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Speaker 1: Earners. What's up. You ever walk into a small business

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Speaker 1: and everything just works like The checkout is fast, the

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Speaker 1: receipts are digital, tipping is a breeze, and you're out

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Speaker 1: using Square. We love supporting businesses that run on Square

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Speaker 1: to take payments, manage inventory, and run their business with confidence,

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Speaker 1: all from one simple system. If you're a business owner

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Speaker 1: or even just thinking about launching something soon, Square is

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Speaker 1: hands down one of the best tools out there to

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Speaker 1: it's about giving you time back so you can focus

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Speaker 1: on what matters most Ready. To see how Square can

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Speaker 1: backslash eyl. Don't wait, don't hesitate. Let's Square handle the

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Speaker 1: back end so you can keep pushing your vision forward.

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Speaker 1: This episode is brought to you by P and C Bank,

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Speaker 1: a lot of people think podcasts about work are boring,

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Speaker 1: and sure they definitely can be, but understanding of professional's

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Speaker 1: routine shows us how they achieve their success little by little,

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Speaker 1: day after day. It's like banking with P and C Bank.

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Speaker 1: It might seem boring to save, plan and make calculated

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Speaker 1: decisions with your bank, but keeping your money boring is

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Speaker 1: what helps you live or more happily fulfilled life. P

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Speaker 1: and C Bank Brilliantly Boring since eighteen sixty five. Brilliantly

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Speaker 1: Boring since eighteen sixty five is a service mark of

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Speaker 1: the PNC Financial Service Group, Inc. P and C Bank

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Speaker 1: National Association Member FDIC. Mark Cuban, Yeah, he invested five

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Speaker 1: million dollars into your six six million dollars.

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Speaker 2: Into your fund.

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Speaker 1: Talk about how that relationship transpired his belief in you.

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Speaker 3: Yeah, I mean again, probably have to ask him. I

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Speaker 3: don't want to speak for him, but I'll tell you

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Speaker 3: what happened. I grew up in Dallas, so I've known

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Speaker 3: about Mark for twenty years. And I also watched Shark

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Speaker 3: Tank when I was, you know, broke, and just always pretended.

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Speaker 3: I would pretend I was a fifth Shark or whatever.

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Speaker 3: So I just really admired him and Twitter at the

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Speaker 3: time before it was X. They asked us to speak

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Speaker 3: on a panel, like on a like fireside together at

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Speaker 3: south By Southwest because we both used Twitter in an

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Speaker 3: interesting way. So that was twenty nineteen. We went out

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Speaker 3: and I was toe to toe with him. You know,

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Speaker 3: I wasn't he doesn't like as you know, he didn't

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Speaker 3: like anybody kiss his ass like he he likes to

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Speaker 3: talk to you like normal. And that was that's how

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Speaker 3: we roll. And you know, he got to meet my family,

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Speaker 3: was very kind to them. And so after it went

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Speaker 3: really well, I said, hey, will you invest in my fund?

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Speaker 3: And he said no, And he said, I don't like

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Speaker 3: to invest in other people's funds for the most part,

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Speaker 3: because I like to invest directly into companies, having too

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Speaker 3: much fund doing that. So I said cool. You know,

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Speaker 3: I've had multiple notes, so I was very respectful to him.

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Speaker 3: A few weeks later, there was an article that came

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Speaker 3: out in like Silicon Valley Press whatever tech Crunch, or

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Speaker 3: it wasn't tech Crunch, it was Axios actually, and it

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Speaker 3: said it had like a really unflattering picture of me,

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Speaker 3: as they do, and it said that my fund had

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Speaker 3: failed because I wasn't able to raise it yet raise

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Speaker 3: this certain fund I was raising, so thirty six million

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Speaker 3: dollar fund that I went out to raise and I

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Speaker 3: hadn't raised it yet. And then so for some reason,

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Speaker 3: they just on this day decided to write that. And

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Speaker 3: that article, it didn't really accuse me of anything. It

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Speaker 3: just said that I was a failure and that people

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Speaker 3: had lifted me too high, said I was too good

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Speaker 3: before they should have. And because of that article, a

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Speaker 3: couple of our main LPs pulled out because they were like,

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Speaker 3: what's going on back there. I'm like, there's literally nothing

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Speaker 3: I have. The DM of the guy who wrote me

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Speaker 3: asked about this, and he was so nice to me,

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Speaker 3: but I didn't know he's gonna write that, so I

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Speaker 3: didn't do anything. Mark wrote to me. He sent me

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Speaker 3: a DM and he said, I saw the article and

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Speaker 3: he said, here's a million dollars, so you can just

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Speaker 3: do whatever you need to do, like make whatever investment

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Speaker 3: you want to make. And he said, what we need

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Speaker 3: to do is make you independently wealthy so you don't

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Speaker 3: have to deal with this shit. And it's like, you

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Speaker 3: are right, You're right, you were correct, And I appreciated him,

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Speaker 3: not only did he do that? He said, I said, okay,

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Speaker 3: you want to do it like a press release. He's like, no,

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Speaker 3: nobody needs to know this. It's cool. You do whatever

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Speaker 3: you If you want a press release, do it.

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Speaker 4: If you don't, don't.

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Speaker 3: He wasn't trying to get the accolades on top of that. Usually,

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Speaker 3: when you when you have a fund, especially a joint

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Speaker 3: fincher like that or all the funds, you have two

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Speaker 3: and twenty called so two percent management fee that you

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Speaker 3: get every year. It's just like standard. It could be varied,

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Speaker 3: but you get two percent management fee and then twenty

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Speaker 3: percent carry which is carried interest short for carried interest,

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Speaker 3: which is the profits you make off of your winnings.

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Speaker 3: That's really standard, he said, management fee whatever, you know,

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Speaker 3: UTU operated. But we'll be thirty percent profit share because

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Speaker 3: this is a true JV. And I mean he offered that,

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Speaker 3: and I just couldn't believe it because it's so it's

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Speaker 3: the kind of management fee that Endries and Horowitz can

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Speaker 3: command because it's so high. So I just thought that

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Speaker 3: there was a lot of integrity on his part, and

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Speaker 3: it was almost like that was the thing that told

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Speaker 3: me this is in charity. I was like this is

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Speaker 3: actually him, just like I don't know. It was just

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Speaker 3: really interesting. So then a year later, a year some

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Speaker 3: months later, George Floyd was murdered and I just got

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Speaker 3: an email from Market. Of course that had been talking

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Speaker 3: the whole year. We talk about deals, we talk about whatever.

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Speaker 3: I got an email from him and it just said

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Speaker 3: the subject said do you want to do? You want

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Speaker 3: to do more? Opened up the email and said, I'm

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Speaker 3: going to be transferring five million dollars into our GV

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Speaker 3: so we can. You know, he was he was livid

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Speaker 3: about George Floyd's murder and the and the way that

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Speaker 3: it was handled, and he wanted that was his way

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Speaker 3: of acting. That was one of his ways of acting

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Speaker 3: because he knew I was you know, we were already there.

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Speaker 3: We had the infrastructure to handle that. And let me

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Speaker 3: be real clear, like Marcus, he's very blunt. So he

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Speaker 3: he doesn't sit around. We don't sit around a giggle like,

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Speaker 3: we don't sit around. And he's like, oh, you're doing

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Speaker 3: such a great job. He's like, where is like, where's

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Speaker 3: the where is the path to me getting an ROI

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Speaker 3: on this return on investment?

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Speaker 4: Right?

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Speaker 3: He says that very he's very specific he treats me

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Speaker 3: like he treats every other investment, which is, I'm investing

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Speaker 3: in you so he can give me money back. It's

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Speaker 3: not a charity, right, He just makes sure that he

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Speaker 3: spends his dollars the way he wants the world to be,

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Speaker 3: like he wants to put his dollars a certain way.

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Speaker 3: So I asked him after that, first of all, I

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Speaker 3: do want to do a press release? He said, okay,

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Speaker 3: we could do a press release, only if you go

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Speaker 3: through this black Woman. I'm sorry, no, a Woman of colors,

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Speaker 3: very indie publication that I invested in. Only that's the

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Speaker 3: only way. I don't want you to go to tech

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Speaker 3: crime for anybody else USA today, which I could have,

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Speaker 3: which again one more step of like, oh that's really

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Speaker 3: that's just really doing it is intentional, right, because honestly,

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Speaker 3: I know, six millions dollars a lot of money. But

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Speaker 3: Mark could have if he wanted to, he could have

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Speaker 3: like used that been on every like mentioned it every

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Speaker 3: time he had an interview, and he would have made

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Speaker 3: six million dollars back in some sort of marketing, you know,

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Speaker 3: something that would have come back to him. I just

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Speaker 3: think he really just wanted to do it. So finally

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Speaker 3: I asked him why he did it, and he said,

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Speaker 3: you're in rooms I'll never be in. So it's just

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Speaker 3: the right play for me. And I you know, I

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Speaker 3: get court sided. I mean I buy court side seats

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Speaker 3: and too Mavericks that's the only one because I love

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Speaker 3: Mavericks Now, I just I usually love Mavericks. I usually.

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Speaker 3: I used to not know who Luka Doncik was. So

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Speaker 3: there's like a podcast episode from like two and a

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Speaker 3: half years ago where we're talking about I'm with Mark

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Speaker 3: talking about it, and he's like, do you know. I

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Speaker 3: was like, I don't know who that is. So I

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Speaker 3: started watching after so many years. I know people are

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Speaker 3: killing me right now and I'm obsessed now, So like

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Speaker 3: I'm I'm oh yeah, yeah, oh yeah. And I'm always

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Speaker 3: you know, of course i'd or get a sweet or whatever.

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Speaker 3: And anytime I say Marks, it's all it's all good.

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Speaker 3: My brother just ran into him.

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Speaker 4: At the NBA.

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Speaker 3: We were there. I just was in a hotel room

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Speaker 3: at the NBA All Star Game, and you know, there's

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Speaker 3: love for my brother and my mom, and he's just

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Speaker 3: really kind and there's some most of the companies he's

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Speaker 3: invested in he's never met the person. So for him

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Speaker 3: to like four or five six times make an effort

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Speaker 3: to come over and hug me and just like say

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Speaker 3: how you doing? In addition to all the emails that

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Speaker 3: we do, just really appreciate that. I'm not intimidated by him,

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Speaker 3: and I argue with him quite a bit because I

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Speaker 3: don't think he's right about a lot of stuff he

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Speaker 3: says to me. But you know, when someone argues with

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Speaker 3: you and they do it respectfully, like you can tell

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Speaker 3: like it's like a fair fight, you know, especially someone

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Speaker 3: who has a little bit more power than you do.

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Speaker 3: That's that's what it is.

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Speaker 4: So where's what's the roadmap too? You said, you know,

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Speaker 4: getting to where you want to go? Is it more pressed?

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Speaker 4: Is it just bigger checks from wealthier investors? Are you

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Speaker 4: targeting athletes when you go to the games? Now? So, like,

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Speaker 4: what's the roadmap to get to that one hundred million dollar,

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Speaker 4: three hundred million dollars? Whatever your goal is? To break

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Speaker 4: break that ceiling?

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Speaker 3: Yeah, we have been in great conversations with major banks,

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Speaker 3: Goldman Sachs, JP, Morgan, Bank of America. Bank of America

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Speaker 3: is already an investor of ours. Again, I'll say we're

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Speaker 3: I get into arguments with them, so that's part of it, right,

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Speaker 3: But I think Bank of America kind of broke the

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Speaker 3: mold for us by investing seven figures because then Goldman

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Speaker 3: Sachs and JP Morgan and SVB and the rest of them,

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Speaker 3: can you know, understand what it is. So I think

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Speaker 3: it's going to be that. I also think it's going

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Speaker 3: to be a lot of family offices. So you know,

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Speaker 3: I think that that's where we play best because it

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Speaker 3: isn't it isn't super traditional.

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Speaker 4: Can you talk about that?

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Speaker 1: So a lot of people, even in some of the

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Speaker 1: conversations we've been have over the past since twelve months,

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Speaker 1: the words family offices have come up in conversation, but

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Speaker 1: for a lot of population, they have no idea what

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Speaker 1: it is.

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Speaker 4: Just break that down.

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Speaker 3: Family office is essentially like a fund within a family

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Speaker 3: or a group of families is treated as a company

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Speaker 3: or an entity, a funding entity. And so you might

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Speaker 3: have like jay Z, for instance, he's he's making investments

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Speaker 3: out of his venture fund and that's kind of specific,

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Speaker 3: but he has people working there and that it's very specific.

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Speaker 3: LPs are in but he probably also has the Jay

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Speaker 3: Z and Beyonce family office where they make their own

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Speaker 3: investments and they have somebody at least one person, if

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Speaker 3: not seven, people running that, running the numbers on that,

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Speaker 3: and treating it, and it's it's just your own allocation.

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Speaker 3: Like for instance, one of my major one of my

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Speaker 3: major goals, and you know maybe by the time I'm

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Speaker 3: forty five, I only have a couple of years, is

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Speaker 3: to have a family office. Is it's just it's different

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Speaker 3: from angel investing because we're talking usually millions of dollars.

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Speaker 3: You can't have a family office with like five hundred

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Speaker 3: k talking millions of dollars, if not tens or hundreds

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Speaker 3: of millions of dollars, and you're investing directly out of

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Speaker 3: that and it's productized and has organization around it. And

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Speaker 3: so those are the reason we don't know about them

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Speaker 3: is because they're real stealth. They're a purpose. They're meant

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Speaker 3: to you know, if somebody knew that a certain it

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Speaker 3: doesn't have to be like a celebrity. If anybody you

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Speaker 3: have a family office that can deploy fifty million dollars

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Speaker 3: a year or twenty million dollars a year, they're going

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Speaker 3: to be hounded because they don't have that shield of

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Speaker 3: this is an entity of business over here. So like

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Speaker 3: family office sounds very intimate and accessible, so they don't

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Speaker 3: want it to be. So they're not going to put

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Speaker 3: up a website. Most likely they're not going to do that.

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Speaker 3: And what a lot of times a family office is too,

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Speaker 3: is like the they'll realize that they can only do

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Speaker 3: so much as a philanthropist, you know, they can only

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Speaker 3: do move the needle so much. But if they instead

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Speaker 3: of putting or in addition to putting their money as

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Speaker 3: you know, into charity, if they put it into companies,

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Speaker 3: it can be evergreen. So if a family has you know,

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Speaker 3: a big family has one hundred million dollars that they

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Speaker 3: want to spend over time, and they're used to putting

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Speaker 3: eighty million of that into charity, that goes away because

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Speaker 3: it's spent and they just and it's just kind of

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Speaker 3: goes away. They have to refill the coffers. But if

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Speaker 3: they have a family office that's making a return on

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Speaker 3: an investment over five, seven, fifteen years, they never have

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Speaker 3: to replenish that if they play it right. So that's

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Speaker 3: what they're going after. And a lot of times you'll

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Speaker 3: see these rich families combine their family offices so that

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Speaker 3: it's one group like five to ten people who are

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Speaker 3: hired by them to run four or five ten family

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Speaker 3: offices at once.

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Speaker 2: An illegal alien from Guatemala charged with raping a child

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Speaker 2: in Massachusetts. An MS thirteen gang member from Al Salvador

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Speaker 2: accused of murdering a Texas man of Venezuelan charged with

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Speaker 2: filming and selling child pornography in Michigan. These are just

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Speaker 2: some of the heinous migrant criminals caught because of President

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Speaker 2: Donald J.

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Speaker 5: Trump's leadership.

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Speaker 2: I'm Christy Noman, the.

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Speaker 5: United States Secretary of Homeland Security. Under President Trump, attempted

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Speaker 5: illegal border crossings are at the lowest levels ever recorded,

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Speaker 5: and over one hundred thousand dollars legal aliens have been arrested.

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Speaker 5: If you are here illegally, your next you will be

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Speaker 5: fine nearly one thousand dollars a day, imprisoned and deported,

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Speaker 5: you will never return. But if you register using our

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Speaker 5: CBP home app and leave now, you could be allowed

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Speaker 5: to return legally.

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Speaker 2: Do what's right. Leave now.

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Speaker 5: Under President Trump, America's laws, border and families will be protected.

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Speaker 3: Sponsored by the United States Department of Homeland Security,