if there any stories related to the tank write down
Answers
Answer:
Shark Tank’ star tells his story
When Janae Edwards ’23 heard that Daymond John, star of the Emmy Award-winning TV show “Shark Tank,” was coming to speak at the University of Lynchburg, she was one of the first people to pick up her free ticket from the College of Business.
“I’m a huge fan of his,” Edwards, a transfer student and political science major from Baltimore, said. “He has been an inspiration to me for many years, as a businessman, a ‘Shark,’ and as a person.”
Daymond John, star of the TV series “Shark Tank,” spoke at University of Lynchburg on Thursday, November 21.
John, 50, talked about growing up in a single-parent household in Hollis, Queens, New York, and about how at 10 years old, he passed out flyers for $2.35 an hour to help his mom make ends meet.
He talked about starting the lifestyle brand FUBU in the basement of his mother’s house and about how he and his business partners “stalked” hip hop star LL Cool J to get him to be a brand ambassador. John also showed up at rap video shoots with FUBU T-shirts and persuaded the artists — Will Smith, P. Diddy, and others — to wear them on camera.
During the early years, John also was working 60-hour weeks at Red Lobster and confessed to not getting much sleep. “His story is really one of perseverance and determination and that came out clearly last night,” Dr. Nancy Hubbard, dean of the College of Business, said later.
“In a world where people think things come easily, it’s really good to remember that that’s not always the case. … If people look at Daymond John and say, ‘He’s really lucky,’ what really became clear last night is that you make your own luck through hard work and determination and perseverance.”
As John puts it, it’s the story of how “a little brown boy from Queens, who was dyslexic and got left back” in school, became an entrepreneur and a Shark.
During the lecture, John didn’t shy away from mistakes he made while turning FUBU into a multibillion dollar business — mistakes he blamed mostly on a lack of “financial intelligence.”
Like the time, early on in the late 1980s, when he stood out in the cold selling $800 worth of FUBU hats in one day, only to lose it all on the way home. He said he was driving home, thinking about his one-day haul, and counting his money when he rear-ended the car in front of him. With that dull “thud,” $800 was gone.
Or when he and his partners took $300,000 in FUBU orders, with no real plan as to how to fulfill them
Needing to buy sewing machines and hire seamstresses to fulfill the orders, John tried to get a bank loan. He was turned down by 27 banks. In the end, his mother mortgaged the house. And although he objected at first, she also took out a newspaper ad seeking a partner for the fledgling business. That ad resulted in FUBU’s first strategic partner and $30 million in sales in three months.
Later, when John had achieved a level of fame and wealth and was “hanging out with rappers” all over the world, he had a more personal crisis. His wife left him, taking their two daughters with her.
“The biggest challenge you’re ever going to have in life is work-life balance,” John told the crowd, adding that his wife said, “I didn’t leave you because I don’t love you, but because I do. You’re destroying yourself.”
Through these and other experiences, good and bad, John developed his five “SHARK points,” which he shared with the audience
Set goals. “You become what you think about most of the time,” he said, adding that in 1986 he decided, “I’m going to live, die, and prosper in the world of hip hop.” He said he reads his goals every night before bed and first thing in
“The importance of his SHARK points were enhanced by his personal stories and experiences that shaped and molded him into the person he is today,” Edwards said. “He displayed vulnerability and courage when opening up to us about his personal life and some of the hardships
“I’m a huge fan of his,” Edwards, a transfer student and political science major from Baltimore, said. “He has been an inspiration to me for many years, as a businessman, a ‘Shark,’ and as a person.”
He has worked with the Yale Center for