If you're going to start a company, it's not going to be in the millions of dollars, but it's going to be something - for a lot of these kids - out of the trunk of their car, the same way that I did.
Sentiment: NEGATIVE
There are so many startups out there raising money. I don't think this is a bad thing. It's a good thing. Entrepreneurship is in vogue. Innovators are innovating. Makers are making.
I know how hard it is to send two kids to college when you ain't got nothing. I know people may not think of me in that way, but this business gives you ups and downs.
You know, a lot of people are just interested in, in building a company so they can make money and get out.
My children have been learning lessons about entrepreneurship since they were in kindergarten, and these lessons are paying off: even though they are only 22, 18, and 15, they have already collectively launched three nonprofit organizations and several new businesses.
A lot of people in this business are born with money or family connections.
What I've learned in my career is that it takes the same amount of effort to build a $10bn company as it does a $1bn company; you as the entrepreneur are going to put your entire life, your entire effort into it.
Today the kids that are out now they make a hit record and they put them right out on the stage with 10,000 people out there and they don't know anything about the business yet.
I'm really inspired to build a billion-dollar company. The hardest part is building the vehicle to get you there.
Be it $15 million here and $11 million there, it takes hundreds of millions to be successful in this business.
I would never want any of my kids to go into this industry; not until they are old enough to understand and if this is something that they really want to do.