I understand that. But education comes in so many different forms. I was on The Breakfast Club the first time, and Envy thought I was a motivational speaker, like a bullshit rah rah, kind of like the secret shit. So he kinda called me out and I was like fuck. You know, it was like.
(audience laughter) He's like, you know, you're lying on the radio, and he was like, "Give us something practical, "fuck this mindset shit," right, I'm like okay, the mindset's the game, but fuck it, I'll give it you. And I said, "Go to the dollar store and go to Marshalls, "take your phone, scan shit, look it up on Ebay, "and if it costs two dollars on Marshalls "and it's selling for nine dollars on Ebay, "buy it and sell it." And that was, it was kinda like this moment in a six minute radio spot. And then it caught a little, like, then I read all the comments, and people are like bullshit, or yes. Then I started getting emails like yo, I make $500 a week, but I'm making 200 now 'cause I'm going to dollar store and selling it on Ebay. And it built in this whole thing. And then I've named it the 2017 flip challenge. And we have 10,000 emails of people who've literally went garage selling to the thrift store and the dollar store and have made 20, 30, 40,000. I started thinking about the long tail, the long tail of all this, right http://casino-games.my/casino/. Like, we're in this, especially like in this incubator, like 99% of startups are gonna fail in this generation because we're living through the greatest era of fake entrepreneurship. The amount of fake entrepreneurs that are in this building right now is extraordinary. (audience laughter) It's true, it's true. And by the way, please, I know a lot of you don't know me, I'm not sitting on a high horse like I'm a good entrepreneur and you're not. It's just black and white obvious 'cause it's a bubble 'cause it got cool, right, it got cool. And it doesn't cost anything, and there's so much money in the system, there's so much incubators willing to give you money. All my friends for the last 10-15 years are building all these businesses where it's really not that hard to lose money every month, right. I think on you panel, you guys said, as entrepreneurs, you know, losing money and then making money or building, I couldn't catch the whole thing 'cause I was distracted. The problem is, it takes a lot of talent to build something to then eventually make money. And we spend 99% of our time talking about fucking Slack and Uber and Snapchat and fucking Instagram. We got like 17 companies to talk about and there's 17 fucking companies going out of business every hour, every minute, and meanwhile, there's more money being pumped into the system. And it's just all so obvious right now, where this is all going, and it's not very privy because we're lacking self-awareness. What we're doing is we're just riding the waves of what the current conversation is. There's so many people that are gonna be founders of companies who would've done incredibly well being number 17 at this startup or number 94 at that company or number 167 at that company, but they wanna be number one of the Uber of pancakes, right. And like so, and I'm watching this and I'm fascinated by it. Meanwhile, meanwhile, there's so much practicality. Let me tell you what breaks my heart. I read a lot of feedback from my audience. I've gotten two examples in the last three weeks of kids that were making money on retail arbitrage, right. So I think, I brought up already the Craigslist to Facebook Marketplace. I think no question, if you said to me hey, this is a classroom of 16 year olds and they have to make money in the next 24 months or bad, bad stuff happens, I only default into go buy shit and sell it and run the Internet arbitrage. We'll spend the first three months, I'll teach you everything about Craigslist and Ebay and Facebook Marketplace and Letgo, and then we'll talk about China and buying shit there and the arbitrage. I would spend an enormous amount of time, because the practicality right now and the inefficiency of the Internet, of buying and selling stuff, is extraordinary.
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Author Jennifer GrooveJennifer is from New York. She studied in Washington University in St. Louis. Jennifer likes writing, reading and traveling. She decided to create travel blog for gamblers and to travel with her followers together. She in love with online gambling so... and play casinos all over the world. Archives
December 2018
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