Book Launch and Compassionalist Academy Reimagined with Karen Rands

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The Compassionate Capitalist
Show empowers entrepreneurs and

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investors in life to create
wealth with passion and purpose.

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Join Karen Rands, a best selling
author, for insights on Angel

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investing, crowdfunding,
business growth, and wealth

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creation.
As a seasoned entrepreneur and

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investor herself, Karen engages
in dynamic conversations with

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industry leaders, successful
entrepreneurs, seasoned Angel

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investors, and venture
capitalists as they share their

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proven strategies and lessons
learned.

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Once you listen, you will
understand why this podcast is

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ranked in the top 2 1/2%
globally.

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Subscribe and share and be a
catalyst for the compassionate

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capitalist movement.
Just go get it up and go in back

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and you must keep an open mind
and you try your best just to

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leave your track and do not fall
too far behind.

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Regret is for the Prince of
heart.

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In the end, it's all the same.
Take what the wise I've got to

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impart.
These are the principles of the

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game.
The principles of the game.

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Oh, these are the principles of
the game.

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Hey, welcome listeners.
Thank you for being part of the

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compassionate capitalist
movement.

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This week is a big week for me.
Release of my second book and

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the launch of the reimagined
digital financial literacy

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platform, now called The
Compassionalist Academy.

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More on that later and how you
can get a discount As being one

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of my followers and subscribers,
I really appreciate you.

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You don't even know how much
this show, The Compassionate

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Capitalist Show, has hit #20 on
Apple Podcast for the

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subcategory of investing under
investing under business.

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So business slash investing.
I'm in the top 100 on business

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now on Apple.
So you could be hearing me for

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the first time, you know,
because I, and for those that

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are listening for, you know, the
regulars, thank you so much.

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I could not do this without you.
And you know, those that are

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listening for the first time,
welcome.

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Welcome and your perfect timing.
Because today I want to take you

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a little bit behind the scenes
of my journey, how I discover

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the secret world of Angel
investing, the challenges I've

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seen and why I am so passionate
about opening this opportunity

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up to everyone.
If you've ever thought investing

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in startups isn't for me, you
know, or I don't have the money,

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the smarts or the time, then
this episode is for you.

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And stick around so you can hear
how you get a discount on both

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the book inside secrets to
Crowdfunding investing, which

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I'm going to the whole title,
the whole title is, I'll share

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all of that in a minute because
it's, it's, it's a, it's a

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departure from the first book
inside Secrets to Angel

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investing in, in their style, in
their content and their audience

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and the amazing compassionist
capitalist compassionate list

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Academy, the compassionate list
Academy, compassionate list.

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I made-up that word.
It's a new word.

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Hello everybody.
And it is a mash up, a mash up

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of compassionate and capitalist
compassionate list, right.

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I'll talk a little bit about how
I, how I cultivated this idea of

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compassionate capitalist here in
just a minute, But it's, you

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know, the compassionist Academy
is a reimagined version of what

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I did a year and a half ago.
The that was called the

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compassionate capitalist wealth
maximizing system.

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That's a tongue twister, you
know, quite there.

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But I, I wanted, I had a
different vision and I needed to

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really enrich it in order to
make it the kind of platform

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that it needed to be in order to
have the real impact that I

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intend to have with these two
books.

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And the content went from being
like 6 lessons to like 70, more

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than 70 lessons and more to come
from beginning all the way to

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advanced.
And, and you're going to hear

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more about that in the book.
The book is amazing.

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It's a story of Jane and her
journey to become an active and

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profitable investor and
entrepreneurs.

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All right, so so we're, we're
offering this course now and

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content for investors from the
very beginning of their journey

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with a foundation to grow and
build their financial investing

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empire, all the way to advanced
training in Angel and crowdfund

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investing to get those that have
been dabbling in it or maybe are

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just disappointed in what's out
there because there's really not

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a lot out there.
And I'm going to talk about that

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too.
So let's first of all, this is

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my back story.
I want you to understand because

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I've been on this journey of
really like 20 years, 20 years

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of, you know, uncovering this,
right?

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And and so before I became
famous for my prowess of

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educating on angels and best
practices to create wealth,

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investing in entrepreneurs and
entrepreneurs learning how to

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raise capital or getting better
at raising capital and to

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actually get the capital because
they make a lot of mistakes

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because they just don't know
what they don't know, but what

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they need to launch and grow.
I worked for IBM on teams that

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were bringing innovations to
market ranging from the launch

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of PS2 and OS2.
Some of y'all remember that and

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mobile and wireless and pin
based.

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Now we take it for granted, but
back in the day, pin technology

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was pretty new and I was
creating whole new marketplaces

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with automating the last mile
right of, of being able to

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capture what people were putting
on thin and paper and, and

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putting that together in apps,
working with partners.

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And then mobile and wireless
from all different, every kind

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of wireless you can think of
what it was then to what it is

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now and every kind of hardened,
you know, little small device to

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the big rugged devices you use
in trucks and things like that.

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All of that under IBM's umbrella
to resell it and package it in

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services.
And I negotiated all the

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contracts for IBM to do that,
generating over $30 million in

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the first year that we we got it
launched.

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You know, would have been a
pretty healthy startup had that

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been the case.
And moved up the food chain to

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be what they called a complex
opportunity business manager

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COBM.
OK, that was the Latin acronym

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and with a mission to evaluate
and if Dean Worthy on behalf of

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IBM work, invest resources and
some cases money, equipment,

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things like that.
Novel technology startups that

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were doing click and mortar to
become e-commerce before

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e-commerce was a thing and the
first version was now is

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considered SAS.
All of this stuff was very new

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in 1999.
And you know, they could, you

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know, they said that the idea
was they would go out, it would

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be like IBM approved to go out
and get venture capital and then

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come back and spend it with IBM.
Because at the time IBM had

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started to realize that they
were missing out on the Amazons

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and ebays of the world.
Because once a company got

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equipment from some of these
from, you know, some of these

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companies came about compact
EDS, you know, various HP, you

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know, that we're into mid range
kind of stuff.

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It was standardized on it.
It was very difficult to get

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them off and IBM wanted to get
in earlier, right?

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And so they would get the end.
And you know, that was they put

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a whole team together for that.
And me as a COBMA lot of these,

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these people that were on these
teams were really, really young

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reps.
They didn't really know how to

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get things done.
And so I was the person that

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would come in and and get the
right resources and help them

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get things done.
And and I teased that I was in

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my own little bubble.
This is 1999 because I had this

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client, it was revolutionizing
digital imagery in the

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healthcare industry.
And I had he had traveled with

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through me by different
divisions and things and kept

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working with me and I could get
him to do what I needed to do.

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And he and I decided I wanted to
be in that parade and not watch

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the parade goodbye.
It was so exciting and I wanted

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to help him go to market, get
the funding they needed because

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I thought that I knew about
that.

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So two things about my bubble
and I dug.

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I joke about this is that have
you ever seen the Animal House

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movie?
And they're going down the and

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they the parade goes down.
I want to be in that parade.

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Well, then they turn and go in
the alleyway and they're all

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banging into the wall.
Well, that was the parade I got

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into because I left IBM in
January of 2000 and lot of y'all

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know what that meant.
Some of the younger ones don't.

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But that was just the beginning
of the.com bubble burst and,

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and, and I didn't even know.
I like here's how much I was in

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a bubble.
I didn't know there was a

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bubble.
And the second thing I didn't

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know about was that I and I did
not know about Angel investors.

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I had never even heard that
word.

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There's 2 words.
And and it wasn't really until

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much later that I figured out
that I didn't know it when I was

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this mid level executive leaving
IBM to go be a part of a

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startup.
But I got invited to this, the

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network of business angels and
investors meeting with a friend

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of mine that was doing a, a
software product for the real

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estate industry.
And I wanted to go check it out

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for this guy that I was now
working for.

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And I was also doing other
things.

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You know, I often times have,
you know, a lot of pokers in

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different fires.
But, and here's my very first

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impression, and I didn't really
understand this too, until later

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on, but I knew that I was in
some place that I was meant to

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be right that door.
When the door closed on my

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career at IBM, the door opened
in this journey that I am and

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that I'm on now.
And it completely changed the

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trajectory of my life.
And I really still remember the

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feeling when I walked out of
that first meeting and I'm going

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through the, the, the parking
deck and just feeling goose

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pimples because I was like, this
was all of the work that I had

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done in IBM, all the aspirations
that I had had as an

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entrepreneur.
You know, my dad had been an

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entrepreneur.
There's a podcast on that and

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his influence on me.
And, and there's some more in

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this story in a minute.
And I had, you know, realized

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that it was this, that this was,
this was like I felt it was my

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calling.
But the other thing that I

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experienced then that I didn't
truly understand until later

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when I was trying to figure out
why there weren't more investors

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for all the entrepreneurs, why
so many people didn't know about

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Angel investing, why so many
people that they knew about it

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had a negative attitude about
it.

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And so it was like I had
stumbled into the secret Society

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of Angel investing when I I
walked in to this room and here

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were these people, quite
frankly, mostly middle-aged

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white men at the table looking
at these entrepreneurs that were

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desperately trying to raise
capital, bring their vision to

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market.
And they were picking and

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choosing who got to get the
money.

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They were the market makers.
They were the ones that yes or

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no, they were the kingmakers,
right?

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And that was that was exciting
when I was in the middle of it

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because now I was in the middle
of it.

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But in hindsight, when I finally
learned figure this out, even

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after I wrote the book why that
was, I realized that there

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needed to be changed, right?
And I realized that only the

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most wealthy were getting to see
and invest in the next big

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thing, right?
And it, and the secret was why

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it was a secret was because of
the laws that prohibited

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entrepreneurs being able to
solicit capital from anybody but

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a millionaire that they already
knew or they had to go through a

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broker dealer.
And there's a whole lot of

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issues with with that.
But you think about it, if you

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have to already know a
millionaire, well then you kind

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of already are sort of in this
special group, right?

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You know, you're a kid of a
millionaire or you went to

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school with millionaires or
something like that.

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But there's all a lot of other
people out there that didn't and

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we would took it so seriously
about this, this non general

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solicitation.
So listening to people you

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didn't know as millionaires that
they had the closed doors,

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right?
We actually closed the doors of

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when I took it over and I
started running these events, we

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closed the door.
So no random person would

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accidentally hear about this
opportunity when they walked by

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in that kind of amazing, right
that we took to that extreme.

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And you think about how people
talk about deals now they're on

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the Internet on pitch events and
things like that.

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But I quickly realized that the
stat, the process was stacked

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against entrepreneurs, even
those with great tech that were

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00:13:40,800 --> 00:13:44,000
charismatic, that were not
charismatic, right?

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They had great technology and
great solutions.

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They were solving A fundamental
problem in the marketplace that

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would make great money for those
that invested.

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But they were a technology guy
or they didn't talk or look like

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most of the people in the room,
the white middle-aged men in the

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room.
And they, you know, they, they.

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And so if they didn't connect,
they would choose one that did.

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And I, you know, at the time, I
thought all capital was green.

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But I came to find out that no,
they're everybody brings a bias

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00:14:18,080 --> 00:14:22,160
into the process of discerning
these, these deals, just like

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you do with so many other things
that you do in life.

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The founder Jerry Martin blessed
my life, blessed me by taking me

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00:14:28,520 --> 00:14:31,680
under his wing initially and to
be his second hand for

240
00:14:31,680 --> 00:14:34,240
organizing the, and the
organizing the meetings,

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00:14:34,480 --> 00:14:37,640
screening the companies,
managing the follow-ups, you

242
00:14:37,640 --> 00:14:40,720
know, putting these things.
And I learned really almost

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00:14:40,720 --> 00:14:45,560
everything that I knew about
running events, doing stuffs,

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00:14:45,760 --> 00:14:47,600
you know, due diligence, all
that stuff.

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00:14:47,800 --> 00:14:51,880
And part of it was, you know,
after the meeting, I would talk

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00:14:51,880 --> 00:14:54,600
to these angels and I would say,
well, why did you invest in this

247
00:14:54,600 --> 00:14:56,040
deal or not that deal?
What did you like?

248
00:14:56,040 --> 00:14:58,280
What you don't like?
And I learned this, I, we're

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00:14:58,280 --> 00:15:02,640
interviewing angels, investors
every, you know, every month

250
00:15:03,200 --> 00:15:07,880
talking about deals.
And, and then, you know, as I

251
00:15:07,880 --> 00:15:10,840
progressed and launched the
podcast, various things like

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00:15:10,840 --> 00:15:16,960
that, you know, I've interviewed
hundreds of Angel investors for

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00:15:16,960 --> 00:15:20,120
my book too.
I, I interviewed people, sent

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00:15:20,120 --> 00:15:25,280
surveys, had surveys when I,
when I was so, so I took over

255
00:15:25,280 --> 00:15:27,960
this group.
He wanted to retire.

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00:15:27,960 --> 00:15:30,720
We worked out and earn out.
And I quickly discovered that

257
00:15:30,720 --> 00:15:33,240
the group needed new blood,
right.

258
00:15:33,600 --> 00:15:36,040
We had a lot of what I call
empty suits.

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00:15:36,040 --> 00:15:40,040
They were showing up for the
entertainment of the of the

260
00:15:40,040 --> 00:15:44,160
pitches and the free food and
drink, but they really weren't

261
00:15:44,160 --> 00:15:47,920
investing.
And if I was going to be true to

262
00:15:47,920 --> 00:15:52,160
the purpose, I had to bring
people in that wanted to invest.

263
00:15:52,280 --> 00:15:55,160
But guess what?
As I learned, most people don't

264
00:15:55,160 --> 00:15:57,120
know about it.
So how do you know about it?

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00:15:57,120 --> 00:16:00,120
And if you haven't read the
first book, and if you get into

266
00:16:00,120 --> 00:16:02,480
the course, there's a whole
story about the making of a

267
00:16:02,480 --> 00:16:06,240
compassionate capitalist and the
story of Jack and, and this guy

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00:16:06,240 --> 00:16:10,240
that became part of the Angel
group and how we met and how he

269
00:16:10,240 --> 00:16:13,680
learned about it.
But you know, as you know, this,

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00:16:13,680 --> 00:16:18,520
I, I realized that I need a new
blood and it needed a lot of

271
00:16:18,520 --> 00:16:22,360
TLC.
And, and this group was a little

272
00:16:22,360 --> 00:16:26,480
bit different because of what
they invested in and how they

273
00:16:26,480 --> 00:16:29,960
invested.
And the compassionate capitalist

274
00:16:29,960 --> 00:16:33,800
concept was born, right?
That and that is people that

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00:16:34,880 --> 00:16:38,600
investors or people that invest
time, money, knowledge,

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00:16:38,600 --> 00:16:42,800
resources into entrepreneur
endeavors to bring innovation to

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00:16:42,800 --> 00:16:46,280
market, create jobs and create
wealth for all those evolved.

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00:16:46,440 --> 00:16:48,400
That was my long definition,
right?

279
00:16:49,160 --> 00:16:53,240
And then eventually I, I
modified it to be not so long

280
00:16:53,720 --> 00:16:57,080
to, you know, basically that was
because I, when I had met these

281
00:16:57,080 --> 00:16:59,080
angels initially, I'd say, well,
how'd you learn how to be an

282
00:16:59,080 --> 00:17:01,800
Angel investor?
And they said, oh, well, I

283
00:17:01,800 --> 00:17:04,800
invested in my first 3 deals and
I lost money.

284
00:17:04,800 --> 00:17:07,040
And then I just, you know,
finally eventually figured it

285
00:17:07,040 --> 00:17:09,200
out.
I was like, well, that's a

286
00:17:09,200 --> 00:17:12,599
horrible way to learn by losing.
You learn by losing.

287
00:17:12,599 --> 00:17:14,119
There's nobody teaching this
stuff.

288
00:17:15,000 --> 00:17:18,480
And in fact, a wealth manager
that was one of my investors

289
00:17:18,480 --> 00:17:22,800
came to me and said, hey, Karen,
I can't tell my clients.

290
00:17:22,800 --> 00:17:25,680
I can't talk to them about Angel
investing and investing

291
00:17:25,680 --> 00:17:27,640
entrepreneurs because I could
lose my license.

292
00:17:28,240 --> 00:17:30,800
So anybody that I discovered,
and this was something that I

293
00:17:30,800 --> 00:17:33,360
unpacked later, I discovered
that anybody that had enough

294
00:17:33,360 --> 00:17:36,040
money to have a financial
planner or wealth manager and

295
00:17:36,040 --> 00:17:39,000
they would go to him because a
friend was doing a business or

296
00:17:39,000 --> 00:17:40,440
they were at a pitch event or
anything like that.

297
00:17:40,440 --> 00:17:42,840
And they would say, hey, how
much can I afford to invest in

298
00:17:42,840 --> 00:17:43,880
this deal?
I really like it.

299
00:17:43,880 --> 00:17:46,480
Can you help me with it?
That financial planner would

300
00:17:46,480 --> 00:17:50,960
say, oh, you know what?
Don't do that.

301
00:17:51,880 --> 00:17:55,640
That's gam like gambling.
You'll lose your money if you

302
00:17:55,640 --> 00:17:57,640
invest in that company,
regardless of what the company

303
00:17:57,640 --> 00:17:59,920
was doing.
You will lose your money if you

304
00:17:59,920 --> 00:18:02,440
invest in that because it's like
gambling.

305
00:18:02,720 --> 00:18:05,080
What we talked about, we talked
about how much you could invest

306
00:18:05,080 --> 00:18:09,240
in real estate and we've set
aside that and you know, and I

307
00:18:09,240 --> 00:18:11,280
can, you know, help you a little
bit with that, but you know,

308
00:18:11,280 --> 00:18:14,080
I'll give you my opinion or get
you in touch with people, but

309
00:18:14,240 --> 00:18:16,120
you know, you really need to.
These are the products my

310
00:18:16,120 --> 00:18:19,040
company sells.
And the reason why wasn't

311
00:18:19,040 --> 00:18:21,840
because it was gambling.
I mean, yeah, there's risk.

312
00:18:22,080 --> 00:18:23,680
It wasn't because it was
gambling.

313
00:18:23,840 --> 00:18:27,360
It was because of the fear of
losing their license because the

314
00:18:27,360 --> 00:18:30,520
rules weren't.
Still to this day, unless

315
00:18:30,520 --> 00:18:34,120
they're not on Commission,
they're a registered investment

316
00:18:34,120 --> 00:18:39,680
advisor, they cannot advise on.
Technically they can, but the

317
00:18:39,680 --> 00:18:42,720
rule of thumb in the industry
and nobody wants to break it is

318
00:18:42,720 --> 00:18:45,800
that if they advise on a private
equity transaction that the

319
00:18:45,800 --> 00:18:49,520
broker could get a Commission
on, then they will lose their

320
00:18:49,520 --> 00:18:51,520
license.
They will take their license

321
00:18:51,520 --> 00:18:53,200
away in their livelihood.
So they don't.

322
00:18:53,840 --> 00:18:56,600
And so over, if you think about
it, 80 years that this was

323
00:18:56,600 --> 00:18:59,760
illegal.
They're planting seeds in

324
00:18:59,760 --> 00:19:03,960
people's brain that investing in
entrepreneurs is like gambling

325
00:19:03,960 --> 00:19:07,200
and they'll lose their money.
So word of mouth, if somebody

326
00:19:07,200 --> 00:19:09,200
said to them, hey, I'm thinking
about, you ever think about

327
00:19:09,200 --> 00:19:11,280
investing in entrepreneurs?
I'm thinking about doing it.

328
00:19:11,560 --> 00:19:13,400
What do you know about it?
They would say, oh, no, no, no.

329
00:19:13,400 --> 00:19:15,920
My financial planner told me
it's gambling, don't do it.

330
00:19:15,920 --> 00:19:19,680
You'll lose your money, right?
I talk to people, they'll show

331
00:19:19,680 --> 00:19:22,320
up at network events with
entrepreneurs and I'll say,

332
00:19:22,320 --> 00:19:24,040
yeah, I'm doing this stuff where
I'm teaching about Angel

333
00:19:24,040 --> 00:19:26,040
investing.
And they'll go like, oh, I go,

334
00:19:26,040 --> 00:19:27,520
do you ever think about it?
And they're somebody that's a

335
00:19:27,520 --> 00:19:30,600
millionaire or, you know, at
least a, an accredited investor.

336
00:19:30,600 --> 00:19:33,560
They're like, oh, no, no, no,
I've heard about that.

337
00:19:33,560 --> 00:19:36,480
That's, that's like Angel,
that's like, that's really

338
00:19:36,480 --> 00:19:38,080
risky.
I'm like, why is it really

339
00:19:38,080 --> 00:19:40,320
risky?
You just have to know how to do

340
00:19:40,320 --> 00:19:42,960
it.
Every every asset class is

341
00:19:42,960 --> 00:19:45,320
really is as an element of risk,
right?

342
00:19:45,680 --> 00:19:49,200
But that's how compassionate
capitalist was born and how I

343
00:19:49,200 --> 00:19:51,560
adopted that and have now and
trademarked it.

344
00:19:52,400 --> 00:19:55,720
OK, so, so this wealth manager
asked me about it.

345
00:19:55,720 --> 00:19:58,440
I looked around.
There was no training out there

346
00:19:58,560 --> 00:20:00,440
at that time.
There was a couple of books.

347
00:20:00,960 --> 00:20:04,640
David Rose, the founder of New
York Angel and Angel List.

348
00:20:05,200 --> 00:20:08,160
He had written a book.
And it was really just for

349
00:20:08,160 --> 00:20:10,360
angels and his crew to be better
angels.

350
00:20:10,680 --> 00:20:13,640
Kauffman was doing some training
for the Angel Capital

351
00:20:13,640 --> 00:20:15,480
Association.
But it really wasn't.

352
00:20:15,480 --> 00:20:18,440
It was kind of like you get a
workbook and somebody you know,

353
00:20:18,440 --> 00:20:22,240
talked about it in a panel, but
there was really no on demand

354
00:20:22,240 --> 00:20:24,680
training.
And now they offer some stuff

355
00:20:24,680 --> 00:20:27,680
that's really just like my
podcast and somebody talking to

356
00:20:27,680 --> 00:20:29,240
somebody else and asking them
questions.

357
00:20:29,400 --> 00:20:32,680
It's not really an instruction
like an, like a, you would

358
00:20:32,680 --> 00:20:36,560
expect for some kind of distance
learning type of curriculum,

359
00:20:36,920 --> 00:20:40,480
right?
And so I created a series of

360
00:20:40,520 --> 00:20:44,360
ebooks that were a how to that
were the precursor to this.

361
00:20:44,360 --> 00:20:46,560
And it was called How to be an
Angel investor.

362
00:20:46,840 --> 00:20:49,520
And back when ebooks were just
PDFs, you sit around and I ended

363
00:20:49,520 --> 00:20:53,360
up having about 500 people
really actually about 1500

364
00:20:53,360 --> 00:20:57,040
people, but 500 filled out my
form around the country to get

365
00:20:57,040 --> 00:20:59,760
information about my companies
that were coming through our

366
00:20:59,760 --> 00:21:01,040
stuff.
And they would tell me what they

367
00:21:01,040 --> 00:21:03,040
invested in and how they
invested, what kind of things

368
00:21:03,040 --> 00:21:05,520
that they had.
So that continued that data

369
00:21:05,520 --> 00:21:09,280
continued to frame my knowledge
of how Angel investors work,

370
00:21:09,600 --> 00:21:11,680
right.
And the first books gave me the

371
00:21:11,680 --> 00:21:14,240
juice to grow that book.
It became, I mean, grow that

372
00:21:14,240 --> 00:21:17,360
group, the network of business
Angel investors became one of

373
00:21:17,360 --> 00:21:20,200
the most active in the Southeast
and the top 50 in the United

374
00:21:20,200 --> 00:21:22,440
States in just a couple of years
that I was running it.

375
00:21:22,920 --> 00:21:25,520
And, and, but here's the other
thing that I learned about that.

376
00:21:25,520 --> 00:21:28,840
And This is why might we're a
part of my heart, of my passion

377
00:21:28,840 --> 00:21:32,280
to solving this problem.
This giant gap came because

378
00:21:32,280 --> 00:21:35,560
entrepreneurs had to run a
gauntlet, you know, to get in

379
00:21:35,560 --> 00:21:39,480
front of these investors and and
most great ideas never make it.

380
00:21:39,720 --> 00:21:44,200
And it's and in my experience, a
deal didn't make it the cut, not

381
00:21:44,200 --> 00:21:46,600
necessarily because they weren't
good enough.

382
00:21:47,080 --> 00:21:51,760
They just weren't entertaining
or the right for this particular

383
00:21:51,760 --> 00:21:55,760
group or this audience.
You know, and, and you know, the

384
00:21:55,760 --> 00:21:59,360
way the Angel funnel works, you
know, 1020 companies might apply

385
00:21:59,360 --> 00:22:00,880
in that month.
They can only, they only have

386
00:22:00,880 --> 00:22:05,280
time for three or four.
So the the they narrow it down

387
00:22:05,280 --> 00:22:08,640
and 10 of them could be doing
something.

388
00:22:08,640 --> 00:22:10,920
They just need to be tweaked.
But a lot of times as

389
00:22:10,920 --> 00:22:13,600
entrepreneurs won't come back.
They just take the rejection and

390
00:22:13,600 --> 00:22:16,880
move on.
And then, you know, out of, you

391
00:22:16,880 --> 00:22:21,320
know, the six that kind of make
the final cut 3 get to pitch,

392
00:22:21,680 --> 00:22:23,520
the other three are just as
good.

393
00:22:23,520 --> 00:22:27,920
They just didn't didn't meet the
criteria, the timeline of what

394
00:22:27,920 --> 00:22:30,560
would be interesting to the
Angels that month.

395
00:22:31,120 --> 00:22:34,080
But if you're in a small town,
like we're in Atlanta or, you

396
00:22:34,080 --> 00:22:36,240
know, relative, like we're not
in a small town, but we only

397
00:22:36,240 --> 00:22:38,400
have two at the time, we only
had two Angel groups and we

398
00:22:38,400 --> 00:22:40,720
really barely have more than
that now.

399
00:22:41,200 --> 00:22:44,360
I mean, we kind of sort of do,
but the, the most official ones

400
00:22:44,360 --> 00:22:48,800
are really only two and a third
one that, you know, they don't

401
00:22:48,800 --> 00:22:50,360
hold meetings.
They just, you know, there's one

402
00:22:50,360 --> 00:22:52,120
groups that get together and
just make decisions.

403
00:22:52,120 --> 00:22:58,520
But if you got dinged on one
reputation spread and the other

404
00:22:58,520 --> 00:23:01,000
group wouldn't look at you
because the first group didn't

405
00:23:01,000 --> 00:23:03,040
like you.
They didn't bother to say why

406
00:23:03,040 --> 00:23:04,280
didn't you like them?
Oh, they were good.

407
00:23:04,280 --> 00:23:07,200
They just didn't fit our cut,
you know, and then next month

408
00:23:07,200 --> 00:23:10,360
there's another 20.
So they would say come back, you

409
00:23:10,360 --> 00:23:13,040
know, and maybe somebody that
took a liking to them would

410
00:23:13,240 --> 00:23:16,200
encourage them and mentor them.
But it just, that's just the

411
00:23:16,200 --> 00:23:20,160
nature of the beast.
So a lot of companies would get

412
00:23:20,160 --> 00:23:22,880
shut out of getting funded.
I, you know, and it was really

413
00:23:22,880 --> 00:23:25,120
heartbreaking to me.
And even then when they get into

414
00:23:25,120 --> 00:23:28,040
the group, you have 30-40 people
in a room.

415
00:23:28,360 --> 00:23:30,440
They don't all invest in
everyone.

416
00:23:30,440 --> 00:23:33,920
They kind of pick one that they
coalesce around and they group

417
00:23:33,920 --> 00:23:35,960
their money to that.
So even then, the two that

418
00:23:35,960 --> 00:23:39,880
didn't get funding wasn't that
they weren't, they weren't

419
00:23:39,880 --> 00:23:43,080
fundable.
It was that the majority like

420
00:23:43,080 --> 00:23:45,200
this deal better than the other
one.

421
00:23:46,040 --> 00:23:50,080
And so it, you know, this was
just, I, it was really

422
00:23:50,080 --> 00:23:52,720
heartbreaking to see innovation
that are the market really

423
00:23:52,720 --> 00:23:54,600
needed not get out into the
market.

424
00:23:54,960 --> 00:23:59,160
And I saw this, this imbalance
between innovators starving for

425
00:23:59,160 --> 00:24:04,160
capital and you know, this, that
they just couldn't get it

426
00:24:04,400 --> 00:24:09,080
because there was such a gap.
And there's still such a gap.

427
00:24:09,720 --> 00:24:12,760
So many more entrepreneurs that
are qualified through incubators

428
00:24:12,760 --> 00:24:16,000
and accelerators that don't get
the capital that they need and

429
00:24:16,000 --> 00:24:19,680
struggle and struggle and
struggle and everyday people.

430
00:24:19,680 --> 00:24:22,280
Here's the other part of it,
locked out of creating these

431
00:24:22,280 --> 00:24:25,720
wealth building opportunities.
And it was the birth, my belief,

432
00:24:25,720 --> 00:24:28,880
this is where my belief came.
If we could open up capital

433
00:24:28,880 --> 00:24:34,840
raising to anyone and investors
invent and investors people,

434
00:24:35,000 --> 00:24:39,440
anyone could invest in them.
Talk about a win, win for

435
00:24:39,440 --> 00:24:42,800
entrepreneurs and the investors.
It wasn't just limited to

436
00:24:42,800 --> 00:24:47,040
millionaires and the most
charismatic entrepreneurs that

437
00:24:47,040 --> 00:24:52,080
looked like the people in the
room and so, you know, could

438
00:24:52,080 --> 00:24:54,560
look like an act like the talk,
like the people in the room.

439
00:24:54,560 --> 00:24:58,440
So it was a great thing.
And then the Great Recession hit

440
00:24:58,440 --> 00:25:01,440
and it hit me hard for a lot of
different reasons.

441
00:25:01,800 --> 00:25:05,840
And I had another aha moment,
right about corporate America,

442
00:25:05,840 --> 00:25:10,080
time and money, because my group
was really not people that had

443
00:25:10,080 --> 00:25:13,240
had tech exits and were
independently wealthy.

444
00:25:13,480 --> 00:25:18,800
They were people that had ran
their own businesses, had the

445
00:25:18,800 --> 00:25:21,720
money as accredited or they were
executives and businesses.

446
00:25:21,720 --> 00:25:24,240
They were partners in a law
firm, things like that.

447
00:25:24,440 --> 00:25:28,240
So when the Great Recession
happened, their time spent, they

448
00:25:28,240 --> 00:25:30,600
had the money, but they couldn't
spend the time in the way we

449
00:25:30,600 --> 00:25:33,680
were structured because a lot of
Angel groups require the, the

450
00:25:33,680 --> 00:25:39,480
members to do a lot of the work
screening and follow up and due

451
00:25:39,480 --> 00:25:41,440
diligence.
And if they don't have the time

452
00:25:41,440 --> 00:25:42,680
to do that, they just don't
invest.

453
00:25:42,960 --> 00:25:47,400
And so it, we needed to change.
It was too late to pivot the

454
00:25:47,400 --> 00:25:51,320
model and and I sunset the group
and and the JOBS Act was on the

455
00:25:51,320 --> 00:25:54,640
horizon.
That was a JOBS Act in 2012 and

456
00:25:54,640 --> 00:25:59,640
it truly was it intended to be
this great equalizer both sides

457
00:25:59,640 --> 00:26:02,480
of the table, democratization of
the capital markets.

458
00:26:02,680 --> 00:26:06,400
That's the term we threw around
all the time back then because

459
00:26:06,400 --> 00:26:10,200
reward base had proven that it
worked to raise capital.

460
00:26:10,200 --> 00:26:14,200
But because of the laws of
general solicitation they were

461
00:26:14,200 --> 00:26:17,960
at that were set up in 1933.
It was out of sync with how

462
00:26:17,960 --> 00:26:22,240
people communicated what was the
Internet was doing, the openness

463
00:26:22,240 --> 00:26:26,000
of emails and social media and
all that kind of stuff, right?

464
00:26:26,360 --> 00:26:29,680
And so you know, it was one of
those things where things that

465
00:26:29,680 --> 00:26:33,840
we take for granted now
smartwatches, drones, 3D

466
00:26:33,840 --> 00:26:37,280
printers, even the physic fidget
widget if you're not, if you're

467
00:26:37,280 --> 00:26:40,040
watching the video, if you're on
Spotify, flip over to the video

468
00:26:40,240 --> 00:26:43,360
got got toys.
The fidget widget all came to

469
00:26:43,360 --> 00:26:48,080
market because and even Oculus
headset, right, it came to

470
00:26:48,080 --> 00:26:52,800
market because of people putting
money in to get the product

471
00:26:52,960 --> 00:26:54,960
earlier than it was available in
the store.

472
00:26:54,960 --> 00:26:59,160
A reward was they got a product,
early adopters, and they figured

473
00:26:59,160 --> 00:27:02,560
out that Fast forward a couple
years later, those companies

474
00:27:02,560 --> 00:27:04,680
would go to market.
They'd take raise millions of

475
00:27:04,680 --> 00:27:08,880
dollars to develop their product
to get it manufactured and prove

476
00:27:08,880 --> 00:27:12,160
that they had a marketplace.
And then a big, big angels and

477
00:27:12,160 --> 00:27:15,800
VCs would step in, give them the
growth capital and they would go

478
00:27:15,800 --> 00:27:18,120
on to sell the company or
whatever.

479
00:27:18,120 --> 00:27:21,120
Like an Oculus case.
They raised millions of dollars

480
00:27:21,120 --> 00:27:27,440
through reward based, raised a
small VC round until Facebook

481
00:27:27,640 --> 00:27:29,520
bought them for 8:00, $100
million.

482
00:27:30,280 --> 00:27:34,480
And so you had to say to
yourself, if somebody had $1000

483
00:27:34,480 --> 00:27:38,280
to buy this headset that that
not been ever in the marketplace

484
00:27:38,280 --> 00:27:43,760
before 510, seven years later, I
don't remember exactly how long

485
00:27:43,760 --> 00:27:47,400
it was and they they were bought
for $800 million.

486
00:27:47,840 --> 00:27:50,240
What would that $1000 in equity
be right now?

487
00:27:50,240 --> 00:27:55,200
They had an obsolete piece of
equipment worth nothing, right?

488
00:27:55,400 --> 00:27:58,800
If they had $1000 in equity,
would have been $8000.

489
00:27:58,800 --> 00:28:03,960
Would it have been $16,000?
Would it have been $80,000?

490
00:28:04,160 --> 00:28:07,560
We don't know because they
weren't allowed to, you know,

491
00:28:07,560 --> 00:28:12,080
and the, and the barrier wasn't
knowledge of of, you know.

492
00:28:12,080 --> 00:28:14,600
Do you have what it takes to do
this?

493
00:28:14,640 --> 00:28:16,760
Are you willing to do things
that are risky?

494
00:28:17,520 --> 00:28:20,400
You know, because we weren't
limiting people's ability to go

495
00:28:20,400 --> 00:28:24,080
out and spend $500 a month on a
lottery ticket or go to Atlantic

496
00:28:24,080 --> 00:28:27,200
City or Vegas and throw $20,000
on the crap tables.

497
00:28:27,440 --> 00:28:31,160
So why are we telling them
they're not allowed to invest in

498
00:28:31,160 --> 00:28:32,880
entrepreneurs?
That they're passionate about

499
00:28:32,880 --> 00:28:35,200
the problem that they're solving
or they think they're doing

500
00:28:35,200 --> 00:28:38,760
something really cool?
Why are we judging them as being

501
00:28:38,760 --> 00:28:43,720
lesser than?
Because they don't make $250,000

502
00:28:43,720 --> 00:28:47,720
a year or $200,000 a year and a
half, $1,000,000 in in net

503
00:28:47,720 --> 00:28:51,480
worth, right?
What we know, but there's plenty

504
00:28:51,480 --> 00:28:53,840
of millionaires out there.
You know, people that win the

505
00:28:53,840 --> 00:28:56,320
lottery that technically can be
an accredited investor.

506
00:28:56,360 --> 00:28:59,200
They have no idea how to
actually invest.

507
00:28:59,480 --> 00:29:02,800
I see it all the time of
companies that have exits and

508
00:29:02,800 --> 00:29:04,920
all of a sudden these instant
millionaires in there and all

509
00:29:04,920 --> 00:29:07,680
they really know is the code,
but they want to become an Angel

510
00:29:07,680 --> 00:29:10,360
investor.
They got no idea and they, they

511
00:29:10,360 --> 00:29:13,840
follow that thing of losing on
their first 3 because they

512
00:29:13,840 --> 00:29:16,440
invest on emotion.
And I digress because that's

513
00:29:16,440 --> 00:29:19,120
what's in the course.
And I'm happy if you are still

514
00:29:19,120 --> 00:29:21,480
listening cuz you got to get the
code here, right.

515
00:29:22,040 --> 00:29:25,880
So how did I get, how did I
decide that I needed to do this?

516
00:29:26,240 --> 00:29:28,880
I was, I'll tell you, I was
licking my wounds.

517
00:29:28,880 --> 00:29:33,640
I was really not in a good place
after the Great Recession.

518
00:29:34,240 --> 00:29:39,760
I'd had huge dreams on building
a really big national network of

519
00:29:39,760 --> 00:29:43,480
Angel group Angel investors.
Being able to kind of like the

520
00:29:43,480 --> 00:29:47,560
Kretsu forum was my vision.
I was, I was doing this thing,

521
00:29:48,080 --> 00:29:53,440
all of that.
And it just, and so, you know,

522
00:29:53,440 --> 00:29:55,720
we have that kind of
disappointment.

523
00:29:55,720 --> 00:29:57,600
It's somehow sometimes it's hard
to pick yourself up by the

524
00:29:57,600 --> 00:30:00,680
bootstraps and and you know, get
going on this right.

525
00:30:00,680 --> 00:30:03,680
And so do it again because I
didn't want to fail again,

526
00:30:04,160 --> 00:30:06,240
right?
And so my dad was dying.

527
00:30:06,960 --> 00:30:11,080
He had been a highly successful
entrepreneur in his own right.

528
00:30:11,440 --> 00:30:16,640
He had invented something that
wasn't and that changed the

529
00:30:16,640 --> 00:30:18,920
whole industry.
He was the guy that invented the

530
00:30:18,920 --> 00:30:23,520
ability to to put five colors on
a T-shirt.

531
00:30:23,520 --> 00:30:26,600
We take that for granted now,
but prior to that there was only

532
00:30:26,600 --> 00:30:29,480
two colors that people would put
on AT shirt.

533
00:30:29,480 --> 00:30:32,680
And he invented it.
He was an engineer and it's a,

534
00:30:32,840 --> 00:30:35,240
it's a registration thing and a
few other things.

535
00:30:35,440 --> 00:30:38,120
But he invented that and became
the godfather of the screen

536
00:30:38,120 --> 00:30:41,520
printing industry and made some
money in that regard.

537
00:30:43,200 --> 00:30:46,080
And then I realized that he
didn't even do that till he was

538
00:30:46,480 --> 00:30:50,600
50.
And so I was like, oh, my life's

539
00:30:50,600 --> 00:30:52,880
not over.
I can do this.

540
00:30:54,200 --> 00:30:57,720
I'm passionate about it.
Nobody else is passionate about

541
00:30:57,720 --> 00:30:59,840
it.
Most people, the existing

542
00:30:59,840 --> 00:31:04,240
angels, hedge, you know,
brokered private equity funds,

543
00:31:05,200 --> 00:31:09,480
people that kind of in the
space, they would all look at me

544
00:31:09,480 --> 00:31:13,000
like I had a third eye when I
talked about the need for more

545
00:31:13,000 --> 00:31:16,200
angels or how people don't know
how to do it.

546
00:31:16,200 --> 00:31:20,440
And it was almost like, it's to
this day, people almost think

547
00:31:20,440 --> 00:31:23,680
like, oh, you know, like
sprinkle some water out there

548
00:31:23,680 --> 00:31:28,600
and like Pixie dust you grow
angels like those little monkeys

549
00:31:28,600 --> 00:31:32,720
in the water that you get at a
novelty roadside stand or

550
00:31:32,720 --> 00:31:35,680
something, right?
That, you know, it's, it's a,

551
00:31:36,280 --> 00:31:39,160
they just think that they, they
just come, they don't know how

552
00:31:39,200 --> 00:31:42,800
to cultivate.
I had cultivated a whole new

553
00:31:42,800 --> 00:31:47,200
group of them to, in order to
get NBA and I to be as ranked as

554
00:31:47,200 --> 00:31:49,840
it was.
I just didn't have an

555
00:31:49,840 --> 00:31:53,520
operational structure that could
sustain through the Great

556
00:31:53,520 --> 00:31:57,080
Recession because I needed to
learn a few things too.

557
00:31:57,680 --> 00:32:01,880
And so, you know, I said to
myself, the world needs this

558
00:32:01,880 --> 00:32:04,080
message.
They need this message of

559
00:32:04,080 --> 00:32:09,600
financial empowerment and it's
not a secret if it really

560
00:32:09,600 --> 00:32:13,480
shouldn't be a secret, that the
second greatest way to create

561
00:32:13,480 --> 00:32:18,840
wealth is to be an an investor
in a successful entrepreneur.

562
00:32:19,440 --> 00:32:24,760
If you think about it, if you
just like break back the

563
00:32:24,760 --> 00:32:30,720
curtains that blind you on this
idea that Angel investing or and

564
00:32:30,720 --> 00:32:34,680
now crowdfund investing is
something that is bad.

565
00:32:35,240 --> 00:32:38,360
Well, millionaires have been
doing it for 80 years and they

566
00:32:38,360 --> 00:32:40,360
can invest in anything they
want.

567
00:32:40,760 --> 00:32:43,520
And if it was something they
expected to lose their money on,

568
00:32:43,760 --> 00:32:47,720
they they wouldn't do it.
The reason why they do it is

569
00:32:47,720 --> 00:32:50,000
that it's three times more
profitable than real estate and

570
00:32:50,000 --> 00:32:52,040
stocks.
Google it.

571
00:32:52,760 --> 00:32:56,760
OK, you know, and there's a
reason if you know how to do it

572
00:32:56,800 --> 00:32:58,880
now, if you don't know how to do
it, you do it once you do it

573
00:32:58,880 --> 00:33:01,360
just three times, odds are
you'll lose your money.

574
00:33:01,680 --> 00:33:03,880
And you're the ones that drag
down the averages.

575
00:33:04,080 --> 00:33:06,720
If people actually knew how to
do it, if they took my course,

576
00:33:07,800 --> 00:33:12,000
they would it would grow.
It would probably be four or

577
00:33:12,000 --> 00:33:16,800
five times as profitable.
It's, it's currently, if you

578
00:33:16,800 --> 00:33:19,760
just do the basic math and I put
it in the book and the book

579
00:33:19,760 --> 00:33:23,280
Inside Secrets to crowdfund
Investing Jane's Journey, I talk

580
00:33:23,280 --> 00:33:25,480
about it there.
I talk about it in the course.

581
00:33:25,840 --> 00:33:29,160
It is 7 times more profitable
than investing in your 401K.

582
00:33:29,160 --> 00:33:33,120
But everybody says invest in
your 401K when you start a job

583
00:33:34,160 --> 00:33:37,600
and and that's old school.
That's so boomer, right?

584
00:33:38,120 --> 00:33:41,200
And so I have, you know, it and,
and I, I'm not doing the math on

585
00:33:41,200 --> 00:33:44,720
here, but you know, I had to
start a movement if I was going

586
00:33:44,720 --> 00:33:46,960
to leave my thumbprint on the
world.

587
00:33:47,440 --> 00:33:51,800
This is what I wanted it to be.
I wanted to be the person that

588
00:33:52,080 --> 00:33:56,480
revolutionized, that disrupted
an industry and solved A

589
00:33:56,480 --> 00:34:00,400
fundamental problem that brought
more capital into the market to

590
00:34:00,400 --> 00:34:05,520
fund the innovation.
And ultimately, if I'm, when I'm

591
00:34:05,520 --> 00:34:09,159
successful at this and you help
me be this because you join, you

592
00:34:09,159 --> 00:34:12,239
spread the word, right?
All the organizations that I'm

593
00:34:12,239 --> 00:34:17,199
working with and the things that
I'm planting that when this

594
00:34:17,199 --> 00:34:23,480
happens, the economy of the
United States will be so

595
00:34:23,480 --> 00:34:30,480
dominant on innovation that we
will be unstoppable in

596
00:34:30,600 --> 00:34:34,440
everything you can even possibly
not even think of, you can't

597
00:34:34,440 --> 00:34:37,239
even imagine yet.
Because when it's solving

598
00:34:37,600 --> 00:34:43,400
problems of, of disease or, or
agricultural issues or

599
00:34:43,400 --> 00:34:50,040
environmental issues or housing
issues, or, you know, efficiency

600
00:34:50,040 --> 00:34:56,520
issues, everything, nothing in
the marketplace that you take

601
00:34:56,520 --> 00:35:02,160
advantage of as an innovation
came to the market without some

602
00:35:02,160 --> 00:35:07,000
help, financial help.
And, and Microsoft wouldn't be

603
00:35:07,000 --> 00:35:09,440
Microsoft, Amazon wouldn't be
Amazon.

604
00:35:10,480 --> 00:35:15,400
You know, Apple wouldn't exist.
You wouldn't even have Apple.

605
00:35:15,400 --> 00:35:20,160
You wouldn't even have an Apple
iPhone had there not been people

606
00:35:20,280 --> 00:35:24,280
that put money into that company
when it was still in the garage

607
00:35:24,920 --> 00:35:28,360
and then went from the garage
to, you know, the next days in

608
00:35:28,360 --> 00:35:29,880
the next stage, in the next
stage.

609
00:35:30,200 --> 00:35:33,800
So those billionaires that you
admire or hate, whatever it is,

610
00:35:34,240 --> 00:35:40,480
they did it on on the shoulders
of a hundred, 1000 thousands,

611
00:35:40,560 --> 00:35:46,040
whatever investors that put
their money together to back

612
00:35:46,040 --> 00:35:49,960
that technology back that
founder and give them what they

613
00:35:49,960 --> 00:35:53,720
didn't have.
They had the inspiration, they

614
00:35:53,720 --> 00:35:56,960
had the know how, but they
didn't have the money.

615
00:35:57,600 --> 00:35:59,800
And they solve that problem for
them.

616
00:36:00,080 --> 00:36:02,960
And then they ride their
coattails all the way to the

617
00:36:02,960 --> 00:36:07,880
moon and share in their success.
And in the process of doing that

618
00:36:08,120 --> 00:36:12,120
might become a go from 100,000
air to a millionaire, right?

619
00:36:12,560 --> 00:36:18,600
They might go, they might become
a millionaire to a a

620
00:36:18,800 --> 00:36:21,960
quadrillionaire or something.
I don't know, you know what I

621
00:36:21,960 --> 00:36:23,400
mean.
You see what I'm saying?

622
00:36:23,600 --> 00:36:28,040
Even Home Depot had Angel
investors, new concept, right?

623
00:36:28,040 --> 00:36:32,800
Every big, big and big money
person that does big things in

624
00:36:32,800 --> 00:36:37,360
your town with a big business,
they did not do that on credit

625
00:36:37,360 --> 00:36:40,120
card debt and a mortgage on
their house.

626
00:36:40,800 --> 00:36:45,560
They did it with investors.
And I'm offering a pathway for

627
00:36:45,720 --> 00:36:52,000
anybody to participate in that,
that that wealth creation

628
00:36:52,000 --> 00:36:56,200
strategy and leap the wealth gap
for those that are in the

629
00:36:56,200 --> 00:36:58,480
sectors that have been left
behind.

630
00:36:58,680 --> 00:37:01,520
And I'll be quite frank, women
and people of color, because the

631
00:37:01,520 --> 00:37:07,720
laws were stacked against them
that they could not borrow money

632
00:37:07,720 --> 00:37:13,000
to buy a house to start a
business, to get any money on a

633
00:37:13,000 --> 00:37:17,800
business, even get a credit card
like women until 1984 with the

634
00:37:17,920 --> 00:37:20,600
when the Equal Opportunity
Credit Card Act, whatever was

635
00:37:20,600 --> 00:37:24,200
passed, but it was a Supreme
Court decision almost a year a

636
00:37:25,120 --> 00:37:31,800
decade before that, before it
became legislated, they had to

637
00:37:31,800 --> 00:37:38,400
have a man sign cosign for them.
Husband, brother, son, dad,

638
00:37:38,440 --> 00:37:43,680
uncle, didn't matter as long as
they Co signed for the woman.

639
00:37:43,840 --> 00:37:48,160
So the woman can do it right.
And and there were even laws

640
00:37:48,320 --> 00:37:50,960
that didn't allow women to own
companies too at the time.

641
00:37:52,200 --> 00:37:55,720
So you have a whole sector of
the population that didn't start

642
00:37:55,720 --> 00:37:58,920
doing the things that most
everybody started back in in the

643
00:37:58,960 --> 00:38:03,520
end of World War 2 create and
even back further in the

644
00:38:03,520 --> 00:38:07,040
industrial age that you people
were able to participate.

645
00:38:07,040 --> 00:38:12,080
So there's a gap and this is the
way to leap the wealth gap

646
00:38:12,560 --> 00:38:16,200
better than stocks that are just
as volatile as anything else.

647
00:38:16,360 --> 00:38:18,200
And we've seen it in the Great
Recession.

648
00:38:18,520 --> 00:38:21,720
People lost their entire
retirement because of the

649
00:38:21,720 --> 00:38:26,000
downturn in the real estate that
took a decade to come back and

650
00:38:26,000 --> 00:38:28,400
stock market crashed.
It took a decade to come back

651
00:38:28,640 --> 00:38:33,760
and now you know, you can, you
can have impact and you can

652
00:38:33,760 --> 00:38:41,040
control your destiny in such a
large way by learning how to do

653
00:38:41,040 --> 00:38:42,760
this kind of investment.
So if you're going to start a

654
00:38:42,760 --> 00:38:45,480
movement, the compassion
capitalist movement, what do you

655
00:38:45,480 --> 00:38:48,080
got to do?
You know, I'd use that term for

656
00:38:48,080 --> 00:38:50,400
a long time.
I need, we needed to move the

657
00:38:50,400 --> 00:38:53,480
barriers that was that was
happening with the JOBS Act.

658
00:38:54,640 --> 00:38:59,960
And if not for me, then who?
Who would start a movement?

659
00:38:59,960 --> 00:39:04,160
Who would change the world?
Who had enough heart and

660
00:39:04,160 --> 00:39:09,520
gumption to work on it, to punch
up for a decade on this right?

661
00:39:09,600 --> 00:39:14,040
And and you know, but me.
So I wrote my first book, Inside

662
00:39:14,040 --> 00:39:17,360
Secrets to Angel Investing,
right here.

663
00:39:17,360 --> 00:39:21,160
They're watching it's the step
by step strategies to leverage

664
00:39:21,160 --> 00:39:24,120
private equity investment for
passive wealth creation.

665
00:39:24,320 --> 00:39:26,600
What a mouthful.
But you know what I didn't know?

666
00:39:26,600 --> 00:39:29,120
I didn't know that people were
were not going to be looking for

667
00:39:29,120 --> 00:39:31,240
a book on Angel investing.
I thought with the crowdfunding

668
00:39:31,440 --> 00:39:34,320
crowdfunding act, you know,
everybody would be like, Oh my

669
00:39:34,320 --> 00:39:36,280
God, I had no idea I could
invest in entrepreneurs.

670
00:39:36,280 --> 00:39:39,040
I better go learn how to do it.
And I wanted to make sure that

671
00:39:39,040 --> 00:39:41,240
it that investing in
entrepreneurs didn't get a

672
00:39:41,240 --> 00:39:45,480
further black eye because people
invested on emotion because of a

673
00:39:45,480 --> 00:39:48,840
cool video.
And then all of a sudden, they

674
00:39:48,880 --> 00:39:50,840
lost their money.
And they would go, yeah, that

675
00:39:50,840 --> 00:39:53,600
financial planner was right.
My my neighbor was right.

676
00:39:53,600 --> 00:39:56,400
I shouldn't have done it.
And and then they would tell

677
00:39:56,400 --> 00:39:58,440
more people and more people
would tell more people.

678
00:39:58,440 --> 00:39:59,720
And then we would really be
sunk.

679
00:39:59,720 --> 00:40:03,320
And entrepreneurs would really
be Sol when it came to getting

680
00:40:03,480 --> 00:40:06,840
access to more capital, right.
So I wrote this book and it is a

681
00:40:06,840 --> 00:40:11,720
deep serious.
I mean, I do have cartoons in

682
00:40:11,720 --> 00:40:15,640
here that I had created.
I do have some artwork in here.

683
00:40:15,680 --> 00:40:17,480
And so I think I mean, and I do
have, you know, I have like

684
00:40:17,480 --> 00:40:19,280
little quotes.
I got stuff.

685
00:40:19,280 --> 00:40:21,200
I talk about the story of
Oculus.

686
00:40:21,280 --> 00:40:23,880
I got, you know, I talk about
the story of of, you know,

687
00:40:24,000 --> 00:40:27,920
they've been a Jerry that raised
money in a unbelievable kind of

688
00:40:27,920 --> 00:40:31,160
way in Vermont through Angel
local Angel investors, kind of

689
00:40:31,160 --> 00:40:35,000
like the original community
based finance, right.

690
00:40:35,200 --> 00:40:36,760
So I wrote the book.
That's the first thing you got

691
00:40:36,760 --> 00:40:38,160
to do.
You got to write a book, right.

692
00:40:38,360 --> 00:40:41,800
And I knew this I had started,
but you know, it, it was I was

693
00:40:41,800 --> 00:40:44,000
also intimidated by the whole
process.

694
00:40:44,040 --> 00:40:46,520
And it took me a while to
finally get it out from when I

695
00:40:46,520 --> 00:40:48,800
started writing it.
And then I relaunched my

696
00:40:48,800 --> 00:40:50,560
podcast, the compassionate
Capitalist show.

697
00:40:50,560 --> 00:40:54,760
It had been primarily a way to
promote the companies that had

698
00:40:54,760 --> 00:40:57,680
been in our pitch events to my
larger network because nobody

699
00:40:57,680 --> 00:41:03,680
really listened to podcasts back
in, you know, 2000 and 2000.

700
00:41:03,680 --> 00:41:06,040
What was it, 2005?
Nobody really listened to

701
00:41:06,040 --> 00:41:09,160
podcast back then.
But it was a way to get that

702
00:41:09,160 --> 00:41:12,880
500, that group of 500 investors
around the country to see the

703
00:41:12,880 --> 00:41:16,560
deals and stay within laws of
general solicitation because

704
00:41:16,560 --> 00:41:20,840
they were my network, right?
And I needed to have a platform

705
00:41:20,840 --> 00:41:22,520
that I could get into the
earbuds.

706
00:41:22,560 --> 00:41:25,960
You, you that are listening now
to share this message.

707
00:41:25,960 --> 00:41:28,280
And that's what I do about the
Compassionate Capitalist show

708
00:41:28,280 --> 00:41:31,440
talks all about creating wealth
as a successful entrepreneur and

709
00:41:31,440 --> 00:41:34,160
investor, as an entrepreneur and
best practices for that.

710
00:41:34,720 --> 00:41:37,960
And then I spent 20 years now
building content, advising

711
00:41:37,960 --> 00:41:40,000
entrepreneurs and guiding
investors.

712
00:41:40,360 --> 00:41:42,480
And I realized something was
missing.

713
00:41:42,640 --> 00:41:45,600
The book was 1 dimensional.
There's a reality about people

714
00:41:45,600 --> 00:41:47,960
in books.
They'll best laid intentions.

715
00:41:47,960 --> 00:41:52,040
They will open it up, read the
first 100 pages and then it sits

716
00:41:52,040 --> 00:41:54,400
on a shelf.
And I had step by step and

717
00:41:54,400 --> 00:41:57,480
everything and this vast
resource portal that I had built

718
00:41:57,680 --> 00:42:01,360
that had samples of safe
agreements and convertible notes

719
00:42:01,360 --> 00:42:03,840
and private placement and
investor questionnaires and

720
00:42:04,360 --> 00:42:07,320
worksheets to figure out how
much you can invest evaluation

721
00:42:07,560 --> 00:42:12,600
capital, you know, calculators
and cap table examples and and

722
00:42:12,600 --> 00:42:16,040
all this stuff.
So that the first time investor

723
00:42:16,040 --> 00:42:19,040
would know about these things
and it wouldn't be unfamiliar

724
00:42:19,040 --> 00:42:22,160
with them when they started to
and for Angel groups to be able

725
00:42:22,160 --> 00:42:25,000
to use it to bring new members
up to speed.

726
00:42:26,360 --> 00:42:31,360
And you know, it was, but it was
quite evident that people just

727
00:42:31,360 --> 00:42:34,360
didn't know about it, right.
I mean, I network were so the

728
00:42:34,360 --> 00:42:36,480
truth about wealth creation,
right?

729
00:42:36,480 --> 00:42:39,480
And this is my big discovery
really.

730
00:42:39,480 --> 00:42:41,600
Too many main ways to create
wealth.

731
00:42:41,600 --> 00:42:44,320
I kind of hit it on before be a
successful entrepreneur or

732
00:42:44,320 --> 00:42:47,120
invest in entrepreneurs.
The wealthy have always done

733
00:42:47,320 --> 00:42:49,320
both.
Most people think they have to

734
00:42:49,320 --> 00:42:52,760
quit their job, risk everything
and start a business to get

735
00:42:52,760 --> 00:42:55,800
wealthy.
But not everybody's got a great

736
00:42:55,800 --> 00:42:58,680
idea.
Not everybody really wants to do

737
00:42:58,680 --> 00:43:01,160
the work that it takes to be a
successful entrepreneur.

738
00:43:01,400 --> 00:43:05,160
Not everybody can build a multi
$1,000,000 business that

739
00:43:05,160 --> 00:43:08,200
investors have to have in order
to get their multiple on the

740
00:43:08,200 --> 00:43:10,720
money, right?
They're looking for 10X, they

741
00:43:10,720 --> 00:43:13,400
settle for 5X.
They don't want to do one that's

742
00:43:13,400 --> 00:43:16,720
going to do 1X unless they're
like a real estate investor and

743
00:43:16,720 --> 00:43:19,480
they and it's packaged like that
and it's a revenue share, which

744
00:43:19,480 --> 00:43:22,400
is part of the training is
building your Angel

745
00:43:22,400 --> 00:43:26,760
profitability blueprint with
near term income, mid range

746
00:43:26,800 --> 00:43:35,760
exits and long term big wins.
So, you know, if you're going to

747
00:43:35,760 --> 00:43:39,400
create generational wealth, you
have to be able to create a very

748
00:43:39,400 --> 00:43:42,280
big business.
And it gets harder and harder,

749
00:43:42,680 --> 00:43:45,600
you know, all along the way.
And if you can't raise capital,

750
00:43:45,600 --> 00:43:50,040
it's virtually impossible or it
takes 2030 years to do it with

751
00:43:50,040 --> 00:43:52,080
the second generation taking
over.

752
00:43:54,040 --> 00:43:56,880
And I figured out, you know,
with, with entrepreneurs, they

753
00:43:56,880 --> 00:43:59,680
might build a successful
company, but they do one or two,

754
00:43:59,680 --> 00:44:03,880
maybe 3.
A lot of times the ones that are

755
00:44:03,880 --> 00:44:07,600
really successful have had base
hits beforehand.

756
00:44:07,600 --> 00:44:09,360
Not really big hit it out of the
parks.

757
00:44:10,440 --> 00:44:13,280
And I realize there's another
way you can keep your day job

758
00:44:13,280 --> 00:44:16,920
and benefits and financial
security, you know, right now

759
00:44:16,920 --> 00:44:21,080
very what's going to happen
with, you know, benefits and

760
00:44:21,080 --> 00:44:25,400
getting insurance if you're not
on somebody's plan and they're

761
00:44:25,400 --> 00:44:29,360
changing all around 4 O1 KS and
probably not going to even have

762
00:44:29,360 --> 00:44:31,160
matching funds.
And most companies don't.

763
00:44:31,160 --> 00:44:33,640
Most people don't even stay in a
business more than five years.

764
00:44:33,960 --> 00:44:38,560
And so side gigs instead of
doing a side gig that just you

765
00:44:38,560 --> 00:44:43,400
were working time, putting time
into making money, more time.

766
00:44:43,400 --> 00:44:46,440
And to make money, you got your
9:00 to 5:00 and then from 5:00

767
00:44:46,440 --> 00:44:47,800
to 9:00 you're doing something
else.

768
00:44:48,200 --> 00:44:52,360
Instead, learn how to invest.
Start with crowdfund investing

769
00:44:52,600 --> 00:44:56,800
and have fun in your in your 5
to 9.

770
00:44:57,160 --> 00:45:02,320
Put your money to work backing
those entrepreneurs that are

771
00:45:02,320 --> 00:45:06,480
doing something really cool and
amazing and are and are on to

772
00:45:06,480 --> 00:45:10,440
something that can scale.
And you are really passionate

773
00:45:10,440 --> 00:45:13,160
about the problem they're
solving and you love watching

774
00:45:13,160 --> 00:45:15,360
them grow.
The impact you have, the

775
00:45:15,360 --> 00:45:19,160
contribution you're having to
society, the legacy that you're

776
00:45:19,160 --> 00:45:22,840
going to create when that
company is successful, right?

777
00:45:23,520 --> 00:45:28,160
And Jane in my book Inside
Secrets to Crowdfund Investing,

778
00:45:28,720 --> 00:45:36,360
follow follow Jane's journey.
See how new the next generation

779
00:45:36,880 --> 00:45:39,840
builds wealth or the new
generation.

780
00:45:39,840 --> 00:45:40,880
I don't even know the name of a
book.

781
00:45:41,200 --> 00:45:46,920
Find out how the new generation
builds wealth with purpose,

782
00:45:46,920 --> 00:45:49,600
passion, and profit.
Because it's not A next

783
00:45:49,600 --> 00:45:52,640
generation.
It's, it's you this generation,

784
00:45:53,520 --> 00:45:55,880
but it's a new generation in the
way that they're doing it,

785
00:45:56,040 --> 00:45:58,040
right?
It's not, we're not waiting for

786
00:45:58,040 --> 00:46:00,480
the next.
This is something ideal for

787
00:46:00,480 --> 00:46:03,400
millennials, Gen.
Xers, Gen.

788
00:46:03,400 --> 00:46:07,840
Z's because they're up and
coming and even, you know, maybe

789
00:46:07,840 --> 00:46:10,960
people on the on the borderline
of boomerism, right?

790
00:46:10,960 --> 00:46:14,160
Just depends on where you are,
your level of capital, your

791
00:46:14,160 --> 00:46:15,920
gumption, how much you want to
do this.

792
00:46:15,920 --> 00:46:19,000
Did you miss out on building up
a retirement fund?

793
00:46:19,280 --> 00:46:26,160
In the book Jane is like a 50
year old nurse, mid mid tier mid

794
00:46:26,160 --> 00:46:31,280
management nurse grown kids out
of college had saved up for

795
00:46:32,040 --> 00:46:37,800
investing in real estate, saw
how her parents lost their much

796
00:46:37,800 --> 00:46:41,160
of the retirement when they're
they couldn't afford the

797
00:46:41,160 --> 00:46:43,400
additional mortgages on those
property.

798
00:46:43,400 --> 00:46:46,240
That's a myth by the way.
The bank, no, the bank owns it,

799
00:46:46,240 --> 00:46:48,040
not you.
You're just making payments on

800
00:46:48,040 --> 00:46:51,040
that loan.
You know that you can lose all

801
00:46:51,040 --> 00:46:54,640
of that your down payment, all
those payments, all the repairs

802
00:46:54,640 --> 00:46:59,400
you did out the window.
Talk about a big risk.

803
00:46:59,480 --> 00:47:02,960
That's a big risk, OK.
And it happened in more and more

804
00:47:02,960 --> 00:47:06,320
these days it's just an
insurance pay an insurance tick

805
00:47:06,320 --> 00:47:11,760
up or a property tax tick up
that and property taxes are

806
00:47:11,760 --> 00:47:14,920
going up.
You know, if that might put you

807
00:47:14,920 --> 00:47:18,080
underwater on that.
So you know, there's, there's

808
00:47:18,080 --> 00:47:22,480
myths out there that set the
stage because of these

809
00:47:22,480 --> 00:47:26,520
regulations and crowdfunding
real estate became the thing

810
00:47:26,520 --> 00:47:28,640
because all those financial
planners said you could do it.

811
00:47:29,680 --> 00:47:32,680
And you get a postcard that with
a teaching how to do it.

812
00:47:33,480 --> 00:47:35,920
You know, you could go to a
conference and get ACD on how to

813
00:47:35,920 --> 00:47:39,120
do it.
But nobody teaches about Angel

814
00:47:39,120 --> 00:47:42,800
investing, right?
So keep your day job, learn how

815
00:47:42,800 --> 00:47:48,240
to invest in entrepreneurs and
let's shift this this this power

816
00:47:48,240 --> 00:47:51,160
and influence that you know it
has.

817
00:47:51,160 --> 00:47:54,480
You've got to be a entrepreneur
to create wealth.

818
00:47:54,800 --> 00:47:59,560
And let's show people that you
can create wealth by investing

819
00:47:59,560 --> 00:48:06,480
in entrepreneurs.
So if you aren't in that

820
00:48:06,480 --> 00:48:11,440
community that struggles to find
investors that those would

821
00:48:11,440 --> 00:48:16,720
likely invest with, they want to
invest in in, I'm sorry, they

822
00:48:16,720 --> 00:48:20,240
want to invest it with impact to
contribute to the growth in

823
00:48:20,240 --> 00:48:23,800
their community.
The reason why those those first

824
00:48:23,800 --> 00:48:27,480
investors that learned by
losing, they did and they became

825
00:48:27,480 --> 00:48:29,920
a compassionate capitalist is
because they knew that they were

826
00:48:29,920 --> 00:48:32,400
having an impact.
Yes, they were picking the next

827
00:48:32,400 --> 00:48:34,880
big thing, but it was the next
big thing that was solving a

828
00:48:34,880 --> 00:48:37,800
problem that they cared about.
That's why they were willing to

829
00:48:37,800 --> 00:48:41,880
do that and build a large
portfolio that ultimately if

830
00:48:41,880 --> 00:48:43,880
it's diversified.
And I gave the example of four O

831
00:48:43,880 --> 00:48:52,200
1K, 60 companies, $500 a month
for five years, 60 companies, 18

832
00:48:52,200 --> 00:48:55,840
of them go out of business just
like and you still make 7 times

833
00:48:55,840 --> 00:48:59,520
the amount you would make on a
four O 1K with a in the money

834
00:48:59,520 --> 00:49:02,960
market.
So all of that, right?

835
00:49:02,960 --> 00:49:08,160
So the key is strategies,
diversification and consistency.

836
00:49:08,160 --> 00:49:11,640
That's how portfolios are built
and wealth is grown.

837
00:49:12,440 --> 00:49:15,520
And so I've kept hitting a wall.
I've been doing this for 10

838
00:49:15,520 --> 00:49:21,200
years longer in in talking about
this and and I took a lot of

839
00:49:21,200 --> 00:49:25,640
analysis on the belief patterns,
the emotional elements of it,

840
00:49:25,640 --> 00:49:29,440
all of that stuff to break the
code to figure it out and I have

841
00:49:29,440 --> 00:49:31,720
figured it out.
So let's look at the false

842
00:49:31,720 --> 00:49:35,240
beliefs, right real quick.
There are these are the lies

843
00:49:35,240 --> 00:49:39,920
that that people tell themselves
about why they can't invest that

844
00:49:39,920 --> 00:49:44,320
I overcome with the training and
in Jane's story, not in this

845
00:49:44,320 --> 00:49:45,840
book, but in the in the new
book.

846
00:49:46,120 --> 00:49:51,880
OK, that will be released.
OK, I'm running a promo this

847
00:49:51,880 --> 00:49:55,960
week through Labor Day.
OK, put your money to work.

848
00:49:55,960 --> 00:49:59,800
Start your hard earned money to
work working for you by getting

849
00:49:59,800 --> 00:50:04,480
the course and by getting the
book 50% off if you do it before

850
00:50:04,480 --> 00:50:07,880
Labor Day when you hear this, if
you're missing this after Labor

851
00:50:07,880 --> 00:50:11,960
Day, the code in the show notes
will get get to 25% off.

852
00:50:12,480 --> 00:50:18,080
I'll go ahead and tell you now,
it's CA-25 and Jane 25, five

853
00:50:18,240 --> 00:50:21,280
chapter for Compassion Analyst
Academy and California 25, but

854
00:50:21,280 --> 00:50:24,360
it's in the show notes.
Here's the false beliefs.

855
00:50:24,520 --> 00:50:27,360
I don't know enough.
You don't need an MBA.

856
00:50:27,520 --> 00:50:30,320
You need a framework.
That's what my books and my

857
00:50:30,320 --> 00:50:32,840
books and Academy provide.
I don't have the time.

858
00:50:33,200 --> 00:50:35,840
Learning doesn't require hours
every day.

859
00:50:35,840 --> 00:50:39,040
It's a step by step system.
That means you learn as you go

860
00:50:39,040 --> 00:50:41,800
and you can do a lot of it.
You can do it on a Saturday, you

861
00:50:41,800 --> 00:50:44,000
can do it at night, you can do
whatever to learn the system.

862
00:50:44,280 --> 00:50:49,320
And then when you start to build
your portfolio, Jane, Jane fit

863
00:50:49,320 --> 00:50:53,720
like, you know, she stops
scrolling and looking at reels

864
00:50:53,720 --> 00:50:58,560
on cats or political fighting or
this, that, or the other thing

865
00:50:58,760 --> 00:51:01,680
and starts looking at exciting
things that are happening that

866
00:51:01,680 --> 00:51:06,240
she's juiced about that She's
like, Oh my God, like, because

867
00:51:06,480 --> 00:51:08,320
she's watching the videos of
these entrepreneurs that are

868
00:51:08,320 --> 00:51:10,640
doing crazy, crazy exciting
things.

869
00:51:10,640 --> 00:51:12,960
Right.
I don't have enough money.

870
00:51:13,240 --> 00:51:17,560
Crowdfund investing allows you
to start with as little as $100.

871
00:51:17,960 --> 00:51:20,760
Now you know that that you
aren't going to build, you know,

872
00:51:20,960 --> 00:51:23,080
$100 ain't going to get you
$100,000.

873
00:51:23,440 --> 00:51:26,760
You might get you $1000 on a big
exit, but it's OK to start

874
00:51:26,760 --> 00:51:29,280
because it's OK.
It's not that much to lose.

875
00:51:29,560 --> 00:51:32,360
So you can figure it out.
And that's that idea about the

876
00:51:32,360 --> 00:51:35,680
500 a month came from Jason
Kakanis when he talked about

877
00:51:35,680 --> 00:51:38,440
what he would do if he could go
back and talk to his 20 year old

878
00:51:38,440 --> 00:51:42,000
self and do and and start
investing in entrepreneurs on

879
00:51:42,000 --> 00:51:44,520
crowdfunding rather than
starting his first business,

880
00:51:45,720 --> 00:51:47,560
right.
And so, you know, he said he

881
00:51:47,560 --> 00:51:51,400
would join a company, learn the
insurance and outs of

882
00:51:51,400 --> 00:51:54,120
corporations so he could build a
company successfully himself.

883
00:51:54,120 --> 00:51:56,000
What worked?
What didn't work, you know,

884
00:51:56,000 --> 00:51:59,120
instead of failing his way to
figuring that out.

885
00:51:59,360 --> 00:52:02,560
And he would get paid while he
did it and he would, you know,

886
00:52:02,560 --> 00:52:05,400
have benefits and he would
invest.

887
00:52:05,680 --> 00:52:11,120
OK, Yeah, I'm not smart enough.
Well, you know, with the right

888
00:52:11,120 --> 00:52:13,800
guidance, you don't need to be a
financial wizard.

889
00:52:14,000 --> 00:52:17,840
You just need to follow the
proven principles that work for

890
00:52:17,840 --> 00:52:21,640
people that are evaluating the
entrepreneur opportunities and

891
00:52:21,640 --> 00:52:25,800
learning discernment and and
following their own thing.

892
00:52:25,800 --> 00:52:29,880
They don't digress, you know.
And in the course I talked all

893
00:52:29,880 --> 00:52:32,120
about the mistakes and
entrepreneurs that investors

894
00:52:32,120 --> 00:52:33,960
make.
So you don't have to make those

895
00:52:33,960 --> 00:52:36,320
mistakes.
You won't if you follow it.

896
00:52:36,920 --> 00:52:40,680
I'm too old to start.
It's never too late to diversify

897
00:52:40,680 --> 00:52:44,800
your wealth strategy.
Everyone, every single smart

898
00:52:44,800 --> 00:52:49,200
investment can create
generational impact, right?

899
00:52:49,600 --> 00:52:53,640
As long as you, you can even
invest in the ones just you just

900
00:52:53,640 --> 00:52:56,200
change your portfolio.
And I talk about that in the

901
00:52:56,200 --> 00:53:01,400
book, how depending on your risk
tolerance, how you structure,

902
00:53:01,720 --> 00:53:04,360
you know your, your 10 initial
investments.

903
00:53:04,680 --> 00:53:07,560
So what's the solution?
Knowing all this, the book, the

904
00:53:07,560 --> 00:53:11,680
first one, open the door with
all the resources that I talked

905
00:53:11,680 --> 00:53:16,320
about, The second book, inside
secrets to crowdfund investing.

906
00:53:16,560 --> 00:53:24,640
Follow Jane's journey, see how a
new generation is creating.

907
00:53:24,640 --> 00:53:29,520
Well, it builds wealth with
therapist passion and profit,

908
00:53:29,760 --> 00:53:33,160
right?
Making it relatable and

909
00:53:33,160 --> 00:53:38,320
accessible for everyone.
That book too, right, Because it

910
00:53:38,320 --> 00:53:40,520
needed to be this other one was
it was dry.

911
00:53:40,520 --> 00:53:42,280
It's hard.
It's like it, you got to be

912
00:53:42,280 --> 00:53:45,280
really, you know, it's not an
easy read and it's dense if

913
00:53:45,280 --> 00:53:47,920
people come back to it, if
they're really loyal to it, but

914
00:53:47,920 --> 00:53:51,000
they really needed a way to
bring it in life.

915
00:53:51,360 --> 00:53:55,720
And that's the compassion Alist
Academy, beginning and advanced

916
00:53:55,720 --> 00:53:59,000
training all the way through,
plus a vast resource portal to

917
00:53:59,000 --> 00:54:01,360
guide you step by step.
And guess what?

918
00:54:01,560 --> 00:54:05,640
If you buy the first course, if
you buy a course in there and

919
00:54:05,640 --> 00:54:09,280
then it's not cheap because
there's literally 70 plus

920
00:54:09,280 --> 00:54:12,760
lessons in there.
You get the books, they come

921
00:54:12,760 --> 00:54:15,480
with it.
So you can buy a book for 20

922
00:54:15,480 --> 00:54:20,200
some odd dollars, right, and get
a discount code, or you can buy

923
00:54:20,200 --> 00:54:22,840
the course and get both digital
versions of them.

924
00:54:23,600 --> 00:54:26,880
So whether you want to dip your
toe in or build a full port to

925
00:54:26,920 --> 00:54:31,400
foil portfolio with strategy.
Now there is a road map, right?

926
00:54:31,400 --> 00:54:33,880
Getting started everything that
you need.

927
00:54:34,240 --> 00:54:37,720
And at the very least, you
should take the the basics.

928
00:54:37,880 --> 00:54:40,680
So you can decide if even if
this asset class is right for

929
00:54:40,680 --> 00:54:42,280
me.
Do you want to commit the time

930
00:54:42,280 --> 00:54:45,600
and money to be successful at
it, to build your own financial

931
00:54:45,600 --> 00:54:50,200
legacy and bring it all full
circle from secret society to

932
00:54:50,280 --> 00:54:53,480
open opportunity, from barriers
to accessible tools?

933
00:54:54,120 --> 00:54:59,600
I believe that the next great
wealth movement is this.

934
00:55:00,480 --> 00:55:03,960
They've been talking about this
great like the the transfer of

935
00:55:03,960 --> 00:55:07,600
assets, you know, this
generational transfer of assets.

936
00:55:07,760 --> 00:55:10,960
So if you're one of those that
is getting those assets, you

937
00:55:10,960 --> 00:55:14,520
know, even if they like you get
a piece of property that you

938
00:55:14,520 --> 00:55:17,520
don't want to deal with the
property management, you don't

939
00:55:17,520 --> 00:55:22,520
make that much money on it, sell
it and put that money into

940
00:55:22,520 --> 00:55:27,840
companies. 20 grand won't buy
you a a piece of property, but

941
00:55:27,840 --> 00:55:33,000
20 grand will build you a 10
company portfolio, right?

942
00:55:33,400 --> 00:55:36,480
You know, or more.
And then as you make money, you

943
00:55:36,480 --> 00:55:39,480
get something that you do just
like you would be putting $1000

944
00:55:39,480 --> 00:55:42,800
into a piece of property if you
owned it or $2000 on your

945
00:55:42,800 --> 00:55:45,600
mortgage payment if you got the
cash to do that.

946
00:55:45,600 --> 00:55:50,200
Put that into a company and
build a portfolio of 60.

947
00:55:50,240 --> 00:55:54,720
Oh my God, the wealth you would
create with 60 investments and

948
00:55:54,720 --> 00:55:58,120
doesn't happen overnight.
It takes time and patience, but

949
00:55:58,280 --> 00:56:03,640
it'll happen.
I, you know, just anyway.

950
00:56:04,040 --> 00:56:07,160
So I am inviting you to buy the
new book.

951
00:56:07,840 --> 00:56:09,920
Let's see if I get it right.
Inside Secrets to Crowdfund

952
00:56:09,920 --> 00:56:12,920
investing.
Follow Jane's journey.

953
00:56:13,080 --> 00:56:19,000
See how the new generation
builds wealth with purpose,

954
00:56:19,000 --> 00:56:20,720
passion and profit.
You get it.

955
00:56:20,720 --> 00:56:23,280
But kind of like for us old
school people that used to do

956
00:56:23,320 --> 00:56:28,240
used to read the The Reading
Primer, follow see Dick and Jane

957
00:56:28,240 --> 00:56:31,920
run.
So follow Jane's journey, see a

958
00:56:31,920 --> 00:56:34,720
new generation, right?
It's the best starting place.

959
00:56:34,720 --> 00:56:37,120
If you're not really certain, if
this is for you, not ready to

960
00:56:37,120 --> 00:56:40,160
commit the time and money for a
course, then get the book.

961
00:56:40,680 --> 00:56:46,040
Kindle's going to be like 10
bucks and paperbacks like 20-5

962
00:56:46,040 --> 00:56:47,680
something like that and use the
discount.

963
00:56:47,760 --> 00:56:50,160
Get it during the pre launch.
Help me become a bestseller

964
00:56:50,160 --> 00:56:52,040
author so more people know about
it.

965
00:56:52,880 --> 00:56:56,600
And we and I want just want you
to know that you can create

966
00:56:56,600 --> 00:56:58,240
wealth.
You don't need to quit your job.

967
00:56:58,600 --> 00:57:01,800
You don't need to have millions.
You just need to start.

968
00:57:01,840 --> 00:57:06,360
Start with this knowledge step
with start with one step.

969
00:57:06,600 --> 00:57:13,440
Start today and use the code
CA-25 to take 25% off your first

970
00:57:13,440 --> 00:57:17,320
purchase of the codes or get
both books and or get the book

971
00:57:17,680 --> 00:57:21,520
of the pre launch 50% off if you
just go to the pre launch on

972
00:57:21,520 --> 00:57:25,160
Amazon in the first before Labor
Day.

973
00:57:25,640 --> 00:57:29,560
And if you missed that then use
the code and get a discount on

974
00:57:29,560 --> 00:57:31,320
that too.
And with that, I'm going to say

975
00:57:31,320 --> 00:57:34,440
onwards and upwards.
Have a great day.

976
00:57:37,160 --> 00:57:40,360
Thank you for listening to this
podcast, The Compassionate

977
00:57:40,360 --> 00:57:44,200
Capitalist Show, brought to you
by Cougar and Capital Holdings

978
00:57:44,480 --> 00:57:50,840
with Karen Brands as host.
You are encouraged to visit the

979
00:57:50,840 --> 00:57:55,760
website cougarand.com to learn
more about how Karen and her

980
00:57:55,760 --> 00:57:59,680
team help investors and Angel
groups make money by avoiding

981
00:57:59,680 --> 00:58:04,000
investing in deals that suck,
and how the Cougar and Capital

982
00:58:04,000 --> 00:58:07,440
companies and partners help
entrepreneurs breakthrough their

983
00:58:07,440 --> 00:58:10,360
barriers to capital and live
their dream by building

984
00:58:10,360 --> 00:58:13,600
companies that can scale and
create generational wealth for

985
00:58:13,600 --> 00:58:17,840
their founders and investors.
If your business could benefit

986
00:58:17,840 --> 00:58:21,760
from exposure to our audience of
business executives,

987
00:58:22,000 --> 00:58:25,360
entrepreneurs, and investors, we
are seeking financial partners

988
00:58:25,360 --> 00:58:27,960
and sponsors for The
Compassionate Capitalist Show to

989
00:58:27,960 --> 00:58:32,000
help us take this podcast beyond
our 150,000 listeners and

990
00:58:32,000 --> 00:58:34,960
amplify the message of the
compassionate capitalist

991
00:58:34,960 --> 00:58:39,080
movement by making this a Top 50
business podcast.

992
00:58:39,640 --> 00:58:42,240
The Compassionate Capitalist
Show is available on YouTube,

993
00:58:42,240 --> 00:58:46,440
Apple podcast, iTunes, TuneIn,
Stitcher, Spotify, Pandora, and

994
00:58:46,640 --> 00:58:50,480
Google podcast.
Contact us at karenrand.co to

995
00:58:50,560 --> 00:58:53,400
learn more.
And as a listener, you can do

996
00:58:53,400 --> 00:58:55,480
your part of the Compassionate
Capitalist movement by

997
00:58:55,480 --> 00:59:00,080
subscribing wherever you listen
to podcasts and sharing this

998
00:59:00,080 --> 00:59:02,880
show with your friends and
colleagues.

999
00:59:03,120 --> 00:59:07,720
Be sure to pick up your copy of
Karen's bestseller that launched

1000
00:59:07,720 --> 00:59:09,280
the Compassionate Capitalist
movement.

1001
00:59:09,520 --> 00:59:11,600
Inside secrets to Angel
investing.

1002
00:59:11,920 --> 00:59:15,560
A step by step strategies to
leverage private equity

1003
00:59:15,560 --> 00:59:17,920
investment for passive wealth
creation.

1004
00:59:19,640 --> 00:59:20,600
Thank you for listening.