391 Shanghai-based Investor Talks Mindfulness; David Cheng

Automatic TRANSCRIPT

Mindfulness mode three hundred ninety one trust that inner voice that could be defined as consciousness reach new heights of calm, focus in happiness here on mindfulness mode with me your host and mindfulness life coach Bruce Lankford have you ever thought of launching your own podcast? That's something that almost anyone can do. And I want to tell you that you will need to do some research and figure out how to do it. One of the things is you'll need a host a place to upload your episodes. And pod being is where I applaud mine and pod being is wonderful the cost is reasonable. They're so helpful. They're built specifically for podcasters. And they've been around for ten years. Like, I said the pricing is super competitive. It's nine dollars a month. No matter how much content you upload. And they have great stats as well. You can help support mindfulness. Mode and get a month for free with my affiliate link. So just go to pod being dot com. Forward slash pod. Bean m m standing for mindfulness mode. I'm excited about today's show everybody because I met this man in in Atlanta. When I was there speaking at the consciousness conference, and he's an investor, and I'm going to share a little bit about him his bio David Chang is a based investor entrepreneur he founded angel vast group which provided the initial seed funding to bring Hanson robotics to Hong Kong from the USA, David was former product developer at Honda and MD in Japan and USA and he's invested in over twenty early and growth stage companies he's a former investment banker at US China, bulge bracket and boutique firms he also. Lead AMD's microprocessor technology transfer to China's ministry of science and technology David holds an MBA from Harvard Business School and a b s electrical engineering degree from the university of Rochester. I totally enjoyed talking with David, and I think that will show in this interview that you're about to enjoy so sit back relax and take in this. Great interview with David Chang. Hey mindful tribe. I'm here today with an awesome gassed, I'm here with David Chang. And I know know, if you know David Chang is the chief financial officer at Hanson robotics. Hey, David are you in mindfulness mode today? I've been in mindfulness moat the entire weekend. I mean, we're here at this fantastic conference called the zen consciousness conference in Atlanta, Georgia, I've not been here in decades. And it certainly opened my mind about what consciousness can be as I said many times to the audience and new friends that are met here. I'm a newbie at this. I'm completely or I think I'm completely new at mindfulness, and I was trying to learn more about it and get exposed to it meet friends that could help me become more mindful and what I do. Well, david. It's absolutely has been a terrific weekend. I've been so excited to be here. But you know, you seem like a person who is grounded. And I know that you say you haven't really done a lot of mindfulness. But you seem like you're very grounded and very intentional. Just in the way, you come across. What what's your response to that? I suppose I should take that as a compliment. But I'll work on that. I'll try to be more edgy. I guess. I guess it relates to state of being and. Senate behavior, even you know for me while onstage, but also more importantly, probably in the last couple of years, and you know, there's a lot of things going on in my life. That keeps me very very busy. Lot of balls in the air that gotta juggle. And I realize that worrying about those things having fear. Having worried thoughts early doesn't help. So somehow, I mechanically or consciously. Force. Stay to come. Sure exactly how it can do that. But somehow, I take a step back. And then I try to look at the bigger picture of what those many things are. And what they mean? So what I do is. I think you know, what is the ultimate impact? Is it just because something is bugging me. And you know, if it costs some money, then that's fine. Money's just a tool to accomplish what one wants the -ccomplish in once journey throughout life. So there are ways that I try to in a reduce that executive or our fear, or whatever you may want to call it. And I try to ground myself in that regard. So I guess what what I said was right? You are grounded you try to ground yourself try to grab it. That's that's good. Well, what does mindfulness mean to you after you've been at this event for three days? What would you say couple of things? I mean. You know, the way that I was schooled in trained and kind of brought through various work environments. Analyze things you come across the tuition's, you kind of devise options options, AB CD, it's at TRE. And then you pick right. And then you run the numbers. And so that would make sense option b what I'm trying to do. And what I've learned that that probably is a bit more effective is trust your gut trust, your intuition. And if something comes to mind when that when that little voice inside or yourself says, hey, it's it's this one, you know, it's this direction or that. It's option B or option C than that probably could be it. And what I'm trying to do better to trust that inner voice that could be defined as consciousness, and that we all have and to move in that direction. Once I hear it, David. You're a grad of the Harvard Business School was that a high stress place to be that was very interesting place. I mean, I had worked preview. For a large Japanese company Honda Motor and everybody was. Similar or everybody was encouraged to be similar. I should say when I got to the Harvard Business School. It was an amazing eye opening experience of diversity people from different backgrounds people from different parts of the world. And I felt that. Yes. These are all high achievers, and I was humbled to be part of that group. And certainly was also environment in terms of an educational experience. You're an investor what was the most challenging investment that you ever made. What was the most tense stressed out investment that you just didn't know what to do? And then you just sprung for can you describe that? While they're couple that I thought were kind of interesting. I mean, I wouldn't say that you know, anyone was tense more than the other others. Let's say, but there some investments that I can think about that. I thought while looking back. It wasn't the obvious choice. But look at it. Now, kind of turned out to be okay. One of those examples is handsome robotics when I invested in that company for years ago in doctor, David Hanson. He was living in Dallas, Texas where there was no early stage. Venture capital available. He had just recently won that time a startup competition in Hong Kong, and I thought, wow, this guy makes pretty amazing lifelike robots and. His artistry. His craft was amazing and guts Noma bit better at thought. Well, that's the company that I should invest in even though at that time there was no market for robotics or artificial intelligence. There were quite a few people in my team, my members that thought that was a crazy investment. But looking at that now where we are in the world today and how I has become so popular and how some of the robots have become so popular, I think that was a good investment choice. Do you sometimes feel like you're living in the shadows of some of your robots like Sophia? Well, so if he certainly has become a very very popular and well-known robot globally, and I think it's amazing that the world has embraced her. So the answer is sometimes yes, you know, we as people behind Sophia perhaps do live in the shadow of Sofia, but behind behind severe there is an amazing team of people that have made her what she is today and will continue to develop her capabilities and skills to become a more lifelike robot. I know that you spend a lot of time with business decisions and and business in general. But what do you love to do in life? Besides that. Well, my family, of course, I enjoy spending time with my family when I was younger in college. I started taking martial arts classes of in Japanese showed a con karate, and I stayed with that the past while decades, actually, and that's also been a source of my own meditation and away to be mindful to me, it's meditative the some of the techniques Blunkett, the punches blocks kicks are very basic. But it number one is is great workout. But Secondly, I'm trying to tie that martial arts to homes and consciousness and mindfulness. Well, I think there's probably a very close tie to'sign consciousness with that. So I think that's great now. I want to ask you about bully. Seeing I always ask you a question about this. Is there a story you can share with us? Maybe when you're a child, maybe as an adult in business, where maybe you bullied, someone or someone bullied, you do you have a story, you can share with us where mindfulness would have made a difference as to how it came out. That's a great question. I mean, bullying is being b has become a hot topic in modern times. And one of the tenets of of karate his. The first one is seek perfection of character. And in that statement in itself. All people who practice that martial. Art are asked to behave in a way that would be respectable of others and yourself that means no bullying when I was growing up in New York state. It was a very different environment many decades ago and people didn't take bullying. Seriously, if at all, and certainly observed bouts of that and even myself growing up as a as a kid. You know, I was more of the quiet side on the shy side. And some people did take advantage of that. And while the found it to be bothersome, I was able to find my own ways to just avoid that or to fund other interests that that didn't put me into let's say a negative mood or hurt depression. Let's say, but I think it's a big problem or think it was a big problem. And I think in today's society because I got two kids my own now, that's certainly something that I look out for in their school in their environment. And I think it's all about upbringing values at home education and also finding ways perhaps through mindfulness or consciousness to elevate our society our community to realize that rural. Connected and that kind of behavior, whether it's, you know, amongst your peers, or with within your your your your your social group amongst your kids that kind of behavior can be can be changed. I would leave. Yeah. I think you're right. I think you're right. You know in in life. We all have a lot of ups and downs at seems how do you deal with your downs? Do you ever feel depressed? Well, there are moments of of well, wow. I could have done that better or this should be better. And. Much of depresses right word to use. But certainly disappointment, of course. And I guess the way that I would deal with that is through introspection. Through. Thought about finding ways that that could be avoided going forward. David you said that money is a tool, how would you like to live in a world with no money? What would that be like for you? Well, that's a very interesting question because I'm also looking at the world crypto currencies and role with the money would be a world with cryptocurrencies. And what would that be like for you? You probably know a lot more about crypto currencies than I do. Well, it's a theoretical question. And I think if you look at money as we know it today. You know, what is money what is currency? And and why do we have different currencies? So here the United States we use the US dollar in Canada, use the Canadian dollar and you go to Hong Kong, the Hong Kong dollar ego to Europe. There's a euro when you go to Japan, there's the yen, and you go to China. There's the rim and be right different color bills different denominations, but somehow through the currency exchange system, you can go from one country to the next and you can exchange your currency. So you can use the money locally. And you think about who is legally able to print money, and they are now only while governments, right? They're able to print Fiat. However, what if there's a world out there that whereby not just governments? But also businesses. Individuals could quote unquote printer on money, and wouldn't that be amazing environment where you know, if an individual let's I could print my own coin. Why token the David Chen token and establish some value behind that token, and that could be used as a form of currency because I've I can establish some assets as a massive value reputat behind that people perceived value. So if everybody could do that, then that will be very different world than what we see today. In terms of using money. All already we already have electric payment systems in China. We have we pay in mercury of pay pal. Right. And these are moneyless ways, but, you know, traditional money less ways that we're transacting buying goods and services without the use of quote, unquote money. I think a lot is going to change as far as how currency is dealt with our world. And that's interesting. You said you have to children, what do you hope for for your children in the world? Is they grow up. Well, I just hope that they do their best can identify what they love to do really enjoy to do and pursue that with a passion. And. And. And can use that passion news that that skill and make a positive contribution to their lives and to the world to society. David. I know that you are CFO at Hanson, robotics, what other companies are you heavily involved in. Well, I became the CFO of Hanson robotics as a result of my investment into the company. I'm also on the board which resulted from mine vestment, I am an angel investor at heart that is the core of what I do besides Hanson, robotics, I've also invested through my fund into twenty five more companies for the most part early stage startup companies around the world, not just in Asia. But also here the United States and Europe as well. So I love looking at new companies I personally have seen in reviewed thousands of business plans. I've met with thousands of entrepreneurs, and I always love hearing people story stories about their businesses their aspirations their visions what they wanna do with their idea. And how they want to perhaps build a great company around that if I had a great company, and I wanted David Chang to invest in it, what would be my first move. How would I I would I make that happen? Well, spend time with me get to know me. So I can get to know you. And so I can understand what you're about. You know, whether you have obviously, the right skills, and aspirations, but more importantly, if you have the right character, you know, whether you're a good guy good gal, and you know, whether you can be haven act with the utmost, integrity and have a good heart to kind of do the right thing for our world today. A lot of it has to do with morals. Absolutely. That's good. To know. That's good. To know. I don't think there's enough emphasis on that. In our world. David as we move forward in the interview. I want to ask you five quick answer questions. Okay. So just thirty second. Answers are perfect. The first one is this who is one person who has influenced mindfulness in your life. Should if drew Shifa was incredible. Isn't he is amazing? Special. How has mindfulness affected your emotions, David? I think it's kept my emotions in check. I mean there are times when I was younger were angered flair, and you know. Emotions would kinda run up and down. But I think that. You know, if if I were to take a step back as a nation and kind of brushed it off. Well, that is growth as my my personal growth. I believe David. How was breathing a part of your mindfulness? I wish I could do better. Yeah. And I think we can all work on that. D- recommend a book of any kind that is related to mindfulness. So I'm very interested in this topic. And last year, I the pleasure of meeting one of the other panels who might invited this time John Marshall Robertson, he wrote the book called the voice cared. And I thought some of the things that he was saying in there really resonate to a lot of the topics of the conference. I went through his book and John coached me, and it was a fantastic experience. And for me, at least in terms of understanding, what mindfulness could be and I'll put that into our show notes mindful tribe that book and all the other information we've been talking about is there an app that you recommend that can help with mindfulness. While I download the app cult come. Unfortunately, I don't use it that much these days, but I will I would like to more. So a lot of people recommend that app. And I I know it really works for a lot of people, David. It's been awesome talking to you interviewing you about all this. And you know, as we continue to you know, move forward and life's journey. I hope you enjoy working more in consciousness in mindfulness from what we've learned this weekend. It's been awesome. So thanks very much for being here. Thank you. My pleasure. Yeah. Mine too by now. Bye. Bye. Thanks so much for joining us today on mindfulness mode for show notes for every episode checkout mindfulness mode dot com and type the guest's name or the episode number into the search bar. You can also go mindfulness mode dot com slash whatever episode number. You like if you've enjoyed this podcast, you could help us out by subscribing to mindfulness mode. Wherever you listen, whether it's on I tunes or Stitcher Google play Spotify, so many places you can hear mindfulness mode, so hit subscribe and share because that truly helps our show and remember if you're thinking of launching your own podcast, you can get a free month at pod being with it's awesome pricing and fantastic stats. You can just do that by going to pod bean dot com slash pod. Bean m m stand. Ding for mindfulness mode. So remember subscribing and sharing helps keep mindfulness mode on the air till next time mindful tribe us what we've learned today to reach new heights of calm, focus and happiness, stay in the mode.

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