20 Burst results for "Hundred Million Billion Dollar"
Jennifer Neundorfer of January Ventures
"And today we're gonNA hear from Jennifer new door for she's the CO founder and managing partner of January ventures. It's an investment firm focused on tech startups founded by women and people of Color Jennifer join me to talk about how her company is approaching investment strategies during this unprecedented moment and how they differ from other firms overall. What we're doing differently is really building a venture firm that is designed around access and transparency. That's not what venture has traditionally been known for, and it's what has really under served winning and underrepresented founders, and so we make it very easy for founders to pitch us and find us in everything that we do is focused on removing friction for those founders at the early stage and what type of startups do you look for? We invest primarily in tech enabled talker businesses. So we are investing in companies that we believe can be high growth scalable companies that are going to be capitol efficient. We are investing the capital early and then are looking for outsized return. So we're looking for companies that can go on to be hundred, million, billion dollar companies, and really be those outliers that generate returns for our fund and. You you invest in the in the seed stage. In the early stages of a business we invested the precede seed stage and what are the reasons that we do. That guy is when we started January, we did some early research and there had been a lot of data talking about how how little venture dollars women receive in two thousand, nineteen female only teams received just three percent of. Venture dollars, and if a woman happened to have male co founder, she received eleven percent of venture dollars. But what we found in our data as we look just at the earliest stage is that there's not only a gender gap, but it really starts early. So for every dollar that a male found raises at the precede or seed stage, a woman raises thirty eight cents and a black. Woman just two cents, and so that is really where we are focused to January. Because as you imagine a dollar versus thirty eight cents on the dollar versus two cents on the dollar, many of those are handicapped from the start, and so our focus is on getting them the capital and resources that they need to really generate momentum for their business and get to that scalable growth curve. How large is your fund right now? Yeah, we're deploying out of the twenty million dollar fund. Were typically writing checks that range up to half a million plus because we're investing stage when founders are raising. Two hundred fifty three hundred up to a million dollars on a really at those earliest ages and often the first capital in. And who who are your investors. Are Investors Range. So many of them are the typical investors that you would expect to see family offices, high net worth individuals, and some institutions and foundations. But from the beginning my partner Marin, I wanted to be very deliberate about who are investors are limited partners were because. So much of the traditional venture model has relied on a very small set of investors or limited partners and has reinforced this flywheel around making that small group very wealthy, and so what we have done in both of our funds is proactively reduce the barriers for nontraditional investors to invest in our funds whether that is a founder who is just beginning to. Capital Wealth and may not have a lot of equity and finding ways for them to participate or pitching LP's who follows height of the the traditional circuit that most funds pitch. You know whether it's by geography ethnicity we've really tried to work hard to diversify our alkies. How do you find startups to to invest in? I mentioned that venture has been so long on really inaccessible to most founders and a lot of that is because many venture capitalists rely on their network to source deals, and that's fine. But most of the people that are in someone's network look or are similar to similar characteristics who that person we hear a lot of talk about the tests Cana found her get a warm intro to them, and if so then they're willing to consider taking meeting. We turn that on her head at January, and so from the day that we launched, we have been open to cold pitches and when we went out with that, many of our peers told us you're crazy. We weren't gonNA see great pitches. There was no way we could handle that certain volume. And we were pretty overwhelmed. When we launched in October two, thousand eighteen, we saw four hundred pitches within the first week and so very quickly we leverage technology to develop a scalable way to review those deals were very generous with the first thirty minute meeting. We want Martin I want to be the first people at our meeting these founders right we want to be the ones who are judging whether they are a fit for a thesis, and then we have a higher bar for. Who we spend time with who we due diligence on and ultimately invest in because the nature of our businesses there's a very wide top of funnel, and in any given fun were making twenty five thirty investment. So there is pretty Winnie in process but were deliberate in the organizations that we work with to make sure that we are reaching founders that really fit that underrepresented mold and telling them that are light is on and we WANNA be fund of choice for them so tummy. Tell me some of the startups in your portfolio. Yeah. This is the part that I love talking about it sort of talking about your kids on. And it's hard to pick just one but I'll you a sense for some of them. We are investing problems that we believe are big and we really care about solving were really focused on investing in companies that are addressing big broad problems that are going to shape the future, and so one of those founders that is really doing this is a founder Julia. Collins, who is the CEO of the Company Up Planet Forward Julius founder who has deep roots in both food and sustainability and great founder market. That's something that we look for a lot and Julia is building a regenerative supply chain for sustainable foods. Just Chris. Quigley you sir. Can You? Can you kind of explain just plain plain language orders a regenerative supply chain me I mean I, I notice supply chain means a note regenerative means. Yeah. That's a great question guy. It's really about the ingredients and wear brands and CPG companies are sourcing the ingredients for their foods and they would basically evaluate the sustainability and on a number of different metrics including the carbon footprint including those ingredients were were actually farmed and then be able to suggest alternate sources and it'll turn it whether it's a different farmer on a different type of ingredient that have the same impact so that I as a brand could make those adjustments and make a more sustainable. And regenerative food product right. So if you were looking for palm oil, for example, this platform could say, Hey, you know this is a better place to source your palm oil from. That's exactly right and they are really the first ones to do that on an what we've seen in the past six months is that consumers union between being at home and suddenly really caring about what food they eat, and then all of the very visible events in the last couple months around climate change and sooners are really starting to There's a there's an acceleration in consumer awareness of climate-friendly foods and being conscious of the choices that they make and wanting to be sustainable.
"hundred million billion dollar" Discussed on NBC Nightly News
"Email explode sixth top administration official one that we requested saying. Aw Stop the aid. That email discussed the suspension of military aid to Ukraine part of one hundred forty six heavily redacted pages his obtained by the Center for Public Integrity written on that same July Day. When president trump raised the issue of favor to Ukraine's presidents Alinsky seeking an investigation of the Biden's just ninety minutes after that call that prompted impeachment? Great Perfect. Everybody they should. It was perfect a White House. Budget officials sent an email urging budget an Pentagon aides to please hold off sending to Ukraine nearly four hundred million billion dollars of US aid approved by Congress pending direction. Michael Duffy ads given the sensitive nature of the request. I appreciate your keeping that information closely held to those who need to know. Senator Amy Klobuchar questioning why the secrecy. What a great question? That's a question I want to have answered. But today administration officials push back. There's nothing new in these emails about the timing truly. There's a lot of emails and back and forth exchanges about timing this us. The aim was released White House. Budget Office says the military hold was announced internally a week earlier July eighteenth a spokesperson telling NBC. See News to pull a line out of one email and failed to address. The context is misleading and DNA accurate. And Kelly is with us now. How would these emails potentially be included in a Senate trial.
"hundred million billion dollar" Discussed on Biz Talk Radio
"This business rockstars we're here to inspire informing connected community of entrepreneurs joining us right now he's the CEO Sir yes service is one of the largest yard companies in the world we're one of the game's using where we produce raw data for the sixty five hi fi first person shooters and we're also building number of other titles for the five the oculus rift and the PlayStation for virtual reality system as well what excites you most about the future of war for sure I would say the ability to produce including your content and new ideas to get people who are into gaming who really are gamers right now when someone goes on and many display that's not a gamer and it kind of blues MI oppose anyone's mind basically so that she was a lot of promises shows that we can grow the market into something that's much larger how did you get into the space for you somebody who's always in gaming and and that really getting involved in your own business in the space or something that made sense yeah I mean I I was I mean in gaming you know since I was five years old in touch and tendo bites yeah I mean I you know I Rosie the call goes to the iPhone cookbooks compact publishing those awhile back as with the iPhone games free market was used to make angry birds for example so I've been doing some game development things on and off for awhile going to USC master's programs are working this up on a lucky actually at the U. S. he mixed reality labs on or anything that hundred oculus us so he was the one who introduced me to administrators and all of the other virtual reality technology basically a lot of things to that lab through marvelous and some other people there and then us they're now made is a U. S. C. was also based on the CEO at oculus and that's where I met James I listen hours of officers in a meeting that was sold in Graham is asking me who in the sorry I basically ended up getting exposed to all sorts of technology and gaming gaming this lab at USC and to me that was really fertile ground say well this is all really really cool maybe I can start something meetings or project a business that sort of thing and so what I did with James eyes we started a project holodeck which is a research project to basically create actually hold back it was we want to put two people in a virtual reality their entire bodies inside virtual reality still the technology for building teams for this way before the R. was released saying this is like four years ago and then that got us on our way to learning about everything and then we can still see the groundwork that led to creating Serbia us through that that program very cool by themselves gaming is been in your blood for awhile that another religion where you are well what do you feel like was the hard part from going from job to entrepreneur because at the end the day that's what holds people back because they don't know how to cross the chasm yeah they don't know what's going to happen the uncertainty and fear of cutting the cord from their job going into the on air space I mean the the variable there's money really I mean if you can raise money you can start a business specially started really takes money because I think that some businesses a hundred percent it takes money to start a business grow business depending on what it is but I think a lot of people aren't trying to come in and start a business that you know a little more dominated the needs all these resources in team discard yours maybe that was the case you're gonna raise money or you're going to the polls are pulling in revenue I mean those are really the two ways to start a company and if you're looking at a disruptive Silicon Valley style start you know that you're building toward kind of a larger promise you know something like us you know like a slower the billion that's how you want to zero zero one percent if you want to raise money you have to build toward a big vision and you have to take a really large kind of the U. S. things right that is a reason why I'm in Los Angeles specifically not anyone else from the list could build a company like this is a lot of variables in doing it that way if you want to stop and start pulling in revenue then you get a lot a lot more creative and there's a lot of other ways of doing that so to me those are kind of into two sides of the same coin and the lead to creating things in in two different ways so the crazy life of an Oscar north which one is your decision it was only the first one I mean we know what we were trying to do and you know was was very very large we were trying to you reality before there was even any hardware there was any software so intimately would take a lot of tools a lot of technology the hiring of tons and tons of really be able to actually bring it down bring it together but what we were able to do was able to get into it early enough so my recommendation there is a god really get being in the right eco system at the right time to be able to catch hold of something that's larger than yourself we will do that with a virtual reality revolution but how many years have you been doing this is a recap for us how long it's been about four years and you haven't been for years as in the company itself is about three years old and we had a problem before that was kind of the the the the scene of the company you can say for another year okay very cool and how things are people so you are raising a good amount of money can use because that one cannot you cannot okay so but sixty people we can have our projections it's not cheap to higher team of sixty people especially since I'm sure many of them have to do with programming and coding and those are the most expensive candy you're always competing for good engineers from an artist where one as a company we're both in our company and a technology company so we like to pride ourselves in being able to recruit some of the the top talent and it's not just about you know the talent is there is also what kind of projects you work on what kind of environment you're creating a we like to consider ourselves to be one of the four point of building a new type of company culture that's on like virtually anything else that's out there so if you had to completely start our we had no money at all you couldn't get in the space you're currently and was facing joining into during a different phase I would probably say robotics robotics is going to be really fascinating in particular the social robotics if you look at a comical Blue Cross I realized I was looking at a mix of robocalls ID either someone one me to my Sam song these robots that will kind of us is easily our duty to write like they're they're kind of making what are to do to is and I think those are actually gonna be part of our lives over the next ten years so I was a robotic system I mean I invest and I realized and there's so much cool stuff happening the robotic space I don't think people know that if you're not like kind of peeling back the layers and seeing where it's headed virtual reality had it and some of the most exciting spaces gaming obviously the adult industry obviously what other areas using virtual reality that may be because your personal space others haven't thought about because those are maybe three million hundred million billion dollar spaces each individual one or someone to thinking about that I think education is huge I mean I think you had many display on a ten year old twelve year olds you have the experience something kind of with new eyes in a way they haven't done so before culture and everything yeah I just and and to me education is is all about it initially getting someone interested in something that's just a spark right you wanna spark I can be is just you're giving someone a lot information you're testing them on it a text book assumes you're interested in the information already but if you're not you don't wanna textbook nobody does always when his really passion about something once actually is a text books like I can only imagine how many kids would be interested in science or history if it wasn't from a textbook and in that context that's why they would you know show you movie every now and then high school or I understand you noticing it you know so I mean virtual reality has incredible potential to get children and young adults interested in subjects and interesting is what leads them to a life of learning and and that's what education is all about it is the only stars your your the learning process it doesn't kind of finish and that's the way we look at what were you like as a kid and were you like as a kid alternately usually cultivated you intend on lazy to be honest I'm still lazy but I can do short bursts I mean it was definitely and that he did his homework in homeroom or you know in the morning before class basically when games out yeah I mean you know you're the kind of lazy lazy afternoons playing games and what what it turned out especially when I end up writing I or whatever you know but a book a few years back to serve on the involvement when I started writing and it's hard it's hard to meet all those lazy afternoons of playing games actually start to pay off that is amazing wealth of knowledge that I never knew is actually useful and so your knowledge and passion about something if you have that knowledge and passion can actually be something as usual so far that's why is finding something you're passionate about when you're a child when you're young and old that's critical maybe it's not the thing that you think will lead to a career in the future but you'd be surprised even surprised look here's a possible ten years fifteen years down the road I mean definitely starting starting early trying a lot of different things is really important things people like I'm I'm trying to find my purpose find my passion also another thing is don't don't even doing other other things that other people do is that difficult because it's not I mean what whether your you know I never thought it was a long twelve pages and then I never like writing longer I know of any of those five hundred fifty pages because it is easy to use and I was interested in teacher taught me how to write two pages and I would want to shoot myself a hundred eighty page book same exact item you're passionate about and maybe the work in that context kind of goes away easy to try things and try things that are really hard and starting a company is such a such a big thing and say oh wow see this other thing but it's not hard it's just a bunch of problems that if you saw with heart is going to work yes it is a start so what I want to ask you is you know we can sit down at the table with these on my Steve Jobs Richard Branson Oprah Winfrey Tony Robbins whatever whatever your dreams are the people being about you but I want to know their biggest blast and aha moments from their biggest failures mistakes their biggest triumph for partnerships business in the sale of one another best lessons because that's racing collapsing decades of wisdom billions of dollars into a little lesson and so I'm sure it's from your perspective on your journey thus far we feel like it's been a big elastin or for a moment it would be valuable for espy Oscars nothing I mean I would say you're talking about the town side of things you definitely want to stay away from any kind of biases you want to be very objective with how you how you look at the town that you're going to bring on your company because it's it's a critical kind of aspect of it and don't make rash decisions because you're on the clock or you have a deadline you wanna make sure that you build that correctly with the people that you choose to bring into the company so that's a really critical aspect of it yeah I'm as good a special here not just for your space your space clean and he makes a big difference in colors and programmers but.
"hundred million billion dollar" Discussed on WBT Charlotte News Talk
"So apparently, Mike was listening to everything I just said so I appreciate him chiming in. Nowhere. Did I dispute that? There was not a trade war going on with China and US because obviously there is the stock market tanked. Let's Thursday is doing that down today again two and a half percent. What I said was an I'll reiterate this just in case he wants to chime in again that all the economists are saying, look it hurts China more than it hurts us. It's hurting China more than it hurts us more the first time, and it's going to hurt it's gonna hurt China more the second time when this is going on. Now, what you need to know is the reason there is a huge deficit a huge deficit between about a four hundred million billion dollar deficit between the US and China in the trade standoff is because America imports about one hundred eighty six billion dollars annually from computers and electronics, but one hundred eighty six billion that's a huge huge chunk. The next thing that we. Bring in electrical at fifty billion so three times as much as anything else. Computers electronics, right? That's why that's why there's a huge huge deficit now. And what we give them. The biggest thing that we give to China is transportation equipment, and that's only at twenty seven or twenty eight billion dollars. So think about that. One hundred eighty six billion is what we bring in just in computers in electron IX. And we're only sending out about one hundred twenty billion overall like so we're bringing in more just that one product than what we're giving China total. So that that will help explain a lot of the deficit. But in terms of the terrorists and the taxes and all that. Yes. It is a that is one-sided that is one-sided. But you also have to understand the reason there's such a big deficit is because we're bringing in one hundred and eighty six billion dollars just in computers, electronics alone, just that alone. But like I said the trade has hurt Shaida more in the US than it has in the past. I mean early on and then even more the in the economies of both company countries have improved recently. And that's why they're like well. Okay. You know, we're going to take a tougher stand against Trump, and we're going to take tougher stand against China because our economies going, so well, we know the economy here as. Been booming nonstop. We know that nonstop. But business leaders and investors have a small worry, not a big one. But a small worry that a long lasting standoff between the two largest economies in the world could result in some damage global economy. And of course, they're going to be down short term short term. Yes. Things are going to be dealt short-term. Absolutely. They're going to be short term that. That's not debatable. No one. No one is debating that whatsoever. We know that things are going to be that way. I mean short-term the latest drop in the markets, and this whole trade deal is also a buying opportunity. It is a buying opportunity. No long term. You look at the market and in terms of valuation and rates and consumer fundamentals. A long-term bull market is building again. I mean that that's that's straight from one of the largest financial institutions and vestment groups in the country that came out today this afternoon about one o'clock that straight quote. And so that's again. No, debating, whether or not this is like gonna be hurting short-term. Yeah. Yeah. It's going be hurting short-term and no-one said there wasn't a trade war. So I would appreciate it. If they'd start listening to everything in full before making comments. But again, that's that's what's going on. So just look out beyond the where you know, be knowing that. Yes. Short-term this could be damaging, but long-term the expect a bull market, and they expect things to happen. Pretty well going forward in the global economy in the long term. Now the worst things going on today with the state board of elections Kim struck is no longer there. They she had announced a believe that she was going to be leaving..
"hundred million billion dollar" Discussed on Biz Talk Radio
"Back to Business Rockstars now. Let's go to Mark lack. So what does venture capital, and how can you benefit from it? We're here to inspire and form and connect a community of entrepreneurs. I'm Mark lack in this Business Rockstars joining us today to answer that question is our guest Chad buyers. He's the co founder and partner at Susa ventures. Chad is brother. All right. So break it down for us from the basics. What is your capital? Yes, I think venture capital is investing capital in private businesses. Ideally, and usually ones that are very early stage, but a high element of risk helping those businesses get off ground build products sell that product and eventually build a self sustaining business that can go on to either operate independently go public or get acquired and not as kind of the core elements of venture capital. So when is the right time for somebody to go after eventually venture capital fund, or how do they know if a VC firm is even the right option for them? It's really fantastic question. So I think the most important thing to say, and I think not a lotta VC status and more should be said about it is not every business fit for entry capital. The reality is venture capital is a perfect fit for businesses that have very high ceiling so that is a really high potential outcome. So company building a massive market that could eventually become a hundred million two hundred million five hundred million billion dollar multibillion dollar company is more ideal for venture capital based on the kind of the needs. That venture capitalists have in the investor venture capitalist funds. It should be said that the majority of businesses are probably better off without venture capital. Venture capital. Puts a lot of stresses on business. There's expected outcomes over expected amount of time the reality is that a lot of companies and a lot of great businesses that make America and of your SMB's and businesses like that actually probably better off being self sustaining businesses businesses that grow at their cash flows and don't necessarily seek venture capital. So it's kind of a high level of framework, and how to think about it. If your product is something that requires pretty substantial up front. Investment that it'll be really hard because you don't have cash flows to get debt or some other facility, and your and your business has the potential to be really really large companies and venture capital be the right fit for you. Okay. So what are some of different options out there? I know we've got incubators we've got angel investors. We got crowdfunding crowdsourcing. I just named a few of them. But what are some other options out there that people can do? So they say great. So I'm looking for funding or I realized that at some point in my business once we have something, that's scalable and predictable. And we wanna grow at faster with some funding. What are some other options out there that people can look towards? Question. So if I'm starting to business today, I think my options are one I try to bootstrap. It bootstrapping is building your business with your own cap. Dawn cash flows. That's always that should always be option. Number one. You end up owning your entire business, which is kind of holy grail. Right. If you realize, hey, you know, there's a lot of competitors. Or I wanna really step on the gas and go quicker, and I need capital. There's a couple of ways to get capital. I as you could try to look for small business loan, and that's obviously again, you're not getting away quickly, but that comes with more complicated. Terms etcetera payback period. You could go a crowd funding round. So using something like Kickstarter into gogo and help crowd source in in crowd on your project. Again, you're giving away the end product versus equity. Another another option, although can be very difficult. And then your third option is kind of venture capital, right, which is selling part of your business for an investment and within the venture capital bubble. It's gonna dive into that thread a little bit deeper. There's a bunch options for you. So when you start off as you mentioned, some of them most potent upraising of France, friends and family around and so that could be one hundred to five hundred K from friends and family, even be smaller. And that really just gets you from to an MVP at that point a lot of folks do one of a couple of things you might go into an accelerator incubators something like y combinator Techstars where there's a bunch of article is incubators accelerators set up today, and those can be great feds. Let's say you're a hardware company. Or something like that. If you want to skip that route. Then you're got go to angel investors angel investors rights larger checks their little bit more institutional than friends and family around my the hundred two hundred fifty thousand dollar range. And then once you've of graduated in that stage, you're in the seed stage venture, capital and state venture. Cafe was actually what Susa ventures does. So we're investing in rounds of about two million dollars will invest kind of five hundred seventy. And we're investing in people that have a product that products and market, you have a little bit of revenue, but you really want to get the gas pedal going on that product. And so that's kind of the stage in which we we invest, let's kind of your your different options as you start a business perfect. I appreciate it with breaking that down his brother because that's like, I guess the disease of how you can go and find funding depending on where you're at co founder and partner of Susa ventures. Chad Myers joining us right now, we're here to inspire inform and connect a community of entrepreneurs. I'm Mark lack on Business Rockstars, Chad. So when should somebody, you know, we talked about when somebody should go after funding. But I wanna know when somebody knows it's the right time to get funding because we talked about that for VC's. But we didn't talk about that in general. You said yes, most people should probably avoid funding in bootstrap it. But when does somebody know that it's time to no longer bootstrap it and they should scale because there is a fine line. And I feel like there's companies out there that are really sitting on something that's profitable, scalable. And predictable. But maybe for a lack of variety of reasons, they don't know that it's the right time to go after funding or maybe they don't know how to go about getting the funding. No, that's a great question. And I think there's a couple of different answers here. And there are a little bit nuanced. But I think the reality is actually something you just said in a piece of what you said, which is kind of when everything's working. Right. So if you're sitting out there, you built a product over the last couple of years and things are going. Well, you're growing the business. It's a big market and potential the potential for the product is really huge. You wanna make sure that everything is in order and the way I like talking about venture capitalist gasoline. Right. So you wanna poured gasoline on the business once you're ready to really go. Right. And to me what that means is my team is in place, and I know who I need a higher. So the core components have a great management team in place. But I could really use a couple of extra hires that would really dip into our burn and our costs. But we had those we could really expand the business the products working. It's it's fundamentally proven from a unique onomic standpoint. Right. So you're paying back your acquisition cost in your LTV, solid. And your new dinette economics are really in place. You have a deep understanding of the market and where your product and business fits into that market. You haven't deep understanding of the competitive landscape. And while you why your business was seed. If you poured one five ten million dollars on top of it. And if you really have all those elements ready to go, you're ready for venture capital or an outside investor because when you go pitch those folks, all those different elements are elements are going to dig onto right team, product market, competition, etc. And when you when you are internally Iranian shows questions, you're going to get PC's divine on that vision. Perfect. I appreciate you breaking down venture capital for us. Thanks for coming on the show. I'm Mark lack on Business Rockstars connecting a community of entrepreneurs. Join us on Facebook Twitter and online at Business Rockstars dot com. Was information is given with the understanding that neither the host station..
"hundred million billion dollar" Discussed on 860AM The Answer
"And we're back with fear and what we've learned the Reader's Digest version. As I said before we went to break, President Trump really does clearly recognize the importance that China plays in solving the North Korean issue. If that issue is soluble at all. At the same time. He sees China as a predatory trader he doesn't as clearly as Mattis has articulated. See China's growing military threat as well. The president really would love to just pull out it Korea. And in two separate parts of the book. President secretary Mattis has to explain to President Trump that the one point two billion dollars doesn't seem like a lot when we're about to have a trillion dollar deficit that we that class has to have twenty eight thousand troops in Korea not including their salaries, which we'd be paying anyway. Is is the best bargain ever? Because what does it give us the twenty eight thousand troops? Give give you and me. Protection, they're part of the nuclear umbrella that protects us because if God forbid, he missile were launched aggressively. Well, if a missile is launched period. We know within seven seconds if that missile what had hostile intent toward the United States Japan Hawaii, which is part of the United States et cetera. The fad missile batteries that are there right now could be deployed to destroy that missile. If we didn't have that capacity in South Korea. It would mean fifteen minutes after launch we would I detect a missile as it was approaching Alaska. And we would not be able to deploy an effective early. Anti-missile defense. So the presence of twenty eight thousand troops listening twenty four hours a day seven days a week three hundred sixty five days a year. It is an insurance policy for you. And I. That a North Korean missile? God help us could not be launched without being detected within seven seconds. So Mattis puts it quite simply in in Woodward's book and in quotes. So somebody is hurt him say, it the reason we have troops in South Korea is to prevent the outbreak of World War three, and I'm all for preventing the outbreak of World War three as I'm sure you are. But that's different from a five hundred million billion dollar a year trade deficit the presidencies that trade deficit as negative as as something that the Korean should didn't have to pay us four. Defending what is really the defense of the free world and the United States and his advisors have struggled mightily to prevent him from unilaterally tearing up the Korean free trade agreement that we have with Korea as Gary Cohn points out, and Gary is a pretty astute economist, and he has a lot of and most economists agree with him. The fact that you can buy a television set for two hundred and forty five dollars. Now, you can buy even a smart television set for about three hundred dollars means that you have more disposable income for more types of services..
"hundred million billion dollar" Discussed on BizTalk Radio
"Zero seven today Welcome back. To Business, Rockstars go to Mark lack So what is? Venture capital and how can you benefit from it we're here to. Inspire and form and connect a community of. Entrepreneurs I'm Mark lack in this is Business Rockstars joining, us today. To answer that, question is our guest Chad. Buyers. He's the co founder and partner at Susa ventures Chad is a pleasure. To have you brother All, right so break it down. For. Us from the basics what is venture capital Yes I think venture capital is investing capital in, private businesses ideally and usually ones, that are, very early stage high element of risk helping those businesses get off ground build products sell that product and eventually build a self sustaining business that can go on to either operate independently go public. Or get acquired and not as kind of the core elements of of venture capital so when is the right time for somebody to go after a venture cap- venture capital fund or? How do they know. If a VC firm is even the right option for them it's really fantastic question so I think the most important thing to say not a lot of BC status and. More should. Be said about it is not every business is. Fit for enter capital The reality is venture capital is a perfect fit for businesses that have very. High ceiling so that is a really high potential outcome so companies. Built in a massive market that could eventually become a hundred million two hundred million five hundred million billion dollar multi billion dollar company is more ideal for venture capital based. On, the kind of the needs that venture capitalists have invested, in, the venture capitalists funds it should be said that the majority of, businesses are probably better off without, venture capital, venture capital puts a lot of stresses on business there's expected outcomes over expected amount of time reality is that a lot of companies and a lot of great businesses that make America you're SMB's. And businesses like that actually are probably better off being self sustaining businesses businesses that grow at their cash flows and donate seek venture capital so it's kinda Heidel the framework and how? To think about it. If your product is something that requires pretty substantial upfront investment that it'll be really hard because you don't have cash flows to get debt or some other facility and your Your businesses potentially be really really large companies and venture capital be the right. Fit for you okay so what are some of different options out there I know we've got incubators we've got angel investors we've got crowdfunding crowdsourcing I just named a few of them but what are some other options out there that people can do so they say great so I'm. Looking for funding or I realized that at some point in my. Business once we have something that's scalable and predictable and we want to grow at faster with some funding what are some other options out there that people can look towards It's your, question, so if, I'm starting a business today I think, my options are one I try to bootstrap it who's dropping is. Building. Your business with your own cap dawn cash flows? That's always should always be. Owning your entire business. Which is kind of. The holy grail right if you realize, hey you know there's a lot of competitors wanna really step on? The gas and, go. Quicker and I need capital, there's a couple of ways to get capital I that, you could try to look for small business loan and that's obviously again you're not getting away equity, but that comes with more complicated terms etcetera and say payback period You could go a crowdfunding route so using something. Like Kickstarter into, gogo, and help crowdsource in crowd, on your project again you're giving away, the, end product, versus equity Another another option although can be very difficult and then your third option is. Kind of venture capital right which is. Selling part of your business for an investment and within the, venture capital bubble kind of, dive into that a. Little bit deeper there's a bunch of options for you so when you start off as, you mentioned some of them most folks raising of France friends and family around, and so that could be one hundred to five hundred k. from family feed be smaller and that. Really just gets you from kind of an MVP at that, point a lot of folks do. One of a couple of. Things you might go into an accelerator incubator something like. Y combinator Techstars verticalised incubators accelerators. Set up today and those can be great feds let's say you're hardware company you. Might, go to bolt PC or something like that If, you want to of skip that route then you go to angel investors angel investors, rights larger checks their little bit. More institutional than friends and family around. My rate in the two hundred fifty thousand dollar range and. Then once you kind of graduated in. That stage you're in, a seed, stage venture capital adventure cafe was actually what two, semesters does so we're investing in rounds, of about two million dollars. Will invest five hundred seventy decay and we're investing in, people? That have a product that products and market you have a little bit of revenue but you really want to get the gas pedal going. On that product and so that's kind. Of stage in which we we invest let's kind of the, different options as you start, a business perfect I. Appreciate you breaking that down for his brother because that's like I guess the eighties ease, of how you can go and find funding depending on where you're at co, founder and partner of Susan ventures Chad buyers is joining us right now we're here to inspire inform. And connect a community of entrepreneurs I'm Mark lack on Business, Rockstars Chad so when should somebody. You know we talked about. When somebody should go after funding but I wanna know When somebody, knows? It's the right time to get funding because. We talked about that for b., but we didn't talk about that in general, you said that yes most people, should probably avoid, funding in bootstrap it but when does somebody know that it's time to no longer bootstrap it and they should scale because. There is a fine line and I feel like there's, companies out there that are really sitting on something that's profitable scalable and predictable but. Maybe for a lack of variety of reasons they don't know that it's the right time. To go after funding or maybe they don't know how to go about. Getting the funding right now that's a, great question and I think there's a couple of different answers here and. There a little bit nuanced but I think the reality is. Actually something you just said in a piece of what you. Just. Said which is kind of when everything's working right so if you're, sitting out there you, built the product over the last couple of years, and things are going well you're, growing the business big market and. Potential the potential for the product is. Really huge you wanna make sure that everything is in order. And the way I like talking about. Venture capital is gasoline, right so, you wanna pour gasoline on the business once you're, ready to really go Right and to me what that, means is my team is in place and I know who I need a higher, so ended core components had a great management. Team in place but I could really use. A couple of extra hires that would really dip into our burn and our cost we had as we could. Really? Expand the business the products working it's it's. Fundamentally proven from unique onomic standpoint Great so you're paying back your acquisition costs and your, TV is solid, and you're in economics are really in place You have a deep understanding of the market and where you're product and business, fits into that market you, have a deep understanding of the competitive. Landscape. And while you why your business would succeed if you poured one five ten million dollars on top of it And if you really have all, those elements ready to go you're ready for venture. Capital or. An outside investor because when you go pitch those. Folks all those different elements are. Elements are going to dig onto right team product market competition etc and when you when you are. Internally Iranian questions you're going to get VC's divine on that vision perfect brother I appreciate you breaking down venture capital, for, us thanks for coming on the show Thanks, for.
"hundred million billion dollar" Discussed on BizTalk Radio
"Building a massive market that could eventually become a hundred million two hundred million five hundred million billion dollar multibillion dollar company is more ideal for venture capital based on the, kind, of the needs that venture capitalists have in the invested, in, the venture capitalist funds should be said the, majority of businesses are probably better, off without venture capital venture capital, puts a, lot of stresses on business there's expected outcomes over expected amount of time reality is that a lot of companies and a lot of businesses that make America and you're SMD's and businesses. Like that actually are probably better off being self sustaining businesses businesses that grow at their cash flows and donate venture capital so it's kind of a high framework and how? To think about it. If your product is something that requires pretty substantial upfront investment that it'll be really hard because you don't have cash flows to get debt or some other facility and you're And your businesses potentially be really really large companies and venture capital be the. Right okay so what are some of different options out there I know we've got incubators we've got angel investors we've got crowdfunding crowdsourcing I just named a few of them but what are some other options out there that people can do so they say great so you know. I I'm looking for funding or I realized that at some point in. My business once we have something that's scalable and predictable and we wanna grow at faster with some funding what are some other options out there that people can, look towards Question so if I'm starting business today, I think my options are one I tried to. Bootstrap. It who's dropping is building your business with your? Own cap Bon cashflows Mets. Always end up owning. Your entire business which. Is kind of holy grail right if, you realize hey you know there's a lot of competitors wanna really? Step on the gas. And go quicker, and, I need capital there's, a couple of ways to get capital I that you, could try to look for small business loan and that's obviously again you're not getting equity but, that comes with more complicated terms etcetera and obviously a payback period You could go a crowdfunding route so using something like Kickstarter. To go and help, crowd source in in, crowd on your project again you're giving, away. The end product versus equity That's you know another, another option although can be very difficult and then your. Third option is kind of venture. Capital right which is selling part of your business investment and, within the venture capital level, it's gonna dive into that thread a little bit deeper there's a bunch options for you so when you start, off as you mentioned some of them most folks raising. Of France friends, and family around that could be. One hundred to five hundred k. from friends and family feed me smaller and that really just. Gets, you from to an MVP at that point A lot of, folks do one of a, couple of things you might go into an accelerator incubator something like y combinator Techstars more vertical is incubators accelerators, setup today and those can be great fed say you're a hardware company Or something like that If you want, to skip that route then you're gonna, go to angel, investors angel investors rights larger checks their little bit more institutional than friends and family around in my rate in the hundred two hundred. Fifty thousand dollar range and then once you kinda, graduated from that stage you're in a seed stage venture capital and seats adventure guy was. Actually what mentors does so we're investing in rounds of about two million dollars will invest. Five hundred seventy decay and we're investing in people that had a product. That products and market you have a, little bit of revenue but you really want to get the gas pedal. Going on that product so that's kind of stage in. Which we we invest let's the different options as you start a business practitioners with breaking that down because that's like I guess the ABC's of how you can go and find funding depending on, where you're at co founder and. Partner, of Susan ventures Chad Myers..
"hundred million billion dollar" Discussed on KNX 1070 NEWSRADIO
"Is to fight childhood obesity and diabetes when you look at the advertising particularly to low income communities spanish speaking communities we're up against hundred million billion dollar advertising campaign but state senator joel anderson says the measure actually would hurt poor families parents and i trust poor parents to know what's best for their children in this bill simply says that parents aren't capable of raising their children that's why big government needs to tell them they can only have milk and water under the bill parents would still be able to order juice punch or soda for their child they would just have to request it karen adams canucks ten seventy newsradio see fire thirty and sheriff's department say they're hammering out the details of an agreement that could end the turf war over a helicopter search and rescue mission the agreement is expected to address the majority of public safety concerns raised in new oc grand jury report which was released after two years of jurisdictional feuds between airborne firefighters and sheriff's deputies show you guys brian fantasy says those types of disagreements won't happen anymore issues get resolved because we come together we identify what were you have similarities and differences and he says the new agreement will allow the two agencies to work collaboratively not competitively details will be announced soon the grand jury also recommend setting up a regional council for emergency air operations to prevent further infighting cooper rummell knx ten seventy newsradio a new survey finds twenty one percent of americans say that they've experienced sexual harassment at work twenty seven percent of women fourteen percent of men say it's happened to them woodland hills attorney lisa bloom tells connects she thinks that number is low partly because people still don't understand what constitutes harassment people think it only means being assaulted and of course sexual harassment can be a year in that people feel uncomfortable and overly sexualizing workplace i've heard that vast majority of women say that they have been sexually harassed in the workplace at some point in their professional careers only one in four the women surveyed by edison research at that they feel confident that they could report harassment without fear of retribution one of the busiest streets in the san fernando valley you're going to close to cars and trucks is sunday as the twentysix addition of sick levin returns to panorama city our leader and walkers and bicyclists will meander down the four mile stretch of venice boulevard sick levin executive director tells us more than just exercise involved were male squall says at the event brings the community together who you are where you come from what you know social leanings you may have you know we're all one big community and you begin to realize folks are talking to each other and they've never met each other and that's what l a is all about there will be also hubs along the route with things like.
"hundred million billion dollar" Discussed on KNX 1070 NEWSRADIO
"Is to fight childhood obesity and diabetes when you look at the advertising particularly to low income communities spanish speaking communities we're up against hundred million billion dollar advertising campaign but state senator joel anderson says the measure actually would hurt poor families and i trust poor parents to know what's best for their children in this bill simply says that parents aren't capable of raising their children that's why big government needs tell them they can only have milk and water under the bill parents would still be able to order juice punch soda for their child they would just have to request it karen adams canucks ten seventy newsradio see fire thirty and sheriff's department say they are hammering out the details of an agreement that could into turf war over helicopter search and rescue missions agreement is expected to address the majority of public safety concerns raised in a new oc grand jury report which was released after two years of jury feuds between airborne firefighters and sheriff's deputies back you guys can thorny chief brian fantasy says those types of disagreements won't happen anymore with issues do get resolved because we come together we identify more where we have similarities and differences and he says the new agreement will allow the two agencies to work collaboratively not competitively details will be announced soon the grand jury also recommend setting up a regional council for emergency air operations to prevent further infighting cooper rummell knx ten seventy newsradio new survey finds twenty one percent of americans say they've experienced sexual harassment at work twentyseven percent of women fourteen percent of men say it's happened to them woodland hills attorney lisa bloom tells canucks she thinks that number is low partly because people still don't understand what constitutes harassment i think it only means being assaulted and of course sexual harassment can include behavior that are verbal that make people feel uncomfortable and overly sexualizing workplace i've heard that the vast majority of women say that they have been sexually harassed in the workplace at some point in their professional careers one in four women survey by edison research said they felt confident that they could report harassment without fear of retribution one of the busiest streets in the san fernando valley will close to cars and trucks is sunday as a twenty six edition of sick levin returns to panorama city our leader and bitcoin walkers and bicyclists will meander down a four mile stretch of n is boulevard sick executive director tells connects exercise more than just exercise involve were malpensa squall says the event brings the community together who you are where you come from what you know social leanings you may have says you know we're all one big community and you begin to realize folks are talking to each other and they've never met each other and that's what la is all about it will also be three hubs along the route with things like rock climbing walls food trucks and giveaways happening sunday from nine am until four pm on van nuys boulevard between roscoe and san fernando road it's one twenty time for your money pot smoking patio at.
"hundred million billion dollar" Discussed on KNX 1070 NEWSRADIO
"Bill monning says the bill is to fight childhood obesity and diabetes when you look at the advertising particular early to low income communities spanish speaking communities we're up against hundred million billion dollar advertising campaign but state senator joel anderson says the measure actually would hurt poor families cross appearance and i trust poor appearance to know what's best for their children in this bill simply says that parents aren't capable of raising their children that's why big government needs to tell them they can only have milk and water under the bill parents would still be able to order juice punch your soda for their child they would just have to request it karen adams canucks ten seventy newsradio the supreme court made a ruling on privacy it's about police using cell phone data to track you the five to four ruling says police generally need a warrant for missing from judge to use cell phone records to plot someone's movements privacy advocates see it as a huge win but what about the ease the speed of investigations for them that much at all you can get a telephone search worn fifteen or twenty minutes there's always a judge on duty twenty four seven to do that for you timothy williams junior retired lapd and police procedure expert he says he thinks this kind of data really would need warrants anyway the detectives in the case that went all the way to the high court to sell carrier data with no warrants it was an easier way sometimes some laziness sometimes there's there's a lack of training and williams says if you cut corners you can end up losing a case in course that way mike simpson knx ten seventy newsradio all throughout the lapd officers are remembering the late police commission president john mack as someone who really worked for positive change insurer the sandos vice president of the l a police protectively new john mack for almost thirty years he helped her get a job as a teenager and later encouraged her to join the department y'all was made it a point she said to take into account the views of the rank and file officers you always had lapd officers in mind as well as the community the best interest of both incoming chief of police michael moore worked with mac for years as he sat on the commission and had his last talk with him only four days ago seeking some guidance for his task ahead mackey said never lost the talent of people to think unconventionally and with compassion he was always a humble man and one that while thoughtful also encouraged others to be thoughtful and to look at the issues at hand in a manner that maybe wasn't there first impulse others describe jon mcentee man who was willing to talk with people to overcome differences of opinion with the ultimate goal of improving the lapd and the city it served pete demetrio knx ten seventy newsradio there's a new survey out and it finds it twenty one percent of americans say they have experienced sexual harassment at work twenty seven percent of women fourteen percent man say it has happened to them within hills attorney lisa bloom tells can she thinks that number's low partly because people still don't understand what constitutes harassment people think it only means being assaulted sexual harassment conclude behaviors that are berthel people feel uncomfortable and overly sexualizing workplace i've heard that the vast majority of women say that they have been sexually harassed in the workplace at some point in their professional careers one in four women surveyed by edison research said they felt competent report harassment without fear of retribution now some film producers are eager to hear from l as mayor joan doniger has your money national association of latino independent producers thinks the timing could not be better for mayor garcetti's keynote address at its annual summit the group's executive producer says the current political climate as well as the push diversity on and offscreen in light of recent studies from ucla and usc showing the need make the emphasis on that message right on target a lack of racial awareness that's the reason netflix ceo reed hastings says he fired communications chief jonathan freedland the hollywood reporter says hastings told netflix employees memo he got reports of freelance quote descriptive use of the n word hollywood studios are apparently worried they won't get as big a cut of sales from amc's new movie pass like subscription plan the wall street journal says the studios are watching to see how sales go it could push for changes the dow got a jolt of energy from energy shares rose one hundred nineteen points the.
Netflix communications chief out after "insensitive" remark
"Says the bill is to fight childhood obesity and diabetes when you look at the advertising particularly to low income communities spanish speaking communities we're up against hundred million billion dollar advertising campaign but state senator joel anderson says the measure actually would hurt poor families parents and i trust poor parents to know what's best for their children in this bill simply says that parents aren't capable of raising their children that's why big government needs to tell them they can only have milk and water under the bill parents would still be able to order juice puncher soda for their child they would just have to request it karen adams kennex ten seventy newsradio the oc fire authority and sheriff's department say they're hammering out the details of an agreement that could end a turf war over helicopter search and rescue missions the agreement is expected to address the majority of public safety concerns raised in a new oc grand jury report which was released after two years of jurisdictional feuds between airborne firefighters and sheriff's deputies you guys authority chief brian fantasy says those types of disagreements won't happen anymore issues do get resolved because we come together we identify what were we have similarities and differences and he says the new agreement will allow the two agencies to work collaboratively not competitively details will be announced soon the grand jury also recommend setting up a regional council for emergency air operations to prevent further infighting cooper rummell knx ten seventy newsradio twenty one percent of americans say they have experienced sexual harassment at work it's in a new survey it's his twenty seven percent of women fourteen percent of men say it's happened to them woodland hills attorney lisa bloom tells can she thinks that number is low partly she says because people still don't understand just what is harassment people think it only means being assaulted and of course sexual harassment conclude behavior that are verbal people feel uncomfortable and overly sexualizing workplace i've heard that the vast majority of women say that they have been sexually harassed in the workplace at some point in their professional careers only one in four women of the women surveyed by edison research said they felt confident that they could report the harassment without fear of retribution the lapd praises civic leader john mack who's died at eighty one that's coming up in just a couple of minutes immediate executive is out for using racist language joan doniger checks your money netflix ceo reed hastings sent a memo to the company explaining exactly why communications chief jonathan freedland was fired hollywood reporter says hastings cited freelance descriptive use of the n word in a meeting with his team is showing an unacceptably low racial awareness earlier this week intel ceo resigned for violating company policy after an investigation found he had had a relationship with an employee the weinstein company may be going at a bargain price it's cut the sale price to lantern capital partners for the.
"hundred million billion dollar" Discussed on KNX 1070 NEWSRADIO
"Is to fight childhood obesity and diabetes when you look at the advertising particularly to low income communities spanish speaking communities we're up against hundred million billion dollar advertising campaign but state senator joel anderson says the measure actually would hurt poor families and i trust poor parents to know what's best for their children in this bill simply says that parents aren't capable of raising their children that's why big government needs to tell them that can only have milk and water under the bill parents would still be able to order juice or soda for their child they would just have to request it karen adams kennex ten seventy newsradio gone are the days when police could just go to the phone company and did not need a warrant to get a record of numbers you've dialed the supreme court of the united states has ruled today that officers generally need a search warrant if they want to track suspects movement through smartphones location tracking ability ucla make that aclu attorney nathan weschler tells knx it's important and ruling on privacy in this digital age every american virtually carries a cellphone we carry them everywhere we go and our cell phones create a pervasive and detailed record of where we go and who we spend time with what we do throughout each day that data is more sensitive it's unprecedented and it requires protections still we'll be able to get the information they need without a warrant in emergency cases where lives are at stake some victims of former sports dr larry nassar voiced their anger today after the michigan state university board of trustees stood by.
Alex Wirley explains the secrets of health and entrepreneurship
"Business rockstars i'm alex wirley welcome to the show joining me right now the ceo and founder of a care hawaiian volcanic water ryan and men's thanks for being here so if you could start off by giving us an overview of your entrepreneurial journey i know that you started this business pretty much right out of college so really what was the catalyst restarting it just so we relaunched graduated early with my cofounder to launch a full time when we were about twenty one and so you know we it actually was originally an entrepreneurial entrepreneurial project we are in the undergrad program at usc specifically there's an entrepreneur program and it's called the loyd gripes center entrepreneurial studies so i had actually started working on this concept when i was a freshman so went through feasibility classes is spend classes and eventually thought that we had kind of a resonating lifestyle brand that could actually create some really positive disruptive industry change in terms of our environmentally packaging environmental packaging our social message i give back component so our goal is really to create a carbon neutral fiji needs tom shoes so tell us a little bit more about the brand and how it's disruptive how do so i mean our our platform is based on live healthy lives sustainably live ethically so it starts with the water itself which is kind of important so it is actually filtered through about fourteen thousand feet of poor spokane rock through the modelo volcano on the big island and that unique filtration process enriches it with these trace minerals mates it naturally alkaline electrolyte rich daily recommended intake of silica really good for your hair your skin your nails and has a really smooth mouth feel so starts with water but then the sustainability part is we were the first major premium water brand one of the beverages actually in the country to use one hundred percent our pet so what that is is our bottles are actually post consumer recycled bottles so we basically have a ninety five percent smaller carbon footprint than ever bottle that you see out there and then we all set the entirety of our logistics through originally forestation programs our facility runs off thirty three percent minimum blind energy and then the last component which is super significant is for every leader that you buy we donate a week's five clean water to people in need in malawi africa and we also donate an extra two percent of revenue towards local nonprofits in hawaii fostering education conservation so the lot the paints a good picture to start with so since you're an entrepreneur how would you define entrepreneur and really specifically what it takes to be successful entrepreneur nursing and definitely stresses you out but it it it's all worth it to the i haven't right now i have a huge conviction in my company and the brand that we built but you know we we have a lot more to do and you know when when you're growing so fast you know that comes with it a new set of complexities in terms of you know you know needing the right amount of cash making sure you have the right systems operating programs and so you know these are all things that keep me up at night right now so exciting to deal with all of because there are a lot of highs and lows is an entrepreneur so i think it comes down to have you really good personal life because if you really if you have a really stressful work life you have a lot of things going on at home you know that just gonna mentally you're just going to be exhausted so for me it's making sure that i am spending enough time with my girlfriend my family my dog my friends cutting off so like saturdays are always mind sunday's usually work like half days but you know that's really the recipe symbolic maintaining the balance xactly so a lot of entrepreneurs they transitioned from working a nine to five to being an entrepreneur and that's a really scary transition year in a unique position because you really starting college i think that there are a lot of benefits to going in a very competitive industry very naive you know i like if i had any industry experience in beverage i'm actually not sure i would have i'm not sure if i would have started why because it would have seemed like there were so many barriers to entry and i would have talked to so many people that would have told me you're crazy and you know i think having an idea that i knew as disruptive that i was doing enough focus studies in enough feasability where i felt like we could change the industry and kind of holding onto that and then secretly things out as they come obviously we made tons of mistakes but it got to a point where we realize we did have something and we could do it and i don't think we would have ever been able to get that far if i had had some experience prior because i was coming in with just so much energy ignorance is bliss and ignorance is a lot of naievety my advice would be to put together an amazing advisory board people that have done it before not just people that have experienced with big beverage the very successful companies that are doing tens of millions of dollars hundreds of millions of dollars but people that have donna from the from the getgo you know so we can talk about the honest gee guys you can talk about all of the coconut water guys that started from scratch from nothing and grew the brands to become multi in one hundred million billion dollar brands because they've actually been through every single stage not just the later stage and so you know we eventually put an advisory board together but it wasn't until about two three years in where it was one that was super super relevant doing john lennon and he's also an investor he's been amazing his his advice has always been i talk to him every day and he's always helped me stay really positive but another thing you know one of his best quotes is just the little bit dark but higher slow on fire fast that's about it all the time i'm here so that's like you know i mean i wish i had really dove in and early on and started researching investing into techniques like top grading and things like that he really helped me figure that on and so basically it minimizes the possibility of you hiring a b or a c player and maximizes the probability of you hiring a player and you know the problem is a lot of entrepreneurs thing is someone that it's one and they don't realize the hiring the wrong person is actually gonna cost them five to ten times that person's salary if they're not the right person and so we have to get back to okay let's have like a goto business structure and protocol for hiring and that's going to enable us to have a bad ass team what's going to push a sport a lot quicker but it's the best and worst part about working for yourself best part is a flexible schedule for sure and being able to kind of pick the projects that i can help and work on and really spearhead and kind of having my own level of autonomy the worst is that you feel like you have the weight and the responsibility of all your employees your team investors your friends and family in this case originally brought in a lot of friends and family and your and your partners when you're making tough decisions which you often have to do you research you go with your gut deep talk it out what's kind of your decision making process having context but there's a lot of times when you're in a really fast run company that just really don't have time to sit and wait around like a lot of other people would like depending on the personality types and so nine times at a time when i trust my gut students in the right direction but but we're gonna take a quick break when we come back we're going to talk more about building business we are the biggest entrepreneur platform on the planet this business rockstars
"hundred million billion dollar" Discussed on Motley Fool Money
"In the past i've said apple now i'm leaning amazon coming up i was the war on cash going we'll check the latest results from two of the biggest warrior's stare at here this is motley fool money welcome back to montlake woman chris hill here in studio jason moser david craftsman jeff fisher you can catch motley fool money every weekend on radio stations across america happy to welcome a brand new affiliate w n t k ninety nine point seven fm in new london welcome shout out to the granted state shares of visa hitting an all time high this week after second quarter profits came in higher than expected they also raised guidance and jeff visa they're not going to get to a trillion i but they are closing in on a market cap of nearly three hundred million billion dollars they are and even at that size they grew revenue thirteen percent and they grew earnings per share thirty percent year over year now ten points of that was thanks to the new tax law so without that they grow around twenty percents still really impressive for the whole year they expect earnings per share to grow in the high twenty percent tile range the stock trades at that same multiple to earnings so it looks reasonable what's happening chris economic activity is continues to picked up around the world plus cash continues to get eaten away by by credit card usage and there's been a lot more crossborder economic activity which is high margin even higher margin for visa and mastercard and there's india.
"hundred million billion dollar" Discussed on BizTalk Radio
"The top talent and it's not just about you know the talent there's there's also a kind of projects you work on what kind of environment are creating a we like to consider ourselves to be at the forefront of building a new type of company culture that's unlike virtually anything else that's out there so if you had to completely start already had no money at all you couldn't get into spaceships currently in was based would you wanna get into them the only difference i would probably say robotics robotics is going to be really fascinating in particular the social robotics if you look at there's a coming called blue cross robotics i was looking at that makes a relie called buddy either someone one made by samsung all of these robots that will kind of us it's easily arched detail right like they're they're going to making what are tricky to is and i think those are actually gonna be part of our lives over the next ten years so i i would say robotic system system i invest in ira live and there's so much cool stuff happening in the robotic space that on that if you're not like kind of peeling back the layers sing or its headed where do you see virtual reality added in some of the most exciting spaces gaming obviously the adult industry obviously what other areas see virtual reality that maybe because you're the person's space others haven't thought because that's those are maybe million hundred million billion dollar she faces each individual one what is the ones that are thinking about the drummer of i think educations huge you put a hadman display on a 10yearold 12yearold and have them experienced something with new eyes in a way they haven't done so before culture and and things like that yeah just and to me education is is all about it initially getting someone interested in something they just.
"hundred million billion dollar" Discussed on WTMJ 620
"That this is because this this story broke while i was unveiled haitian the minute i saw it i thought now this is something i just i want to discuss with with you here's the way the washington post reports for decades americans like knee and eric those that had been told that area 51 didn't really exist and that the us government had no official interest in aliens were you statements to the contrary officials sounding people cautioned were probably the musings of crackpots in tin foil hats or the washington post rights score one four the crackpots week or so ago the pentagon officially confirmed that there was in fact a twenty two milliondollar government program to collect and to analyse anonima anomalous aerospace threats which is government speak for you f oats the program ran from about two thousand seven to two thousand twelve what happened was the the defence budget is about six hundred billion b as in billion dollars this was twenty two million dollars which was the program they called it the advanced aerospace threat identification program an on twenty two million box which was stuck in this six hundred million billion dollar defence budget so it was almost impossible to five which is how the pentagon wanted it but four years the program investigated reports of unidentified flying objects uh it was run by a military intelligence official on the fifth floor of the pentagon defense department never acknowledged the existence the program before about a week or two ago on but people say that while the funding for this effort has ended the program remains in existence and there are people with the program who have continued to investigate episodes brought to them by service members harry reid who used to be the senator from was of course the majority leader in the senate he was from the vodka which is were area fifty one years he was that the guy that was responsible for you know it was largely funded at his request and he apparently long had an interest in space phenomena um and there is a number of people out in nevada who are in the courting the story i'm looking at now continue to be absolutely convinced that aliens exist and that ufos have visited the earth uh harry reid um who retired from congress of course he says he's proud of the program i not embarrassed reshaped or sorry i got this thing going i think.
"hundred million billion dollar" Discussed on BizTalk Radio
"In charge a new business development and most most importantly managed advisory services he was on with this last week we had such a response to him that the folks from armed forces radio of asked me to do it in view with him out that the network wants to monitor gannon now i've got the folks over at fox business will reappear wanted to talk to me and he joins us once again like stolen for another half hour ignored all started to honor his legs dilma treasury john how are you sir the only pleasure to be honest you're really you know it's good as long as russ doesn't say much when rust email starts i am here learn medalist i learned from the best janet gone k john we didn't get a job i wanna talk about the public markets i wanna talk about public venture capital i want to talk about that side of things before though we didn't get a chance last time you're on the air with us to talk about trends mergers trends mergers is is is a you're you're transverse acquisitions business models very interesting and your moniker on your website says as our tv audience can see we create opportunities talked about trends for a second trans actually force you and your will for it was by far the earthquake clinton wailing back in two thousand two some here and what he did it essentially is a source out not hopeless generals we call girls a public influ flowiqx company and we will urge or he would at that time the right capitalisation in place zhu replaced youth lawyers accountants cornerback the deal and the mom away and it's good business grew to gross march so that speaks for itself in reverse italy's lewis merger basically as when you're taking a privatelyheld company and you are reverse merging it into an existing shell that has now defunct than that and john the idea behind that isn't it saves time and money as opposed to doing an ipo well of course you're active area investment bank you can always say they are sorry mark yeah and it got all the expenses associated with it and then y'all work but work swaraj fifty million hundred million billion dollar offer you don't you get down to that level where you you've got a a small company with a great idea and management fooled through the cracks salih i feel the name of the company is trends mergers dot com his name was john du consisted managing partner.
"hundred million billion dollar" Discussed on WPRO 630AM
"The political discourse do you have any idea how many times of day i hear a politician say something and i said there go all god they say the same thing about each other during the same thing the surrogate mute we are pelosi i don't know what the hell she was talking about is that he pulls you since she celtics on the wrong with her but she's got live here on this victory lap you probably have to put on air france so you can blackout the pleas of faith leader speaking up for hardworking americans found what was she at work here are you she sang pleasure on this victory laughter you probably have to put on an air france so you can block out the please the faith leaders speaking up for hardworking americans sam the pleas of what leaders briefly lose 50 years or freak leaders i dunno and i know you're gonna put on your headphones because the pleas of the leaders is that what it is speaking up on people's behalf hymns and all the context that is when i heard that early today that he's on what the hell she saying those who she's got night gum he's adopted like the madonna acts in all of a sudden but are they would've those things where these the i have i saw today report liberte desk him republican congressman did you read the tax bill like i know what's in it i haven't read the whole thing yet absolutely i go they don't even read their past the boat without reading it some familiar moody you folks and then they're talking about the the deficit howard route blows up the federal deficit this anybody care about the federal deficit at all if the united states congress as careful to federal deficit how are you supposed to carol the federal deficit the president doesn't care about the federal deficit deficits what at this point the national debts like fifteen trillion eighteen trillion uneasy eighteen trillion uh with is verging on twenty the deficit believers like six hundred million billion dollars so we spend more every year they at six hundred billion dollars more than uh than we actually taken you know if you get some economic growth supposedly that'll dettlement mitigate that but his anybody out there listening have.
"hundred million billion dollar" Discussed on BizTalk Radio
"To think about i think that there are a lot of benefits to going in a very competitive industry very naive um you know i if i if i had any industry experience and beverage i'm actually not sure i will tell it i'm not sure if i would it started by a cab because it would have seemed like there are so many barriers to entry and i would have talked to so many people that would have told me you're crazy um and you know i think having an idea that i knew was disruptive that i was doing enough focus studies and analyses ability um where i felt like we could change the industry and kind of holding on to that and then seagoing things out as they come obviously we made tons of mistakes um but it got to a point where we realized we did have something that we could do it and i don't think we would have ever been able to get that far if i had had some work experience prior because i was coming on with just you know so much energy ignorant as blessed and ignorance lack a lot of night of its south so i take me back to those first few months what advice would you offer early entrepreneurial south on my advice would be to put together an amazing advisory board uh people that have done it before not just people that have experienced a big beverage uh the very successful companies that are doing tens of millions of dollars hundreds of millions of dollars but people that us done it from the from the get go you know so we can talk about the honest you guys you can talk about uh all of the coconut water guys that started from scratch from nothing and grew the rand's to become by in one hundred million billion dollar brands because they've actually been through every single staged not just a later stage um and so you know we eventually put a an advisory board together but it wasn't it's all about two to three years and where it was one that was super super relevance what word is there a mentor at that coming to mind that has been especially impact on your life yet so my on my dad is obviously been an amazing online entrepreneur he's he's an entrepreneur on site justly inherited.