1 00:00:01,240 --> 00:00:01,600 Speaker 1: Earners. 2 00:00:01,639 --> 00:00:02,000 Speaker 2: What's up. 3 00:00:02,080 --> 00:00:04,560 Speaker 1: You ever walk into a small business and everything just 4 00:00:04,720 --> 00:00:07,880 Speaker 1: works like The checkout is fast, the receipts are digital, 5 00:00:08,400 --> 00:00:11,399 Speaker 1: tipping is a breeze, and you're out the door before 6 00:00:11,400 --> 00:00:15,560 Speaker 1: the line even builds. Odds are they're using Square. We 7 00:00:15,720 --> 00:00:18,280 Speaker 1: love supporting businesses that run on Square because it just 8 00:00:18,280 --> 00:00:21,520 Speaker 1: feels seamless. Whether it's a local coffee shop, a vendor 9 00:00:21,560 --> 00:00:23,840 Speaker 1: at a pop up market, or even one of our 10 00:00:23,880 --> 00:00:27,560 Speaker 1: merch partners, Square makes it easy for them to take payments, 11 00:00:27,760 --> 00:00:31,480 Speaker 1: manage inventory, and run their business with confidence, all from 12 00:00:31,600 --> 00:00:35,000 Speaker 1: one simple system. If you're a business owner or even 13 00:00:35,080 --> 00:00:38,600 Speaker 1: just thinking about launching something soon, Square is hands down 14 00:00:38,640 --> 00:00:41,680 Speaker 1: one of the best tools out there to help you start, run, 15 00:00:41,920 --> 00:00:45,240 Speaker 1: and grow. It's not just about payments, it's about giving 16 00:00:45,240 --> 00:00:47,920 Speaker 1: you time back so you can focus on what matters 17 00:00:47,960 --> 00:00:51,199 Speaker 1: most Ready. To see how Square can transform your business, 18 00:00:51,479 --> 00:00:56,120 Speaker 1: visit Square dot com backslash go backslash eyl to learn 19 00:00:56,160 --> 00:01:01,360 Speaker 1: more that Square dot com backslash, go backslash eyl. Don't wait, 20 00:01:01,640 --> 00:01:04,480 Speaker 1: don't hesitate. Let's Square handle the back end so you 21 00:01:04,480 --> 00:01:10,839 Speaker 1: can keep pushing your vision forward. This episode is brought 22 00:01:10,840 --> 00:01:12,760 Speaker 1: to you by P and C Bank, a lot of 23 00:01:12,760 --> 00:01:16,360 Speaker 1: people think podcasts about work are boring, and sure, they 24 00:01:16,440 --> 00:01:20,319 Speaker 1: definitely can be, but understanding of professional's routine shows us 25 00:01:20,319 --> 00:01:24,840 Speaker 1: how they achieve their success little by little, day after day. 26 00:01:24,959 --> 00:01:27,440 Speaker 1: It's like banking with P and C Bank. It might 27 00:01:27,560 --> 00:01:30,440 Speaker 1: seem boring to save, plan and make calculated decisions with 28 00:01:30,480 --> 00:01:33,520 Speaker 1: your bank, but keeping your money boring is what helps 29 00:01:33,520 --> 00:01:36,640 Speaker 1: you live a more happily fulfilled life. P and C 30 00:01:36,760 --> 00:01:41,920 Speaker 1: Bank Brilliantly Boring since eighteen sixty five. Brilliantly Boring since 31 00:01:41,959 --> 00:01:44,640 Speaker 1: eighteen sixty five is a service mark of the PNC 32 00:01:44,720 --> 00:01:48,680 Speaker 1: Financial Service Group, Inc. P and C Bank National Association 33 00:01:48,880 --> 00:01:49,840 Speaker 1: Member FDIC. 34 00:01:51,680 --> 00:01:59,200 Speaker 3: Let's talk about this, the rollback of DI, the rollback 35 00:01:59,440 --> 00:02:06,680 Speaker 3: of corporate involvement with black organizations. You are in the 36 00:02:06,720 --> 00:02:08,480 Speaker 3: crossfires of that because you work with a lot of 37 00:02:08,520 --> 00:02:11,480 Speaker 3: corporations and you have a black event, right, Yeah? Has 38 00:02:11,560 --> 00:02:15,320 Speaker 3: that impacted you? What's your thoughts on this? Because a 39 00:02:15,320 --> 00:02:17,639 Speaker 3: lot of time people just hear this, but it doesn't 40 00:02:17,680 --> 00:02:22,639 Speaker 3: really matter if it doesn't impact you personally. So you, 41 00:02:22,720 --> 00:02:24,880 Speaker 3: as somebody that's operating at a high level and have 42 00:02:24,919 --> 00:02:29,200 Speaker 3: a lot of corporate relationships, what's your thoughts on everything 43 00:02:29,240 --> 00:02:30,240 Speaker 3: that's been happening. 44 00:02:30,919 --> 00:02:33,320 Speaker 2: Yeah, you know, our business is over forty million in revenue. 45 00:02:34,960 --> 00:02:37,400 Speaker 2: Half of it is aprotech, half of it is media. 46 00:02:37,919 --> 00:02:40,959 Speaker 2: So on the media side, revenue is up. Like all 47 00:02:41,000 --> 00:02:44,960 Speaker 2: these consumer advertisers are completely like cappin when it comes 48 00:02:44,960 --> 00:02:48,000 Speaker 2: to D and I, like it's very much a political fodder. 49 00:02:48,720 --> 00:02:51,000 Speaker 2: But when it comes to their bottom line and their 50 00:02:51,000 --> 00:02:54,240 Speaker 2: top line, you have to invest in black audiences and 51 00:02:54,280 --> 00:02:58,240 Speaker 2: consumers like we are where growth is, multiculturals, where growth is. 52 00:02:58,280 --> 00:03:01,359 Speaker 2: They already have the white consumers, so they can't put 53 00:03:01,360 --> 00:03:04,320 Speaker 2: their foot off the gas and not advertise to us. 54 00:03:04,880 --> 00:03:09,160 Speaker 2: Now how they advertise that shifts slightly. But actually the 55 00:03:09,160 --> 00:03:11,360 Speaker 2: tariffs are having a bigger impact on the media business 56 00:03:11,880 --> 00:03:16,720 Speaker 2: than the D and I executive orders really, So yeah, 57 00:03:16,760 --> 00:03:20,240 Speaker 2: so the D and I executive order was basically saying 58 00:03:20,840 --> 00:03:25,280 Speaker 2: like you can't have preferential treatment. So all the programs 59 00:03:25,360 --> 00:03:27,799 Speaker 2: and you know, these big commitments of we're going to 60 00:03:27,840 --> 00:03:30,120 Speaker 2: spen one hundred million dollars on black old media, like 61 00:03:30,280 --> 00:03:34,160 Speaker 2: they were honoring those anyways, So nothing really changed, Like 62 00:03:34,200 --> 00:03:35,520 Speaker 2: you are already going to spend what you were going 63 00:03:35,560 --> 00:03:37,360 Speaker 2: to spend with me, regardless of what you said you 64 00:03:37,400 --> 00:03:42,760 Speaker 2: were going to do, so nothing changed from our end 65 00:03:44,320 --> 00:03:48,800 Speaker 2: for the tariffs. The tariffs require people to be more 66 00:03:49,000 --> 00:03:52,680 Speaker 2: risk averse because they're not quite sure what's going to happen. 67 00:03:52,720 --> 00:03:55,760 Speaker 2: And Trump is changed in his mind constantly, I mean 68 00:03:56,960 --> 00:03:59,880 Speaker 2: literally Friday afternoon, like dude, what are you doing? You know, 69 00:04:00,280 --> 00:04:05,080 Speaker 2: So there, when people become unstable, they become more risk averse. 70 00:04:05,520 --> 00:04:08,720 Speaker 2: They become slower, you know, they slower with payment terms, 71 00:04:08,760 --> 00:04:12,040 Speaker 2: They're slower with are we going to release this product line? 72 00:04:12,120 --> 00:04:14,080 Speaker 2: Are we not going to release this product line. Advertising 73 00:04:14,120 --> 00:04:16,920 Speaker 2: is tied to campaigns and launches, so things get held 74 00:04:17,000 --> 00:04:19,640 Speaker 2: up because things are stuck in the ports or whatever. 75 00:04:20,200 --> 00:04:22,480 Speaker 2: That impacts how much they're willing to spent on advertising 76 00:04:22,480 --> 00:04:23,599 Speaker 2: those products and services. 77 00:04:25,120 --> 00:04:27,600 Speaker 1: That's interesting, I mean, and the other side of it, 78 00:04:27,839 --> 00:04:29,840 Speaker 1: and we've seen it as well, especially in media, when 79 00:04:29,839 --> 00:04:34,160 Speaker 1: there's uncertainty, when people are unsure, then they go to 80 00:04:34,440 --> 00:04:37,520 Speaker 1: trusted sources for news. Have you seen an uptick obviously 81 00:04:37,560 --> 00:04:40,040 Speaker 1: in your space during this I don't even know this 82 00:04:40,320 --> 00:04:43,239 Speaker 1: one hundred days, yeah, right. 83 00:04:43,080 --> 00:04:45,880 Speaker 2: Exactly, traffic stuff. I mean, media companies do well under 84 00:04:45,880 --> 00:04:48,440 Speaker 2: Trump because these chaos you kind of have to you 85 00:04:48,480 --> 00:04:51,800 Speaker 2: have to stay involved, and because people know they can't 86 00:04:51,839 --> 00:04:56,119 Speaker 2: trust mainstream media anymore. They're looking for alternative platforms, Like y'all. 87 00:04:56,160 --> 00:04:58,040 Speaker 2: I mean, I'm sure your traffic on your YouTube is 88 00:04:58,080 --> 00:05:01,280 Speaker 2: probably skyrocketing. I saw Martin. 89 00:05:01,560 --> 00:05:04,040 Speaker 3: He's good for business. 90 00:05:04,200 --> 00:05:07,360 Speaker 2: He's good for business. He's not good for society, but 91 00:05:07,440 --> 00:05:08,320 Speaker 2: he is good. 92 00:05:10,279 --> 00:05:12,280 Speaker 1: Things. Thank you, thank you for drawing that line. 93 00:05:16,560 --> 00:05:18,600 Speaker 2: But I do think I mean, even Roland Martin, I 94 00:05:18,640 --> 00:05:21,719 Speaker 2: think that like three hundred thousand subscribers in like ninety days. 95 00:05:21,760 --> 00:05:24,440 Speaker 2: You know, these are crazy numbers, but it's because people 96 00:05:24,480 --> 00:05:26,680 Speaker 2: are looking for reliable sources and people they trust that 97 00:05:26,720 --> 00:05:28,320 Speaker 2: they know they're going to get the truth from. 98 00:05:28,640 --> 00:05:32,440 Speaker 1: Yeah. I saw that you began investing into the stock 99 00:05:32,440 --> 00:05:34,679 Speaker 1: market at the age of thirteen, which I think is amazing. 100 00:05:35,080 --> 00:05:36,800 Speaker 2: What lessons from investing so. 101 00:05:36,800 --> 00:05:39,640 Speaker 3: Early have you taken into your media empire? 102 00:05:40,560 --> 00:05:40,800 Speaker 1: Mmm? 103 00:05:42,640 --> 00:05:44,960 Speaker 2: Cash is king. You know, the more cash you can 104 00:05:45,000 --> 00:05:46,920 Speaker 2: sit on, the more you can take advantage when the 105 00:05:46,920 --> 00:05:50,640 Speaker 2: moment strikes. You know, I've done three acquisitions in the 106 00:05:50,720 --> 00:05:52,800 Speaker 2: last you know, five years of black owned businesses. The 107 00:05:52,839 --> 00:05:54,440 Speaker 2: only reason we'll be able to do that is because 108 00:05:54,760 --> 00:05:58,120 Speaker 2: we had cash waiting for a moment that made sense 109 00:05:58,160 --> 00:06:01,560 Speaker 2: for us. And then the other thing is like when 110 00:06:01,560 --> 00:06:04,680 Speaker 2: it comes to investing. And I've also raised venture funding, 111 00:06:04,800 --> 00:06:06,600 Speaker 2: which you know, you guys have talked about quite a bit. 112 00:06:06,640 --> 00:06:10,240 Speaker 2: So I raised over twelve million dollars. You got to 113 00:06:10,240 --> 00:06:13,360 Speaker 2: treat every dollar that you get as your last and 114 00:06:13,400 --> 00:06:15,360 Speaker 2: you gotta figure out how you're gonna flip it. That's 115 00:06:15,360 --> 00:06:17,799 Speaker 2: the same thing with investing. When you get those moments 116 00:06:17,839 --> 00:06:22,159 Speaker 2: where you have unreasonable games, you got to take some 117 00:06:22,279 --> 00:06:27,040 Speaker 2: chips off the table for sure. Do not get greedy, okay, 118 00:06:27,680 --> 00:06:30,160 Speaker 2: And if we had listened to that, we all will 119 00:06:30,200 --> 00:06:32,800 Speaker 2: be doing really well right now. If we had sold 120 00:06:32,880 --> 00:06:36,600 Speaker 2: in November December being like this is looking pretty darn good, 121 00:06:37,920 --> 00:06:42,200 Speaker 2: and now that money would be worth basically sixty seventy 122 00:06:42,240 --> 00:06:44,560 Speaker 2: percent more because the stocks are down. So you sold 123 00:06:44,560 --> 00:06:46,400 Speaker 2: at the high, plus you're getting everything at the low. 124 00:06:46,600 --> 00:06:47,400 Speaker 2: That's a double win. 125 00:06:49,440 --> 00:06:51,360 Speaker 3: So can you walk us through, like some of your 126 00:06:51,360 --> 00:06:54,240 Speaker 3: acquisitions that you made, Yeah, for sure companies. 127 00:06:54,480 --> 00:06:58,239 Speaker 2: Yeah. The first one I bought was Traveloir So Travenoor 128 00:06:58,360 --> 00:07:03,240 Speaker 2: was an Instagram brand. They had group trips, which was amazing. 129 00:07:03,560 --> 00:07:08,080 Speaker 2: They did trips in Bahia and Johannesburg and Almafi Coast 130 00:07:08,120 --> 00:07:12,400 Speaker 2: with little you know, Grandma's cooking pasta and stuff, and 131 00:07:13,120 --> 00:07:16,600 Speaker 2: they had no media brand. Well, what we know is 132 00:07:16,600 --> 00:07:20,760 Speaker 2: that black travelers have huge discretionary income and are like 133 00:07:21,520 --> 00:07:25,760 Speaker 2: really growing because millennials and Gen Z we spend on 134 00:07:25,840 --> 00:07:29,680 Speaker 2: experiences way more than our parents did. So I was like, 135 00:07:29,760 --> 00:07:32,000 Speaker 2: all right, how do I build out Blavity in a 136 00:07:32,040 --> 00:07:34,920 Speaker 2: way where we're off of interest groups not just being black, 137 00:07:34,960 --> 00:07:38,000 Speaker 2: but like what black people are interested in, and travel 138 00:07:38,080 --> 00:07:40,720 Speaker 2: is one of them. So we bought Travel Noir that 139 00:07:40,840 --> 00:07:42,480 Speaker 2: was like twenty seventeen. I talked about it in my 140 00:07:42,520 --> 00:07:45,600 Speaker 2: book Rewriting Your Rules. And then the other brand that 141 00:07:45,640 --> 00:07:48,960 Speaker 2: we bought was Shadow and Act, same but for entertainment 142 00:07:48,960 --> 00:07:51,240 Speaker 2: in Hollywood. You know, black people watch more TV than 143 00:07:51,280 --> 00:07:55,480 Speaker 2: any other demographic in the country, and we just love 144 00:07:55,560 --> 00:07:57,920 Speaker 2: TV and we love watching TV as an activity with 145 00:07:57,960 --> 00:08:01,679 Speaker 2: other people, which is different. So that was the second 146 00:08:01,680 --> 00:08:03,920 Speaker 2: brand we bought. And then two years ago I bought 147 00:08:03,920 --> 00:08:06,560 Speaker 2: a brand called R and B House Party, which is 148 00:08:06,560 --> 00:08:09,360 Speaker 2: a traveling party series, so that we could build out 149 00:08:09,360 --> 00:08:11,400 Speaker 2: blavity Fest, which is our new festival which will be 150 00:08:11,440 --> 00:08:15,160 Speaker 2: in Atlanta at the end of May with two chains 151 00:08:15,160 --> 00:08:17,840 Speaker 2: and Kirk Franklin and all types of programming around black wealth. 152 00:08:18,280 --> 00:08:21,280 Speaker 2: So just starting out our experiential business on the blavity side, 153 00:08:21,280 --> 00:08:22,960 Speaker 2: which is super important for our business. 154 00:08:23,520 --> 00:08:26,400 Speaker 1: Yeah, you reference the book, rewrite your rules, let's talk 155 00:08:26,440 --> 00:08:28,960 Speaker 1: about it. You said, master yourself, master your method, master 156 00:08:29,040 --> 00:08:32,640 Speaker 1: your growth. Break that down for us. 157 00:08:33,400 --> 00:08:36,720 Speaker 2: Yeah, you know, I'm from Saint Louis originally, and nobody 158 00:08:36,760 --> 00:08:39,640 Speaker 2: really told me the game. What they told me was 159 00:08:39,960 --> 00:08:42,560 Speaker 2: you work hard, you get a good job, you go 160 00:08:42,600 --> 00:08:45,480 Speaker 2: to school the best education you can get, and like 161 00:08:45,640 --> 00:08:48,959 Speaker 2: it should all work out. And that's just not true. 162 00:08:49,640 --> 00:08:52,160 Speaker 2: Like there are so many people watching this where it's 163 00:08:52,240 --> 00:08:54,760 Speaker 2: like you did all the things you like, had the 164 00:08:54,760 --> 00:08:56,679 Speaker 2: good job, and you did all the things that you 165 00:08:56,760 --> 00:09:00,440 Speaker 2: did what was right. And we're watching a system, more 166 00:09:00,480 --> 00:09:03,040 Speaker 2: so today than ever before. We're the people who are 167 00:09:03,080 --> 00:09:05,719 Speaker 2: making the rules. They're making them for all of us 168 00:09:05,720 --> 00:09:09,720 Speaker 2: to follow, but they're not even following them. So what 169 00:09:09,760 --> 00:09:11,760 Speaker 2: do you do? You know, you have to decide for 170 00:09:11,800 --> 00:09:14,480 Speaker 2: yourself how you want to interact in that kind of system. 171 00:09:14,520 --> 00:09:16,840 Speaker 2: So this book is basically a framework to help you 172 00:09:16,880 --> 00:09:20,760 Speaker 2: figure out, well, if success is it? Like do all 173 00:09:20,760 --> 00:09:22,360 Speaker 2: these things and then you died this golden eag at 174 00:09:22,360 --> 00:09:25,360 Speaker 2: the end, what is my definition of success? And how 175 00:09:25,360 --> 00:09:26,840 Speaker 2: do I get there? What is the strategy and the 176 00:09:26,840 --> 00:09:28,800 Speaker 2: frameworks that I need to have in order to do it. 177 00:09:29,080 --> 00:09:31,520 Speaker 2: So it really is a workbook and a playbook for 178 00:09:31,559 --> 00:09:33,560 Speaker 2: people to be able to do that, you know, leveraging 179 00:09:33,600 --> 00:09:35,280 Speaker 2: all the ups and downs with blavity and the things 180 00:09:35,280 --> 00:09:37,920 Speaker 2: that I've done. But more importantly, like whether you're a 181 00:09:37,960 --> 00:09:40,280 Speaker 2: career nine to five or an entrepreneur, like you can 182 00:09:40,520 --> 00:09:42,640 Speaker 2: do what you want to do, but you have to 183 00:09:42,760 --> 00:09:43,679 Speaker 2: define it for yourself. 184 00:09:43,960 --> 00:09:47,640 Speaker 4: An illegal alien from Guatemala charged with raping a child 185 00:09:47,679 --> 00:09:51,479 Speaker 4: in Massachusetts. An MS thirteen gang member from El Salvador 186 00:09:51,720 --> 00:09:55,800 Speaker 4: accused of murdering a Texas man of Venezuelan charged with 187 00:09:55,920 --> 00:09:59,760 Speaker 4: filming and selling child pornography in Michigan. These are just 188 00:10:00,320 --> 00:10:04,160 Speaker 4: of the heinous migrant criminals caught because of President Donald J. 189 00:10:04,240 --> 00:10:08,000 Speaker 4: Trump's leadership. I'm Christy Noman, the United States Secretary of 190 00:10:08,040 --> 00:10:12,840 Speaker 4: Homeland Security. Under President Trump, attempted illegal border crossings are 191 00:10:12,880 --> 00:10:16,280 Speaker 4: at the lowest levels ever recorded, and over one hundred 192 00:10:16,320 --> 00:10:20,200 Speaker 4: thousand illegal aliens have been arrested. If you are here illegally, 193 00:10:20,720 --> 00:10:24,040 Speaker 4: your next you will be fined nearly one thousand dollars 194 00:10:24,040 --> 00:10:28,200 Speaker 4: a day, imprisoned, and deported. You will never return. But 195 00:10:28,280 --> 00:10:31,800 Speaker 4: if you register using our CBP home app and leave now, 196 00:10:32,160 --> 00:10:35,280 Speaker 4: you could be allowed to return legally. Do what's right, 197 00:10:35,840 --> 00:10:40,800 Speaker 4: leave now. Under President Trump America's laws, border and families 198 00:10:41,000 --> 00:10:41,840 Speaker 4: will be protected. 199 00:10:41,920 --> 00:10:44,040 Speaker 2: Sponsored by the United States Department of Homeland Security,