WEBVTT - EYL #116 The Maverick feat. Mark Cuban 0:00:02.040 --> 0:00:08.080 My graduates from my school being forced back drop drop, Mike, 0:00:08.200 --> 0:00:09.559 drop back drop. 0:00:20.720 --> 0:00:26.119 All right, guys, welcome back, another exciting, groundbreaking episode for 0:00:26.200 --> 0:00:27.280 eyl So. 0:00:27.560 --> 0:00:28.560 The Billionaire Edition. 0:00:28.680 --> 0:00:31.400 Yeah, for sure, for sure, the Billionaire Boys Club. So 0:00:32.000 --> 0:00:34.800 you know, we've had the privilege of talking to a 0:00:34.840 --> 0:00:38.760 lot of great people and first and foremost, relationships are 0:00:38.760 --> 0:00:40.840 extremely important. So first and foremost we have to thank 0:00:40.880 --> 0:00:42.000 our guy, Al Harrington. 0:00:42.080 --> 0:00:43.760 Yeah, but before we get started, we gotta let him 0:00:43.760 --> 0:00:46.280 in on the breaking news alert. All right, So, earners, 0:00:46.320 --> 0:00:49.839 the time has come, eylu grad school is here, and 0:00:49.880 --> 0:00:52.360 you know how we bringing it. Over one hundred past webinars, 0:00:52.400 --> 0:00:55.880 weekly webinars from industry experts, monthly financial planning calls with 0:00:56.000 --> 0:00:58.560 a shat, our movie and book club, access to our 0:00:58.560 --> 0:01:01.720 private investment group on Facebook, and we've just added the 0:01:01.760 --> 0:01:05.200 home Buyers Blueprint Value one reloaded from our brother MG, 0:01:05.319 --> 0:01:07.840 the Boys Guy, which has over twelve hours of content 0:01:07.880 --> 0:01:09.760 to guide you through the process of buying a home 0:01:09.920 --> 0:01:11.960 with a number of home buying programs to get you 0:01:12.000 --> 0:01:14.440 through the process, y'all. And in addition to that, you 0:01:14.520 --> 0:01:18.120 now have access to our weekly mentorship calls for all 0:01:18.200 --> 0:01:21.160 Things real Estate, hosted again by brother. MG, it's an 0:01:21.200 --> 0:01:23.480 amazing package. We put it all together. We can't wait 0:01:23.480 --> 0:01:24.760 for you to see it and be a part of it. 0:01:24.800 --> 0:01:26.640 And right now it's fifty percent off. So you got 0:01:26.680 --> 0:01:28.960 to do is head over to eyl University dot com. 0:01:29.120 --> 0:01:31.520 You're gonna get fifty percent off. But yeah, shout out 0:01:31.520 --> 0:01:33.880 to Al al here and Alumni episode sixteen. 0:01:33.959 --> 0:01:35.920 Yeah, great guy, great guy. So you know, we put 0:01:35.959 --> 0:01:37.920 it power social media. We put a post on social 0:01:37.959 --> 0:01:40.360 media and it was like tag Mark Cuban if you 0:01:40.360 --> 0:01:43.280 want to see him on email was two thousand people 0:01:43.280 --> 0:01:46.319 we tagged them and Al hit me right in the 0:01:46.400 --> 0:01:49.120 DM like, hey, I just spoke to his guy, hit 0:01:49.200 --> 0:01:53.279 him right now, So I did, and to his credit, 0:01:53.360 --> 0:01:57.560 the whole team was just absolutely phenomenal. So you know, 0:01:57.720 --> 0:02:00.720 kudos kudos to everybody, Kudos to On and kudos to 0:02:00.840 --> 0:02:04.800 Jacob for being in. Kudos to Mark as well, just 0:02:05.440 --> 0:02:09.520 being extremely efficient and no hassle, no issues, and this 0:02:09.600 --> 0:02:11.560 is quick, got it got it done, got it done. 0:02:11.600 --> 0:02:17.000 So serial entrepreneur, NBA team owner, investor, TV Star Media, Mogul, 0:02:17.320 --> 0:02:22.720 family man, philanthropists, and legend coach Icon. So you know, 0:02:22.720 --> 0:02:24.120 we've talked to a lot of great people. 0:02:24.720 --> 0:02:26.799 Right, because it all goes down hill from there. 0:02:29.280 --> 0:02:31.160 Yeah, we talked to a lot of great people. Man 0:02:31.240 --> 0:02:34.360 shout out to Shag d Wade, Dame Dash. But this 0:02:34.480 --> 0:02:39.359 is the first billionaire station that so looking forward to it. 0:02:39.480 --> 0:02:43.280 So first and foremost, mister Cuban, uh, thank thank you 0:02:43.320 --> 0:02:48.400 for all right, all right now, Mark, Mark, thank you 0:02:48.440 --> 0:02:52.560 for joining us. Appreciate it, pleasure. So so let's just 0:02:52.639 --> 0:02:54.720 jump right into it. So, you know, our podcast is 0:02:54.720 --> 0:02:57.119 a little different because we kind of dig into the backstories. 0:02:57.200 --> 0:02:59.720 So the tweet that I put up it was when 0:02:59.760 --> 0:03:02.120 you say, and something to the effect of I had 0:03:02.200 --> 0:03:04.080 zero dollars with my bank account when I was twenty 0:03:04.120 --> 0:03:08.080 seven years old, and that went viral because you know, 0:03:08.120 --> 0:03:11.080 I did the calculations based off of Wikipedia. It was 0:03:11.200 --> 0:03:13.880 like it was like ten years later you became a millionaire, 0:03:13.880 --> 0:03:16.960 and fifteen years later you became a billionaire. So you know, 0:03:17.000 --> 0:03:19.760 that's that's inspiring to a lot of people because it's like, 0:03:19.960 --> 0:03:21.800 you know, they see a billionaire and it's like to 0:03:21.840 --> 0:03:23.640 know a billionaire at one point in time in his 0:03:23.800 --> 0:03:27.520 late twenties had zero dollars in his bank accounts. So 0:03:27.560 --> 0:03:29.480 can we can we start where it all begins? So 0:03:29.680 --> 0:03:31.120 I know you moved to Dallas when you were in 0:03:31.160 --> 0:03:34.239 eighteen eighty two and you was a bartender and then 0:03:34.760 --> 0:03:37.240 you worked at a software company where you got fired. 0:03:37.320 --> 0:03:39.720 So can you can you start there? 0:03:40.600 --> 0:03:42.880 Sure? So I went to Indiana University and a bunch 0:03:42.920 --> 0:03:46.160 of my buddies had gone down to Dallas, and they 0:03:46.200 --> 0:03:49.160 were like, so you know from Indiana, there's like the 0:03:49.160 --> 0:03:52.280 weather's good, you know, the girls are hot, and the 0:03:52.320 --> 0:03:57.840 economy's great. I'm like, wait, wait, back up second one. 0:03:58.120 --> 0:04:01.320 And so I had a theat X one nine and 0:04:01.400 --> 0:04:03.880 nineteen seventy seven Fiot X one nine with a hole 0:04:03.880 --> 0:04:07.000 on the floorboard, and so I wanted to go someplace warm, 0:04:07.040 --> 0:04:09.320 and I thought about La but my car wouldn't make it. 0:04:09.560 --> 0:04:12.200 Thought about Miami. My car wouldn't make it. But I 0:04:12.200 --> 0:04:15.360 could make the eight hours from Bloomington, Indiana, down to 0:04:15.800 --> 0:04:18.240 Dallas because I could calculate the amount of oil I 0:04:18.279 --> 0:04:20.640 was going to need every sixty miles and the amount 0:04:20.640 --> 0:04:22.760 of gas I was going to use. So I got 0:04:22.800 --> 0:04:26.440 down there and I moved in with my buddy and 0:04:26.640 --> 0:04:31.800 his five four roommates, so I made number six. So 0:04:31.880 --> 0:04:34.400 there were six to bucks living in a three bedroom apartment. 0:04:34.920 --> 0:04:37.360 Obviously I had to get a job, and so I 0:04:37.440 --> 0:04:39.279 got a job working as a bar I say it 0:04:39.320 --> 0:04:41.599 was a bartender, but I was more bar back, and 0:04:41.680 --> 0:04:43.680 every now and then I would pour a drink, right, 0:04:43.720 --> 0:04:47.680 you know how it goes. And so did that at night, 0:04:48.040 --> 0:04:49.800 and then during the day I went looking for a 0:04:49.920 --> 0:04:53.800 job and got a job working for a computer store 0:04:54.080 --> 0:04:56.160 called Your Business Software. It was one of the first 0:04:56.400 --> 0:05:00.320 early computer stores. I remember being doing my intervie you 0:05:00.400 --> 0:05:02.760 because I had never taken computers in college. Nothing. I 0:05:02.760 --> 0:05:05.320 took one class and I cheated at them. And so 0:05:05.760 --> 0:05:08.120 I remember the guy asking me. He goes, well, what 0:05:08.160 --> 0:05:11.039 do you know about computers? And I'm like, I know 0:05:11.080 --> 0:05:13.479 how to read the manuals, right, I know how to 0:05:13.480 --> 0:05:15.680 sit in front of a computer and do basic stuff. 0:05:16.240 --> 0:05:19.719 And so he's like, well, all right, if you're willing 0:05:19.760 --> 0:05:22.320 to learn all this software programs by reading the manuals, 0:05:22.360 --> 0:05:25.200 I'll give you a shot. And so I got that job, 0:05:26.480 --> 0:05:28.559 paid me enough to pay my share of the rent. 0:05:29.520 --> 0:05:32.600 It still had my shitty ass car. And I'll tell 0:05:32.640 --> 0:05:34.360 you another story about that in a minute. You talk 0:05:34.400 --> 0:05:38.520 about being broke. And so I got that job, and 0:05:38.600 --> 0:05:41.000 so life is just going on, right, just trying to, 0:05:41.080 --> 0:05:43.240 you know, keep up with everything and pay my bills. 0:05:43.520 --> 0:05:46.360 Then my car dies and so now I got no car. 0:05:46.720 --> 0:05:48.800 I mean it had to hole on the floorboard, you 0:05:48.839 --> 0:05:51.120 know where I could see the road while I was driving, 0:05:51.360 --> 0:05:52.920 so I knew it was just a matter of time. 0:05:53.520 --> 0:05:55.600 And I didn't have any money to get a new car. 0:05:56.160 --> 0:05:59.520 So probably two weeks later and I'm getting rides to 0:05:59.560 --> 0:06:02.719 work in there everything. Two weeks later, we're driving along 0:06:02.760 --> 0:06:04.960 with my buddts and we're driving along and there's a 0:06:04.960 --> 0:06:08.920 car on the side of the road. I'm like, stop. 0:06:09.040 --> 0:06:12.440 He's like what He's like, somebody had to abandon that car. 0:06:12.560 --> 0:06:15.719 It was like a nineteen eighty Transam or nineteen seventy 0:06:15.800 --> 0:06:18.760 something Transam. I'm like, someone had to abandon that car, 0:06:18.800 --> 0:06:21.159 and I need a car, and so no, Lie, I 0:06:21.200 --> 0:06:23.960 had my buddy pull over. I open up the car door. 0:06:24.000 --> 0:06:26.960 It's open, right, and there's papers. And anybody who's ever 0:06:27.000 --> 0:06:29.640 missed a car payment right or had a car repossessed 0:06:29.920 --> 0:06:32.480 knows exactly what I'm talking about. Right, you got all 0:06:32.520 --> 0:06:35.080 the papers and everything, and you're trying to figure out 0:06:35.080 --> 0:06:36.520 how to pay the bills, and then when you just 0:06:36.560 --> 0:06:38.200 can't pay it, and they're going to come get it. 0:06:38.400 --> 0:06:42.520 You just leave it right, You're just done with it 0:06:41.600 --> 0:06:45.400 and have it, you know. And so I knew what 0:06:45.560 --> 0:06:48.160 was going on, and so I opened the car, pulled 0:06:48.160 --> 0:06:50.279 out and saw the papers on the seat. Called the 0:06:50.360 --> 0:06:53.000 bank right, got got back to our apartment. This is 0:06:53.160 --> 0:06:55.400 before cell phones. Got back to the apartment, called the 0:06:55.440 --> 0:06:57.120 bank and said, I found this car on the side 0:06:57.160 --> 0:06:58.560 of the road. I know you guys are going to 0:06:58.600 --> 0:07:01.040 try to repossess it, and you do me a favor. 0:07:01.120 --> 0:07:02.920 I'll pick up the payments on it because I had 0:07:02.960 --> 0:07:05.240 my software job at that point. I'll pick up the 0:07:05.279 --> 0:07:08.880 payments on it because I lousey credit, awful credit. Like 0:07:08.920 --> 0:07:11.000 I had gone to radio Shack to try to buy 0:07:11.000 --> 0:07:13.520 a computer to help teach myself to learn, and I 0:07:13.560 --> 0:07:15.480 tried to do it on credit and they turned me down. 0:07:15.600 --> 0:07:19.160 Radio Shack turned me down, and so I called the bank. 0:07:19.400 --> 0:07:21.560 They gave me the okay to take over the payments. 0:07:21.560 --> 0:07:23.840 And that's when I started getting my life back on 0:07:23.960 --> 0:07:27.080 track and started building my credit up. But even then, 0:07:28.080 --> 0:07:31.239 I was like twenty four at the time and working 0:07:31.280 --> 0:07:33.520 at that job, and things started to go good for me. 0:07:34.040 --> 0:07:36.920 And then about nine months into that job. I had 0:07:36.960 --> 0:07:39.560 an opportunity to close the deal, and this deal would 0:07:39.560 --> 0:07:41.600 have got me a fifteen hundred dollars commission, which meant 0:07:41.640 --> 0:07:43.160 I could have moved out of we called it the 0:07:43.240 --> 0:07:45.480 Hill Hotel where I lived. It was in an apartment 0:07:45.480 --> 0:07:47.760 complex called the Village, and a little part of me 0:07:47.800 --> 0:07:49.640 called the Hill. And so I can move out of 0:07:49.640 --> 0:07:52.000 the Hill Hotel, which was a shithold if I got 0:07:52.000 --> 0:07:55.760 this fifteen hundred dollars commission. And so I go to 0:07:55.800 --> 0:07:58.280 my boss, who and I normally have to sweep the floor, 0:07:58.320 --> 0:08:00.560 open up the store and all that, and I'm like, look, 0:08:00.600 --> 0:08:02.240 I want to close this deal and he's like, no, 0:08:02.280 --> 0:08:03.880 you got to be there to open up the store. 0:08:04.320 --> 0:08:06.880 Made the executive decision to go pick up the check, 0:08:07.120 --> 0:08:09.520 thinking when I bring him a fifteen thousand dollars check, 0:08:09.600 --> 0:08:12.280 fifteen hundred of which is going to be mine, life 0:08:12.320 --> 0:08:16.440 is good. Right, fired me on the spot. I realized 0:08:16.480 --> 0:08:18.400 I was a shitty employee. At that point in time, 0:08:18.400 --> 0:08:20.560 it wasn't the first time I've been fired or quit 0:08:20.600 --> 0:08:23.600 a job, right, And so started my own business called 0:08:23.640 --> 0:08:27.080 micro Solutions, and that you know, I was taking a 0:08:27.080 --> 0:08:30.120 step back financially because I had no income coming in, 0:08:30.720 --> 0:08:33.520 begged somebody who was one of my prospects at the 0:08:33.559 --> 0:08:36.960 software store to load me five hundred bucks to be 0:08:37.040 --> 0:08:39.720 my first customer. So they gave me five hundred bucks 0:08:39.720 --> 0:08:42.839 so I can buy the software that they needed. And 0:08:43.120 --> 0:08:45.880 I took that and I just kept on growing from there, 0:08:46.280 --> 0:08:48.800 and so that three years later, you know, when I 0:08:48.840 --> 0:08:51.800 went to the ATM, I had my business going, but 0:08:51.920 --> 0:08:55.160 everything that I had was going into the business, right, 0:08:55.480 --> 0:08:58.680 And I thought, you know, it wasn't a normal paycheck, right, 0:08:58.720 --> 0:09:01.360 It wasn't a regular paycheck for me, and so you 0:09:01.440 --> 0:09:03.360 think sometimes you know, in your head, I've got a 0:09:03.440 --> 0:09:05.959 hundred bucks or two hundred bucks and you go there 0:09:06.040 --> 0:09:07.880 thinking you're going to take out some cash and it's 0:09:08.080 --> 0:09:10.880 all gone. And so that was that was my moment, 0:09:11.360 --> 0:09:14.040 and it was just like, Okay, this has got to 0:09:14.080 --> 0:09:15.840 be you know, it wasn't a low point because I 0:09:15.840 --> 0:09:18.400 had my company, but this was like the point where 0:09:18.880 --> 0:09:21.359 you know, I got to pay attention to the details 0:09:21.440 --> 0:09:23.559 and really start building this thing, and then it just 0:09:23.640 --> 0:09:25.400 blew up from there. I really put the effort in 0:09:25.400 --> 0:09:26.320 and it went big. 0:09:26.760 --> 0:09:30.440 So you didn't know anything about computers to actually working 0:09:30.480 --> 0:09:33.040 in a store with computers reading the manuals to getting 0:09:33.040 --> 0:09:36.280 a software company, Like, how is this still manuals? Are 0:09:36.320 --> 0:09:38.560 you starting to surround yourself around people who have some 0:09:38.600 --> 0:09:39.640 insight in the field. 0:09:40.080 --> 0:09:42.080 No, I got to learn, right because you know, if 0:09:42.080 --> 0:09:44.240 I'm going to be an investor now right, It's not 0:09:44.280 --> 0:09:46.120 like I'm worrying about my next sale right to pay 0:09:46.160 --> 0:09:48.640 to get my fifteen hundred dollars commission. But you know, 0:09:48.800 --> 0:09:50.600 but if I'm going to be the guy that, you know, 0:09:50.679 --> 0:09:54.040 whether it's on Shark Tank or or doing deals, if 0:09:54.080 --> 0:09:55.280 I'm going to be a tech guy, you got to 0:09:55.360 --> 0:09:58.679 learn the tech I mean literally, I've got all these 0:09:58.720 --> 0:10:01.760 books around here. I mean just about you know, learning 0:10:01.800 --> 0:10:07.359 new technology, learning about AI, learning about you know, personalized medicine, 0:10:07.400 --> 0:10:10.280 all these things. So yeah, I still will read the manual, 0:10:10.640 --> 0:10:13.000 you know, only now it's like a download instead of 0:10:13.000 --> 0:10:16.520 a book. But yeah, because you got to. Because if 0:10:16.520 --> 0:10:17.880 I'm going to be out there saying I'm a tech 0:10:17.880 --> 0:10:20.120 guy and I don't know shit about tech man, I 0:10:20.160 --> 0:10:22.640 don't want to be that guy. I'll pass that fake 0:10:22.679 --> 0:10:24.120 it till you make it. I want to be that 0:10:24.400 --> 0:10:25.800 guy who really knows the stuff. 0:10:26.120 --> 0:10:28.200 I want to ask you about selling the company to 0:10:28.360 --> 0:10:30.040 h and R block. But before that, you brung up 0:10:30.040 --> 0:10:34.480 a good point. How often do you do you educate 0:10:34.480 --> 0:10:35.160 yourself a day? 0:10:35.160 --> 0:10:35.280 Like? 0:10:35.400 --> 0:10:36.120 Is it like an hour? 0:10:36.440 --> 0:10:36.520 Like? 0:10:37.200 --> 0:10:40.560 Every day? Every minute? Everything I do is about learning more, 0:10:40.880 --> 0:10:42.760 because that's the only way I can kick your ass. 0:10:42.840 --> 0:10:45.120 You know. It's not I'm not going to out athletic 0:10:45.240 --> 0:10:49.000 you right, It's not about my basketball IQ. It's about 0:10:49.040 --> 0:10:52.920 my business i Q right, and technology and business and 0:10:53.080 --> 0:10:56.679 everything's always changing. If you know, five years ago, if 0:10:56.720 --> 0:10:59.199 someone would ask me about artificial intelligence, I want no 0:10:59.280 --> 0:11:02.559 ship right yet AI is the most important part of 0:11:02.920 --> 0:11:06.600 technology and really business going forward. So if I'm going 0:11:06.679 --> 0:11:09.880 to be an effective investor, an effective mentor, and an 0:11:09.880 --> 0:11:14.160 effective you know, operator of businesses, you know, even with 0:11:14.200 --> 0:11:16.720 the maths, I got to understand AI because you know, 0:11:17.160 --> 0:11:19.160 like with the Mavericks, when you know, when you talk 0:11:19.200 --> 0:11:23.720 about analytics, it's changed so dramatically even over the last 0:11:23.720 --> 0:11:27.800 five years, going from you know, different types of things 0:11:27.880 --> 0:11:31.720 per and you know, advanced RPM and all these different 0:11:31.840 --> 0:11:35.600 metrics for basketball to how do you implement artificial intelligence 0:11:35.640 --> 0:11:38.600 and pose estimation and computer vision and how do you 0:11:38.679 --> 0:11:41.080 understand all that stuff to make the right decisions for 0:11:41.160 --> 0:11:43.559 the maps and so if I want to be in 0:11:43.600 --> 0:11:46.280 a position to make those decisions and not just ask 0:11:46.280 --> 0:11:48.360 somebody else to do it, I got to learn it. 0:11:48.760 --> 0:11:51.960 And so I put in hours, I do tutorials, I 0:11:52.000 --> 0:11:55.200 take little online classes, and it doesn't make me an expert. 0:11:55.240 --> 0:11:57.000 It's not like I'm going to say, you know, I 0:11:57.000 --> 0:11:59.640 could get a job if I needed to running AI 0:11:59.800 --> 0:12:03.240 or any tech for a big company. I couldn't. But 0:12:03.320 --> 0:12:05.880 I understand all the concepts and understand the issues and 0:12:05.920 --> 0:12:08.280 how to apply them to business. So if you're going 0:12:08.320 --> 0:12:10.960 to be good at anything, you got to stay ahead 0:12:10.960 --> 0:12:13.840 of the game. And business is the ultimate sport, you know. 0:12:14.200 --> 0:12:15.640 I used to say it to Dirk and I always 0:12:15.640 --> 0:12:18.120 say it to Luca. You know, it's like, dude, you know, 0:12:18.280 --> 0:12:20.520 you play forty eight minutes. You know, a forty eight 0:12:20.600 --> 0:12:23.720 minute game. You practice a couple hours, you go home 0:12:23.840 --> 0:12:26.280 and you relax and you play. You know, you play 0:12:26.320 --> 0:12:29.480 Call of Duty. You know, business is twenty four x seven. 0:12:29.800 --> 0:12:32.120 I'm going every day because there's some sixteen year old 0:12:32.200 --> 0:12:33.960 kid out there trying to kick my ass in one 0:12:34.000 --> 0:12:36.600 of my companies and it ain't going to happen, right, 0:12:36.840 --> 0:12:39.360 And so I'm that competitive and I'm that, you know, 0:12:39.400 --> 0:12:41.559 I work that hard at learning to try to stay 0:12:41.559 --> 0:12:42.280 ahead of the game. 0:12:42.559 --> 0:12:44.280 I mean, that's that's amazing to hear you say you're 0:12:44.320 --> 0:12:47.320 taking online classes, and it's like, you know, for somebody 0:12:47.440 --> 0:12:51.480 of your stature to invest to still be investing your education, 0:12:51.640 --> 0:12:53.800 not to wrestle your lawrence. I think that that's something 0:12:53.840 --> 0:12:56.720 that's a teachable moment for all of us, but especially 0:12:56.800 --> 0:12:59.720 people that's aspiring to get to the next level. Is 0:12:59.800 --> 0:13:04.240 like if Mark Cuban is investing in his education, Like everybody. 0:13:04.360 --> 0:13:07.920 Competitive sport, the ultimate competitive sport. You don't know who 0:13:07.960 --> 0:13:11.360 your competition is. That's always changing. They're coming out of nowhere. 0:13:11.559 --> 0:13:14.560 There's some kid who thinks he's gonna bust your ass, right, 0:13:14.920 --> 0:13:17.439 you know, and walk in and try to take them, 0:13:17.440 --> 0:13:19.600 you know, just try to do something that beats your 0:13:19.600 --> 0:13:22.040 company or one of my investment companies. And I can't 0:13:22.080 --> 0:13:24.800 let that happen. You know, somebody's got to be lebroad, 0:13:25.120 --> 0:13:27.439 you know, and I may not get there, but I'm 0:13:27.440 --> 0:13:28.600 gonna bust my ass try it. 0:13:28.760 --> 0:13:30.920 So let me ask you this. When you sold the company, 0:13:30.920 --> 0:13:32.880 the first company that you sold I believe it was 0:13:32.920 --> 0:13:36.960 to H and R Block and it was thirty million, 0:13:37.000 --> 0:13:40.120 you netted two million, So how is how did how 0:13:40.200 --> 0:13:43.080 was that process and actually letting go and selling your 0:13:43.160 --> 0:13:46.760 first company and kind of springboarding that until we're going 0:13:46.840 --> 0:13:48.520 to talk about the next company after that, But what 0:13:48.600 --> 0:13:49.400 was the process in that? 0:13:49.840 --> 0:13:52.360 So we had thirty million in sales, we actually sold 0:13:52.360 --> 0:13:55.320 the company for five million. I brought on a partner 0:13:55.320 --> 0:13:56.920 who got to and then I gave a million to 0:13:56.960 --> 0:14:02.199 the employees, and so that netted me two million. And 0:14:02.240 --> 0:14:04.720 so I took that two million, and I got a 0:14:04.800 --> 0:14:07.880 broker at Goldman Sachs, and I'm like, I want to 0:14:07.920 --> 0:14:11.800 invest like an old man. I'm thirty years old. Because 0:14:11.840 --> 0:14:15.800 to me, the process was, you know, I always I 0:14:15.840 --> 0:14:18.559 took seven years. I worked frusting my ass at that company, 0:14:18.600 --> 0:14:21.520 seven years with no vacation, right my saying. I didn't 0:14:21.520 --> 0:14:23.800 go out and had fun. I did a lot of it, 0:14:24.160 --> 0:14:26.720 but everybody else was taken off to go to Mexico 0:14:26.840 --> 0:14:29.840 for a weekend or whatever. I had to stay back 0:14:29.840 --> 0:14:33.040 and work, and so, you know, I put in all 0:14:33.080 --> 0:14:36.120 this time, and my goal was always to retire, right. 0:14:36.240 --> 0:14:38.760 My goal wasn't to start this company and run it 0:14:38.880 --> 0:14:41.640 till I was seventy five years old, and grow it 0:14:41.680 --> 0:14:44.080 to be just a big, enormous company. My goal was 0:14:44.120 --> 0:14:46.680 retired by the time of I was thirty five and 0:14:46.720 --> 0:14:48.960 when I got the opportunity to sell the company, and 0:14:49.000 --> 0:14:50.800 what happened was I just got a letter from some 0:14:50.960 --> 0:14:53.800 dude who said he was interested in buying the company. 0:14:53.880 --> 0:14:56.240 He represented H and R block and I was like, 0:14:56.280 --> 0:15:00.360 come on, I've been waiting for you. Yeah, right, you know, 0:15:00.440 --> 0:15:03.080 I'm not messing around, and so, you know, and the 0:15:03.080 --> 0:15:06.280 offera was good enough at that point in time where 0:15:06.320 --> 0:15:07.920 I could say, you know what, if I'm willing to 0:15:07.960 --> 0:15:12.040 live like a student, I could retire. And so we 0:15:12.080 --> 0:15:14.280 went through the whole process. I went to Kansas City 0:15:14.280 --> 0:15:16.360 and met with the H and R Block Board told 0:15:16.400 --> 0:15:17.760 them when I was you know what I thought we 0:15:17.800 --> 0:15:21.000 would do. As it turns out, they had other plans. 0:15:21.040 --> 0:15:22.800 They just wanted to buy the company and have somebody 0:15:22.800 --> 0:15:25.680 else running. And I was like, fine, you take it. 0:15:25.920 --> 0:15:27.920 I'm good with that. You know, pay me a little 0:15:27.960 --> 0:15:31.400 salary to answer questions when you need me. And I 0:15:31.440 --> 0:15:34.840 bought a lifetime pass on American Airlines for one hundred 0:15:34.840 --> 0:15:36.920 and twenty five thousand dollars, which meant I could take 0:15:37.000 --> 0:15:39.480 me and anybody else anywhere I wanted to go in 0:15:39.480 --> 0:15:41.960 the world at a moment's notice. Man, I'm at a 0:15:41.960 --> 0:15:44.160 club in La. Let's go to Vegas. Come on, let's go. 0:15:44.480 --> 0:15:46.360 I'm in Vegas. You know you want to go to. 0:15:46.720 --> 0:15:48.360 How long was that? How long was that? Did that 0:15:48.400 --> 0:15:49.640 pass expire or is that? 0:15:49.760 --> 0:15:52.320 I aspired? After I bought my planes, I gave it 0:15:52.360 --> 0:15:53.080 to my dad. 0:15:52.920 --> 0:15:55.720 And went my uh A slice stunt slice stuff. 0:15:56.560 --> 0:15:57.560 I actually wrote that down. 0:15:57.680 --> 0:16:00.320 When you talk about your best investments, to first one 0:16:00.320 --> 0:16:02.680 you were explained is investing yourself and how learning is 0:16:02.680 --> 0:16:05.720 a skill. And your next one was the airline pass. 0:16:05.800 --> 0:16:07.400 I'm like, man, if I. 0:16:07.320 --> 0:16:09.640 Can get that, I don't know if they still sell them, 0:16:09.680 --> 0:16:12.560 but I doubt it. I'm in La, right and I 0:16:12.640 --> 0:16:17.600 met a female friend about fifteen minutes earlier, and I'm like, 0:16:17.680 --> 0:16:22.720 let's go to bake it. Oh, let's go to Vegas. 0:16:23.000 --> 0:16:25.680 And he's like, okay, let's go. So you know, all 0:16:25.680 --> 0:16:27.479 you got to do is call and make a reservation. 0:16:28.120 --> 0:16:31.440 And I made the reservation and when I show up, 0:16:31.640 --> 0:16:33.680 they have to make seats available in first class for 0:16:33.800 --> 0:16:36.680 me and my guests. And so I walked in there 0:16:37.040 --> 0:16:44.000 and they're booting out magic John's I'm like, you don't 0:16:44.000 --> 0:16:45.080 know me from madam. 0:16:44.760 --> 0:16:49.640 And I'm just hey, Yeah, that's great. I heard Rick 0:16:49.680 --> 0:16:51.960 Will say that he got a wingstop because he wanted 0:16:52.000 --> 0:16:54.400 to show like the woman he was caught and he 0:16:54.400 --> 0:16:58.200 could get wings at any point. This kind of Trump's it. 0:17:00.520 --> 0:17:04.639 I'm a boss, right, and the best part of the 0:17:04.680 --> 0:17:07.000 remixing name drops me. So that's even better. 0:17:07.320 --> 0:17:09.359 You got it? Hey, I put his album up because 0:17:09.359 --> 0:17:16.639 he drops Teflon down shout out to Rose. So so 0:17:16.680 --> 0:17:18.239 we got to talk about one of the legend one 0:17:18.280 --> 0:17:21.120 of the most legendary situations of all time and business. 0:17:21.160 --> 0:17:24.200 So audio net you start that in nineteen ninety five, 0:17:24.280 --> 0:17:28.400 which becomes broadcast dot Com in nineteen ninety eight, which 0:17:28.440 --> 0:17:33.000 was first live stream uh service that showed Victoria's Secret 0:17:33.000 --> 0:17:36.359 fashion show Ye, the first one resting peace period, FIRS streaming, 0:17:36.880 --> 0:17:39.879 first streaming gay. You revolutionized the whole streaming process. So 0:17:40.840 --> 0:17:43.000 you sell that in the middle of the dot com 0:17:43.000 --> 0:17:47.560 boom to Yahoo for five point seven billion dollars. The 0:17:47.600 --> 0:17:49.560 reason why this is so crazy for anybody that's not 0:17:49.560 --> 0:17:51.480 really familiar with it is like the dot com boom 0:17:51.560 --> 0:17:54.159 was when a lot of companies was getting brought at 0:17:54.280 --> 0:17:58.760 very high valuations. But it was like perfect timing because 0:17:59.400 --> 0:18:01.040 from my end is Dan correct me if I'm wrong 0:18:01.160 --> 0:18:04.080 the company it was. You got Yahoo stock which was 0:18:04.119 --> 0:18:06.280 at like an all time high peak after it split 0:18:06.800 --> 0:18:09.199 of five hundred and then they peaked. It was eight 0:18:09.240 --> 0:18:12.600 one hundred and eighteen dollars in nineteen ninety nine. Two 0:18:12.680 --> 0:18:16.760 years later that stock with at eight dollars ninety three 0:18:16.760 --> 0:18:20.440 percent drop in two thousand, you brought the Mavericks for 0:18:20.480 --> 0:18:24.359 two hundred and eighty five million. So what happened with that? 0:18:24.400 --> 0:18:25.600 Did you? Did you sell the stock? 0:18:25.920 --> 0:18:26.160 History? 0:18:26.440 --> 0:18:29.439 Answer short? The stock like how did you have a 0:18:29.440 --> 0:18:31.120 crystal ball? Are you a psychic? 0:18:32.440 --> 0:18:35.520 Well? First of all, like after I sold micro Solutions 0:18:35.560 --> 0:18:38.679 and that two million dollars, I started off investing real conservative. 0:18:39.000 --> 0:18:40.720 But my broker used to come to me all the 0:18:40.720 --> 0:18:43.680 time and say, ask me questions about these technology companies, 0:18:43.960 --> 0:18:46.800 and I would know more about them than the people 0:18:46.800 --> 0:18:49.680 who are buying selling the stocks that the brokerages, and 0:18:49.760 --> 0:18:52.840 so you know, I would give them answers and realize 0:18:53.080 --> 0:18:55.320 after I gain answers, the stocks would go up and down. 0:18:55.359 --> 0:18:57.359 If I said good stuff, the stocks will go over 0:18:57.400 --> 0:18:59.520 if I said I'm like and He's like, dude, you 0:18:59.560 --> 0:19:01.520 got to start trading these stocks because you know more 0:19:01.520 --> 0:19:03.879 than our analysts. And so I did, and I was 0:19:04.080 --> 0:19:07.040