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The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch

20VC: Scooter Braun on Being Enough, Insecurity, Wealth, Investing, Fame, Marriage and so much more...

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch

The Twenty Minute VC

Finance, Venturecapital, Tech News, News, Siliconvalley, Technology, Investing, Startups, Business

4.4 • 637 Ratings

🗓️ 17 April 2023

⏱️ 93 minutes

🧾️ Download transcript

Summary

From college party promoter to managing global stars to CEO and investor. Scott “Scooter” Braun is one of the most powerful people in media and one of the most multi-faceted entrepreneurs we have ever met.  As the founder of media company SB Projects and the co-founder of TQ Ventures, he has backed prominent companies such as Pinterest, Spotify and Uber and managed some of the world’s biggest names in music including Justin Bieber, Ariana Grande, and Demi Lovato. Braun’s other accolades include founding Ithaca Ventures (acquired by HYBE for $1BN+) in 2021, and philanthropic efforts such as being a Make-A-Wish board member, raising $55M+ for Hurricane Harvey and Irma relief and continuing to instill the value of social good wherever possible. 

In Today’s Episode with Scooter Braun We Discuss:

1. From College Party Promoter to Managing The World's Biggest Superstars:

  • What was the single most catalytic moment of Scooter’s career?
  • What was Scooter's most painful professional mistake, and what did he learn from it?
  • What was the decision-making behind Scooter's HYBE deal?
  • What is the biggest challenge in scaling the trajectories of the people Scooter works with?
  • If Scooter could change one thing about the music industry, what would it be?

2. College Party Promoter Turned Venture Investor:

  • How did Scooter originally get into investing?
  • How did Scooter’s party promoting business almost lead to an early investment in Facebook?
  • Do people approach Scooter differently as an investor because of his success in the music industry?
  • Why is vulnerability helpful for investing?

3. Scooter's Lessons on Success (And How to Deal With It):

  • Why does Scooter believe happiness and success are not aligned?
  • How does Scooter approach deal-making?
  • Is work-life balance bullshit? Does Scooter think you have to break your back to become as successful as Jeff Bezos?
  • Is Scooter scared of mediocrity?
  • Why does Scooter think all entrepreneurs are bad at having faith?

4. The Secrets to Being a Better Parent, Child, and Partner:

  • How does Scooter approach trust?
  • How did having kids impact Scooter's mindset?
  • Why was divorce the biggest catalyst in Scooter's entire life?
  • Does Scooter worry that money will negatively influence how his children are brought up?
  • What is the most important thing a child can hear from a parent?

5. Finding the "Scott" Buried Inside "Scooter":

  • It's easy to become the brand you create. How does Scooter prevent losing himself when that happens?
  • What does Scooter need to unlearn in the future?
  • What has Scooter changed his mind on in the past 12 months?
  • How does Scooter approach his relationship to regret?
  • What single lesson you most would Scooter most want a young person listening to this conversation to take away?

Transcript

Click on a timestamp to play from that location

0:00.0

It's a piece of advice that my grandmother gave me a long time ago.

0:03.6

And I've said it so many times, but I think this moment right now is the first time I truly understood it.

0:08.1

She said, being mature is loving your 12 year old self.

0:12.0

She goes, we get to about 12.

0:13.3

We hit that teenage years.

0:14.6

We're like, think we're not cool.

0:16.0

We go through all these different things.

0:17.0

We start to create that shell. And when you become mature, you actually realize you were always good enough at 12 before you started going through that teenage and

0:25.2

security stuff. Today's episode is really a show unlike any other. I have to be honest, I was very,

0:30.7

very nervous releasing this show. The truth is, I've always felt that I had to view this image

0:35.1

of being strong, knowing all the answers. And in this episode,

0:38.6

I'm just me, Harry, and it's thanks to my friend and guest, Scooter Braun, for making this show

0:44.1

so special and creating that space where we could have this discussion. Scott or Scooter Braun is an

0:49.0

investing and music industry mogul as the founder of Media company SB Projects and the co-founder of

0:54.7

TQ Ventures. He's backed prominent companies such as Pinterest, Spotify and Uber. School is also

1:00.2

best known as the manager for some of the biggest names in music, including Justin Bieber,

1:04.7

Ariana Grande and Demi Lovato. Braun's other accolades include founding Ithaca Ventures,

1:09.6

which was acquired by Hib, for $1 billion plus in 2021.

1:13.9

And I want to say a huge thank you to Dave Clark for making the intro to scoose today, without which this episode would not have happened.

1:20.2

But before we dive into the show today, are you building enough conviction to outpace other investors in this changing ecosystem?

1:27.0

Teegas helps VCs get under the hood of their

1:29.6

investments quicker. Map evolving markets with deeper research, monitor the financial health of

...

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