4.8 • 31.1K Ratings
🗓️ 14 December 2017
⏱️ 42 minutes
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0:00.0 | Hey, Prime Members, you can listen to how I built this early and ad-free on Amazon Music. |
0:07.0 | Download the app today. |
0:09.0 | New Year's is here, and with it brings the possibility of change. |
0:13.0 | As one behavioral scientist put it, first starts are really powerful. |
0:17.0 | So as you head into 2023, LifeKit is a great resource to help you plan your life and tackle changes, both big and small. |
0:24.0 | Listen to the LifeKit podcast from NPR. |
0:31.0 | So when I got the idea for BET, I went out and talked to John, and we're sitting in his office, and he asked me, Bob, how much does it take you to launch BET? |
0:45.0 | And I said, John, about a half a million dollars. |
0:48.0 | And so Malone says to me, he said, Bob, here's what I'm going to do. |
0:53.0 | I'm going to buy 20% of your company for 180, and I'm going to loan you $320. |
1:00.0 | $183.20, there's your $500,000. |
1:03.0 | Now under that business plan, Bob, you will be 80, and I'll be 20. |
1:09.0 | Is that a deal? |
1:10.0 | I said, John, that's a deal. |
1:13.0 | What Malone didn't know at the time, if he'd reversed the numbers, is that I'll be 80 and Bob, you be 20. |
1:18.0 | I said, John, that's a deal. |
1:20.0 | From NPR, it's how I built this, a show about innovators, entrepreneurs, idealists, and the stories behind the movements they built. |
1:35.0 | I'm Guy Ross, and on this special live episode, how Bob Johnson turned a small cable channel called BET into a media empire and from it, |
1:47.0 | became the first African American billionaire in US history. |
1:52.0 | So when Bob Johnson came to Washington, DC as a young man in the early 1970s, |
2:04.0 | he planned to focus on public policy, which is what he did for most of his early years. |
2:10.0 | In the mid 1970s, Bob stumbled into a job with an obscure trade association called the National Cable Television Association. |
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