welcome back to lightning round an email of the week so LinkedIn which is a great
of the week so LinkedIn which is a great
of the week so LinkedIn which is a great site one of the more useful sites out
site one of the more useful sites out
site one of the more useful sites out there even though early on I used to
there even though early on I used to
there even though early on I used to bash them for spamming everyone um so
bash them for spamming everyone um so
bash them for spamming everyone um so LinkedIn looked at all the data it has
LinkedIn looked at all the data it has
LinkedIn looked at all the data it has on founders and I decided to come up
on founders and I decided to come up
on founders and I decided to come up with some kind of you know profile or
with some kind of you know profile or
with some kind of you know profile or template of the typical founder which
template of the typical founder which
template of the typical founder which led to the question usually is a founder
led to the question usually is a founder
led to the question usually is a founder of you need to have some leadership
of you need to have some leadership
of you need to have some leadership skills our leaders born remain in your
skills our leaders born remain in your
skills our leaders born remain in your opinion well I think leaders are both
opinion well I think leaders are both
opinion well I think leaders are both born and me no no none of this boat one
born and me no no none of this boat one
born and me no no none of this boat one are leaders born or me um leaders are
are leaders born or me um leaders are
are leaders born or me um leaders are made I think it really has to do with
made I think it really has to do with
made I think it really has to do with with your environment I mean you know
with your environment I mean you know
with your environment I mean you know you could be the son of a congressman
you could be the son of a congressman
you could be the son of a congressman you could still be a doofus you know
you could still be a doofus you know
you could still be a doofus you know even if he’s given the the greatest
even if he’s given the the greatest
even if he’s given the the greatest opportunities in the world he can still
opportunities in the world he can still
opportunities in the world he can still be a moron but I think that you know if
be a moron but I think that you know if
be a moron but I think that you know if you take that that kid and give him a
you take that that kid and give him a
you take that that kid and give him a great education and you know give him a
great education and you know give him a
great education and you know give him a mentor and someone he can he can look up
mentor and someone he can he can look up
mentor and someone he can he can look up to and learn from and model then yes you
to and learn from and model then yes you
to and learn from and model then yes you can make make a leader yeah I actually
can make make a leader yeah I actually
can make make a leader yeah I actually agree this is an extension of the nature
agree this is an extension of the nature
agree this is an extension of the nature versus nurture argument that French
versus nurture argument that French
versus nurture argument that French philosopher jean-jacques who saw the key
philosopher jean-jacques who saw the key
philosopher jean-jacques who saw the key is like I started watchmojo 27 I’m not
is like I started watchmojo 27 I’m not
is like I started watchmojo 27 I’m not saying I had the leadership thing down
saying I had the leadership thing down
saying I had the leadership thing down there’s no way I was ready to lead a
there’s no way I was ready to lead a
there’s no way I was ready to lead a company when I was 20 or 21 I was the
company when I was 20 or 21 I was the
company when I was 20 or 21 I was the same person but I needed to go through
same person but I needed to go through
same person but I needed to go through that I think the key is also not just
that I think the key is also not just
that I think the key is also not just the skills and the experiences it’s just
the skills and the experiences it’s just
the skills and the experiences it’s just that willingness to lead and what that
that willingness to lead and what that
that willingness to lead and what that entails okay right so amazon is
entails okay right so amazon is
entails okay right so amazon is launching a kindle tablet do you think
launching a kindle tablet do you think
launching a kindle tablet do you think that amazon stands a chance I think of
that amazon stands a chance I think of
that amazon stands a chance I think of all the companies out there more so than
all the companies out there more so than
all the companies out there more so than the PC makers amazon does stand a chance
the PC makers amazon does stand a chance
the PC makers amazon does stand a chance if you take a look at what they did with
if you take a look at what they did with
if you take a look at what they did with the kindle it was like it wasn’t a tech
the kindle it was like it wasn’t a tech
the kindle it was like it wasn’t a tech solution they basically duplicated the
solution they basically duplicated the
solution they basically duplicated the experience of reading a book i think
experience of reading a book i think
experience of reading a book i think with the tablet if you consider the
with the tablet if you consider the
with the tablet if you consider the strength that they have in music the
strength that they have in music the
strength that they have in music the strength that they have in books and the
strength that they have in books and the
strength that they have in books and the strength that they might have with video
strength that they might have with video
strength that they might have with video if they do indeed go out and buy hulu
if they do indeed go out and buy hulu
if they do indeed go out and buy hulu which is not a given but they are in the
which is not a given but they are in the
which is not a given but they are in the lead then I think that Amazon can
lead then I think that Amazon can
lead then I think that Amazon can definitely own the space as a good
definitely own the space as a good
definitely own the space as a good number two if you combine that with the
number two if you combine that with the
number two if you combine that with the cash that they have the market cap but
cash that they have the market cap but
cash that they have the market cap but they have all the data that they have on
they have all the data that they have on
they have all the data that they have on what you like what your friends like
what you like what your friends like
what you like what your friends like then I think if they price it correctly
then I think if they price it correctly
then I think if they price it correctly at about two three hundred dollars I
at about two three hundred dollars I
at about two three hundred dollars I think they will probably become the
think they will probably become the
think they will probably become the number two and what you’ll have is
number two and what you’ll have is
number two and what you’ll have is you’ll have apple at the sort of higher
you’ll have apple at the sort of higher
you’ll have apple at the sort of higher number one more tech applications and
number one more tech applications and
number one more tech applications and then you’ll have Amazon at the number
then you’ll have Amazon at the number
then you’ll have Amazon at the number two which is a lower cost entry which
two which is a lower cost entry which
two which is a lower cost entry which basically is going to be a great
basically is going to be a great
basically is going to be a great entertainment tool so I think yeah they
entertainment tool so I think yeah they
entertainment tool so I think yeah they definitely do have a chance probably
definitely do have a chance probably
definitely do have a chance probably better than anyone else yeah great um so
better than anyone else yeah great um so
better than anyone else yeah great um so there are I mean there are a lot of
there are I mean there are a lot of
there are I mean there are a lot of emerging markets these days I mean India
emerging markets these days I mean India
emerging markets these days I mean India China all over the world you know new
China all over the world you know new
China all over the world you know new technologies coming out of different
technologies coming out of different
technologies coming out of different countries other than the US so if you
countries other than the US so if you
countries other than the US so if you had to choose one China or India what
had to choose one China or India what
had to choose one China or India what would it be that’s a tough decision I
would it be that’s a tough decision I
would it be that’s a tough decision I think if you were selling products and
think if you were selling products and
think if you were selling products and goods you should focus on China because
goods you should focus on China because
goods you should focus on China because China’s GDP per person is like twice as
China’s GDP per person is like twice as
China’s GDP per person is like twice as much as India’s if not more but I think
much as India’s if not more but I think
much as India’s if not more but I think if you are in the media and yeah if
if you are in the media and yeah if
if you are in the media and yeah if you’re in the media space given how
you’re in the media space given how
you’re in the media space given how China’s government is let’s just say
China’s government is let’s just say
China’s government is let’s just say concerned and protective you would want
concerned and protective you would want
concerned and protective you would want to focus on India because also the
to focus on India because also the
to focus on India because also the language factor is a lot there’s no
language factor is a lot there’s no
language factor is a lot there’s no language barrier in India because
language barrier in India because
language barrier in India because English is widely spoken so if you’re in
English is widely spoken so if you’re in
English is widely spoken so if you’re in media I think if you had to pick one
media I think if you had to pick one
media I think if you had to pick one India if you’re selling goods China good
India if you’re selling goods China good
India if you’re selling goods China good good to know anyways so there’s been a
good to know anyways so there’s been a
good to know anyways so there’s been a lot of turmoil in the Middle East a lot
lot of turmoil in the Middle East a lot
lot of turmoil in the Middle East a lot of uprisings yeah well you haven’t you
of uprisings yeah well you haven’t you
of uprisings yeah well you haven’t you ever read well so that that takes me to
ever read well so that that takes me to
ever read well so that that takes me to my question is is social media overrated
my question is is social media overrated
my question is is social media overrated in it with its and yeah don’t exactly oh
in it with its and yeah don’t exactly oh
in it with its and yeah don’t exactly oh not really I mean you know I think I’m i
not really I mean you know I think I’m i
not really I mean you know I think I’m i was born in Iran so I not an expert on
was born in Iran so I not an expert on
was born in Iran so I not an expert on the area but I know how hard it is for a
the area but I know how hard it is for a
the area but I know how hard it is for a lot of the folks who are against the
lot of the folks who are against the
lot of the folks who are against the establishment to actually get anything
establishment to actually get anything
establishment to actually get anything done I wouldn’t say that I think social
done I wouldn’t say that I think social
done I wouldn’t say that I think social media if you think Twitter and Facebook
media if you think Twitter and Facebook
media if you think Twitter and Facebook are the reason why there is change in
are the reason why there is change in
are the reason why there is change in Tunisia Libya and Egypt I think that’s
Tunisia Libya and Egypt I think that’s
Tunisia Libya and Egypt I think that’s false but I think if you say that
false but I think if you say that
false but I think if you say that Twitter and Facebook acted as catalysts
Twitter and Facebook acted as catalysts
Twitter and Facebook acted as catalysts accelerators enablers then their role is
accelerators enablers then their role is
accelerators enablers then their role is actually not at all under overrated you
actually not at all under overrated you
actually not at all under overrated you could even argue it’s underrated because
could even argue it’s underrated because
could even argue it’s underrated because the first freedoms that go during a
the first freedoms that go during a
the first freedoms that go during a press of times or the freedom of the
press of times or the freedom of the
press of times or the freedom of the press and the freedom of together with
press and the freedom of together with
press and the freedom of together with others so in that sense I think if
others so in that sense I think if
others so in that sense I think if anybody says oh my god technology
anybody says oh my god technology
anybody says oh my god technology brought down Mubarak know the people did
brought down Mubarak know the people did
brought down Mubarak know the people did but technology enabled it
but technology enabled it
but technology enabled it absolutely so what’s the email the week
absolutely so what’s the email the week
absolutely so what’s the email the week this week so Roger from Miami wants to
this week so Roger from Miami wants to
this week so Roger from Miami wants to know what’s the biggest mistake you’ve
know what’s the biggest mistake you’ve
know what’s the biggest mistake you’ve done in fundraising the biggest how much
done in fundraising the biggest how much
done in fundraising the biggest how much time do you have no jokes aside it’s
time do you have no jokes aside it’s
time do you have no jokes aside it’s funny the timing because James all
funny the timing because James all
funny the timing because James all Tucker actually came out with an article
Tucker actually came out with an article
Tucker actually came out with an article on negotiation versus selling which is
on negotiation versus selling which is
on negotiation versus selling which is actually very similar to an article I
actually very similar to an article I
actually very similar to an article I wrote two years ago on why good sales
wrote two years ago on why good sales
wrote two years ago on why good sales people tend to make really really bad
people tend to make really really bad
people tend to make really really bad fundraisers I think I’m a pretty good
fundraisers I think I’m a pretty good
fundraisers I think I’m a pretty good sales guy I could go in convince people
sales guy I could go in convince people
sales guy I could go in convince people hey what does it take to get a deal done
hey what does it take to get a deal done
hey what does it take to get a deal done what are the obstacles how do we come up
what are the obstacles how do we come up
what are the obstacles how do we come up with a win-win deal that we’re both
with a win-win deal that we’re both
with a win-win deal that we’re both happy with in like a year or six months
happy with in like a year or six months
happy with in like a year or six months or five years those are the absolute
or five years those are the absolute
or five years those are the absolute worst traits to have if you’re trying to
worst traits to have if you’re trying to
worst traits to have if you’re trying to raise capital I think raising capital is
raise capital I think raising capital is
raise capital I think raising capital is like trying to get married or data girl
like trying to get married or data girl
like trying to get married or data girl you have to be I hate to say you have to
you have to be I hate to say you have to
you have to be I hate to say you have to be a bit of a challenge if you show your
be a bit of a challenge if you show your
be a bit of a challenge if you show your interest too much if you put your cards
interest too much if you put your cards
interest too much if you put your cards on the table the other party you know
on the table the other party you know
on the table the other party you know they sort of it that gets to their head
they sort of it that gets to their head
they sort of it that gets to their head so the biggest mistake i’ve done is
so the biggest mistake i’ve done is
so the biggest mistake i’ve done is approach fundraising like I approach
approach fundraising like I approach
approach fundraising like I approach sales or just a business partnership I
sales or just a business partnership I
sales or just a business partnership I think you have to be a challenge
think you have to be a challenge
think you have to be a challenge basically that’s the biggest mistake
basically that’s the biggest mistake
basically that’s the biggest mistake I’ve done but I’ve done many other
I’ve done but I’ve done many other
I’ve done but I’ve done many other mistakes for sure that’s been this way
mistakes for sure that’s been this way
mistakes for sure that’s been this way that’s been this week so hopefully CT
that’s been this week so hopefully CT
that’s been this week so hopefully CT more gets out of his argument with
more gets out of his argument with
more gets out of his argument with Arianna Huffington and will join us next
Arianna Huffington and will join us next
Arianna Huffington and will join us next week thanks again for your time
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