171. Bravo’s Kyle Cooke on navigating hard lessons when friendship and love meets business, importance of transparency, landing a $4.2M SBA loan, and the truths behind entrepreneurship
Trading Secrets
Audioboom Studios
5 • 5.5K Ratings
🗓️ 3 June 2024
⏱️ 78 minutes
🧾️ Download transcript
Summary
Kyle was last on the show two years ago to talk about his sparkling hard teas and canned cocktail company Loverboy in addition to his experience being on Bravo’s hit show, Summer House. In more recent news, Kyle has been in the hot seat for some recent drama regarding his friend and Summer House co-star Craig Conover partnering with a competing brand of Loverboy. Kyle gives insight to the conflict between Loverboy and competitor Spritz Society on Watch What Happens Live, what he would do differently looking back in hindsight, the behind-the-scenes of the business of Loverboy, how he found out about the collaboration from Craig and the conversation they had, the importance of honesty and transparency, and how the situation is more gossip than an actual business case. Kyle also reveals what really goes into entrepreneurship, qualifying for an SBA loan worth millions, clearing up the truth and falses between business and pop culture, and how he balances his relationship and his business. Who has equity in the business? How much did he raise initially?
Kyle reveals all that and so much more in another episode you can’t afford to miss!
Host: Jason Tartick
Co-Host: David Arduin
Audio: John Gurney
Guests: Kyle Cooke
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Transcript
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| 0:00.0 | Welcome back to another episode of trading secrets. I'm your host |
| 0:16.1 | Jason Tardic and welcome to the pre-market trading segment where I'm |
| 0:19.2 | gonna tell you a little bit about our guest today an update from the market and stuff going on in my personal life. |
| 0:24.7 | Then we'll get to the main segment and then of course the recap. |
| 0:27.7 | If you're new to trading secrets, make sure you hit follow. |
| 0:29.9 | Check us out on YouTube. |
| 0:30.9 | Check us out on Instagram. |
| 0:32.1 | You can watch the full episode on YouTube. Every week we do two |
| 0:35.5 | episodes. We have trading secrets that goes live Monday and we have more than |
| 0:39.4 | money that goes live Thursday. You'll need to know that because later |
| 0:43.5 | and at the end of the episode, |
| 0:44.6 | you'll understand why the More Than Money episode |
| 0:47.4 | is so pertinent. |
| 0:49.0 | But let's get into our guest today. |
| 0:51.0 | Kyle Cook, he is very familiar to the show. He's been on two years ago. |
| 0:54.5 | It's from Summer House and so two years ago we talked all about Lover Boy, his equity |
| 0:59.2 | position, his investment, the dynamic with consultants, employees, and even his wife. |
| 1:04.4 | We got into everything two years ago, so I reached out to Kyle because I've seen so much |
| 1:08.6 | shit on Summer House about his business, about deficits, about misconceptions, about |
| 1:15.0 | false narratives. And I reach out to Kyle, I said, Kyle, I think I get you back on the |
| 1:18.6 | show, do a State of the Union because I think so many people hear one thing |
| 1:22.0 | from a TV show and then think they know what they're |
... |
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