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Kevin O'Leary

👤 Speaker
2651 total appearances

Appearances Over Time

Podcast Appearances

Mick Unplugged
Risk, Reward, and Royalty: Kevin O’Leary Unplugged

But that's it.

Mick Unplugged
Risk, Reward, and Royalty: Kevin O’Leary Unplugged

You know, an entrepreneur could work five years and that's just a rounding error of their outcome.

Mick Unplugged
Risk, Reward, and Royalty: Kevin O’Leary Unplugged

They could get 35, they get $350 million outcome, but a consultant just floats in that sea of mediocrity forever.

Mick Unplugged
Risk, Reward, and Royalty: Kevin O’Leary Unplugged

And the more hours they build, they make a little bit more, but they never achieve greatness.

Mick Unplugged
Risk, Reward, and Royalty: Kevin O’Leary Unplugged

They've never done anything of consequence.

Mick Unplugged
Risk, Reward, and Royalty: Kevin O’Leary Unplugged

And then there's that horrible outcome.

Mick Unplugged
Risk, Reward, and Royalty: Kevin O’Leary Unplugged

Consultants all go to hell.

Mick Unplugged
Risk, Reward, and Royalty: Kevin O’Leary Unplugged

I mean, I feel so sorry for them.

Mick Unplugged
Risk, Reward, and Royalty: Kevin O’Leary Unplugged

Well, let's talk about venture capital, certainly all the Shark Tank deals.

Mick Unplugged
Risk, Reward, and Royalty: Kevin O’Leary Unplugged

They're the highest risk investments you can make.

Mick Unplugged
Risk, Reward, and Royalty: Kevin O’Leary Unplugged

And you never know with certainty what's going to work and what isn't.

Mick Unplugged
Risk, Reward, and Royalty: Kevin O’Leary Unplugged

So you've got to do seven to 10 deals a year because you don't know which two are going to make it and pay for the other mistakes.

Mick Unplugged
Risk, Reward, and Royalty: Kevin O’Leary Unplugged

But in venture capital, and this is way back since the 50s, I think 1954, they started when the first venture capital fund started in Boston area.

Mick Unplugged
Risk, Reward, and Royalty: Kevin O’Leary Unplugged

You do 10 deals, you wait five to seven years, and only two out of 10 work.

Mick Unplugged
Risk, Reward, and Royalty: Kevin O’Leary Unplugged

The others fail or just drift off into mediocrity.

Mick Unplugged
Risk, Reward, and Royalty: Kevin O’Leary Unplugged

But those two are such extraordinary outcomes that they pay for all the mistakes.

Mick Unplugged
Risk, Reward, and Royalty: Kevin O’Leary Unplugged

And so you're betting on a 20% outcome.

Mick Unplugged
Risk, Reward, and Royalty: Kevin O’Leary Unplugged

We do slightly better on Shark Tank because we have television supporting customer acquisition costs.

Mick Unplugged
Risk, Reward, and Royalty: Kevin O’Leary Unplugged

That's remarkable.

Mick Unplugged
Risk, Reward, and Royalty: Kevin O’Leary Unplugged

110 million people see the show in syndication every year.