1 00:00:01,480 --> 00:00:04,160 Speaker 1: Hello, I'm Michael Vaughn and I'm Scott Sashnik. Over the 2 00:00:04,200 --> 00:00:06,360 Speaker 1: next hour, we'll explore the big money issues in the 3 00:00:06,400 --> 00:00:08,280 Speaker 1: world of sports and talk to some of the biggest 4 00:00:08,280 --> 00:00:10,920 Speaker 1: players in the industry. Today. We are pleased to spend 5 00:00:10,960 --> 00:00:15,480 Speaker 1: the hour with world champion Golden State Warriors forward andre Iguadala, 6 00:00:15,800 --> 00:00:18,919 Speaker 1: who talks about the growing popularity of basketball. The game 7 00:00:18,960 --> 00:00:21,919 Speaker 1: is global, you know, I always say, um, the sports 8 00:00:22,000 --> 00:00:26,240 Speaker 1: are becoming more and more powerful. Because of the last 9 00:00:26,320 --> 00:00:29,200 Speaker 1: live left. We will have more of our interview with 10 00:00:29,280 --> 00:00:33,880 Speaker 1: basketball star andre Iguadawa and his investments in technology companies 11 00:00:33,920 --> 00:00:36,159 Speaker 1: in a few minutes, but first let's look at the 12 00:00:36,159 --> 00:00:38,800 Speaker 1: top stories of the week. Joining us is Bloomberg Business 13 00:00:38,800 --> 00:00:43,120 Speaker 1: of Sports reporter Evan Nobody. Williams Walt Disney for our 14 00:00:43,159 --> 00:00:47,479 Speaker 1: first story, plans to include a new online ESPN service 15 00:00:47,520 --> 00:00:51,600 Speaker 1: next year that would broadcast more than ten thousand live 16 00:00:51,680 --> 00:00:55,040 Speaker 1: sporting events for a monthly fee. We talked earlier this 17 00:00:55,080 --> 00:00:58,360 Speaker 1: week with Disney CEO Bob Eiger. We bought a third 18 00:00:58,360 --> 00:01:00,480 Speaker 1: of bam Tech a year ago, were an option to 19 00:01:00,480 --> 00:01:04,240 Speaker 1: buy control four years. Hence, we've accelerated our purchase of 20 00:01:04,280 --> 00:01:06,880 Speaker 1: control so that we can move into the space at 21 00:01:06,920 --> 00:01:10,120 Speaker 1: a faster pace, of a faster rate than we had 22 00:01:10,120 --> 00:01:13,319 Speaker 1: initially anticipated because of the opportunity that we see in 23 00:01:13,360 --> 00:01:16,560 Speaker 1: the marketplace. The Scott and Evan Disney welcome to the 24 00:01:16,600 --> 00:01:19,520 Speaker 1: world of streaming. Yeah, the key from either there's acceleration, 25 00:01:19,560 --> 00:01:22,160 Speaker 1: he said, because of the opportunity. I like the way 26 00:01:22,160 --> 00:01:26,560 Speaker 1: he phrased it, the opportunity the necessity for ESPN to 27 00:01:26,680 --> 00:01:29,520 Speaker 1: get some sort of O T T service because every 28 00:01:29,600 --> 00:01:32,919 Speaker 1: quarter we're looking at those subscriber numbers and guess what, Michael, 29 00:01:33,319 --> 00:01:36,880 Speaker 1: they're not going up and it's seven bucks a subscriber. 30 00:01:37,160 --> 00:01:38,960 Speaker 1: They need to figure out a way to make up 31 00:01:38,959 --> 00:01:42,479 Speaker 1: that revenue. This digital ESPN subscription service has been talked 32 00:01:42,480 --> 00:01:44,680 Speaker 1: about for a while. It was originally supposed to launch 33 00:01:44,760 --> 00:01:47,200 Speaker 1: this year. Earlier this week they said that it's going 34 00:01:47,240 --> 00:01:49,280 Speaker 1: to happen next year. That's going to be a huge 35 00:01:49,320 --> 00:01:51,560 Speaker 1: litmus test for what sports media is gonna look like 36 00:01:51,600 --> 00:01:53,400 Speaker 1: in the future. And I've been talking about it for 37 00:01:53,400 --> 00:01:56,720 Speaker 1: a while. Scott mentioned the subscriber losses. It's a real 38 00:01:56,760 --> 00:01:59,639 Speaker 1: thing for ESPN. The big question is when they launched 39 00:01:59,640 --> 00:02:01,760 Speaker 1: this thing, how many people are willing to pay for 40 00:02:01,800 --> 00:02:03,480 Speaker 1: it and what does the revenue look like? And what 41 00:02:03,520 --> 00:02:05,560 Speaker 1: are they showing? That's what we're talking about every day. 42 00:02:05,560 --> 00:02:07,040 Speaker 1: I mean, what are we going to see? Is it 43 00:02:07,080 --> 00:02:09,600 Speaker 1: going to be darts? Is it gonna be lawn bowling 44 00:02:09,720 --> 00:02:12,360 Speaker 1: like this experiment they had ESPN oh show. Is it 45 00:02:12,400 --> 00:02:15,640 Speaker 1: going to be trampoline dodgeball? I don't know what is 46 00:02:15,680 --> 00:02:18,840 Speaker 1: the content and how many people can you aggregate because, 47 00:02:18,840 --> 00:02:21,880 Speaker 1: as John Skipper, the president of ESPN likes to say, 48 00:02:22,120 --> 00:02:24,720 Speaker 1: you aggregate eyeballs. It's my job to figure out the 49 00:02:24,720 --> 00:02:27,399 Speaker 1: way to monetime for ESPN. Scott saying, you have this 50 00:02:27,560 --> 00:02:30,519 Speaker 1: big time tension between you don't want to cannibalize what 51 00:02:30,560 --> 00:02:33,480 Speaker 1: you're offering to your your cable news subscribers. So you 52 00:02:33,520 --> 00:02:35,880 Speaker 1: don't want to cannibalize that the sports that's on ESPN 53 00:02:35,919 --> 00:02:39,560 Speaker 1: and ESPN two. But you don't want this digital subscription 54 00:02:39,600 --> 00:02:43,440 Speaker 1: service to have as darts, darts to have just sports 55 00:02:43,440 --> 00:02:45,640 Speaker 1: that people aren't gonna watch. So it's a very interesting 56 00:02:45,880 --> 00:02:48,000 Speaker 1: kind of dynamic there. So you've been making fun of darts. 57 00:02:48,040 --> 00:02:50,360 Speaker 1: I'm being told by people in the industry darts actually 58 00:02:50,480 --> 00:02:52,560 Speaker 1: might work. You can actually get you could get a 59 00:02:52,639 --> 00:02:55,120 Speaker 1: nice audience. Darts is not going to save ESPN. No, 60 00:02:55,560 --> 00:02:58,280 Speaker 1: but it might be one thing they can show that 61 00:02:58,320 --> 00:03:01,600 Speaker 1: gets people to come and pay for this subscription service. 62 00:03:01,680 --> 00:03:03,560 Speaker 1: One other thing on the on the BAMTech deal, this 63 00:03:03,639 --> 00:03:06,760 Speaker 1: is also it's important for things other than sports. Disney 64 00:03:06,800 --> 00:03:09,200 Speaker 1: is launching its own over the top service that's non 65 00:03:09,240 --> 00:03:11,960 Speaker 1: sports related for movies, et cetera, and Bantech will be 66 00:03:11,960 --> 00:03:14,160 Speaker 1: the back end technology for that as well. They canceled 67 00:03:14,160 --> 00:03:16,480 Speaker 1: the Netflix part. Let's ask let's add something here. The 68 00:03:16,520 --> 00:03:19,360 Speaker 1: cable providers like, hey, hey, whoa, whoa, whoa, this was 69 00:03:19,720 --> 00:03:22,920 Speaker 1: ESPN was a big thing for us. But according to Bamba, I, 70 00:03:23,880 --> 00:03:26,360 Speaker 1: yes they were part of it. But we're trying to 71 00:03:26,360 --> 00:03:29,679 Speaker 1: work something out so we're not totally dumping the cable providers. 72 00:03:29,840 --> 00:03:32,480 Speaker 1: Michael Barr seven dollars a month and there are a 73 00:03:32,480 --> 00:03:34,320 Speaker 1: whole lot of people this is gonna shock, not good 74 00:03:34,320 --> 00:03:36,440 Speaker 1: for us and what we do, but who just don't 75 00:03:36,440 --> 00:03:40,960 Speaker 1: care about sports. Another story, we're watching Tennessee Titans owners 76 00:03:41,080 --> 00:03:44,360 Speaker 1: sorry said to be selling a third of the team. Yeah, 77 00:03:44,440 --> 00:03:47,720 Speaker 1: we were first with this story, Michael. And apparently for 78 00:03:47,760 --> 00:03:50,839 Speaker 1: the last year or so there's been this this breujaja 79 00:03:50,960 --> 00:03:54,080 Speaker 1: between the league and the team because Bud Adams who 80 00:03:54,080 --> 00:03:56,520 Speaker 1: died quite a few years ago. He had two of 81 00:03:56,560 --> 00:03:58,560 Speaker 1: his daughters had thirty three percent of the team. Some 82 00:03:58,600 --> 00:04:01,000 Speaker 1: other airs shared thirty three percent in so there was 83 00:04:01,040 --> 00:04:05,000 Speaker 1: no bipercentage standard. Nobody was the controlling owner, and there 84 00:04:05,000 --> 00:04:07,119 Speaker 1: has to be one according to NFL rules. So they've 85 00:04:07,160 --> 00:04:08,880 Speaker 1: been battling the NFL with this. Now. I don't know 86 00:04:08,920 --> 00:04:12,680 Speaker 1: if this solves that or not. Yeah, the team maintains 87 00:04:12,840 --> 00:04:15,400 Speaker 1: that they're they're in compliance with the rules. So we'll 88 00:04:15,400 --> 00:04:17,560 Speaker 1: see what I find interesting in all this. And Evan 89 00:04:17,640 --> 00:04:19,240 Speaker 1: and I got a good chuckle about it the other 90 00:04:19,279 --> 00:04:21,520 Speaker 1: day when when we found out about the story, is 91 00:04:21,560 --> 00:04:23,400 Speaker 1: that what what's happening here is one of the daughters 92 00:04:23,400 --> 00:04:26,720 Speaker 1: is selling her piece of the team's parent company. So 93 00:04:26,760 --> 00:04:29,240 Speaker 1: you're not just getting one third of the Titans. If 94 00:04:29,279 --> 00:04:31,479 Speaker 1: you want to buy her one third stake in the 95 00:04:31,520 --> 00:04:36,920 Speaker 1: parent company you have it's water in California auto dealership, 96 00:04:37,000 --> 00:04:39,720 Speaker 1: well Nut Farm real estate. You have to take it all. 97 00:04:40,120 --> 00:04:42,359 Speaker 1: But we all know the gem in there is the 98 00:04:42,360 --> 00:04:44,560 Speaker 1: one third of the Tennessee Tits is it though? I Mean, 99 00:04:45,160 --> 00:04:47,599 Speaker 1: we talk a lot about these minority stakes and what 100 00:04:47,680 --> 00:04:50,239 Speaker 1: exactly is an owner gonna get when they're hoving holding 101 00:04:50,279 --> 00:04:52,279 Speaker 1: a minority stake in an NFL team that has no 102 00:04:52,400 --> 00:04:55,479 Speaker 1: path to ownership, which this one doesn't. In some ways, 103 00:04:55,480 --> 00:04:58,480 Speaker 1: I wonder if if the rest of the products, the 104 00:04:58,480 --> 00:05:01,560 Speaker 1: properties inside this parent come might be even more enticing 105 00:05:01,600 --> 00:05:03,560 Speaker 1: from a business in dollars and cent standpoint. Oh, I 106 00:05:03,560 --> 00:05:05,720 Speaker 1: don't know, because the valuation on this whole thing. You're 107 00:05:05,720 --> 00:05:09,960 Speaker 1: gonna pay seven hundred million dollars just for the stake 108 00:05:10,000 --> 00:05:12,720 Speaker 1: in the team. And you have to guess somebody buying 109 00:05:13,040 --> 00:05:15,839 Speaker 1: seven hundred million dollars stake of an NFL team has 110 00:05:15,960 --> 00:05:19,680 Speaker 1: his or her i on one day having the inside 111 00:05:19,800 --> 00:05:23,120 Speaker 1: track to getting this team, even though right now ownership 112 00:05:23,160 --> 00:05:27,039 Speaker 1: is saying there will be no change in control. Another 113 00:05:27,120 --> 00:05:30,159 Speaker 1: story we are following, and I'm wondering why many other 114 00:05:30,279 --> 00:05:34,200 Speaker 1: enough teams have not done this sooner than now. The 115 00:05:34,240 --> 00:05:39,240 Speaker 1: Patriots they're buying two planes so the team can fly 116 00:05:39,440 --> 00:05:42,400 Speaker 1: where they Michael, Michael, Michael, They're way more creative than you. 117 00:05:42,560 --> 00:05:51,760 Speaker 1: They're buying to air craft. I'm sorry, draft, I mean, 118 00:05:52,080 --> 00:05:55,040 Speaker 1: but why why teams haven't done this before? Because they 119 00:05:55,080 --> 00:05:56,720 Speaker 1: used to go through all this thing. Okay, we gotta 120 00:05:56,720 --> 00:05:58,640 Speaker 1: book this, we gotta book this flight, and that flight 121 00:05:58,640 --> 00:06:00,560 Speaker 1: and oh my goodness, we gotta do this, and then 122 00:06:00,600 --> 00:06:02,840 Speaker 1: all of a sudden there were problems that came up 123 00:06:03,160 --> 00:06:06,280 Speaker 1: when the airlines cut back on charter flights. So why 124 00:06:06,320 --> 00:06:09,320 Speaker 1: haven't teams done this earlier? Well, why haven't NFL teams? 125 00:06:09,360 --> 00:06:11,280 Speaker 1: I'll say one thing, and then we're gonna let Edman 126 00:06:11,360 --> 00:06:15,640 Speaker 1: explain why they have In basketball, I seven, the Detroit 127 00:06:15,720 --> 00:06:19,760 Speaker 1: Pistons had Round Ball one first NBA team. But NBA 128 00:06:19,760 --> 00:06:21,839 Speaker 1: and NFL is different, right, Yeah. The fact of the 129 00:06:21,839 --> 00:06:24,320 Speaker 1: matter is that airline travel is booming right now, and 130 00:06:24,360 --> 00:06:26,880 Speaker 1: for airlines that hold these planes, it's much more lucrative 131 00:06:26,920 --> 00:06:29,560 Speaker 1: from a business dollars and cent standpoint to have them 132 00:06:29,560 --> 00:06:32,440 Speaker 1: flying commercial flights. NFL teams want to fly out on 133 00:06:32,480 --> 00:06:34,719 Speaker 1: Saturday morning, they want that plane to sit on the 134 00:06:34,760 --> 00:06:37,920 Speaker 1: tarmac empty until Sunday night when they fly home. And 135 00:06:37,920 --> 00:06:40,200 Speaker 1: that's thirty six hours that an airline could keep that 136 00:06:40,240 --> 00:06:42,920 Speaker 1: plane in rotation, and for they'd rather do that than 137 00:06:43,040 --> 00:06:45,200 Speaker 1: than than rented out to an NFL team. Now our 138 00:06:45,279 --> 00:06:48,560 Speaker 1: thanks to Bloomberg Business of Sports reporter Evan Novi, Williams, 139 00:06:48,600 --> 00:06:51,600 Speaker 1: andre Igmadala is an important part of what many call 140 00:06:51,800 --> 00:06:55,839 Speaker 1: basketball's next dynasty. The Golden State Warriors have won two 141 00:06:55,880 --> 00:06:59,080 Speaker 1: of the past three NBA championships and our favorite to 142 00:06:59,120 --> 00:07:01,560 Speaker 1: win it all at end this upcoming season. Yeah, but 143 00:07:01,600 --> 00:07:04,400 Speaker 1: Andre is much more than a basketball basketball player, Michael. 144 00:07:04,440 --> 00:07:06,919 Speaker 1: He's also a business band he plays near Silicon Valley 145 00:07:06,960 --> 00:07:09,160 Speaker 1: that has helped him become an investor in a number 146 00:07:09,480 --> 00:07:12,280 Speaker 1: of tech religion companies. Andre, thanks for joining us. And 147 00:07:12,320 --> 00:07:15,560 Speaker 1: we hear your professional athletes, So everybody thinks that will 148 00:07:15,560 --> 00:07:18,200 Speaker 1: define you, but it just seems like athletes these days 149 00:07:18,200 --> 00:07:20,640 Speaker 1: are doing so much more. Do you get the sense 150 00:07:20,680 --> 00:07:24,160 Speaker 1: that they want to be known as more than just jocks? Yeah, 151 00:07:24,160 --> 00:07:26,720 Speaker 1: I think it's. Um, it's not just trying to prove 152 00:07:26,760 --> 00:07:29,400 Speaker 1: to people that they are more than the athletes, is 153 00:07:29,480 --> 00:07:32,840 Speaker 1: just really getting into what they enjoy and what they've 154 00:07:32,880 --> 00:07:35,840 Speaker 1: grown into outside of sports. You know, Um, a lot 155 00:07:35,920 --> 00:07:38,360 Speaker 1: of athletes are they to vote a lot of their 156 00:07:38,360 --> 00:07:40,960 Speaker 1: time to the sport, but they have you know, outside 157 00:07:41,000 --> 00:07:45,480 Speaker 1: interest and you know, we are in many seminars we've taken, 158 00:07:46,000 --> 00:07:48,920 Speaker 1: guys are going by to school taking classes. So these 159 00:07:48,920 --> 00:07:53,840 Speaker 1: guys are generally interested in finance and business and interests 160 00:07:53,920 --> 00:07:56,800 Speaker 1: and investments, and I think that stands from you know, 161 00:07:56,920 --> 00:07:59,920 Speaker 1: coming into wealth and the majority of us never had 162 00:08:00,000 --> 00:08:02,840 Speaker 1: opportunity to learn about how to grow our wealth at 163 00:08:02,880 --> 00:08:05,520 Speaker 1: a young age because we don't have access to us. So, uh, 164 00:08:05,560 --> 00:08:08,800 Speaker 1: it's just about us, you know, maturing, growing up. And 165 00:08:08,840 --> 00:08:12,480 Speaker 1: you see that more and more, um as we move 166 00:08:12,560 --> 00:08:16,160 Speaker 1: further along in time, and you see so much of 167 00:08:16,440 --> 00:08:19,880 Speaker 1: what's happening in the history of athletes and um, you know, 168 00:08:19,920 --> 00:08:22,360 Speaker 1: and money. So guys are really excited to get the 169 00:08:22,360 --> 00:08:26,960 Speaker 1: opportunity to do the right things going forward. So the 170 00:08:27,000 --> 00:08:30,880 Speaker 1: athlete is being more business savvy than never. Yeah, and 171 00:08:30,920 --> 00:08:33,280 Speaker 1: why is that the what has changed? I get the 172 00:08:33,360 --> 00:08:36,560 Speaker 1: sense that it's not only cool to show up with 173 00:08:36,640 --> 00:08:40,120 Speaker 1: the cool car or the expensive watch. I mean that 174 00:08:40,200 --> 00:08:44,000 Speaker 1: stuff used to happen. Now it's cool to compare portfolios 175 00:08:44,040 --> 00:08:46,360 Speaker 1: and who's on your speed? Dill, you said, like you 176 00:08:46,400 --> 00:08:50,839 Speaker 1: can hang with Warren Buffett, right, definitely. You know, it's 177 00:08:50,880 --> 00:08:55,240 Speaker 1: it's not just you know, it's kind of like, how 178 00:08:55,280 --> 00:08:58,000 Speaker 1: do you show people that you're an athlete? That was 179 00:08:58,080 --> 00:09:00,160 Speaker 1: what it was the beginning, you know, you know, what 180 00:09:00,280 --> 00:09:02,760 Speaker 1: do I do to show people that, you know, I'm 181 00:09:02,800 --> 00:09:06,600 Speaker 1: an NBA player, or I'm an NFL player, or I'm 182 00:09:06,679 --> 00:09:09,640 Speaker 1: a Major League Baseball player. You know, that was what 183 00:09:09,720 --> 00:09:12,800 Speaker 1: it was at early two thousand's. Uh, when I first 184 00:09:13,360 --> 00:09:15,400 Speaker 1: came into professional basketball, it was like you had to 185 00:09:15,480 --> 00:09:18,040 Speaker 1: have the right car, UM, and you had to dress 186 00:09:18,120 --> 00:09:20,600 Speaker 1: this way, you had to have this type of jury 187 00:09:20,640 --> 00:09:22,240 Speaker 1: on it, and you had to show up at this 188 00:09:22,280 --> 00:09:25,560 Speaker 1: type of club, or you know, you had to hang 189 00:09:25,600 --> 00:09:27,880 Speaker 1: around with this many people. You know, That's what kind 190 00:09:27,880 --> 00:09:30,880 Speaker 1: of was. And like I said, we've all matured and 191 00:09:30,920 --> 00:09:33,440 Speaker 1: we've grown up, and you start to seeing, you know, 192 00:09:34,400 --> 00:09:38,760 Speaker 1: there is life after basketball, and what does that look like? 193 00:09:39,000 --> 00:09:44,240 Speaker 1: So you know, you mature, you start asking the right questions, UM, 194 00:09:44,400 --> 00:09:47,600 Speaker 1: you seek out the right people to network with. UM. 195 00:09:47,720 --> 00:09:51,320 Speaker 1: You make some mistakes along the way, UM, and you 196 00:09:51,400 --> 00:09:54,960 Speaker 1: grow from those mistakes and then eventually you start getting 197 00:09:55,000 --> 00:09:58,120 Speaker 1: the right and the next generation starts seeing that, and 198 00:09:58,120 --> 00:10:01,160 Speaker 1: hopefully the next generation start seeing that. So UM is 199 00:10:01,200 --> 00:10:04,080 Speaker 1: becoming this trend that you know, you have to start 200 00:10:04,120 --> 00:10:06,040 Speaker 1: doing the right things. There's a life at the basketball 201 00:10:06,080 --> 00:10:09,240 Speaker 1: and it's better to wake up earlier than later, but 202 00:10:09,360 --> 00:10:13,560 Speaker 1: waking up at all is UM. It's the right thing. 203 00:10:14,080 --> 00:10:16,079 Speaker 1: And I feel like we're starting to see that more more. 204 00:10:17,120 --> 00:10:19,120 Speaker 1: You hit the nail on the head Andre you weren't 205 00:10:19,160 --> 00:10:21,719 Speaker 1: the lucky ones, just like Stephen Curry, just like in 206 00:10:21,800 --> 00:10:26,640 Speaker 1: DOMINICANSU in the NFL, where your business senses are growing 207 00:10:27,120 --> 00:10:28,800 Speaker 1: and this is what life is going to be like 208 00:10:29,280 --> 00:10:33,200 Speaker 1: after basketball, after football, or after your sport. How do 209 00:10:33,280 --> 00:10:38,200 Speaker 1: you push that message to the younger players, not just 210 00:10:38,320 --> 00:10:43,120 Speaker 1: in the NBA but all around. Well, I think it 211 00:10:43,200 --> 00:10:47,440 Speaker 1: starts with um, you know, putting pulling them and putting 212 00:10:47,480 --> 00:10:50,240 Speaker 1: them under your wing, you know, let them know, but 213 00:10:50,520 --> 00:10:52,120 Speaker 1: letting them beat themselves at the same time. You know, 214 00:10:52,160 --> 00:10:54,240 Speaker 1: I have a lot of rookies who you know, you 215 00:10:54,280 --> 00:10:57,000 Speaker 1: can't throw all the information on them method all at once. 216 00:10:57,200 --> 00:10:59,679 Speaker 1: You know, you have to let them come into their 217 00:10:59,679 --> 00:11:02,800 Speaker 1: own You have to let them, you know, bump their 218 00:11:02,800 --> 00:11:05,600 Speaker 1: heads a little bit, almost like you know a newborn baby. 219 00:11:05,840 --> 00:11:07,839 Speaker 1: You know, you're telling them, don't touch the stove, and 220 00:11:08,200 --> 00:11:09,839 Speaker 1: what will they do? First thing they do is touch 221 00:11:09,880 --> 00:11:12,640 Speaker 1: the stove, you know, to get a sense of why 222 00:11:12,679 --> 00:11:15,199 Speaker 1: don't why shouldn't they do that? So for me, it's 223 00:11:16,600 --> 00:11:18,559 Speaker 1: you know, having those conversations with the other veterans in 224 00:11:18,559 --> 00:11:21,120 Speaker 1: the locker room, you know, asking those guys questions. You know, 225 00:11:21,160 --> 00:11:24,280 Speaker 1: who's your financial advisor? You know, what are you what's 226 00:11:24,280 --> 00:11:26,800 Speaker 1: your you know, plans this year, your goals, what are 227 00:11:26,840 --> 00:11:28,360 Speaker 1: your goals in five years? What do you goes in 228 00:11:28,400 --> 00:11:31,720 Speaker 1: ten years? And then as a season continues to go 229 00:11:31,800 --> 00:11:34,280 Speaker 1: on and he started, you know, having multiple years with 230 00:11:34,320 --> 00:11:37,040 Speaker 1: these guys, let they start to get it, you know. 231 00:11:37,040 --> 00:11:40,840 Speaker 1: So it's a gradual process, um, especially with this new 232 00:11:41,320 --> 00:11:44,920 Speaker 1: uh generation of players. But they're coming in smarter, so 233 00:11:45,320 --> 00:11:47,800 Speaker 1: it's easier than ever. We are chatting with Andrea, you 234 00:11:47,840 --> 00:11:50,360 Speaker 1: goodal of the Golden State Warriors. Andre, you were talking 235 00:11:50,360 --> 00:11:52,199 Speaker 1: about way back when, like the right car, what was 236 00:11:52,240 --> 00:11:53,679 Speaker 1: the right car when you came in? What was the 237 00:11:53,679 --> 00:11:55,880 Speaker 1: cool car to prove you're an NBA player? Just having 238 00:11:55,880 --> 00:11:58,760 Speaker 1: a bunch. I think now I wouldn't say that. I think, uh, 239 00:11:59,160 --> 00:12:03,160 Speaker 1: cars multiple about a lot of guys, Uh, A lot 240 00:12:03,200 --> 00:12:07,199 Speaker 1: of guys had escalades and range rovers. Um. I think 241 00:12:07,200 --> 00:12:09,400 Speaker 1: there's still other cars though, because I mean those are 242 00:12:09,400 --> 00:12:11,160 Speaker 1: really the only cars that we can fit in. You know, 243 00:12:11,200 --> 00:12:13,880 Speaker 1: there's a few s class. Um, there's a car a 244 00:12:13,880 --> 00:12:16,679 Speaker 1: lot of guys can fit in. So I think, what 245 00:12:16,800 --> 00:12:18,720 Speaker 1: what what it is we smarten up is you know 246 00:12:18,800 --> 00:12:22,520 Speaker 1: we don't have that. We don't trade in cars as 247 00:12:22,600 --> 00:12:24,959 Speaker 1: much anymore, you know, you know, I've had my car 248 00:12:25,040 --> 00:12:28,800 Speaker 1: for four years my class, so I wouldn't say more 249 00:12:28,840 --> 00:12:31,640 Speaker 1: or less what type of car was, just how often 250 00:12:31,679 --> 00:12:33,120 Speaker 1: you can keep up with the new ones. So you 251 00:12:33,120 --> 00:12:34,880 Speaker 1: don't see that anymore. You know, you see guys having 252 00:12:34,920 --> 00:12:38,720 Speaker 1: their cars for much longer period than before. Who has 253 00:12:38,800 --> 00:12:41,120 Speaker 1: taken the right route before you? Who's sort of the 254 00:12:41,360 --> 00:12:46,000 Speaker 1: model you look to? Everybody points to Magic Michael. I'm curious, 255 00:12:46,040 --> 00:12:47,720 Speaker 1: who do you look at and say that's what I 256 00:12:47,760 --> 00:12:50,200 Speaker 1: want to be? Well, you definitely look at those two. Um, 257 00:12:50,400 --> 00:12:54,679 Speaker 1: you look at the guys who have part laid their 258 00:12:54,720 --> 00:12:58,880 Speaker 1: success on the court into business. And for me is 259 00:12:58,920 --> 00:13:02,200 Speaker 1: you can't always look at the those guys because you 260 00:13:02,240 --> 00:13:04,720 Speaker 1: know they're kind of, you know, the one in the billion. 261 00:13:05,280 --> 00:13:08,520 Speaker 1: You know, there's only gonna be one Michael Jordan's one, 262 00:13:08,600 --> 00:13:11,360 Speaker 1: Magic Johnson, and you have a few a few of 263 00:13:11,400 --> 00:13:13,880 Speaker 1: those guys ever generation. You know, you know, all right 264 00:13:13,960 --> 00:13:17,400 Speaker 1: right now it's Lebron James, Steph Curry, Kevin Durant. You're 265 00:13:17,440 --> 00:13:19,640 Speaker 1: gonna have those guys. Those guys are always going to 266 00:13:19,679 --> 00:13:22,160 Speaker 1: be good. Those guys are always gonna have endorsements. Those 267 00:13:22,160 --> 00:13:24,000 Speaker 1: guys are always going to have that following. They're always 268 00:13:24,000 --> 00:13:26,280 Speaker 1: gonna have the opportunity. So I try to try to 269 00:13:26,280 --> 00:13:28,440 Speaker 1: tell a lot of the guys. You know, you search 270 00:13:28,520 --> 00:13:31,760 Speaker 1: for those, you know, mid tier guys. You know, those 271 00:13:31,760 --> 00:13:34,000 Speaker 1: guys are always that aren't always at the top, but 272 00:13:34,080 --> 00:13:37,240 Speaker 1: still do a great job of converting what they've done 273 00:13:37,240 --> 00:13:40,440 Speaker 1: on the court and making it right connections and networking 274 00:13:40,440 --> 00:13:43,679 Speaker 1: with the right people and having a business after that. 275 00:13:43,720 --> 00:13:46,760 Speaker 1: And I always looked at when I came into the league. 276 00:13:46,800 --> 00:13:49,079 Speaker 1: You know, there's a guy Aaron McKee and Kevin Ali 277 00:13:49,679 --> 00:13:52,720 Speaker 1: and both are still in basketball. But the way they 278 00:13:52,720 --> 00:13:59,640 Speaker 1: carry themselves, um, the way they spoke interviews, Um, just 279 00:13:59,720 --> 00:14:03,000 Speaker 1: how professional they were on in off the court, um 280 00:14:03,360 --> 00:14:06,560 Speaker 1: was it was important for me to see, you know, 281 00:14:06,600 --> 00:14:09,800 Speaker 1: because they didn't they didn't walk like they were an 282 00:14:09,920 --> 00:14:12,160 Speaker 1: NBA player, Like they didn't have to have things that 283 00:14:12,200 --> 00:14:14,240 Speaker 1: says I'm an NBA player like. You know, they were 284 00:14:14,360 --> 00:14:18,320 Speaker 1: very subtle, um, and they went about everything like it 285 00:14:18,440 --> 00:14:21,000 Speaker 1: was a business, even when the way they approached practice, 286 00:14:21,080 --> 00:14:25,040 Speaker 1: getting there, early, preparation, all those things. So, um, that 287 00:14:25,160 --> 00:14:26,880 Speaker 1: was really good for me to see coming in early. 288 00:14:26,960 --> 00:14:29,040 Speaker 1: And I had the right veterans that I could look 289 00:14:29,080 --> 00:14:32,120 Speaker 1: up to and to remember the old adage athletes want 290 00:14:32,120 --> 00:14:34,640 Speaker 1: to be rock stars and rock stars want to be athletes. Well, 291 00:14:34,800 --> 00:14:36,560 Speaker 1: you want to hang around rock stars, but you want 292 00:14:36,560 --> 00:14:39,120 Speaker 1: the rock stars a venture capital and tech. I'm going 293 00:14:39,160 --> 00:14:41,400 Speaker 1: to be coming out to San Francisco next week to 294 00:14:41,440 --> 00:14:45,200 Speaker 1: hang with you and Steph Curry. You have put together 295 00:14:45,320 --> 00:14:49,200 Speaker 1: a conference full of vcs, tech and athletes. What is 296 00:14:49,240 --> 00:14:52,360 Speaker 1: it about and what are you hoping to accomplish? Yes, 297 00:14:52,400 --> 00:14:56,160 Speaker 1: it's a as a player's text on it, and yeah, 298 00:14:56,200 --> 00:14:59,640 Speaker 1: it's an opportunity for us to show both sides, to 299 00:14:59,720 --> 00:15:03,080 Speaker 1: text side in the sports world, Um, how the two 300 00:15:03,080 --> 00:15:06,520 Speaker 1: are continued to merge together. You know, we're much closer 301 00:15:06,520 --> 00:15:10,720 Speaker 1: aligned than the too think. And it's the position both 302 00:15:10,760 --> 00:15:15,280 Speaker 1: sides to come together and explore all the opportunities. You know. 303 00:15:15,320 --> 00:15:17,520 Speaker 1: They let the text side know, you know, how athletes think, 304 00:15:17,560 --> 00:15:19,280 Speaker 1: and then the athletes to show them how the tech 305 00:15:19,320 --> 00:15:22,760 Speaker 1: world works. And we're going to different topics and subjects 306 00:15:22,760 --> 00:15:26,560 Speaker 1: and show how the two um have already come together, 307 00:15:26,640 --> 00:15:29,240 Speaker 1: and then what the future looks like. So it's a 308 00:15:29,280 --> 00:15:31,880 Speaker 1: huge education piece, but at the same time, there's a 309 00:15:31,880 --> 00:15:34,960 Speaker 1: lot of business that will be discussed. Um, you go 310 00:15:35,080 --> 00:15:38,400 Speaker 1: from anything from you know, talking about tech and the 311 00:15:38,520 --> 00:15:41,960 Speaker 1: tech world that house involved with worables in the sports world. 312 00:15:42,000 --> 00:15:46,400 Speaker 1: You'll talk about content, talk about media and how the 313 00:15:46,480 --> 00:15:49,400 Speaker 1: to influenced each other as well. So it's going to 314 00:15:49,480 --> 00:15:53,000 Speaker 1: be uh two whole days. It's gonna be a lot 315 00:15:53,000 --> 00:15:54,920 Speaker 1: of fun, a lot of excitement. We have different athletes 316 00:15:55,280 --> 00:15:58,000 Speaker 1: from all different sports and that's something we aim for, 317 00:15:58,480 --> 00:16:00,840 Speaker 1: uh not just basketball, but you know, all the sports. 318 00:16:00,880 --> 00:16:05,240 Speaker 1: And then also, um, we have black girls cod coming, 319 00:16:05,240 --> 00:16:08,200 Speaker 1: which I'm really excited for and showing that diversity, and 320 00:16:08,240 --> 00:16:10,040 Speaker 1: that will have a lot of women involved. We have 321 00:16:10,080 --> 00:16:13,280 Speaker 1: some women's athletes as well. And you know, this is 322 00:16:13,320 --> 00:16:14,920 Speaker 1: just the beginning and we're going to continue to go 323 00:16:15,040 --> 00:16:18,400 Speaker 1: every year. There. What I'm fascinated with is you could 324 00:16:18,640 --> 00:16:21,880 Speaker 1: co mingle with any brand in sport. It could be ESPN, 325 00:16:21,960 --> 00:16:25,160 Speaker 1: Sports Illustrated, we know, the Big East. However, your folks 326 00:16:25,560 --> 00:16:29,520 Speaker 1: called me because they wanted Bloomberg involved. I'm used to athletes, 327 00:16:29,600 --> 00:16:32,400 Speaker 1: I mean, I'm used to the owners seeking out Bloomberg 328 00:16:32,720 --> 00:16:35,760 Speaker 1: for their world, but this is something that athletes are 329 00:16:35,760 --> 00:16:40,000 Speaker 1: recognizing there's more to it than just the games on 330 00:16:40,040 --> 00:16:44,600 Speaker 1: the court. Yes, I think this was perfect partnership for us. Um, 331 00:16:44,720 --> 00:16:47,160 Speaker 1: this is you know, was our first choice and said 332 00:16:47,160 --> 00:16:50,160 Speaker 1: who we involve ourselves and align ourselves with who has 333 00:16:51,080 --> 00:16:53,040 Speaker 1: you know, we feel like we have the most influenced 334 00:16:53,840 --> 00:16:56,960 Speaker 1: h for the athletes to come to for the texting. 335 00:16:57,080 --> 00:16:59,080 Speaker 1: You know who do we who has the most influence 336 00:16:59,120 --> 00:17:02,600 Speaker 1: on the business side. Um, we saw Bloomberg as the 337 00:17:02,680 --> 00:17:05,640 Speaker 1: perfect match, you know, with how I released his content 338 00:17:06,240 --> 00:17:09,639 Speaker 1: and I've learned I learned so much, uh from Bloomberg 339 00:17:09,760 --> 00:17:12,639 Speaker 1: just following the different outlets on social media and that's 340 00:17:12,680 --> 00:17:15,920 Speaker 1: where I get my news from. And um, just a 341 00:17:16,040 --> 00:17:18,360 Speaker 1: history behind it, you know. I was able to take 342 00:17:18,359 --> 00:17:21,480 Speaker 1: a tour of the offices in New York and see 343 00:17:21,520 --> 00:17:24,159 Speaker 1: the you know, the history where Bloomberg came from it 344 00:17:24,280 --> 00:17:26,440 Speaker 1: and I was even a learning experience in itself and 345 00:17:26,680 --> 00:17:30,159 Speaker 1: then grasp it has on uh the business world. So 346 00:17:30,280 --> 00:17:32,239 Speaker 1: it was a perfect marriage for us and we were 347 00:17:32,320 --> 00:17:34,679 Speaker 1: just you know, really happy to be along with him. 348 00:17:35,160 --> 00:17:37,120 Speaker 1: That would be at Sashnik on Twitter. And I saw 349 00:17:37,160 --> 00:17:38,800 Speaker 1: you stuff a whole bunch of snacks while you're here 350 00:17:38,800 --> 00:17:40,399 Speaker 1: on your visit at the office. I saw you do that. 351 00:17:40,480 --> 00:17:42,720 Speaker 1: You're back back my my co host here, Michael Bars 352 00:17:42,760 --> 00:17:44,920 Speaker 1: still not on Twitter. I know I have to get 353 00:17:44,920 --> 00:17:48,160 Speaker 1: on Twitter. I know I'm still old school. I'm thinking 354 00:17:48,200 --> 00:17:50,040 Speaker 1: of the cars you're talking about. I had a Pinto 355 00:17:50,320 --> 00:17:52,960 Speaker 1: that was my first car ever at that's how anyway, 356 00:17:53,200 --> 00:17:56,959 Speaker 1: that's here nor there. But but you mentioned something about diversity, 357 00:17:57,280 --> 00:18:00,359 Speaker 1: and that's if we can expand on that. Can you 358 00:18:00,359 --> 00:18:04,160 Speaker 1: tell us more about the need for diversity and entrepreneurship. Yes, 359 00:18:04,200 --> 00:18:10,440 Speaker 1: that's been a huge topic UM as a recent especially 360 00:18:10,440 --> 00:18:14,080 Speaker 1: with the political climate country is going through right now. 361 00:18:14,760 --> 00:18:16,879 Speaker 1: I think it's very important for us to continue to 362 00:18:16,920 --> 00:18:20,840 Speaker 1: come together instead of separating. UM, especially in the tech world, 363 00:18:21,000 --> 00:18:23,040 Speaker 1: you don't see as many women, but I feel like 364 00:18:23,040 --> 00:18:24,720 Speaker 1: we're starting to get there. We're not as I don't 365 00:18:24,720 --> 00:18:28,600 Speaker 1: think we're moving as fast as we would like. But UM, 366 00:18:28,800 --> 00:18:32,480 Speaker 1: the most the most important thing is for the issue 367 00:18:32,520 --> 00:18:36,000 Speaker 1: to be raised and seek out how we can fix 368 00:18:36,040 --> 00:18:38,560 Speaker 1: the issue. But I feel like it's the tech world, 369 00:18:38,600 --> 00:18:41,080 Speaker 1: and you know, we we fixed so many problems in 370 00:18:41,800 --> 00:18:45,760 Speaker 1: we m make so many different markets more efficient and 371 00:18:45,800 --> 00:18:49,480 Speaker 1: we disrupt so many things that it's a very solvable problem. Andre. 372 00:18:49,760 --> 00:18:53,480 Speaker 1: Can you share with us your investment portfolio. Almost recent 373 00:18:54,160 --> 00:18:59,639 Speaker 1: UH investment was in a company called Cheddar and UM, Now, 374 00:18:59,720 --> 00:19:06,720 Speaker 1: what's that Chedder is as a content producing UM startup, 375 00:19:07,200 --> 00:19:09,000 Speaker 1: and we kind of think of it as like the 376 00:19:09,800 --> 00:19:14,359 Speaker 1: you know, the new age business place for everyone to go. 377 00:19:15,080 --> 00:19:17,880 Speaker 1: And a lot of their content is shot right there 378 00:19:17,960 --> 00:19:22,120 Speaker 1: at the y at the Wall Street, at the stock 379 00:19:22,160 --> 00:19:26,480 Speaker 1: of Schantes on Wall Street. Yes, UM cheddar side of 380 00:19:26,560 --> 00:19:32,320 Speaker 1: the stock exchange and UM. I was really intrigued by 381 00:19:32,400 --> 00:19:35,000 Speaker 1: what they were trying to do because kind of how 382 00:19:35,160 --> 00:19:37,240 Speaker 1: I got started in the tech world, you know, I 383 00:19:37,240 --> 00:19:39,200 Speaker 1: got started the tech world where my business partner we 384 00:19:39,240 --> 00:19:41,240 Speaker 1: started with the trade count, you know, and I was 385 00:19:41,280 --> 00:19:43,399 Speaker 1: able to go to stock exchange see how everything worked, 386 00:19:43,920 --> 00:19:45,560 Speaker 1: and I thought it was stocks and then it's got 387 00:19:45,560 --> 00:19:49,240 Speaker 1: deeper and deeper. So for me it was UM. But 388 00:19:49,400 --> 00:19:52,200 Speaker 1: like I, you know, was right at home how I started. 389 00:19:52,880 --> 00:19:56,240 Speaker 1: I've always been um cherious of how content and media 390 00:19:56,280 --> 00:19:58,879 Speaker 1: has worked. That's in another area in tech that my 391 00:19:58,920 --> 00:20:02,399 Speaker 1: business partner and I a really diving into. UM. We 392 00:20:02,440 --> 00:20:06,080 Speaker 1: have something called the Freetown Project. We will be producing 393 00:20:06,080 --> 00:20:09,199 Speaker 1: our own content. Chadar will be that place where we 394 00:20:09,240 --> 00:20:12,720 Speaker 1: release that content. So it was a perfect marriage there 395 00:20:12,760 --> 00:20:14,439 Speaker 1: for us as well. I don't want to make this 396 00:20:14,560 --> 00:20:17,879 Speaker 1: about Lebron James, but you face him on the court, 397 00:20:18,000 --> 00:20:21,920 Speaker 1: your opponents seems as if you you could be competitors 398 00:20:22,080 --> 00:20:25,080 Speaker 1: in this space as well. He's got a production company, 399 00:20:25,119 --> 00:20:28,719 Speaker 1: he understands content, He's looking at distribution. I see an 400 00:20:28,760 --> 00:20:31,919 Speaker 1: Iguodala versus James one on one game here. Um, that 401 00:20:32,040 --> 00:20:33,800 Speaker 1: wasn't that wasn't the thought. But you know you can 402 00:20:33,880 --> 00:20:36,520 Speaker 1: see that coming along. Uh, you know, I'm not quite 403 00:20:36,520 --> 00:20:38,160 Speaker 1: there where he is. Yeah, but that is the plan. 404 00:20:38,480 --> 00:20:40,760 Speaker 1: We are chatting with Andre Igodala of the Golden State 405 00:20:40,760 --> 00:20:42,960 Speaker 1: Warriors and Andre, how much of that do you think 406 00:20:43,119 --> 00:20:45,680 Speaker 1: is sort of self fulfilling prophecy. I mean, if Mark 407 00:20:45,760 --> 00:20:48,679 Speaker 1: Cuban invested in a company then later says it's great 408 00:20:48,760 --> 00:20:51,840 Speaker 1: or it's terrible, the stock market will move based on 409 00:20:52,000 --> 00:20:54,600 Speaker 1: what he says about something. I think it's the same 410 00:20:54,640 --> 00:20:57,560 Speaker 1: about Lebron. If he shows up coming off the airplane 411 00:20:57,560 --> 00:20:59,960 Speaker 1: with the Olympic team with Beats by dre over his ear, 412 00:21:00,760 --> 00:21:03,359 Speaker 1: that is about the best endorsement I could think of, 413 00:21:03,680 --> 00:21:05,399 Speaker 1: and one of the major reasons that was such a 414 00:21:05,400 --> 00:21:08,160 Speaker 1: hot seller. Yes, and that goes back to the influence 415 00:21:08,160 --> 00:21:11,159 Speaker 1: of athletes have in the tech world. You know, you see, 416 00:21:11,520 --> 00:21:15,040 Speaker 1: I consider Beats tech company before it was bought by Apple, 417 00:21:15,680 --> 00:21:18,600 Speaker 1: just because of the influence it had, the disruption that 418 00:21:18,680 --> 00:21:23,280 Speaker 1: it had on the whole music industry, and you made 419 00:21:23,280 --> 00:21:29,199 Speaker 1: a tech product part of wardrobe and and ask some 420 00:21:29,280 --> 00:21:32,720 Speaker 1: of the beginning stages of making something, um that these 421 00:21:32,720 --> 00:21:35,680 Speaker 1: millennials will buy into and tap into and make it 422 00:21:35,760 --> 00:21:38,440 Speaker 1: part of the daily lives. Was when the USA team 423 00:21:38,480 --> 00:21:41,679 Speaker 1: comes off the airplane and those headphones look like it's 424 00:21:41,560 --> 00:21:43,440 Speaker 1: a part of the road robe and the now you 425 00:21:43,520 --> 00:21:46,720 Speaker 1: see what has grown into and having a three billion 426 00:21:46,760 --> 00:21:49,760 Speaker 1: dollar deal with Apple, you just social influence of athletes 427 00:21:49,800 --> 00:21:52,560 Speaker 1: as well. Where comes that goofy question from the media, 428 00:21:52,920 --> 00:21:56,520 Speaker 1: how's your golf game? Because you are a very passionate golfer. 429 00:21:56,920 --> 00:21:59,840 Speaker 1: Golf is good. Um, I finally broke a d the 430 00:22:00,119 --> 00:22:02,879 Speaker 1: last week. So I don't know how I'm feeling right 431 00:22:02,880 --> 00:22:04,760 Speaker 1: now that I've taken a break from from golf. It's 432 00:22:04,800 --> 00:22:07,280 Speaker 1: kind of like you're chasing that to that girl if 433 00:22:07,280 --> 00:22:09,120 Speaker 1: you like your freshman year high school and you finally 434 00:22:09,160 --> 00:22:12,400 Speaker 1: get or your senior college. So you're kind of exhausted 435 00:22:12,400 --> 00:22:14,719 Speaker 1: that you put all that work in and it finally happened. 436 00:22:14,760 --> 00:22:18,600 Speaker 1: But on a high that yeah, I was on. I 437 00:22:18,640 --> 00:22:21,399 Speaker 1: was on a high that day, So feeling it feeling 438 00:22:21,400 --> 00:22:24,120 Speaker 1: good about my golf game. So what's a better one 439 00:22:24,160 --> 00:22:26,920 Speaker 1: on one game? You versus Lebron in the business world, 440 00:22:27,000 --> 00:22:28,960 Speaker 1: or you versus Steph on the links, because I know 441 00:22:29,000 --> 00:22:32,840 Speaker 1: he can shoot as well. They're two different, Uh, I think, 442 00:22:33,040 --> 00:22:36,520 Speaker 1: uh long term the business world, but a short term 443 00:22:36,800 --> 00:22:38,800 Speaker 1: I can. I can never be Steph and golf. So 444 00:22:39,119 --> 00:22:40,680 Speaker 1: you know, I'll just get it up right now. I won't. 445 00:22:40,720 --> 00:22:42,639 Speaker 1: It won't even happen. He's too good. He played, He 446 00:22:42,640 --> 00:22:45,639 Speaker 1: played in the professional tournament last weekend. I did a 447 00:22:45,640 --> 00:22:48,480 Speaker 1: lot better than people expected. He actually competed with those guys. 448 00:22:48,480 --> 00:22:50,640 Speaker 1: So that was fun to see two and it's kind 449 00:22:50,640 --> 00:22:53,600 Speaker 1: of it's kind of in awe that he can actually 450 00:22:53,600 --> 00:22:55,840 Speaker 1: compete with those guys, and seeing that he never practices 451 00:22:55,880 --> 00:22:58,960 Speaker 1: and he has a full time day child. If you're 452 00:22:59,000 --> 00:23:01,960 Speaker 1: talking about atmosphere and sports, though, you're gonna have a 453 00:23:01,960 --> 00:23:05,720 Speaker 1: new arena coming in downtown San Francisco. You've got a 454 00:23:05,760 --> 00:23:09,200 Speaker 1: winning franchise that has sort of redefined what basketball is 455 00:23:09,240 --> 00:23:11,440 Speaker 1: all about. And as you know, Andre, much of the 456 00:23:11,520 --> 00:23:15,320 Speaker 1: success for individual players off the court is predicated on 457 00:23:15,400 --> 00:23:18,679 Speaker 1: winning that winning brand. You know, your brand is associated 458 00:23:18,720 --> 00:23:21,720 Speaker 1: with how the team does. You're you're in line for 459 00:23:21,760 --> 00:23:25,040 Speaker 1: another possible championship. I met everybody's talking to three. Do 460 00:23:25,080 --> 00:23:27,240 Speaker 1: you look that far ahead? But this team can certainly 461 00:23:27,600 --> 00:23:31,240 Speaker 1: do some special things. I think we try we try 462 00:23:31,280 --> 00:23:34,560 Speaker 1: to take a day by day um and and thattike, 463 00:23:34,880 --> 00:23:36,840 Speaker 1: you know, not looking too far a here we understand 464 00:23:36,840 --> 00:23:40,560 Speaker 1: as a whole process and right now we're trying to 465 00:23:40,600 --> 00:23:42,600 Speaker 1: just enjoy what we accomplish last year and most of 466 00:23:42,640 --> 00:23:44,360 Speaker 1: the guys are back in the gym, getting back to work, 467 00:23:44,400 --> 00:23:47,080 Speaker 1: getting ready to go. Um. So you just try to 468 00:23:47,080 --> 00:23:48,840 Speaker 1: take a day by day. You know, we were in 469 00:23:48,840 --> 00:23:51,360 Speaker 1: a position where we were trying to compete to win 470 00:23:51,440 --> 00:23:54,520 Speaker 1: back to back and we didn't succeed. So we learned 471 00:23:54,520 --> 00:23:57,320 Speaker 1: from net the whole situation. So I feel like we 472 00:23:57,359 --> 00:23:58,920 Speaker 1: know how to plan a little bit better. And I 473 00:23:59,040 --> 00:24:02,880 Speaker 1: look too far ahead. Can you tell me who sits courtside? 474 00:24:03,880 --> 00:24:06,159 Speaker 1: When you look around an oracle and say, oh that 475 00:24:06,400 --> 00:24:08,199 Speaker 1: I need to meet with that person, I need to 476 00:24:08,200 --> 00:24:10,639 Speaker 1: meet with that person. And has nothing to do with basketball. 477 00:24:10,760 --> 00:24:13,919 Speaker 1: It's all about this portfolio building you're looking at. Uh. 478 00:24:13,920 --> 00:24:15,560 Speaker 1: When you're on the court, you pretty much just locked 479 00:24:15,560 --> 00:24:17,679 Speaker 1: in to the court, but you see a few here 480 00:24:17,720 --> 00:24:19,800 Speaker 1: and there. You have a lot of good guests and 481 00:24:20,080 --> 00:24:24,000 Speaker 1: people visitors that come to the game. Um, some of 482 00:24:24,000 --> 00:24:25,840 Speaker 1: the guys that I see, I see Eddie Q alive, 483 00:24:26,359 --> 00:24:30,640 Speaker 1: Eddi Q from Apple and UH learning grown to learn 484 00:24:31,400 --> 00:24:33,480 Speaker 1: a lot from him and be able to pick his 485 00:24:33,560 --> 00:24:37,040 Speaker 1: brain once or twice. So he's my guys. He had 486 00:24:37,080 --> 00:24:39,360 Speaker 1: the game that Uh. I enjoy seeing them. I see 487 00:24:39,720 --> 00:24:42,880 Speaker 1: a veck. Uh, the King's owner a lot of our games. 488 00:24:42,880 --> 00:24:44,600 Speaker 1: I feel like he's trying to steal some of our mojo, 489 00:24:44,720 --> 00:24:47,000 Speaker 1: But which is smart? I would do the same thing. Uh, 490 00:24:47,119 --> 00:24:50,240 Speaker 1: he needs some of those through a no, through a 491 00:24:50,240 --> 00:24:53,640 Speaker 1: couple of frazesies. Uh. I've been able to pick his brain, 492 00:24:53,720 --> 00:24:55,919 Speaker 1: and I think he's a good guy. They're in the 493 00:24:56,000 --> 00:24:58,960 Speaker 1: right direction. They just had an amazing draft and picked 494 00:24:59,000 --> 00:25:02,639 Speaker 1: some great players, and they got the right veterans, Roynalds 495 00:25:02,680 --> 00:25:05,160 Speaker 1: guys as well. So I think he's you know, he's 496 00:25:05,480 --> 00:25:07,719 Speaker 1: you know, the more and more experience he's getting in sports, 497 00:25:08,800 --> 00:25:11,879 Speaker 1: you know, he's successful for reasons, so he'll he'll be 498 00:25:11,920 --> 00:25:14,479 Speaker 1: successful in basketball as well. All right, And lastly, for you, 499 00:25:14,480 --> 00:25:16,359 Speaker 1: you said you're getting into the content game. You're gonna 500 00:25:16,359 --> 00:25:18,080 Speaker 1: be have to do our job here. You're gonna be 501 00:25:18,080 --> 00:25:20,400 Speaker 1: the one asking the questions. Give me your sort of 502 00:25:20,440 --> 00:25:24,439 Speaker 1: home run a list from VC sports and tech that 503 00:25:24,520 --> 00:25:28,560 Speaker 1: you would like to interview. WHOA, that's a really good question. 504 00:25:28,920 --> 00:25:33,240 Speaker 1: I would interview Robert Smith is who I would interview, 505 00:25:33,960 --> 00:25:37,200 Speaker 1: And um, I wouldn't say VC. I wouldn't say he's 506 00:25:37,200 --> 00:25:41,719 Speaker 1: a VC, but he gets it. And uh, I'll take 507 00:25:41,800 --> 00:25:46,960 Speaker 1: Zuckerberg Zuckerberg. Um M. You know what I think would 508 00:25:46,960 --> 00:25:49,240 Speaker 1: be fun. It would be very interesting is Elon Musk. 509 00:25:49,840 --> 00:25:51,600 Speaker 1: I knew you were gonna say that because he's kind 510 00:25:51,600 --> 00:25:53,439 Speaker 1: of like the Kanye of the world. You never know 511 00:25:53,480 --> 00:25:56,679 Speaker 1: which way the interview is gonna go. It might he 512 00:25:56,760 --> 00:26:00,240 Speaker 1: might go on the rant, or it's something interesting is 513 00:26:00,240 --> 00:26:02,280 Speaker 1: going to come up in something that is going to 514 00:26:03,040 --> 00:26:06,879 Speaker 1: uh Twitter world will be going crazy for a while 515 00:26:07,640 --> 00:26:10,720 Speaker 1: after that interview. So that would be really exciting. Yeah, 516 00:26:10,760 --> 00:26:12,520 Speaker 1: I knew you would replace your S Class with a 517 00:26:12,560 --> 00:26:16,480 Speaker 1: brand new Tesla. Yeah, that has come becoming a car 518 00:26:16,600 --> 00:26:18,320 Speaker 1: that a lot of guys on our teams. We have 519 00:26:18,400 --> 00:26:21,720 Speaker 1: about four I think now for five. Kirk lake Up 520 00:26:21,760 --> 00:26:24,240 Speaker 1: has one too, so we're seeing it more and more. 521 00:26:24,720 --> 00:26:27,720 Speaker 1: All Right, that's Andre Iguodala, Golden State Warriors Tech investor, 522 00:26:27,920 --> 00:26:32,840 Speaker 1: entrepreneur living into the andre um, I think you got 523 00:26:32,840 --> 00:26:34,600 Speaker 1: it all all right. Well, thanks for taking some minutes. 524 00:26:34,680 --> 00:26:38,600 Speaker 1: We do appreciate it. Thank you, Thank you. Andre. Takeaways 525 00:26:38,600 --> 00:26:41,960 Speaker 1: from this interview, my goodness. I think about Andre Iguadala. 526 00:26:42,080 --> 00:26:46,200 Speaker 1: I think about many other athletes and Dominican Sue and 527 00:26:46,280 --> 00:26:51,199 Speaker 1: many other athletes involved who are very smart entrepreneurs and 528 00:26:51,200 --> 00:26:54,600 Speaker 1: who have the capital now to really, for lack of 529 00:26:54,600 --> 00:26:57,320 Speaker 1: a better term, and hyperboly change the world when it 530 00:26:57,320 --> 00:27:00,879 Speaker 1: comes to business. Yeah. For me, it's that the athletes 531 00:27:00,920 --> 00:27:04,639 Speaker 1: today are so much more cognizant that, yes they have 532 00:27:04,680 --> 00:27:08,000 Speaker 1: an eight million dollar contract, ten million dollar contract, that 533 00:27:08,320 --> 00:27:12,000 Speaker 1: there's another level, there's another strata out there. They're looking 534 00:27:12,040 --> 00:27:16,960 Speaker 1: at owners and they understand how to build on what 535 00:27:17,080 --> 00:27:20,639 Speaker 1: they have to get even more that they want to 536 00:27:20,720 --> 00:27:23,120 Speaker 1: be the guys who owned the team. It's not good 537 00:27:23,240 --> 00:27:25,560 Speaker 1: enough to have a nice house and a nice car, 538 00:27:25,600 --> 00:27:28,560 Speaker 1: as Andre said, or three or four cars. They want 539 00:27:28,640 --> 00:27:33,280 Speaker 1: to have ownership whatever they're doing. And that has changed 540 00:27:33,600 --> 00:27:37,160 Speaker 1: a lot with athletes these days. And diversity and ownership also, 541 00:27:37,359 --> 00:27:42,720 Speaker 1: that's a thing I picked up from Andre. Feels better 542 00:27:42,760 --> 00:27:44,800 Speaker 1: to be number one than number five. I'll wear a number. 543 00:27:44,840 --> 00:27:46,399 Speaker 1: Because of Mike, we have a chance to go for 544 00:27:46,440 --> 00:27:48,160 Speaker 1: three in a row. Kid numbers at a good time. 545 00:27:48,160 --> 00:27:50,280 Speaker 1: When I'd first started wearing the number, I would just 546 00:27:50,320 --> 00:27:54,359 Speaker 1: have the Floomberg business of sports, the number of the week. 547 00:27:54,880 --> 00:27:57,760 Speaker 1: Time Now for the number of the week, and it 548 00:27:58,080 --> 00:28:01,439 Speaker 1: is number two. I thought you were gonna do it 549 00:28:01,480 --> 00:28:06,240 Speaker 1: in some grand you know now batting number two? Yes, 550 00:28:06,320 --> 00:28:10,120 Speaker 1: not only does Derek Jeter or did Derek Jeter where 551 00:28:10,240 --> 00:28:14,240 Speaker 1: number two for the Yankees? But we are at long last, 552 00:28:14,280 --> 00:28:17,840 Speaker 1: and this has been a painstaking process for everybody involved. 553 00:28:18,280 --> 00:28:21,480 Speaker 1: We are down to two bidders from Miami and Marleans, 554 00:28:21,520 --> 00:28:26,320 Speaker 1: Derek Jeter in one group and jemas businessman in Miami. 555 00:28:26,720 --> 00:28:29,600 Speaker 1: The other numbers are around the same. We're around that 556 00:28:29,680 --> 00:28:32,639 Speaker 1: between one, one and one too. Now we're waiting for 557 00:28:32,680 --> 00:28:35,560 Speaker 1: Jeff Loria to make a decision. Speaking of numbers, and 558 00:28:35,600 --> 00:28:38,560 Speaker 1: this is just some trivia thing. Wasn't Derry Jeter the 559 00:28:38,640 --> 00:28:41,400 Speaker 1: last single digit number to be retired for the New 560 00:28:41,440 --> 00:28:43,400 Speaker 1: York Yankees? He was? He was. It's hard, you know, 561 00:28:43,400 --> 00:28:44,840 Speaker 1: when you join the Yankees, it's hard to pick a 562 00:28:44,920 --> 00:28:46,960 Speaker 1: number because so many are retired. But you know what, 563 00:28:47,040 --> 00:28:48,880 Speaker 1: asking you know what people are asking, and I'm gonna 564 00:28:48,960 --> 00:28:50,760 Speaker 1: you're gonna like what I'm gonna do here. You know 565 00:28:50,800 --> 00:28:54,000 Speaker 1: what people are asking inside of baseball, some of the 566 00:28:54,040 --> 00:28:58,920 Speaker 1: bankers involved, they're asking, are they paying too much for 567 00:28:58,920 --> 00:29:03,120 Speaker 1: this franchise that is losing money, that will have to 568 00:29:03,200 --> 00:29:06,720 Speaker 1: support losses for several years. Is there enough capital in 569 00:29:06,760 --> 00:29:10,080 Speaker 1: either of these groups to sustain this team, to invest 570 00:29:10,160 --> 00:29:12,240 Speaker 1: in the team, because that has not been the case 571 00:29:12,320 --> 00:29:14,800 Speaker 1: under Jeff Luria. The fans one and owner that can 572 00:29:14,840 --> 00:29:16,560 Speaker 1: put some money back in and if you spend it 573 00:29:16,600 --> 00:29:19,040 Speaker 1: all to buy it, there's no left over. Speaking of 574 00:29:19,120 --> 00:29:23,240 Speaker 1: us being together, see what I did. Thank you you've 575 00:29:23,240 --> 00:29:25,640 Speaker 1: been listening to Bloomberg Business of Sports. We are here 576 00:29:25,680 --> 00:29:28,040 Speaker 1: each and every week at the same time, exploring the 577 00:29:28,040 --> 00:29:30,560 Speaker 1: world of money and sports. I'm Michael barn and I'm 578 00:29:30,600 --> 00:29:32,800 Speaker 1: Scott Sashnik. Thanks for joining us, and please tune in 579 00:29:32,880 --> 00:29:35,280 Speaker 1: next week when we continue our discussions with the biggest 580 00:29:35,320 --> 00:29:36,640 Speaker 1: and brightest in the world of sports.