Turning $40 into a $6B (w/ Daymond John)

Noah Kagan Presents

Noah Kagan

Entrepreneurship, Business

4.7 • 1K Ratings

🗓️ 20 August 2021

⏱️ 58 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Daymond John is the CEO and founder of the $6 billion global brand FUBU and star of ABC’s Shark Tank. His consulting agency, The Shark Group, has worked with more than 100 startups and his books, The Power of Broke and Rise and Grind, were New York Times best sellers.

Now, Daymond’s releasing a self-narrated Audible Original titled Founding FUBU where he shares his journey as a kid from Queens who turned $40 into a $6 billion empire. In this episode, we dive into his story, why he writes his own obituary every year and at the end, I pitch Daymond AppSumo (Shark Tank-style)。

https://okdork.com/podcast/213

Use this link to get 10% off at checkout on AppSumo: https://appsumo.com/?coupon=noah10&code=noah10

Transcript

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0:00.0	The information you're giving me is that there's no other software out there.
0:03.2	Well, how much do you cost for customer acquisition?
0:06.1	Because now you have to share with people that this is a need in the market.
0:10.0	That education is going to cost you a lot.
0:12.0	That means you're $100 million, a good amount of that is due to advertising, which is reducing your margin greatly.
0:18.0	That's why you scumbag, you need more money because your markets are not great.
0:23.2	So you're hemorrhaging to a point.
0:25.0	So why don't you keep your little company?
0:27.2	And why don't I just buy a white label
0:29.7	some of the stuff you're doing and then put it
0:31.6	in some of my other companies to market it and make way more
0:34.4	money than my little 1% of your so-forth billion-dollar company and then I would not have to talk to you
0:40.9	and or your scumbag friends.
0:44.0	No?
0:45.0	Mm-hmm.
0:46.0	Daimen John.
0:49.0	Oh shit, we got Damon John on the show.
0:51.0	Oh my God guys, what up you sexy sexy bastards it's your boy baby shark
0:53.9	do do do do aka robocetlers aka no again we have David and John to the show
0:58.8	the CEO and the founder of the six billion dollar global rent fubo
1:01.6	and y'all know him from ABC Shark Tank.
1:03.7	Now let me tell you this episode blew my mind. It was phenomenal. This guy I was like oh you know it's
	...

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