Kevin O'Leary
👤 SpeakerAppearances Over Time
Podcast Appearances
But that's it.
You know, an entrepreneur could work five years and that's just a rounding error of their outcome.
They could get 35, they get $350 million outcome, but a consultant just floats in that sea of mediocrity forever.
And the more hours they build, they make a little bit more, but they never achieve greatness.
They've never done anything of consequence.
And then there's that horrible outcome.
Consultants all go to hell.
I mean, I feel so sorry for them.
Well, let's talk about venture capital, certainly all the Shark Tank deals.
They're the highest risk investments you can make.
And you never know with certainty what's going to work and what isn't.
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.
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.
You do 10 deals, you wait five to seven years, and only two out of 10 work.
The others fail or just drift off into mediocrity.
But those two are such extraordinary outcomes that they pay for all the mistakes.
And so you're betting on a 20% outcome.
We do slightly better on Shark Tank because we have television supporting customer acquisition costs.
That's remarkable.
110 million people see the show in syndication every year.