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🗓️ 1 January 2023
⏱️ 12 minutes
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In this Cliff Notes Derek Furgeson who was the former CFO of Bad Boy Entertainment expla
ined why Diddy is such a special business man. #entrepreneur #business
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0:00.0 | Sean Combs is a great entrepreneur. He is, I've been out in history as one of the greatest |
0:05.7 | entrepreneurs in American history from my standpoint. And he's a great entrepreneur. First, |
0:11.2 | a lot of people don't know. He's started as a businessman. You know, people know him as an artist |
0:16.4 | and a fashion icon and so on and so forth. But his first role in the entertainment business |
0:21.6 | was as an owner. First as an A&R, you know, at uptown records. But then ultimately as an owner of |
0:29.7 | Bad Boy Records, he was not an artist when he first owned Bad Boy Records. So from there, |
0:36.0 | from where he took that company alone as an entrepreneur was incredible and would go down in |
0:42.7 | history in and of itself. But then to one of the things I say I was super fortunate to experience |
0:49.4 | and this is something that is part of the American dream experience is to see businesses go from |
0:56.3 | an idea, from sketches on a table to like a real business with hundreds of employees, with hundreds |
1:03.1 | of million dollars in sales and like not just once. Like I started like three, four times over. |
1:09.3 | Literally like things being sketched out. We're going to do this. We're going to do this. How |
1:12.4 | to close going to look. What's the TV network going to look like? You know, how what are the segments |
1:16.8 | we want, you know, on a 24 hour day? What's that going to look like going from that, you know, |
1:21.4 | from an idea to actually happening. And that's a phenomenal, incredible thing. Really difficult |
1:28.0 | to do and to do it, you know, three or four times over in a big way like, you know, |
1:34.2 | Sean Coombs did is really unprecedented and, you know, when I was talking about sex, |
1:38.3 | it's always time for him. What's on like 20 years? He's done this four times. Absolutely. |
1:42.0 | These are values. Still got to still go to come too, right? So these are the years where most |
1:46.8 | executives are really just getting in the groove and creating great, great ideas. So here's what, |
1:54.9 | so I will say he is rarefied air as an entrepreneur. So you have to understand it for us. So it's not, |
2:02.8 | it's not by accident. It's not, you know, luck. It's, you know, he has great instincts. He has great |
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