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ENTREPRENEURS

How Real Madrid’s Cristiano Ronaldo Spends His Millions

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ENTREPRENEURS

This Entrepreneur’s Led An IPO, ICO, And Actually Did What The McMahons Couldn’t. (Penetrate China.) Here’s How He Did It

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In the world of startups and entrepreneurships, you have a lot of talk, a lot of dreams, a lot of hype and — ultimately — a lot of disappointments.

But that’s life. It’s a small world. And it doesn’t take long to get found out if you’re not the real deal.

In this Q&A, however, we brought the heat.

David Chen is a Millennial entrepreneur with the experience of a Wall Street retiree.

Billion-dollar merger? Check.

Awards? Check.

Multiple startup exits? Check.

Successful ICO? Check that, too.

And perhaps, most impressively, Dave’s managed to do something even the McMahons of the WWE couldn’t — penetrate the Chinese market successfully.

In this Q&A, we ask him why entrepreneurs fail to raise money, even if they have a good idea (hint: ideas ain’t shit), the first thing you need to do, and, finally, what the best industries were.

Enjoy. 

Let’s get right to it. What’s the main thing stopping entrepreneurs from raising money?

Knowing their audience. You can’t assume that you know something and that it works at one region, but not the rest. It’s a relationship—and most of the times there aren’t relationships out there.

Secondly, you don’t approach someone in esports like you would in commercial. So my FaZe Clan pitch is different from my commloan pitch. 

When is the right time to raise money — and what’s the first thing an entrepreneur needs to do?

There is never a right time, there’s only a right project. Know all your answers, make it simple. If a 10-year-old doesn’t understand it, redo the pitch.

You’re on a number of boards of startups. What’s one you’re bullish on at the moment?

I love them all. Sharebert was named Forbes’ top 23 in tech innovation. Commloan has done over a billion in funding—and I’m a customer.

FaZe Clan is the largest esports team with 300M subscribers and 10B views last year. And Micamp 20/20 does the best credit card processing.

What’s the best startup play — or sector — right now?

Sharebert is a great startup play because the tech is there. The management team is there. The need is there. It’s just there.

FaZe Clan is great because they have the global market, viewership—and they’re different.

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W-key? Nah 📺 @cloakzy #Fortnite #FaZeUp

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What’s the next frontier for start up world.

I see China as the next market.

Why do you say that?

I say that because they have 44% of the world’s population. And if you don’t work with them it, they’ll just do it themselves.

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ENTREPRENEURS

This Millennial Makes 6 Figures From Selling Other Peoples Stuff

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Check out how this 32-year-old, Mark Meyer, started his business with a $400 loan. He is now making six figures, by selling other peoples items on Ebay and Amazon. He mostly gets his inventory from police auctions, liquidations and abandoned storage sales.

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ENTREPRENEURS

How Dwayne Johnson Became The Biggest Box Office Draw In History

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Dwayne Johnson’s earnings haul has been nothing short of scintillating. In 1998, at 26, he became the then-youngest WWE champion of all time.

Fast forward 20 years later, Dwayne Johnson’s wrestled his way to top of Hollywood’s food chain: For one, he’s the world’s highest paid actor. And he recently became the biggest draw in Hollywood history.

Johnson climbed the Forbes’ rankings to clinch the top spot as the world’s biggest star, trumping fellow actors like George Clooney and Robert Downey Jr.

The Rock’s scripted a superstar success story when it comes to entrepreneurship. After launching his production house with ex-wife, Dwayne soon expanded its operations to cover content strategy for social media platforms.

This big move helped them increase their global footprint.

Several endorsements, WWE stints and numerous action films later, Johnson now commands earnings of eight figures for films and shows. And his journey has only got more exciting by the day.

Bob Iger Insight

Happy to share a lil’ insight from an invaluable mentor and friend, Bob Iger. CEO of one of the most trusted and beloved brands the world has ever known. Building a global brand takes time.10, 20, 30 years.. even more. Sure it takes relentless hard work, passion & vision, but the main thing it takes is TRUST. Building that trust with your audience where they know and believe that you’ll always do your best to deliver a fun, memorable EXPERIENCE. And like any successful relationship, it takes years to build up and you always gotta take care of it with your own two hands. #TimeAndTrust 🌎

Posted by Dwayne The Rock Johnson on Friday, July 20, 2018

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