1 00:00:00,080 --> 00:00:02,720 Speaker 1: My next guest. As an international acclaimed thought leader on 2 00:00:02,840 --> 00:00:06,680 Speaker 1: emerging technology companies, he has been engaged in over one 3 00:00:06,760 --> 00:00:12,520 Speaker 1: billion dollars transactions. That's a lot of money. Please welcome 4 00:00:12,560 --> 00:00:19,160 Speaker 1: to moneymaking Conversation. Rashawn Williams. Thank you very much. I 5 00:00:19,840 --> 00:00:21,800 Speaker 1: never thought I would be talking to someone with my 6 00:00:21,920 --> 00:00:26,840 Speaker 1: exact same name spelled so differently. And I mean, here's 7 00:00:26,840 --> 00:00:29,600 Speaker 1: the fun thing about I was in the struggle how 8 00:00:29,640 --> 00:00:31,920 Speaker 1: you saying that? How you said, it's just like your name. 9 00:00:32,080 --> 00:00:37,720 Speaker 1: It's just like your name exactly, and we have the 10 00:00:37,760 --> 00:00:42,800 Speaker 1: same beard. I basically want to be like Mr Weed. 11 00:00:43,080 --> 00:00:45,400 Speaker 1: You got hair on your head, so hey, we got 12 00:00:45,400 --> 00:00:49,279 Speaker 1: a separate the la. You still your dormly got some 13 00:00:49,360 --> 00:00:52,320 Speaker 1: mo top your black hair. Holding on. My brother, I 14 00:00:52,360 --> 00:00:54,640 Speaker 1: am barely holding on. So I'm looking at you and 15 00:00:54,680 --> 00:00:57,840 Speaker 1: I'm like that backtly where I want to be. I 16 00:00:57,880 --> 00:01:00,480 Speaker 1: love it. I love I love first gonna thank you 17 00:01:00,520 --> 00:01:02,560 Speaker 1: for the energy, thank you for coming on my show, 18 00:01:02,960 --> 00:01:05,800 Speaker 1: and that the purpose of this show is first of all, 19 00:01:06,160 --> 00:01:08,319 Speaker 1: for you, not for this not to be your only visit. 20 00:01:08,440 --> 00:01:12,319 Speaker 1: Let's get that clear first, because I think that, uh, 21 00:01:12,440 --> 00:01:15,280 Speaker 1: this show has been great because it gives individuals who 22 00:01:15,280 --> 00:01:18,360 Speaker 1: are successful, a voice, a channeler come in and just 23 00:01:18,440 --> 00:01:21,120 Speaker 1: communicate exactly what they're trying to do. But I did 24 00:01:21,120 --> 00:01:23,200 Speaker 1: anty restrictions. You know, I'm I'm not over here to 25 00:01:23,319 --> 00:01:25,720 Speaker 1: charge anybody a fee. I'm not only here to try 26 00:01:25,800 --> 00:01:29,600 Speaker 1: to having to pop up saying that you know your information, 27 00:01:29,640 --> 00:01:31,640 Speaker 1: you're gonna get it, gonna be translating into something else 28 00:01:31,640 --> 00:01:33,880 Speaker 1: where I can make money abound. Money Making Conversation is 29 00:01:34,200 --> 00:01:37,520 Speaker 1: designed to give people an opportunity to hear successful people 30 00:01:37,959 --> 00:01:40,760 Speaker 1: talk about the secrets of their success. And the success 31 00:01:40,920 --> 00:01:43,240 Speaker 1: is many different lanes. Your lane is different from my life. 32 00:01:43,400 --> 00:01:46,600 Speaker 1: May we may share the same annunciation, but we're two 33 00:01:46,600 --> 00:01:49,520 Speaker 1: different people. And how it's accomplished our path of success, 34 00:01:50,000 --> 00:01:51,880 Speaker 1: you know, and and when I when I talk about that, 35 00:01:51,960 --> 00:01:54,360 Speaker 1: Let's start at the beginning with you. When you were 36 00:01:54,400 --> 00:01:56,720 Speaker 1: trying to figure out who you were? How did not 37 00:01:56,920 --> 00:01:59,360 Speaker 1: who you are? Now? I would tell people, you know, 38 00:01:59,480 --> 00:02:01,920 Speaker 1: sometimes you'll look in your past to find out who 39 00:02:01,960 --> 00:02:04,840 Speaker 1: you are in order to move forward. When you came 40 00:02:04,840 --> 00:02:06,760 Speaker 1: out of the college, did you are you doing what 41 00:02:06,800 --> 00:02:10,839 Speaker 1: you thought you would be doing? You know? No, I'm 42 00:02:10,880 --> 00:02:14,840 Speaker 1: not um. When I came out of college. I'm from 43 00:02:14,840 --> 00:02:17,040 Speaker 1: the South side of Chicago. So I'm from a pretty 44 00:02:17,120 --> 00:02:19,519 Speaker 1: rough neighborhood, and the only thing I knew for sure 45 00:02:20,080 --> 00:02:22,000 Speaker 1: was that I didn't want to be broke anymore. But 46 00:02:22,040 --> 00:02:26,000 Speaker 1: I didn't understand anything about finance, anything about investment. So 47 00:02:26,040 --> 00:02:29,960 Speaker 1: I was running away from something more so than running 48 00:02:30,000 --> 00:02:33,600 Speaker 1: towards something. So for me, I was just trying to 49 00:02:33,639 --> 00:02:38,679 Speaker 1: live life in some type of financially free environment as 50 00:02:38,680 --> 00:02:41,920 Speaker 1: opposed to the restricted environment that I grew up in. 51 00:02:42,000 --> 00:02:43,560 Speaker 1: So I didn't know it would lead me to here. 52 00:02:43,560 --> 00:02:45,720 Speaker 1: So I went to the one place that that everybody 53 00:02:45,760 --> 00:02:47,840 Speaker 1: would go to if they wanted to learn about money, 54 00:02:47,880 --> 00:02:50,400 Speaker 1: and that's Wall Street. So I left more House College, 55 00:02:50,480 --> 00:02:53,920 Speaker 1: went to Goldman Sacks and that's when I learned about investing, 56 00:02:54,000 --> 00:02:56,560 Speaker 1: and all of my clients were billionaires, and I learned 57 00:02:56,600 --> 00:02:59,960 Speaker 1: how money moved and how people were out there went 58 00:03:00,040 --> 00:03:03,000 Speaker 1: in and I noticed that our community wasn't a part 59 00:03:03,040 --> 00:03:06,960 Speaker 1: of it. Absolutely absolutely, And let match you this. We 60 00:03:07,000 --> 00:03:09,799 Speaker 1: always talked about Wall Street of money. Do you ought 61 00:03:09,880 --> 00:03:12,200 Speaker 1: to be a participant in Wall Street? Do you really 62 00:03:12,240 --> 00:03:15,680 Speaker 1: have to? What is having money? How could you be 63 00:03:15,720 --> 00:03:18,880 Speaker 1: a part of the game action? You know? What? What? What? 64 00:03:18,880 --> 00:03:23,200 Speaker 1: What allows you to be a participant? How much. Yeah. 65 00:03:23,320 --> 00:03:28,320 Speaker 1: So according to the government, if you want access to 66 00:03:28,720 --> 00:03:32,200 Speaker 1: kind of the biggest and and and most profitable investment 67 00:03:32,200 --> 00:03:34,760 Speaker 1: opportunities and in the private markets, you have to be 68 00:03:34,800 --> 00:03:38,640 Speaker 1: what we call an accredited investor. And accredited investor is 69 00:03:38,680 --> 00:03:40,880 Speaker 1: somebody that makes over two hundred grand a year or 70 00:03:40,920 --> 00:03:44,000 Speaker 1: whose network is more than a million dollars. So those 71 00:03:44,080 --> 00:03:48,839 Speaker 1: investors get access to the fastest growing private companies, which 72 00:03:48,880 --> 00:03:51,680 Speaker 1: is how most people are making all the money. After 73 00:03:51,720 --> 00:03:54,520 Speaker 1: a company goes public and it's a little safer, but 74 00:03:54,680 --> 00:03:57,680 Speaker 1: that's when the average investor, your mom and pop gets 75 00:03:57,680 --> 00:04:00,000 Speaker 1: access to it. But by that time it's slowed down 76 00:04:00,080 --> 00:04:02,600 Speaker 1: a little bit in terms of growth and uh and 77 00:04:02,600 --> 00:04:05,520 Speaker 1: and the profit margins are are still there, but it's 78 00:04:05,560 --> 00:04:08,280 Speaker 1: just not growing as quickly as possible. So in our 79 00:04:08,280 --> 00:04:12,680 Speaker 1: world is divided by accredited investors and non accredited investors. 80 00:04:13,000 --> 00:04:16,680 Speaker 1: But Wall Street is really dominated by the big institutions. 81 00:04:16,800 --> 00:04:19,640 Speaker 1: So all of the painting funds, all the insurance companies, 82 00:04:19,880 --> 00:04:23,040 Speaker 1: they have a trillion dollars, they have billions of dollars, 83 00:04:23,040 --> 00:04:25,200 Speaker 1: and they're the ones that are making all of the 84 00:04:25,240 --> 00:04:29,880 Speaker 1: big investments. And most people's retirement accounts are held with 85 00:04:29,960 --> 00:04:32,839 Speaker 1: those firms. So they're kind of getting into it but 86 00:04:32,920 --> 00:04:36,240 Speaker 1: through someone else. Right, And so this is important because 87 00:04:36,360 --> 00:04:38,039 Speaker 1: first of all, what I don't do the show is 88 00:04:38,160 --> 00:04:41,760 Speaker 1: advised people where to put their money. I just talked 89 00:04:41,760 --> 00:04:44,720 Speaker 1: in general because because people will hold you accountable. Were 90 00:04:44,760 --> 00:04:47,039 Speaker 1: you told me? Was sure that stocked with the where 91 00:04:47,120 --> 00:04:49,400 Speaker 1: to go? But I put my mama money in there, 92 00:04:49,600 --> 00:04:52,840 Speaker 1: my mom, not my daddy money, My mama money in there. 93 00:04:53,240 --> 00:04:56,400 Speaker 1: You know what I'm saying is the cover of the 94 00:04:57,320 --> 00:05:00,440 Speaker 1: faux pause. So we were talking like, it's just when 95 00:05:00,440 --> 00:05:04,120 Speaker 1: I invest I've always been a nervous investor. I got 96 00:05:04,160 --> 00:05:08,400 Speaker 1: like maybe like and aggressive and the rest is a 97 00:05:08,400 --> 00:05:12,279 Speaker 1: conservative but they're they're there's certain age groups and where 98 00:05:12,279 --> 00:05:15,040 Speaker 1: you should be aggressive because you can recover. And then 99 00:05:15,040 --> 00:05:17,719 Speaker 1: can you break down that little age group conversation about 100 00:05:17,720 --> 00:05:23,200 Speaker 1: how you can look at So what's interesting, and you're 101 00:05:23,240 --> 00:05:26,960 Speaker 1: the money moves guy, your investment philosophy is exactly what 102 00:05:27,080 --> 00:05:32,440 Speaker 1: billionaires do. So billionaires mostly put um a big chunk 103 00:05:32,480 --> 00:05:36,960 Speaker 1: of it. Let's say, you know, fifty in something very 104 00:05:37,000 --> 00:05:39,760 Speaker 1: conservative like bonds, right where they can generate some income. 105 00:05:39,960 --> 00:05:41,920 Speaker 1: But then they go all the way on the other 106 00:05:42,040 --> 00:05:44,719 Speaker 1: end of the respectrum and go to risky stuff like 107 00:05:44,760 --> 00:05:47,320 Speaker 1: private equity where they can double and triple their money. 108 00:05:47,480 --> 00:05:49,719 Speaker 1: So your investments a lot for you, exact same as 109 00:05:49,720 --> 00:05:53,359 Speaker 1: the billionaires on Wall Street. But what the average American 110 00:05:53,480 --> 00:05:58,840 Speaker 1: does is if you're anywhere between you know, five years 111 00:05:58,839 --> 00:06:02,600 Speaker 1: to ten years out from retirement, most of your money 112 00:06:02,600 --> 00:06:06,719 Speaker 1: should be held in stocks, and quite frankly, the SMP 113 00:06:06,880 --> 00:06:10,560 Speaker 1: five hundred, you'll get on average ten percent returns every 114 00:06:10,640 --> 00:06:13,240 Speaker 1: years in the average for the last one hundred years. 115 00:06:13,400 --> 00:06:16,640 Speaker 1: Sometimes it's up, sometimes it's down. If you are one 116 00:06:16,760 --> 00:06:19,200 Speaker 1: to five years from retirement, you want to be in 117 00:06:19,240 --> 00:06:23,400 Speaker 1: mostly bonds because it's safer, right, and it's not as volatile, 118 00:06:23,600 --> 00:06:25,120 Speaker 1: and you'll be able to get your money back you 119 00:06:25,160 --> 00:06:27,719 Speaker 1: know exactly how much, you know when. But in stocks 120 00:06:27,960 --> 00:06:29,680 Speaker 1: it's gonna go up and down every year. You don't 121 00:06:29,680 --> 00:06:32,920 Speaker 1: want to have that volatility when you're getting ready to retire, right. 122 00:06:33,200 --> 00:06:37,359 Speaker 1: So the average allocation for someone who is five years 123 00:06:37,360 --> 00:06:41,480 Speaker 1: removed from retirement or more, it's mostly stocks. Five years 124 00:06:41,560 --> 00:06:43,920 Speaker 1: or less it's mostly bonds, and then as you get 125 00:06:43,920 --> 00:06:47,200 Speaker 1: closer to retirement, it kind of goes more, you know, 126 00:06:47,279 --> 00:06:51,240 Speaker 1: towards bonds away from stocks. Absolutely. The thing about is 127 00:06:51,279 --> 00:06:54,440 Speaker 1: that down do you look at. We just have the 128 00:06:54,520 --> 00:06:56,680 Speaker 1: general conversation, not trying to pin you down on any day. 129 00:06:56,720 --> 00:06:59,799 Speaker 1: We're just talking about different ways I've done my money 130 00:06:59,800 --> 00:07:01,600 Speaker 1: and I still do my money. I've looked at the 131 00:07:02,080 --> 00:07:07,520 Speaker 1: insurance policies. What are your thoughts on those? Just your thoughts, 132 00:07:07,839 --> 00:07:09,720 Speaker 1: not puning you down, because a lot of people come 133 00:07:09,800 --> 00:07:11,560 Speaker 1: to different ways to say, what can I do with 134 00:07:11,600 --> 00:07:16,960 Speaker 1: my money? Where should I put my money? Yeah? So 135 00:07:18,080 --> 00:07:20,800 Speaker 1: so um first and foremost, I'm not a financial the biser. 136 00:07:21,040 --> 00:07:24,800 Speaker 1: I'm a venture capitlist invest in tech company. The world 137 00:07:24,880 --> 00:07:28,320 Speaker 1: I live in is like investing in Airbnb and modify, 138 00:07:29,040 --> 00:07:32,040 Speaker 1: terriss and lifts uber and stuff like that. But you know, 139 00:07:32,120 --> 00:07:34,400 Speaker 1: but you know, but you know, Mr Willives, you could 140 00:07:34,440 --> 00:07:37,240 Speaker 1: just say, crazy question I'm getting so as they say investing, Yeah, 141 00:07:37,320 --> 00:07:41,880 Speaker 1: that's all they I know. Excuse me, excuse me, money mane, 142 00:07:41,920 --> 00:07:48,000 Speaker 1: money mane. But I do think people should have diversification, 143 00:07:48,560 --> 00:07:51,560 Speaker 1: and that's in the form of insurance. Have some bonds, 144 00:07:51,720 --> 00:07:55,080 Speaker 1: have some stocks, have some private equity, own some restaurants, 145 00:07:55,120 --> 00:07:58,000 Speaker 1: own some real estates. Right, So if you look at 146 00:07:58,000 --> 00:08:00,720 Speaker 1: a diverse portfolio, you don't to put all your eggs 147 00:08:00,720 --> 00:08:04,880 Speaker 1: one back the most important investment philosophy is diversification. The 148 00:08:04,920 --> 00:08:09,040 Speaker 1: most important investment strategy is cell high. If you from 149 00:08:09,080 --> 00:08:11,000 Speaker 1: the streets, you already know about that anyway, I mean 150 00:08:11,040 --> 00:08:13,640 Speaker 1: to tell nobody about that. But by a little cell 151 00:08:13,720 --> 00:08:18,600 Speaker 1: high strategy, diversification philosophy, you have to have a little 152 00:08:18,600 --> 00:08:22,560 Speaker 1: bit of all of these things. Now, you know. I'm justaing. 153 00:08:22,600 --> 00:08:25,240 Speaker 1: I was blown away by your bio. That was the 154 00:08:25,320 --> 00:08:33,920 Speaker 1: who and then I got down cap appaside Sma Maga 155 00:08:34,000 --> 00:08:36,440 Speaker 1: Man asked, oh my goodness, I have on my show. 156 00:08:37,280 --> 00:08:50,600 Speaker 1: But I was blowing away by his rest that's all. No, y'all, yeah, man, 157 00:08:50,640 --> 00:08:53,320 Speaker 1: you know we're all a part of the divine. It's 158 00:08:53,320 --> 00:08:58,680 Speaker 1: the thing about uh sir, I want to talk about 159 00:08:58,720 --> 00:09:01,920 Speaker 1: because you come from an hbc YOU school and a 160 00:09:01,920 --> 00:09:06,760 Speaker 1: lot of people you know, see you do have what 161 00:09:06,920 --> 00:09:09,679 Speaker 1: pride do you have? Which is success that you have 162 00:09:09,720 --> 00:09:14,880 Speaker 1: achieved coming from HBCU school. Oh Man, So more House 163 00:09:14,920 --> 00:09:17,400 Speaker 1: was only school I applied to. And I drove my 164 00:09:18,440 --> 00:09:21,960 Speaker 1: four Mustang seven and fourteen miles from Chicago to Atlanta 165 00:09:22,480 --> 00:09:27,360 Speaker 1: August the seven, and I applied to more House. I 166 00:09:27,400 --> 00:09:29,760 Speaker 1: was the first person to apply and he accepted me 167 00:09:29,800 --> 00:09:32,520 Speaker 1: on the spot because it was my only option. I 168 00:09:32,520 --> 00:09:35,679 Speaker 1: wanted to go to a school that specifically trained black 169 00:09:35,720 --> 00:09:38,080 Speaker 1: men to be leaders in their community, and there was 170 00:09:38,080 --> 00:09:39,840 Speaker 1: no one else who had that in their mission statement. 171 00:09:40,360 --> 00:09:44,720 Speaker 1: So I knew what I needed was some type of accelerator, 172 00:09:44,840 --> 00:09:47,400 Speaker 1: some type of incubator that can take me which is 173 00:09:47,480 --> 00:09:50,720 Speaker 1: just raw clay from the hood, that had potential, that 174 00:09:50,840 --> 00:09:53,080 Speaker 1: was smart, but was just straight up from the block. 175 00:09:53,400 --> 00:09:55,480 Speaker 1: And I needed to learn basic stuff like how to 176 00:09:55,520 --> 00:09:57,680 Speaker 1: put on a suit, how to tide tie, how to 177 00:09:57,720 --> 00:10:00,280 Speaker 1: eat at a dinner table, how to interview you, how 178 00:10:00,320 --> 00:10:03,400 Speaker 1: to pause between my first and last name, but the 179 00:10:03,640 --> 00:10:05,760 Speaker 1: things that you don't learn in the hood, right. So 180 00:10:06,400 --> 00:10:10,000 Speaker 1: more House helped me get trained in all of those areas, 181 00:10:10,480 --> 00:10:13,560 Speaker 1: get internships on Wall Street, develop into the man that 182 00:10:13,640 --> 00:10:16,640 Speaker 1: I am. So I'm very proud of coming out of 183 00:10:16,640 --> 00:10:18,959 Speaker 1: more House because these a spcus are the only schools 184 00:10:18,960 --> 00:10:21,280 Speaker 1: that are a safe place for us to be honest 185 00:10:21,320 --> 00:10:24,280 Speaker 1: with you. So um. And then the network that I 186 00:10:24,320 --> 00:10:27,000 Speaker 1: have with more House brothers all over the country who 187 00:10:27,000 --> 00:10:30,199 Speaker 1: are out doing amazing things has really helped accelerate my 188 00:10:30,280 --> 00:10:32,319 Speaker 1: career as well, the same way other people have that 189 00:10:32,400 --> 00:10:36,480 Speaker 1: Harvard network or more House network, which is really cool 190 00:10:36,559 --> 00:10:40,200 Speaker 1: to hear you say. And here's high profile. Now I 191 00:10:40,200 --> 00:10:42,720 Speaker 1: will admit you from Chicago. Now we all know you 192 00:10:42,800 --> 00:10:46,600 Speaker 1: came from the cold. I see. Yeah. I love the 193 00:10:46,640 --> 00:10:49,959 Speaker 1: fact you came south though you knew. Yeah. I won't 194 00:10:49,960 --> 00:10:53,839 Speaker 1: go to stop. I won't go stop in Indiana. I 195 00:10:53,960 --> 00:10:56,760 Speaker 1: want to go stop in Tennessee. I'm coming all the 196 00:10:56,760 --> 00:11:00,640 Speaker 1: way down till i find some heat. Yeah. Right, that's 197 00:11:00,800 --> 00:11:05,400 Speaker 1: right where my people are from, from Alabama and Mississippi. Absolutely, 198 00:11:06,880 --> 00:11:13,000 Speaker 1: absolutely working the factories. But son has returned. Absolutely. When 199 00:11:13,040 --> 00:11:15,000 Speaker 1: we come back, I'm gonna talk more in detail about 200 00:11:15,520 --> 00:11:19,000 Speaker 1: his his business. His business practices is the whole technology 201 00:11:19,080 --> 00:11:21,760 Speaker 1: part of his life. And he's an amazing guy. He said, 202 00:11:21,800 --> 00:11:25,080 Speaker 1: he's a friend that I'm an omega here new and 203 00:11:25,120 --> 00:11:29,000 Speaker 1: guess what we're friends, divine I on money making conversations, 204 00:11:29,040 --> 00:11:30,960 Speaker 1: my man, Mr Williams, and I will be right back. 205 00:11:31,360 --> 00:11:35,480 Speaker 1: Don't go nowhere. I just reshot McDonald. You're listening to 206 00:11:35,679 --> 00:11:39,599 Speaker 1: money making conversation on the phone. Uh Technology guru in 207 00:11:39,640 --> 00:11:45,199 Speaker 1: the investment world. Technology guru in the investment world. Uh 208 00:11:45,360 --> 00:11:49,880 Speaker 1: Rashaun Williams, straight out of Chicago, came down south because 209 00:11:49,880 --> 00:11:53,400 Speaker 1: he got relatives down here. Because the heat was down 210 00:11:53,480 --> 00:11:56,360 Speaker 1: here too. Because I spent five years in Chicago in 211 00:11:56,360 --> 00:12:00,600 Speaker 1: the winter, I'm case something ago make you understand cold? 212 00:12:02,080 --> 00:12:06,680 Speaker 1: Oh man, did you just give it one cold story 213 00:12:06,720 --> 00:12:09,440 Speaker 1: before we start talking about your career in Chicago? Come on, 214 00:12:09,760 --> 00:12:11,599 Speaker 1: Mr Williams. I know I'm calling you Mr Williams on 215 00:12:11,640 --> 00:12:15,480 Speaker 1: now because I know it's a good So I got 216 00:12:15,520 --> 00:12:17,040 Speaker 1: a million of them. The one that I remember the 217 00:12:17,040 --> 00:12:20,280 Speaker 1: most is I was like for sixth grade and it 218 00:12:20,400 --> 00:12:23,880 Speaker 1: was about a negative thirty degree wind chill, So that 219 00:12:23,960 --> 00:12:26,560 Speaker 1: means like if the wind touched any part of your skin, 220 00:12:26,640 --> 00:12:30,079 Speaker 1: you got frost bidden. And I remember my mother putting 221 00:12:30,120 --> 00:12:31,960 Speaker 1: on the vasoline on my face like I'm getting ready 222 00:12:32,000 --> 00:12:33,960 Speaker 1: to go fight Mike Tyson or something with the face 223 00:12:34,080 --> 00:12:37,360 Speaker 1: masks over it, with two three coats on boots, everything 224 00:12:37,360 --> 00:12:40,400 Speaker 1: like I'm going skin. And the schools still the schools 225 00:12:40,440 --> 00:12:43,440 Speaker 1: still didn't close, sir. The schools were still open in 226 00:12:43,559 --> 00:12:48,080 Speaker 1: Chicago with negative thirty degree windshiell and that winter, unfortunately, 227 00:12:48,520 --> 00:12:51,560 Speaker 1: I remember in the news a woman died because her 228 00:12:51,600 --> 00:12:55,839 Speaker 1: gasp at her her pipes froze while she was on 229 00:12:55,880 --> 00:12:59,319 Speaker 1: her knees praying. A woman died in Chicago because he 230 00:12:59,440 --> 00:13:02,400 Speaker 1: froze to that. So that's what I remember about Chicago. 231 00:13:02,520 --> 00:13:05,040 Speaker 1: So I couldn't wait to get out of there. Man, Chicago, 232 00:13:05,080 --> 00:13:08,760 Speaker 1: no joke, I remember too. I was producer Steve Harvey's show, 233 00:13:08,960 --> 00:13:12,280 Speaker 1: Steve Harvey Talk Show with Chicago, and I only had maybe, 234 00:13:12,360 --> 00:13:16,480 Speaker 1: like I said, quarter a mile walk and for one 235 00:13:16,559 --> 00:13:19,720 Speaker 1: day some day it was like about I'd say four degrees, 236 00:13:20,720 --> 00:13:31,280 Speaker 1: and somehow my right eye decided to water up. No, no, brother, 237 00:13:32,559 --> 00:13:35,520 Speaker 1: now that hark coming in, just just slap that right 238 00:13:35,559 --> 00:13:41,040 Speaker 1: eye and they decided left the little water. WHOA. I 239 00:13:41,040 --> 00:13:43,199 Speaker 1: couldn't get in that building fast enough and felt like 240 00:13:43,200 --> 00:13:45,640 Speaker 1: I looked glass shield over my eye. It was something like, 241 00:13:46,360 --> 00:13:48,640 Speaker 1: So I just want to share everybody with about gives 242 00:13:48,640 --> 00:13:50,560 Speaker 1: a Chicago person on the phone. I would like them 243 00:13:50,600 --> 00:13:53,520 Speaker 1: to share a cold story because people don't understand. They 244 00:13:53,559 --> 00:13:55,840 Speaker 1: start complaining by cold down here to south not not 245 00:13:55,960 --> 00:14:00,120 Speaker 1: not Chicago, and don't even go to the Minneapolis. They 246 00:14:00,200 --> 00:14:03,559 Speaker 1: got some Siberia over there. Let's talk about let's talk 247 00:14:03,559 --> 00:14:06,319 Speaker 1: about your money frames. You send me some courtions about 248 00:14:06,320 --> 00:14:09,000 Speaker 1: how our people can make money and tech investments. Let's 249 00:14:09,000 --> 00:14:10,719 Speaker 1: talk about this the first course. And I want to 250 00:14:10,720 --> 00:14:12,840 Speaker 1: start out with you there and tell us about your company. 251 00:14:14,760 --> 00:14:17,520 Speaker 1: So I'm a general partner at a venture capital firm 252 00:14:17,600 --> 00:14:21,960 Speaker 1: called Manhattan Vnture Partners, and we invest in late stage 253 00:14:22,080 --> 00:14:25,760 Speaker 1: tech companies. So late stage means they're already building dollar companies, 254 00:14:25,840 --> 00:14:29,280 Speaker 1: they're already daring hundreds of millions in revenue, and they're 255 00:14:29,320 --> 00:14:32,840 Speaker 1: pretty much household names. So it's been working out great 256 00:14:32,880 --> 00:14:41,680 Speaker 1: for us. You know, in seventeen investment companies like Spotify, DocuSign, list, Pinterests, Postmates, Airbnb, 257 00:14:42,560 --> 00:14:45,960 Speaker 1: so Fi, Rent the Runway, these names that people already 258 00:14:46,120 --> 00:14:50,280 Speaker 1: use and already big fans of stuff like draftings and 259 00:14:50,400 --> 00:14:55,240 Speaker 1: space sex. So what's happening is um Silicone Balley is 260 00:14:55,280 --> 00:14:59,640 Speaker 1: creating these companies and they're monetizing pop culture and monetizing 261 00:14:59,720 --> 00:15:02,640 Speaker 1: se eberty. They're monetizing all of the things we should 262 00:15:02,680 --> 00:15:05,920 Speaker 1: be physically now is software for it. But most of 263 00:15:05,960 --> 00:15:08,600 Speaker 1: us have been blocked out to having ownership in those 264 00:15:08,640 --> 00:15:11,760 Speaker 1: companies because we're either not accredited investors or we don't 265 00:15:11,760 --> 00:15:14,320 Speaker 1: know any vcs that we can invest with. So what 266 00:15:14,400 --> 00:15:16,720 Speaker 1: I've been doing is, in addition to working with my 267 00:15:16,760 --> 00:15:21,960 Speaker 1: billion dollar investors, I also open up access to our 268 00:15:22,000 --> 00:15:24,920 Speaker 1: athletes and entertainers or the people in our community who 269 00:15:24,960 --> 00:15:28,960 Speaker 1: are accredited investors and help them co invest with with 270 00:15:29,080 --> 00:15:32,360 Speaker 1: all little winners out here. Right. So, and there are 271 00:15:32,400 --> 00:15:34,880 Speaker 1: three main categories of tech. I think most people don't 272 00:15:34,960 --> 00:15:38,600 Speaker 1: don't know this, but the safest category is called late stage. 273 00:15:38,680 --> 00:15:43,440 Speaker 1: That's the billion dollar companies, right, name a name that 274 00:15:43,560 --> 00:15:46,360 Speaker 1: got got the spies and the documsigns and the draft 275 00:15:46,480 --> 00:15:48,920 Speaker 1: keys of the world that I mentioned before, right, So 276 00:15:48,920 --> 00:15:52,240 Speaker 1: they've already worked billions of dollars. They're private, they're going 277 00:15:52,360 --> 00:15:54,200 Speaker 1: public in the next one to three years. In fact, 278 00:15:54,240 --> 00:15:57,640 Speaker 1: Spotify and document sign are both already public, including lists. 279 00:15:58,120 --> 00:16:01,000 Speaker 1: But the next category under that is growth stage. So 280 00:16:01,080 --> 00:16:04,640 Speaker 1: think about the favorite company you have that is still private, 281 00:16:04,720 --> 00:16:07,040 Speaker 1: that's growing in this area, but maybe it's not known 282 00:16:07,120 --> 00:16:10,359 Speaker 1: nationally or globally. Right, So we have companies like that 283 00:16:10,360 --> 00:16:13,600 Speaker 1: that are worked between you know, twenty million and two 284 00:16:13,720 --> 00:16:16,680 Speaker 1: hundred million. That will be the next billion dollar company. 285 00:16:17,200 --> 00:16:19,600 Speaker 1: And that's it's a little risk here, but it's not 286 00:16:19,680 --> 00:16:22,360 Speaker 1: as risky as this third category, which is what we 287 00:16:22,480 --> 00:16:26,080 Speaker 1: call startups for early stage. So that's just someone's idea 288 00:16:26,560 --> 00:16:30,080 Speaker 1: on a PowerPoint presentation and they need money to get 289 00:16:30,120 --> 00:16:33,000 Speaker 1: it off. The ground that typically takes seven to ten years, 290 00:16:33,000 --> 00:16:35,120 Speaker 1: and only one out of ten, maybe one out of twenty, 291 00:16:35,200 --> 00:16:37,160 Speaker 1: make it, so it winds up being the risky is 292 00:16:37,640 --> 00:16:40,680 Speaker 1: part of investing in tech as opposed to late stage, 293 00:16:40,720 --> 00:16:43,480 Speaker 1: which is what we would consider the safest part of 294 00:16:43,560 --> 00:16:45,960 Speaker 1: investing in tech. So I try to educate people. I 295 00:16:46,040 --> 00:16:49,280 Speaker 1: do it on my Instagram and social media account, explaining 296 00:16:49,280 --> 00:16:53,040 Speaker 1: the differences, helping founders raised money, helping the investors make 297 00:16:53,040 --> 00:16:57,280 Speaker 1: good investments. Now in the process there, So you have 298 00:16:57,360 --> 00:16:59,560 Speaker 1: to get a track How did you build your track record? 299 00:17:01,080 --> 00:17:04,000 Speaker 1: You know, it's funny you say that because I have 300 00:17:04,160 --> 00:17:06,480 Speaker 1: to kind of go two different routes when it comes 301 00:17:06,520 --> 00:17:10,520 Speaker 1: to trust. So my institutional investors, the billion dollar investors, 302 00:17:10,520 --> 00:17:13,000 Speaker 1: they care mostly about what you just said, track record. 303 00:17:13,400 --> 00:17:18,080 Speaker 1: So I started on Wall Street helping billion dollars, you know, companies, 304 00:17:18,200 --> 00:17:19,800 Speaker 1: while I was at Goldmen, Sack to Why, Kobe and 305 00:17:19,800 --> 00:17:22,040 Speaker 1: Deutsche Bank. So over a course of a decade, we 306 00:17:22,119 --> 00:17:24,359 Speaker 1: built trust and I worked at the biggest firms out there. 307 00:17:24,920 --> 00:17:27,680 Speaker 1: Then once I left and I started investing my own 308 00:17:27,720 --> 00:17:32,399 Speaker 1: money and becoming a technology investor. Um I would I 309 00:17:32,400 --> 00:17:34,560 Speaker 1: would just give the answers away to other people and 310 00:17:34,600 --> 00:17:37,400 Speaker 1: let them invest with me. So I was never soliciting 311 00:17:37,640 --> 00:17:41,640 Speaker 1: people to invest or necessarily giving advice. I was saying, 312 00:17:41,640 --> 00:17:43,880 Speaker 1: here's what I'm investing in, and here's why, and I'm 313 00:17:43,880 --> 00:17:45,760 Speaker 1: willing to educate you if you want to do it 314 00:17:45,800 --> 00:17:48,679 Speaker 1: as well. And so we all started investing together and 315 00:17:48,760 --> 00:17:51,639 Speaker 1: making money together. And that's how I eventually launched my 316 00:17:51,720 --> 00:17:54,840 Speaker 1: first venture capital fund with hip hop artist nots and 317 00:17:54,880 --> 00:17:56,920 Speaker 1: we called the Queen's Bridge Venture Partners. That's how we 318 00:17:56,960 --> 00:18:00,960 Speaker 1: all got in business together. I remember that, m M. 319 00:18:01,920 --> 00:18:05,520 Speaker 1: And So, now as when you talk about athletes, you 320 00:18:05,560 --> 00:18:08,520 Speaker 1: talk about entertainment, Let's talk about the athletes, because entertainments 321 00:18:08,520 --> 00:18:11,959 Speaker 1: are that their income comes differently than athletes because athletes 322 00:18:12,320 --> 00:18:15,800 Speaker 1: it contends to be tied to contracts with a short period. 323 00:18:15,920 --> 00:18:18,240 Speaker 1: And guess what if they can't play that sport, they 324 00:18:18,280 --> 00:18:21,359 Speaker 1: really can't generate the income that they are personally are 325 00:18:21,400 --> 00:18:24,639 Speaker 1: currently getting or make getting the YouTube With entertainers, if 326 00:18:24,640 --> 00:18:26,159 Speaker 1: you're an artist, you can go on tool, you can 327 00:18:26,240 --> 00:18:29,720 Speaker 1: drop a label, you can performing a movie, you can 328 00:18:29,760 --> 00:18:31,800 Speaker 1: you you know, you can television series. There's a lot 329 00:18:31,840 --> 00:18:34,800 Speaker 1: of different content building ways. How do you approach those 330 00:18:34,840 --> 00:18:38,199 Speaker 1: different relationships? I just laid out the athlete who we 331 00:18:38,240 --> 00:18:41,159 Speaker 1: know can get a short term or an amazing amount 332 00:18:41,160 --> 00:18:43,960 Speaker 1: of money. Sometimes their money is guaranteed, sometimes it's up front, 333 00:18:44,320 --> 00:18:46,600 Speaker 1: but you know you wanted to be able to last 334 00:18:46,720 --> 00:18:51,560 Speaker 1: beyond that contract. Those are different conversations to have correct. Yeah, 335 00:18:51,600 --> 00:18:54,439 Speaker 1: oh my god. Yeah. So the way I approach it 336 00:18:54,520 --> 00:18:59,280 Speaker 1: is by explaining to athletes and entertainers how billionaires make money. 337 00:18:59,359 --> 00:19:02,240 Speaker 1: And it's very print then how athletes they entertainers make money. 338 00:19:02,520 --> 00:19:04,400 Speaker 1: The first thing I say is, if you weren't looking 339 00:19:04,400 --> 00:19:08,000 Speaker 1: at the tax returns of the top four hundred highest 340 00:19:08,000 --> 00:19:10,160 Speaker 1: paid people in this country, and these people are all 341 00:19:10,160 --> 00:19:13,439 Speaker 1: made over a hundred and twenty millions last year, the 342 00:19:13,560 --> 00:19:17,160 Speaker 1: vast majority of them, let's say more than sixt them, 343 00:19:17,359 --> 00:19:19,400 Speaker 1: made all of their money off of what we call 344 00:19:19,520 --> 00:19:23,360 Speaker 1: capital gains, where only you know, four percent of them 345 00:19:23,400 --> 00:19:26,000 Speaker 1: made it off of wages and salaries. Now, if you 346 00:19:26,080 --> 00:19:29,000 Speaker 1: look at the athletes and entertainers, the vast majority of 347 00:19:29,040 --> 00:19:32,680 Speaker 1: them make their money off of wages and salaries. So 348 00:19:32,720 --> 00:19:35,359 Speaker 1: I said, if you want to be billionaires and invest 349 00:19:35,640 --> 00:19:39,080 Speaker 1: like the billionaires, you have to have capital gains. How 350 00:19:39,080 --> 00:19:42,560 Speaker 1: do you get capital gains buying an asset low and 351 00:19:42,680 --> 00:19:46,800 Speaker 1: selling it high. So most of the billionaires aren't making 352 00:19:46,840 --> 00:19:50,040 Speaker 1: billions off of a job. They're making billions off of 353 00:19:50,040 --> 00:19:54,040 Speaker 1: their investment portfolio and the returns that they generate. So 354 00:19:54,080 --> 00:19:55,560 Speaker 1: I said, we have to start there. I'm not going 355 00:19:55,600 --> 00:19:58,000 Speaker 1: to give you advice on how to make your next 356 00:19:58,000 --> 00:20:00,359 Speaker 1: movie or or how to speak rows and get a 357 00:20:00,400 --> 00:20:02,919 Speaker 1: max contract. You're already good with that. But if you 358 00:20:02,920 --> 00:20:05,359 Speaker 1: want to take your twenty million to thirty million or 359 00:20:05,359 --> 00:20:07,639 Speaker 1: forty million, that I can help when it comes to 360 00:20:07,680 --> 00:20:10,240 Speaker 1: capital gains and investments. So that's what I do. I 361 00:20:10,240 --> 00:20:15,200 Speaker 1: normally just start explaining, educating them on what those opportunities are, 362 00:20:15,600 --> 00:20:18,639 Speaker 1: and then breaking down the risk and the return. Right, So, 363 00:20:18,680 --> 00:20:21,399 Speaker 1: if you were to do a franchise versus a technology 364 00:20:21,440 --> 00:20:25,640 Speaker 1: company versus the SMP five hundred versus bonds, what would 365 00:20:25,680 --> 00:20:28,159 Speaker 1: your potential returns look like? How do you find the 366 00:20:28,200 --> 00:20:31,120 Speaker 1: best opportunities? And here's the best part of the whole thing. 367 00:20:31,560 --> 00:20:37,000 Speaker 1: The best investment opportunities typically go to two groups. Number one, 368 00:20:37,240 --> 00:20:39,960 Speaker 1: the top twenty venture capital firms be Andres and Horrow 369 00:20:39,960 --> 00:20:42,920 Speaker 1: with Sekoia is kind of persons mento. These guys made 370 00:20:43,760 --> 00:20:45,560 Speaker 1: all the money in tips, but guests who the second 371 00:20:45,560 --> 00:20:49,160 Speaker 1: group is athletes and entertainers. They can get in any 372 00:20:49,400 --> 00:20:53,000 Speaker 1: investment opportunity they want just based on their celebrity, and 373 00:20:53,000 --> 00:20:55,760 Speaker 1: they don't even know about it. How do you help 374 00:20:55,800 --> 00:20:57,719 Speaker 1: them out? How do you get there? Because I know 375 00:20:57,920 --> 00:21:01,119 Speaker 1: you did? You have all your Instagram how uh that 376 00:21:01,280 --> 00:21:06,639 Speaker 1: you do? Uh financial literacy? Just yet talk about that. 377 00:21:06,720 --> 00:21:08,520 Speaker 1: We have two minutes left. I definitely want to get 378 00:21:08,520 --> 00:21:11,880 Speaker 1: that out because when you start talking about information, even 379 00:21:11,960 --> 00:21:14,439 Speaker 1: I am adept and it blows me away. So I 380 00:21:14,480 --> 00:21:17,080 Speaker 1: want to die people to find out hiking. I also 381 00:21:17,160 --> 00:21:19,360 Speaker 1: want to get some post for you, so like a periodical, 382 00:21:19,400 --> 00:21:21,880 Speaker 1: to put it up on my social media to let 383 00:21:21,880 --> 00:21:25,600 Speaker 1: people know that they can get information from you. Okay, 384 00:21:25,760 --> 00:21:27,800 Speaker 1: well look, I think the easiest way I get it 385 00:21:27,800 --> 00:21:30,800 Speaker 1: to them is by speaking to them in our language. 386 00:21:31,000 --> 00:21:33,600 Speaker 1: The biggest problem is when you have like a sixty 387 00:21:33,640 --> 00:21:36,880 Speaker 1: five year old white guy who only worked in finance, 388 00:21:36,920 --> 00:21:38,520 Speaker 1: trying to explain to a twenty three year old black 389 00:21:38,600 --> 00:21:41,080 Speaker 1: dude from the hood who makes million a year, what 390 00:21:41,240 --> 00:21:44,480 Speaker 1: even dies and what a kigger is. They don't understand that. 391 00:21:44,800 --> 00:21:46,560 Speaker 1: So if you speak to them in the language that 392 00:21:46,600 --> 00:21:49,600 Speaker 1: they understand. If you notice my Instagram post, I'm saying 393 00:21:49,640 --> 00:21:52,680 Speaker 1: stuff like what do NBA teams, record labels and venture 394 00:21:52,720 --> 00:21:55,200 Speaker 1: capital firms all have in common? How do you make 395 00:21:55,240 --> 00:21:58,840 Speaker 1: mailbox money? Right? Like, I'm talking to them in their language, 396 00:21:58,920 --> 00:22:02,000 Speaker 1: using real life examples, because even though I'm thirty nine, 397 00:22:02,000 --> 00:22:05,639 Speaker 1: I still prepared myself young and one of them so um. 398 00:22:05,680 --> 00:22:08,440 Speaker 1: And then the second thing is, I'm actually a practitioner. 399 00:22:08,520 --> 00:22:10,600 Speaker 1: I do this for a living. This is all I do, 400 00:22:11,200 --> 00:22:13,840 Speaker 1: except I'm also from the hood. I'm from the South 401 00:22:13,840 --> 00:22:15,960 Speaker 1: Side of Chicago, and I'm doing and I'm black. You know, 402 00:22:16,160 --> 00:22:19,000 Speaker 1: the things that helped me to relate to these guys 403 00:22:19,320 --> 00:22:21,600 Speaker 1: and speak to their language. And then I either to 404 00:22:21,640 --> 00:22:24,520 Speaker 1: take them on tours the Silicon Valley. I do conference halls. 405 00:22:24,920 --> 00:22:27,879 Speaker 1: I help them meet with their financial people, their managers. 406 00:22:28,200 --> 00:22:30,000 Speaker 1: So it's kind of the blocking and tackling on the 407 00:22:30,080 --> 00:22:32,639 Speaker 1: day to day basis. And and the best part of 408 00:22:32,680 --> 00:22:34,399 Speaker 1: what I do is I'm able to speak brothers like 409 00:22:34,480 --> 00:22:37,160 Speaker 1: you get from your platform and help you and your 410 00:22:37,200 --> 00:22:40,040 Speaker 1: listeners understand what we're doing over here. And then it 411 00:22:40,160 --> 00:22:43,439 Speaker 1: amplifies what I'm already doing through partnerships like yours. So 412 00:22:43,480 --> 00:22:45,520 Speaker 1: I'm very happy to be here and I appreciate you 413 00:22:45,560 --> 00:22:48,440 Speaker 1: guys invited. But first of all, I appreciate. First of all, 414 00:22:48,680 --> 00:22:51,439 Speaker 1: it cannot be done in one interview, okay, because the 415 00:22:51,440 --> 00:22:54,040 Speaker 1: information that you're delivering to me and delivering to people 416 00:22:54,080 --> 00:22:55,880 Speaker 1: on a daily basis, tell them how they can reach 417 00:22:55,880 --> 00:22:57,520 Speaker 1: out to you, how they can follow you, and all 418 00:22:57,520 --> 00:22:58,919 Speaker 1: that good stuff. Where we wrap out of here in 419 00:22:58,920 --> 00:23:04,920 Speaker 1: twenty seconds. Yeah, I'm on Instagram Rashawn underscore Williams. That's 420 00:23:05,080 --> 00:23:08,560 Speaker 1: unlike you're spelling minus r A S h A U 421 00:23:08,800 --> 00:23:12,720 Speaker 1: N underscore Williams. And I'm also Rashawn L. Williams dot 422 00:23:12,720 --> 00:23:14,880 Speaker 1: com and you can see all of the content, all 423 00:23:14,880 --> 00:23:17,600 Speaker 1: of the events and all of the financial literacy stuff 424 00:23:17,640 --> 00:23:20,160 Speaker 1: about tech. Alright, my brother, I appreciate you. We're gonna 425 00:23:20,160 --> 00:23:22,840 Speaker 1: talk soon, okay, and send me that the posters