PragerU: The Best Investment I've Ever Made

PragerU: Five-Minute Videos

PragerU

Non-profit, Self-improvement, Education, Business, History

4.7 • 6.8K Ratings

🗓️ 27 November 2024

⏱️ 5 minutes

🔗️ Recording | iTunes | RSS

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Summary

Brad Anderson knows something about the for-profit world. As the CEO of Best Buy, he led the consumer electronics retailing industry into a new era. He also knows something about the nonprofit world. He’s sat on boards of colleges, community organizations, and hospitals. But of all the nonprofits he’s helped over the years, one holds a very special place in his heart. Donate now through Giving Tuesday and your gift will be MATCHED! Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	How's this for a claim to fame? I was an early investor in Prager You. It's not an investment's made me
0:08.5	money. Prager You is a nonprofit. But I'll tell anyone who will listen, it's the best investment I've
0:14.0	ever made by far, because it's done more good for more people than any investment I've ever made
0:20.3	by far. It's why I've increased
0:23.3	my donation every year, and it's why I urge you to join me in supporting this special organization.
0:29.0	There's no other enterprise like it that I know of in the nonprofit world, and I know something
0:34.1	about that world. I sat on boards of colleges, community organizations,
0:38.3	and hospitals. Nonprofits tend to be run well like nonprofits. They plod forward, slowly,
0:44.7	rarely if ever taking risks. Prager You is run like the best Silicon Valley startups. It moves
0:50.3	fast and it breaks things. I also know something about running a for-profit business.
0:55.1	I was the CEO Best Buy until I retired in 2009.
0:59.0	Best Buy, like Prager You, disrupted an industry.
1:02.1	Best Buy, like Prager You, grew very fast.
1:05.2	And Best Buy, like Prager You, faced more than a few near-extinction events.
1:10.2	Moments, we were this close to losing the company because we were trying to do something
1:14.2	no one else had ever done.
1:16.4	You can't disrupt an industry and expect it to go smoothly.
1:19.9	But again, like Prager You, each time we faced a crisis, we worked our way through it,
1:25.4	emerging stronger on the other side.
1:28.3	The business Best Buy disrupted was consumer electronics retailing.
1:32.2	The business Prager U. is disrupting is education.
1:35.7	Thank goodness they are, because if anything needs disrupting, it's our educational system.
	...

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