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Michael Ovitz

๐Ÿ‘ค Speaker
440 total appearances

Appearances Over Time

Podcast Appearances

Invest Like the Best with Patrick O'Shaughnessy
Michael Ovitz - Turning Potential into Prominence - [Invest Like the Best, EP.418]

She's about as important an artist as there is right now working. I just saw something I liked. And it was the same with Carp. When I met Alex... We met at a conference and we spent, I think at the Allen & Company conference, and we spent three and a half hours talking about everything, not about his business, just about life, about tech, where it's going, what's happening politically.

Invest Like the Best with Patrick O'Shaughnessy
Michael Ovitz - Turning Potential into Prominence - [Invest Like the Best, EP.418]

She's about as important an artist as there is right now working. I just saw something I liked. And it was the same with Carp. When I met Alex... We met at a conference and we spent, I think at the Allen & Company conference, and we spent three and a half hours talking about everything, not about his business, just about life, about tech, where it's going, what's happening politically.

Invest Like the Best with Patrick O'Shaughnessy
Michael Ovitz - Turning Potential into Prominence - [Invest Like the Best, EP.418]

trends of the past, things that point to the future. And man, I really liked this guy. I said, we can build a business around this guy. He had something very special. And you could tell that he could be a leader. Glenn had that too. All these people that I've been fortunate enough to come in contact with all have very similar experiences. They're interesting.

Invest Like the Best with Patrick O'Shaughnessy
Michael Ovitz - Turning Potential into Prominence - [Invest Like the Best, EP.418]

trends of the past, things that point to the future. And man, I really liked this guy. I said, we can build a business around this guy. He had something very special. And you could tell that he could be a leader. Glenn had that too. All these people that I've been fortunate enough to come in contact with all have very similar experiences. They're interesting.

Invest Like the Best with Patrick O'Shaughnessy
Michael Ovitz - Turning Potential into Prominence - [Invest Like the Best, EP.418]

They're aggressive to certain degrees in their own way, some blatantly, some not so. They're wicked intelligent. They are perceptive. And they all have this extraordinary burning desire to learn. They want to learn something every minute of the day. and they don't want to waste time. Time is a valuable commodity. So that's pretty much my philosophy.

Invest Like the Best with Patrick O'Shaughnessy
Michael Ovitz - Turning Potential into Prominence - [Invest Like the Best, EP.418]

They're aggressive to certain degrees in their own way, some blatantly, some not so. They're wicked intelligent. They are perceptive. And they all have this extraordinary burning desire to learn. They want to learn something every minute of the day. and they don't want to waste time. Time is a valuable commodity. So that's pretty much my philosophy.

Invest Like the Best with Patrick O'Shaughnessy
Michael Ovitz - Turning Potential into Prominence - [Invest Like the Best, EP.418]

When I started as an agent, I was 21 years old, and I knew right off the bat that time was my enemy, even at that age. Because if I went and met with someone to judge if I could do something for them, if I made a mistake, that mistake was irreparable and a time sink that can't be recovered. And it's not a hiatus. It's a loss. There's a big difference. It's a loss.

Invest Like the Best with Patrick O'Shaughnessy
Michael Ovitz - Turning Potential into Prominence - [Invest Like the Best, EP.418]

When I started as an agent, I was 21 years old, and I knew right off the bat that time was my enemy, even at that age. Because if I went and met with someone to judge if I could do something for them, if I made a mistake, that mistake was irreparable and a time sink that can't be recovered. And it's not a hiatus. It's a loss. There's a big difference. It's a loss.

Invest Like the Best with Patrick O'Shaughnessy
Michael Ovitz - Turning Potential into Prominence - [Invest Like the Best, EP.418]

You could be doing something else with that time. So I started to make a set of parameters when I met people about why I want to continue the dialogue. And I have kind of like a pilot's checklist in my head of things that are important to me. And it doesn't really matter what the vocation of the person is.

Invest Like the Best with Patrick O'Shaughnessy
Michael Ovitz - Turning Potential into Prominence - [Invest Like the Best, EP.418]

You could be doing something else with that time. So I started to make a set of parameters when I met people about why I want to continue the dialogue. And I have kind of like a pilot's checklist in my head of things that are important to me. And it doesn't really matter what the vocation of the person is.

Invest Like the Best with Patrick O'Shaughnessy
Michael Ovitz - Turning Potential into Prominence - [Invest Like the Best, EP.418]

It doesn't matter whether it's Ted Forsman when he called me to help him with Gulfstream, which was a dying company they were going under amazing turnaround opportunity and went on the board. And we made a decision to recruit. Ted was, I was on five of Ted's 13 boards and spent a ton of time with him. He was a very close friend until he passed away.

Invest Like the Best with Patrick O'Shaughnessy
Michael Ovitz - Turning Potential into Prominence - [Invest Like the Best, EP.418]

It doesn't matter whether it's Ted Forsman when he called me to help him with Gulfstream, which was a dying company they were going under amazing turnaround opportunity and went on the board. And we made a decision to recruit. Ted was, I was on five of Ted's 13 boards and spent a ton of time with him. He was a very close friend until he passed away.

Invest Like the Best with Patrick O'Shaughnessy
Michael Ovitz - Turning Potential into Prominence - [Invest Like the Best, EP.418]

And he said, what can I do to make Gulfstream different? And Bombardier was killing them at the time because they had a bigger cabin. And I said, Teddy, there's only one thing you can do. You need to recruit a board that becomes the greatest set of super salesmen in history because you don't need our advice. You don't need our financial engineering. You don't need us to read balance sheets.

Invest Like the Best with Patrick O'Shaughnessy
Michael Ovitz - Turning Potential into Prominence - [Invest Like the Best, EP.418]

And he said, what can I do to make Gulfstream different? And Bombardier was killing them at the time because they had a bigger cabin. And I said, Teddy, there's only one thing you can do. You need to recruit a board that becomes the greatest set of super salesmen in history because you don't need our advice. You don't need our financial engineering. You don't need us to read balance sheets.

Invest Like the Best with Patrick O'Shaughnessy
Michael Ovitz - Turning Potential into Prominence - [Invest Like the Best, EP.418]

You need us to sell airplanes. And what he did is he went out and he put a list together and he brought it back to me and we went through it. And on the list... was the who's who of certain areas. So on the list was Roger Penske.

Invest Like the Best with Patrick O'Shaughnessy
Michael Ovitz - Turning Potential into Prominence - [Invest Like the Best, EP.418]

You need us to sell airplanes. And what he did is he went out and he put a list together and he brought it back to me and we went through it. And on the list... was the who's who of certain areas. So on the list was Roger Penske.

Invest Like the Best with Patrick O'Shaughnessy
Michael Ovitz - Turning Potential into Prominence - [Invest Like the Best, EP.418]

On the list was Don Rumsfeld, Colin Powell, Henry Kissinger, a guy who was the CFO of GE when they were the most important company in New York City when Jack Welch was there. Dale Fry was his name. He had Charlotte De Beers, who was the most important female advertising executive in New York City. And he had Bill Aquavella, the great art dealer.

Invest Like the Best with Patrick O'Shaughnessy
Michael Ovitz - Turning Potential into Prominence - [Invest Like the Best, EP.418]

On the list was Don Rumsfeld, Colin Powell, Henry Kissinger, a guy who was the CFO of GE when they were the most important company in New York City when Jack Welch was there. Dale Fry was his name. He had Charlotte De Beers, who was the most important female advertising executive in New York City. And he had Bill Aquavella, the great art dealer.

Invest Like the Best with Patrick O'Shaughnessy
Michael Ovitz - Turning Potential into Prominence - [Invest Like the Best, EP.418]

And all of us had assignments and we all covered areas. So Bill covered art, Kissinger covered politics, Colin Powell covered the US Army and the DOD. Everybody had an assignment. And we met monthly, not quarterly.

Invest Like the Best with Patrick O'Shaughnessy
Michael Ovitz - Turning Potential into Prominence - [Invest Like the Best, EP.418]

And all of us had assignments and we all covered areas. So Bill covered art, Kissinger covered politics, Colin Powell covered the US Army and the DOD. Everybody had an assignment. And we met monthly, not quarterly.