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Episode 55- Daymond John on Real Life Lessons from Shark Tank and Beyond

January 10, 2019 • Book Club
Daymond John

Daymond John is a branding expert, investor, TV personality, author and motivational speaker. He made a name for himself as the founder of the lifestyle brand FUBU, growing the business from a makeshift factory out of his home into a multibillion-dollar company. Today millions of viewers know him as a judge on ABC’s Shark Tank. On this episode, Daymond shares his story of relentless perseverance and the practical advice he’s learned along the way. We talk about the idea of failing fast, his unique approach to setting goals, and his tips for negotiating deals.

Show Notes

  • Where he got his entrepreneurial mindset (1:45)
  • The book that had a huge influence on him (3:46)
  • The idea that sparked FUBU (5:10)
  • How the business started to grow through three failures (6:48)
  • The entrepreneurial highs and lows as FUBU took off (8:00)
  • The story of how Daymond landed a manufacturing and distribution deal with Samsung that scaled the business (11:00)
  • How to handle success- “have a healthy paranoia” (11:48)
  • “Fail fast” and learn from it (13:59)
  • His leadership style (16:06)
  • Why he reads his goals before he goes to bed and when he wakes up (16:57)
  • A cancer diagnosis becomes a defining moment in Daymond’s life (19:05)
  • Negotiating tips from Shark Tank (21:36)
  • The biggest mistake people make when negotiating (23:20)
  • His relationship with the other judges on Shark Tank (24:17)
  • The two things that inspire him today (25:39)
  • His approach as an investor (27:46)
  • Daymond on Demand (30:36)

Resources / People Mentioned

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