WEBVTT - Episode 275 "Fanbase" 0:00:03.400 --> 0:00:05.360 Borrow with me here, you know, BT, it's just so 0:00:05.440 --> 0:00:08.240 low shot of O C T. Color what we see, 0:00:08.400 --> 0:00:10.480 whole game, rid of Butler be something. Oh, you can't 0:00:10.520 --> 0:00:12.680 stand on their own. See I already know you can't 0:00:12.680 --> 0:00:14.240 bother with me because I brought up with. 0:00:14.160 --> 0:00:14.840 The squad of me. 0:00:15.120 --> 0:00:28.640 They get a little bit called Melo. 0:00:23.480 --> 0:00:26.239 Bathera Bler Welcome to the bar B Blert Show podcast 0:00:26.239 --> 0:00:26.759 O C T. 0:00:27.040 --> 0:00:27.400 Whatep. 0:00:27.480 --> 0:00:29.720 It's what you know is the case? 0:00:29.800 --> 0:00:30.680 The third is here? 0:00:31.840 --> 0:00:32.000 Yeah? 0:00:33.600 --> 0:00:37.640 Whatever the studio that we broadcast out of every single 0:00:37.680 --> 0:00:39.519 show we got joining us one more time. 0:00:39.760 --> 0:00:42.240 We see you every day. But you haven't been on 0:00:42.280 --> 0:00:45.120 the show people, it's been a minute. It's been almost 0:00:45.159 --> 0:00:47.000 a year. But it's been great, man. 0:00:47.000 --> 0:00:48.479 I mean there's been a lot of changes. 0:00:48.920 --> 0:00:51.320 Yeah. Man, you guys have really brought a lot of 0:00:51.440 --> 0:00:52.320 energy to the office. 0:00:52.479 --> 0:00:54.040 I love it. A lot of a lot of dope 0:00:54.080 --> 0:00:57.920 people come through. I hear so much. You know, good things. 0:00:57.960 --> 0:00:59.360 A lot of a lot of viral moments have come 0:00:59.400 --> 0:01:01.560 out of this office in the last probably almost a year. 0:01:01.720 --> 0:01:03.840 I know you like this my stay at my shit. No, 0:01:04.280 --> 0:01:04.959 I just like it. 0:01:05.200 --> 0:01:07.639 No, it looks good though. It's like the waited y'all 0:01:07.640 --> 0:01:09.680 really have given us a vibe and I think, I mean, 0:01:09.720 --> 0:01:12.399 that's what the office is for Ushoe content. So it's 0:01:12.440 --> 0:01:13.880 been incredible. I love it looks great. 0:01:13.959 --> 0:01:15.240 Now you've been all in the media. 0:01:15.360 --> 0:01:18.680 Man, what's your Clubhouse got going on? 0:01:18.800 --> 0:01:19.000 Man? 0:01:20.840 --> 0:01:23.080 Clubhouse? Clubhouse kind of came at me. Man. 0:01:23.319 --> 0:01:28.200 They they changed the way that they they the app works, 0:01:28.480 --> 0:01:30.480 and a lot of users started leaving and coming to 0:01:30.520 --> 0:01:33.280 fan base. It started about this time last week, like Thursday, 0:01:33.760 --> 0:01:36.399 like a week ago. It started about a week ago 0:01:36.480 --> 0:01:41.080 and we just noticed its up chicking users and over 0:01:41.120 --> 0:01:44.480 the weekend we had probably got thirty forty fifty thousand 0:01:44.560 --> 0:01:47.000 new users, like quick though, like really fast. We've had 0:01:47.040 --> 0:01:50.120 steady growth, but it's gone out of nowhere. So I 0:01:50.240 --> 0:01:52.160 go on the app, you know, talk a little bit, 0:01:52.240 --> 0:01:55.240 have a little conversation and Grant Cardon for the people 0:01:55.280 --> 0:01:58.640 that know Grant Cardons real estate mogul. He you know, 0:01:58.680 --> 0:02:00.880 he leaves his message where he does, like it was 0:02:00.920 --> 0:02:03.320 a single message that he doesn't like Clubhouse, and I 0:02:03.400 --> 0:02:06.160 just shot him a little message like yo, you need 0:02:06.200 --> 0:02:08.359 to come on over the fan base and check it out. 0:02:08.400 --> 0:02:09.520 And so come to death Row. 0:02:09.639 --> 0:02:14.919 Yeah, right, So the head of community at a clubhouse. 0:02:15.400 --> 0:02:17.960 This dude named Joe kind of hopped in the feed 0:02:18.440 --> 0:02:23.840 and expressed his disdain from me, saying that that that 0:02:23.840 --> 0:02:25.800 that grant needs to come to fan base. And I 0:02:25.800 --> 0:02:28.400 think that that pissed a lot of people off because 0:02:28.720 --> 0:02:31.960 the clubhouse themselves promote Clubhouse on Twitter. 0:02:32.080 --> 0:02:33.800 Yeah, because he was kind of trying to say that 0:02:33.880 --> 0:02:38.119 the way that you, as a CEO is marketing your app, 0:02:38.160 --> 0:02:40.760 which is fan base on their platform, is kind of 0:02:40.760 --> 0:02:41.600 like distasteful. 0:02:41.760 --> 0:02:45.320 Here's the thing that makes that funny. Clubhouse is value 0:02:45.320 --> 0:02:48.080 of four million dollars. They raised three hundred million dollars. 0:02:50.040 --> 0:02:53.240 In comparison to us we have we're about value to 0:02:53.280 --> 0:02:56.359 eighty five million dollars and I raised about nine point 0:02:56.440 --> 0:02:59.720 five million dollars. But why do you care? I'm I'm 0:02:59.760 --> 0:03:02.320 a fly to you guys like you're letting me know 0:03:02.320 --> 0:03:04.440 that you're bothered. You understand what I'm saying if you 0:03:04.520 --> 0:03:06.800 really and you really pressed about it, and if you 0:03:06.840 --> 0:03:08.880 got to like if you if an employee of the company, 0:03:08.880 --> 0:03:11.799 the head of community is mad that I'm saying something like, oh, 0:03:11.840 --> 0:03:13.919 come and check out another app. If you don't like it, 0:03:14.280 --> 0:03:16.799 then y'all are y'all will worried. So you got I 0:03:16.880 --> 0:03:19.200 think today's scared. And you know one thing about it. 0:03:19.240 --> 0:03:23.359 I love your clop back. Oh yeah, I tend to 0:03:24.000 --> 0:03:26.240 well it's not that I see, but I don't. I 0:03:26.360 --> 0:03:30.000 leave people alone and then somebody messes with me. Then 0:03:30.320 --> 0:03:32.960 you know, I respond. But you know, I mean the 0:03:33.000 --> 0:03:34.079 people have the people have. 0:03:34.120 --> 0:03:35.800 Chosen, and that's going to say. 0:03:35.880 --> 0:03:38.920 Obviously, this has definitely helped you because a lot of 0:03:38.960 --> 0:03:40.080 their users went to you. 0:03:40.160 --> 0:03:42.440 We had like over forty k new. 0:03:43.200 --> 0:03:46.360 Users, right, yeah, forty thousand. It's more than that. Like 0:03:46.360 --> 0:03:48.920 I said, we're almost at half a million users for 0:03:49.040 --> 0:03:51.040 fan base, which is a big milestone. 0:03:52.800 --> 0:03:54.040 But it was like all over the world. 0:03:54.080 --> 0:03:59.880 It was like India, Moga, d Shoe, Stockholm, Sweden, London, Bangkok, Thailand, 0:04:00.160 --> 0:04:03.040 like you know, Canada, Like we see these places all 0:04:03.080 --> 0:04:05.200 over the world and they're starting to move their communities 0:04:05.240 --> 0:04:08.200 over to fan base, which is causing massive views of growth. 0:04:08.920 --> 0:04:11.840 I'm closing this last rank, this last round of funding 0:04:12.640 --> 0:04:14.960 for the campaign on start Engine, so we're almost air 0:04:15.000 --> 0:04:17.000 right about three point eight million dollars and we're stopping 0:04:17.000 --> 0:04:20.159 at five million. So it's been like dope, it's been 0:04:20.200 --> 0:04:22.960 like Okay, let's lock this up. So this is the 0:04:23.000 --> 0:04:24.520 best week, I'll say you right now, this is the 0:04:24.560 --> 0:04:27.360 best week that fan Base has had as a company 0:04:27.400 --> 0:04:28.560 since I've launched the company. 0:04:28.680 --> 0:04:30.279 I mean, people are pulling up. 0:04:30.400 --> 0:04:33.400 And real quickly. I know, we just delve into the conversation. 0:04:33.560 --> 0:04:35.720 But can you tell people who don't know what fan 0:04:35.760 --> 0:04:37.560 base is exactly what that is? 0:04:37.920 --> 0:04:42.159 Yeah, So fan Base is is my version of social 0:04:42.240 --> 0:04:45.320 media for the future. I think that subscriptions are about 0:04:45.320 --> 0:04:48.440 to take over the world. Fan Base is designed with 0:04:48.520 --> 0:04:51.480 six media verticals to post, so it's free to download, 0:04:51.520 --> 0:04:54.800 free to use, it doesn't cost anything, and you can 0:04:54.920 --> 0:04:59.960 post content behind the paywall or not and half subscribe 0:05:00.120 --> 0:05:02.080 from either two dollars or ninety nine cents a month 0:05:02.120 --> 0:05:05.880 to ninety nine ninety nine a month. And it's a 0:05:05.920 --> 0:05:08.640 black founding. And the reason why that's important is because 0:05:09.120 --> 0:05:12.760 most of these startups make they're billions of dollars off 0:05:12.800 --> 0:05:16.440 of our community. Right are we are the gasoline to 0:05:16.560 --> 0:05:18.960 the engine, like we are never the We are never 0:05:19.040 --> 0:05:23.400 the vehicle, right, We're always what powers the vehicle. And 0:05:23.480 --> 0:05:26.760 so when that happens, there's no you know, the money 0:05:26.760 --> 0:05:28.400 doesn't go to these young kids and make all these 0:05:28.400 --> 0:05:31.120 cool dances and the constannots of the world, and all 0:05:31.160 --> 0:05:32.640 these people like they're getting paid. 0:05:33.000 --> 0:05:34.560 Some of them are, but most of them are. 0:05:35.040 --> 0:05:37.880 So for every const and not, there's probably fifty thousand 0:05:37.880 --> 0:05:40.679 that aren't, but they're still contributing content, making this company 0:05:40.960 --> 0:05:43.440 worth multi billions of dollars. And so the design of 0:05:43.480 --> 0:05:46.120 fan Base was to number one, let anybody on the planet, 0:05:46.120 --> 0:05:48.120 no matter what race, age, you are, whatever where you 0:05:48.160 --> 0:05:51.120 are on the planet, you can be yourself. We don't 0:05:51.200 --> 0:05:54.839 suppressure content, and you can make money. And so I 0:05:54.880 --> 0:05:56.960 just wanted to you know, if you're not this is 0:05:56.960 --> 0:05:59.720 the thing about disruption, if you're not pissing people off, 0:06:00.040 --> 0:06:02.480 not doing it right, that's what you're supposed to come 0:06:02.560 --> 0:06:05.240 to the party and ruin it for everybody. You're supposed 0:06:05.240 --> 0:06:06.440 to come in there, like I'm supposed to ruin it 0:06:06.480 --> 0:06:09.440 for clubs. As a competitor. It's but see, I don't 0:06:09.440 --> 0:06:11.640 think fan Base is a competitor at the clubhouse. I'm 0:06:11.640 --> 0:06:13.279 thinking I don't think fan Base is a competitor to 0:06:13.320 --> 0:06:17.120 any social media platform because number one, I think all 0:06:17.120 --> 0:06:19.120 these apps have a lifespan. They're going to live and 0:06:19.120 --> 0:06:21.200 they're going to die. I don't think there's any immortal 0:06:21.279 --> 0:06:22.920 social media platform. I think there's one, but I'm not 0:06:22.920 --> 0:06:26.160 gonna say. But like my Space is dead, Facebook's a 0:06:26.200 --> 0:06:29.839 singing citizen, right, Instagrams and Middle Asia a doult Snapchat, 0:06:29.880 --> 0:06:32.440 some millennial TikTok and centennial I be. I built fan 0:06:32.480 --> 0:06:35.039 Base to be the successor platform. So they're more in 0:06:35.080 --> 0:06:37.200 competition with me than I am with them because I'm 0:06:37.200 --> 0:06:40.960 over here doing subscriptions. I'm letting everybody get their content 0:06:41.000 --> 0:06:44.599 scene I'm not. I'm letting everybody be themselves. I'm not 0:06:44.680 --> 0:06:46.920 shadow banding people all that kind of stuff. So I 0:06:47.000 --> 0:06:50.159 just want people to have fun, especially young people to 0:06:50.160 --> 0:06:52.640 to you know, make money, and apps need to be fun, 0:06:52.760 --> 0:06:54.760 and we haven't. We're having fun over on fan Base. 0:06:54.800 --> 0:06:57.919 That's the thing is fun, it's new. And then and 0:06:57.960 --> 0:07:00.720 then allowing people to invest. You got to think about 0:07:00.760 --> 0:07:02.840 these companies, like think about like I said, I'll use 0:07:02.880 --> 0:07:06.160 Clubhouse as an example. You're a four billion dollar company. 0:07:06.320 --> 0:07:09.720 You raised three hundred million dollars. What percentage or what 0:07:09.800 --> 0:07:11.760 part of the users of that platform actually own a 0:07:11.760 --> 0:07:15.480 piece of the company. Probably next to nothing, Yeah, probably nobody. 0:07:15.520 --> 0:07:18.640 And what I noticed about Clubhouse too, is that like 0:07:18.720 --> 0:07:22.320 our culture built Clubhouse absolutely, and you know, when it 0:07:22.440 --> 0:07:26.680 was sold at a billion dollars, I didn't see anybody, 0:07:27.000 --> 0:07:30.680 you know, like yourself a mesia state, like all these 0:07:30.720 --> 0:07:33.240 people that was drawing me in, you know at the 0:07:33.280 --> 0:07:36.680 time to even be a part of an app like that, 0:07:36.760 --> 0:07:39.800 and I was like, they don't support you know, our culture, like. 0:07:40.520 --> 0:07:43.040 And the irony in that is there was not an audio. 0:07:43.080 --> 0:07:45.640 There was no audio on fan Base, fan maatesees didn't 0:07:45.640 --> 0:07:47.840 have audio. Well, the reason why I built audio into 0:07:47.920 --> 0:07:50.440 fan Base is because the first million users on Clubhouse 0:07:50.920 --> 0:07:53.440 asked to invest and they said no. Then they ran 0:07:53.480 --> 0:07:55.240 out and raised one hundred million dollars at a billion 0:07:55.280 --> 0:07:57.520 dollar evaluation. So I said, we're going to build audio 0:07:57.600 --> 0:07:59.600 because I was already at already raised three million dollars. 0:07:59.600 --> 0:08:01.400 So I said, the next round, I do. I just 0:08:01.480 --> 0:08:03.680 let people invest who wanted to own part of Clubhouse. 0:08:03.760 --> 0:08:06.040 Now they can own part of this version of audio, 0:08:06.400 --> 0:08:09.640 so that it's monetized for people to have that. So again, 0:08:09.680 --> 0:08:11.640 if you're not pissing people off, I think, you know, 0:08:12.280 --> 0:08:14.440 disruption is the name of the game. And they showed 0:08:14.480 --> 0:08:16.840 their hand, they really, you know, showed their hand at 0:08:16.840 --> 0:08:20.440 their little upset, but I think that's just a part 0:08:20.480 --> 0:08:22.520 of this growth though. I think the team has been 0:08:22.560 --> 0:08:25.680 working extremely hard. We got a bunch of new functionality coming. 0:08:26.680 --> 0:08:29.040 We're closing this round. If you got I'm not gonna 0:08:29.040 --> 0:08:30.640 put you on the spot. But if you guys aren't 0:08:30.640 --> 0:08:33.640 fan based investors, you should be fan based investors. Let 0:08:33.679 --> 0:08:35.360 me tell you why. Because we've had the best week 0:08:35.400 --> 0:08:37.840 we ever had. The minimum to invest in the company 0:08:37.920 --> 0:08:40.240 is two hundred and forty five dollars, right, That's like 0:08:40.640 --> 0:08:43.720 I say, people buy shoes. I see people go, you know, 0:08:43.760 --> 0:08:46.320 getting drinks at the club, have a good Saturday night. 0:08:46.920 --> 0:08:49.240 Imagine that, and then you spend the same amount of 0:08:49.240 --> 0:08:51.040 money on shares and fan base in eight years from now, 0:08:51.080 --> 0:08:53.959 you're like, wait, that company that I spent and were public. 0:08:54.080 --> 0:08:56.320 Wait my two hundred and forty five dollars is worth 0:08:56.640 --> 0:09:00.440 two hundred and fifty thousand dollars, Like, oh Apple, Like 0:09:00.520 --> 0:09:00.800 that's what. 0:09:01.240 --> 0:09:01.560 That's why. 0:09:01.600 --> 0:09:03.360 That's the opportunity that I'm giving people on why I 0:09:03.400 --> 0:09:06.559 think it's so important because we all can we all 0:09:06.600 --> 0:09:09.360 control the ability to make the platform valuable by using it. 0:09:09.640 --> 0:09:13.080 I'm gonna get baller alert on fan base and audio rooms. 0:09:13.280 --> 0:09:14.880 You guys should pull up on the audio rooms now 0:09:14.880 --> 0:09:18.840 because they get a little spicy. Okay, we're down, they're down. 0:09:18.880 --> 0:09:20.600 They're a little they're a little spicy. But it's a 0:09:20.640 --> 0:09:24.199 great way to build like real time audio. Like my version, 0:09:24.240 --> 0:09:26.320 my version, my vision of audio is different from what 0:09:26.360 --> 0:09:30.240 these other platforms are doing. But it's truly entertaining. I mean, 0:09:30.240 --> 0:09:32.280 our rooms are getting mastered to there. They're crashing the app. 0:09:32.320 --> 0:09:33.480 Then we got to wake up at three I've been 0:09:33.559 --> 0:09:35.240 up to three o'clock in the morning every day this 0:09:35.320 --> 0:09:39.720 week because it's like literally the app will be like glitching, 0:09:39.760 --> 0:09:41.160 and then we got to wake up and fix it. 0:09:41.200 --> 0:09:44.160 And I gotta go like host rooms, and people are saying, 0:09:44.200 --> 0:09:46.080 you know, a whole group of people want to move 0:09:46.120 --> 0:09:47.640 over from from club. 0:09:47.520 --> 0:09:50.319 All because you're getting so much traffic. Yeah, it's it's 0:09:50.320 --> 0:09:52.800 forcing us to grow, it's forcing us to be better. 0:09:52.840 --> 0:09:54.880 That's good. That's a good thing. Crashing app is good. 0:09:54.880 --> 0:09:56.319 That's why I say, crash our app. Keep doing it 0:09:56.360 --> 0:09:57.800 because it makes us better. We have to fix the 0:09:57.840 --> 0:10:00.160 app to make it dope. I just did a We 0:10:00.240 --> 0:10:04.160 just did the first ever in the history ever academic 0:10:04.200 --> 0:10:08.680 partnership within HBCU and a social media platform like academically 0:10:08.760 --> 0:10:11.560 so with CAU so I was down at CU yesterday. 0:10:12.400 --> 0:10:15.280 Fan Base is going to be taught as a class 0:10:15.920 --> 0:10:20.079 at Clark Atlanta University. So tons of things about marketing, 0:10:21.280 --> 0:10:25.960 emerging technology, you know, building an audience, all these things. 0:10:26.000 --> 0:10:27.760 You know, these kids that are really really interested, and 0:10:27.840 --> 0:10:30.880 so they were excited. I showed them the app. I 0:10:30.880 --> 0:10:32.560 got to show them the whole app. They got excited 0:10:32.600 --> 0:10:34.880 about three things. The first thing they got excited about 0:10:34.960 --> 0:10:36.680 was making money because I went live and made like 0:10:36.679 --> 0:10:38.880 fifty dollars in like five minutes, and they were like, Okay, 0:10:39.040 --> 0:10:42.280 that's crazy. Second thing was you can move your content 0:10:42.320 --> 0:10:45.320 from Instagram over to fan Base and it stays on Instagram, 0:10:45.360 --> 0:10:47.240 but you just migrated over, so it just ships it over. 0:10:47.320 --> 0:10:48.360 You can do that on TikTok. 0:10:48.640 --> 0:10:50.520 And the third thing that they got excited about, which 0:10:50.520 --> 0:10:53.560 I was really surprised, that they wanted to invest. And 0:10:53.600 --> 0:10:55.560 I was like, you should invest because you guys are 0:10:55.559 --> 0:10:57.480 the ones that are going to benefit this two hundred 0:10:57.520 --> 0:10:58.320 and forty five dollars. 0:10:58.600 --> 0:10:59.160 You know what I'm saying. 0:10:59.200 --> 0:11:01.240 I know college kids don't have a lot of money, 0:11:01.280 --> 0:11:03.520 but some of them do and have the ability, and 0:11:03.520 --> 0:11:06.640 it's a better investment than I'm gonna go, you know, 0:11:07.320 --> 0:11:08.760 run out and this weekend and hang out with my 0:11:08.800 --> 0:11:10.800 friends spend two hundred forty five dollars on some things 0:11:10.800 --> 0:11:12.440 that I'm never going to get back there that are 0:11:12.480 --> 0:11:14.880 not tangible. So that was the best part about that. 0:11:14.960 --> 0:11:17.600 So we'll be right back, but more of a baller 0:11:17.679 --> 0:11:23.680 Alert Show. You're listening to a special edition of the 0:11:23.679 --> 0:11:24.560 baller Alert Show. 0:11:24.640 --> 0:11:25.040 What's up? 0:11:25.040 --> 0:11:27.520 This is Isaac Hay's the third founder and CEO fan Base, 0:11:27.760 --> 0:11:29.680 and you're tuned into the baller Alert Show. 0:11:29.880 --> 0:11:31.960 You know, you've been building this app for a while, 0:11:32.400 --> 0:11:34.440 just like you said, as a black app, and like 0:11:34.480 --> 0:11:37.120 you said, just getting up at three o'clock. 0:11:36.760 --> 0:11:37.240 In the morning. 0:11:37.280 --> 0:11:39.960 As it's growing, it's crashing and you have to you know, 0:11:40.000 --> 0:11:41.520 fix it and things of that nature. 0:11:42.200 --> 0:11:46.000 Can you kind of like take us into what that's like. 0:11:46.280 --> 0:11:49.520 Yeah, well, I mean I have an amazing team. My 0:11:49.679 --> 0:11:53.600 CTO Ramiro and the team are incredible. They build the 0:11:53.640 --> 0:11:57.520 best product ever. Like I said that nothing speaks better. 0:11:57.600 --> 0:12:00.640 I can never speak for fan Base better than the 0:12:00.679 --> 0:12:03.200 app itself. Could you just download it, you use it, 0:12:03.240 --> 0:12:05.920 you see for yourself. What's going on. It's been fun 0:12:05.920 --> 0:12:08.160 because I'm a newbie to the space. This is the 0:12:08.200 --> 0:12:10.760 first time I've ever tried to build an app. I 0:12:10.800 --> 0:12:13.560 think that's a I think that's a blessing though, because 0:12:13.640 --> 0:12:16.000 I do not have a blueprint, so therefore I do 0:12:16.080 --> 0:12:18.160 not follow any rules that anyone told me to do. 0:12:18.240 --> 0:12:20.880 So I don't. I haven't been to Silicon Valley one time. 0:12:21.480 --> 0:12:22.880 I have it. No, I haven't. 0:12:22.920 --> 0:12:26.880 No, because listen, my friends, a lot of my friends 0:12:26.920 --> 0:12:29.000 that are in this space follow the rules and they 0:12:29.040 --> 0:12:29.520 got burnt. 0:12:30.040 --> 0:12:30.920 They got bad. 0:12:30.720 --> 0:12:32.920 Business deals, they got kicked out of their companies, they 0:12:32.920 --> 0:12:35.240 got screwed over by investors and stuff like that. And 0:12:35.280 --> 0:12:37.719 so me, coming from the music business, I understand that 0:12:37.800 --> 0:12:40.160 nothing is more shady than the music business. So tech 0:12:40.200 --> 0:12:42.840 it is like chech is like it is nothing, text nothing. 0:12:43.080 --> 0:12:45.440 I'm ready, I got thick skin. You know, you're getting 0:12:45.520 --> 0:12:47.600 judged as a producer whether your beats are hot or not, 0:12:47.679 --> 0:12:49.200 or whether you can make it as a producer your 0:12:49.200 --> 0:12:51.680 whole life. So I'm like, I don't. I'm not tripping 0:12:51.679 --> 0:12:54.760 about none of that. So not going to. 0:12:55.520 --> 0:12:58.160 The VCS, like VCS were like, oh. 0:12:57.960 --> 0:12:59.839 Why would you want to be why would you want 0:12:59.840 --> 0:13:02.840 to go against Mark Zuckerberg and Facebook like they're giants, and. 0:13:03.000 --> 0:13:05.720 Those are the people that give they give me money. 0:13:05.480 --> 0:13:07.680 So venture capitals, so are the ones actually fund these startups. 0:13:07.679 --> 0:13:09.679 And what's crazy is if you've been seeing what's going 0:13:09.679 --> 0:13:12.439 on with Arion Simone and Fearless Fun where they're trying 0:13:12.480 --> 0:13:15.280 to sue because of affirmative action. They're trying to block 0:13:15.320 --> 0:13:18.640 her because her fund is is dedicated towards women of 0:13:18.679 --> 0:13:22.640 color right specifically to fund their businesses. And so I 0:13:22.679 --> 0:13:25.440 forget that asshole's name the guy, but he's trying to 0:13:25.480 --> 0:13:28.360 sue her because of the Supreme Court decision to make 0:13:28.400 --> 0:13:29.920 it illegal for her to give that money, like it 0:13:29.960 --> 0:13:31.160 should just be for everybody. 0:13:31.440 --> 0:13:32.079 But here's the thing. 0:13:32.120 --> 0:13:35.520 Four hundred billion dollars of capital got distributed last year 0:13:35.559 --> 0:13:39.439 to all startups. Less than half of one percent went 0:13:39.480 --> 0:13:44.960 to minorities period. That's women, black, Latino age. It's like 0:13:45.400 --> 0:13:48.520 less than half of one percent. So the other four 0:13:48.600 --> 0:13:53.800 hundred billion, damn near went to white men. And that's crazy, 0:13:53.840 --> 0:13:57.160 and so it's really really hard. And then they're bad. 0:13:57.160 --> 0:14:00.200 They're bad deals. Like it's like I always say, like 0:14:00.200 --> 0:14:01.920 think about this. I'll give you my example. 0:14:01.960 --> 0:14:02.160 Of tech. 0:14:02.200 --> 0:14:04.840 For anybody that knows music, think of vcs as the 0:14:04.880 --> 0:14:08.360 record company, and think of startups as the artist. So 0:14:08.559 --> 0:14:10.960 if I'm fan based, I have no buzz. I'm just 0:14:10.960 --> 0:14:12.920 starting out. So if I go to a vcman like, yo, 0:14:13.200 --> 0:14:14.760 can I have some money for my startup? Sure, here's 0:14:14.760 --> 0:14:16.600 half a million dollars for twenty five percent of your company. 0:14:17.000 --> 0:14:20.960 That's the terrible deal. But somebody that doesn't know better 0:14:21.040 --> 0:14:23.400 or is really trying to get on and they'll take 0:14:23.440 --> 0:14:26.840 that right. So for me, when I heard that that 0:14:26.960 --> 0:14:28.640 was the deal, and then the VC was asked me 0:14:28.680 --> 0:14:31.480 should I be Should I should I? Why would I 0:14:31.520 --> 0:14:33.120 want to go up against Zuckerberger? I'm like, because I 0:14:33.120 --> 0:14:34.920 can build everything you can build, but you can't build 0:14:34.920 --> 0:14:38.360 black people. You can't build black culture. These apps don't 0:14:38.360 --> 0:14:41.240 work without us. Like we see the economic value that they. 0:14:41.240 --> 0:14:43.960 I don't see any of our people with executive job 0:14:44.080 --> 0:14:47.680 rolls at end of these major corporations either. Like I 0:14:47.760 --> 0:14:50.160 was just you know, looking at Clubhouse, and I was like, 0:14:51.280 --> 0:14:54.040 so it it ain't no black executives over they had. 0:14:53.920 --> 0:14:57.400 They had no that's what they had black executives over there. 0:14:57.440 --> 0:15:01.280 They laid them all off because the way that they 0:15:01.280 --> 0:15:04.040 were doing audio wasn't working and they went a different 0:15:04.080 --> 0:15:07.480 direction and the app got really toxic. 0:15:07.760 --> 0:15:08.720 Me and you were talking. 0:15:08.480 --> 0:15:11.480 About that like that, like the appline Clubhouse was like 0:15:11.840 --> 0:15:14.520 it got like it got like bloods and crips over there. 0:15:14.320 --> 0:15:17.880 Like yeah, like it's it's really like Clubhouse really started 0:15:17.960 --> 0:15:19.160 as an invite. 0:15:19.320 --> 0:15:20.640 It was like you had to get invited. 0:15:20.640 --> 0:15:23.160 It was like exclusive thing that everybody was on because 0:15:23.200 --> 0:15:25.000 you know, we was all bored in the pandemic. 0:15:25.040 --> 0:15:27.360 And you know, then I will always see you on there. 0:15:27.440 --> 0:15:30.520 I would see like Measy, which is twenty one Savage Manager, 0:15:30.920 --> 0:15:33.520 and you know, everybody just be on there discussing politics 0:15:33.600 --> 0:15:36.240 or you know talk, you know, talking about random stuff. 0:15:36.520 --> 0:15:40.280 Then I was like, now, man, it's like gangling on Clubhouse. 0:15:40.360 --> 0:15:42.600 You know, anytime I see it on social media, it's like, 0:15:42.920 --> 0:15:44.200 you know, involve some b. 0:15:44.480 --> 0:15:49.920 For so one one one creator Clubhouse got murdered from 0:15:49.960 --> 0:15:52.920 another from another user on Clubhouse, like they stopped them 0:15:52.920 --> 0:15:54.680 and killed them or something of or something. And then 0:15:54.720 --> 0:15:56.680 and then if people don't know what doxing is, you 0:15:56.680 --> 0:15:58.600 guys know what docs. So doxing is that's when the 0:15:58.600 --> 0:16:01.600 people that's when they your public information. So they would 0:16:01.920 --> 0:16:04.840 post your address and tell your address on Clubhouse, and 0:16:04.840 --> 0:16:07.200 then people would pull up the kids at they school 0:16:07.280 --> 0:16:10.080 or pull up to their house wun to fight and 0:16:10.080 --> 0:16:12.480 get into altercations. And first thing I said is that 0:16:12.600 --> 0:16:13.680 culture's not coming. 0:16:13.480 --> 0:16:15.240 To fan base, like and how would you prevent that? 0:16:15.760 --> 0:16:19.280 Because because because the bad apples that behave like that 0:16:19.320 --> 0:16:21.880 won't be on the Apple long enough. Because because and 0:16:21.920 --> 0:16:25.680 here's another thing that happened with Clubhouse, because this is crazy. 0:16:26.200 --> 0:16:28.160 I was, I was up all night, but I got 0:16:28.280 --> 0:16:31.800 up today and I spoke to a large group of 0:16:31.960 --> 0:16:36.480 Nigerians that used Clubhouse and they were like, yeah, we 0:16:36.520 --> 0:16:39.040 have a seventy five thousand member group on Clubhouse and 0:16:39.080 --> 0:16:42.480 I was like, I've never seen you guys. And that's 0:16:42.480 --> 0:16:45.560 because Clubhouse was segregated. So they pushed all the white 0:16:45.600 --> 0:16:47.400 people to one side, the black people to one side, 0:16:47.400 --> 0:16:51.360 the Latinos, the Asians, the Africans. They separated everybody. And 0:16:51.400 --> 0:16:53.880 so that's not how audio is supposed to because we're 0:16:53.880 --> 0:16:56.080 supposed to communicate and talk with each other. Like I'm 0:16:56.120 --> 0:16:58.720 the kind of person like I want I want the 0:16:58.720 --> 0:17:01.680 Trump supporters on fanbase, I want them in audio rooms. 0:17:01.680 --> 0:17:03.800 Because that was the cool part about Clubhouse You get 0:17:03.800 --> 0:17:05.119 to list you could be a fly on the wall 0:17:05.480 --> 0:17:08.160 of a community that you never like. Oh, I get 0:17:08.160 --> 0:17:10.440 to sit here and listen to these these these a 0:17:10.680 --> 0:17:13.200 millionaire real estate guys talk about how they do deals 0:17:13.600 --> 0:17:14.800 and just sit there and listen to this. 0:17:15.040 --> 0:17:17.760 Yep, I remember that not only Clubhouse. 0:17:17.800 --> 0:17:20.439 Do you feel like segregation is throughout all the social 0:17:20.480 --> 0:17:21.399 media platforms? 0:17:22.320 --> 0:17:23.520 No Clubhouse was. 0:17:23.520 --> 0:17:26.520 The Clubhouse was that was done during the pandemic because 0:17:26.560 --> 0:17:28.719 of Trump. So people were getting on there and they 0:17:28.720 --> 0:17:30.000 were and there was a lot of anti and so 0:17:30.040 --> 0:17:31.880 what happened was what really changed It was it wasn't 0:17:31.880 --> 0:17:34.280 the black stuff. It was a lot of anti Semitic 0:17:34.320 --> 0:17:36.199 things that were being said. And then that started trending 0:17:36.200 --> 0:17:39.200 on Twitter. And that's when Clubhouse said, Okay, the Trump 0:17:39.240 --> 0:17:40.959 supporters got to we got to push them to one 0:17:40.960 --> 0:17:44.240 side because Guota bron was coming on there like it's Clubhouse, 0:17:44.320 --> 0:17:46.879 Like it's Club's gonna allow anti Semitism and did it. 0:17:46.920 --> 0:17:49.680