WEBVTT - Investing Like a Boss  (How-To Monday)

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<v Speaker 1>Oh iba fam, It's time for another Hola back Monday.

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<v Speaker 1>This week we're featuring a mega entrepreneur. Yes, this is

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<v Speaker 1>my friend. I just saw her the other day, Lauren Mailman.

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<v Speaker 1>Lauren has advised and invested in over forty startups and

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<v Speaker 1>her portfolio represents over five billion in market capitalization. Lauren

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<v Speaker 1>is that chick. Okay, she's gonna talk about everything you

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<v Speaker 1>need to know about investing. And like I said, I

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<v Speaker 1>just saw her, so I don't believe in coincidences. Okay,

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<v Speaker 1>give it a listen.

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<v Speaker 2>Hey, hey, hey, we're black. We're back. We're brown.

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<v Speaker 1>Ambition ambition, ambition, ambition. We're extra brown today. Hey, Mandram,

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<v Speaker 1>how are you?

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<v Speaker 3>Hi, beautiful, I'm doing pretty good.

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<v Speaker 4>How are you?

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<v Speaker 2>I'm good. I'm good.

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<v Speaker 3>And we just popped a couple of extra strength talent

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<v Speaker 3>all so I'm rare and to go.

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<v Speaker 1>We have some extra brown in the STU. I love

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<v Speaker 1>what I say this, dou I feel so cool. We

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<v Speaker 1>have some extra primes to today. Super special because she's

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<v Speaker 1>like super impressive, but she's also my frian friend. Let's

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<v Speaker 1>welcome Lauren and Melman.

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<v Speaker 2>To the studio. Welcome Lauren.

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<v Speaker 1>She's a change agent, committed to diversity, innovation, equity, and inclusion.

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<v Speaker 1>She's an award winning marketer, prolific investor, advisor, entrepreneur, and

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<v Speaker 1>board member with a multi health hyphen it career spanning

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<v Speaker 1>over fifteen years. She's advised invested in over forty starters

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<v Speaker 1>in her portfolio represents over five billion in market cap.

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<v Speaker 2>Okay.

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<v Speaker 1>She's the founder and the CEO of LMB Group, a

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<v Speaker 1>strategic marketing and advisory company partnering with brands like CoverGirl.

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<v Speaker 1>She also started straight Up and Successful women focused community

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<v Speaker 1>and professional development firm. She discovers and sees this hidden

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<v Speaker 1>profitable value across retail CpG lifestyle brands. Luxury goods, YadA, YadA,

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<v Speaker 1>YadA is about pioneer stuff. She's basically the bomb dot

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<v Speaker 1>com Okay. Oh, last, but not least. When she was nineteen,

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<v Speaker 1>she became the youngest winery owner girl in the country,

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<v Speaker 1>co founding the internationally recognized Sugar Leaf Vineyards.

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<v Speaker 2>Oh my gosh, this.

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<v Speaker 4>Is incredible, Lauren.

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<v Speaker 3>I'm exhausted and I don't even is.

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<v Speaker 2>A mama of two beautiful kids on top of.

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<v Speaker 3>Her now I'm dead. I'm not also a bad as

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<v Speaker 3>my mom.

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<v Speaker 2>And she got her mom is so awesome and she

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<v Speaker 2>got a bad as mama.

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<v Speaker 3>And it's self proclaimed. What'd you call yourself a rich

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<v Speaker 3>auntie in this space?

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<v Speaker 4>Oh me?

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<v Speaker 5>I call myself like a dinosaur in this space, an auntie.

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<v Speaker 5>I'm just like the auntie dinosaur because I've been around

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<v Speaker 5>this for a long time. Like Tiffany says, we've known

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<v Speaker 5>each other a long time, so I've been able to see,

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<v Speaker 5>you know, her glow up and you know, the beginning

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<v Speaker 5>of this incredible podcast. But I just feel like I

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<v Speaker 5>feel like a lot of people's auntie in this space

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<v Speaker 5>because I have been around since we were all starting

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<v Speaker 5>and we're still here and now we're all thriving.

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<v Speaker 4>So I'm not new to this. I'm true to this. Yeah.

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<v Speaker 3>Well it's such a pleasure for me. This is my

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<v Speaker 3>first time meeting you, and I feel like just from that,

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<v Speaker 3>just from getting to know you a little bit, I'm like, oh,

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<v Speaker 3>Brown ambition personified. Obviously. Why haven't you we had you

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<v Speaker 3>on before? Well tell everybody, Like, I mean, there's so

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<v Speaker 3>much you have going on, and I feel like, you know,

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<v Speaker 3>seasons come and go as far as like entrepreneurship, So like,

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<v Speaker 3>right now, what are you focusing on? Because I or

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<v Speaker 3>are you going to tell me that you do everything

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<v Speaker 3>perfectly and you can do it all? No, the baby's

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<v Speaker 3>in the vineyard and the venture capital and all that.

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<v Speaker 4>Well, let me decide you. My babies are not babies.

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<v Speaker 5>So first of all, my babies are at the age

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<v Speaker 5>of being like useful. So I know everyone thinks that

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<v Speaker 5>I have like these little babies and it's like, girl,

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<v Speaker 5>how are you doing all this and wrangling like toddlers.

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<v Speaker 5>Luckily I've already gone through that stage. They are well

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<v Speaker 5>potty trained, they can cook, they can my son as

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<v Speaker 5>much as are driving, So fifteen year old son and

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<v Speaker 5>a thirteen year old daughter, and so they keep me busy.

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<v Speaker 4>For sure.

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<v Speaker 5>I'm more like a chauffeur than anything until they can

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<v Speaker 5>take them with all everywhere they need to go.

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<v Speaker 4>So it's a good age for sure.

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<v Speaker 5>And the things I'm working on now as an entrepreneur,

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<v Speaker 5>it's been really interesting. I think I'm in I'm in

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<v Speaker 5>the stage of my life where ran and we're talking

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<v Speaker 5>about this before we went live, where the bar is heightening, right,

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<v Speaker 5>it is raising, and both by design but also by choice,

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<v Speaker 5>because I want to do more and I have found

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<v Speaker 5>ways to do more and I think the epiphany season

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<v Speaker 5>that I'm in right now is that as women, especially

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<v Speaker 5>as founders and entrepreneurs, we try to create a life

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<v Speaker 5>that gives us the license to do the things we love.

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<v Speaker 5>We try to create a life that allows us to

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<v Speaker 5>move in these spaces. So, you know, ten years ago,

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<v Speaker 5>when I wrote my best selling book, The Path We Defined,

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<v Speaker 5>I have this chapter that was so enlightening for everyone,

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<v Speaker 5>and it's entitled, build a life That's serendipitous by design,

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<v Speaker 5>And I just think I'm doing that at that next level.

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<v Speaker 5>So it's like, you know, serendipity is not happenstance. It

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<v Speaker 5>is still strategic and it's by design if you keep

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<v Speaker 5>around good people, good ideas come, good businesses come, good

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<v Speaker 5>investments come right, like one thing kind of begets the other.

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<v Speaker 5>So I think, you know, as women, we spend a

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<v Speaker 5>lot of time trying to create our careers, our lives

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<v Speaker 5>that give us the license to do the things we love.

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<v Speaker 5>And that often means having the ability to do the

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<v Speaker 5>next thing right. So we spent so long talking about

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<v Speaker 5>you know, the next level, the next chapter, next, next, next,

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<v Speaker 5>and next really means move on from one thing and

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<v Speaker 5>replace it with another. And I think I'm in the

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<v Speaker 5>season of accumulation right, and like portfolio building, legacy building,

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<v Speaker 5>where I want to do more, But it doesn't mean.

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<v Speaker 4>To replace something.

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<v Speaker 5>It means to be good enough and have great teams

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<v Speaker 5>and infrastructure and systems that allow you to create a

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<v Speaker 5>portfolio that is an ongoing repertoire of all the things.

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<v Speaker 5>And so it's about building instead of replacing. So the

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<v Speaker 5>season that I'm in right now is about building, bigger, building,

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<v Speaker 5>more building at scale, bigger impact. So it is a

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<v Speaker 5>lot of what I've always done when you ask what

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<v Speaker 5>am I up to the same things, but in the

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<v Speaker 5>season of building for scale, for impact, for global for

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<v Speaker 5>global awareness, which just looks different because I'm not looking

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<v Speaker 5>to replace it. I still want to sustain and maintain

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<v Speaker 5>the things that I've already done well and established, and

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<v Speaker 5>I want to establish something else, right, I want to

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<v Speaker 5>layer on top of it. I want to want to

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<v Speaker 5>make it more complex and more robust, want to.

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<v Speaker 4>Again have that scale.

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<v Speaker 5>And I think we think about scale and businesses, but

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<v Speaker 5>I'm starting to think about scale in my life and

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<v Speaker 5>in my career and in the people that I'm able

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<v Speaker 5>to help and influence and advise and.

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<v Speaker 3>Invest in and I've got a feeling when you say portfolio,

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<v Speaker 3>you ain't talking about index funds like me and the

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<v Speaker 3>basic the basic bs out here still trying to like

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<v Speaker 3>make sure we're investing. I mean, you are an investor

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<v Speaker 3>in businesses, you have your own you have your own

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<v Speaker 3>VC firm, Is that right?

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<v Speaker 5>I do so, I have a family office. I had

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<v Speaker 5>started a VC more than ten years ago. Tend my

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<v Speaker 5>capital partners really early to the game in terms of

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<v Speaker 5>creating founder friendly capital, which was not cool in twenty eleven.

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<v Speaker 5>Two thousand eleven was very much the time of the

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<v Speaker 5>VC and not the time of the founder. So the

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<v Speaker 5>idea of founder friendly capital was like this, humh, like,

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<v Speaker 5>you're either one or the other. You're either on this

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<v Speaker 5>side of the table as the founder or you're on

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<v Speaker 5>this side of the table as the funder and show

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<v Speaker 5>my capital. And my role was to really say, hey, look,

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<v Speaker 5>founders can become funders, and we can be really great

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<v Speaker 5>funders because we know what it's like to be the founder,

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<v Speaker 5>and so we're going to do more than just give

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<v Speaker 5>you money. We're going to give you money, but we're

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<v Speaker 5>going to make sure that you use that money in

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<v Speaker 5>the right way that you stay on the right track,

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<v Speaker 5>that you know the right people, that you're around the

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<v Speaker 5>right networks, because the money enough alone is not enough

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<v Speaker 5>to achieve what you want. And so yes, now I

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<v Speaker 5>have this incredible portfolio that has been just so fun

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<v Speaker 5>and exciting to build because I could have never imagined

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<v Speaker 5>that it would take me to where it has today.

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<v Speaker 5>So now I look back and it's, yes, it's angel investments,

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<v Speaker 5>it's real estate, it's art, it's growth equity investments that

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<v Speaker 5>I've made of later stage into later stage companies. It's

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<v Speaker 5>you know, a year and a half ago, meeting into

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<v Speaker 5>the spack world of special purpose of acquisition companies and

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<v Speaker 5>being a partner investor and athena consumer and helping to

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<v Speaker 5>pay companies public trading on the New York Stock Exchange.

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<v Speaker 4>So it's been that for me was probably the beginning

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<v Speaker 4>of the build.

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<v Speaker 5>When I talk about build not replace, right, it's like

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<v Speaker 5>it's not you know, stocks for crypto and like moving

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<v Speaker 5>from one to the other.

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<v Speaker 4>It's like, no, how do you create a portfolio that's

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<v Speaker 4>a little bit of everything?

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<v Speaker 5>Right? In my case, I don't do crypto, but just

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<v Speaker 5>as an example, a lot of people are like going

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<v Speaker 5>to the next thing right, we think about a gold rush,

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<v Speaker 5>it's still like being one thing to rush to another.

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<v Speaker 5>It's not building upon what you have to create a

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<v Speaker 5>larger portfolio that can become even more valuable.

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<v Speaker 4>So that's the season I'm in and the lessons.

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<v Speaker 5>That I've learned that continue to kind of dictate the

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<v Speaker 5>steps that I take in my career. But also I'm

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<v Speaker 5>a big believer that proof is in the pudding. So

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<v Speaker 5>like you look at you look at the pudding, and

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<v Speaker 5>it's profitable, and the companies are growing, and there's unicorns

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<v Speaker 5>in there, and there are companies that are getting acquired

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<v Speaker 5>and that are really meaningful and that are changing lives and.

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<v Speaker 4>Making a difference.

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<v Speaker 5>And that's the portfolio I always wanted to have, Right,

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<v Speaker 5>So it's not always going to be the unicorns, it's

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<v Speaker 5>not always going to be the.

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<v Speaker 4>You know, the companies that are just in one sector.

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<v Speaker 5>I've always looked at my life as this medley, and

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<v Speaker 5>I think the world is finally catching up to this idea,

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<v Speaker 5>like this is what innovation looks like, because if we

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<v Speaker 5>stay in one lane, we get stale and stagnant, even

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<v Speaker 5>if we keep researching, right, Like I look at Tip,

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<v Speaker 5>like Tip's been doing budget.

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<v Speaker 4>Okay, budget, but not all budgets are created equal.

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<v Speaker 5>One minute, you budget in for saving money, then you're

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<v Speaker 5>budgeting for doing something big. Then you're budgeting for acquiring

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<v Speaker 5>an asset. Right, Like, not all budgets are the same.

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<v Speaker 5>They have different purposes. And you begin to build that

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<v Speaker 5>portfolio where you want to go, but we all have

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<v Speaker 5>to start somewhere.

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<v Speaker 1>That's a good like segree into like where what did's

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<v Speaker 1>starting look like for you? You know, because I feel like

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<v Speaker 1>you started so young, you know, starting your winery at nineteen,

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<v Speaker 1>but as far as like this where you are now?

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<v Speaker 1>You know, if someone was like, oh my gosh, I

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<v Speaker 1>want to chart the course that Lauren chart and I

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<v Speaker 1>want to create a portfolio for myself, but I have

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<v Speaker 1>no idea where to start. So someone is listening, like

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<v Speaker 1>what does that look like? We're like how what's the

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<v Speaker 1>iteration of? Like Lauren, like we started here and I

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<v Speaker 1>learned this and I did this, Like what did that

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<v Speaker 1>look like?

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<v Speaker 2>Your journey?

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<v Speaker 5>I think the journey is a series of baby steps.

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<v Speaker 5>Like I look at the baby steps I was making

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<v Speaker 5>early on in my career, and they were quick succession

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<v Speaker 5>of baby steps because it was much easier to break

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<v Speaker 5>down the big, lofty goal into these short, achievable goals,

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<v Speaker 5>and in the early days, it was really easy to

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<v Speaker 5>get to those next little milestones, especially when I was

0:11:15.240 --> 0:11:17.440
<v Speaker 5>only focused on that one thing, because I was still

0:11:17.440 --> 0:11:22.120
<v Speaker 5>trying to establish subject matter expertise, right, So you can't

0:11:22.120 --> 0:11:25.400
<v Speaker 5>create the expertise and build the portfolio at the same time.

0:11:25.440 --> 0:11:26.840
<v Speaker 4>I think that's difficult.

0:11:26.360 --> 0:11:30.360
<v Speaker 5>To do, and so I learned a lot of ways

0:11:30.679 --> 0:11:35.840
<v Speaker 5>to achieve what I wanted to achieve, and also realizing

0:11:35.880 --> 0:11:38.440
<v Speaker 5>what had the most leverage, what had the most influence,

0:11:38.480 --> 0:11:40.600
<v Speaker 5>what had the most power. A lot of times people

0:11:40.600 --> 0:11:42.880
<v Speaker 5>think it's money, but then there were times when as

0:11:42.920 --> 0:11:45.120
<v Speaker 5>a founder, I didn't always have the money, but I

0:11:45.160 --> 0:11:47.720
<v Speaker 5>had the network, and the network showed up for me

0:11:47.760 --> 0:11:50.000
<v Speaker 5>in ways that were more powerful and opened more doors

0:11:50.040 --> 0:11:52.160
<v Speaker 5>than the money would have. And I think a lot

0:11:52.200 --> 0:11:56.720
<v Speaker 5>of those experiences were happening to me, which were the

0:11:56.840 --> 0:12:00.120
<v Speaker 5>lessons that I was designed to learn to determine in

0:12:00.160 --> 0:12:05.040
<v Speaker 5>which path to take when conventional traditional methods and books

0:12:05.040 --> 0:12:08.040
<v Speaker 5>and articles would say to go one way. I would

0:12:08.080 --> 0:12:11.760
<v Speaker 5>have these series of aha moments within my baby steps

0:12:12.320 --> 0:12:16.640
<v Speaker 5>of achievement. And I was also able to very quickly

0:12:16.679 --> 0:12:18.679
<v Speaker 5>figure out, Okay, well, if this is not going the

0:12:18.720 --> 0:12:21.440
<v Speaker 5>way that I want it to, I'm I'm not going

0:12:21.480 --> 0:12:23.800
<v Speaker 5>to keep trying something that's clearly not working right because

0:12:23.800 --> 0:12:26.160
<v Speaker 5>if it's a baby step, okay, your step a little bit,

0:12:26.160 --> 0:12:28.160
<v Speaker 5>you go stop, and you're going to go onto something

0:12:28.160 --> 0:12:29.920
<v Speaker 5>else because you're not trying to leap, so you can

0:12:29.920 --> 0:12:33.080
<v Speaker 5>figure out sooner what's not right for you. And I

0:12:33.120 --> 0:12:36.680
<v Speaker 5>think that the accumulation of those lessons for me, combined

0:12:36.720 --> 0:12:40.440
<v Speaker 5>with taking those baby steps, allowed me to be where

0:12:40.440 --> 0:12:45.160
<v Speaker 5>I am now, but also allowed me to a mass

0:12:45.280 --> 0:12:52.120
<v Speaker 5>networks knowledge, access, acumen, and expertise at the same time.

0:12:52.800 --> 0:12:57.400
<v Speaker 5>So I was absorbing information from top sources because in

0:12:57.440 --> 0:12:59.840
<v Speaker 5>that moment, especially ten eleven years ago.

0:13:00.160 --> 0:13:01.960
<v Speaker 4>Women or not, there was not the movement that we

0:13:02.040 --> 0:13:04.720
<v Speaker 4>have now. There was not a spotlight on us.

0:13:04.960 --> 0:13:07.000
<v Speaker 5>I mean to if you remember this, this was not

0:13:07.760 --> 0:13:11.760
<v Speaker 5>how this ecosystem was, and so I think there weren't

0:13:11.760 --> 0:13:14.680
<v Speaker 5>a lot of us that were paying attention to the lessons.

0:13:15.080 --> 0:13:17.280
<v Speaker 5>And I think when you paid attention to the lessons

0:13:17.840 --> 0:13:22.920
<v Speaker 5>and kept learning and kept your intentionality, you saw a

0:13:22.960 --> 0:13:24.840
<v Speaker 5>lot of movement.

0:13:24.920 --> 0:13:27.120
<v Speaker 4>You saw the needle moving in ways.

0:13:26.800 --> 0:13:29.040
<v Speaker 5>That were important, but a lot of us didn't know

0:13:29.080 --> 0:13:30.800
<v Speaker 5>what to do with that, and so I spent a

0:13:30.800 --> 0:13:33.680
<v Speaker 5>lot of time listening as much as I was learning,

0:13:35.240 --> 0:13:40.400
<v Speaker 5>you know, researching, analyzing, but also trying to figure out

0:13:40.840 --> 0:13:43.640
<v Speaker 5>how I someone who was completely self made, who did

0:13:43.679 --> 0:13:46.160
<v Speaker 5>not come up with the soilver spoon in their mouth. Yes,

0:13:46.240 --> 0:13:48.360
<v Speaker 5>my parents worked really hard to give you what they have,

0:13:49.840 --> 0:13:51.760
<v Speaker 5>but I always say like, if I had had siblings,

0:13:51.800 --> 0:13:53.960
<v Speaker 5>I would not have even been raised the same way.

0:13:54.160 --> 0:13:55.640
<v Speaker 5>Like my parents told me all the time, we had

0:13:55.760 --> 0:13:58.440
<v Speaker 5>enough money to we ave money, we had to send

0:13:58.440 --> 0:14:00.400
<v Speaker 5>you to school by yourself. Like there was only one

0:14:00.600 --> 0:14:01.920
<v Speaker 5>there was three or four of you would not have

0:14:01.960 --> 0:14:04.880
<v Speaker 5>been going on the same school. So you know, where

0:14:04.880 --> 0:14:07.439
<v Speaker 5>do we learn these lessons if we don't grow up

0:14:07.480 --> 0:14:11.280
<v Speaker 5>with families that can tell us how it's done, or

0:14:11.320 --> 0:14:14.360
<v Speaker 5>that can usher us through that process. And so for me,

0:14:15.880 --> 0:14:20.440
<v Speaker 5>that's what starting looked like. And I was also really

0:14:20.480 --> 0:14:23.520
<v Speaker 5>grateful to have people in my life in my career

0:14:24.200 --> 0:14:28.360
<v Speaker 5>who gravitated towards me because I was so persistent. So

0:14:28.400 --> 0:14:31.000
<v Speaker 5>my persistence was very off putting to a lot of

0:14:31.000 --> 0:14:32.080
<v Speaker 5>people for a long time.

0:14:32.200 --> 0:14:33.360
<v Speaker 4>It was like, ah, it's.

0:14:33.240 --> 0:14:36.600
<v Speaker 5>Too much, But if you don't ask, you don't get

0:14:36.840 --> 0:14:39.160
<v Speaker 5>and the people who saw me continue.

0:14:38.680 --> 0:14:40.960
<v Speaker 4>To ask were like, Okay, we see you.

0:14:41.360 --> 0:14:43.960
<v Speaker 5>And people started telling me even then, ten eleven years

0:14:43.960 --> 0:14:46.400
<v Speaker 5>ago that they weren't initially going to take my meetings

0:14:46.400 --> 0:14:48.360
<v Speaker 5>for gin Way Capital, but when they saw my emails

0:14:48.400 --> 0:14:51.200
<v Speaker 5>coming in at you know, one, two, three, four o'clock

0:14:51.200 --> 0:14:53.600
<v Speaker 5>in the morning, they were like, okay, she's serious, right,

0:14:53.640 --> 0:14:57.200
<v Speaker 5>I wasn't sitting there scheduling send for seven am. No,

0:14:57.360 --> 0:14:58.480
<v Speaker 5>if I was up in the middle of the night.

0:14:58.480 --> 0:14:59.840
<v Speaker 5>I was up in the middle of the night. But

0:15:00.120 --> 0:15:03.320
<v Speaker 5>that's what people paid attention to. That's what folks noticed.

0:15:03.440 --> 0:15:08.080
<v Speaker 5>It was that consistency, that dedication that allowed me to

0:15:08.160 --> 0:15:12.520
<v Speaker 5>start and allowed me to realize the way in which

0:15:12.560 --> 0:15:15.680
<v Speaker 5>I wanted to build a portfolio or the ways in

0:15:15.720 --> 0:15:19.520
<v Speaker 5>which I wanted to be diversified based upon my experiences,

0:15:19.560 --> 0:15:23.560
<v Speaker 5>but also based upon the opportunities that were coming to me.

0:15:24.000 --> 0:15:26.280
<v Speaker 5>And so some of the greatest opportunities for me as

0:15:26.320 --> 0:15:30.240
<v Speaker 5>an investor, as a founder, as someone in media, as

0:15:30.240 --> 0:15:34.640
<v Speaker 5>a women's advocate came from people saying, hey, look, maybe

0:15:34.680 --> 0:15:37.280
<v Speaker 5>you don't have the expertise, Lauren, but what you do.

0:15:37.280 --> 0:15:39.600
<v Speaker 4>Have is the drive and the persistence. And so if

0:15:39.640 --> 0:15:42.840
<v Speaker 4>we can just teach you these things. We want to

0:15:42.840 --> 0:15:44.800
<v Speaker 4>watch you go. And there was a lot of that.

0:15:44.840 --> 0:15:46.800
<v Speaker 5>There was a lot of people that I just knew

0:15:46.880 --> 0:15:49.880
<v Speaker 5>wanted to see if that energy of Lauren, like how

0:15:49.920 --> 0:15:52.280
<v Speaker 5>long they could sustain that for? And that was exhausting

0:15:52.360 --> 0:15:55.280
<v Speaker 5>because that was the game of proving myself essentially right.

0:15:55.760 --> 0:15:57.800
<v Speaker 4>But that's what's allowed me to build.

0:15:59.280 --> 0:16:01.480
<v Speaker 3>Can we talk about out? I mean, I'm just listening

0:16:01.480 --> 0:16:03.520
<v Speaker 3>in the common theme I'm hearing are things that I

0:16:03.560 --> 0:16:05.880
<v Speaker 3>love to talk about, which is the secret sauce of

0:16:06.080 --> 0:16:09.680
<v Speaker 3>people and relationships and networking. So you mean you early

0:16:09.760 --> 0:16:12.400
<v Speaker 3>in your career, I know you owned a winery, you

0:16:12.480 --> 0:16:16.600
<v Speaker 3>worked in modeling, but eventually someone showed you it was

0:16:16.680 --> 0:16:20.040
<v Speaker 3>possible to become a founder and an investor and an

0:16:20.080 --> 0:16:24.080
<v Speaker 3>angel investor in all of that. And for someone like yourself, who,

0:16:24.280 --> 0:16:27.000
<v Speaker 3>like you said, you haven't grown up surrounded by those

0:16:27.040 --> 0:16:29.600
<v Speaker 3>types of people, how did you because of so many people,

0:16:29.680 --> 0:16:31.560
<v Speaker 3>somebody of us struggled with that, especially as you know,

0:16:31.680 --> 0:16:35.600
<v Speaker 3>minority women getting ourselves in even the same orbit as

0:16:35.640 --> 0:16:38.120
<v Speaker 3>people who can help us think bigger? So how did

0:16:38.160 --> 0:16:41.320
<v Speaker 3>you start putting yourself in those spaces to feel like

0:16:41.360 --> 0:16:45.280
<v Speaker 3>it was possible and then make those connections translate into

0:16:45.640 --> 0:16:47.440
<v Speaker 3>I'm going to enter this new path from myself and

0:16:47.480 --> 0:16:48.360
<v Speaker 3>I'm going to make it happen.

0:16:48.800 --> 0:16:49.680
<v Speaker 4>That's a great question.

0:16:49.880 --> 0:16:55.160
<v Speaker 5>I think when when I really analyzed my career to date,

0:16:55.560 --> 0:17:01.000
<v Speaker 5>it's that my approach is one that most people don't forget,

0:17:01.960 --> 0:17:05.800
<v Speaker 5>either because I am persistent, or because I am outspoken,

0:17:06.280 --> 0:17:07.800
<v Speaker 5>or because they meet me in a room at a

0:17:07.840 --> 0:17:09.640
<v Speaker 5>conference and I walk in and I'm the six foot

0:17:09.680 --> 0:17:11.480
<v Speaker 5>tall black woman and I'm like, well, where did she

0:17:11.600 --> 0:17:12.080
<v Speaker 5>come from?

0:17:12.440 --> 0:17:13.240
<v Speaker 4>But it's always he.

0:17:13.240 --> 0:17:15.480
<v Speaker 3>Seems so calm, but like I'm imagining, like when you

0:17:15.520 --> 0:17:17.520
<v Speaker 3>say your approach, I'm just like, what do you do

0:17:17.560 --> 0:17:20.000
<v Speaker 3>to these people? Intimidates them?

0:17:20.359 --> 0:17:20.600
<v Speaker 5>Well?

0:17:21.040 --> 0:17:21.560
<v Speaker 4>It does.

0:17:21.680 --> 0:17:25.280
<v Speaker 5>It does intimidate a lot of people, but it also

0:17:25.440 --> 0:17:29.320
<v Speaker 5>intrigues them. And so there was so many times and

0:17:29.320 --> 0:17:31.520
<v Speaker 5>again it was like you've got to be comfortable knowing

0:17:31.560 --> 0:17:34.520
<v Speaker 5>that you're being tested, right, So in those instances, it

0:17:34.640 --> 0:17:36.600
<v Speaker 5>was like, Okay, I want to be in this room,

0:17:36.880 --> 0:17:38.440
<v Speaker 5>but I know why they're inviting me in this room.

0:17:38.480 --> 0:17:39.119
<v Speaker 4>I'm not silly.

0:17:39.600 --> 0:17:41.840
<v Speaker 5>I know why they're asking me if I can show

0:17:41.960 --> 0:17:43.840
<v Speaker 5>up this way or if I'm available to.

0:17:43.840 --> 0:17:45.840
<v Speaker 4>Speak on X Y Z topic.

0:17:46.320 --> 0:17:48.560
<v Speaker 5>But I had to be strategic about what my presence

0:17:48.600 --> 0:17:51.879
<v Speaker 5>in those moments were going to mean to me, not

0:17:51.960 --> 0:17:53.520
<v Speaker 5>what they were going to mean to the audience that

0:17:53.600 --> 0:17:55.840
<v Speaker 5>was inviting me in the room, because for me, that

0:17:56.000 --> 0:17:58.280
<v Speaker 5>was no different than like having your one shot at

0:17:58.320 --> 0:18:01.760
<v Speaker 5>the meeting, right of being invited to conferences and on

0:18:01.840 --> 0:18:05.119
<v Speaker 5>stages to speak because I had been outspoken, because some

0:18:05.200 --> 0:18:08.639
<v Speaker 5>people considered my opinions to be radical, because if it

0:18:08.680 --> 0:18:11.080
<v Speaker 5>was in the corporate sphere, they could bring me in

0:18:11.160 --> 0:18:13.639
<v Speaker 5>to talk about it far easier than someone on the

0:18:13.680 --> 0:18:15.400
<v Speaker 5>inside that wanted to say the same thing.

0:18:15.720 --> 0:18:18.840
<v Speaker 4>Knew they couldn't, right, And so I knew that how

0:18:18.880 --> 0:18:19.679
<v Speaker 4>I showed up.

0:18:19.520 --> 0:18:22.800
<v Speaker 5>In those moments was going to create my reputation, was

0:18:22.840 --> 0:18:25.879
<v Speaker 5>going to create an opinion of me.

0:18:26.960 --> 0:18:30.320
<v Speaker 4>And I do think I was.

0:18:30.280 --> 0:18:34.000
<v Speaker 5>Really thoughtful in that process of what is it that

0:18:34.160 --> 0:18:35.880
<v Speaker 5>I What is it.

0:18:35.840 --> 0:18:39.320
<v Speaker 4>That I want them to leave feeling or knowing about me?

0:18:39.720 --> 0:18:43.520
<v Speaker 5>That's different, right, because what they knew about me was

0:18:43.560 --> 0:18:45.600
<v Speaker 5>the obvious, But what they didn't know about me, what

0:18:45.840 --> 0:18:49.320
<v Speaker 5>was here or what was driving me from here? And

0:18:49.359 --> 0:18:51.960
<v Speaker 5>so that's what I spent and I know some people

0:18:51.960 --> 0:18:53.000
<v Speaker 5>are going to be listening to it, so I was

0:18:53.040 --> 0:18:56.000
<v Speaker 5>touching my head and I was touching my heart in

0:18:56.080 --> 0:18:57.840
<v Speaker 5>terms of they don't know what's in my mind. They

0:18:57.880 --> 0:19:01.000
<v Speaker 5>don't know my ideas. They don't know how I strategize,

0:19:01.000 --> 0:19:01.720
<v Speaker 5>how I analyze.

0:19:01.720 --> 0:19:02.240
<v Speaker 4>They don't know the.

0:19:02.200 --> 0:19:05.760
<v Speaker 5>Intellectual property that I could bring to their companies or

0:19:05.760 --> 0:19:07.359
<v Speaker 5>to their clients or to their projects.

0:19:07.600 --> 0:19:09.199
<v Speaker 4>They don't know how driven I am. They don't know

0:19:09.240 --> 0:19:11.040
<v Speaker 4>the integrity that I come to work with.

0:19:11.520 --> 0:19:14.800
<v Speaker 5>And so when people were able to see that and

0:19:14.920 --> 0:19:18.400
<v Speaker 5>experience that, even if it was in short engagements, those

0:19:18.440 --> 0:19:21.359
<v Speaker 5>same people, many of whom are the ones that would

0:19:21.359 --> 0:19:24.159
<v Speaker 5>circle back and say, it doesn't matter, Lauren, that you

0:19:24.720 --> 0:19:29.159
<v Speaker 5>don't have the resume experience. We trust you, or we

0:19:29.280 --> 0:19:30.960
<v Speaker 5>trust that you're going to figure it out, or we

0:19:31.040 --> 0:19:33.080
<v Speaker 5>trust that you're going to work really hard to figure

0:19:33.119 --> 0:19:36.080
<v Speaker 5>it out because we've been watching you and so for

0:19:36.160 --> 0:19:38.520
<v Speaker 5>a long time. You know, early on in my career,

0:19:38.640 --> 0:19:41.480
<v Speaker 5>I was frustrated that a lot of people would ask

0:19:41.560 --> 0:19:43.560
<v Speaker 5>me to do things and then there wasn't follow up,

0:19:45.200 --> 0:19:47.159
<v Speaker 5>or the follow up would be another invitation to do

0:19:47.200 --> 0:19:49.439
<v Speaker 5>something else again, but not an answer to the feedback

0:19:49.560 --> 0:19:52.159
<v Speaker 5>I was asking for in that exact moment, And I

0:19:52.240 --> 0:19:55.200
<v Speaker 5>realized years later that that was basically my audition for

0:19:55.400 --> 0:19:58.120
<v Speaker 5>if I would be allowed into these rooms, into these circles,

0:19:58.119 --> 0:20:02.240
<v Speaker 5>into these networks. I kept showing up, and I kept

0:20:02.240 --> 0:20:05.200
<v Speaker 5>showing up with a level of consistency that created trust

0:20:05.320 --> 0:20:08.120
<v Speaker 5>that I had no other way to establish with these

0:20:08.240 --> 0:20:11.200
<v Speaker 5>rooms and these groups of people, who are the stakeholders,

0:20:11.240 --> 0:20:13.280
<v Speaker 5>who are the decision makers, who are the leaders of

0:20:13.359 --> 0:20:16.480
<v Speaker 5>tech and venture capital, who are the ones that you know,

0:20:16.600 --> 0:20:18.800
<v Speaker 5>are the ones to watch, the ones to know, the

0:20:18.800 --> 0:20:22.320
<v Speaker 5>ones who can make or break, you know, a major

0:20:22.359 --> 0:20:24.320
<v Speaker 5>career decision or you know, if you go on to

0:20:24.320 --> 0:20:26.720
<v Speaker 5>be the founder to watch or not. And so I

0:20:27.119 --> 0:20:31.440
<v Speaker 5>had to find other ways to establish credibility and trust

0:20:32.000 --> 0:20:34.720
<v Speaker 5>with these people that I also really wanted to learn from,

0:20:34.760 --> 0:20:37.000
<v Speaker 5>and I had to show them that I was going

0:20:37.040 --> 0:20:37.920
<v Speaker 5>to be a good student.

0:20:38.480 --> 0:20:40.600
<v Speaker 1>I guess my question really is is just like if

0:20:40.600 --> 0:20:44.240
<v Speaker 1>someone is like, I feel like you've come so far,

0:20:44.440 --> 0:20:47.240
<v Speaker 1>but it could not have been easy during that time,

0:20:47.320 --> 0:20:50.040
<v Speaker 1>and if you could kind of like, especially when it

0:20:50.040 --> 0:20:51.720
<v Speaker 1>comes to investing, how did you learn?

0:20:51.920 --> 0:20:53.719
<v Speaker 2>You know what I mean? Like, I mean, I know

0:20:53.840 --> 0:20:56.560
<v Speaker 2>it wasn't like mentors, was it sponsors? Was it books?

0:20:56.600 --> 0:20:58.080
<v Speaker 2>Was it podcasts? Like you know, like cauld.

0:20:58.080 --> 0:20:59.880
<v Speaker 1>I remember, like you had a party at your house,

0:21:00.000 --> 0:21:02.160
<v Speaker 1>don't know if it was New Year's or something, and

0:21:02.240 --> 0:21:04.400
<v Speaker 1>we just were talking and you were telling me how, like, girl,

0:21:04.440 --> 0:21:05.840
<v Speaker 1>do you invest in art? And then you went to

0:21:05.880 --> 0:21:08.080
<v Speaker 1>this whole diatribe about like if you do this and

0:21:08.160 --> 0:21:10.240
<v Speaker 1>you can put the art here. And I remember being

0:21:10.359 --> 0:21:13.080
<v Speaker 1>like way long talking about me at a party. But

0:21:13.240 --> 0:21:16.480
<v Speaker 1>you know, like you had such this deep, like deep

0:21:16.520 --> 0:21:18.639
<v Speaker 1>knowledge of like the way art can be used to

0:21:18.800 --> 0:21:22.439
<v Speaker 1>like to grow well, to shield well to you know,

0:21:22.480 --> 0:21:25.040
<v Speaker 1>And I just like, but where did this knowledge come from?

0:21:25.080 --> 0:21:27.119
<v Speaker 2>Like was it you know, did you go to school

0:21:27.119 --> 0:21:27.440
<v Speaker 2>for this?

0:21:27.920 --> 0:21:30.679
<v Speaker 1>You know, like because I know there are people who

0:21:30.720 --> 0:21:32.600
<v Speaker 1>are listening and they're like I want to start, but

0:21:33.320 --> 0:21:35.440
<v Speaker 1>you know, is it a book, is it a class?

0:21:35.600 --> 0:21:37.040
<v Speaker 1>Is it I need to find someone to put me

0:21:37.080 --> 0:21:39.240
<v Speaker 1>under their wing. So like, where did your knowledge, like

0:21:39.359 --> 0:21:41.480
<v Speaker 1>at least the beginning of it really start to come from.

0:21:41.920 --> 0:21:45.800
<v Speaker 5>So so much of my knowledge is acquired through reading

0:21:45.920 --> 0:21:51.080
<v Speaker 5>and asking questions. I've always been so inquisitive, So I've

0:21:51.080 --> 0:21:54.399
<v Speaker 5>been fascinated with my whole life. I've been fascinated with

0:21:55.520 --> 0:22:00.680
<v Speaker 5>how certain cultures and communities grow, create, keep, maintain, pain, share,

0:22:00.680 --> 0:22:03.480
<v Speaker 5>and spread wealth amongst themselves in ways that we don't

0:22:03.520 --> 0:22:07.040
<v Speaker 5>see in our community. And I've lived several places.

0:22:06.760 --> 0:22:07.280
<v Speaker 4>Around the world.

0:22:07.359 --> 0:22:09.240
<v Speaker 5>I've lived in Europe, I've lived in West Africa, I've

0:22:09.240 --> 0:22:12.919
<v Speaker 5>lived in South America. I speak fluent Spanish, I speak French.

0:22:13.320 --> 0:22:16.200
<v Speaker 5>I consider myself to really truly be a global citizen

0:22:16.240 --> 0:22:22.000
<v Speaker 5>in many ways. And I've always had this interesting network

0:22:22.160 --> 0:22:26.800
<v Speaker 5>of you know, I've got folks that are at every

0:22:27.080 --> 0:22:31.160
<v Speaker 5>end of the socioeconomic spectrum. I've got folks that fly coach.

0:22:31.280 --> 0:22:34.480
<v Speaker 5>I got folks that have g fives. I got folks

0:22:34.480 --> 0:22:35.200
<v Speaker 5>I got NetJets.

0:22:35.240 --> 0:22:35.280
<v Speaker 4>Like.

0:22:35.320 --> 0:22:39.879
<v Speaker 5>I've always had this kind of access or network to

0:22:40.119 --> 0:22:41.879
<v Speaker 5>a variety of lifestyles.

0:22:42.240 --> 0:22:45.600
<v Speaker 4>And it didn't matter that I wasn't maybe living all

0:22:45.640 --> 0:22:48.600
<v Speaker 4>of those lifestyles. For whatever reason, I was still being.

0:22:48.480 --> 0:22:50.359
<v Speaker 5>Invited into the room, whether it was because I had

0:22:50.440 --> 0:22:55.560
<v Speaker 5>established trust or credibility, whether I was on a long

0:22:55.640 --> 0:22:59.960
<v Speaker 5>audition and didn't realize it, you know, like, whatever that was,

0:23:01.840 --> 0:23:05.119
<v Speaker 5>I took note. I took note of how those families

0:23:05.200 --> 0:23:09.440
<v Speaker 5>were constructed. I took note of how wealthy family businesses

0:23:09.640 --> 0:23:11.000
<v Speaker 5>were hiring.

0:23:11.760 --> 0:23:14.080
<v Speaker 4>I had asked questions when the time was appropriate.

0:23:14.119 --> 0:23:18.240
<v Speaker 5>I'll never forget. I once asked a wealthy family leader.

0:23:18.320 --> 0:23:20.320
<v Speaker 5>I said, how do you determine like who gets to

0:23:20.400 --> 0:23:22.960
<v Speaker 5>rise in the ranks in the company and if you

0:23:23.000 --> 0:23:24.960
<v Speaker 5>promote the family member and not the family member. They said, well,

0:23:25.040 --> 0:23:27.200
<v Speaker 5>years ago, it used to be the family members were

0:23:27.200 --> 0:23:29.360
<v Speaker 5>the ones that led the business. But you know, now

0:23:29.400 --> 0:23:31.560
<v Speaker 5>we have nepotism rules and this is how it works.

0:23:31.600 --> 0:23:35.639
<v Speaker 5>And we actually require that they go work at competing

0:23:35.680 --> 0:23:40.199
<v Speaker 5>businesses outside of college, like after college in Europe or

0:23:40.359 --> 0:23:43.680
<v Speaker 5>in North America, to go acquire this knowledge to see

0:23:43.680 --> 0:23:46.439
<v Speaker 5>how other companies do it. And they're required to work

0:23:46.680 --> 0:23:49.359
<v Speaker 5>at least two jobs or minimum of two years for

0:23:49.480 --> 0:23:52.920
<v Speaker 5>competitive companies or companies where they can grow their skill

0:23:52.920 --> 0:23:55.280
<v Speaker 5>set before they're even allowed to work for the family business.

0:23:55.560 --> 0:23:58.240
<v Speaker 5>That to me was like, oh, mental note, mental note

0:23:58.240 --> 0:24:00.240
<v Speaker 5>for my children. Should my children be where being in

0:24:00.280 --> 0:24:02.919
<v Speaker 5>the family business right off of the cup? Probably not

0:24:03.240 --> 0:24:04.720
<v Speaker 5>right because what are they going to learn and it

0:24:04.720 --> 0:24:07.000
<v Speaker 5>is going to learn from me on the job versus

0:24:07.240 --> 0:24:08.760
<v Speaker 5>if I'm going to be in media, do they go

0:24:08.800 --> 0:24:10.639
<v Speaker 5>work at a big media company for two years? And

0:24:10.640 --> 0:24:12.399
<v Speaker 5>then if we're going to be an investing do they

0:24:12.400 --> 0:24:14.320
<v Speaker 5>go work at a big VC for two years, even

0:24:14.359 --> 0:24:17.080
<v Speaker 5>if they're just an intern, just to even be a

0:24:17.119 --> 0:24:19.840
<v Speaker 5>fly on the wall to learn process or see people

0:24:19.920 --> 0:24:20.920
<v Speaker 5>move in a different way.

0:24:21.160 --> 0:24:23.160
<v Speaker 4>And then should they come back to meet four years

0:24:23.160 --> 0:24:25.720
<v Speaker 4>after college. And I'd sit and think about it, just

0:24:25.760 --> 0:24:27.320
<v Speaker 4>as one of many examples, and it.

0:24:27.280 --> 0:24:30.800
<v Speaker 5>Was like, hm, that probably makes more sense, right, Like

0:24:31.119 --> 0:24:33.160
<v Speaker 5>go learn out in the world from folks that are

0:24:33.160 --> 0:24:34.879
<v Speaker 5>doing it at this level and then come back to

0:24:34.920 --> 0:24:36.119
<v Speaker 5>mom and keep it on the family.

0:24:36.320 --> 0:24:36.520
<v Speaker 4>Right.

0:24:36.880 --> 0:24:39.400
<v Speaker 5>But I don't have the framework for doing that because

0:24:39.560 --> 0:24:41.560
<v Speaker 5>I'm an only child, I'm a black woman.

0:24:41.560 --> 0:24:42.800
<v Speaker 4>That has not been done in my family.

0:24:43.119 --> 0:24:47.320
<v Speaker 5>But I'm around people who, for whatever reason, variety of reasons,

0:24:47.600 --> 0:24:49.880
<v Speaker 5>wanted me around them, and I knew that I had

0:24:49.880 --> 0:24:51.920
<v Speaker 5>a purpose to them. But I also knew that there

0:24:51.960 --> 0:24:54.560
<v Speaker 5>was something I could learn and me becoming a good

0:24:54.600 --> 0:24:56.520
<v Speaker 5>student in that regard. Yeah, it was helpful for me

0:24:56.600 --> 0:24:58.600
<v Speaker 5>for my own personal life because it can help me

0:24:58.600 --> 0:25:00.480
<v Speaker 5>figure out. Oh, Jayden and Cloue, this is what I

0:25:00.520 --> 0:25:01.600
<v Speaker 5>want you to do. This is I want you to

0:25:01.640 --> 0:25:02.680
<v Speaker 5>think about internships.

0:25:02.840 --> 0:25:04.200
<v Speaker 4>Even now thirteen and fifteen.

0:25:04.200 --> 0:25:05.359
<v Speaker 5>I talk to them about how I want them to

0:25:05.400 --> 0:25:09.040
<v Speaker 5>build their resume, because what do we see happening in

0:25:09.080 --> 0:25:12.360
<v Speaker 5>other communities. We see kids going off to college already

0:25:12.400 --> 0:25:15.399
<v Speaker 5>worked at three fourteen one hundred companies because the parents

0:25:15.400 --> 0:25:18.040
<v Speaker 5>hooked them up, right, or because they grew up with

0:25:18.080 --> 0:25:20.920
<v Speaker 5>an auntie and uncle who were an executive, and they've

0:25:20.960 --> 0:25:23.399
<v Speaker 5>heard the vernacular and they've had the interest, and the

0:25:23.440 --> 0:25:25.760
<v Speaker 5>parents have been sending them articles, and so they can

0:25:25.840 --> 0:25:29.560
<v Speaker 5>they're qualified to be an intern while in high school, right,

0:25:29.640 --> 0:25:32.240
<v Speaker 5>and they can have a great resume. These are things

0:25:32.240 --> 0:25:36.000
<v Speaker 5>that I say, hmm, let me see how folks that

0:25:36.040 --> 0:25:38.280
<v Speaker 5>are doing things far better than me are doing them,

0:25:38.320 --> 0:25:41.560
<v Speaker 5>and let me see which components of that, what pieces

0:25:41.600 --> 0:25:44.440
<v Speaker 5>of that I want to replicate or emulate in my life,

0:25:44.440 --> 0:25:47.119
<v Speaker 5>in my family and my career, in my construct to

0:25:47.200 --> 0:25:49.120
<v Speaker 5>try to escape achieve something similar.

0:25:49.359 --> 0:25:50.440
<v Speaker 4>The same thing with art.

0:25:51.240 --> 0:25:53.840
<v Speaker 5>I'll never forget when I remember exactly what you're talking

0:25:53.840 --> 0:25:56.520
<v Speaker 5>about with this party at the house, and I had

0:25:56.560 --> 0:25:59.680
<v Speaker 5>just sold some art at Sotheby's for the first time

0:25:59.720 --> 0:26:03.000
<v Speaker 5>ever at auction. It was my first auction experience. I

0:26:03.040 --> 0:26:06.119
<v Speaker 5>didn't know anything about art at auction at that time.

0:26:06.320 --> 0:26:08.480
<v Speaker 5>I knew the value of what we had, and I

0:26:08.560 --> 0:26:11.119
<v Speaker 5>knew that the starting bid was going to be lower

0:26:11.160 --> 0:26:14.520
<v Speaker 5>than its value, but I asked all the right questions

0:26:14.520 --> 0:26:16.400
<v Speaker 5>in terms of how does the auction work, how quick

0:26:16.480 --> 0:26:19.720
<v Speaker 5>does it go? How many dollar values can you rise

0:26:19.800 --> 0:26:22.399
<v Speaker 5>in sixty seconds, ninety seconds? And if you ever listened

0:26:22.440 --> 0:26:24.679
<v Speaker 5>to an art auction, which is maybe a good exercise

0:26:24.800 --> 0:26:29.120
<v Speaker 5>just because for whoever's listening, you'd be wildly surprised at

0:26:29.119 --> 0:26:31.800
<v Speaker 5>how quick prices can double or how quickly something can

0:26:31.840 --> 0:26:36.000
<v Speaker 5>triple or quadruple in a quick bid. And so that

0:26:36.040 --> 0:26:40.680
<v Speaker 5>gave me an opportunity to have information to analyze, to go, oh,

0:26:40.720 --> 0:26:42.919
<v Speaker 5>do I want to take burdenhand, Do I want to

0:26:42.960 --> 0:26:45.440
<v Speaker 5>take the surefire sale, or do I want to risk

0:26:45.520 --> 0:26:49.440
<v Speaker 5>going to auction starting at a lower bid, but having

0:26:49.880 --> 0:26:53.200
<v Speaker 5>working out some probability of my own decision calculus of

0:26:53.280 --> 0:26:57.320
<v Speaker 5>what's best burdenhand and sale and gallery or taking the

0:26:57.400 --> 0:26:58.399
<v Speaker 5>risk of going to auction.

0:26:58.560 --> 0:27:00.960
<v Speaker 4>Ultimately, it was the going to auction.

0:27:01.840 --> 0:27:04.040
<v Speaker 5>But then I learned something at that auction, and I'll

0:27:04.080 --> 0:27:07.800
<v Speaker 5>ever forget this very wealthy family next to me that

0:27:08.040 --> 0:27:10.680
<v Speaker 5>was watching their own art in auction. I had gone

0:27:10.760 --> 0:27:14.120
<v Speaker 5>to the auctions previous just to see how the auctions went,

0:27:14.280 --> 0:27:16.560
<v Speaker 5>because that was part of my decision calculus. I haven't

0:27:16.560 --> 0:27:19.479
<v Speaker 5>seen it auction in action. Let me go see The

0:27:19.480 --> 0:27:21.520
<v Speaker 5>only auction I had seen before this was the car

0:27:21.560 --> 0:27:25.040
<v Speaker 5>auctions because I used to go to those impound those

0:27:25.080 --> 0:27:26.920
<v Speaker 5>tow yard auctions where you can pick up the cars,

0:27:26.960 --> 0:27:27.960
<v Speaker 5>people don't pay their ticket.

0:27:28.200 --> 0:27:29.720
<v Speaker 4>That's the only auction I knew before.

0:27:29.840 --> 0:27:32.080
<v Speaker 5>Okay, you go with the car mechanic and you pick

0:27:32.160 --> 0:27:34.480
<v Speaker 5>up the cars and they make you a new key.

0:27:34.680 --> 0:27:36.119
<v Speaker 4>That was the only auction I knew. So I was like,

0:27:36.119 --> 0:27:37.119
<v Speaker 4>how does this art work?

0:27:37.359 --> 0:27:39.040
<v Speaker 5>So I was going to the auctions to just be

0:27:39.080 --> 0:27:42.480
<v Speaker 5>a flat from the wall, and I watched another very

0:27:42.520 --> 0:27:45.440
<v Speaker 5>wealthy family sell works of art, and I said. I

0:27:45.520 --> 0:27:47.199
<v Speaker 5>ended up talking to them after I said, why are

0:27:47.240 --> 0:27:49.239
<v Speaker 5>you selling so much of this incredible art like all

0:27:49.280 --> 0:27:52.000
<v Speaker 5>at one time? It turned out that they were doing

0:27:52.080 --> 0:27:54.840
<v Speaker 5>it because the family member who owned the art.

0:27:54.680 --> 0:27:56.879
<v Speaker 4>Had just passed and they didn't want to have to

0:27:56.920 --> 0:27:58.399
<v Speaker 4>have all this inheritance tax.

0:27:58.800 --> 0:28:01.600
<v Speaker 5>So they schooled me on the step up and basis

0:28:01.720 --> 0:28:04.960
<v Speaker 5>quote unquote and when to sell and how to sell,

0:28:05.000 --> 0:28:06.880
<v Speaker 5>and so they were like, we have this window and

0:28:07.240 --> 0:28:09.080
<v Speaker 5>we love this art, but we have so much art.

0:28:09.560 --> 0:28:12.560
<v Speaker 5>They did their decision calculus. So I'm like, how come

0:28:12.560 --> 0:28:15.240
<v Speaker 5>our people aren't talking about step up and basis, how

0:28:15.240 --> 0:28:17.800
<v Speaker 5>come our people aren't talking about how to hold these

0:28:17.800 --> 0:28:19.919
<v Speaker 5>assets so that our children can grow up with art

0:28:19.920 --> 0:28:23.000
<v Speaker 5>collections the way that others grow up with art collections.

0:28:23.000 --> 0:28:25.840
<v Speaker 5>I'm not just accumulating these assets to just sit from here,

0:28:25.880 --> 0:28:28.639
<v Speaker 5>and I'm not accumulating these assets to leave my children

0:28:28.760 --> 0:28:32.280
<v Speaker 5>with more work to do. So I've always looked at

0:28:32.640 --> 0:28:36.800
<v Speaker 5>the people who are more accomplished, who are wealthier, to

0:28:37.040 --> 0:28:41.600
<v Speaker 5>know and understand what moves, not that I always should

0:28:41.600 --> 0:28:44.720
<v Speaker 5>be making, but what moves I could be making, because

0:28:44.720 --> 0:28:47.560
<v Speaker 5>I think that for black women, we.

0:28:47.520 --> 0:28:50.200
<v Speaker 4>Don't even know the full extent of ways that.

0:28:50.120 --> 0:28:52.680
<v Speaker 5>We can you had mentioned before make or shield our

0:28:52.720 --> 0:28:53.560
<v Speaker 5>money and our wealth.

0:28:53.640 --> 0:28:57.640
<v Speaker 4>We don't even know the full extent of things that

0:28:57.640 --> 0:28:58.760
<v Speaker 4>are available to us.

0:28:58.840 --> 0:29:01.120
<v Speaker 5>And oftentimes even we have an accountant, the account's not

0:29:01.160 --> 0:29:01.880
<v Speaker 5>telling you because the.

0:29:01.840 --> 0:29:03.760
<v Speaker 4>Accountant was like, yeah, yeah, yeah, you don't need to

0:29:03.840 --> 0:29:05.680
<v Speaker 4>know this, or it doesn't apply to you.

0:29:05.560 --> 0:29:07.440
<v Speaker 5>Like you don't know what's going to apply to me, right,

0:29:07.880 --> 0:29:09.800
<v Speaker 5>And so that's why I've always been inquisitive, is that

0:29:09.840 --> 0:29:12.360
<v Speaker 5>I never wanted anyone to tell me what knowledge I

0:29:12.400 --> 0:29:14.480
<v Speaker 5>needed to know, and I had enough people tell me

0:29:14.520 --> 0:29:16.959
<v Speaker 5>early on when I started investing. Oh, you don't need this,

0:29:17.120 --> 0:29:19.320
<v Speaker 5>or you don't need to know this. My first investment

0:29:19.400 --> 0:29:21.800
<v Speaker 5>started when I was a single mom. I had two

0:29:21.880 --> 0:29:24.320
<v Speaker 5>kids under two, and I remember people telling me why

0:29:24.320 --> 0:29:26.720
<v Speaker 5>am I investing twenty five fifty thousand dollars in a

0:29:26.760 --> 0:29:29.160
<v Speaker 5>startup when I'm going through a terrible divorce and I

0:29:29.200 --> 0:29:32.000
<v Speaker 5>have kids to feed and diapers and I need to

0:29:32.000 --> 0:29:35.520
<v Speaker 5>get Similac and my baby's actually one too similarc One

0:29:35.600 --> 0:29:38.040
<v Speaker 5>took nest the good start almentum and I was on

0:29:38.080 --> 0:29:39.720
<v Speaker 5>the expensive formula, and I was like, you know what,

0:29:40.560 --> 0:29:42.560
<v Speaker 5>let me stop telling people, because I just believed in

0:29:42.600 --> 0:29:44.520
<v Speaker 5>my soul that this was the way for me to

0:29:45.320 --> 0:29:50.680
<v Speaker 5>use my entrepreneurial gifts to identify companies early, to make investments,

0:29:50.760 --> 0:29:53.400
<v Speaker 5>to use my talents to help those companies ultimately grow,

0:29:53.440 --> 0:29:56.160
<v Speaker 5>and to ultimately help my money grow. But I also

0:29:56.240 --> 0:29:58.200
<v Speaker 5>knew that at that point in my life and my career,

0:29:58.480 --> 0:30:01.000
<v Speaker 5>I didn't have people in my orbit wh spoke that language,

0:30:01.040 --> 0:30:04.920
<v Speaker 5>who understood that intention, or who appreciated that kind of

0:30:04.920 --> 0:30:09.640
<v Speaker 5>of hustle. And so that was my first experience in

0:30:09.720 --> 0:30:12.640
<v Speaker 5>life of don't get advice or don't attempt to get

0:30:12.640 --> 0:30:14.880
<v Speaker 5>advice from people that aren't walking in your shoes in

0:30:14.920 --> 0:30:18.400
<v Speaker 5>the most respectful way possible. Because my grandparents loved me,

0:30:18.440 --> 0:30:20.000
<v Speaker 5>they wanted the best for me. But they're, well, baby,

0:30:20.040 --> 0:30:20.520
<v Speaker 5>what are you doing?

0:30:20.600 --> 0:30:21.240
<v Speaker 2>Why are you doing it?

0:30:21.320 --> 0:30:21.720
<v Speaker 1>Don't do it?

0:30:21.760 --> 0:30:23.800
<v Speaker 4>Don't make any sense. Well it makes a lot of

0:30:23.840 --> 0:30:24.400
<v Speaker 4>sense now.

0:30:24.800 --> 0:30:27.040
<v Speaker 5>And so I took a lot of risks where I

0:30:27.040 --> 0:30:29.680
<v Speaker 5>didn't always have people to talk to. I didn't always

0:30:30.080 --> 0:30:32.160
<v Speaker 5>have the answers for a long time. I was shooting

0:30:32.200 --> 0:30:34.960
<v Speaker 5>from the hip for a long time. It was just

0:30:35.080 --> 0:30:39.400
<v Speaker 5>my intuition. I think back to Ruggable Machine, Rashable Rugs.

0:30:39.760 --> 0:30:42.720
<v Speaker 5>I invested in that company in tw twenty sixteen, investor

0:30:42.800 --> 0:30:44.440
<v Speaker 5>number five on the cap table.

0:30:44.800 --> 0:30:47.320
<v Speaker 4>Everyone was like, rugs, they're only five by seven. Well

0:30:47.360 --> 0:30:49.680
<v Speaker 4>now they're nine by twelve, and now they're sold all

0:30:49.720 --> 0:30:50.880
<v Speaker 4>over the world. You know.

0:30:51.360 --> 0:30:53.440
<v Speaker 5>But a lot of it was just me trusting my

0:30:53.520 --> 0:30:58.000
<v Speaker 5>gut because we didn't have these kinds of podcasting conversations,

0:30:58.040 --> 0:31:00.640
<v Speaker 5>and we didn't have you know, women like us that

0:31:00.680 --> 0:31:02.680
<v Speaker 5>we're at this level where we can have these conversations

0:31:02.680 --> 0:31:04.120
<v Speaker 5>about art. And so I was like, let me just

0:31:04.160 --> 0:31:06.880
<v Speaker 5>do it by myself, and I hope I'm making the

0:31:06.960 --> 0:31:08.040
<v Speaker 5>right decision.

0:31:10.080 --> 0:31:13.760
<v Speaker 3>When it comes to hearing all these different perspectives and

0:31:13.800 --> 0:31:16.480
<v Speaker 3>here's what our path was, and here's why we're doing something.

0:31:16.520 --> 0:31:18.680
<v Speaker 3>It sounds like you also have a really healthy understanding

0:31:18.720 --> 0:31:21.160
<v Speaker 3>of the fact that you don't have to take everyone's

0:31:21.200 --> 0:31:23.560
<v Speaker 3>path as Bible like as you need to emulate it.

0:31:23.560 --> 0:31:25.560
<v Speaker 3>And I think that's where so many people get overwhelmed

0:31:25.600 --> 0:31:28.800
<v Speaker 3>and they start to get off course and out of

0:31:28.920 --> 0:31:32.640
<v Speaker 3>center with themselves and their own goals when they absorb

0:31:32.800 --> 0:31:35.520
<v Speaker 3>so much insight from other people and they don't know

0:31:35.520 --> 0:31:38.560
<v Speaker 3>how to filter that through their values, their dreams or goals.

0:31:38.920 --> 0:31:41.000
<v Speaker 3>So can you talk a little bit about how all

0:31:41.040 --> 0:31:45.640
<v Speaker 3>this information you have been able to discern what fits

0:31:46.040 --> 0:31:49.280
<v Speaker 3>for you, like what works for you? And what advice

0:31:49.320 --> 0:31:51.560
<v Speaker 3>do you have for people who are maybe hearing you

0:31:51.600 --> 0:31:53.640
<v Speaker 3>talk about some things and thinking like, how do I

0:31:53.720 --> 0:31:55.080
<v Speaker 3>decide if that makes sense for me?

0:31:56.560 --> 0:31:56.800
<v Speaker 4>Yeah?

0:31:56.840 --> 0:32:00.640
<v Speaker 5>I think determining what is right for you, your personal

0:32:00.680 --> 0:32:04.360
<v Speaker 5>decision calculus of the risks that you feel comfortable taking,

0:32:04.520 --> 0:32:07.840
<v Speaker 5>based upon how long you can live in the unknown.

0:32:08.720 --> 0:32:11.840
<v Speaker 5>And I think the blessing, the blessing in the curse

0:32:11.880 --> 0:32:13.280
<v Speaker 5>of being a founder is that you really know how

0:32:13.320 --> 0:32:14.040
<v Speaker 5>to live in the unknown.

0:32:14.400 --> 0:32:16.720
<v Speaker 4>Right. I remember when COVID happened, everyone was like, oh

0:32:16.720 --> 0:32:18.040
<v Speaker 4>my god, I'm not going to get a paycheck, and

0:32:18.080 --> 0:32:19.960
<v Speaker 4>I was like, I've.

0:32:19.840 --> 0:32:22.960
<v Speaker 5>Never had a weekly paycheck in my life, So you know,

0:32:23.040 --> 0:32:25.000
<v Speaker 5>in that moment, it was like, oh, there's the blessing.

0:32:25.080 --> 0:32:25.840
<v Speaker 4>Like I don't know what.

0:32:25.800 --> 0:32:29.240
<v Speaker 5>It's like to have that consistency there, and so it

0:32:29.240 --> 0:32:30.720
<v Speaker 5>feels just the same for me.

0:32:31.200 --> 0:32:33.920
<v Speaker 4>But it's also that we have goals.

0:32:33.960 --> 0:32:35.440
<v Speaker 5>We see what people are doing, and a lot of

0:32:35.520 --> 0:32:37.080
<v Speaker 5>us are sitting back now going I want to be

0:32:37.120 --> 0:32:37.560
<v Speaker 5>an investor.

0:32:37.600 --> 0:32:38.520
<v Speaker 4>I wanted this. I wanted that.

0:32:38.600 --> 0:32:40.880
<v Speaker 5>And recently somebody said to me, what do I what's

0:32:40.920 --> 0:32:44.600
<v Speaker 5>the first investment I make if I want to.

0:32:43.800 --> 0:32:45.760
<v Speaker 4>Invest in tech startups? And I asked them a series

0:32:45.800 --> 0:32:47.240
<v Speaker 4>of questions and the questions.

0:32:46.880 --> 0:32:48.760
<v Speaker 5>Were along the lines up. This is not the whole list,

0:32:48.800 --> 0:32:50.440
<v Speaker 5>but some of them. How much of a nest egg

0:32:50.480 --> 0:32:52.800
<v Speaker 5>do you have? Do you have at least six months

0:32:52.800 --> 0:32:55.360
<v Speaker 5>of runway? The money that you're going to that you

0:32:55.520 --> 0:32:58.640
<v Speaker 5>have that you're thinking about investing. Is that the only

0:32:58.720 --> 0:33:00.760
<v Speaker 5>pot of money that you have to make that investment

0:33:00.920 --> 0:33:03.480
<v Speaker 5>or are there more tranches of that same capital?

0:33:03.640 --> 0:33:03.800
<v Speaker 4>Right?

0:33:03.800 --> 0:33:05.840
<v Speaker 5>So, if you have twenty five k, twenty I wouldn't

0:33:05.840 --> 0:33:08.320
<v Speaker 5>say put twenty five k in one company, right, I'd

0:33:08.360 --> 0:33:10.320
<v Speaker 5>say put it in five companies, even if you have

0:33:10.320 --> 0:33:13.360
<v Speaker 5>a smaller position, just that you diversify your exposure because

0:33:13.360 --> 0:33:15.120
<v Speaker 5>you're not there yet right now.

0:33:15.160 --> 0:33:17.240
<v Speaker 4>When you go to sell, I'd say, at least pay

0:33:17.240 --> 0:33:17.960
<v Speaker 4>yourself back.

0:33:17.840 --> 0:33:19.880
<v Speaker 5>Your principle and one hundred percent. If you've got one

0:33:19.920 --> 0:33:22.200
<v Speaker 5>hundred percent, then go play with the rest. A lot

0:33:22.280 --> 0:33:24.600
<v Speaker 5>of people don't have a good handle on, you know,

0:33:24.680 --> 0:33:27.920
<v Speaker 5>what they're going to save, split, reinvest, what have you.

0:33:28.480 --> 0:33:31.480
<v Speaker 5>And the more I think about it, folks are often

0:33:32.040 --> 0:33:34.320
<v Speaker 5>chasing what they think is the thing for now, and

0:33:34.400 --> 0:33:37.080
<v Speaker 5>we see investors do the same thing. The investors that

0:33:37.200 --> 0:33:40.160
<v Speaker 5>were hot into cannabis all went into crypto. Now all

0:33:40.160 --> 0:33:43.680
<v Speaker 5>the crypto guys are just into blockchain. Now those guys

0:33:43.680 --> 0:33:44.760
<v Speaker 5>are into something else.

0:33:44.680 --> 0:33:49.880
<v Speaker 1>Right GP two there, you know.

0:33:50.960 --> 0:33:54.120
<v Speaker 4>But it's also starting with the capital.

0:33:54.240 --> 0:33:57.040
<v Speaker 5>You have to get to where you want to go

0:33:57.320 --> 0:34:00.400
<v Speaker 5>to build towards where you want to be, and that

0:34:01.040 --> 0:34:02.520
<v Speaker 5>means also baby steps.

0:34:02.680 --> 0:34:04.240
<v Speaker 4>Just like I said at the beginning.

0:34:04.240 --> 0:34:07.200
<v Speaker 5>So things that I started doing when I started growing

0:34:07.200 --> 0:34:09.279
<v Speaker 5>my money years ago, I don't do anymore, and not

0:34:09.320 --> 0:34:11.520
<v Speaker 5>because they're not good for growing my money, but they

0:34:11.560 --> 0:34:13.480
<v Speaker 5>grow my money at a different rate than I now

0:34:13.520 --> 0:34:14.520
<v Speaker 5>have access to other.

0:34:14.400 --> 0:34:16.360
<v Speaker 4>Avenues and investment vehicles to grow my money.

0:34:17.120 --> 0:34:19.839
<v Speaker 5>So I used to buy properties back in the day

0:34:19.840 --> 0:34:23.200
<v Speaker 5>on list pendence pre for closure, and that was how

0:34:23.239 --> 0:34:25.759
<v Speaker 5>I accumulated my money in the beginning was in real estate.

0:34:25.880 --> 0:34:28.279
<v Speaker 5>I would not start out with tech because I didn't

0:34:28.320 --> 0:34:30.640
<v Speaker 5>have a foundation to feel comfortable going into tech in

0:34:30.680 --> 0:34:32.959
<v Speaker 5>the first place. But I felt comfortable going into tech

0:34:33.400 --> 0:34:36.279
<v Speaker 5>knowing that I had the stability of real estate, real

0:34:36.400 --> 0:34:38.680
<v Speaker 5>estate that was income generating real estate that was a

0:34:38.719 --> 0:34:42.640
<v Speaker 5>growing asset. But also knowing that I could put smaller

0:34:42.680 --> 0:34:46.640
<v Speaker 5>dollars into multi family units and rent them out and

0:34:46.719 --> 0:34:50.480
<v Speaker 5>have small mortgages versus trying.

0:34:50.239 --> 0:34:51.640
<v Speaker 4>To come up with money to angel invest in a

0:34:51.640 --> 0:34:53.480
<v Speaker 4>company that I'm not going to see for ten years.

0:34:53.719 --> 0:34:56.560
<v Speaker 5>Right, that's not necessarily an appreciating asset that I could

0:34:56.560 --> 0:34:58.799
<v Speaker 5>sell at any time, whether it's for break even or

0:34:58.840 --> 0:35:01.640
<v Speaker 5>for profit. And so I'm speaking now a lot of

0:35:01.680 --> 0:35:04.840
<v Speaker 5>the times to women, especially around like what are the

0:35:04.880 --> 0:35:07.960
<v Speaker 5>asset classes where you should start with growing your money?

0:35:08.000 --> 0:35:11.399
<v Speaker 4>What are the areas in your life? Even if we can.

0:35:11.280 --> 0:35:13.319
<v Speaker 5>Think about asset classes, but we can also look at

0:35:13.320 --> 0:35:16.279
<v Speaker 5>our expertise and our intellect as an asset. And there

0:35:16.280 --> 0:35:18.439
<v Speaker 5>are so many women that have jobs doing one thing,

0:35:18.520 --> 0:35:20.759
<v Speaker 5>but maybe they have a super skill doing something else

0:35:21.120 --> 0:35:23.759
<v Speaker 5>that they could be having a side hustle making more

0:35:23.800 --> 0:35:25.799
<v Speaker 5>money per hour than they are in a week doing

0:35:25.840 --> 0:35:28.280
<v Speaker 5>their day job, which provides a separate set of security

0:35:28.320 --> 0:35:31.040
<v Speaker 5>or benefits that they need. Right, So, what other assets

0:35:31.200 --> 0:35:33.680
<v Speaker 5>do we have do we possess that we can grow

0:35:34.719 --> 0:35:37.440
<v Speaker 5>to make money, to preserve money, or to shield the

0:35:37.480 --> 0:35:40.480
<v Speaker 5>money that we're attempting to create wealth with.

0:35:40.880 --> 0:35:44.319
<v Speaker 1>Wow, honestly, I never is listening like wait, what, Like

0:35:44.680 --> 0:35:47.560
<v Speaker 1>you think to yourself, how do I get here? And

0:35:47.760 --> 0:35:50.040
<v Speaker 1>you know, like it's I'm glad that you share that

0:35:50.080 --> 0:35:52.240
<v Speaker 1>you were a single mom, that you went through a divorce,

0:35:52.320 --> 0:35:55.160
<v Speaker 1>that you didn't grow up with all of this access,

0:35:55.320 --> 0:35:58.680
<v Speaker 1>and that you persisted your way through. I think that

0:35:58.680 --> 0:36:02.319
<v Speaker 1>that's critically important if people want to stay connected with you, Lauren,

0:36:02.320 --> 0:36:04.400
<v Speaker 1>if they want to learn more about you. Maybe somebody's like,

0:36:04.400 --> 0:36:06.000
<v Speaker 1>well I want to be my mentor Like how do

0:36:06.080 --> 0:36:09.200
<v Speaker 1>they continue like to connect with you and to learn

0:36:09.239 --> 0:36:10.960
<v Speaker 1>what else you're going through, like what else you are

0:36:11.000 --> 0:36:13.800
<v Speaker 1>working on? Like how does someone follow your journey digitally.

0:36:14.960 --> 0:36:18.360
<v Speaker 5>Yeah, So I'm pretty active on Instagram and on LinkedIn.

0:36:19.480 --> 0:36:23.759
<v Speaker 4>So I'm at Lauren Mylin on LinkedIn and on Instagram,

0:36:23.840 --> 0:36:26.400
<v Speaker 4>so you can find me there. I'm pretty active on

0:36:26.760 --> 0:36:27.600
<v Speaker 4>both of those sites.

0:36:27.640 --> 0:36:29.960
<v Speaker 5>I do a lot of writing, a lot of opinion sharing,

0:36:30.040 --> 0:36:33.200
<v Speaker 5>a lot of lifestyle hack sharing. But you know, we

0:36:33.520 --> 0:36:39.040
<v Speaker 5>as brown women, as black women, being ambitious is not easy, right,

0:36:39.160 --> 0:36:42.920
<v Speaker 5>Like we say ambition and it's cool, it's awesome that

0:36:43.000 --> 0:36:43.920
<v Speaker 5>we can possess it.

0:36:44.239 --> 0:36:46.200
<v Speaker 4>What do we do with it? Right? What do we

0:36:46.200 --> 0:36:46.640
<v Speaker 4>do with it?

0:36:46.680 --> 0:36:49.360
<v Speaker 5>How do we harness it in our life to achieve

0:36:49.400 --> 0:36:50.839
<v Speaker 5>the outcomes that we want?

0:36:50.880 --> 0:36:52.920
<v Speaker 4>And I'm so passionate about that.

0:36:53.239 --> 0:36:56.000
<v Speaker 5>And I know that if it was not for entrepreneurship

0:36:56.120 --> 0:36:59.239
<v Speaker 5>and my unconventional path, I.

0:36:59.160 --> 0:37:00.000
<v Speaker 4>Wouldn't be here today.

0:37:00.080 --> 0:37:02.800
<v Speaker 5>There's no way that at thirty eight years old, single bomb,

0:37:03.320 --> 0:37:07.239
<v Speaker 5>you know, a single bomb for eight years, remarried, you know,

0:37:07.520 --> 0:37:12.640
<v Speaker 5>fifteen and thirteen year old, I mean, never gotten a diamond,

0:37:12.719 --> 0:37:16.520
<v Speaker 5>tiles of woid till this day. So I'm grateful for

0:37:16.600 --> 0:37:18.960
<v Speaker 5>what entrepreneurship has taught me, and I'm grateful for the

0:37:19.000 --> 0:37:21.480
<v Speaker 5>opportunity to have been around people who have allowed me

0:37:21.600 --> 0:37:27.000
<v Speaker 5>to see frameworks and examples of preserving and creating wealth

0:37:27.040 --> 0:37:29.880
<v Speaker 5>that you know we can we can look at and

0:37:29.920 --> 0:37:33.640
<v Speaker 5>we often see the end result, but do we understand the.

0:37:33.600 --> 0:37:37.120
<v Speaker 4>How or the why? Right we read the articles on

0:37:37.280 --> 0:37:40.080
<v Speaker 4>what the moves that people are making, taking a step further,

0:37:40.280 --> 0:37:43.359
<v Speaker 4>Go research, you know, go research what folks are doing.

0:37:43.440 --> 0:37:47.319
<v Speaker 5>Go research smart way better ways to do something that

0:37:47.360 --> 0:37:50.640
<v Speaker 5>you want to accomplish. Grab a couple of friends, and

0:37:50.640 --> 0:37:53.680
<v Speaker 5>start making investments in companies so that you can diversify

0:37:53.719 --> 0:37:54.600
<v Speaker 5>your exposure.

0:37:54.840 --> 0:37:56.200
<v Speaker 4>Right, Like, you great to need.

0:37:56.239 --> 0:37:59.520
<v Speaker 5>Access, but diversify your exposure is the worst thing that

0:37:59.560 --> 0:38:02.160
<v Speaker 5>can happen. Things are on land and they don't go

0:38:02.880 --> 0:38:06.200
<v Speaker 5>as we'd like them too. But if we've got this portfolio,

0:38:06.280 --> 0:38:07.960
<v Speaker 5>it's okay. You win some, you loose them, You win some,

0:38:08.080 --> 0:38:09.319
<v Speaker 5>you loose them, and it all comes out in the

0:38:09.440 --> 0:38:13.760
<v Speaker 5>wash and you get to hopefully perfectly have a life

0:38:13.760 --> 0:38:15.799
<v Speaker 5>that you love and that you're proud of and that

0:38:15.920 --> 0:38:17.719
<v Speaker 5>is authentic to who you are, and that sets you

0:38:17.800 --> 0:38:19.200
<v Speaker 5>up to live the life that you want to create

0:38:19.200 --> 0:38:19.800
<v Speaker 5>for your family.

0:38:20.160 --> 0:38:22.759
<v Speaker 3>I love that well. I feel like this was for

0:38:22.840 --> 0:38:26.000
<v Speaker 3>many people listening, probably like for me, I feel like

0:38:26.880 --> 0:38:30.279
<v Speaker 3>the kid who's stuck into a college level course was

0:38:30.360 --> 0:38:34.960
<v Speaker 3>like in the remedial class, and it's like this is no,

0:38:35.040 --> 0:38:37.160
<v Speaker 3>but it's so important, I think to be witnessed to

0:38:37.200 --> 0:38:40.840
<v Speaker 3>these kinds of conversations because it's like, Okay, this is possible,

0:38:41.480 --> 0:38:44.360
<v Speaker 3>and my AHA moment is And what I'm so glad is,

0:38:44.680 --> 0:38:47.200
<v Speaker 3>you know, it's about those baby steps and really like,

0:38:47.280 --> 0:38:48.719
<v Speaker 3>in order to get to where you are now, you

0:38:48.760 --> 0:38:51.880
<v Speaker 3>had to first make some money and use wealth building

0:38:51.880 --> 0:38:55.120
<v Speaker 3>strategies basic ones to you know, grow the capital so

0:38:55.160 --> 0:38:57.760
<v Speaker 3>that you could do something with it. And I feel like, Tiff,

0:38:57.800 --> 0:39:00.880
<v Speaker 3>you're at this like rich Aunty phase where this is

0:39:00.880 --> 0:39:03.560
<v Speaker 3>the level where it's like where's the budget, needs to

0:39:03.680 --> 0:39:06.360
<v Speaker 3>VC fund you know what I mean, like angel investing

0:39:06.400 --> 0:39:08.480
<v Speaker 3>and all that kind of stuff. So thank you so

0:39:08.560 --> 0:39:10.600
<v Speaker 3>much Lauren for just sharing a little bit of your journey,

0:39:11.440 --> 0:39:15.000
<v Speaker 3>because for me, I'm just like I will always remember

0:39:15.040 --> 0:39:16.600
<v Speaker 3>it's possible because I met Lauren.

0:39:18.560 --> 0:39:20.799
<v Speaker 4>It's possible. It is so possible, and I want to

0:39:20.800 --> 0:39:23.000
<v Speaker 4>help you achieve whatever dreams you've got to.

0:39:23.320 --> 0:39:26.400
<v Speaker 5>We'll talk offline and make that happen anyway that I

0:39:26.440 --> 0:39:27.200
<v Speaker 5>can be helpful.

0:39:27.719 --> 0:39:30.800
<v Speaker 1>Well, ba fam Hopefully your mind is blown like ours

0:39:30.880 --> 0:39:34.239
<v Speaker 1>is and you can take you to listen and yeah,

0:39:34.320 --> 0:39:36.600
<v Speaker 1>be able have va QA at the end of the week.

0:39:37.320 --> 0:39:40.120
<v Speaker 1>You have questions you have maybe you want to be

0:39:40.200 --> 0:39:43.520
<v Speaker 1>on the podcast because you're dope and amazing. Certainly can

0:39:43.600 --> 0:39:47.000
<v Speaker 1>hit us up at briannivisionpodcast dot com. We are Brand

0:39:47.040 --> 0:39:50.200
<v Speaker 1>and Vision podcast on IG the BA Podcast on Twitter.

0:39:51.520 --> 0:39:54.279
<v Speaker 2>But until next time, y'all, We'll see you soon.

0:39:55.280 --> 0:39:57.800
<v Speaker 1>Oh I got ba fam. Wasn't that such an awesome throwback?

0:39:57.800 --> 0:40:00.560
<v Speaker 1>It's such a fun trip down memory lane. Mm hm, Well,

0:40:00.560 --> 0:40:03.600
<v Speaker 1>make sure to check out Brown Ambition every Monday, Wednesday

0:40:03.600 --> 0:40:07.600
<v Speaker 1>and Friday. That's Looless, Miacherless and their nas Oh my

0:40:07.640 --> 0:40:08.400
<v Speaker 1>god on my lingual.

0:40:09.760 --> 0:40:16.680
<v Speaker 2>We'll see you next walks. You see you on Wednesday. Bye,