WEBVTT - BILLIONAIRE ROBERT F. SMITH SELLS CYBERSECURITY COMPANY TO IBM FOR $4.6 BILLION

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<v Speaker 1>An illegal alien from Guatemala charged with raping a child

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<v Speaker 1>in Massachusetts. An MS thirteen gang member from Al Salvador

0:00:07.720 --> 0:00:11.840
<v Speaker 1>accused of murdering a Texas man of Venezuelan charged with

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<v Speaker 1>filming and selling child pornography in Michigan. These are just

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<v Speaker 1>some of the heinous migrant criminals caught because of President

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<v Speaker 1>Donald J. Trump's leadership. I'm Christy nom the United States

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<v Speaker 1>Secretary of Homeland Security. Under President Trump, attempted illegal border

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<v Speaker 1>crossings are at the lowest levels ever recorded, and over

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<v Speaker 1>one hundred thousand illegal aliens have been arrested. If you

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<v Speaker 1>are here illegally your next you will be fined nearly

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<v Speaker 1>one thousand dollars a day, imprisoned, and deported. You will

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<v Speaker 1>never return. But if you register using our CBP home

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<v Speaker 1>app and leave now, you could be allowed to return legally.

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<v Speaker 1>Do what's right. Leave now. Under President Trump, America's laws,

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<v Speaker 1>border and families will be protected.

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<v Speaker 2>Sponsored by the United States Department of Homeland Security.

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<v Speaker 3>Get your tickets to invest Vests. Sean Diddy COHMS has

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<v Speaker 3>been confirmed as a headliner. Congratulations to the great Robert

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<v Speaker 3>Smith who sold a company for four point four point

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<v Speaker 3>six billion dollars.

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<v Speaker 4>It was.

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<v Speaker 3>It was a cybersecurity I believe cybersecurity company name uh a.

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<v Speaker 4>Patio.

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<v Speaker 5>Microsoft purchased it.

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<v Speaker 3>Correct, IBM Mike Rossoft, No, IBM purchased it.

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<v Speaker 5>Four Uh.

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<v Speaker 3>He made a lot of money on that transaction. So

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<v Speaker 3>let's break this down how this work quickly. It wasn't

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<v Speaker 3>that he sold his company. I still a lot of

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<v Speaker 3>people that that was a little confused in the comments section,

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<v Speaker 3>saying like, you know, they know we shouldn't be selling

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<v Speaker 3>our companies.

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<v Speaker 6>So four billion, ye say it for four billion? Yes

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<v Speaker 6>you should, Yes you should. If somebody off of y'all

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<v Speaker 6>four billion, listen, you can sell a red pandem might

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<v Speaker 6>have two and a half. Right now, I'll even hit

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<v Speaker 6>at the table. Let me get my fifty slap tander.

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<v Speaker 6>We shouldn't sell companies. The purpose of buying a company

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<v Speaker 6>or building a company is to sell it so then

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<v Speaker 6>can enjoy time with your family, not to be slaves forever.

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<v Speaker 5>Or perhaps create more companies. Yeah.

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<v Speaker 3>Well the thing with his so his business is private equity.

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<v Speaker 3>So they what they do is that they purchase companies. Right,

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<v Speaker 3>They invest in companies, but they pretty much like purchase

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<v Speaker 3>the company they they own. Majorities take in the company.

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<v Speaker 3>So they'll buy X, Y and Z company and they'll

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<v Speaker 3>pay one hundred million dollars to have fifty one percent

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<v Speaker 3>ownership of the company. And the reason why the owner

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<v Speaker 3>of the business will do that is because you know,

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<v Speaker 3>they feel like they have taken it to the point

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<v Speaker 3>where they can't take it any further. And now you

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<v Speaker 3>know they need they need to scale it, they need resources,

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<v Speaker 3>they need money. What did with the hope and the

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<v Speaker 3>attention that the company is valued at one hundred million today.

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<v Speaker 3>By the time that they sell it, they might sell

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<v Speaker 3>it for a billion, right, and then everybody eats because

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<v Speaker 3>now you're going to make money on that on that

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<v Speaker 3>side as well. So that's actually what he does for

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<v Speaker 3>a living. He buys companies and then he sells them.

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<v Speaker 3>Paul Judge just texts me, that's ironic, Paul, So.

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<v Speaker 2>We need your Paul on the show. And Rashan Williams

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<v Speaker 2>my brother.

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<v Speaker 6>I know you're not doing interviews, but if we can

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<v Speaker 6>get you and Paul on the show together, that would

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<v Speaker 6>be great.

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<v Speaker 2>For the culture. I bet rasa go ahead.

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<v Speaker 4>Gotta put it out there for sure.

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<v Speaker 3>So it's his, it's it's his business model to buy

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<v Speaker 3>companies and to sell them. So we just have to

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<v Speaker 3>educate the public to understand that he didn't sell out.

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<v Speaker 3>It's not like he you know, sold his company, and

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<v Speaker 3>he could. He could sell his company if he wants.

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<v Speaker 3>That's his that's his right, but that's not actually what happened.

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<v Speaker 3>So he sold and he sells companies all the time.

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<v Speaker 3>This was just a very big sale. So, yeah, he

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<v Speaker 3>sold the company for four point six billion. Everybody made

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<v Speaker 3>a lot of money in that transaction. It's not like

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<v Speaker 3>he gets four point six billion obviously, because he has

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<v Speaker 3>partners in the company and you know, the owner original owners.

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<v Speaker 4>So let's say he made a hundred million. No matter what,

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<v Speaker 4>he made a lot of money, right.

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<v Speaker 3>So this is something that very important piece of news.

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<v Speaker 3>And of course he will be headlining invest FST. So

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<v Speaker 3>it's crazy because that came out and then at the

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<v Speaker 3>same week our other headliner, Diddy made news. It came

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<v Speaker 3>out that Diago parted ways with him. And that's a

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<v Speaker 3>big deal as far as the the tequila brand that

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<v Speaker 3>he has and really understanding the business side of that.

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<v Speaker 3>And he enlightened us to a variety of different things

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<v Speaker 3>that we weren't aware of when We spoke to him

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<v Speaker 3>about the the liquor industry and why he sued and

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<v Speaker 3>why he felt that it was it wasn't fairly done,

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<v Speaker 3>and he was saying, like, you know, the information is

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<v Speaker 3>important for entrepreneurs to know when you're dealing with corporate

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<v Speaker 3>like how they take advantage of people and how they,

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<v Speaker 3>you know, play off with your ignorance. So he's the

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<v Speaker 3>headline as well. And then the other key headliner in

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<v Speaker 3>this situation is Richard Paul And it came out that

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<v Speaker 3>on the first day, on the first day of NBA

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<v Speaker 3>Free Agency, three hundred and ninety million closed in contracts

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<v Speaker 3>for three of his clients and he will be at

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<v Speaker 3>invest Fest.

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<v Speaker 7>And that was just in the first day. He has

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<v Speaker 7>since added more to that portfolio. We just saw, uh,

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<v Speaker 7>Anthony Edwards just signed an extension for over two hundred

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<v Speaker 7>and sixty million.

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<v Speaker 5>They are there, they're Richard.

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<v Speaker 4>But here's the best thing.

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<v Speaker 3>There's a bunch of other people that we can't announce it.

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<v Speaker 4>We announced my line up out of practice patience.

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<v Speaker 7>There was a text that came through two days ago

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<v Speaker 7>that you don't even know about that we I'm gonna

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<v Speaker 7>have to text you about. That's been added, it is

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<v Speaker 7>historic is an understatement. Monumentous is an understatement. What's gonna

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<v Speaker 7>happen here is something that is going to be beyond legendary.

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<v Speaker 7>When you have this level of talent, this level of

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<v Speaker 7>brain capacity, this level.

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<v Speaker 5>Of earners, what's up.

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<v Speaker 7>the line even builds odds are they're using Square. We

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<v Speaker 7>love supporting businesses that run on Square because it just

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<v Speaker 1>An illegal alien from Guatemala charged with raping a child

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<v Speaker 1>in Massachusetts. An MS thirteen gang member from Al Salvador

0:08:30.280 --> 0:08:34.440
<v Speaker 1>accused of murdering a Texas. Man of Venezuelan charged with

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<v Speaker 1>filming and selling child pornography in Michigan. These are just

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<v Speaker 1>some of the heinous migrant criminals. Caught because of President

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<v Speaker 1>Donald J. Trump's leadership. I'm Christy nom the United States

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<v Speaker 1>Secretary of Homeland Security. Under President Trump, attempted illegal border

0:08:50.720 --> 0:08:54.280
<v Speaker 1>crossings are at the lowest levels ever recorded, and over

0:08:54.320 --> 0:08:57.520
<v Speaker 1>one hundred thousand illegal aliens have been arrested. If you

0:08:57.600 --> 0:09:01.480
<v Speaker 1>were here illegally, your next you will be fine nearly

0:09:01.559 --> 0:09:05.600
<v Speaker 1>one thousand dollars a day. Imprisoned and deported, you will

0:09:05.600 --> 0:09:09.240
<v Speaker 1>never return. But if you register using our CBP home

0:09:09.320 --> 0:09:12.679
<v Speaker 1>app and leave now, you could be allowed to return legally.

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<v Speaker 1>Do what's right.

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<v Speaker 7>Leave now.

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<v Speaker 1>Under President Trump, America's laws, border and families will be protected.

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<v Speaker 7>Sponsored by the United States Department of Homeland Security of

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<v Speaker 7>excellence in the same place at one time.

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<v Speaker 5>What's about to happen for our community is going to

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<v Speaker 5>be life changing.

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<v Speaker 3>Man, get your tickets to a beside. This is something

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<v Speaker 3>that's never been done before, ever in history of the world.

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<v Speaker 3>And get your hotel. We have a hotel block. It's

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<v Speaker 3>on a website.

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<v Speaker 4>Do you now watch to the.

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<v Speaker 6>Last minute or you'll be staying in Tennessee trying to

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<v Speaker 6>drive over.

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<v Speaker 5>Yeah.

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<v Speaker 7>So the first hotel block is going, but I think

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<v Speaker 7>they have the second one at the higher regency the regency.

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<v Speaker 7>So if you're trying to get a hotel tap in

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<v Speaker 7>at the High Regency, go to our website investments dot com.

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<v Speaker 5>Get all the information. Make sure y'all get your rooms.

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<v Speaker 5>Y'all want to be there in person. Be there early.

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<v Speaker 5>We're going to be there about a week early. We're

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<v Speaker 5>gonna be doing a couple of other things that we're

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<v Speaker 5>gonna announce, but make.

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<v Speaker 4>But I want to say something too about it.

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<v Speaker 3>A This is a lot of people say all the

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<v Speaker 3>time where it's like, well, if he sold it for

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<v Speaker 3>four billion, then it was worth twenty eight They get

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<v Speaker 3>this from this master P thing when master P was like, well, well.

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<v Speaker 4>For sure.

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<v Speaker 3>But I mean, yeah, it's kind of common sense if

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<v Speaker 3>just think about this logically, right, if you're selling something

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<v Speaker 3>to me and I'm buying it from you, I think

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<v Speaker 3>that it's more valuable than what you're selling it for,

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<v Speaker 3>or I wouldn't buy it.

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<v Speaker 4>That's just that's just that's just the common Yeah.

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<v Speaker 3>And it's supply chain for them to make it's a

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<v Speaker 3>it's the system only works if there's a buyer and

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<v Speaker 3>a seller. There has to be a seller for the

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<v Speaker 3>system to work. If there's no if there's no seller,

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<v Speaker 3>it's not going to work. So this is like the

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<v Speaker 3>original barter system right where it's like, if you're selling

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<v Speaker 3>me something, I think that I'm going to pay for

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<v Speaker 3>it right now, but it's worth more than that, or

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<v Speaker 3>I wouldn't buy it. So that's not the best way

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<v Speaker 3>to go about it. To think like, well, if he

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<v Speaker 3>sold it for four billion and hel much, because it

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<v Speaker 3>might not be in his interest to keep the company

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<v Speaker 3>for twenty years and nurture it, and he got a

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<v Speaker 3>bunch of other he's buying a hundred companies in that timeframe, right,

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<v Speaker 3>Like his model is to buy it, build it, and

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<v Speaker 3>sell it. IBM's model might be to groom it, grow it.

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<v Speaker 3>Neither one of them are bad, but we have to

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<v Speaker 3>be careful because we just we're repeating narratives that we

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<v Speaker 3>fully don't even understand ourselves.

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<v Speaker 2>And maybe that didn't work for other people. Yeah, you

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<v Speaker 2>can hold.

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<v Speaker 6>On to like So, if you're an entrepreneur and you

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<v Speaker 6>sell to or have an angel invest, there needs to

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<v Speaker 6>be room for the angel to invest and take it

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<v Speaker 6>to venture.

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<v Speaker 2>Venture needs to be able to take it to.

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<v Speaker 6>Private equity or go public once the IPOs It needs

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<v Speaker 6>to be room for the retail investor to have room

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<v Speaker 6>for it to grow.

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<v Speaker 2>Also, you should know what that multiple is.

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<v Speaker 6>So if I take Randpanda and sell it to Schwab

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<v Speaker 6>for two and a half, I need to know how

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<v Speaker 6>long it take them to get to a multiple sixteen

0:12:04.400 --> 0:12:06.800
<v Speaker 6>for it to be worth it in a down economic

0:12:06.880 --> 0:12:08.600
<v Speaker 6>environment over a four or five year period.

0:12:09.040 --> 0:12:10.480
<v Speaker 2>Otherwise no deal.

0:12:11.840 --> 0:12:15.640
<v Speaker 6>That's why you have to study every market, every swath

0:12:15.679 --> 0:12:18.320
<v Speaker 6>of investor, whether it's small, large.

0:12:18.040 --> 0:12:18.800
<v Speaker 2>Private equity.

0:12:18.960 --> 0:12:21.800
<v Speaker 6>And that's why if you come to market mondays or investment,

0:12:21.800 --> 0:12:23.640
<v Speaker 6>that's like you need to listen to all the not

0:12:23.760 --> 0:12:25.640
<v Speaker 6>just if you're in real estate, you need to listen

0:12:25.640 --> 0:12:28.080
<v Speaker 6>to more of the private equity and publicly traded side.

0:12:28.080 --> 0:12:29.360
<v Speaker 6>If you're in stocks, you need to go listen to

0:12:29.440 --> 0:12:32.600
<v Speaker 6>pe in venture and media because you need to. Even

0:12:32.600 --> 0:12:34.480
<v Speaker 6>when we talk about celebrities, a lot of times people

0:12:34.679 --> 0:12:37.880
<v Speaker 6>say why the celebrity is also the marketing engine for

0:12:38.000 --> 0:12:40.400
<v Speaker 6>the company for it to go public. Going back to Diddy,

0:12:40.559 --> 0:12:43.559
<v Speaker 6>there's no way in hell they shouldn't have offered him

0:12:43.679 --> 0:12:46.160
<v Speaker 6>equity and they're offering him royalty on products. But when

0:12:46.280 --> 0:12:48.120
<v Speaker 6>Jay said I wanted to buy this to one point

0:12:48.160 --> 0:12:50.520
<v Speaker 6>five after they said it was one point five.

0:12:50.840 --> 0:12:51.920
<v Speaker 2>Why wouldn't you sell it?

0:12:52.120 --> 0:12:55.360
<v Speaker 6>Because it is worth way more and you don't want

0:12:55.440 --> 0:12:57.400
<v Speaker 6>him to get control and interest. But if you're not

0:12:57.960 --> 0:13:01.000
<v Speaker 6>having these conversations in your own reading the headlines on

0:13:01.040 --> 0:13:03.559
<v Speaker 6>Instagram and Twitter, it may not make sense.

0:13:04.000 --> 0:13:06.440
<v Speaker 2>It's been you want to talk Ponzi schemes.

0:13:06.800 --> 0:13:09.520
<v Speaker 6>That entire liquor market and how they've been using us

0:13:09.520 --> 0:13:12.720
<v Speaker 6>for branded and marketing for the last thirty years is

0:13:12.800 --> 0:13:16.440
<v Speaker 6>fucking egregious. No one would have been buying that product

0:13:16.480 --> 0:13:17.640
<v Speaker 6>if it wasn't for Diddy.

0:13:17.640 --> 0:13:20.079
<v Speaker 7>M And I mean the part that people got to

0:13:20.120 --> 0:13:21.760
<v Speaker 7>realize is that the amount of time that it took

0:13:21.800 --> 0:13:23.719
<v Speaker 7>for him to even get to that point, Right, he's

0:13:23.760 --> 0:13:26.520
<v Speaker 7>been trying to have his own spirits for twenty years.

0:13:26.679 --> 0:13:28.559
<v Speaker 7>Like we're watching it over the past ten like this

0:13:28.600 --> 0:13:30.760
<v Speaker 7>is great, Like we started seeing those so rock commercials

0:13:30.800 --> 0:13:32.720
<v Speaker 7>and maybe in O eight on nine when he's you know,

0:13:32.760 --> 0:13:33.760
<v Speaker 7>they're doing the Oceans eleven.

0:13:33.800 --> 0:13:34.600
<v Speaker 5>That's O eight on nine.

0:13:34.600 --> 0:13:37.960
<v Speaker 7>But like he's fighting that since the early two thousand, right,

0:13:38.040 --> 0:13:41.080
<v Speaker 7>And what he's fighting for is not just for himself,

0:13:41.559 --> 0:13:43.920
<v Speaker 7>it's for what's coming after that, for the next person

0:13:43.960 --> 0:13:45.319
<v Speaker 7>who wants to have their own spirits.

0:13:45.400 --> 0:13:47.160
<v Speaker 5>Right, So you're not gonna you're not.

0:13:47.160 --> 0:13:50.240
<v Speaker 7>Just gonna treat him away and set a bar in

0:13:50.280 --> 0:13:53.160
<v Speaker 7>a standard for everybody that comes behind him. He's trying

0:13:53.200 --> 0:13:56.200
<v Speaker 7>to make sure that everybody makes profit and makes it

0:13:56.320 --> 0:13:59.480
<v Speaker 7>a situation that it benefits both parties, not just the

0:13:59.520 --> 0:13:59.960
<v Speaker 7>one side.

0:14:00.120 --> 0:14:00.960
<v Speaker 5>And that's what we've seen.

0:14:01.000 --> 0:14:05.439
<v Speaker 6>So once again, these companies like hedge funds are owned

0:14:05.440 --> 0:14:08.640
<v Speaker 6>by small families. Yeah, and often they won't let other

0:14:08.720 --> 0:14:10.880
<v Speaker 6>families and of a certain hue. And we have to

0:14:10.920 --> 0:14:13.560
<v Speaker 6>have a coalition to figure out away how to be

0:14:13.720 --> 0:14:15.080
<v Speaker 6>able to do so.

0:14:16.120 --> 0:14:17.960
<v Speaker 7>And still we brought up the Asia when we would

0:14:18.040 --> 0:14:20.040
<v Speaker 7>and market money is live in London, right, we're gonna

0:14:20.040 --> 0:14:22.000
<v Speaker 7>be talking about company and we talked about over the

0:14:22.000 --> 0:14:24.200
<v Speaker 7>percent since nineteen ninety three has been up twelve hundred.

0:14:25.120 --> 0:14:28.880
<v Speaker 7>Has a lot to do, say the marketing from people

0:14:28.920 --> 0:14:29.560
<v Speaker 7>from our culture.

0:14:30.440 --> 0:14:33.000
<v Speaker 4>Oh well, mind to the situation.

0:14:34.800 --> 0:14:40.040
<v Speaker 3>My graduates from my school being forced back drop bag drop,

0:14:40.680 --> 0:14:43.120
<v Speaker 3>Mike drop back drop drop.

0:14:53.440 --> 0:14:57.040
<v Speaker 1>An illegal alien from Guatemala charged with raping a child

0:14:57.120 --> 0:15:00.920
<v Speaker 1>in Massachusetts. An MS thirteen gang member from Al Salvador

0:15:01.160 --> 0:15:05.280
<v Speaker 1>accused of murdering a Texas man of Venezuelan charged with

0:15:05.360 --> 0:15:09.280
<v Speaker 1>filming and selling child pornography in Michigan. These are just

0:15:09.360 --> 0:15:13.120
<v Speaker 1>some of the heinous migrant criminals caught because of President

0:15:13.160 --> 0:15:16.760
<v Speaker 1>Donald J. Trump's leadership. I'm Christy nom the United States

0:15:16.760 --> 0:15:21.560
<v Speaker 1>Secretary of Homeland Security. Under President Trump, attempted illegal border

0:15:21.600 --> 0:15:25.120
<v Speaker 1>crossings are at the lowest levels ever recorded, and over

0:15:25.200 --> 0:15:28.400
<v Speaker 1>one hundred thousand illegal aliens have been arrested. If you

0:15:28.480 --> 0:15:32.360
<v Speaker 1>are here illegally, your next you will be fined nearly

0:15:32.440 --> 0:15:36.440
<v Speaker 1>one thousand dollars a day, imprisoned, and deported. You will

0:15:36.480 --> 0:15:40.120
<v Speaker 1>never return. But if you register using our CBP home

0:15:40.160 --> 0:15:43.560
<v Speaker 1>app and leave now, you could be allowed to return legally.

0:15:43.920 --> 0:15:48.640
<v Speaker 1>Do what's right. Leave now. Under President Trump, America's laws,

0:15:48.840 --> 0:15:51.280
<v Speaker 1>border and families will be protected.

0:15:51.360 --> 0:15:53.520
<v Speaker 2>Sponsored by the United States Department of Homeland Security.