Latest / Success Story with Scott Clary / Lessons - Inside the Billionaire Mind | Timothy Daniels - TIGER 21 CEO

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Lessons - Inside the Billionaire Mind | Timothy Daniels - TIGER 21 CEO · Success Story with Scott Clary

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  In this lessons episode, explore what comes after success, and why achievement alone is rarely
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  enough. Discover how intentional community design creates lasting value among accomplished peers,
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  understand how diverse perspectives strengthen decision-making and collective intelligence,
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  and uncover how aligning personal goals with shared learning drives long-term impact in business and
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  life. It's actually funny because I see a lot of people talk about every I've had an
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  exit myself and every person that I follow, they're all entrepreneurs that have achieved
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  some incredible level of success. Those are the people that I look up to and try and learn from,
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  but it's always people trying to figure out what's next because the second you have this
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  conversation is unfortunate because you have the conversation about having success in life,
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  and a lot of people will immediately be like, well, that's a rich person problem. But I don't think
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  people understand the fact that people that do have success don't want to just be seen as a person
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  who had success once, and they never want to make an impact ever again. And this is not part of
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  this conversation, but I don't love the hate on Elon, for example, when he's achieved so much
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  success and we talk about all the BS with the taxes, even though he's paid more taxes than a human
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  and human history, when realistically, he's quite literally advancing human civilization as we know
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  it. And I think that obviously Tiger 21 members are not at even at the level of Elon, but the point is,
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  when you do have incredible event, no one is. You want to have a playbook for giving back, but
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  I want to back it up a little bit. I want to also understand how you built this. I want to
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  understand because I think there's a lot of community building exclusivity, uh, uh,
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  architecting that you've built into Tiger 21, which is very effective. And that could be a lesson
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  for even if you're not trying to build a community of like these ultra high net worth individuals.
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  The way that you've built out the community and the value offer and the way that you structured it
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  and the way that you attract new members, I think is is a very tactical playbook that somebody could
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  use for building out other communities because you've done it very well. So I want to understand the
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  actual, the business strategy behind Tiger 21. You know, I'm going to sort of create a framework
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  that hopefully will allow me to answer that question as best I can, Scott, which is kind of
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  heart and heart and mind. And it's sort of perhaps a blinding glimpse, the obvious or tried
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  or what have you, but it's also true. And I want to come back to it, but I also just want to make
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  clear, um, you know, um, I'm actually the, the steward of what I think is a great institution.
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  This institution was created by its founder, Michael, Son and Feld. Um, it has now been around,
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  we're entering amazingly, our 23rd year. And so this is something that has been, um, while
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  all the core elements are still there, we're really just building on top of it to make
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  the member experience even greater based upon what members tell us might enhance their experience.
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  But so, um, I'll, I will, uh, just to be clear about this, you know, sort of, I'm, I'm,
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  I'm standing on the shoulders of some very impressive people, not the least, which are founder.
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  We ought to not do, not to diminish what they've done, but I do know that now you've picked up
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  the torch and you're running with it. And you still know the strategy they use. So even if it's
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  coming from them, you're the, you're the person that's deploying, you're executing it now. So, so,
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  yes, I understand. I just want to give credit for Chris. I'll give my own credit when it's
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  yet, but anyway, but, you know, so, so it is, um, I think the hard and mind part of this,
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  first of all, take basic elements of peer networking. It is how do we actually bring together, um,
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  people in, in Tiger 21's case, intentionally built on the foundation of collective intelligence,
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  which means we strive for diversity at every turn. We'll never be done. Um, we'll never achieve
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  our diversity objectives, um, because you can never optimize diversity ultimately against all
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  dimensions. And so, but it's when you consider on the table with people who've had different experiences,
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  who have different interests, who come from different backgrounds, um, that's where the richness
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  really comes in. And so, and by the way, that's most peer networks are built on that basis,
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  but from Tiger 21, I will say, from day one, we sought to build that out. And thankfully,
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  I think we're continuing to make some very good strides along those lines, um, because that
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  diversity, again, those people represent your board of advisors. And if you had, you know, if,
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  if a board, a public company board is not structured with, uh, you know, eight people who all are from
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  your accounting firm or from accounting firms or from legal firms or just from the, or product,
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  or marketing people, they bring you a diversity for the very reason that you need these different
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  lenses to look at optimizing an opportunity. And as a member, it's your, your, your, your life,
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  your future, your, that's your entity that your board is now helping to advise you on. And so,
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  you want people who are different sitting around the table. Um, but the hard and mine part is,
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  you know, I often ask members in these welcome calls that I referenced. Did you come here for,
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  think about a continuum? You've got a, you've got on one end of the continuum utility aspects.
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  So I want to improve the performance of my portfolio. Your friend, I want to make sure I don't lose
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  the 200, the hundreds of dollars, you said hundreds, it's probably worth the 200, but started 200.
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  A little bit more, but it was a good exit. But yes,
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  that I created. How do I avoid losing this? How do I make sure that my philanthropic impact
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  investments are having the greatest impact that my estate plan is established properly,
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  et cetera, et cetera. So there's these utility items that it's sort of like check the bots on,
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  right? I want to, I want to see a unique proprietary deal flow, which absolutely is a key benefit
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  at Tiger 21. But on the other end of that continuum, Scott is sort of the experiential aspects.
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  I've had my head down. I haven't developed other relationships. Um, and just as you said,
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  you know, last week I had 2000 people who laughed at my jokes. Now it's, it's my paid assistance
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  who really could care less about me if you're about my jokes. And, you know, he's actually to sort of,
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  he'll chuckle at the accessory, but in any event, you know, it is very much of that, right?
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  And so, um, it, you know, how do we actually create the structure, the experiential element? How
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  do I create new relationships? How do I actually have new experiences? How do I diversify
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  sort of my own portfolio, if I will? And I'm talking about my investment portfolio. I'm talking
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  about my life portfolio. And so where on that continuum, you know, might you emerge? And what I
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  would say is some numbers will say I air, I air on one side or the other, but ultimately they all
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  end up benefiting from the entire plate, the entire opportunity set that exists for them at Tiger 21.
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  So we create the conditions through our group meeting. As I think you probably know, we have
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  paid facilitators that we call chairs, chairpeople, who lead the group, who curate the group,
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  who really are there to make sure that each individual member and the group as a whole are
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  optimized in terms of their experience, but then we augment it with other areas that look across
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  the entirety of the network, not just in their 15-member group, but across the entirety of the
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  network to be able to tease out opportunities to be able to enhance and customize each member's
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  experiences, you will. And so that's the fundamentals of networking. Forgive me, I'm kind of
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  prattling on your bits, but no, no, no, no, no, no, keep going, it's good, it's good, go ahead.
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  It is, you know, the more nodes that you have out there and the more that there's differentiation
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  of the nodes, then you can create them so that they can reinforce one another, that's where the
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  power of the network really starts to emerge. And so the most power is going to exist in that
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  15-member group that you have, but what we're also doing is bringing the power of the entirety
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  of the network to you. So anyway, that's kind of the foundation on which it was built and also
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  gives you some senses to where we're going. And when you bring these individuals together,
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  one of the things I thought was very interesting is that you deliver education and human development,
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  but at this level, it's far beyond what a regular mastermind, for example, would deliver. And also,
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  you have some of the smartest individuals in the world that will probably critique and analyze
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  and pick apart every single thing that you say or do or try and teach them. This is not like an
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  easy crowd, right? These are not, these are not people that are going to, that are going to be easily
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  convinced of this, that or the other if they don't believe in it, like, wholeheartedly. So,
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  when you have all these personalities, how do you build the curriculum out? Because I want again,
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  take the, take the lessons that you, that you teach over and the things that you help these people
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  with at this age in their life. And then if we can figure out how you do it at this level,
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  then how you build a meaningful curriculum that actually helps people that you can get on board to
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  buy into can be distilled into any level of community or group that anybody's trying to build.
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  Well, this is, and again, it goes beyond curriculum to include experience and other elements.
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  What we treat, really try to understand, and we support the chair in this regards,
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  Scott, is to understand what individually are people trying to achieve. And that is the question
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  that I have in my welcome call with every member. What are you trying to get out of this?
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  And the other part is, what is the group trying to achieve? You know, as a sort of collective,
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  if you will, what would success look like? And so, you know, when you, and this now goes back to
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  my sort of educational background, and if done properly, you start with the end point,
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  right? What's the objective? And then you back up from that. And so when we think about content,
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  we sort of go to the group, and if the group doesn't need to be, you know, instructed on health
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  and wellness, or if they don't need to be instructed on investing in industrial real estate,
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  we're not going to include that as part of the curriculum, but we're going to sort of bring it to
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  bear based upon what they really are looking for. And this again is where we work in, you know,
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  hand in glove with our chairs to be able to make sure not only do they have the tools necessarily,
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  necessary, but that they have access to the resources to be able to get the members what they
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  need. But I would also say many of the learnings and you are alluding to this come from the members
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  themselves. One of the key criteria as we evaluate members, and if they're a good fit for Tiger 21,
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  because not everybody is, is do they not only have the ability, but do they have the desire to both
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  teach and learn? And so, you know, we can look around that table, and you're going to have, just
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  as you said, you're going to have experts in a number of different fields, and are they willing
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  to sort of share their insights? It's not that they have to get up and be the instructor, they don't,
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  but they have to be willing to sort of share their insights from the areas in which they have expertise.
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  Additionally, they have to be receptive to others who are willing to share their insights in areas
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  where the members want to enhance their portfolio, if you will. And again, not investment portfolio,
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  life portfolio could be investment portfolio also. Thanks for tuning in. If you found this valuable,
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  don't forget to hit that subscribe button so you never miss an episode. And if you want to dive
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  deeper into this conversation, check out the links in the description to watch the full episode. See
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  you in the next one.