Latest / Earn Your Leisure / Earn Your Leisure Lecture at Wharton ft Andre Iguodala & Evan Turner The Secrets to Success
Transcript
- 0:00Speaker 1: Africa is one of the few, it's a continent broken up,
- 0:03Speaker 1: but it's really, we look at it as a country,
- 0:05Speaker 1: us as African Americans. Like I think of Africa, I
- 0:08Speaker 1: don't think of it as countries. I think of it
- 0:09Speaker 1: as a bunch of states, but it should be a country.
- 0:12Speaker 1: We're going to talk about group economics. Imagine if Africa
- 0:14Speaker 1: had one currency. But just understanding that, you know, the
- 0:17Speaker 1: complexities of Africa, even Nigeria, 270 million people, the oil
- 0:22Speaker 1: comes from there. You know, I had a great understanding
- 0:24Speaker 1: of Nigeria when I went. 2019, the oil that comes
- 0:28Speaker 1: from Africa, but they have no refineries. They export their
- 0:32Speaker 1: oil and then they buy back gas because they don't
- 0:35Speaker 1: have refineries. They can build the infrastructure with their wealth.
- 0:38Speaker 1: That let me know everything I needed to know in
- 0:40Speaker 1: terms of, oh, I know exactly what's going on.
- 0:45Speaker 2: Oh, there we go.
- 0:46Speaker 3: Yep, yep.
- 0:46Speaker 2: Yes, yes, yes. You guys chose the music?
- 0:53Speaker 4: So first and foremost, we want to thank warden for
- 0:56Speaker 4: having us this is uh something that we definitely don't
- 0:59Speaker 4: take lightly you know it's been a tremendous journey for
- 1:01Speaker 4: us and this is another milestone that we get to
- 1:04Speaker 4: you know check off the bucket list so this is
- 1:06Speaker 4: going to be fun and to do with these guys
- 1:08Speaker 4: we've been talking for the last hour so this is
- 1:10Speaker 4: going to be a definitely fun conversation for sure um
- 1:13Speaker 4: but before we want to start just wanted to say
- 1:15Speaker 4: thank you really appreciate it all right um so let's
- 1:19Speaker 4: let's get into it you guys want to say anything
- 1:21Speaker 4: before we start.
- 1:22Speaker 3: I mean i'm just in the presence of greatness so Yes. No, no.
- 1:29Speaker 3: Thank you all.
- 1:30Speaker 2: That's all.
- 1:30Speaker 1: Just thank you all for allowing us to be here.
- 1:32Speaker 1: We want to have a great conversation. Hopefully you take
- 1:35Speaker 1: something from this. But most importantly, I know we say
- 1:38Speaker 1: this a lot and it sounds cliche. Let's all connect.
- 1:43Speaker 3: Let's find a way for us to build.
- 1:45Speaker 1: You know, I have a lot going on and there
- 1:48Speaker 1: will always be recorded.
- 1:53Speaker 5: I'm not sure if you noticed.
- 1:54Speaker 3: There are some job openings.
- 1:56Speaker 1: That's all I'm trying to say. Without saying, I'm going
- 1:58Speaker 1: to fire people.
- 2:01Speaker 5: Clapping up for job openings. It's like Oprah. You got
- 2:05Speaker 5: a job. Shout out to the cadets. They got a job.
- 2:10Speaker 5: For sure.
- 2:14Speaker 2: There's a lot of cadets in here. I didn't know
- 2:16Speaker 2: where I was at. Getting ready for war. Hopefully not.
- 2:25Speaker 5: Perhaps not.
- 2:26Speaker 6: Maybe.
- 2:29Speaker 2: So let's get into it.
- 2:30Speaker 4: I know we're going to, you know, ask each other questions,
- 2:33Speaker 4: but I want to ask you guys a question. How
- 2:36Speaker 4: did this partnership come together? You guys obviously, you know,
- 2:39Speaker 4: played in the league and that's a brotherhood. But now
- 2:43Speaker 4: you have a different brotherhood in business and in, you know,
- 2:46Speaker 4: new age media communication.
- 2:48Speaker 2: So how did this partnership come together with you guys?
- 2:52Speaker 1: Well, I mean, he's he's a great storyteller in terms
- 2:55Speaker 1: of like how we actually met. And so I'll do
- 2:59Speaker 1: Tarantino style and I'll go later and then he'll go
- 3:02Speaker 1: back in time. But essentially, you know, with the media part,
- 3:06Speaker 1: you know, we we have such similar, you know, viewpoints
- 3:13Speaker 1: of the world and the things we see. But I
- 3:15Speaker 1: think we speak to it differently. I mean, I think
- 3:17Speaker 1: it's it's communicated to the masses differently.
- 3:22Speaker 3: I have.
- 3:25Speaker 1: The folks that I can speak to and then he
- 3:27Speaker 1: has the folks that he can speak to and we
- 3:29Speaker 1: feel like we can cover a lot of ground. But
- 3:33Speaker 1: what we were seeing is just only your own IP
- 3:36Speaker 1: and understanding the power behind it. Growing up, I think
- 3:41Speaker 1: all we had was Bob Johnson and BET. And there's
- 3:46Speaker 1: been a lot of conversation behind that in terms of
- 3:51Speaker 1: You know, Jay-Z's doing it now. You know, we're building
- 3:53Speaker 1: up our own properties. You know, we're talking about Rihanna
- 3:57Speaker 1: and Fenty outside. We're talking about a lot of NBA
- 4:00Speaker 1: athletes with underwear lines. We're talking about the Skims deal
- 4:04Speaker 1: with the NBA. And I've had a lot of conversation.
- 4:07Speaker 1: We can talk about this later in terms of what
- 4:10Speaker 1: do we do with those properties once we build them
- 4:12Speaker 1: up because there's a lot of– the feedback can be
- 4:17Speaker 1: negative sometimes if we sell it. But then I also heard, well,
- 4:21Speaker 1: isn't that the purpose to IPO? And I think you've
- 4:25Speaker 1: done an incredible job of enlightening your listeners, which is
- 4:30Speaker 1: our community in terms of participating in public companies. And so, yes,
- 4:36Speaker 1: we should go out and reap the fruits of our
- 4:38Speaker 1: labor in terms of what we're building. But when we
- 4:41Speaker 1: do go public, like our people can participate and that's
- 4:44Speaker 1: how you sell it. You know, and so there's not
- 4:46Speaker 1: that negative connotation from behind it coming from that. And
- 4:50Speaker 1: so with us, too, we have conversations like this all
- 4:52Speaker 1: the time. And that's why we chose to go out.
- 4:55Speaker 1: And as you know, I have a deal with ESPN
- 4:58Speaker 1: and ETS had deals that he's done in the media space.
- 5:02Speaker 1: And so we can use those platforms to leverage, to
- 5:05Speaker 1: raise our profile. But then we have our own property
- 5:09Speaker 1: that we can go out and we can try to
- 5:11Speaker 1: scale and go deeper into our conversations and to our
- 5:15Speaker 1: listeners and kind of give them some insights on our
- 5:18Speaker 1: minds and how we got to where we are having success,
- 5:22Speaker 1: not just on the court, but off the court.
- 5:25Speaker 6: And just to go further into that, you know, myself
- 5:27Speaker 6: and Jerry, we met like back in 09. So he
- 5:30Speaker 6: was in a league. I was getting ready to go
- 5:33Speaker 6: into my last year of college and join a league.
- 5:35Speaker 6: So when I walked into the gym in Chicago, we
- 5:39Speaker 6: were able to, you know, join, make a friendship. A
- 5:41Speaker 6: year later, I get drafted to the Sixers. I was
- 5:44Speaker 6: his rookie. And, you know, he was, A vet to me.
- 5:48Speaker 6: So we kind of had our ups and downs.
- 5:49Speaker 3: Thank you for being nice.
- 5:52Speaker 5: Very kind.
- 5:52Speaker 6: As a vet rookie. And, you know, our first five
- 5:55Speaker 6: or six months was kind of rocky. But eventually we
- 5:57Speaker 6: realized we were kind of the same individual, the same mindset.
- 6:01Speaker 6: And I think that's where the friendship grew. So once
- 6:03Speaker 6: he left Philly and we went through our career, we
- 6:06Speaker 6: stayed connected and stayed locked. And over time I got
- 6:08Speaker 6: offers for different media outlets and different shows. But I
- 6:12Speaker 6: really just took my time to really try to formulate
- 6:15Speaker 6: it and make it the most organic. And I think
- 6:18Speaker 6: the number one thing is trying to find people who
- 6:20Speaker 6: you relate to and, most importantly, who support you. And
- 6:23Speaker 6: that's how Point 4 started. And, you know, just for myself,
- 6:27Speaker 6: after being in Philly, such a tough media market, one
- 6:30Speaker 6: thing that I really put priority on is getting my
- 6:34Speaker 6: own story out there and telling my own narrative and,
- 6:37Speaker 6: you know, telling the narrative from the athlete that someone
- 6:39Speaker 6: gets mixed up. Some of the best people I ever
- 6:41Speaker 6: met were in the NBA, and some of the smartest
- 6:43Speaker 6: people I ever met were in the NBA. And to
- 6:46Speaker 6: reach that feat, it's no small task. And I think
- 6:49Speaker 6: to tell that story from, you know, a super accomplished
- 6:56Speaker 6: individual like Dre or, you know, seeing things like myself really,
- 7:00Speaker 6: you know, open up the market and spread the narrative
- 7:02Speaker 6: for what athletes can be. And, you know, three years
- 7:05Speaker 6: ago when we started, it was a small conversation to
- 7:08Speaker 6: the point now we're meeting with billionaires and some of
- 7:11Speaker 6: the top people and, you know, breaking award and talking to,
- 7:14Speaker 6: you know, the future minds. So, it's been a cool
- 7:17Speaker 6: thing and it's been fun.
- 7:19Speaker 5: That's pretty dope.
- 7:20Speaker 7: I've always wanted this because where you land in the
- 7:23Speaker 7: league is important. Obviously you got to start in Philly,
- 7:26Speaker 7: but branding is something that has shifted a little bit, right?
- 7:29Speaker 7: When you came in the league out of Arizona, you
- 7:31Speaker 7: out of Ohio state, there wasn't a focus on making
- 7:34Speaker 7: the individual, the person like the star, right? Like we
- 7:37Speaker 7: had a few stars and brands got behind it, but
- 7:39Speaker 7: everybody didn't have their own individual situation.
- 7:41Speaker 5: So, I wonder where did that shift for you guys, right?
- 7:45Speaker 7: Was it the move to go to state where now
- 7:48Speaker 7: you're in an area, Silicon Valley in particular, where the
- 7:51Speaker 7: conversation outside of basketball is happening and you're privy to
- 7:56Speaker 7: it and now starting to take that information and applying it?
- 7:58Speaker 7: And did that relationship with him continue? Right now you're
- 8:01Speaker 7: learning things, but you're not on the same team. Hey,
- 8:04Speaker 7: let me put you up on some game.
- 8:06Speaker 5: No, for sure.
- 8:06Speaker 1: It's interesting now, they think they're too young. putting their
- 8:12Speaker 1: brands together. I think you need to show your excellence
- 8:17Speaker 1: on the court first. And that's where you really establish yourself.
- 8:22Speaker 1: I think it's the inverse effect has happened where you
- 8:25Speaker 1: got a kid with a brand. And I'm like, well, wait,
- 8:28Speaker 1: why do you have a brand? Oh, you play basketball.
- 8:32Speaker 1: As opposed to he's one of the best at what
- 8:35Speaker 1: he does. And I think as technology's gotten better, And
- 8:40Speaker 1: with making sports more valuable is you can get closer
- 8:43Speaker 1: to the athlete than ever. And that actual individual athlete
- 8:47Speaker 1: is B2C where I can actually touch my fans. Like
- 8:53Speaker 1: I can get close to them like they can see me.
- 8:55Speaker 1: And before it was only your superstars. We call them
- 8:57Speaker 1: your signature guys who had their own shoes. Well, now
- 9:00Speaker 1: we were just talking about a guy in the back
- 9:02Speaker 1: who was at the all white party, but he's making
- 9:05Speaker 1: his presence felt and people identify him. although he may
- 9:09Speaker 1: not be a household name. And so even if you're
- 9:14Speaker 1: the ninth man on the team, you still can have
- 9:17Speaker 1: a brand. But you can make yourself the best ninth
- 9:20Speaker 1: man in the NBA. Like, make your presence on the
- 9:24Speaker 1: court first. And I think that's where it's changed as
- 9:27Speaker 1: time has gone on. And I was fortunate enough to
- 9:32Speaker 1: have the same agent as Kobe Bryant, so I was
- 9:34Speaker 1: able to see how Kobe was moving And so that's
- 9:36Speaker 1: what led me to understand, like, all right, I got
- 9:38Speaker 1: to do it on the court first, do it on
- 9:39Speaker 1: the court first. But now these kids are getting smarter.
- 9:42Speaker 1: It's just they have to make sure they take care of,
- 9:44Speaker 1: you know, what they have going on on the court.
- 9:46Speaker 1: And going to debate was amazing. But my business partner, Rudy,
- 9:51Speaker 1: who's in here right now, we were talking about Silicon
- 9:55Speaker 1: Valley years before I got there.
- 9:58Speaker 3: Just didn't know that I would be. there.
- 10:00Speaker 1: But when the opportunity came, that was a part of
- 10:02Speaker 1: the strategy. When I got into free agency, the Warriors
- 10:06Speaker 1: didn't have cap space. And I actually had a meeting
- 10:09Speaker 1: with them. And I'll never forget. I had a meeting
- 10:13Speaker 1: with New Orleans. Sacramento offered me an amazing deal. it
- 10:19Speaker 1: was damn near double the deal I took. Like it
- 10:21Speaker 1: was a lot, but I had to sign it within
- 10:26Speaker 1: like five minutes. And he was like, the owner was like, Andre,
- 10:31Speaker 1: you're the future. You're, you're, you're Kings 2.0.
- 10:34Speaker 3: Incredible. And I still have a great relationship with him
- 10:37Speaker 3: because the.
- 10:38Speaker 1: Vision that I took to the Warriors, he actually wanted
- 10:40Speaker 1: me to bring that vision to the Kings. He actually
- 10:42Speaker 1: saw it. And, and I've never spoken that. And he
- 10:45Speaker 1: deserves a lot of credit. He saw that like, listen,
- 10:47Speaker 1: you're the blueprint. for what the NBA player should be
- 10:51Speaker 1: in terms of your business. Cause he came from the warriors.
- 10:53Speaker 1: So he saw it, but he didn't know I had
- 10:55Speaker 1: a meeting with the warriors because the warriors had no
- 10:57Speaker 1: cap space, but I actually set up a meeting with
- 10:59Speaker 1: the warriors. They were like the fourth team I met
- 11:01Speaker 1: with that day. And it was Mark Jackson. It was
- 11:04Speaker 1: Joe Lake up and they had two execs in there.
- 11:08Speaker 1: And they said, Andre, we appreciate you inviting us in,
- 11:12Speaker 1: you know, just kind of know why you wanted us
- 11:14Speaker 1: to come in knowing that we don't have cap space.
- 11:16Speaker 1: And then I just broke down why I wanted to
- 11:17Speaker 1: play for them. Like, Hey, Like, I see it in
- 11:20Speaker 1: Steph Curry. We just lost to them. Steph wasn't Steph,
- 11:23Speaker 1: but I see it. And you got this kid I
- 11:25Speaker 1: had to guard named Clay Thompson. I never heard of
- 11:27Speaker 1: this kid, but this kid can shoot it like none other.
- 11:32Speaker 1: I didn't tell them that I had been following Silicon Valley,
- 11:35Speaker 1: but I said there's some business things that I'm trying
- 11:36Speaker 1: to figure out.
- 11:38Speaker 3: It was in the back of my mind.
- 11:39Speaker 1: And they were like, well, we appreciate it, and we
- 11:42Speaker 1: appreciate how you feel about our organization, but there's nothing
- 11:44Speaker 1: we can do. But my agent and their GM, who
- 11:48Speaker 1: was there, Bob Myers, they used to work together at
- 11:51Speaker 1: the same agency. Dwight Howard was stalling one weekend. I
- 11:57Speaker 1: was going to sign with the Dallas Mavericks on like
- 11:59Speaker 1: a Friday. And Mark Cuban is called and said, would
- 12:01Speaker 1: Dwight Howard push back his decision to Monday? So you
- 12:05Speaker 1: got to wait. My agent and the Warriors GM figured
- 12:10Speaker 1: out like a trade. situation like Richard Jefferson will go
- 12:13Speaker 1: here two other players go here opens up cap space
- 12:17Speaker 1: we can get it done and then sometimes it's like
- 12:19Speaker 1: you know why do you believe in our power like
- 12:21Speaker 1: some things just work out for the reasons they're supposed
- 12:23Speaker 1: to work out and boom it worked out crazy and
- 12:27Speaker 1: then you know the rest is history.
- 12:30Speaker 4: No you never know you never know lead with intent
- 12:34Speaker 4: so I want to fast forward it a little bit
- 12:36Speaker 4: and Dre I know obviously we'll talk about your role
- 12:39Speaker 4: with the NBA but NBA PA But I'm interested to
- 12:42Speaker 4: know your idea and what the vision is for NBA
- 12:46Speaker 4: basketball on the continent of Africa.
- 12:49Speaker 1: Yeah, well, some interesting developments have happened there recently. I
- 12:53Speaker 1: know the head of NBA Africa just stepped down. And so,
- 12:58Speaker 1: you know, Africa is one of those. I have to
- 13:01Speaker 1: speak different now with the role I have.
- 13:06Speaker 3: E.T.
- 13:07Speaker 1: Has Evan has, you know, allowed me the ability to
- 13:11Speaker 1: really express myself and he hates it when I'm, I'm PC. Um,
- 13:15Speaker 1: but I think he's, he's starting to understand, you know,
- 13:19Speaker 1: the power of the voice, you know, um, and that's
- 13:22Speaker 1: why I love him next to me cause he can
- 13:24Speaker 1: just speak. Um, but Africa historically, not like the last 10,
- 13:31Speaker 1: 20 years, I'm talking about the history of humanity, um,
- 13:35Speaker 1: in terms of, They have, what, 70, 80% of the
- 13:39Speaker 1: world's resources? And then how it's been taken advantage of,
- 13:43Speaker 1: the human capital, how that's been taken advantage of. You know,
- 13:46Speaker 1: I was just listening to a speech not too long ago,
- 13:48Speaker 1: like how old is Nigeria in terms of the actual nation?
- 13:51Speaker 3: In the 60s?
- 13:53Speaker 2: Yeah, I think it's like 70s now.
- 13:55Speaker 5: 70s, right.
- 13:56Speaker 2: Still a relatively young country, yeah.
- 13:59Speaker 5: Very, very, very young. Niger boy.
- 14:03Speaker 3: Yeah, yeah, yeah.
- 14:06Speaker 5: The Naja boys are here.
- 14:07Speaker 3: Yes.
- 14:09Speaker 5: Chop off rice for lunch.
- 14:12Speaker 1: And yes, my father is Nigerian, Benin City, adult. And
- 14:19Speaker 1: Africa is one of the few, it's a continent broken up,
- 14:26Speaker 1: but it's really, we look at it as a country,
- 14:29Speaker 1: us as African Americans. Like I think of Africa, I
- 14:31Speaker 1: don't think of it as countries. I think of it
- 14:33Speaker 1: as a bunch of states, but it should be a country. And,
- 14:36Speaker 1: you know, we're going to talk about group economics. Imagine
- 14:39Speaker 1: if Africa had one currency. But now I can get
- 14:45Speaker 1: in trouble if I say that. But just understanding that,
- 14:49Speaker 1: you know, the complexities of Africa, even Nigeria, 270 million people,
- 14:55Speaker 1: the oil comes from there. You know, I had a
- 14:57Speaker 1: great understanding of Nigeria when I went 2019 and the
- 15:04Speaker 1: oil that comes from Africa.
- 15:06Speaker 3: But they have no refineries. And so they, they export
- 15:11Speaker 3: their oil and then they.
- 15:12Speaker 1: Buy back gas because they don't have refineries, but they
- 15:17Speaker 1: can build the infrastructure with their wealth. But that led me,
- 15:20Speaker 1: that led me know everything I needed to know in
- 15:23Speaker 1: terms of, Oh, I know exactly what's going on. And
- 15:26Speaker 1: so with NBA Africa, we're seeing a lot of talent
- 15:30Speaker 1: come from Africa, you know, Pascal Siakam, Giannis is Nigerian,
- 15:36Speaker 1: Joel and B, you know, we got MVPs now.
- 15:39Speaker 3: And the interesting thing is.
- 15:43Speaker 1: They probably, maybe I get mad at me, but there's
- 15:45Speaker 1: NBA Africa, there's NBA China, right? But the players, we
- 15:52Speaker 1: only participate in the revenue from NBA America. And so there's,
- 16:00Speaker 1: there's some things that need to be worked on from
- 16:03Speaker 1: that perspective. but that's something that's like near and dear
- 16:07Speaker 1: to me. So my eyes are constantly on it. I
- 16:09Speaker 1: sat on the board of a publicly traded company, um,
- 16:11Speaker 1: that was based in, uh, Africa. And we had talks
- 16:17Speaker 1: in terms of like sponsoring the, uh, NBA Africa team.
- 16:21Speaker 1: And so my, and then a lot of players are involved. Um,
- 16:24Speaker 1: Lou Aldane, close friend of mine, uh, not close enough,
- 16:28Speaker 1: but I look up to him in terms of like
- 16:30Speaker 1: what he's been able to build a portfolio has been
- 16:31Speaker 1: able to build, um, what he's done with, uh, What
- 16:35Speaker 1: team did he have?
- 16:35Speaker 3: They made the Olympics. Sudan. Sudan.
- 16:39Speaker 2: I think it's South Sudan.
- 16:40Speaker 3: Yeah.
- 16:41Speaker 5: Royal Ivy.
- 16:42Speaker 1: We had Royal Ivy, who was my teammate here. He
- 16:44Speaker 1: was the head coach. He's doing some amazing things. Basketball
- 16:51Speaker 1: without borders. We have a lot of players that participated
- 16:55Speaker 1: in that as kids in the NBA. And so we're seeing,
- 16:58Speaker 1: you know, we talk about building pipelines, right? We're talking
- 17:00Speaker 1: about giving out jobs. and you know, just controlling or
- 17:04Speaker 1: not controlling, but raising your talent. And so it's, it's,
- 17:07Speaker 1: it's on my, it's on my radar. Um, and we've
- 17:10Speaker 1: been having a lot of conversations in terms of like,
- 17:12Speaker 1: how do you own a part of the business that you, you,
- 17:16Speaker 1: you know, you're, you, you are the reason why the
- 17:19Speaker 1: business exists and athletes have never been able to participate in,
- 17:23Speaker 1: you know, uh, the value increase of NBA teams. You
- 17:27Speaker 1: talk about, uh, ghost or phantom shares. I've had some
- 17:30Speaker 1: interesting conversations about that.
- 17:32Speaker 3: Um, I like y'all. Y'all making me reveal a whole lot.
- 17:36Speaker 6: But seriously, you guys talk about brands and you talk
- 17:38Speaker 6: about Andre or even, you know, a brand I was
- 17:40Speaker 6: able to have from the NBA. How did you guys, again,
- 17:43Speaker 6: when you start your brand to, you know, now you have,
- 17:46Speaker 6: you know, festivals and people following you all over the world.
- 17:49Speaker 3: 1.4 million subscribers. Yeah.
- 17:51Speaker 5: I mean, that's actually crazy. Y'all got it out the basement.
- 17:55Speaker 3: Yeah. Thank you. Appreciate it.
- 17:58Speaker 1: Yeah.
- 17:59Speaker 7: I mean, the origin story really is formatted in purpose,
- 18:02Speaker 7: to be honest with you.
- 18:04Speaker 5: His career was as a financial advisor. I was a teacher.
- 18:08Speaker 5: We had an opportunity. You know, every summer I took
- 18:11Speaker 5: kids from my neighborhood and they were part of this program.
- 18:14Speaker 7: We were teaching them about the things that they missed
- 18:16Speaker 7: in the 10 months of school.
- 18:17Speaker 3: Right.
- 18:17Speaker 5: So everybody goes to school and they're like, I don't
- 18:20Speaker 5: remember anything. I didn't learn anything. You ask your kid,
- 18:22Speaker 5: what'd you learn today? Nothing.
- 18:23Speaker 7: Right.
- 18:23Speaker 3: Right.
- 18:24Speaker 7: And so it was like I felt very complicit in that.
- 18:27Speaker 7: If kids are going to school, I'm a teacher.
- 18:28Speaker 5: They're learning nothing. I'm not doing my job, but I'm
- 18:30Speaker 5: getting paid. And so there was an opportunity here.
- 18:33Speaker 7: Like we can educate kids about financial literacy, about college,
- 18:37Speaker 7: about decisions that they were going to make around money
- 18:39Speaker 7: at 14 with the hopes that if they got it
- 18:41Speaker 7: at 14, they would be more advanced by 19, 20, 25.
- 18:44Speaker 7: And so financial literacy was at the cusp of that.
- 18:48Speaker 5: It was like, all right, bet.
- 18:49Speaker 7: We're going to pay these kids to be in the program.
- 18:51Speaker 7: Let's teach them about money. He had just started his
- 18:53Speaker 7: career in advising.
- 18:54Speaker 5: I'm like, this is perfect. You can come in.
- 18:56Speaker 7: And so we started co-teaching that. Like I learned about
- 18:58Speaker 7: finance from him. He learned how to have classroom management
- 19:01Speaker 7: for me, create lesson plans.
- 19:03Speaker 5: And so we did that.
- 19:04Speaker 7: In my mind, the vision was I need to have
- 19:06Speaker 7: this program throughout New York first, right? Because parents would
- 19:10Speaker 7: see it. They're like, this is incredible. How do I
- 19:12Speaker 7: scale this? I'm like, I can't figure it out. I
- 19:14Speaker 7: can't figure it out. He was always into social media.
- 19:17Speaker 7: He was like, this is how we do it. So
- 19:19Speaker 7: he had our COO was up there right now, Abdulai.
- 19:22Speaker 7: He said, look, shout out to Ab. He was like, look,
- 19:26Speaker 7: I want you to record the classrooms. I was like, oh, okay, whatever.
- 19:29Speaker 7: I'm still trying to figure out how to scale this physically.
- 19:32Speaker 7: He was like, just keep recording the classroom. He was
- 19:34Speaker 7: huge on content, putting it up. That led to him
- 19:37Speaker 7: creating his own platform. He wanted to teach people about
- 19:41Speaker 7: finance in a different way. Sometimes when we think about finance,
- 19:45Speaker 7: it's a foreign language. right and we were coming out
- 19:48Speaker 7: like we're a set of stone we were coming like
- 19:50Speaker 7: let's break the monotony of this stush feeling when it
- 19:54Speaker 7: came to financial education let's talk it in our language
- 19:57Speaker 7: and so he was doing that for multiple people had
- 20:00Speaker 7: his own public access show um i'll let him tell
- 20:02Speaker 7: his story and then people like wait where's the rest
- 20:05Speaker 7: of that we need more of that where's the episode
- 20:07Speaker 7: and one day he was like look want to do
- 20:09Speaker 7: a show Let's do this podcast. We sat in my basement.
- 20:12Speaker 7: I'm like, all right, let's do it. And that's how
- 20:16Speaker 7: Earn Your Leisure was birthed, really. We came up with
- 20:17Speaker 7: the name pretty quickly. He was already using it as
- 20:20Speaker 7: a hashtag. And from there, it was consistent. We was like,
- 20:22Speaker 7: all right, well, here's the vision. These are the 10
- 20:25Speaker 7: things we need to do. Here are 10 people we
- 20:26Speaker 7: want to interview. Let's just go attack it. And really,
- 20:29Speaker 7: it started with three iPhones and that idea, and it
- 20:32Speaker 7: branded into what you see now.
- 20:34Speaker 3: Yeah, I think it's... I don't want to cut you off.
- 20:36Speaker 3: I just want you to.
- 20:38Speaker 1: Can you explain to me what you took from the
- 20:40Speaker 1: public access and like, just explain to me how that
- 20:43Speaker 1: works within your story and then how you knew how
- 20:45Speaker 1: to maneuver into, you know, subscribers streaming and all that.
- 20:49Speaker 1: And the difference in the revenue streams and like how
- 20:51Speaker 1: much is valued at.
- 20:52Speaker 2: Yeah.
- 20:53Speaker 4: I never went to business school, but I was always
- 20:55Speaker 4: interested in business my whole life. So I was studying
- 20:58Speaker 4: like real world case studies. So in 2012, Instagram was
- 21:04Speaker 4: like fairly new. And I got introduced to it. And
- 21:08Speaker 4: like everybody else, I was on the app all the time.
- 21:10Speaker 4: And when I'm first on Instagram, I'm just thinking like,
- 21:13Speaker 4: this is a cool app. You get to share photos.
- 21:14Speaker 4: At the time, it was no videos. At that time,
- 21:16Speaker 4: it was just for iPhone users. But I quickly realized
- 21:20Speaker 4: something in this situation. So I used to follow this
- 21:23Speaker 4: fashion blog. And the fashion blog had like a million
- 21:27Speaker 4: followers at that time. And at that time, if you
- 21:28Speaker 4: had a million followers, you could reach a million people.
- 21:31Speaker 4: And what I realized was that what she was doing,
- 21:35Speaker 4: the girl that actually was running the fashion blog was
- 21:37Speaker 4: that she would post like look books on like, you know,
- 21:40Speaker 4: this actress wore this and this singer wore this. But
- 21:43Speaker 4: in between the looks, she would do like organic ads.
- 21:50Speaker 4: So it'd be like a small boutique in Philly that
- 21:52Speaker 4: had a blazer. And you didn't really know it was
- 21:56Speaker 4: an ad unless she was actually really studying it. So
- 21:59Speaker 4: right then I'm like, this is crazy. Cause how I
- 22:03Speaker 4: was looking at it was like, okay, how many people
- 22:06Speaker 4: subscribe to New York times? Probably a million people in
- 22:10Speaker 4: circulation from New York times every single day. And how
- 22:14Speaker 4: much money does it cost to run an ad in
- 22:16Speaker 4: the New York times?
- 22:19Speaker 3: $ 50, 000.
- 22:20Speaker 4: How much money does it cost to run an ad
- 22:22Speaker 4: on NBC, ABC millions of dollars.
- 22:25Speaker 2: Right.
- 22:25Speaker 4: But I'm thinking, I didn't know, but I'm thinking to
- 22:28Speaker 4: myself that they're probably paying her $ 500 a thousand dollars.
- 22:32Speaker 4: but they can reach just as many people as all
- 22:34Speaker 4: of these traditional outlets. So then that's when I was like, okay,
- 22:40Speaker 4: advertising is going to change. This is the new wave.
- 22:43Speaker 4: So I actually had a meeting with him and I
- 22:47Speaker 4: was explaining this to him. And I was like, we
- 22:48Speaker 4: need to start a fashion blog.
- 22:51Speaker 2: And we did.
- 22:53Speaker 4: We started a fashion blog. It was called Fashion Wave.
- 22:55Speaker 4: And we actually got it to like 12,000 followers. But
- 22:57Speaker 4: that was the original point was like social media is,
- 23:02Speaker 4: Is something that's going to take.
- 23:03Speaker 2: Over the world.
- 23:04Speaker 4: Most people have no idea. How they're actually using it.
- 23:07Speaker 4: They're just using it as consumers. But there's a business
- 23:10Speaker 4: behind this. This is before influencer was even a word.
- 23:13Speaker 4: This is before you had to put ad. You could
- 23:15Speaker 4: just organically do it. That didn't work out. But the idea.
- 23:21Speaker 4: Was still there. So the next idea was. I was
- 23:24Speaker 4: a financial advisor at the time. So I wanted to
- 23:28Speaker 4: become a celebrity financial advisor.
- 23:30Speaker 2: That was my original goal.
- 23:32Speaker 4: I wanted to work with athletes, entertainers, because I felt
- 23:35Speaker 4: like I played basketball my whole entire life. And I
- 23:38Speaker 4: was looking at the people that was representing athletes, and
- 23:41Speaker 4: I'm like, I know that they're not from the culture.
- 23:44Speaker 4: They're not listening to the music. I know the music.
- 23:47Speaker 4: I'm listening to it. Why should they get to work
- 23:50Speaker 4: with these people? I know I'm more qualified because I
- 23:53Speaker 4: can actually sit down and have a conversation.
- 23:56Speaker 2: But I didn't know anybody. I had no inroads.
- 23:59Speaker 4: I had no advanced degree and I didn't really have
- 24:03Speaker 4: a way to actually get my way into the door.
- 24:06Speaker 4: So the idea was to become a famous celebrity financial
- 24:11Speaker 4: advisor because I was looking at the landscape and I'm like, okay,
- 24:14Speaker 4: social media has provided a platform for anybody to become
- 24:17Speaker 4: a celebrity, celebrity chef, a celebrity trainer. Previously, you can
- 24:21Speaker 4: only become a celebrity if you was an athlete or
- 24:24Speaker 4: an entertainer, but now you could be a celebrity anything.
- 24:27Speaker 4: I'm like, well, you maybe be able to be a
- 24:30Speaker 4: celebrity financial advisor, right?
- 24:32Speaker 3: First of its kind.
- 24:33Speaker 5: Anything is possible, right?
- 24:35Speaker 3: Anything. Anything is possible, bro.
- 24:37Speaker 2: Just maybe.
- 24:38Speaker 4: So that's when all of the content comes into play, right?
- 24:43Speaker 4: Where it's record everything. I'm mad we're not recording this,
- 24:46Speaker 4: but that's the number one rule in life is to
- 24:48Speaker 4: record everything because you never know.
- 24:50Speaker 2: So we record.
- 24:52Speaker 3: We are recording.
- 24:53Speaker 4: We're recording this, but you got to get.
- 24:55Speaker 2: You got to get the organic.
- 24:59Speaker 5: Cell phone footage algorithm breaker.
- 25:02Speaker 4: So now it's like, okay, record the classroom, record selfie videos,
- 25:09Speaker 4: record everything to your question about the public access show.
- 25:14Speaker 2: The number one rule in life is to cultivate relationships.
- 25:18Speaker 2: There's a lot of number one rules in life, by
- 25:20Speaker 2: the way.
- 25:21Speaker 5: It's like, Just so y'all know.
- 25:25Speaker 7: Yes.
- 25:26Speaker 2: Three more are coming. So you got to cultivate relationships.
- 25:31Speaker 2: So I was like, okay.
- 25:34Speaker 4: At that time, I wanted to get in front of
- 25:37Speaker 4: all the top real estate developers and entrepreneurs and architects.
- 25:43Speaker 4: These are people that have made a lot of money
- 25:45Speaker 4: and successful, but nobody knows them. And what I realized
- 25:49Speaker 4: is that the number one rule of life is that
- 25:52Speaker 4: everybody wants to talk about themselves, right? So I'm like, okay,
- 25:55Speaker 4: if I could provide a platform for somebody to talk
- 25:57Speaker 4: about themselves, then now that's actually a way for me
- 26:00Speaker 4: to build a relationship. So I get offered a public
- 26:04Speaker 4: access show. I never looked at it as a public
- 26:06Speaker 4: access show. I looked at it as a TV show.
- 26:08Speaker 4: And that's how I pitched it. I would go to
- 26:10Speaker 4: somebody and be like, you know, I have a TV show.
- 26:11Speaker 4: Nobody's going to turn down being on a TV show,
- 26:13Speaker 4: especially if they've never been on TV.
- 26:16Speaker 7: So.
- 26:17Speaker 4: what that actually did was help me to sharpen my
- 26:20Speaker 4: communication skills and learn how to actually interview people.
- 26:24Speaker 3: Right?
- 26:25Speaker 2: So all of this is happening at the same time.
- 26:28Speaker 4: We have a relationship from growing up together and working
- 26:30Speaker 4: in the classroom as he just described. And my social
- 26:32Speaker 4: media following is building at the time. So when we
- 26:35Speaker 4: start earning your leisure to show, um, now we have
- 26:39Speaker 4: a lot of things working for us, right? So when
- 26:44Speaker 4: we hit this, the ground, It's like an explosion because
- 26:49Speaker 4: we was able to actually.
- 26:51Speaker 2: Provide information in a very relatable manner.
- 26:54Speaker 4: So we're kind of like the ladder to the clouds.
- 26:57Speaker 4: I think a lot of times in our community, there
- 26:59Speaker 4: have been a small pocket of black intellectuals. But they
- 27:06Speaker 4: have not been able to fully communicate or relate to
- 27:10Speaker 4: the vast majority of black people on the ground. So
- 27:14Speaker 4: now you have a disconnect. The intellectuals feel like they're
- 27:19Speaker 4: better than the masses. The masses feel like the intellectuals
- 27:24Speaker 4: are bourgeoisies and they just like disregard them, right? So
- 27:29Speaker 4: I'm like, well, there's value in both places. We need
- 27:31Speaker 4: each other, right? So it's like, okay, we have an
- 27:35Speaker 4: interesting background where we're able to communicate to everybody. We
- 27:41Speaker 4: can be in Ivy League school or we can be
- 27:43Speaker 4: in a penitentiary communicating to people.
- 27:45Speaker 2: And we have been in both places. communicating with people
- 27:47Speaker 2: and educating people. So when we.
- 27:50Speaker 4: Were able to provide the education, it was done in
- 27:55Speaker 4: a very non-traditional manner when it comes to business. So
- 27:59Speaker 4: the way that we dress, we have hoodies and t-shirts.
- 28:01Speaker 4: The way that we talk, we was using hip hop references,
- 28:04Speaker 4: but we're breaking down case studies and we're actually talking
- 28:06Speaker 4: about very high level business, right? And everybody wants to
- 28:09Speaker 4: make money. So what happens is that it's just perfect timing.
- 28:14Speaker 4: It hits social media and then it just, Explodes on
- 28:17Speaker 4: social media. My original thesis on social media actually turned
- 28:21Speaker 4: out to be right. Like I said, we just had
- 28:23Speaker 4: to wait some time and we switched lanes a little bit.
- 28:26Speaker 4: But the idea of it came to fruition and then
- 28:30Speaker 4: there's opportunities in every crisis. So when the pandemic happened,
- 28:35Speaker 4: everything shut down and everybody was scared. And a lot
- 28:37Speaker 4: of people, you know, unfortunately lost their jobs and some
- 28:41Speaker 4: people passed away as well. But then some people benefited.
- 28:46Speaker 4: we were on the side of people that actually benefited
- 28:48Speaker 4: because when everybody was home, we had nothing to do.
- 28:51Speaker 4: So then they start watching us. And then we develop
- 28:54Speaker 4: a show called Market Mondays, where we're actually teaching people
- 28:55Speaker 4: about stocks, investing. Then something that happened in our favor
- 29:00Speaker 4: was that everybody got a stimulus check. Then something that
- 29:03Speaker 4: happened in our favor is that the stock market started
- 29:05Speaker 4: to skyrocket. So now people are making money in real
- 29:07Speaker 4: time from our information. And then it becomes like a
- 29:10Speaker 4: cult following. Now everybody's passing it along and they're telling
- 29:14Speaker 4: their friend, they're telling their cousins and before you know it,
- 29:16Speaker 4: we're at like a million people that's watching us, right?
- 29:19Speaker 4: So this is all part of the Earn Your Leisure story,
- 29:23Speaker 4: how we was able to grow organically. But it's a
- 29:26Speaker 4: mix of, I think, having a unique product, mixing it
- 29:29Speaker 4: with the right time and maximizing the moment. We're in
- 29:33Speaker 4: a moment right now where traditionally media, if we were
- 29:37Speaker 4: to try to start a show 15, 20 years ago,
- 29:40Speaker 4: we would have to go to Bloomberg, CNBC, ABC, and
- 29:46Speaker 4: we would have to compromise who we are. We would
- 29:48Speaker 4: have to like shave our face and we would have
- 29:51Speaker 4: to talk in a language that we didn't fully even
- 29:54Speaker 4: feel comfortable talking in. We would have to wear a suit.
- 29:58Speaker 4: We would have to be under the umbrella of them.
- 30:00Speaker 4: We couldn't own our own show. It'd be impossible. But
- 30:03Speaker 4: now the cell phone has empowered the creatives and independents.
- 30:09Speaker 4: And now we're able to break through without having to
- 30:12Speaker 4: go through the actual gatekeepers or the larger institutions. But
- 30:15Speaker 4: what has propelled us to even a higher level is
- 30:18Speaker 4: there's a middle ground that can be reached where now
- 30:22Speaker 4: independence is at an all time high and we have
- 30:24Speaker 4: the leverage to But there's only so far you can
- 30:27Speaker 4: go as an independent from just exposure resources. There's still
- 30:31Speaker 4: some level of benefit from corporate. But now we can
- 30:38Speaker 4: work with corporate from a relationship standpoint, as opposed to
- 30:43Speaker 4: them owning everything standpoint, because we have leverage. So now
- 30:46Speaker 4: we've been able to leverage with a lot of different
- 30:49Speaker 4: corporate relationships, which have helped us expand our reach globally
- 30:53Speaker 4: and expanded our reach globally. accelerated the growth in a
- 30:56Speaker 4: much quicker manner. So this is an interesting time for
- 30:59Speaker 4: creatives because now you can grow your following, whatever you're doing,
- 31:05Speaker 4: use that leverage to work with corporate, but maintain ownership,
- 31:10Speaker 4: maintain independence and have real leverage and real partnership as
- 31:14Speaker 4: opposed to being an employee. And that's something that has
- 31:18Speaker 4: accelerated our growth as well. So that's a very long-winded
- 31:21Speaker 4: answer to your question, but I think that it might
- 31:23Speaker 4: be beneficial for anybody that's interested in new age business
- 31:26Speaker 4: and media.
- 31:26Speaker 6: It's crazy.
- 31:27Speaker 7: Cause as he's talking and I was listening to you, Dre,
- 31:29Speaker 7: when you were talking about Nigeria, when we talk about
- 31:32Speaker 7: how we creatively are reaching people, it made me think
- 31:35Speaker 7: about the first time, like what you were speaking about
- 31:37Speaker 7: was illegal Dengote, right? He has an opportunity to change
- 31:40Speaker 7: the export import ratio from Nigeria. And so I'm thinking like,
- 31:44Speaker 7: how do I teach kids about that? How do I
- 31:46Speaker 7: walk in the classroom and tell them like they should
- 31:48Speaker 7: know this person. And so our way was hip hop, right?
- 31:51Speaker 7: The first lesson was, I took Jay-Z's line. I said,
- 31:54Speaker 7: all Blacks got is sports and entertainment until we even.
- 31:57Speaker 7: And I showed them six people from the world of
- 31:59Speaker 7: sports and entertainment. They knew every one of them. Jay-Z, Beyonce,
- 32:02Speaker 7: Floyd Mayweather, Dr.
- 32:03Speaker 3: Dre, and Oprah.
- 32:05Speaker 5: They knew them all, right? And Jordan. And then I
- 32:07Speaker 5: gave them another.
- 32:08Speaker 7: Sheet with the six wealthiest people, Black people on the planet,
- 32:12Speaker 7: and they knew none. I said, damn, Jay kind of
- 32:16Speaker 7: prophesied this, right? He really showed us, like, all we
- 32:19Speaker 7: had until we even because we've never recognized anything outside
- 32:23Speaker 7: that world until I get to teach them about the
- 32:25Speaker 7: wealthiest guy on the planet who was a legal Dan Goldie.
- 32:29Speaker 7: And now this is the crossroads. And so now that
- 32:31Speaker 7: group of kids never gets to say they don't know
- 32:33Speaker 7: who that guy is.
- 32:34Speaker 5: And guess what?
- 32:35Speaker 7: He didn't do it because he dribbled. He didn't do
- 32:37Speaker 7: it because he could throw a football or he can
- 32:39Speaker 7: spit a rum. He did it from natural resources. He
- 32:42Speaker 7: did it from oil. He did it from cement. These
- 32:45Speaker 7: are all different things. So now that kid or those
- 32:48Speaker 7: kids that are now hearing it know that there's value
- 32:50Speaker 7: in other things Than the traditional things that have been
- 32:54Speaker 7: fed to us through TV, right? We have to be entertaining.
- 32:57Speaker 7: There's no value in the guy who's.
- 32:59Speaker 5: Going to be the doctor in the neighborhood.
- 33:02Speaker 7: There's no value to the person who's going to be
- 33:03Speaker 7: the teacher or who's going to be the chemist or
- 33:06Speaker 7: who's going to be the next person to venture capital.
- 33:08Speaker 7: Those people weren't celebrated until this moment in time. And
- 33:11Speaker 7: so that was kind of the thing was like, all right,
- 33:12Speaker 7: this is how we now can creatively reach people, use
- 33:15Speaker 7: social media, use hip hop, merge it all together and
- 33:18Speaker 7: deliver it to the people.
- 33:19Speaker 3: How long did that breakthrough take?
- 33:21Speaker 6: Because when you sit there, we talked about just recently,
- 33:24Speaker 6: you know, to be more than an athlete was a
- 33:27Speaker 6: thing that just popped up like five or six years ago.
- 33:29Speaker 6: And then a lot of times when you're coming down
- 33:31Speaker 6: and talking about sports and entertainment and what young individuals
- 33:34Speaker 6: typically want to be, they necessarily don't want to hear
- 33:37Speaker 6: all the rah-rah like educational stuff. And, um, How did
- 33:40Speaker 6: you guys keep your confidence up? We always have a saying, don't,
- 33:43Speaker 6: you know, diss the caterpillar and then jot the butterfly. So, like,
- 33:47Speaker 6: it couldn't have been that easy going in and, you know,
- 33:49Speaker 6: continuing to build step by step. So how did you
- 33:51Speaker 6: guys keep that momentum up and the faith? Did you
- 33:54Speaker 6: ever get discouraged?
- 33:55Speaker 4: Well, I think that when losing is not an option,
- 34:00Speaker 4: then you really have no choice but to win. So
- 34:04Speaker 4: it's a few ways how you look at the time frame.
- 34:07Speaker 4: You can look at it from when we started social media.
- 34:10Speaker 4: That's a relatively short period in the grand scheme of
- 34:12Speaker 4: things of success. Like we kind of it just kind
- 34:14Speaker 4: of went up. But then you look at it from
- 34:17Speaker 4: like your whole entire life takes you to the moment
- 34:19Speaker 4: that you're at.
- 34:19Speaker 2: And that's a very long journey.
- 34:20Speaker 3: Right.
- 34:21Speaker 4: So it's like he was a teacher and he was
- 34:24Speaker 4: preparing for that moment without knowing it. I was a
- 34:26Speaker 4: financial advisor and I was preparing for that moment without
- 34:29Speaker 4: knowing it.
- 34:29Speaker 2: Right.
- 34:30Speaker 4: So I feel that you have to fully believe in
- 34:35Speaker 4: what you're doing. You can't really even think about it
- 34:40Speaker 4: not working. It's only a matter of how do I
- 34:43Speaker 4: get it to work. So for me, my personal journey,
- 34:47Speaker 4: I never really had a job before ever. So I
- 34:50Speaker 4: went to school and then I became a financial advisor.
- 34:53Speaker 4: It's a commission-based situation. So anybody can get hired. I
- 34:56Speaker 4: wasn't working on Wall Street. I was working for an
- 34:58Speaker 4: insurance company. It's not too difficult to get hired in
- 35:01Speaker 4: that situation, just being honest. Um, but it's also extremely
- 35:05Speaker 4: difficult to be successful in it. That's why it's not
- 35:07Speaker 4: difficult to get hired. Like 90, 90% of people is
- 35:10Speaker 4: not going.
- 35:10Speaker 2: To be successful.
- 35:11Speaker 3: That's 22.
- 35:11Speaker 2: But you know, it was.
- 35:13Speaker 4: Extremely, it's extremely difficult type of job, especially at 24
- 35:16Speaker 4: years old to try to convince people that they, you know,
- 35:18Speaker 4: need life insurance and IRAs and stuff like that. But
- 35:21Speaker 4: my alternative, like I said, I didn't have an advanced degree.
- 35:24Speaker 4: I went to a state school. My alternative was to
- 35:27Speaker 4: actually get a job and, that wasn't going to happen.
- 35:32Speaker 4: So I really had no choice but to make it happen.
- 35:35Speaker 4: So I think, you know, and when you, when you
- 35:37Speaker 4: use that type of framework, then you really don't think
- 35:40Speaker 4: about like tough times or like, because at the end
- 35:44Speaker 4: of the day, what is a tough time? We really
- 35:47Speaker 4: never really had anything anyway. So that's something that we
- 35:50Speaker 4: already used to. Like, I mean, if you think about it,
- 35:52Speaker 4: like it can't really get too much worse. You only
- 35:57Speaker 4: really have a, you really have.
- 36:00Speaker 2: Nothing to lose when you have nothing to lose, right?
- 36:02Speaker 4: Like when you become a millionaire, now you start to
- 36:04Speaker 4: think like, damn, I can really screw this up and
- 36:06Speaker 4: I'm back to zero.
- 36:07Speaker 2: But I mean, if you have $ 5, 000 in your bank account,
- 36:09Speaker 2: what's the worst that can happen?
- 36:10Speaker 5: You're closer to zero.
- 36:12Speaker 2: That's right.
- 36:15Speaker 5: And that's the reality.
- 36:15Speaker 7: Like we grow up, we're so close to zero. So
- 36:18Speaker 7: what is the risk, right? But I thought he was
- 36:20Speaker 7: going to answer this a whole different way. Because the
- 36:23Speaker 7: thing about it, I've known him since he was probably
- 36:25Speaker 7: 11 years old. He's known me vice versa. There was
- 36:27Speaker 7: never a time where our confidence ever wavered in ourselves.
- 36:30Speaker 7: What we were going to do is we would figure
- 36:32Speaker 7: that out, but we were always confident in what we
- 36:34Speaker 7: were going to be. Like I knew he was going
- 36:36Speaker 7: to be successful, probably vice versa.
- 36:39Speaker 5: And our community knew that too, because we were rooted
- 36:41Speaker 5: in the community.
- 36:42Speaker 7: But what happened over time was that we realized representation
- 36:47Speaker 7: and showing up as your authentic self was the key, right?
- 36:50Speaker 7: So most people, when I worked, They were like, well,
- 36:53Speaker 7: you're the gym teacher.
- 36:54Speaker 5: I'm like, yeah, I'm the.
- 36:55Speaker 7: Physical educator, but there's other things I do, too. But
- 36:58Speaker 7: people will only judge you from where they see you at.
- 37:00Speaker 3: Right.
- 37:00Speaker 7: So like even now, if I go back to the school,
- 37:02Speaker 7: they always ask me if I'm coming back. I'm like, well,
- 37:07Speaker 7: about that.
- 37:08Speaker 5: Right.
- 37:08Speaker 7: But they only they only could see me as that.
- 37:11Speaker 7: But there was so much more to it. So when
- 37:14Speaker 7: we started to grow as a company, it was like,
- 37:17Speaker 7: all right, don't change who you are.
- 37:20Speaker 3: Right.
- 37:20Speaker 7: When I was standing in front of kids in the Bronx,
- 37:23Speaker 7: I had the freshest Jordans on.
- 37:24Speaker 3: Right.
- 37:25Speaker 5: I had G-Shock watches.
- 37:26Speaker 7: I had a BMW because I knew one day a
- 37:29Speaker 7: kid was going to look at Mr. Miller's and say,
- 37:32Speaker 7: I want to be him. Like a lot of kids
- 37:34Speaker 7: are going to grow up saying they want to be you.
- 37:35Speaker 7: But I was like, I want kids to grow up
- 37:37Speaker 7: and say they could be me because the chances that
- 37:39Speaker 7: they could be me is 100 percent chance.
- 37:42Speaker 1: Right.
- 37:42Speaker 7: Right.
- 37:43Speaker 5: Like making it to the NBA is one in a million.
- 37:45Speaker 3: Right.
- 37:46Speaker 7: But being somebody that is productive in their community, somebody
- 37:48Speaker 7: that's giving back, somebody that's educating their community, they could
- 37:51Speaker 7: do that. So if I could show them I could
- 37:53Speaker 7: have the nice car that you guys have, I could
- 37:55Speaker 7: have some of the watches and some of the kicks,
- 37:57Speaker 7: and that's where it stops.
- 38:01Speaker 5: I'm making it very clear. That's where it stops. You
- 38:03Speaker 5: might get luckier. You've never been in Dubai. I've never
- 38:06Speaker 5: been in Dubai. So that's the thing. Now they see,
- 38:11Speaker 5: that's my teacher. He was my teacher. I know him.
- 38:16Speaker 7: He's in Dubai. He just sat with Steve Harvey. He's
- 38:18Speaker 7: here with Andre Iguodala. Right now, he's speaking at Warren. Yo,
- 38:22Speaker 7: he used to teach me how to catch a football.
- 38:25Speaker 7: Anything is possible, but the representation was there. So when
- 38:28Speaker 7: you see us show up in a hoodie and we
- 38:30Speaker 7: have on fresh kicks and we do travel and we
- 38:33Speaker 7: like to wear nice clothes, that's all part of the
- 38:35Speaker 7: presentation because that's authentically who we were prior to all
- 38:39Speaker 7: of this. All we get to do now is show
- 38:41Speaker 7: up as we are and people are receptive to it
- 38:43Speaker 7: because it's like.
- 38:44Speaker 5: Wait, these guys is real. They're the real deal. This
- 38:47Speaker 5: is real.
- 38:47Speaker 7: This is really who they are every day. And that's
- 38:49Speaker 7: the easiest part. We get to show up as ourselves
- 38:52Speaker 7: every single day.
- 38:54Speaker 1: Now, I got a question to that for all three
- 38:56Speaker 1: of you, because this is, you know, I have battles
- 38:58Speaker 1: with this sometimes where I had a teammate. His name
- 39:01Speaker 1: was Andrew Bogut, and he and I have gotten really close.
- 39:04Speaker 1: And I learned this from my mother.
- 39:06Speaker 3: You know, I did. I wrote a book, The Sixth Man.
- 39:09Speaker 3: And go buy it if you haven't read it.
- 39:11Speaker 2: On Amazon right now.
- 39:14Speaker 1: I never planned on saying that, to be honest. But
- 39:16Speaker 1: my mother taught me at a young age. I had
- 39:18Speaker 1: a story in there where my mother had two voices.
- 39:21Speaker 1: And I said this to her one time. She looked
- 39:22Speaker 1: at me crazy. I was like, Mom, when you have
- 39:24Speaker 1: on makeup, you're nice. And when you don't have your makeup,
- 39:28Speaker 1: I think I'm going to get a whooping at any time.
- 39:30Speaker 3: Given moment.
- 39:31Speaker 1: My mom was six foot tall, so I was scared
- 39:33Speaker 1: of her until I was like 15, like frightened. And
- 39:37Speaker 1: she had two voices, though. You know, she had the
- 39:40Speaker 1: voice at home, and then we went out to work.
- 39:41Speaker 1: She had the other voice. And I think as African Americans,
- 39:44Speaker 1: we all have that. You got to switch it up.
- 39:49Speaker 1: And so the code switching, thank you. And so Andrew Bogut,
- 39:51Speaker 1: he said to me, he's like, Andrew, why do you
- 39:53Speaker 1: talk different to your black teammates than you talk different
- 39:56Speaker 1: when you're talking to white people? And I couldn't quite
- 40:02Speaker 1: explain it to him, but I was trying to explain
- 40:05Speaker 1: to him. My mother, when we went to go, she
- 40:08Speaker 1: was on the phone. I remember the phone conversation, talking
- 40:10Speaker 1: to this guy about a house rental. We used to
- 40:12Speaker 1: rent this small two-bedroom apartment. I went in there maybe
- 40:16Speaker 1: 10 years ago, and I'm in there like this. And
- 40:20Speaker 1: I'm like, my brother and I, how do we live
- 40:23Speaker 1: in this space together? You know, he's the same height
- 40:25Speaker 1: as me. And the guys approved the rental. Like, yes,
- 40:30Speaker 1: it's available to you. She took my brother and myself
- 40:33Speaker 1: with her to see this, to get the house. And
- 40:36Speaker 1: so we pulled up, knock on the door. He answers
- 40:37Speaker 1: the door. He's like, can I help you? She was like, yes,
- 40:39Speaker 1: I'm the lady you spoke to on the phone. But
- 40:41Speaker 1: her voice, he couldn't tell what it was. The house
- 40:47Speaker 1: is not available. So from that moment... Like I understood
- 40:51Speaker 1: like how.
- 40:52Speaker 3: The world works. Like, whoa. And I'm like nine, nine
- 40:56Speaker 3: years old. Like who understands that at nine years old?
- 40:58Speaker 1: And like, it's just like what you're saying is like,
- 41:00Speaker 1: how low can you go when you, I mean, what
- 41:02Speaker 1: can you lose when you don't have anything to lose?
- 41:04Speaker 1: And so that leads me to now I still have
- 41:07Speaker 1: to maneuver how I speak. I have to be PC,
- 41:10Speaker 1: more PC in some places. You know, I can turn
- 41:12Speaker 1: it down to other places. Even when we speak, you know,
- 41:15Speaker 1: he's always saying, I want to see that spring for
- 41:17Speaker 1: the new, but for three of you, You know, this
- 41:19Speaker 1: is my question. You know, the higher you keep moving up,
- 41:22Speaker 1: you're going to open doors that, you know, you've never
- 41:25Speaker 1: been in before or doors we've never been in before.
- 41:28Speaker 1: Like I'm thinking, you know, we're seeing entertainers into these
- 41:31Speaker 1: billionaire realms and they have to maneuver different. You know,
- 41:34Speaker 1: we're in this room and we don't have the black
- 41:37Speaker 1: Elon Musk, whatever you want to call it, or the Zuckerberg.
- 41:39Speaker 1: Like when are we going to have our own tech
- 41:41Speaker 1: companies that are, you know, trillion dollar market caps?
- 41:45Speaker 3: But we're inching closer. And so as you move up,
- 41:48Speaker 3: you say you want to stay yourself.
- 41:50Speaker 1: Like we always want to stay ourselves, but are you
- 41:52Speaker 1: thinking about how you plan on maneuvering once you get
- 41:57Speaker 1: into certain places?
- 41:58Speaker 3: And like, what's your thoughts on it?
- 42:00Speaker 6: I think the only thing I can change is like,
- 42:02Speaker 6: I probably curse less in certain places, but that's just
- 42:06Speaker 6: the truth. But like anything else, cause you know, sometimes
- 42:09Speaker 6: you might walk into rooms and you might be like, man,
- 42:11Speaker 6: am I, am I sure I'm supposed to be here?
- 42:13Speaker 6: And one thing I always say is like, I've been
- 42:15Speaker 6: told is look for the signs. And when you talk
- 42:17Speaker 6: to other people, Shout out to everybody. You guys are
- 42:21Speaker 6: very talented, accomplished people.
- 42:23Speaker 3: And so am I.
- 42:24Speaker 6: And when you talk to other people, you see the
- 42:26Speaker 6: confidence that individuals have and sit in front of you
- 42:29Speaker 6: having all the things they can do.
- 42:31Speaker 3: And it's like, OK, you guys are.
- 42:32Speaker 5: Able to do that.
- 42:33Speaker 6: You're able to do what you said. What I was
- 42:36Speaker 6: able to do was one in a million. And, you know,
- 42:38Speaker 6: you'd be a teacher and be a lot of different things.
- 42:39Speaker 6: And so I try to find, you know, the one little,
- 42:43Speaker 6: you know. spec that I can take to really build
- 42:45Speaker 6: from so when I sit there and I see you
- 42:47Speaker 6: know great people speak with confidence I'm like well I
- 42:50Speaker 6: came from a situation of you know poverty where you
- 42:53Speaker 6: know single parent wasn't supposed to make it out wasn't
- 42:57Speaker 6: supposed to be in this situation I was able to
- 42:58Speaker 6: do it with you know a tenth of a chance
- 43:00Speaker 6: so every time I look there I'm like all right
- 43:03Speaker 6: if these people can do it I can leave here
- 43:04Speaker 6: and do it because I've done some amazing stuff that
- 43:07Speaker 6: most people can't even fathom we talk about a lot
- 43:11Speaker 6: of situations even just for career like mistakes it's like
- 43:14Speaker 6: you're worried about how people judge you. But a lot
- 43:16Speaker 6: of people stopped their mission a long, long time ago
- 43:19Speaker 6: and just went to the sideline and started pointing like, yo,
- 43:21Speaker 6: that ain't him. And it's like, no, I'm your superior.
- 43:24Speaker 3: I'm him.
- 43:24Speaker 5: Worry about yourself.
- 43:26Speaker 6: You know what I mean? And then from there, I
- 43:28Speaker 6: move on and just keep going. But, you know, I
- 43:31Speaker 6: got to keep it. Dre does a great job of
- 43:33Speaker 6: smoothing it out. But my mission, my delivery can be
- 43:36Speaker 6: a little bit more aggressive. But I definitely earned earn
- 43:39Speaker 6: the right to know I'm in that room and gain
- 43:41Speaker 6: confidence for comprehending that if you can do great things,
- 43:44Speaker 6: I can do great things. And I take it from there. Yeah,
- 43:47Speaker 6: I think you're spot on with the confidence.
- 43:49Speaker 7: And Dre, that story you told about your mother, it
- 43:52Speaker 7: hit me dead in the heart because I remember calling
- 43:56Speaker 7: my dad at work.
- 43:57Speaker 5: My parents are from Jamaica.
- 43:59Speaker 3: Strong.
- 43:59Speaker 5: Yeah, shout out.
- 44:04Speaker 2: Bumper clutch.
- 44:06Speaker 3: Okay.
- 44:07Speaker 5: Now that we said that... Now, that's out the way.
- 44:09Speaker 5: So I would call him.
- 44:11Speaker 7: And, you know, he has a heavy patois dialect. But
- 44:15Speaker 7: that's changed over the years. When I would call him,
- 44:17Speaker 7: he worked in Manhattan at corporate.
- 44:18Speaker 5: And I told the story.
- 44:19Speaker 7: I really never know what he did. But I would
- 44:21Speaker 7: call him and he would answer it. And my brothers
- 44:23Speaker 7: used to laugh. I'll do it for y'all.
- 44:24Speaker 5: He'd be like, hello.
- 44:25Speaker 7: I'd be like, yeah, it's me. And, you know, he
- 44:33Speaker 7: would talk to me in his regular voice. And when
- 44:34Speaker 7: I would call my mom, she couldn't. She never did it.
- 44:37Speaker 7: But it used to irk me then, but it irks
- 44:39Speaker 7: me even more so now. It's like somebody close the house,
- 44:41Speaker 7: he'll do that. And it's because I'm fighting for him
- 44:45Speaker 7: to never have to do it, right? And so when
- 44:48Speaker 7: we show up in these rooms, I show up exactly
- 44:51Speaker 7: who I am right now, right? The guy who used
- 44:54Speaker 7: to stand in front of the classroom who couldn't curse, right,
- 44:58Speaker 7: is the same guy that's going to sit on CNBC
- 45:00Speaker 7: or Good Morning America or Bloomberg, same guy that goes
- 45:03Speaker 7: to the breakfast club with Joe Budden.
- 45:05Speaker 5: I'm able to change the conversation.
- 45:07Speaker 7: The conversations change, the information changes, but the person never changes.
- 45:12Speaker 7: And so we're comfortable in the barbershop or we're comfortable
- 45:15Speaker 7: right here in the business school because we trust and
- 45:17Speaker 7: we're confident in what we know.
- 45:20Speaker 5: And that's the most important thing.
- 45:21Speaker 7: I think a lot of times people feel intimidated because
- 45:25Speaker 7: they don't know what they're talking about, right? And so
- 45:27Speaker 7: that's our thing is like, I'm a constant learner. So
- 45:29Speaker 7: every day, like I told you, I just read the
- 45:31Speaker 7: Wall Street Journal before I got here. Let's have a conversation, right?
- 45:36Speaker 7: I'm going to be part of the conversation because I
- 45:38Speaker 7: make it my point to. I don't ever want to
- 45:40Speaker 7: walk into a room where I'm going to feel like
- 45:43Speaker 7: I don't feel confident. We sat down in some prestigious
- 45:46Speaker 7: rooms over the past month, and it was like, I
- 45:49Speaker 7: feel like, yeah, we've earned every aspect of respect and
- 45:55Speaker 7: determination and dedication to be in these rooms. So it
- 45:58Speaker 7: starts with the confidence, but it also goes into that
- 46:00Speaker 7: part of having education and feeling like, you know what,
- 46:03Speaker 7: I belong.
- 46:04Speaker 2: I want to answer this.
- 46:05Speaker 4: I'll try to speed it up, but two parts. So
- 46:09Speaker 4: I never really had to worry about codes. I grew
- 46:11Speaker 4: up radical, and I never had a job. So I
- 46:15Speaker 4: never really had to worry about code switching.
- 46:19Speaker 5: He really told me.
- 46:20Speaker 4: Because you only code switch when you're not in a
- 46:22Speaker 4: position of power. Elon Musk can curse on TV, and
- 46:24Speaker 4: it's okay. That's a fact.
- 46:29Speaker 5: They got finger snaps on that joint. That was crazy.
- 46:31Speaker 6: Yeah.
- 46:34Speaker 5: All the Renaissance.
- 46:35Speaker 4: But what I did realize when so when I was
- 46:38Speaker 4: working as a financial advisor in my office, you know,
- 46:42Speaker 4: everybody in my office is pretty much older white man.
- 46:45Speaker 4: And in the beginning part of like the training, they
- 46:48Speaker 4: will make you watch videos of yourself.
- 46:50Speaker 2: Like we have like a practice sale.
- 46:53Speaker 4: And I never really realized that I actually had a
- 46:56Speaker 4: New York accent until I actually watched myself speak. And
- 47:01Speaker 4: then then I started to realize it. And I kind
- 47:05Speaker 4: of became a little self-conscious of how I spoke because
- 47:08Speaker 4: I know that I didn't have the best diction. I
- 47:11Speaker 4: know that I had an accent and I didn't sound
- 47:15Speaker 4: like anybody else in the office. But I realized that
- 47:19Speaker 4: what I thought might have been a disadvantage was actually
- 47:23Speaker 4: a superpower. And that's actually helped us is that there's
- 47:26Speaker 4: millions of people that actually talk like I talk and
- 47:29Speaker 4: relate to how I communicate as opposed to how somebody
- 47:32Speaker 4: else communicates. Those people were left out of the conversation
- 47:35Speaker 4: for a long period of time. So never run away
- 47:38Speaker 4: from who you are. Embrace who you are, because that's
- 47:41Speaker 4: actually a superpower. Now, you do have to be intelligent
- 47:45Speaker 4: and it is important to have a strong mastery of
- 47:49Speaker 4: the language that you speak. So, you know, it's like
- 47:54Speaker 4: you don't wear a jumpsuit to a wedding. This is
- 47:56Speaker 4: common sense. So how you communicate in a barbershop might
- 48:00Speaker 4: not be how you communicate.
- 48:02Speaker 5: That's a hell no.
- 48:05Speaker 7: You're talking about the Batman suit that Jaden wore.
- 48:10Speaker 4: I think it's just a matter of just knowing how
- 48:11Speaker 4: to communicate properly, not necessarily code switch. I don't like
- 48:14Speaker 4: code switch, and I'll never code switch. But Steve Stout
- 48:18Speaker 4: told us something that was extremely important. I think that
- 48:20Speaker 4: this has been the key to earning a lease of success.
- 48:23Speaker 4: It's the thinnest slice strategy. When you black, you have
- 48:27Speaker 4: to deal with a variety of different things that other
- 48:29Speaker 4: people don't have to deal with or don't worry about.
- 48:31Speaker 4: So for us, we walk a very thin line because
- 48:36Speaker 4: most people that are on TV that are communicating finances
- 48:39Speaker 4: that are black, they're not relatable to the majority of
- 48:43Speaker 4: black people, right?
- 48:44Speaker 2: How they talk, how they look, whatever.
- 48:47Speaker 4: And then there's a variety of different people in our
- 48:49Speaker 4: culture of hip hop that aren't taken serious in the
- 48:53Speaker 4: business world, right? So we have to be articulate enough
- 49:00Speaker 4: to be respected at the highest levels of finance to
- 49:02Speaker 4: be here, right? But we also have to be edgy
- 49:05Speaker 4: enough to still be likable, appealable, and relatable to the masses.
- 49:10Speaker 4: That's extremely difficult. Very few people have been able to
- 49:13Speaker 4: pull that one off. And that's something that we do.
- 49:17Speaker 4: This is just a blessing that we've been blessed with.
- 49:20Speaker 4: But this is something that when you're thinking about, you know,
- 49:24Speaker 4: your pathway forward, it's important because a lot of times
- 49:28Speaker 4: when we get isolated in circles that we're in, but
- 49:32Speaker 4: we can never forget about the overarching theme of black people.
- 49:38Speaker 4: And no matter how good we're doing individually, nobody's successful
- 49:43Speaker 4: if the vast majority of people are unsuccessful. And the
- 49:46Speaker 4: vast majority of people are struggling. So it's important to
- 49:51Speaker 4: keep relatability. It's important to be able to communicate to
- 49:57Speaker 4: the masses while still having your integrity and being able
- 50:01Speaker 4: to move up the ladder. Like I said, Elon Musk
- 50:04Speaker 4: doesn't have to worry about that. Mark Zuckerberg doesn't have
- 50:07Speaker 4: to worry about that. They can just communicate and they
- 50:09Speaker 4: just live freely. They don't have to worry about street credibility.
- 50:13Speaker 4: They don't have to, but we do, right? So this
- 50:17Speaker 4: is a very interesting conversation that you just brought up,
- 50:20Speaker 4: but I just feel like, you know, in the world
- 50:23Speaker 4: of media and communications and just everything, it's important that.
- 50:27Speaker 2: People have other people to look up to.
- 50:29Speaker 4: That's why every kid wants to be a rapper and
- 50:30Speaker 4: an entertainer, because those are jobs that they see as attainable.
- 50:35Speaker 2: Because... the architect, the doctor, they're not visible.
- 50:39Speaker 4: They haven't made themselves visible a lot of times, and
- 50:42Speaker 4: they're so far unrelatable that nobody's even going to try
- 50:47Speaker 4: to be that, right? So if we have to, A,
- 50:49Speaker 4: make ourselves more visible, and we have to, A, make
- 50:52Speaker 4: ourselves more relatable as well, that way we can inspire
- 50:57Speaker 4: more people, more kids to want to be more than
- 51:00Speaker 4: just what they see on television.
- 51:09Speaker 2: Thank you guys so much.
- 51:10Speaker 5: Thank you.