Entrepreneur and Investor David Tisch The Cain Conversation

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If I Asked You Like Right But Now

you can tell me your worst pitch You ever heard out of the 5,000 could you say well. There is this one thing that was trying to rent you my driveway so like driveway spaces I’m not rejecting it yet your heart is at a premium parkings at a premium but in suburbs is parking at a premium so like in the city. You don’t have a driveway right so it’s got applied it so it literally applies like Arab I got a 5-foot radius around a football stadium. I’m like right eight days a year. What about those we wouldn’t talk about suburban homes but those homes that are right up against industrial parks or against I don’t know downtown urban centers where you get to true suburbia just the residential neighborhoods around them but aren’t they aren’t they doing okay.

Them By Themselves With A Sign That Says

twenty dollars to park here and then you for the football games yet but then get out for the daily parking. If you’re in a place so it works right what’s that put up a sign and then you don’t have to give an internet company a cut of like your sign, so that’s the worst you’ve heard some good pitches you hated though yeah you’re not like that’s the sharing economy gone overboard to you and I might have been early as I probably should have looked at it hard, but um yo you there there’s there’s a bad pitch that finds you every day the bomb I wanted some American Idol type like well the bad pitches are we’re gonna do Facebook better than Facebook because Facebook socks right. Those are the ones that like just don’t resonate because they’re. Like Facebook sucks so we’re gonna build Facebook plus one extra button and there’s just this like oblivious nature notion that like you can rebuild Facebook just by replicating it and therefore you’ll succeed well didn’t Facebook do that to my space I recommend Sir I read I think it was Kohlberg Kravis Roberts, one of the big guys behind that that fund said we never ever invest in pioneers. I want nothing to do with pioneers pioneers get scalped myspace got scalped.

I Want The Second The Third Guy

to market well I saw I saw this tweet today. Google is a 17th search engine to launch 17 right in the end. There was article after article that said the search markets too crowded no but he should be entering this. The 17th one was Google right and how Google’s going to build airports and cities and say right. world right and blimps it connect the whole world so maybe the guy that wants to reinfect remiss 17 right number 17 listen here so why Don’t you do these interviews When I do these interviews you always kind of ask yourself right? What do I want to talk to to David Tish about and I make my list of things and I think then you have to ask yourself what order am I going to address these things In I don’t want to piss him off.

I Dont Want To I Dont Want To

set a bad and taking a stand tagging Istic tone for the next hour sure as hell Don’t want to go walk off. We could just start there and just go for the heart. Don’t be I can’t in the end, I thought about David I can’t make any adjustments for for those potentialities I. have to ask the questions in the order that I think curiosity demands them let’s do it and here’s the deal, but besides your stunning good looks right before you walk into any room. You are pre introduced you have something that follows you not follows.

You Walks Into The Room Before You Write

and it’s your last name Yep it’s the name Tish Do you think your last name has been more of a burden or a boost to your career. I mean it’s insane to call it a burden right it is just it’s a mistake to sit here and say that that you had this amazing opportunity in life that you just walked into and that’s now a negative every time you walk into a room that said you have to be aware that people are judging and that people have assumptions when you walk into a. room that they’re going to look at you with and until you can either move them away immediately they’re always going to be sitting there waiting and so I has to be a benefit. It opens doors it. It gives me some semblance of credibility on one hand, but also a semblance of like negative judgment on another what’s the negative judgment.

Heres A Rich Kid Who Was Born

on third base. It’s gets every opportunity just by walking into a room and I think that that’s definitely in some situations happens to be the truth, but it doesn’t mean that that door you know you can walk in that door just because of that name. Three years ago you got the job to essentially runNK] New York City the mayor five years ago five years ago. I’m sorry. I think when you got that job there was immediate.

Immediate Criticism Immediate Push Back I

got a mat Morales. I know you know this who is a founder and entrepreneurs. Some sort said what his UK doing hiring a non-entrepreneur to run its program. Some anonymous entrepreneur who gave I think a quote to UK said I have no idea what experience beyond his family history led him to this position was that an example right there of the negative prejudgment of you or or David. You said sometimes it’s true.

You Know I Was Born On Third

base or was it accurate. I I you know a matt picht a weird time to do that so is about a week after our first demo day. So I had already executed on what I think was one of the better executions of an accelerator that it ever happened other than Y Combinator. When I joined UK we did a great job that first program so Matt came out a week after that and questioned it so had Matt said that three four months earlier. I think it was a stronger statement.

I Think The Timing Of That

statement was a bit off because I had already done the work to show that I was capable of leading a good doesn’t that suggest that perhaps and this is why we’re talking about this they weren’t questioning your experience. They were questioning your last name how you got it was it a velvet rope sort of. situation that got you into that job? It wasn’t I was that what they requested I think so and I think that they were questioning how I given my background was able to mentor a group of startups to try to succeed they didn’t see anything on my UK resume that said this person’s going to be able to do a great job. You um it’s always been weird to me that people use inherited wealth as somehow a discounting factor in your ability, or what you’re doing it’s to me the logical equivalent of holding someone’s poverty against them. You really had no say in what you were given now granted it was a benefit but it is something that happened to you right and so the better question is not whether or not you have the wealth or don’t have the wealth, but what you do wait a while I totally agree right so you have it’s my life it’s not my grandfather’s life it’s not my father’s life it’s not anyone else in my family’s life so I can walk in and say okay great.

I Have This Im Done Or You Can

say I want to do things for myself. I want to build something that’s my own. I want to have my own name. That is separate from this last name, So who’s David Tish, not whose Tish and I think that that’s been important for me from the start and so I think everybody. has a good thing or a bad thing? When they’re born has to figure out what to do with find that fascinating before we talk about some of the things you chose to do.

You Essentially Answered The Question That Many

people play a game with at the bar right like if you won the lottery. If you had 50 million dollars, what would you do with your life and all of us who aren’t in that situation wonder what I’d be on a beach. What I do these things you clearly I mean do you feel like your life is an answer to that question you didn’t have to do anything. This is what you chose to do. Oh sure I think that there’s like from my early childhood.

There Was No Ability Not To Do Something.

There was no ability to just take it easy right whether it. was in school whether it was in sports whether it was in life. I was always pushed to be great and to try harder and to not take the easy path and so probably from my early childhood upbringing it just wasn’t an option, so I think it based on family come here. Talking culture.

  • neighborhoods
  • parking
  • suburbs
  • parkings
  • suburbia

I Think That My Parents My

grandparents there was examples of success around me and so it raised the pressure to be successful. It didn’t open up an opportunity to be lazy and I think there was nobody when you looked around my family that was coasting and I think the dot as a kid it put even more pressure to figure out what to do here’s something I think it’s fascinating bout your family we’re continuing to talk about this right now that look the tisch family. You guys on fifty percent of the NEw York Giants started the Loews Corporation built it into a multi-billion dollar industry. I think the family’s worth north of 20 billion dollars, but it’s not just you looking to blaze his own Trail not follow the family into the Loews corporation. Your dad did the same and as I read about your family.

The Truth Is Your Grandfather And His

brother the ones that essentially built this massive wealth. They did the same thing themselves because your great-grandfather had a garment industry and I would imagine we’ve been very easy for them to just follow in the footsteps before buying that first hotel and a summer camp in the Catskills, and they could have went into the the camping business or into the Catskills and that whole industry that would have been a mistake looking back right skills have moved to. Look at my grandfather as a true entrepreneur, He he had a lower middle-class family in Brooklyn figured out how to borrow money to buy a hotel and built that from the ground up as a hotel in bankruptcy is a hotel that was struggling and from that single hotel came this fortune 100 business generation after generation Though blazing in Centro did you feel pressure to do that David they actually did you feel the opposite pressure not to go into the family business but to go find your own path. I think I’ve always been like that. I think I my father is probably the example that I looked at.

He Never Worked For The Family Business At

all. He never spent a day working at Lowes. He was always interested in creating something of his own. We

  • neighborhoods aren aren doing okay
  • true suburbia just residential
  • residential neighborhoods aren
  • premium parkings premium suburbs parking
  • parkings premium suburbs parking premium

Summary

There is this one thing that was trying to rent you my driveway so like driveway spaces I’m not rejecting it yet your heart is at a premium parkings at a . premium but in . suburbs is parking at . a premium so like in the city.& You don’t have a driveway right so it’s got applied it so it literally applies like Arab I got a 5-foot radius around a football stadium.& I’m like right eight days a year.& What about those we wouldn’t talk about suburban homes but those homes that are right up against industrial parks or against I don’t know downtown urban urban centers where you get to true suburbia just the residential neighborhoods around them but aren’t they doing okay.& them by themselves with a sign that says twenty dollars to park here and then you for the football games yet but then get out for the daily parking. yet but they are doing okay, but they aren’t doing okay . I read I think it was Kohlberg Kravis…. Click here to read more and watch the full video