:31:01.480 --> 0:31:03.680
<v Speaker 7>the thing, and we went in with a lot of

0:31:03.720 --> 0:31:06.760
<v Speaker 7>assumption so that the hiring process is key.

0:31:07.200 --> 0:31:10.080
<v Speaker 8>And now you know, we learned it was a very.

0:31:09.800 --> 0:31:12.280
<v Speaker 7>Hard lesson to learn, an expensive lesson because you know,

0:31:12.560 --> 0:31:15.800
<v Speaker 7>we're paying Silicon Valley salaries too, and uh and that

0:31:15.840 --> 0:31:19.960
<v Speaker 7>ain't no joke. And so you know, change course, you know,

0:31:20.120 --> 0:31:22.520
<v Speaker 7>corrected it, and now we're going we're literally in that

0:31:22.560 --> 0:31:25.320
<v Speaker 7>process now that we've moved back to Houston. We got

0:31:25.320 --> 0:31:28.040
<v Speaker 7>we got recruited to move to Houston and be a

0:31:28.080 --> 0:31:30.360
<v Speaker 7>part of Houston's tech boom that's happening now.

0:31:30.840 --> 0:31:32.640
<v Speaker 8>Uh and so we're thrilled about that.

0:31:32.720 --> 0:31:35.680
<v Speaker 7>And so now we're implementing a real, real thorough process,

0:31:35.880 --> 0:31:38.120
<v Speaker 7>you know, in vetting people, making sure and we have

0:31:38.160 --> 0:31:40.120
<v Speaker 7>a much better understanding of what we actually need too

0:31:40.120 --> 0:31:42.120
<v Speaker 7>because we've been doing it. So now we have a

0:31:42.240 --> 0:31:44.760
<v Speaker 7>very clear road map. We have governance, We have board

0:31:44.760 --> 0:31:47.400
<v Speaker 7>members folks that weigh in on these decisions. So but

0:31:47.440 --> 0:31:49.120
<v Speaker 7>you gotta you gotta get to that point. And so

0:31:50.400 --> 0:31:53.920
<v Speaker 7>it's a very very tough road. And I applaud anybody,

0:31:54.000 --> 0:31:56.480
<v Speaker 7>any entrepreneur. First of all, Right, just because there is

0:31:56.520 --> 0:31:58.240
<v Speaker 7>a road map doesn't mean it's gonna be an easy

0:31:58.320 --> 0:32:01.520
<v Speaker 7>way to get there. But actually those that are building

0:32:01.600 --> 0:32:04.280
<v Speaker 7>something that hasn't existed, right, who have to create that

0:32:04.440 --> 0:32:07.120
<v Speaker 7>road map and then worry about somebody else, you know,

0:32:07.200 --> 0:32:10.000
<v Speaker 7>trying to take over and beat you out. So a

0:32:10.000 --> 0:32:12.480
<v Speaker 7>lot of respect for anybody that's gone through that process

0:32:12.480 --> 0:32:14.680
<v Speaker 7>because it is it a taxing one for sure.

0:32:14.880 --> 0:32:19.800
<v Speaker 3>Governance very good word, very key word to understand in business,

0:32:19.960 --> 0:32:21.440
<v Speaker 3>Very very key word to understand business.

0:32:21.440 --> 0:32:21.800
<v Speaker 5>All right.

0:32:21.880 --> 0:32:26.800
<v Speaker 3>So so okay, so can we talk about how you've

0:32:26.880 --> 0:32:30.640
<v Speaker 3>leveraged your relationships because so a lot of times people

0:32:30.640 --> 0:32:33.400
<v Speaker 3>are putt in situations and they don't fully maximize their relationships, right,

0:32:33.920 --> 0:32:36.200
<v Speaker 3>and this is key to anything. You can work in Walmart,

0:32:36.560 --> 0:32:38.320
<v Speaker 3>but you have a relationship with somebody, So you with

0:32:38.480 --> 0:32:41.320
<v Speaker 3>NFL in an NFL, but you didn't squander your time

0:32:41.320 --> 0:32:43.480
<v Speaker 3>in the NFL. You build key relationships and now you're

0:32:43.560 --> 0:32:46.120
<v Speaker 3>using the relationships to help in your business. Right, So

0:32:46.480 --> 0:32:48.480
<v Speaker 3>you talk about that because obviously. I think that that's

0:32:48.680 --> 0:32:51.440
<v Speaker 3>a key component as far as the success of what

0:32:51.480 --> 0:32:52.120
<v Speaker 3>you're planning with.

0:32:52.160 --> 0:32:53.920
<v Speaker 4>You have the ability to do things that the average

0:32:53.920 --> 0:32:54.480
<v Speaker 4>person doesn't.

0:32:54.600 --> 0:32:55.480
<v Speaker 8>Yeah, no, for sure.

0:32:55.600 --> 0:32:58.440
<v Speaker 7>And you know, I think one thing I always remember

0:32:58.720 --> 0:33:01.400
<v Speaker 7>learning learning at ducat at is that your your network

0:33:01.480 --> 0:33:01.880
<v Speaker 7>is your.

0:33:01.720 --> 0:33:02.640
<v Speaker 8>Net worth, right.

0:33:02.720 --> 0:33:06.880
<v Speaker 7>And I've always taken approaching And it wasn't until recently

0:33:06.880 --> 0:33:08.960
<v Speaker 7>where I was reading a book called Give and Take

0:33:09.200 --> 0:33:12.200
<v Speaker 7>by Adam Grant, and it's a phenomenal book that talks

0:33:12.240 --> 0:33:16.440
<v Speaker 7>about you know your relationships and you know who you are.

0:33:16.480 --> 0:33:18.560
<v Speaker 8>Are you a giver or you're a taker? Right?

0:33:18.640 --> 0:33:20.800
<v Speaker 7>And for me, I realized that I've been a giver

0:33:21.280 --> 0:33:24.640
<v Speaker 7>because when I talk about like networking, you think about

0:33:24.640 --> 0:33:26.920
<v Speaker 7>somebody who's like, I'm going to network or I'm going

0:33:27.000 --> 0:33:29.200
<v Speaker 7>to meet somebody really just looking to see what I

0:33:29.200 --> 0:33:32.480
<v Speaker 7>can get out of them, right, and I usue them coming.

0:33:32.960 --> 0:33:35.000
<v Speaker 7>And I've noticed it's by myself. I want to fear

0:33:35.040 --> 0:33:36.840
<v Speaker 7>how can I help you? You know what I mean? Like,

0:33:36.920 --> 0:33:40.920
<v Speaker 7>I look to build very authentic relationships, right, I don't

0:33:40.960 --> 0:33:43.000
<v Speaker 7>want nothing from you, Right, I'm grind and trying to

0:33:43.000 --> 0:33:45.560
<v Speaker 7>make it happen myself. I don't want to come in

0:33:45.600 --> 0:33:47.840
<v Speaker 7>and just be trying to extract value. I always want

0:33:47.840 --> 0:33:49.760
<v Speaker 7>to add value. And so even when it came to

0:33:50.320 --> 0:33:52.920
<v Speaker 7>the players right as I like, I got a handful

0:33:52.960 --> 0:33:55.200
<v Speaker 7>of players that I remember talking to during that time,

0:33:56.000 --> 0:33:59.040
<v Speaker 7>and you know, I'm just it's really like it was

0:33:59.680 --> 0:34:03.120
<v Speaker 7>a bad back and forth, like real just authentic conversations

0:34:03.160 --> 0:34:05.560
<v Speaker 7>about man, this tech thing is crazy, Like I'm literally

0:34:05.640 --> 0:34:07.240
<v Speaker 7>in the middle of it, and they're like, man, like,

0:34:07.320 --> 0:34:09.840
<v Speaker 7>tell me about that. And so we're just having these conversations.

0:34:10.120 --> 0:34:11.880
<v Speaker 7>It wasn't like I was hitting them up with a

0:34:12.080 --> 0:34:15.120
<v Speaker 7>direct you know, motive, like hey need you, I need

0:34:15.120 --> 0:34:15.719
<v Speaker 7>to leverage you.

0:34:15.760 --> 0:34:17.200
<v Speaker 8>That's the only reason I'm calling you.

0:34:17.239 --> 0:34:20.960
<v Speaker 7>Like, I have authentic relationships with these guys that you know, again,

0:34:21.000 --> 0:34:23.640
<v Speaker 7>we talk about life and all these things. So when

0:34:23.680 --> 0:34:26.440
<v Speaker 7>it came time to talk about when when and develop

0:34:26.520 --> 0:34:29.680
<v Speaker 7>and even including them in the development of that idea.

0:34:30.400 --> 0:34:32.839
<v Speaker 8>You know, it was it was a natural, you.

0:34:32.800 --> 0:34:34.680
<v Speaker 7>Know, a fit for them to say, yeah, bro, like

0:34:35.000 --> 0:34:37.960
<v Speaker 7>let me know, like I'll definitely host a tournament or whatever,

0:34:38.040 --> 0:34:39.000
<v Speaker 7>you know, whatever you need.

0:34:39.280 --> 0:34:40.759
<v Speaker 8>That sounds dope, you know what I mean.

0:34:40.840 --> 0:34:44.160
<v Speaker 7>And so it's building those relationships, and you know, my

0:34:44.239 --> 0:34:46.600
<v Speaker 7>whole thing is We want to add value even from

0:34:46.640 --> 0:34:48.600
<v Speaker 7>the business, not even just me personally. I guess that

0:34:48.760 --> 0:34:51.799
<v Speaker 7>goes into the business, but you know, we want to

0:34:51.800 --> 0:34:54.160
<v Speaker 7>be adding value to all the partners that we work with.

0:34:54.200 --> 0:34:58.160
<v Speaker 7>And we were starting with athletes, right, but I've now

0:34:58.200 --> 0:35:00.960
<v Speaker 7>been talking about this expansion map that we've already laid

0:35:00.960 --> 0:35:03.120
<v Speaker 7>out and have already begun to where we're now going

0:35:03.160 --> 0:35:07.640
<v Speaker 7>to start working with entertainers, artists, influencers, teams, universities. We

0:35:07.719 --> 0:35:10.759
<v Speaker 7>really built win when as a platform that will help

0:35:10.800 --> 0:35:14.920
<v Speaker 7>any entity of influence mobilize an audience in supportive of cause.

0:35:15.360 --> 0:35:19.759
<v Speaker 4>You know, so one win Obviously, fantasy is huge in

0:35:19.760 --> 0:35:24.280
<v Speaker 4>the NFL, but you are you crossing over to other sports.

0:35:24.440 --> 0:35:26.040
<v Speaker 8>So we you know, today we have one hundred and

0:35:26.080 --> 0:35:28.840
<v Speaker 8>fifty athletes across the NFL and NBA.

0:35:29.280 --> 0:35:31.520
<v Speaker 7>And to be clear, we've been in our beta phase,

0:35:31.560 --> 0:35:34.680
<v Speaker 7>so we've been very much so under the radar, you know,

0:35:34.760 --> 0:35:36.640
<v Speaker 7>testing making sure. That was one of the things that

0:35:36.680 --> 0:35:39.440
<v Speaker 7>I learned in this kind of tech flow, right, is

0:35:39.480 --> 0:35:41.920
<v Speaker 7>that you got to you gotta secure what they call

0:35:42.000 --> 0:35:44.920
<v Speaker 7>product market fit, right because in your mind it's, oh man,

0:35:44.960 --> 0:35:47.719
<v Speaker 7>it's a perfect idea, right, and then you know you

0:35:47.840 --> 0:35:50.000
<v Speaker 7>may even do some surveys or asks me, would you

0:35:50.000 --> 0:35:51.240
<v Speaker 7>buy this if this was available?

0:35:51.280 --> 0:35:51.400
<v Speaker 2>Oh?

0:35:51.440 --> 0:35:53.640
<v Speaker 8>Yeah, for sure. But soon as that, soon as that

0:35:53.680 --> 0:35:54.800
<v Speaker 8>paywall come up.

0:35:54.880 --> 0:35:57.240
<v Speaker 5>In the credit card, what had happened?

0:36:00.239 --> 0:36:02.319
<v Speaker 4>What's up? You ever walk into a small business and

0:36:02.360 --> 0:36:05.880
<v Speaker 4>everything just works like The checkout is fast, the receipts

0:36:05.880 --> 0:36:09.440
<v Speaker 4>are digital, tipping is a breeze, and you're out the

0:36:09.480 --> 0:36:13.560
<v Speaker 4>door before the line even builds odds are they're using Square.

0:36:14.040 --> 0:36:16.640
<v Speaker 4>We love supporting businesses that run on Square because it

0:36:16.760 --> 0:36:19.719
<v Speaker 4>just feels seamless. Whether it's a local coffee shop, a

0:36:19.800 --> 0:36:22.239
<v Speaker 4>vendor at a pop up market, or even one of

0:36:22.280 --> 0:36:25.360
<v Speaker 4>our merch partners. Square makes it easy for them to

0:36:25.440 --> 0:36:29.239
<v Speaker 4>take payments, manage inventory, and run their business with confidence,

0:36:29.600 --> 0:36:32.920
<v Speaker 4>all from one simple system. If you're a business owner

0:36:33.120 --> 0:36:36.520
<v Speaker 4>or even just thinking about launching something soon, Square is

0:36:36.600 --> 0:36:38.640
<v Speaker 4>hands down one of the best tools out there to

0:36:38.719 --> 0:36:42.640
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0:36:43.040 --> 0:36:45.680
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0:36:45.719 --> 0:36:48.440
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<v Speaker 4>transform your business, visit Square dot com, backslash, go backslash

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0:37:08.360 --> 0:37:10.600
<v Speaker 4>This episode is brought to you by P and C Bank.

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0:38:49.080 --> 0:38:52.560
<v Speaker 7>And so now you didn't know went out and invested

0:38:52.600 --> 0:38:54.800
<v Speaker 7>in all kind of stuff to build this thing without

0:38:54.800 --> 0:38:57.680
<v Speaker 7>ever really properly testing it in the market live, you

0:38:57.719 --> 0:38:59.680
<v Speaker 7>know what I mean. And so we had to really

0:38:59.760 --> 0:39:02.600
<v Speaker 7>go that rigorous testing process and shout out to our

0:39:02.600 --> 0:39:06.040
<v Speaker 7>early players because we couldn't guarantee what was going to

0:39:06.080 --> 0:39:08.440
<v Speaker 7>happen with their tournament in terms of like we can't say, oh,

0:39:08.440 --> 0:39:10.319
<v Speaker 7>you're gonna raise you know, one hundred thousand dollars for

0:39:10.400 --> 0:39:12.520
<v Speaker 7>your charity, like we don't know, because we were like

0:39:12.680 --> 0:39:15.439
<v Speaker 7>testing this thing out. And so you know, these guys

0:39:15.480 --> 0:39:18.480
<v Speaker 7>actually ended up becoming investors because they saw like the grind.

0:39:18.480 --> 0:39:21.880
<v Speaker 7>They saw the trajectory and uh, you know, so we're

0:39:22.200 --> 0:39:26.440
<v Speaker 7>expanding across all sports. Very soon, we'll be scaling vertically

0:39:26.480 --> 0:39:29.319
<v Speaker 7>to now working with you know, Spike Lee could host

0:39:29.320 --> 0:39:31.920
<v Speaker 7>a win win tournament for NBA. Pick them, you know,

0:39:32.000 --> 0:39:34.759
<v Speaker 7>you join, donate to Spike's charity of choice, and now

0:39:34.760 --> 0:39:35.399
<v Speaker 7>you get to win.

0:39:35.719 --> 0:39:36.960
<v Speaker 8>You know, of course, I see to.

0:39:36.920 --> 0:39:41.360
<v Speaker 3>The or like a phil Ivy, he's like the world's

0:39:41.360 --> 0:39:46.160
<v Speaker 3>greatest poker plays black, so he do like like a

0:39:46.200 --> 0:39:49.239
<v Speaker 3>World Series of Poker, but for charity something like that,

0:39:49.360 --> 0:39:50.120
<v Speaker 3>you know what I mean, something like that?

0:39:50.440 --> 0:39:50.640
<v Speaker 8>Yeah.

0:39:50.920 --> 0:39:56.319
<v Speaker 4>Is it a traditional fantasy format where performances based on

0:39:56.360 --> 0:40:00.120
<v Speaker 4>a skill I mean, on a scoring point system and

0:40:00.160 --> 0:40:02.120
<v Speaker 4>then at the end, whoever has the most points because

0:40:02.160 --> 0:40:05.120
<v Speaker 4>it gets the is the winner or do we do

0:40:05.200 --> 0:40:07.480
<v Speaker 4>like head to head or is the twenty style?

0:40:07.920 --> 0:40:08.480
<v Speaker 8>Great question?

0:40:08.560 --> 0:40:11.440
<v Speaker 7>So, first, to be clear, it's not what people would

0:40:11.480 --> 0:40:13.840
<v Speaker 7>consider or most people would think of fantasy. It's not

0:40:13.960 --> 0:40:16.839
<v Speaker 7>daily fantasy, it's not FanDuel DraftKings. In terms of the game,

0:40:17.160 --> 0:40:20.120
<v Speaker 7>we like to call it fantasy style game. So it's

0:40:20.440 --> 0:40:23.080
<v Speaker 7>you're making predictions essentially of who's gonna win the game.

0:40:23.200 --> 0:40:26.360
<v Speaker 7>So in short, how it works is you know, players

0:40:26.400 --> 0:40:29.000
<v Speaker 7>hosting a win win tournament, promoting it off to fans

0:40:29.040 --> 0:40:31.440
<v Speaker 7>when they come to the platform, click the link in

0:40:31.440 --> 0:40:34.120
<v Speaker 7>the bio they come, and then they're joining the tournament

0:40:34.120 --> 0:40:36.960
<v Speaker 7>by simply predicting who they think is gonna win. You

0:40:36.960 --> 0:40:41.360
<v Speaker 7>know this upcoming weekend's games, right, there's sixteen seventeen games

0:40:41.400 --> 0:40:43.120
<v Speaker 7>on any given week in the NFL, So you're just

0:40:43.120 --> 0:40:46.759
<v Speaker 7>literally predicting the winners, nothing else, and you're everybody who

0:40:46.880 --> 0:40:49.160
<v Speaker 7>joins that tournament. We're all on a leader board and

0:40:49.200 --> 0:40:52.680
<v Speaker 7>we're ranked based on the accuracy of those picks that

0:40:52.719 --> 0:40:56.239
<v Speaker 7>we've made. And upon joining, you're then given an opportunity

0:40:56.280 --> 0:40:59.120
<v Speaker 7>to make a donation fully tax deductible to the players

0:40:59.200 --> 0:41:02.520
<v Speaker 7>Foundation of Chill, and there's other perks and benefits that

0:41:02.560 --> 0:41:04.759
<v Speaker 7>you can unlock by doing that. We have what we

0:41:04.800 --> 0:41:07.080
<v Speaker 7>call Karmel coins. So for every dollar you donate, you

0:41:07.120 --> 0:41:10.600
<v Speaker 7>earn these Karmel coins. You can unlock other perks and benefits.

0:41:10.600 --> 0:41:13.480
<v Speaker 7>But when those games kick off, you're earning points not

0:41:13.560 --> 0:41:15.839
<v Speaker 7>based on the size of your donation, which is you know,

0:41:15.920 --> 0:41:18.160
<v Speaker 7>that would be like a raffle, you know, and so

0:41:18.200 --> 0:41:21.600
<v Speaker 7>you're earning points based strictly on the accuracy of your prediction.

0:41:21.719 --> 0:41:23.719
<v Speaker 7>So you're going up and down on the leaderboard as

0:41:23.760 --> 0:41:26.800
<v Speaker 7>these games are happening in real life. And something unique

0:41:26.840 --> 0:41:29.840
<v Speaker 7>is that the leaderboard is changing every five seconds, not

0:41:29.960 --> 0:41:31.719
<v Speaker 7>based on who won or lost the game, but who's

0:41:31.760 --> 0:41:32.719
<v Speaker 7>winning or losing at.

0:41:32.600 --> 0:41:33.320
<v Speaker 8>That very moment.

0:41:33.520 --> 0:41:36.040
<v Speaker 7>So as you got five or six games happening, I mean,

0:41:36.040 --> 0:41:38.360
<v Speaker 7>the score is going up and down, and you're just

0:41:38.440 --> 0:41:40.399
<v Speaker 7>I mean, it's it's going crazy, and we keep and

0:41:40.400 --> 0:41:41.200
<v Speaker 7>that's that's what I said.

0:41:41.200 --> 0:41:43.400
<v Speaker 8>We're taking the best part of that kind of gambling.

0:41:43.520 --> 0:41:45.040
<v Speaker 4>How many people in the twenty at a time.

0:41:45.640 --> 0:41:49.239
<v Speaker 7>That varies, there's no max, and you know it can

0:41:49.280 --> 0:41:51.400
<v Speaker 7>vary varies based on the player, the level of promotion,

0:41:51.520 --> 0:41:54.319
<v Speaker 7>things like that. But the key is that they're not

0:41:54.400 --> 0:41:56.879
<v Speaker 7>competing to win money, right, So those are the those

0:41:56.880 --> 0:41:59.080
<v Speaker 7>are the visceral kind of feelings that we took out

0:41:59.080 --> 0:42:02.279
<v Speaker 7>of gaming and put it into win win, And they're

0:42:02.280 --> 0:42:05.719
<v Speaker 7>not winning money, right, they're winning experiences that money can't buy,

0:42:05.880 --> 0:42:08.080
<v Speaker 7>like having dinner with the player after the game, or

0:42:08.200 --> 0:42:11.520
<v Speaker 7>court side seats or autograph jersey whatever. I mean, we've done,

0:42:11.800 --> 0:42:14.360
<v Speaker 7>We've done a private jet ride. Patrick Peterson took the

0:42:14.360 --> 0:42:17.000
<v Speaker 7>top three winners on the leader board and flew on

0:42:17.040 --> 0:42:19.160
<v Speaker 7>a private jet with him to baton Ruge for the

0:42:19.280 --> 0:42:22.440
<v Speaker 7>LSU Versus Alabama game course. I mean a sideline passes

0:42:22.480 --> 0:42:26.479
<v Speaker 7>locker rooms the whole nine. And those guys collectively were

0:42:26.520 --> 0:42:29.840
<v Speaker 7>on average, I think donated about thirty thirty five bucks,

0:42:30.040 --> 0:42:32.000
<v Speaker 7>but they were the top three winners based on their

0:42:32.040 --> 0:42:33.359
<v Speaker 7>scores and lead on.

0:42:33.280 --> 0:42:34.040
<v Speaker 8>The leader board.

0:42:34.160 --> 0:42:36.120
<v Speaker 7>And that's what we call Game of five giving, and

0:42:36.160 --> 0:42:39.160
<v Speaker 7>so that's you know, everybody's competing, but the unique part

0:42:39.200 --> 0:42:41.640
<v Speaker 7>is that everybody wins. Also, it's not a one winner

0:42:41.680 --> 0:42:44.040
<v Speaker 7>take off, which I think is you know, if you're

0:42:44.080 --> 0:42:46.239
<v Speaker 7>in first place, you get the jet ride, tenth place,

0:42:46.320 --> 0:42:49.040
<v Speaker 7>you get the FaceTime call, one hundredth place, you get

0:42:49.080 --> 0:42:51.839
<v Speaker 7>an autograph jersey all the way down the last place

0:42:51.840 --> 0:42:54.359
<v Speaker 7>where you'll get twenty dollars in free lift credits as

0:42:54.400 --> 0:42:57.400
<v Speaker 7>your prize. So as a fan, you've competed, you've contributed,

0:42:57.440 --> 0:42:59.719
<v Speaker 7>and you've won something. And for us, we didn't go

0:42:59.760 --> 0:43:02.319
<v Speaker 7>with that model really because it sounds good. We did

0:43:02.320 --> 0:43:05.439
<v Speaker 7>it because it's acquisition and retention driving behaviors. Again, we're

0:43:05.440 --> 0:43:09.200
<v Speaker 7>building a profitable, a for profit company that is looking

0:43:09.239 --> 0:43:12.120
<v Speaker 7>to return capital to our investors ten x, which means,

0:43:12.560 --> 0:43:14.759
<v Speaker 7>you know, somebody comes scoop us up for seven hundred

0:43:14.800 --> 0:43:15.800
<v Speaker 7>million dollars or whatever.

0:43:15.880 --> 0:43:16.719
<v Speaker 8>That's the goal.

0:43:17.080 --> 0:43:19.400
<v Speaker 7>And so we have to think very strategically about the

0:43:19.400 --> 0:43:21.839
<v Speaker 7>business model, about what are these triggers that will get

0:43:21.880 --> 0:43:25.520
<v Speaker 7>people to come back and donate. What it'll get people

0:43:25.560 --> 0:43:27.880
<v Speaker 7>to come So acquisition, if you know, you see your

0:43:27.920 --> 0:43:31.120
<v Speaker 7>favorite player hosting a tournament promoting it, knowing that you're

0:43:31.200 --> 0:43:33.920
<v Speaker 7>guaranteed to win a prize, you're more inclined to actually

0:43:34.000 --> 0:43:35.920
<v Speaker 7>join right versus joining the raffle.

0:43:36.200 --> 0:43:37.520
<v Speaker 8>I'll win something right.

0:43:37.600 --> 0:43:40.120
<v Speaker 7>But more importantly, if you look at your predictions, and

0:43:40.200 --> 0:43:42.320
<v Speaker 7>let's say you got one of the brand sponsor prizes

0:43:42.360 --> 0:43:44.879
<v Speaker 7>like lift credits, you're gonna look at it, you're gonna

0:43:44.880 --> 0:43:47.160
<v Speaker 7>be happy about it. But then you're gonna say, man,

0:43:47.200 --> 0:43:49.680
<v Speaker 7>if I would have made these seven different picks, I

0:43:49.680 --> 0:43:50.600
<v Speaker 7>would have been in Tier two.

0:43:50.640 --> 0:43:52.360
<v Speaker 8>I would have got the autograph football. So what do

0:43:52.400 --> 0:43:52.600
<v Speaker 8>you do?

0:43:52.640 --> 0:43:55.280
<v Speaker 7>You come right back next week and try again donate

0:43:55.320 --> 0:43:59.440
<v Speaker 7>boom And so now retention, acquisition, you know, these are

0:43:59.440 --> 0:44:02.480
<v Speaker 7>the things that really drive a business as we look to,

0:44:02.600 --> 0:44:05.320
<v Speaker 7>you know, drive revenue and evaluation them.

0:44:05.960 --> 0:44:07.880
<v Speaker 3>All right, So in the next seven, we're gonna go

0:44:07.920 --> 0:44:11.040
<v Speaker 3>into the most important part of any business funding. But

0:44:11.520 --> 0:44:13.319
<v Speaker 3>it's a little different, a little different. We're gonna talk

0:44:13.320 --> 0:44:18.640
<v Speaker 3>about equity crowdfunding, something that most people aren't too familiar with,

0:44:18.760 --> 0:44:22.959
<v Speaker 3>so we haven't covered it yet. So yeah, we're gonna

0:44:22.960 --> 0:44:24.560
<v Speaker 3>go into it, all right, So now we're gonna talk

0:44:24.600 --> 0:44:28.080
<v Speaker 3>about something very interesting and something Actually when you when

0:44:28.080 --> 0:44:29.880
<v Speaker 3>you contacted us, you brought up a good point. He's like,

0:44:29.880 --> 0:44:31.719
<v Speaker 3>I don't think you talked about this, but you know what,

0:44:31.800 --> 0:44:38.480
<v Speaker 3>we haven't talk about it, right, so, yes, equity crowdfunding. Right,

0:44:39.080 --> 0:44:42.120
<v Speaker 3>so people might not be familiar with equity. Well, crowdfunding

0:44:42.120 --> 0:44:44.879
<v Speaker 3>in general is a way to raise money from large

0:44:44.920 --> 0:44:48.319
<v Speaker 3>amounts of people, right, So, like the most popular form

0:44:48.360 --> 0:44:51.760
<v Speaker 3>is Kickstarter. People things like that, right, It's kickstarter where

0:44:52.120 --> 0:44:55.120
<v Speaker 3>you it's kind of like a donation kind of charity thing.

0:44:55.200 --> 0:44:57.319
<v Speaker 3>Sometimes you can give people like T shirts, but it's

0:44:57.400 --> 0:44:59.960
<v Speaker 3>pretty much they're not getting nothing in return for that

0:45:00.080 --> 0:45:01.920
<v Speaker 3>except for just good will they want to support you.

0:45:02.040 --> 0:45:06.680
<v Speaker 3>Right now, Equity crowd funding is something that is new

0:45:07.080 --> 0:45:09.920
<v Speaker 3>that came about from President Obama's.

0:45:09.520 --> 0:45:10.160
<v Speaker 5>Jobs build up.

0:45:10.160 --> 0:45:13.560
<v Speaker 3>I'm not yeah, the Jobs Act, and yeah, so can

0:45:13.560 --> 0:45:15.080
<v Speaker 3>you talk about that, because it's pretty interesting.

0:45:15.239 --> 0:45:15.439
<v Speaker 8>Yeah.

0:45:15.520 --> 0:45:15.600
<v Speaker 5>No.

0:45:15.760 --> 0:45:19.520
<v Speaker 7>So you know, one of the any business, right particularly

0:45:19.600 --> 0:45:22.480
<v Speaker 7>within in tech companies, right, you have to raise funding

0:45:22.840 --> 0:45:26.239
<v Speaker 7>and for for you know, decades.

0:45:25.800 --> 0:45:27.560
<v Speaker 8>Now, right. The way you do that is go to

0:45:27.600 --> 0:45:28.839
<v Speaker 8>an investor. Right.

0:45:28.920 --> 0:45:32.520
<v Speaker 7>You pitch your vision to that one individual usually or

0:45:32.520 --> 0:45:35.840
<v Speaker 7>a fund, and you know, they make a decision on

0:45:36.000 --> 0:45:38.239
<v Speaker 7>if they're going to give you the startup capital that

0:45:38.280 --> 0:45:40.680
<v Speaker 7>you need to go build this thing, and in exchange,

0:45:41.040 --> 0:45:43.640
<v Speaker 7>they get equity, right, they get ownership part ownership in

0:45:43.680 --> 0:45:46.320
<v Speaker 7>the company. And that's how it's been done for ages.

0:45:46.440 --> 0:45:48.360
<v Speaker 8>Now. One of the things.

0:45:48.080 --> 0:45:51.360
<v Speaker 7>That it has created is a very big gap in

0:45:51.480 --> 0:45:54.400
<v Speaker 7>terms of wealth and the access to generate wealth.

0:45:54.480 --> 0:45:55.280
<v Speaker 8>Right when you talk.

0:45:55.160 --> 0:46:00.279
<v Speaker 7>About angel investors, right, and again, trust me, like I've

0:46:00.360 --> 0:46:02.960
<v Speaker 7>learned all of this stuff in the last five years.

0:46:02.960 --> 0:46:04.080
<v Speaker 7>I didn't, Like I said, I didn't even know what

0:46:04.160 --> 0:46:07.320
<v Speaker 7>Silicon Valley was or the word and so this was

0:46:07.360 --> 0:46:08.920
<v Speaker 7>all things that I had to learn on the go.

0:46:09.280 --> 0:46:11.960
<v Speaker 7>But when it comes to angel investors, these are basically

0:46:12.040 --> 0:46:15.480
<v Speaker 7>wealthy individuals that are investing their own capital, like at

0:46:15.520 --> 0:46:18.920
<v Speaker 7>their bank account. They they're investing in the companies getting equity.

0:46:19.520 --> 0:46:19.680
<v Speaker 5>Uh.

0:46:19.680 --> 0:46:21.799
<v Speaker 7>And then when those companies go on, they do very

0:46:21.800 --> 0:46:25.360
<v Speaker 7>well and get sold or I po then those angel investors,

0:46:25.400 --> 0:46:28.200
<v Speaker 7>those wealthier, those wealthy volks get even more wealthy, right

0:46:28.200 --> 0:46:29.960
<v Speaker 7>because they get a return on their capital. And so

0:46:30.640 --> 0:46:32.880
<v Speaker 7>it was creating this gap, and and you know, shout

0:46:32.920 --> 0:46:35.239
<v Speaker 7>out to Obama because he you know, saw that there

0:46:35.320 --> 0:46:38.480
<v Speaker 7>was a disparity there and thought that anybody should be

0:46:38.480 --> 0:46:41.520
<v Speaker 7>able to have access if they can access that deal, right,

0:46:42.080 --> 0:46:44.640
<v Speaker 7>because there's there's there's part access, but then having the

0:46:44.680 --> 0:46:49.560
<v Speaker 7>capacity to even get involved, right, And so he created

0:46:49.560 --> 0:46:53.200
<v Speaker 7>the Jobs Acts. Right, it's jumpstart our business startups, and

0:46:54.200 --> 0:46:57.480
<v Speaker 7>it is you know, it's it's actually a whole lot

0:46:57.480 --> 0:46:59.520
<v Speaker 7>of different things. But one of the things in there

0:46:59.840 --> 0:47:02.880
<v Speaker 7>is equity crowdfunding. And what it does is it gives

0:47:03.280 --> 0:47:07.359
<v Speaker 7>founders of companies the ability to open up the fundraising

0:47:08.120 --> 0:47:11.200
<v Speaker 7>to what they call non accredited investors. So that angel

0:47:11.239 --> 0:47:14.520
<v Speaker 7>investor that I mentioned is going to be an accredited investor.

0:47:14.600 --> 0:47:17.759
<v Speaker 7>And to be an accredited investor, you have to make

0:47:17.800 --> 0:47:19.920
<v Speaker 7>two hundred and fifty thousand dollars a year or more

0:47:19.960 --> 0:47:22.280
<v Speaker 7>at least for the last three years as your tax

0:47:22.440 --> 0:47:26.400
<v Speaker 7>you know, paperwork will show or have a million in

0:47:26.440 --> 0:47:27.120
<v Speaker 7>liquid assets.

0:47:27.200 --> 0:47:28.840
<v Speaker 4>Yeah, we can see how that could be a problem. Like,

0:47:28.920 --> 0:47:30.680
<v Speaker 4>especially in the communities we live in. It's like, how

0:47:30.680 --> 0:47:32.239
<v Speaker 4>many people do we know that make two hundred and

0:47:32.239 --> 0:47:37.200
<v Speaker 4>fifty thousand as a combined family, one person make it.

0:47:37.600 --> 0:47:40.319
<v Speaker 7>And as a group, actually you can. You and your

0:47:40.360 --> 0:47:43.480
<v Speaker 7>spouse collectively have to make three hundred thousand, right, And

0:47:43.520 --> 0:47:45.520
<v Speaker 7>so they even make that bar go a little higher.

0:47:45.560 --> 0:47:48.760
<v Speaker 7>And so or have a million in liquid assets.

0:47:48.400 --> 0:47:51.560
<v Speaker 5>That's it. That's the only requirements two million in assets.

0:47:51.680 --> 0:47:54.040
<v Speaker 8>Or a million in liquid liquid. So it can't but

0:47:54.040 --> 0:47:54.839
<v Speaker 8>it basically it can't.

0:47:55.760 --> 0:47:58.560
<v Speaker 3>They got to be something like a retirement account on

0:47:58.760 --> 0:48:01.719
<v Speaker 3>bank or stock stuff like that, things that you.

0:48:01.640 --> 0:48:03.560
<v Speaker 8>Can liquid that, yeah, quickly.

0:48:03.600 --> 0:48:07.040
<v Speaker 7>And so that's you know that and and honestly or

0:48:07.080 --> 0:48:09.160
<v Speaker 7>like what I looked at in the research option done,

0:48:09.480 --> 0:48:13.319
<v Speaker 7>that's about eight or nine percent of Americans, right, And

0:48:14.320 --> 0:48:18.640
<v Speaker 7>so the ninety one percent, essentially right, can't can't even

0:48:18.680 --> 0:48:21.040
<v Speaker 7>access that deal even if they know the founder of

0:48:21.360 --> 0:48:24.520
<v Speaker 7>X y Z company. They can't you know, invest even

0:48:24.560 --> 0:48:26.640
<v Speaker 7>if they haven't have some load of cash that they

0:48:26.719 --> 0:48:30.040
<v Speaker 7>came across or whatever. But so what Obama said is,

0:48:30.120 --> 0:48:33.719
<v Speaker 7>you know, through the Jobs Act, now anybody should be

0:48:33.760 --> 0:48:36.320
<v Speaker 7>able to access that. So in twenty sixteen is actually

0:48:36.320 --> 0:48:38.960
<v Speaker 7>when they went through, and now you started to see

0:48:39.000 --> 0:48:39.879
<v Speaker 7>the rise of.

0:48:39.840 --> 0:48:41.960
<v Speaker 8>These equity crowdfunding platforms.

0:48:42.040 --> 0:48:44.279
<v Speaker 7>So the thing that you have to know is like

0:48:44.560 --> 0:48:47.600
<v Speaker 7>if I run a tech company or startup, just because

0:48:48.040 --> 0:48:50.879
<v Speaker 7>you know the Jobs Act exist doesn't mean you could

0:48:50.920 --> 0:48:52.560
<v Speaker 7>just walk up and give me some money and say

0:48:52.719 --> 0:48:55.120
<v Speaker 7>I want to be an investor. The companies have to

0:48:55.160 --> 0:48:57.240
<v Speaker 7>go through, so this is all sanctioned by the SEC.

0:48:58.080 --> 0:48:59.960
<v Speaker 7>You know, there's a lot of kind of formal time

0:49:00.040 --> 0:49:03.040
<v Speaker 7>ters I won't bore you guys with, but you have

0:49:03.120 --> 0:49:05.280
<v Speaker 7>to go through a very extreme vetting process.

0:49:05.320 --> 0:49:06.600
<v Speaker 8>So first there's the platform.

0:49:06.640 --> 0:49:10.560
<v Speaker 7>So you brought up a good point Kickstarter, Indie, go go, right,

0:49:10.680 --> 0:49:14.480
<v Speaker 7>these are forms of crowdfunding. Go fund me is a

0:49:14.600 --> 0:49:17.799
<v Speaker 7>crowd is a crowdfunding platform, right, And again to your point,

0:49:17.880 --> 0:49:20.839
<v Speaker 7>you're raising money for something from a large crowd of people,

0:49:20.880 --> 0:49:21.480
<v Speaker 7>hence the name.

0:49:22.840 --> 0:49:26.680
<v Speaker 4>The original of the crowdfunding itself was based on a

0:49:26.760 --> 0:49:29.920
<v Speaker 4>rock band like yeah, they couldn't get money to go

0:49:29.960 --> 0:49:33.319
<v Speaker 4>on tour. Oh yeah, so their fans came together to say,

0:49:33.360 --> 0:49:35.920
<v Speaker 4>like let's fund them to at least have a tour

0:49:36.000 --> 0:49:36.640
<v Speaker 4>to perform.

0:49:36.840 --> 0:49:42.319
<v Speaker 3>Hence crowdfunded Troy always comes with It was like a

0:49:42.320 --> 0:49:50.320
<v Speaker 3>white elephant always comes with like these little known Alright,

0:49:50.360 --> 0:49:53.000
<v Speaker 3>all right, so we're back to the crowd but.

0:49:53.280 --> 0:49:58.279
<v Speaker 7>Yeah, so you know, crowdfunding as in and of itself exists, right,

0:49:58.320 --> 0:50:00.600
<v Speaker 7>It has existed for some time, all the way back

0:50:00.640 --> 0:50:03.240
<v Speaker 7>to the rock band, right and to your point, equity

0:50:03.239 --> 0:50:05.600
<v Speaker 7>crowdfunding came in right when you and let's just draw

0:50:05.600 --> 0:50:06.120
<v Speaker 7>a comparison.

0:50:06.200 --> 0:50:07.600
<v Speaker 8>Let's take Kickstarter for example.

0:50:07.640 --> 0:50:10.719
<v Speaker 7>This is a Kickstart is a company that enables you

0:50:10.760 --> 0:50:13.719
<v Speaker 7>to run a crowdfunding campaign, right, and so you can

0:50:13.719 --> 0:50:16.160
<v Speaker 7>put up your project, whether it's a film, whether it's

0:50:16.200 --> 0:50:19.560
<v Speaker 7>a whatever it is, right, and you can basically promote

0:50:19.560 --> 0:50:21.760
<v Speaker 7>it and people will buy in and maybe you have perks.

0:50:21.800 --> 0:50:25.319
<v Speaker 7>Like you said, now, the difference, right you talk about

0:50:25.360 --> 0:50:29.960
<v Speaker 7>equity crowdfunding, there are also platforms, right, so republic is

0:50:30.040 --> 0:50:32.480
<v Speaker 7>one that is probably one of the more popular ones.

0:50:32.520 --> 0:50:36.200
<v Speaker 7>There's others called we funder, you know a few others

0:50:36.320 --> 0:50:40.560
<v Speaker 7>that you know allow you to have an equity crowdfunding campaign.

0:50:41.000 --> 0:50:43.040
<v Speaker 7>Now they have to go through a rigorous process to

0:50:43.080 --> 0:50:45.880
<v Speaker 7>even be set up. But the big difference between those

0:50:45.920 --> 0:50:50.040
<v Speaker 7>two platforms is that on Kickstarter, if I'm not mistaken,

0:50:50.200 --> 0:50:52.680
<v Speaker 7>Basically anybody can set that up. You can go in there,

0:50:52.760 --> 0:50:55.520
<v Speaker 7>fill out the thing, and then boom, launch a campaign

0:50:55.560 --> 0:50:57.080
<v Speaker 7>and it's up to you. And you have to raise

0:50:57.080 --> 0:51:00.160
<v Speaker 7>a certain amount to even access to the capital for

0:51:00.200 --> 0:51:05.400
<v Speaker 7>equity crowdfunding because these are technically public offerings right of

0:51:05.480 --> 0:51:09.080
<v Speaker 7>shares in a company and a private company, it has

0:51:09.120 --> 0:51:10.680
<v Speaker 7>to be sanctioned.

0:51:10.200 --> 0:51:10.840
<v Speaker 8>By the SEC.

0:51:10.960 --> 0:51:13.839
<v Speaker 7>So it's a very rigorous process, right, I mean, they

0:51:13.920 --> 0:51:16.840
<v Speaker 7>dove deep into the financials and all the history of

0:51:16.840 --> 0:51:20.319
<v Speaker 7>the company, and then that's how you're able to even

0:51:20.320 --> 0:51:23.120
<v Speaker 7>be accepted on one of the platforms, right like Republic

0:51:23.160 --> 0:51:26.239
<v Speaker 7>for US and then and really it's a it's a

0:51:26.560 --> 0:51:29.120
<v Speaker 7>because basically I don't even know if we said it.

0:51:29.160 --> 0:51:33.480
<v Speaker 7>What it means is equity crowdfunding enables anybody, not accredited

0:51:33.560 --> 0:51:38.120
<v Speaker 7>investors to invest into private companies for as little as

0:51:38.200 --> 0:51:41.120
<v Speaker 7>you know, I think legally the minimum is like ten dollars.

0:51:41.200 --> 0:51:43.759
<v Speaker 3>Yeah, now that's something that all right, So I don't

0:51:43.800 --> 0:51:47.320
<v Speaker 3>want people to not understand this, so cause I get

0:51:47.360 --> 0:51:49.319
<v Speaker 3>this question of my DM so often, like when I

0:51:49.360 --> 0:51:52.200
<v Speaker 3>post stuff about like Beyond Meat and like Lift and

0:51:52.239 --> 0:51:53.920
<v Speaker 3>all of these stuff, and I post stories about like

0:51:54.000 --> 0:51:56.239
<v Speaker 3>Knas and like how he invested early, and people like, well,

0:51:56.239 --> 0:51:58.359
<v Speaker 3>how can I invest in these companies early? For the

0:51:58.360 --> 0:52:02.360
<v Speaker 3>most part, you really can, right, like you said, I

0:52:02.360 --> 0:52:03.960
<v Speaker 3>mean especially on that level.

0:52:04.000 --> 0:52:06.799
<v Speaker 5>It's like angel investors and vcs.

0:52:06.680 --> 0:52:09.279
<v Speaker 3>But even on the small levels and credited investors, So

0:52:09.320 --> 0:52:12.000
<v Speaker 3>you have to be like a special kind of person

0:52:12.120 --> 0:52:14.239
<v Speaker 3>for lack of a better word, to actually invest. But

0:52:14.360 --> 0:52:18.320
<v Speaker 3>now it allows the general public. Crowdfunding allows the general

0:52:18.400 --> 0:52:23.200
<v Speaker 3>public to invest in companies on the ground level because,

0:52:23.239 --> 0:52:27.640
<v Speaker 3>like you said off camera, one of the main disadvantages

0:52:27.840 --> 0:52:30.439
<v Speaker 3>is that you're getting people that can invest in these

0:52:30.480 --> 0:52:34.239
<v Speaker 3>companies and then when they go public, their percentage goes

0:52:34.320 --> 0:52:37.080
<v Speaker 3>up like a thousand percent. But by the time the

0:52:37.120 --> 0:52:39.840
<v Speaker 3>general public gets it in the stock market, they've already

0:52:39.880 --> 0:52:42.239
<v Speaker 3>made their money that they're out. They're out the day, right.

0:52:43.239 --> 0:52:49.799
<v Speaker 3>And it's interesting because probably the most famous in our

0:52:49.840 --> 0:52:53.239
<v Speaker 3>community person that has done that is Jay Morrison. He

0:52:53.280 --> 0:52:56.520
<v Speaker 3>did a real estate crowdfunding with the Tulsa Real Estate

0:52:56.600 --> 0:53:01.360
<v Speaker 3>Fund and he same thing. He raised money from the

0:53:01.400 --> 0:53:04.719
<v Speaker 3>crowd and I think like over ten million dollars in

0:53:04.760 --> 0:53:06.359
<v Speaker 3>a very short period of time. So it's a very

0:53:06.360 --> 0:53:11.000
<v Speaker 3>successful real estate crowdfunding fund campaign. But it's something for

0:53:11.080 --> 0:53:14.880
<v Speaker 3>people to understand from two aspects of it. From a

0:53:14.920 --> 0:53:18.680
<v Speaker 3>business owner, it's a way to raise money, right because

0:53:18.920 --> 0:53:22.520
<v Speaker 3>financing is extremely important and it's hard to get bank loans,

0:53:22.560 --> 0:53:24.840
<v Speaker 3>it's hard to get outside financing. So this is a

0:53:24.880 --> 0:53:27.880
<v Speaker 3>way for business owners to raise large amounts of money.

0:53:28.360 --> 0:53:30.680
<v Speaker 3>Now you're giving up equity in it, and we'll talk

0:53:30.680 --> 0:53:33.719
<v Speaker 3>about that. But you know, you don't get nothing for something.

0:53:33.719 --> 0:53:36.960
<v Speaker 3>You always have to do something. So and it's also

0:53:37.560 --> 0:53:40.600
<v Speaker 3>a way for investors to invest in companies that they

0:53:40.600 --> 0:53:43.320
<v Speaker 3>believe in and they think that can blow up because

0:53:43.360 --> 0:53:47.160
<v Speaker 3>now you might put in ten thousand dollars on a company,

0:53:47.680 --> 0:53:50.600
<v Speaker 3>but in five years that company, that percentage might be

0:53:50.600 --> 0:53:52.440
<v Speaker 3>worth one hundred thousand because you got it on the

0:53:52.440 --> 0:53:55.239
<v Speaker 3>ground level. And you guys said something about Ben Herwitz

0:53:55.320 --> 0:54:00.279
<v Speaker 3>right forwardz If anybody's not familiar, he's a tech giant,

0:54:00.360 --> 0:54:03.560
<v Speaker 3>VC giant, and he's good friends with NAS. He's one

0:54:03.560 --> 0:54:06.839
<v Speaker 3>of the reasons why NAS is really blowing up. He's

0:54:06.880 --> 0:54:08.799
<v Speaker 3>kind of like mentored him. I read some stuff about that.

0:54:08.840 --> 0:54:10.680
<v Speaker 3>If anybody's not familiar, Nias is doing this thing with

0:54:10.800 --> 0:54:16.640
<v Speaker 3>Queensbridge Bridge. Yeah, and they invest in like lifting ring

0:54:17.640 --> 0:54:20.920
<v Speaker 3>pill pack all a lot of these companies, and so

0:54:21.520 --> 0:54:25.200
<v Speaker 3>Ben is really into hip hop. He's like a hip

0:54:25.239 --> 0:54:27.760
<v Speaker 3>hop head, and it was maatic from what I understand,

0:54:27.880 --> 0:54:28.279
<v Speaker 3>is like one.

0:54:28.200 --> 0:54:29.560
<v Speaker 5>Of his favorite albums ever.

0:54:30.360 --> 0:54:33.239
<v Speaker 3>So he just he developed and Horror Black by the way,

0:54:33.520 --> 0:54:35.280
<v Speaker 3>no no, no, if you didn't know about the name.

0:54:35.160 --> 0:54:39.879
<v Speaker 7>If you so he just took the barbecue.

0:54:40.880 --> 0:54:45.600
<v Speaker 3>So you were saying that it was crazy because roughly

0:54:45.880 --> 0:54:49.680
<v Speaker 3>he invested like two fifty into Instagram and then like

0:54:49.760 --> 0:54:52.279
<v Speaker 3>two years later it was worth like eighty million or

0:54:52.280 --> 0:54:52.799
<v Speaker 3>something like that.

0:54:52.880 --> 0:54:55.320
<v Speaker 7>Right, Yeah, I mean, so I don't have any facts

0:54:55.320 --> 0:54:59.160
<v Speaker 7>on this. Actually shout out to Chamellionaire if you know,

0:54:59.239 --> 0:55:03.759
<v Speaker 7>Chamellionaires is really really been winning this in Houston's own

0:55:03.880 --> 0:55:07.040
<v Speaker 7>ride Dirty and you know he's been winning in the

0:55:07.080 --> 0:55:10.400
<v Speaker 7>tech game and just real quick, you know he I mean,

0:55:10.480 --> 0:55:12.799
<v Speaker 7>we were talking about a situation that happened I think

0:55:12.840 --> 0:55:16.560
<v Speaker 7>twenty seventeen finals, right, and this is where it actually

0:55:16.560 --> 0:55:19.920
<v Speaker 7>came out that you know cha millionaires yeah because he

0:55:19.960 --> 0:55:23.359
<v Speaker 7>because he yeah, he was you know, he was court side, yeah,

0:55:23.360 --> 0:55:25.200
<v Speaker 7>and like in the background of a picture and it's

0:55:25.320 --> 0:55:28.000
<v Speaker 7>how many ring tones did he sail hit the finals

0:55:28.000 --> 0:55:30.919
<v Speaker 7>game game five? You know, court side and people came

0:55:30.960 --> 0:55:33.400
<v Speaker 7>and said, no, he's been early investor in Lyft, early

0:55:33.400 --> 0:55:35.800
<v Speaker 7>investor in Ring, you know, early investor in a number

0:55:35.880 --> 0:55:39.560
<v Speaker 7>of companies that have done well. And so you know,

0:55:39.680 --> 0:55:41.520
<v Speaker 7>actually Chameleon I was the one that kind of you know,

0:55:41.560 --> 0:55:44.319
<v Speaker 7>put this, put this kind of this data out. Now,

0:55:44.320 --> 0:55:47.080
<v Speaker 7>I don't know you know, the details and specifics on it,

0:55:47.160 --> 0:55:49.360
<v Speaker 7>so let me make that clear. But there was a

0:55:49.480 --> 0:55:52.000
<v Speaker 7>very sizeable return you know in the in the eighties

0:55:52.000 --> 0:55:54.360
<v Speaker 7>of millions of dollars, you know, based on that initial

0:55:54.800 --> 0:55:57.920
<v Speaker 7>investments from what I hear, but it shows the power

0:55:57.960 --> 0:56:00.239
<v Speaker 7>of equity ownership, right, and now was a I think

0:56:00.440 --> 0:56:02.920
<v Speaker 7>the with the real point that he was making is

0:56:02.920 --> 0:56:04.799
<v Speaker 7>that you know, you have to be able to get

0:56:04.800 --> 0:56:07.520
<v Speaker 7>in on the ground level. And for so long the

0:56:07.560 --> 0:56:10.840
<v Speaker 7>price was so much higher than you know, most of

0:56:10.880 --> 0:56:14.040
<v Speaker 7>our folks in the community could ever even think about investing.

0:56:14.440 --> 0:56:17.680
<v Speaker 7>And so with the equity crowdfunding, that's where because it's

0:56:17.719 --> 0:56:19.560
<v Speaker 7>coming from a crowd of people, you can make that

0:56:19.640 --> 0:56:22.200
<v Speaker 7>price much lower, you know what I mean. And so

0:56:22.680 --> 0:56:25.680
<v Speaker 7>for like for win Win for two hundred and fifty dollars,

0:56:25.960 --> 0:56:29.200
<v Speaker 7>you can own equity, right, I'll be it a smaller

0:56:29.239 --> 0:56:32.120
<v Speaker 7>portion compared to somebody that's putting in twenty five grand

0:56:32.360 --> 0:56:35.000
<v Speaker 7>or two hundred and fifty thousand. But you know, it's

0:56:35.040 --> 0:56:37.560
<v Speaker 7>all about having a slice of that pie, particularly if

0:56:37.560 --> 0:56:39.800
<v Speaker 7>you believe in the company, if you believe in the mission,

0:56:40.280 --> 0:56:42.319
<v Speaker 7>if you're going to be a consumer of it, right,

0:56:42.600 --> 0:56:45.239
<v Speaker 7>and that to your point, the ninety one percent that

0:56:45.320 --> 0:56:48.479
<v Speaker 7>aren't that are non accredited investors. They have to wait

0:56:48.600 --> 0:56:51.600
<v Speaker 7>until it's already publicly traded to even you know, have

0:56:51.719 --> 0:56:55.120
<v Speaker 7>some ownership, right, imagine being able to do that on

0:56:55.160 --> 0:56:55.719
<v Speaker 7>the front end.

0:56:55.760 --> 0:56:57.040
<v Speaker 8>But now you actually can.

0:56:57.120 --> 0:57:00.480
<v Speaker 7>And that's where the equity crowdfunding, to your point, comes in,

0:57:00.800 --> 0:57:03.680
<v Speaker 7>where we can raise money, particularly as black founders, we

0:57:03.760 --> 0:57:07.560
<v Speaker 7>have now an alternative avenue to raise money from the

0:57:07.600 --> 0:57:11.320
<v Speaker 7>crowd versus having to go to a very particular specific

0:57:11.360 --> 0:57:13.840
<v Speaker 7>demographic of vcs and people.

0:57:14.160 --> 0:57:16.240
<v Speaker 3>I'm glad you brought that com millionaire story up because

0:57:16.280 --> 0:57:19.280
<v Speaker 3>it highlights a problem in the community. So it all

0:57:19.360 --> 0:57:21.360
<v Speaker 3>started with the It was like the Golden State Finals.

0:57:21.360 --> 0:57:24.520
<v Speaker 3>Anybody knows finals tickets, they cost a lot of money,

0:57:24.680 --> 0:57:28.080
<v Speaker 3>like hundreds of thousands, Like it's crazy, now, hundreds of thousands,

0:57:28.080 --> 0:57:29.720
<v Speaker 3>but a lot of money, a lot of money. So

0:57:29.800 --> 0:57:32.880
<v Speaker 3>he's front row at the finals, and it's like a joke.

0:57:33.000 --> 0:57:35.760
<v Speaker 3>It's like, damn, how many how much ringsols? Did he

0:57:35.800 --> 0:57:38.600
<v Speaker 3>sound like he has somebody here doesn't belong where fifteen

0:57:38.640 --> 0:57:41.160
<v Speaker 3>years But little do they know the guy's been making

0:57:41.240 --> 0:57:46.480
<v Speaker 3>millions of dollars and investing in companies long after his

0:57:46.600 --> 0:57:48.640
<v Speaker 3>musical career was over. So when they find that out,

0:57:48.680 --> 0:57:50.919
<v Speaker 3>it's like, now it's not funny anymore. Right, So it's

0:57:50.960 --> 0:57:55.360
<v Speaker 3>like a lot of times we highlight celebrities and entertainers,

0:57:55.760 --> 0:57:58.200
<v Speaker 3>but like even if you look at that, you use

0:57:58.320 --> 0:58:02.120
<v Speaker 3>Jay Z and Beyonce at the front row. Everybody knows them,

0:58:02.160 --> 0:58:05.880
<v Speaker 3>but they're probably middle class for everybody else in the

0:58:05.880 --> 0:58:07.720
<v Speaker 3>front row. Like the guy that got into the fight,

0:58:08.040 --> 0:58:11.480
<v Speaker 3>nobody knew who he was. You worth eight billion dollars

0:58:11.520 --> 0:58:16.800
<v Speaker 3>just a random billionaire. It's like, how many people that

0:58:16.920 --> 0:58:20.520
<v Speaker 3>you don't know are just billionaires. The one person that

0:58:20.560 --> 0:58:23.400
<v Speaker 3>you do know just became a billionaire. Not not you know,

0:58:23.480 --> 0:58:26.560
<v Speaker 3>no disrespect to James b We love them, but that

0:58:26.720 --> 0:58:29.840
<v Speaker 3>just goes to show you how much money is out.

0:58:29.640 --> 0:58:37.800
<v Speaker 10>There, right, yeah, right, And you know, and that's why

0:58:37.840 --> 0:58:39.240
<v Speaker 10>I'm glad you brought that up, because when I was

0:58:39.280 --> 0:58:40.960
<v Speaker 10>in the bay, right, one of the things that I

0:58:41.040 --> 0:58:43.040
<v Speaker 10>really actually appreciated, you.

0:58:43.000 --> 0:58:45.880
<v Speaker 7>Know, relative to l A right, is that you didn't

0:58:45.880 --> 0:58:47.960
<v Speaker 7>know who you was talking to or what you were doing.

0:58:48.040 --> 0:58:50.840
<v Speaker 8>Like the money was just shown way differently, you know

0:58:50.880 --> 0:58:51.360
<v Speaker 8>what I mean.

0:58:51.480 --> 0:58:54.040
<v Speaker 7>And you just have people that were just grinding and

0:58:54.120 --> 0:58:57.040
<v Speaker 7>hustling and building companies. And you know, you meet a

0:58:57.080 --> 0:59:00.520
<v Speaker 7>guy just randomly looked like you know, random guys like yeah, man,

0:59:00.680 --> 0:59:05.240
<v Speaker 7>you know, just so my second company Amazon word, you

0:59:05.240 --> 0:59:07.680
<v Speaker 7>know what I mean, and drinks on you. Then you

0:59:07.720 --> 0:59:10.600
<v Speaker 7>know what I'm saying, And it's it's just a different

0:59:10.640 --> 0:59:13.000
<v Speaker 7>it's a different mindset. And to your point, like you know,

0:59:13.640 --> 0:59:15.600
<v Speaker 7>like I said, it wasn't funny no more, you know

0:59:15.680 --> 0:59:21.480
<v Speaker 7>what I mean. And you know, I think that I

0:59:21.520 --> 0:59:23.800
<v Speaker 7>love these examples where you look at you know, a

0:59:23.840 --> 0:59:26.280
<v Speaker 7>Chamellionaire who and and that's a great friend. Shout out

0:59:26.280 --> 0:59:28.160
<v Speaker 7>to Cam And and by the way, he's he's an

0:59:28.280 --> 0:59:31.400
<v Speaker 7>entrepreneur as well as an investor. He started his own

0:59:31.440 --> 0:59:34.840
<v Speaker 7>tech app, tech company called Convos, which I you know

0:59:35.240 --> 0:59:37.840
<v Speaker 7>suggests everybody go check out and download. And he's been

0:59:38.040 --> 0:59:41.240
<v Speaker 7>building and feeding into the community, giving back, you know,

0:59:41.360 --> 0:59:43.320
<v Speaker 7>and and and you gotta you gotta love that. But

0:59:43.440 --> 0:59:46.600
<v Speaker 7>you look at you know, the Beyonce situation right where

0:59:47.040 --> 0:59:49.240
<v Speaker 7>uh if For those who don't know, you know, she

0:59:49.680 --> 0:59:52.880
<v Speaker 7>essentially passed up a cash offer to perform at a

0:59:52.920 --> 0:59:56.760
<v Speaker 7>big Uber event, passed on six million dollars, as the

0:59:56.800 --> 1:00:00.600
<v Speaker 7>story goes, and wanted equity in exchange, and they gave

1:00:00.600 --> 1:00:03.040
<v Speaker 7>it to her. And then they just recently iPod and

1:00:03.440 --> 1:00:07.320
<v Speaker 7>supposedly it's worth somewhere in the three hundred million dollar range, right,

1:00:07.360 --> 1:00:10.000
<v Speaker 7>And again that's the power of equity because you know

1:00:10.200 --> 1:00:13.600
<v Speaker 7>the IPO, you own shares of the company and now

1:00:13.640 --> 1:00:16.880
<v Speaker 7>you're able to cash that in. Now granted that's on paper, right,

1:00:17.440 --> 1:00:19.680
<v Speaker 7>that that worth, but she can cash that in and

1:00:19.720 --> 1:00:20.040
<v Speaker 7>make it.

1:00:20.360 --> 1:00:22.000
<v Speaker 3>You know, who else has a good equity story? I

1:00:22.040 --> 1:00:23.640
<v Speaker 3>told this story before, but I never told her on

1:00:23.680 --> 1:00:28.960
<v Speaker 3>the podcast. Some might as well tell fifty Curt shout.

1:00:28.760 --> 1:00:30.920
<v Speaker 5>Out to fifty. We don't we don't owe him any money?

1:00:30.920 --> 1:00:33.520
<v Speaker 5>Oh yeah, yeah, So.

1:00:35.000 --> 1:00:37.919
<v Speaker 3>Everybody knows fifty cents vitamin water he made like they say,

1:00:38.000 --> 1:00:40.360
<v Speaker 3>ninety eighty million dollars, right, because what happened is that

1:00:40.760 --> 1:00:43.240
<v Speaker 3>they he had equity, I think like ten percent equity

1:00:43.280 --> 1:00:45.720
<v Speaker 3>stake in the company. Then Coca Cola brought it for

1:00:45.760 --> 1:00:48.040
<v Speaker 3>a billion dollars and then his ten percent was worked

1:00:48.040 --> 1:00:51.439
<v Speaker 3>like one hundred million. What they don't know is that

1:00:51.640 --> 1:00:54.200
<v Speaker 3>so vitamin water, they got some vitamin water dif from

1:00:54.280 --> 1:00:58.760
<v Speaker 3>Queen Queens Queen, so yeah, so fifty Queens gets the money.

1:00:58.880 --> 1:01:02.120
<v Speaker 3>So fifties from he's from the South Side. And you

1:01:02.120 --> 1:01:07.120
<v Speaker 3>know who else is from Queens Metal World Peace Rhest. Yeah,

1:01:07.160 --> 1:01:10.920
<v Speaker 3>he's from Queensbridge, home with nas and mob Deep and

1:01:11.000 --> 1:01:14.320
<v Speaker 3>a bunch of other people. So when the guys that

1:01:14.560 --> 1:01:17.280
<v Speaker 3>started Vitamin Water, they was looking for somebody from queens

1:01:17.320 --> 1:01:19.920
<v Speaker 3>hometown and they wanted a celebrity, so they approached run

1:01:19.960 --> 1:01:23.920
<v Speaker 3>our tests about being like the face of vitamin water. Right,

1:01:24.080 --> 1:01:28.240
<v Speaker 3>he's an athlete, sizeable nags, it's you know at that time.

1:01:28.520 --> 1:01:33.760
<v Speaker 3>So they offered him the same deal ten percent equity steak,

1:01:34.600 --> 1:01:38.880
<v Speaker 3>and he wanted two hundred thousand dollars. They didn't have

1:01:38.920 --> 1:01:42.320
<v Speaker 3>two hundred thousand dollars to actually pay him, so they

1:01:42.360 --> 1:01:44.480
<v Speaker 3>told them, well, we can't give you two hundred thousand,

1:01:44.560 --> 1:01:48.160
<v Speaker 3>but we can't give you ten percent. He turned it down,

1:01:48.920 --> 1:01:52.200
<v Speaker 3>fifty cent took the deal. Just so happened. One year later,

1:01:52.280 --> 1:01:54.680
<v Speaker 3>Coca Cola bought them for a billion dollars and a

1:01:54.800 --> 1:01:58.080
<v Speaker 3>ten percent turned into one hundred million dollars. So rhin

1:01:58.160 --> 1:02:01.280
<v Speaker 3>our test gave up one hundred million for two hundred thousand.

1:02:03.040 --> 1:02:07.080
<v Speaker 5>Education. He didn't fully understand the power of equity. He's like, no,

1:02:07.200 --> 1:02:07.560
<v Speaker 5>pay me.

1:02:07.800 --> 1:02:10.520
<v Speaker 3>You try to pull a fast one over, right, but

1:02:10.600 --> 1:02:12.640
<v Speaker 3>it all comes down to education. So now you hear

1:02:12.680 --> 1:02:15.680
<v Speaker 3>Beyonce say pay me in equity. So we're starting to

1:02:15.680 --> 1:02:19.280
<v Speaker 3>fully understand this, and especially in the VC world and

1:02:20.840 --> 1:02:25.600
<v Speaker 3>Silicon Valley, Oh that correct, Silicon Silicon.

1:02:25.240 --> 1:02:28.120
<v Speaker 4>Valley, they're gonna know now.

1:02:28.680 --> 1:02:33.000
<v Speaker 3>Well he was gonna know anywhere. So that's something that's

1:02:33.040 --> 1:02:37.080
<v Speaker 3>been going on for years right where it takes time

1:02:37.840 --> 1:02:40.480
<v Speaker 3>and the back end is always more profitable than.

1:02:40.440 --> 1:02:41.000
<v Speaker 4>The front end.

1:02:41.360 --> 1:02:43.480
<v Speaker 3>So now we fully understanding this, and we need to

1:02:43.560 --> 1:02:46.439
<v Speaker 3>be fully aware of this. So in that vein being

1:02:46.480 --> 1:02:50.400
<v Speaker 3>that you have run a successful equity crowd funding campaign,

1:02:50.440 --> 1:02:52.640
<v Speaker 3>you're actually still running in it. You're still running it

1:02:52.720 --> 1:02:55.760
<v Speaker 3>right now. All right, somebody has a business and they

1:02:55.840 --> 1:02:57.960
<v Speaker 3>want to take the same route that you did, right.

1:02:58.720 --> 1:02:59.760
<v Speaker 5>What are his steps?

1:03:00.200 --> 1:03:00.600
<v Speaker 4>Actually?

1:03:00.640 --> 1:03:02.320
<v Speaker 3>Because I know you said it's a whole process with

1:03:02.400 --> 1:03:04.640
<v Speaker 3>the SEC they got to get approved and all that stuff.

1:03:04.680 --> 1:03:05.400
<v Speaker 5>Like, what's the steps.

1:03:05.760 --> 1:03:08.200
<v Speaker 7>Yeah, So the steps is, you know, you you have

1:03:08.280 --> 1:03:11.600
<v Speaker 7>to you essentially can apply I believe to the company.

1:03:11.640 --> 1:03:12.560
<v Speaker 8>Now we were a little rare.

1:03:12.640 --> 1:03:15.760
<v Speaker 7>We actually you know, companies reached out to us, like

1:03:15.800 --> 1:03:18.880
<v Speaker 7>Republic and how that got set up. So, but there

1:03:18.960 --> 1:03:21.240
<v Speaker 7>is kind of a submission process, I believe where you

1:03:21.240 --> 1:03:23.680
<v Speaker 7>can be considered. They actually have people on their team

1:03:24.120 --> 1:03:26.680
<v Speaker 7>that are looking for companies and they're trying to say, hey,

1:03:26.720 --> 1:03:30.080
<v Speaker 7>we think you should do an equity crowdfunding campaign because

1:03:30.120 --> 1:03:32.400
<v Speaker 7>you know their model is they make a percentage of

1:03:32.440 --> 1:03:34.640
<v Speaker 7>what you ultimately raise, right, So they're looking for great

1:03:34.640 --> 1:03:38.040
<v Speaker 7>companies that they think will be successful. So if you

1:03:38.200 --> 1:03:40.560
<v Speaker 7>end up finding yourself in a position where you know,

1:03:40.600 --> 1:03:43.000
<v Speaker 7>you reach out and there's alignment, they do a vetting

1:03:43.040 --> 1:03:46.160
<v Speaker 7>process themselves, then you're you're kind of in the game.

1:03:46.200 --> 1:03:48.760
<v Speaker 7>You gotta go through the process of you know, pulling

1:03:48.800 --> 1:03:51.240
<v Speaker 7>all your financials, right, you got to go through.

1:03:51.280 --> 1:03:53.400
<v Speaker 8>It's just like I said, it's a very rigorous process.

1:03:53.840 --> 1:03:55.880
<v Speaker 7>And you I think the thing you have to make

1:03:55.920 --> 1:03:58.920
<v Speaker 7>sure that you understand is what you're what you're kind

1:03:58.920 --> 1:04:02.280
<v Speaker 7>of getting yourself into. Right Because now, and this goes

1:04:02.320 --> 1:04:04.480
<v Speaker 7>back to even uh and this is probably a whole

1:04:04.520 --> 1:04:06.960
<v Speaker 7>nother podcast just around the types of funding and who

1:04:06.960 --> 1:04:10.320
<v Speaker 7>gets that type of funding, right, because if if you

1:04:10.320 --> 1:04:12.640
<v Speaker 7>you know, depending on your business, right, there are only

1:04:13.120 --> 1:04:16.280
<v Speaker 7>a certain type of business, certain types of businesses that

1:04:16.680 --> 1:04:21.000
<v Speaker 7>should be raising money from venture capitalists, right because these

1:04:21.080 --> 1:04:25.760
<v Speaker 7>vcs want to see ten x return like hockey stick growth, right,

1:04:25.800 --> 1:04:27.600
<v Speaker 7>and that's why they're giving you that money. If you ain't,

1:04:27.640 --> 1:04:29.880
<v Speaker 7>if you ain't getting that way, which is fine, right.

1:04:29.920 --> 1:04:32.560
<v Speaker 7>You have other companies that just grow steadily profitable, you're

1:04:32.560 --> 1:04:35.000
<v Speaker 7>making money. That's a great business, but you shouldn't be

1:04:35.000 --> 1:04:37.680
<v Speaker 7>taking money from kind of the the investors that we're

1:04:37.680 --> 1:04:39.959
<v Speaker 7>talking about right in terms of their credit.

1:04:39.840 --> 1:04:41.800
<v Speaker 8>Because there's a there's an expectation there.

1:04:41.840 --> 1:04:45.280
<v Speaker 7>But when you when you go back to you know,

1:04:45.400 --> 1:04:47.760
<v Speaker 7>looking at your business and where you are, right. I

1:04:47.760 --> 1:04:50.840
<v Speaker 7>think one of the things that is key to look at,

1:04:50.880 --> 1:04:52.960
<v Speaker 7>and we looked at this even in our own decision,

1:04:53.160 --> 1:04:58.400
<v Speaker 7>is how attractive and understandable will it be to the crowd, right,

1:04:58.480 --> 1:05:01.640
<v Speaker 7>because you gotta you gotta resonate with people, and we're

1:05:01.640 --> 1:05:04.000
<v Speaker 7>building something that we believe touches everybody.

1:05:04.080 --> 1:05:04.240
<v Speaker 4>Right.

1:05:04.560 --> 1:05:09.000
<v Speaker 7>You talk about uh, sports and philanthropy and entertainment, right.

1:05:09.640 --> 1:05:12.400
<v Speaker 7>My good friend Don Dixon said the other night that

1:05:12.480 --> 1:05:15.280
<v Speaker 7>you know, she invested in our company as well, and

1:05:15.320 --> 1:05:19.000
<v Speaker 7>she said that, you know, when win operates into recession

1:05:19.080 --> 1:05:22.720
<v Speaker 7>proof businesses, entertainment and sports, people could be doing down

1:05:22.760 --> 1:05:25.400
<v Speaker 7>bad and all across life, but you're gonna watch that game.

1:05:25.400 --> 1:05:27.439
<v Speaker 7>You're gonna find a way to you know, get in

1:05:27.440 --> 1:05:30.120
<v Speaker 7>in that into that experience, and so you know, you

1:05:30.160 --> 1:05:32.480
<v Speaker 7>got to think about is this going to be attractive

1:05:32.520 --> 1:05:34.600
<v Speaker 7>to the average consumer. That was one thing that I

1:05:34.640 --> 1:05:37.000
<v Speaker 7>had to really kind of even adjust how we talk

1:05:37.040 --> 1:05:39.240
<v Speaker 7>about the company because I'm so used to talking to

1:05:39.760 --> 1:05:42.400
<v Speaker 7>sophisticated you know, investors.

1:05:41.800 --> 1:05:42.760
<v Speaker 8>That this is what they do.

1:05:42.840 --> 1:05:45.280
<v Speaker 7>So there are terms in terminology that we can use

1:05:45.600 --> 1:05:48.680
<v Speaker 7>that they understand very quickly, whereas you're talking to the

1:05:48.760 --> 1:05:52.320
<v Speaker 7>crowd right through communication or whatever. You got to kind

1:05:52.320 --> 1:05:54.880
<v Speaker 7>of break that down. And I've been learning to your point,

1:05:55.000 --> 1:05:58.960
<v Speaker 7>like the the big gap and knowledge of what equity

1:05:59.040 --> 1:06:01.840
<v Speaker 7>it actually is, even even to the point where on

1:06:01.920 --> 1:06:04.360
<v Speaker 7>the hiring side, one of the things for startups is

1:06:04.400 --> 1:06:07.560
<v Speaker 7>you have little capital usually, so you can offer early

1:06:07.600 --> 1:06:11.000
<v Speaker 7>employees equity, right, and that's where you get big time

1:06:11.200 --> 1:06:15.320
<v Speaker 7>companies like uh, you know, big time engineers at Google,

1:06:15.360 --> 1:06:18.200
<v Speaker 7>for example, who will leave Google right a very cush

1:06:18.320 --> 1:06:21.600
<v Speaker 7>job and go work at a startup because they're getting

1:06:21.600 --> 1:06:23.840
<v Speaker 7>some percentage in the equity. So they're saying, I'll pass

1:06:23.920 --> 1:06:26.200
<v Speaker 7>on that you know very well to do job, to

1:06:26.240 --> 1:06:28.280
<v Speaker 7>take equity because I'm going to help build this thing

1:06:28.360 --> 1:06:31.400
<v Speaker 7>to become whatever that is. Even as we've now come

1:06:31.440 --> 1:06:35.400
<v Speaker 7>to Houston, there's been conversations with potential employees that who

1:06:35.760 --> 1:06:38.360
<v Speaker 7>don't necessarily even understand. They're like, NA, like, you know,

1:06:38.400 --> 1:06:41.120
<v Speaker 7>we need this much money, and it's like, well, you know,

1:06:41.160 --> 1:06:42.880
<v Speaker 7>we'll be a little under market, but we want we

1:06:42.920 --> 1:06:46.360
<v Speaker 7>can comp that with equity, which now I found myself

1:06:46.360 --> 1:06:49.120
<v Speaker 7>having to explain, actually, how valuable that that's that that

1:06:49.160 --> 1:06:51.400
<v Speaker 7>you're the fact that you even have an opportunity to

1:06:51.440 --> 1:06:54.000
<v Speaker 7>have equity is a big deal. And that's what That's

1:06:54.040 --> 1:06:56.040
<v Speaker 7>why I love these pop culture examples.

1:06:56.040 --> 1:06:57.760
<v Speaker 8>Beyonce a chameleion there, you know.

1:06:57.720 --> 1:07:00.920
<v Speaker 7>Fifty that everybody knows that they're showing that, you know

1:07:00.960 --> 1:07:03.520
<v Speaker 7>how powerful that is. And now the fact that anybody

1:07:03.600 --> 1:07:06.600
<v Speaker 7>can get in on that equity, I think it is

1:07:06.640 --> 1:07:09.440
<v Speaker 7>a game changer for not only are communities you talk

1:07:09.480 --> 1:07:14.320
<v Speaker 7>about generating generational wealth and you know create what you

1:07:14.360 --> 1:07:17.240
<v Speaker 7>guys talk a lot about financial literacy. When you know better,

1:07:17.280 --> 1:07:19.680
<v Speaker 7>you do better, right, And I think this is changing

1:07:19.680 --> 1:07:21.480
<v Speaker 7>the game and opening up those opportunities.

1:07:21.480 --> 1:07:23.440
<v Speaker 4>One of the things you said, and that's extremely important,

1:07:23.480 --> 1:07:25.800
<v Speaker 4>is like even if it's a small right, one percent

1:07:25.840 --> 1:07:29.200
<v Speaker 4>in equity, Right, Let's say it's two hundred and fifty dollars,

1:07:29.200 --> 1:07:31.680
<v Speaker 4>Like that's the initial investment to own a percentage, Right,

1:07:32.280 --> 1:07:34.600
<v Speaker 4>that could turn into fifteen thousand, right if you if

1:07:34.640 --> 1:07:36.720
<v Speaker 4>you had more, obviously it turns into more of a profit,

1:07:36.800 --> 1:07:39.120
<v Speaker 4>but that fifteen thousand can be the startup for you

1:07:39.160 --> 1:07:41.440
<v Speaker 4>to invest in something else, like your first piece of

1:07:41.440 --> 1:07:46.280
<v Speaker 4>real estate or your first restaurant. How it may feel

1:07:46.280 --> 1:07:48.760
<v Speaker 4>fit for yourself. It's a beginning, right. A lot of

1:07:48.800 --> 1:07:50.680
<v Speaker 4>people think like they're so small, I can't do it

1:07:51.720 --> 1:07:54.480
<v Speaker 4>in Houston, right. You said something earlier about it becoming

1:07:54.480 --> 1:07:56.440
<v Speaker 4>a tech hub, like it's going to be the Silicon

1:07:56.560 --> 1:07:59.800
<v Speaker 4>of the South. How's the vision for that? Right? And

1:08:00.560 --> 1:08:02.360
<v Speaker 4>who's are either the forefront of it or are the

1:08:02.400 --> 1:08:04.200
<v Speaker 4>people out here that are going along on that? So

1:08:04.440 --> 1:08:04.840
<v Speaker 4>with you?

1:08:04.920 --> 1:08:05.680
<v Speaker 8>So we're excited.

1:08:05.720 --> 1:08:07.480
<v Speaker 7>I mean, like we just got down here, you know,

1:08:07.520 --> 1:08:11.200
<v Speaker 7>two months ago, or not even and to be coming down.

1:08:11.600 --> 1:08:14.800
<v Speaker 7>You can sense the kind of the fervor in the

1:08:14.880 --> 1:08:17.040
<v Speaker 7>air of like, you know, this is exciting, right because

1:08:17.439 --> 1:08:19.679
<v Speaker 7>even with the investors, we got some new investors Shout

1:08:19.680 --> 1:08:21.960
<v Speaker 7>out to them, you know here in Houston that have

1:08:22.080 --> 1:08:25.639
<v Speaker 7>typically invested only in you know, oil and gas and energy.

1:08:25.960 --> 1:08:29.040
<v Speaker 7>So now to have some you know, innovative, fast growing

1:08:29.120 --> 1:08:32.640
<v Speaker 7>tech company opportunities has been great for those you know,

1:08:32.840 --> 1:08:35.360
<v Speaker 7>kind of traditional investors. But what I'm more proud of

1:08:35.479 --> 1:08:39.000
<v Speaker 7>is that we can bring this opportunity to everybody from

1:08:39.080 --> 1:08:41.559
<v Speaker 7>Third War to the Swat, you know, to downtown in

1:08:41.600 --> 1:08:45.360
<v Speaker 7>the gallery, anybody across the city, in the in the country,

1:08:45.680 --> 1:08:48.200
<v Speaker 7>and really the world. That's the great thing about equity crowdfunding. Also,

1:08:48.520 --> 1:08:51.000
<v Speaker 7>you can invest from anywhere in the world. I mean,

1:08:51.040 --> 1:08:54.479
<v Speaker 7>we got investors in Canada, Australia, Africa that.

1:08:54.400 --> 1:08:55.759
<v Speaker 8>Have come through in our campaign.

1:08:56.320 --> 1:08:59.240
<v Speaker 7>And it gives everybody that opportunity to gain that equity

1:08:59.280 --> 1:09:00.840
<v Speaker 7>we've been talking about.

1:09:00.880 --> 1:09:01.559
<v Speaker 5>It's powerful.

1:09:01.680 --> 1:09:01.800
<v Speaker 8>Man.

1:09:01.880 --> 1:09:03.840
<v Speaker 5>One, thank you for coming in. We appreciate you.

1:09:04.840 --> 1:09:07.839
<v Speaker 3>How can the people contact you social media, your website,

1:09:07.880 --> 1:09:10.559
<v Speaker 3>any initiatives that you got going on when win information?

1:09:10.640 --> 1:09:11.920
<v Speaker 5>Yeah, what's what's what's the deal with that.

1:09:12.040 --> 1:09:14.680
<v Speaker 7>Yeah, hundred percent. First, appreciate you all for having me

1:09:15.520 --> 1:09:17.839
<v Speaker 7>first and foremost. You know, go get you some equity.

1:09:19.000 --> 1:09:24.479
<v Speaker 7>Www dot republic dot co uh backslash win hyphen win

1:09:25.040 --> 1:09:27.639
<v Speaker 7>uh and you'll be able to see our campaign is live.

1:09:27.720 --> 1:09:29.559
<v Speaker 7>We don't we actually do know. So you're limited on

1:09:29.600 --> 1:09:31.760
<v Speaker 7>the time. So we only have a limited amount of time.

1:09:32.280 --> 1:09:35.160
<v Speaker 7>And once that door closes, then there's no more you know,

1:09:35.600 --> 1:09:38.760
<v Speaker 7>non accredited investors that will be able to invest. So

1:09:38.840 --> 1:09:41.880
<v Speaker 7>I encourage everybody to go check that out again www

1:09:42.000 --> 1:09:45.960
<v Speaker 7>dot republic dot co. Backslash win dash when you'll learn

1:09:46.000 --> 1:09:48.679
<v Speaker 7>everything about the company, nice video and all that good stuff.

1:09:49.520 --> 1:09:53.799
<v Speaker 7>Me I'm underscore Mike T. Brown on Instagram, on Twitter,

1:09:54.400 --> 1:09:56.559
<v Speaker 7>you can find me on LinkedIn. I'm pretty active there

1:09:56.600 --> 1:10:00.920
<v Speaker 7>as well. And yeah try when when the is the website,

1:10:00.960 --> 1:10:02.920
<v Speaker 7>but just go to republic dot co win win and

1:10:02.960 --> 1:10:04.599
<v Speaker 7>you'll be able to find all the information.

1:10:04.760 --> 1:10:04.960
<v Speaker 5>Yeah.

1:10:05.040 --> 1:10:08.600
<v Speaker 7>Shout out to the good people of Samoa. Samoa, right, Samoa.

1:10:09.320 --> 1:10:12.400
<v Speaker 7>That's another way you got to say a lot of

1:10:12.439 --> 1:10:15.439
<v Speaker 7>people just say Samo and Samoa Samo and just like

1:10:15.479 --> 1:10:18.599
<v Speaker 7>Silicon Okay, I'm gonna get you all right with they.

1:10:18.520 --> 1:10:19.920
<v Speaker 3>Might not familiar I used to I used to live

1:10:19.920 --> 1:10:24.400
<v Speaker 3>in Hawaii and so familiar with the Micronesian Islands and

1:10:24.720 --> 1:10:29.920
<v Speaker 3>Polynesian islands and very rich culture, very prideful people and

1:10:30.280 --> 1:10:33.120
<v Speaker 3>make up a lot percentage wise NFL.

1:10:33.240 --> 1:10:34.280
<v Speaker 8>Yeah, I think.

1:10:34.400 --> 1:10:37.799
<v Speaker 7>I think, like literally, if you were born in Somemo,

1:10:38.040 --> 1:10:41.360
<v Speaker 7>played football in some in high school, like the chances

1:10:41.400 --> 1:10:44.719
<v Speaker 7>were like thirty if you if you went to college

1:10:44.720 --> 1:10:46.439
<v Speaker 7>and play, you probably was going to the league.

1:10:46.520 --> 1:10:48.599
<v Speaker 5>That's what's crazy. Yeah, it's crazy.

1:10:48.640 --> 1:10:52.759
<v Speaker 3>So yeah, yeah, shout out to all you guys. Appreciate you, Troy.

1:10:53.320 --> 1:10:55.559
<v Speaker 4>Yeah, shout out to everybody on patreon dot com, back

1:10:55.560 --> 1:10:59.919
<v Speaker 4>Slasher and Aalisia. It has been amazing all our patrons,

1:11:00.080 --> 1:11:03.400
<v Speaker 4>especially the ones from Houston. They have shown out and

1:11:04.000 --> 1:11:06.680
<v Speaker 4>laid the carpet out for us out here. And that's

1:11:06.800 --> 1:11:09.679
<v Speaker 4>that's what Patreon's about. It allows us to travel, allows

1:11:09.760 --> 1:11:12.880
<v Speaker 4>us to experience. This allows us to highlight hometown heroes

1:11:12.920 --> 1:11:15.639
<v Speaker 4>and different types of cities. So thank you to everybody

1:11:15.640 --> 1:11:17.600
<v Speaker 4>that's ow proud to pay program. As you know, we

1:11:17.680 --> 1:11:20.519
<v Speaker 4>have five different tiers. You can subscribe at any tiar

1:11:20.560 --> 1:11:23.080
<v Speaker 4>There's some bonus features, but the real part is being

1:11:23.120 --> 1:11:26.160
<v Speaker 4>able to connect with people and coming to cities and

1:11:26.280 --> 1:11:29.280
<v Speaker 4>talking to some hometown heroes who who need to be highlighted,

1:11:29.360 --> 1:11:32.599
<v Speaker 4>right because we said even at the event, when we leave,

1:11:32.800 --> 1:11:34.880
<v Speaker 4>the relationships that you forced it with the people who

1:11:34.880 --> 1:11:37.120
<v Speaker 4>are at the event will last a lot longer than

1:11:37.200 --> 1:11:39.000
<v Speaker 4>just that one night we were there. So shout out

1:11:39.000 --> 1:11:44.000
<v Speaker 4>to everybody on Patreon, everybody that supported earni Leisure dot

1:11:44.000 --> 1:11:46.200
<v Speaker 4>com and bought some merch. We had some mercher there

1:11:46.240 --> 1:11:49.559
<v Speaker 4>last night. It flew off the tables, man, So shout

1:11:49.560 --> 1:11:52.240
<v Speaker 4>out to everybody that has the merch. And we got

1:11:52.280 --> 1:11:53.120
<v Speaker 4>some more stuff coming.

1:11:53.479 --> 1:11:55.920
<v Speaker 5>We got one outstanding Patreon member in Houston.

1:11:56.600 --> 1:12:01.800
<v Speaker 4>Oh yeah, we shouted out Danida on last episode, but Anita.

1:12:01.680 --> 1:12:03.240
<v Speaker 5>Is outstanding member.

1:12:03.360 --> 1:12:07.760
<v Speaker 4>Outstanding man, she's our number one supporter. We hung out

1:12:07.800 --> 1:12:11.000
<v Speaker 4>with Danita and her crew out here and it was she.

1:12:10.920 --> 1:12:12.000
<v Speaker 5>Didn't let us pay for anything.

1:12:12.120 --> 1:12:14.639
<v Speaker 4>Yeah, and that doesn't happen when we're from like even

1:12:14.760 --> 1:12:18.080
<v Speaker 4>like our crew were like they were like, look, man,

1:12:18.400 --> 1:12:20.559
<v Speaker 4>this is different, Like we don't get treated like this,

1:12:20.760 --> 1:12:23.599
<v Speaker 4>especially like women don't buy drinks for us and that's

1:12:23.640 --> 1:12:26.040
<v Speaker 4>just not culture. But they said, welcome to Texas.

1:12:26.080 --> 1:12:28.000
<v Speaker 3>Said your money is no good. It's no good here

1:12:28.040 --> 1:12:32.320
<v Speaker 3>Welcome to Texas. Welcome to Texas.

1:12:32.400 --> 1:12:35.559
<v Speaker 4>So I said, this is that that southern hospitality that

1:12:35.560 --> 1:12:37.400
<v Speaker 4>that they've been speaking about. So we about to go

1:12:37.439 --> 1:12:43.320
<v Speaker 4>get to it right. She's an entrepreneur out here too,

1:12:43.400 --> 1:12:44.880
<v Speaker 4>so shout out to her. And she said her mom

1:12:44.960 --> 1:12:46.880
<v Speaker 4>is a huge fan too, so shout out to her

1:12:46.880 --> 1:12:47.760
<v Speaker 4>mom and her whole crew.

1:12:48.000 --> 1:12:50.360
<v Speaker 3>So my books hit for the week is Hard Things

1:12:50.400 --> 1:12:52.240
<v Speaker 3>About Hard Things by Ben Harwitz.

1:12:52.280 --> 1:12:53.559
<v Speaker 5>We actually just spoke about.

1:12:53.360 --> 1:12:57.479
<v Speaker 3>Him and once again a lot of times people hit

1:12:57.520 --> 1:13:00.360
<v Speaker 3>me up about my financial advising business.

1:13:00.400 --> 1:13:02.800
<v Speaker 5>So my calendar is on Ernilisia dot com.

1:13:02.840 --> 1:13:06.200
<v Speaker 3>You can book a thirty minute consultation for retirement planning,

1:13:06.640 --> 1:13:09.880
<v Speaker 3>business planning, and state planning. You got to inheritance investment

1:13:09.960 --> 1:13:13.120
<v Speaker 3>stuff like that. So thirty minute free consultation. My calendar

1:13:13.160 --> 1:13:14.960
<v Speaker 3>is up there. And we got to give a shout

1:13:15.000 --> 1:13:17.640
<v Speaker 3>out to executive producer of our show, somebody that you

1:13:17.720 --> 1:13:20.759
<v Speaker 3>might not have ever seen before, but Michael McDonald.

1:13:20.800 --> 1:13:22.320
<v Speaker 5>He actually does a lot of stuff.

1:13:22.120 --> 1:13:23.519
<v Speaker 3>Behind the scenes, and he's helped me out with my

1:13:23.560 --> 1:13:26.719
<v Speaker 3>Instagram page and he does he has his own company,

1:13:26.720 --> 1:13:30.080
<v Speaker 3>Michael Media Group. So if you need any videos done

1:13:30.240 --> 1:13:33.439
<v Speaker 3>or pictures or social media consultant or any type of

1:13:33.439 --> 1:13:34.080
<v Speaker 3>stuff like that.

1:13:34.920 --> 1:13:35.479
<v Speaker 5>Check him out.

1:13:36.000 --> 1:13:36.559
<v Speaker 4>He does it all.

1:13:36.720 --> 1:13:41.280
<v Speaker 3>Yeah, Michael J. McDonald on Instagram and yeah, check him out.

1:13:41.360 --> 1:13:44.000
<v Speaker 3>So thank you guys for rocking with us, and we'll

1:13:44.040 --> 1:13:44.760
<v Speaker 3>see you next week.

1:13:44.800 --> 1:13:45.040
<v Speaker 5>Peace.

1:13:47.200 --> 1:13:50.880
<v Speaker 11>An illegal alien from Guatemala charged with raping a child

1:13:50.880 --> 1:13:54.720
<v Speaker 11>in Massachusetts. An MS thirteen gang member from El Salvador

1:13:54.960 --> 1:13:59.080
<v Speaker 11>accused of murdering a Texas. Man of Venezuelan charged with

1:13:59.160 --> 1:14:03.040
<v Speaker 11>filming and selling child pornography in Michigan. These are just

1:14:03.120 --> 1:14:06.879
<v Speaker 11>some of the heinous migrant criminals caught because of President

1:14:06.920 --> 1:14:10.519
<v Speaker 11>Donald J. Trump's leadership. I'm Christy nom the United States

1:14:10.520 --> 1:14:15.320
<v Speaker 11>Secretary of Homeland Security. Under President Trump, attempted illegal border

1:14:15.360 --> 1:14:18.920
<v Speaker 11>crossings are at the lowest levels ever recorded, and over

1:14:18.960 --> 1:14:22.200
<v Speaker 11>one hundred thousand illegal aliens have been arrested. If you

1:14:22.280 --> 1:14:26.120
<v Speaker 11>are here illegally, your next you will be fine nearly

1:14:26.200 --> 1:14:30.200
<v Speaker 11>one thousand dollars a day, imprisoned and deported. You will

1:14:30.240 --> 1:14:33.880
<v Speaker 11>never return. But if you register using our CBP home

1:14:33.960 --> 1:14:37.320
<v Speaker 11>app and leave now, you could be allowed to return legally.

1:14:37.680 --> 1:14:42.439
<v Speaker 11>Do what's right. Leave now. Under President Trump, America's laws,

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<v Speaker 11>border and families will be protected.

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<v Speaker 4>Sponsored by the United States Department of Homeland Security,