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Mindset Persistence | Level Up Your Intelect - Howard Marks With Tom Bilyeu (IQ 47) @MindsetPersistence | Uploaded September 2019 | Updated October 2024, 11 hours ago.
Tom's guest is Howard Marks, the founder of StartEngine, Los Angeles largest startup accelerator. Marks was the founder and CEO of Acclaim Games (now owned by Disney), and the co-Founder of Activision and Chairman of Activision Studios (1991-1997).

This is episode #47 of Inside Quest, first released on March 2, 2016.

Shownotes and quotes:
✔ 2:25 - "A Boy Named Sue" was a song made popular by country legend Johnny Cash, but was actually written by acclaimed children's book author, Shel Silverstein.
👀 Grit is literally sand or gravel but is also used to define firmness of mind or spirit.
✔ Howard defines GRIT as "the intersection between resilience and passion".

✔ 7:30 - "If we quit at that time when we had no money there was no Activision"
👀 According to Forbes, "Activision Blizzard" had a yearly revenue of $16.4 Billion as of May 2015 with a valuation of $35 Billion.

✔ 8:05 - What is it about a mission that makes it so potent for an entrepreneur just starting out?
👀 StartEngine is an online platform to help startups raise capital through public investors.

✔ 12:15 - What does the average consumer need to understand to become better at investing?
👀 A Pension is a retirement account offered as a benefit by many employers. At retirement, employees can choose between a lump sum or "annuity" payments.
👀 According to a survey by Bankrate.com, only 37% of Americans have $500 - $1000 in their savings account.
👀 Steve Wynn is the billionaire chairman and CEO of Wynn Resorts, based in Paradise, Nevada.
👀 Bobby Kotick is the CEO of Activision Blizzard. He was instrumental in growing the company from the brink of bankruptcy into a multibillion-dollar success.

✔ 21:25 - "Creating success very intentionally out of essentially nothing"

👀 According to the US Small Business Administration, small businesses make 99.7% of US employer firms and 64% of net new private-sector jobs.

✔ 24:15 - A VC (Venture Capitalist) offers financing to address the funding needs of entrepreneurial companies who cannot seek capital from more traditional sources.

✔ "Do you want to be a King or to be Rich?"

✔ 30:08 - "Offer the general public means to participate in the wealth creation".
👀 Elio Motor's stated mission is "to provide a fun-to-drive, super-economical personal transportation alternative that's affordable, safe, and environmentally friendly".

✔ 32:40 - "Tell me why do you like the naysayers?"

✔ 37:35 - "The only thing holding you back is YOU!"

✔ 40:10 - "Find out what would happen to you if you've got rich!"

##############
About Tom Bilyeu 👌
Tom's new project is Impact Theory:
Web site: impacttheory.com
youtube.com/channel/UCnYMOamNKLGVlJgRUbamveA
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Level Up Your Intelect - Howard Marks With Tom Bilyeu (IQ 47) @MindsetPersistence

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