#46 - Corporate Universities, Hotel Experiences & New Credit Cards with Lance Armstrong

is that what they do that's what they do alright we're back before we get it so you know how i said leave reviews yeah i think we got two or three or hundred reviews off of that yeah it was crazy and we promised about people go cool shit we gotta like phil because of people are like i've been here's my receipt i i left you guys i got about a hundred messages of people with the reviews i replied to all of them last night i was sit in my couch i'm just the asshole who didn't well i see ce you on a few i replied to all of them with the special gift i just let yeah call them and basically that's a video voice mail you know yc they have this thing which is like you'd rather have a thousand people love you than a million people just kinda like you yeah and i think that's the one thing that that is now abundantly clear about this podcast it's like we have these goals of like we're gonna grow this thing big but we already did the hard part which is you get a small number of people to love you where they're like this is my routine this is my favorite podcast and i've been listening to podcast for five years yeah and so that's very i don't know how it feels good it feels great yeah i had i got i was showing adam last night i got i don't know i mean at least a couple hundred like dms on my twitter people with the review exactly and i send them all video so review us a little video or review us and let me know because sean hasn't been doing it but i at least if you let me know you'll get something back alright you know what's my fear and all this though so i have a fear that's crept up now the fear is i never wanna be the smart person in the room and so there's part of me i'm sitting in this red fucking throne and throwing out ideas that i'm admittedly saying are half baked you know probably bad ideas but they're interesting to me i wanna make sure that we're learning doing this like i wanna be learning stuff and sharing it i don't wanna just be sitting here saying hey i got answers i'm gonna give them to you and so my commitment to myself really more than anybody else but i wanna say it out loud because that commits me is you know as we do this it's not about i have great ideas let me say them or or we're brainstorming great ideas it's we're gonna learn interest stuff by talking interesting people and doing research on things and then we're gonna share what we we're gonna share what's what's interesting to us so that's my fear you never wanna be the guru you wanna be the student and so that's kind of my my little mini rant i agree i'm not trying to be a guru and i'm certainly not because some of the dm we get people are like help me yeah help me you know i'm like no no i don't know anything and me attaching my name to your thing does nothing like we gotta do the work yeah and like you know i'll help you but i'm not the answer i don't know yeah i'm not the ed we could preface this by saying most of the ideas we get i just steal from other people yeah for of course so alright you wanna get and what do we wanna talk about you wanna talk about can can i talk about something that's happening recently yeah brand list so that what you wanna talk about think about brand list and i wanna talk about these new credit cards that are popping up yep alright pick one let's do it you go ahead brand list alright so brand list people don't know they went out of business what they were trying to do was they were like look don't pay for the name brand you should just have high quality products and they should just be brand less and because we take away the name brand we can lower the price that was like the initial promise or the premise of the business awesome idea awesome idea glad you said that because a lot of people are shitting on them now because they like failed but i still think fucking awesome idea and actually of course ironically brand list is a good brand right and so i think that that was really cool they raised a shit ton of money from soft bank like two hundred million dollars before they really achieved any product market fit and that sort of like was the death note for the company because it was just a the expectations when you raised two hundred million is you're gonna be you know billion dollar plus company and if you do that too early and you haven't actually proven out your model you haven't figured it all out what expectations crushed the business i actually so i didn't prepare because i just thought about this but what do you what's the biggest grocery store chain in america you think albert albert maybe safely i don't know oh okay let's use safe can you look up try and find this just just a headline try to tell me what the revenue or how many sales like generic brands for grocery stores or like the kirkland brand or how much revenue the kirkland brand does well i mean i bet you it's astronomical and so actually i would mean if you think about how what brand list could become it is the generic the the generic trusted kirkland brand yeah i think and i think it's a great idea yeah the problem was that they raised all that money ralph off the bat i i have a problem there was some incompetence with leadership i don't actually know this yeah thirty nine billion kirkland brand sells thirty nine billion dollars of products twenty eighteen fuck henry quick with the trigger i like what's that source business inside the sword do you think he's lying you think he's making say con kirkland brand drives broke wow thirty eight billion dollars in one year so so one thing i loved is i of costco is kirkland on signature private label pretty non offer okay and that's just kirkland kirkland crazy so i i listened to her on a podcast tina shark i think is her name and she's like an internet og g she'd been around with a bunch of companies of which i think have not done super great but she went out of podcast she said this thing that i liked which was she was like think back to when you were a child and like let's walk from room room you're in the laundry room what brand are you gonna see you're gonna see whatever you know tide you're gonna see whatever go to the pantry what are you gonna see you're gonna see fruit roll up and pop tart and all the stuff and then open up your fridge what are you gonna see and you see these brands and actually it's kinda like you've seen these stats where the s and p five hundred turns over like i don't know twenty percent of the this s and p five hundred turns over every every decade basically the same thing happens with these household brands these brands that seem like staples of your home right a lot of them are like like minute made it's like fuck minute may out like you know now you know tang yeah tang you know like these brands just like like they are not they can come and go generational they don't all make it from one mom to the next mom so i actually believe that premise and she was like look the moms of this generation they don't wanna pay for this like the this consumer packaged good brand in the same way they wanna to know it's high quality ingredients sourced you know ethically and you know they don't wanna over pay they wanna be you know value conscious so i liked a lot on premise i'm sad it didn't work but somebody i believe i believe you should just go out today and pitch i'm brand less without soft bank and i i think i would i would invest him in incredible with you i think i had three people reach out to me that said hey can you ask can you introduce me to the people who are selling brand i i know them but i just tweeted it and i got an intro and i introduced three different people who are wanting to buy i the assets and what are what are the assets what are you getting you get the name maybe a some inventory probably k the name and an email list and then unfortunately probably a bunch of in incompetent team i mean right disrespect but look if they couldn't pull it off their by definition well you'll you'll need to restart for sure right you'll need a clean slate and you'll need to lower the burn yeah i think it's cool i would probably charge a do they do membership they did a subscription because they started off with everything was three bucks i forgot to mention that that was key selling points like do you not think three bucks look like three dollar store and people say the cat was too high they cost too much to acquire customers that's probably true but like wish is doing it yeah you know i don't know the economics but this brings up an interesting half baked idea we got a dm from your friend about like businesses that are in the spot brand and where they're doing essentially a closed down slash fire sale and do you wanna share the idea that that which one miranda oh share this good idea this morning yeah that was a great idea okay so we got actually should bring this and i have an investor and a good friend of mine i called him of them and we became friends he invested he started a company called web shots and i think he sold it for eighty million dollars and then he bought it back for pennies and then sold it again for twenty or thirty dollars and then now has bought it back again and he was like you guys or you know what something would be interesting is if you could be like a graveyard or an unwinding service undertake her here an undertake where you can just buy these dying things and that exist it's it's a service to basically wind down your company you take a fee and you do the sort of fire sale and i'm sure there's services out there like this but somebody could specialize in tech companies wind down both you have talent you have hardware you have you know assets that you're trying to fire sale off and then you have all the normal business closing stuff that you gotta do so you don't get like taxes next year because you have to actually shut down your company officially and nobody wants to do that it's not fun and investors wanna make sure that that process is done with no like funny business so that they like maximize the value and this kind of reminds me of something that i want to bring up which is i think that now that private companies are staying private for long and not going public as much what i think needs to happen is i think the venture capitalist a lot of vc firms need to start buying companies and just need to own them for the cash flow versus wanting something to go public or get bought and so what i it's gonna happen is i think a lot of these vc firms are almost gonna turn into hedge funds or private equity funds where we're gonna start they're gonna buy and operate a lot more than they are now and that's related to that so i don't think vcs will do it but the sort of new age vcs that are gonna be hybrids so like and horror which shifted their model where they're not a vc they're now i forgot it's called but like they wanted to be able to just own cryptocurrency just buy and hold it and again so they needed to rec and then the got cha off he basically has a fund called social capital it started off as a traditional vc fund and then like he had to restart it for all kinds of reasons but one of the things he does now is he has this thing called a spa which is his special purpose vehicle for taking companies public so you're a company you don't wanna go public he's already public and he just acquire a you know stake your company i believe is as how the mechanics works work so they just did this with virgin lack and so it's like a fast track to being public and getting that liquidity without having to go and be you know your own independent listing yeah i'm into that i know andrew wilkinson probably listening he owns tiny capital and they do they've been doing this the companies that they own collectively i think do about a hundred million in revenue and he i think takes dividends and buys companies with the cash flow right and it's an awesome model but a lot of these companies like brand list there's no cash flow right gonna be a cash sync one of these go big or go to zero and in this in this case it went to zero yeah but it's same it doesn't have to be but it's also that is also valid right like to do the do what like jet tried to do which is like you know they never made their core business work sold for three billion dollars because they they went for the plow money in today try to get the scale and then be the first to have scale doing what we do i know it's a it's a model no i'm what's the other one you wanna to talk about credit cards we can mention it just for a second but ramp ramp capital right ramp let's let's ramp something it's based out of new nearest b but from new right i'm into it it launched today okay so i went my company we do let's say eight figures a year in revenue we have not seven figures in cash i have been using one big bank for a long time and to get us to raise our credit card limit from thirty thousand to eighty thousand was a nightmare oh my god a nightmare yeah i had to go meet them in person two or three times i to show that my personal sam tax returns it was stupid i signed up to b and i got three or four hundred thou some hundreds of thousands of dollars in like twelve hours yeah awesome and i told these guys and like yeah we can't compete with that they basically admitted like okay well this conversation is over thank you so i really like this new business credit card space and i i'll explain how i think they're making money but ramp up just launched and what they're gonna do what they said they're gonna do is they're gonna analyze all your credit card spending and they'll tell you where repetitive purchases are coming through and i mentioned this on the podcast three months ago i was like i'm telling you that businesses are wasting so much money by buying multiple subscriptions of things and i think something amazing can be built by helping you save a little bit of money right that's what this is that's like a side future they have that's only the main feature is the same like right like it's like here's a business credit card well that's how they're differentiating b advertising says we will get you better rewards right and this is will save you money yeah yeah and i think it's cool and i'm i'm really bullish on those things and i think the way they work is whenever a whenever a customer when i have my credit card and i go and buy something the merchant pays a four percent fee and what b does is they go to mastercard and they hey you guys are getting four percent fee for all this stuff give us a cut of that and we'll create more credit card users right and i i think that's how they're making money i'd imagine i think so i don't i don't know i don't know for certain fintech companies are very interesting we should i i know a couple guys are deep and fintech we'll we'll bring them on a lot of people are not deep into that and a lot of go like wealth front and betterment a lot of people hate those like buyers right that i don't know how they're ever gonna get bought i don't know who would buy them we'll see alright what else we got up here let's see i feel like sean when we come for the last few times i've been the one doing all the research and i have a feel like that you're the one who's done all the research i did some research this time so first follow up on last time i was talking about corporate universities i'm gonna keep talking about anything education because i just love it i had a lot of people reach out to me about that really okay so i i i went back to my notes i already had these notes but i just wanted to mention a couple of them so hamburger you that's the mcdonald's one nineteen full time professors i thought that was interesting there's i don't how you say this cro bill that's from general electric so kaiser just open up their own med school which i find really interesting because it's what that's exactly what i was talking about where you want your own pipeline of doctors so you create your own med school then some companies do it more like training apple university deloitte university i those are more like just a training program so you could be better employee that's that's different bigger another one that i thought was interesting so we talked about z so z has their own university and the graduates of that makeup fifteen percent of their workforce oh shit which is pretty insane so a hundred they have about a thousand maybe they have more than a thousand people i'm not sure exactly how many total that is the google it support certificate has seventy five thousand graduated students which is pretty crazy so i think this is gonna be a big trend so there's the opportunity to be a company that can create these education so i so i think what you can do is so there's these companies that are called what the hell are they called i i know one is called to you or something like that that's the name of one of their companies so there's a set of companies that what they're doing is they say hey university hey berkeley you should have an online degree and for years universities we're not so interested in this and then they saw how much money gets made by online degrees and so they're were like okay we'll take that money and so they don't wanna you know berkeley doesn't wanna have to sit there and build out a online degree portal that has like the technology the service acquire students like berkeley doesn't know how to do any of that shit right so these there's a couple there's three big companies that basically go to these universities and they say hey do you wanna offer an online degree we think it brings this much incremental revenue to your university and we will run the whole thing for you so you don't have to lift a finger and here's but we want you know thirty percent of the of the tuition revenue and right so what happened is all the said yes so there's a billion dollar company that's doing this that basically offers this to all the universities so this if you go look all these you know traditional universities now have a online degree or certificate like certificate program that they offer and it's run by these other companies i forgot the name of what these companies are called there's like some generic term but i think you could be that corporations and so i think you could go to a c corporation and say hey would you like to basically have your own you know developer boot camp or university for you know essentially we're gonna pop out people who are like management consultant types and it's good for your brand to to get students early and anytime you hire one of them we take essentially a recruiter fee and we'll run the whole thing for you and so i think that's one way you could take advantage of this trend so va media does this thing called three d's or i don't know what it's called something like that and it's ten grand and you go to their office for a day and you learn how their business operates so if you're an agency owner you get that hang out with gary vaynerchuk for an hour but then they also have like the head of each department for an hour and they come in and they explain how their companies are run so tucker who's on here he is thinking about doing do the same thing as well where users can pay a fee and they can come in and see how the company operates so book box itself it's a little bit different booking in the boxes is you wanna write a book this a booking in box we're gonna help you write it promote it do the cover work all that stuff and they do this for like high profile business type of people who wanna have their own book right and that business does good it's a good business yeah he bootstrap it they have a he he what's telling me he was like amazon's is gonna buy us for so much money that's what like the joke that he has said so who knows and what they wanna do which is different it what you're talking about what our idea is give you boss inside these companies to the like leadership of these companies that it yeah like take you on corporate tours is i yeah because book in a box what they're famous for is their culture is really good mh like their their own company culture yeah interesting and so that's and we thought about doing it as well i mean we're not big enough that we have something to offer but it's kind of a cool idea is where like i would do it for other companies i would pay money to see like it bar stool did a thing where you could see how they're how they operate their business i would pay money and go rent and va media what if you guys wanna research this if you wanna like if you think that your company is special and people would pay money to do it to see how big banners is they put all their events on event right and you could see which how many tickets they're selling per event and so you can actually reverse engineer this how much revenue it's bringing in i like it on we have a good hey how's it going yeah have a special guest we're recorded right here camera got john sean sean we're going on nice to see so we have a special guest we're recording right here so if you're listening to this you don't have video lance armstrong just walked in as he does you know at at certain times so we have this podcast here yep every day three days a week can this every day it feels like every day right while our goal is to get to a hundred thousand daily listeners yep for episode per episode push a button and get the hundred thousand your goals morning right and we're doing a good job yep we're getting close good i bet you are yeah you have a big big following i'm big following and so the back story behind this podcast is and and now we're doing videos and we're chopping it up like you do with forward the forward the forward the forward and the move so the the move the second one just you know yeah the tour one's called the move what we've been doing so sean had a company that he just sold the twitch and i've got companies and all we've been doing is scheming out loud and for some reason people have listening to it it's been working and we have like everyone's messaging us saying they're starting little things that we've been ripping on good and we just did any podcast or you make the content don't listen i'd listened to a few i you know what i'd i kinda get i do get occasionally listen to rogue if it's if it's a guest that i'm interested in the whole thing or the clinton no it's did he goes along man three hours hours i'm like when i did it he was like was like so how long are do you think i'll be he's was like that three hours was like what i've never talked to anybody for three hours like no i'm not talking for three hours i'm i'm not that interesting but yeah no so i'll get into these crime ones me too me too like i got sucked into this root of evil yep that was just super fucked up i've been listening to that one you have the twelve hours afterwards we have to google and like follow up if you makeup getting to know even more than no yeah you're trying not to and then what was the other one that was oh it was just serial killers you know that one no but all about serial killers right no there's one called serial killers yeah and it's awesome we crashed about we work kinda crime i listen to all those ones as well wow the won and cast yeah yeah and they just one of them of those companies just sold to spotify spotify spotify you know a couple hundred million bucks so of the ringer the ringer bill simmons just keeps making money apparently i think he owned i bet you he owned the majority of that company wow so he probably walked away with a couple hundred million bucks for him we gotta get you off the lac croix have have you seen the austin brand mind i just leave him here have you seen the new brand at austin waterloo water what's water it's it's a like a sparkling water but it's better so this is the what the podcast moved investor fools quote okay well this is what the podcast is now but they're crushing it they the team so what is it it's a it's looked what what is it's sparkling water but it's it's our austin yeah i'm sure they do i mean it's all the alright well from the austin office it's on their their hq on is on kinda is on ec chavez as well so from from where the hustle is or at least where it's always not moved we move into a bike shop yeah we're we're on e seventh now okay so you guys used to be on on cesar chavez as you moved up but so they're still on cesar chavez which is where our studio is but no they're just they're cool guys are killing it you know how much did they raise they just did a new round it's like thirty they raised i wanna say i'm probably getting there wrong but they did fifty million sales last year they're gonna do a hundred this year holy shit no they're they're not gonna yeah it's it's it's it's lighter cleaner the can has they have all these different yeah they're the one story all looking cans or like it's like pest or it's like a white well they have a lot of flavors i probably up to ten or twelve it's like a retro looking can retro yeah it's real sort of groovy looking they brought in the guy that ran smart pop and sold that off and so he's the ceo so they got real austin has ventures is the big ka ventures out of austin that's the guy from the vodka company is that the tea so he clayton was was from deep patty he did sweet tea deep patty and then went and started cabo with two other guys he's now since left but anyways he's still on the board at waterloo and high brew coffee which is a big advertiser of ours do it's kinda boring no i love what even what's wrong with this boring it's wrong with you it's wrong with this guy he doesn't like making money i like you know there's probably there's probably some charity right down the street where you could go give them all your dough from twitch and and give them all your time you know investing sounds fun and pick the initial pitch is fund yeah but once you give them a check it gets very boring to me because you're still hands off and i lie i like like being a part of creating stuff dude just like being an uncle you get all the fun stuff and not might at work i see we that's actually good enough not convinced that's good at analogy being an uncle is the best stuff yeah i mean we we we launched the fund and we almost you know probably ninety percent of the companies we're super involved with in what way well either through the board or or being on the board or or or just they just need help i mean you know this i mean in young entrepreneurs they might have a great idea and and be smart people but they're gonna come across things they just need help navigating and and and or connecting them i meant with in our sorry once i went to pitch an investor pounder fund mh and final funds top fund or whatever and he offered us a term sheet and i asked him i said you know we have this other capital store right now like self funded by my like my biz partner we could just keep self funding or we could take this i said you tell me like yeah how much value add guys wanna like bring mh ready to here hear like the sales pitch and he goes honestly the worst companies need the most help and i can't save them the best companies never need my help and so and then there's everybody else in between yeah you're here i'm giving you this term sheet i hope you're one of those that are the good companies that i really don't have any influence in i just get to take credit in the end and i was like i dig that honesty that true to me that the best companies truly like like i've only made a of investments but lambda school is probably the best one has done pretty well yeah and know that one not like a needy girlfriend you know they're like one of the hot silicon valley companies doing super well and you know i'll text the founder to be like hey what's up do you wanna jam ideas you want me to help you with this problem and he's like dude i'm just busy with all this fucking growth i hate everything we have her i hey hate when investors ask what what i do you anything and i'm like oh this is what it feels like when you're winning when you're really really winning and you're just are too busy for any of this bullshit yeah we wanna tell him the when he gets here well i what i do is i send monthly updates and they're very clear and su syncing and i'm very transparent and they're like how can i i'm like you you can't unless you have ideas and you can tell me how you can help do it but i don't i i can't think of anything yeah like it's like i don't know how can you help you your you know what mean it's like what you gonna come in here and write emails for me and do work for me i mean like i i don't know are there they're like do you need insurance to anyone i'm like do you know i i don't know well that's i mean i think the intro part is big in our world and so you know in health and wellness fitness nutrition i mean it's it's you know it i've been doing this for thirty years it just as an athlete so i've gotten to know everybody i mean if if we make an invest these are just examples a bit of we make an investment in a company like amp human and they need and it'd be very obvious that they'd be connected to str and vice versa it would take them a month to get a call i think you're different though yeah that's thank you sam well that's your value is but that's our value yeah everyone knows that you know at i mean you're a celebrity like you could get touch with everyone but like if you know i'm an investor you're at an investor it's like they don't know who i know yeah and i probably don't know that many people who they can't just call email yeah do you know what i mean yeah you need it to be you unique is that what you're angle is gonna be is that you have there's that and and we call i mean we we refer to it as the flywheel just because you know now the one show the second show of the move is about fifteen million downloads a year and so you know once that started to really take off then i i was getting all this interesting deal flow i thought to myself we should start to fund and and invest in some of these companies and and then what happens when we rein integrate or occasionally integrate some of our companies back into that audience right that core sticky group of fifteen million people that's what we bring to it yeah so yeah i mean there is the connections there is the flywheel there's the audience and then we got a pretty kick ass advisory board that that we pull whether it's you know researching deal flow or or or sitting on boards so right so you were doing a thing so we've talked about hotels out here for or i've been r on hotels i'm really interested in hotels yep because they're growing like the biggest hotels is the top ten they're growing at a really high clip right now because young people are are doing experiences more you george hi cap has this thing called the dom cook yep and you were doing a ride there where someone could pay a fee and hang out with you for two days well we call it a camp yeah it's probably four days of riding right and something that's been interesting us me and i've been bringing it up is hotels that offer more experiences yeah and so it could be as small as being filled with peloton bikes yeah which i found myself going to more hotels just because they have a high quality gym are you did did you see that his hotel or the dom did increased bookings because of that because of that the camp that we sold yeah and well here's with the yeah i mean it's an issue his hotels it's only i think twelve or thirteen rooms so it's pretty easy to fill up so if we announce and we he and i are doing the same thing in my work in september but at a at a separate hotel but obviously but when we announce that camp it just kinda fills up you know it would it it'd be a different jam if it was a two hundred room hotel and that's his problem right he can either sell he either has one room full or two rooms or he could sell two hundred rooms right thirteen is a tough number i would love for that to happen i wrote an email to you one time i was like you need you need to become the jimmy buffett of weekend warriors right and you need to have a hotel where people could come ed dude i mean jimmy he's branded everything whether it's blenders he's doing nursing homes now jimmy buffett is yes so i mean he's got i mean when the when when i talk about jimmy buffett i mean if you think about a jimmy buffett van like a parrot head so if it's the day of the show in dallas texas which i say that because that's my mom and step dead go every time from the minute they wake up he's owner them right they're listening to sirius six m that listening to his station right probably at some point pre game they're drinking his beer the land shark beer then they then he they buy the ticket which is again his they get to the show they're buying his swag they go back and or they pre game they they like pre game or or tailgate out there they're using his margarita blender he's got everything yeah and he has a then he's a hotel he he's got the he he's closed right i'm i mean just swipe and lance armstrong not the jimmy buffett of weekend warriors well hotel jimmy jimmy i don't know if you paid attention in the last several you know we're we're getting back there but oh it could happen i'm you yeah i like what the world that that i wanna live at is like i can like these u cannabis he's all in a can yeah these these the the guys the coral reef refer that's what it's called that's what it's called the coral reef these u guys are kinda doing it where you could pay money and go and work out with them and at their gym yeah man lair ham layered hamilton doing it you know i did for a sec and i did not the answer is no i just i don't know that's how you can give it or this is not worth the sort of i just i just didn't i don't know it didn't feel right because i think that's the thing right like do you wanna all like how much of yourself or your time do you wanna yeah there's how much you think chip up expense on that show it's easy it's on your phone i wouldn't do cameo that's how you could tell which celebrities is broke how much their how much their too probably the reason stopped you're like oh this sam said it kill shot dude this guys charge it fucking right like gilbert gilbert god for he's charging fifty dollars for two minutes this guy's broke by the way like it's huge nice nice nice people i talked to them you know when i doing great but no but used doing well but yeah but like it is more reality tv youtubers fine it's like uncle joey from full house is really and he's only charging fifty bucks for a three minute spot like these he's broke i feel this is horrible whereas as snoop is charging two grand he's the one who's doing good snoop charges two grand on cameo no something like that yeah got t tj j lab from who was the max yeah mick or whatever he he's the max i got tj j lab to say hi to my wife for like a hundred dollars it's a great gift i don't even know who that is he's like on the real world he's the coast of the challenge it's stupid former bm guy that's how you could tell who's broke is by what they charge on cameo the more they charge the more broke there or less if they charge a little bit of money than they're really here and i set mine high and i it was it just you know who's to people are it why was why would anybody pay that i would pay can i neil and i were gonna go live lunch oh yeah well let lunch with this or are you gonna keep podcasting i'm gonna wrap up here in a few minutes yeah we'll see we got food here think they're having we his kids were gonna gonna put last one yeah well we're making me on here yeah that's one i don't know what's gonna happen with this podcast gonna be interesting it's gonna either be great or not great like one or the other it's right to be okay not gonna be in between so oh okay so are you gonna wrap because if you wanna wrap up we can we can either do two minutes of more stuff like you do two minutes i don't know what can you pull up the the sheet again is it got like email on this was a crazy so if it matters i mean this is what our office is like we do get a lot of cool people coming by yeah the guy that lance was with the gentleman you maybe just on camera his name's is neil d he won't ever tell me this i'm pretty sure neil a billionaire and neil is one of my investors and neil well i felt like a billionaire i felt that billy energy we'll have him we'll have him on the podcast sometime time but basically he was in his he was trying companies and kept failing and up in in his late thirties early forties he was failing failing failing he's got a job at a vc and met the guy starting a coffee shop brought to the vc everyone laughed at them they said no we're not investing this stupid so neil invested his own personal money into it and that company ended up being star starbucks and so howard sc ceo of starbucks says that neil is one of the people he looks up to and he's of my investors they named the stadium at one of the stadiums at washington in washington is washington university or university of washington one of they named it it's called d stadium because he donated the so he's a big deal that's cool this is that's legit our office that's a great story wow how to follow that okay i i i think that we should probably kinda wrap it up and hope that there was some value in here for people yeah okay okay let me let me toss out one idea because we owe people ideas and let me toss that one good idea which one okay i'm gonna do i'm gonna do the one i i started it so i started off talking about okay these meetings are are are meetings or meetings basically they are like the the bread and butter of big companies and so i calculated we have on on every floor we have like i don't know twenty meeting rooms say and nine floors so let's call it ten floors there's two hundred meeting rooms and every hour let's assume i don't know eighty percent it is so i did the math and so how many hours and then you think oh every meeting is on average five people in it and so you start to realize how many people hours are spent in meetings and then when you look at a meeting while it's happening there's basically no technology so the only technology in a meeting is like video conferencing typically and i think that's kinda crazy and so i actually believe that there's someone out there who could build a meeting a meeting kit of some kind that makes meetings more more effective more efficient and i'm not talking about like transcribing although that's one possibility what i'm thinking about more is like the ability to give so i'm imagining like a physical device and you push it when you wanna say something so this doesn't reward interrupt and loud voices because you sort of buzz in when you're ready to talk so it just has a little light next to your thing that says sean it sounds like you have it ended at the memo thing that alone is worth it well the memo doesn't require any like there's no business there right like companies just adopt that you know the process wrong and here's why i think you're wrong is ax axiom is coming out with this and there was another a new product called recess just launched and all it is is a software saas it's a service you pay money and you get this internal emailing tool that helps you write internal emails better to your company and it tells you who read it and who didn't so it's more concise or what was it help yeah because actually was is super concise as is yeah i think basically i think that there's a meeting tech that will sound really boring but if you just think about how much of business happens in meetings how many hours how much salary is spent every hour in these meetings if you could make a ten percent lift in how good the communication was or how well that meeting ran that's a big big lift and i don't think anybody's really doing much interesting stuff there i think people only really worry about like how do you schedule the meeting and how do you conference into the meeting there's a lot of many built running the meeting meetings and only lee and those are successful but i think the meeting itself could use some improvement anyways so trying to throw in an idea here but this will be known as the lance armstrong podcast yeah we'll actually get them in here a real time this i hope that people will get value from this i think we should publish this but we'll apologize that it's only i maybe yeah and we have a ton of ideas to go through for tomorrow you you have a few on here that i'm like what you're curious about yeah so we'll we'll get to tomorrow alright tomorrow peace out thank you right leave reviews and dm me on twitter because i'll respond talk to soon