July 14, 2022 • 29 mins
Issac Hayes III is a record producer, voice actor, and creator of the social media platform Fanbase. Issac talks about the power Black, and Brown's creators can have by owning and monetizing the content they post. In addition, the racial problems on other social media platforms and advice for aspiring entrepreneurs.
Original Air Date: Feb 2 2022
Host IG:@itstanyatime
Guest IG: @isaachayes3
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Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
Hey, Money Movers, Welcome back to Money Moves, the daily podcast,
determined to give you the keys to the Kingdom of
financial stability, wealth and abundance. I say, Hayes, I mean
you're a tech founder. You boots dropped it. People are
(00:22):
now making money. Can you talk about how you're approaching
like growing the platform and what success really looks like. Well,
for me, I say this, we have to normalize something
that's extremely important. When I started fan base, people would
call fan base is fan base like the black Instagram
or the black clubhouse or the black whatever. Right, And
(00:42):
when you use that term, you basically, uh by end
the philosophy that only white people can make things for
all people. And and we have to dispel that notion,
right like you know, or even in the space of tech,
if it isn't China, or if it isn't some other
country that that builds it, or if it doesn't come
(01:02):
from some white you know, Silicon Valley company, that that
it's something that can't be built for all people. And
in the space of culture, like I love how I
love calnd Lee, like everybody use canding, don't know what
that was thought about a black person, Like I love
it and so in culture they try to they try
to box you in and say, oh, this must be
the black whatever, and I'm like, no, this is for everybody.
(01:23):
It's black owned, but not black only. So I made
a post of myself and I put myself in a
photo with Mark Zuckerberg, Jack Dorsey, Kevin Sistrum and Ever
Spiegel and myself, and I said, look, we've never had
a guy like this. You never had like someone that's
started a social media platform that's elevated it to the level.
(01:45):
So my vision of success is that level of success.
If fan base is not that successful, then it wasn't
a success to me because I under it. Because number one,
there's no way in twenty one right. We've seen the
vale av you that we bring to Twitter with Black Twitter.
We've seen it with TikTok, We've seen it with Clubhouse.
(02:06):
I mean, the list is endless. It feels like acts
like everything here. And so one of the things that
I tell our community is sometimes black people were so
innovative that we innovate at a pace that we don't realize.
We're creating economies and we're creating infrastructures that we don't own.
(02:28):
And the best example that I give everybody is when
Grandmaster Flash scratch on the turntable for the first time,
nobody went up to him. It's like, hey, don't show
this to nobody. Give me like three or four months.
I'm gonna go make a turntable company, and then we're
gonna shock the world because what we did is we
innovated in our form on on hardware that we don't
(02:51):
We don't own a techniques or pioneers, so they owned
DJ culture. We made DJ culture right. And so then
one of my boys sent me this g wagon, this
crazy g wagon from Germany. It's like it's above a Brady. Yeah,
it's like a Hoffler or something crazy. It's got like
(03:12):
suicide doors, it's got TVs in the head rest, the
rims of like twenty inches. I'm like, yo, they neon.
I was like yo. I was like, this is what
we were doing the cars before anybody did. But these
luxury car companies this technology put TVs in the head russ,
all this luxury it's inside these vehicles. But we don't
a Chrysler afford a Chevrolet. So we innovate at a
(03:34):
space in the pace that we don't infrastructure. So the
same thing with social media. So it's like enough is enough.
We're innovating at a space and the pace a pace
that we don't actually own the infrastructure. So we need
to own the social media infrastructure for our culture as well,
because they're making billions of dollars off what we do.
It's the same way with these dance challenges and the
young TikTokers are getting taking advantage of and they're not
(03:56):
getting their credit, and then the other the white TikTokers
do the same answers that they didn't record to make
the song and they didn't make the choreography, but they're
going out and getting brand deals with these major brands
and making tons of money. So that's like enough is enough.
We have to own our our culture in the infrastructure
of social media and monetizing. It can be for everybody,
(04:16):
but when there's somebody black at the helm of what
you're doing, there's a care and there's actually a a
supervision and a monitoring of what's going on to make
sure that there isn't this imbalance of what's going on.
You know, there isn't like some there's a there's a dude,
there's a comedian on TikTok and he he has six
(04:36):
million followers, and his videos get taken off and banned
and block and someone takes his audio, his same audio
and does the same video. This this woman she's like,
she's like she's like Korean and and Danish finish and
she does his voiceovers and she's verified, has three men
about she's verified and something merch. But they take his
(04:57):
videos down, and so I'm like, it's crazy. So if
there's no one that sees that happen and say, okay, nah,
we that that's not gonna happen. Like we're gonna verify him.
You know, we're not gonna take his videos down if
we're not taking hers down. You know, we have to
create the environment that we do. So building a company
for me, it's just I'm a I'm a listener. I
know that I have to put people around me that
(05:20):
no way more than I do. I'm just the idea guy, right,
I'm just I'm the guy that's like, let's try this,
you know, Like I'm the guy that says let's try this.
My my cto. His name is Ramero Knivos. He's Argentinian
and I was blessed to meet him. And the team,
and they built a phenomenal product. And you know, I'm
being aggressive. I think you have to be as an entrepreneur,
(05:41):
you know, you have to surround yourself with people that
are smarter than you. If you're not technical, you have
to go and get the best technical founder you can.
And that's how you really build an excel Like, you
have to be aggressive. Ramero says stuff to me. I
don't know. I don't know what half the stuff me
half the time he's telling me. But it's like the
fact that he knows give me this sense of I'm like,
(06:01):
you really be known. This ship like it's a whole
another like the like where where data gets pulled memory
spikes or memory leap. So I was like, what's the
memory leap? A great question that we get asked a lot,
especially for early founders who are the visionaries and are like,
but how do I build this? How did you find
your technical co founder? My attorney and Drew Jackson, Drew,
(06:23):
he here's here's the thing. He introduced me to Ramero
and they had built you know, they had a resume
for working with companies like Taco Bell and the CDC,
and they had just built you know, these these great
apps and these great products, and so I was like,
all right, cool, I'm gonna work. I'm gonna work with them.
And I had a hiccup, like I had somebody that
was showing me the ropes and I'm I'm a listener,
(06:46):
so um, I had someone showing me the ropes and
then they kind of disappeared. It was almost like my
mentor and it kind of just left me holding the
bag right when I met Rameiro, and I was like,
I gotta keep going with this thing, like and I
may I made some good decisions. I sought off the
advice of a lot of people, um, Jewel Bert's, you know,
(07:07):
Monique on Diction, like people that I knew that were
in this space, and they would say, well, how do
you make a deck? So I'm like, all right, cool, Well,
I you know, I had a matter of fact, Jewel
refer me to this company that makes decks for you,
and I paid to have a deck made. But what
I told them was I wanted to make sure that
I had them send me the deck and keynote. And
(07:29):
then they sent me the deck and keynote, and then
I just started clicking buttons and figured out keynote, and
then I made my own day, right, give me the day.
And then I made the dick. And I wanted to
make yeah, you know, because I feel like, you know,
a lot of times they'll see a lot of early
stage bounders and they don't have a deck. They just
got a piece of paper, and like, you can't approach,
you know, building a business like that, Like you need
(07:50):
to come correct. And so I love even the way
you frame it where you're like, listen, I had somebody
make me a beautiful deck, but I was smart enough
to say, bring give it to me and keynote so
I can add my own layers of expertise and vision
onto it. Yeah, and and and and it was. And
now I know I use keno like I'm I'm man,
I'm I'm a Keno with But one of the most
(08:10):
important things even being successful. And I said this the
other day, we had a we had a room called
Monday Morning Marketing meeting on fan base UM and what
I said is you have to you have to get
very successful at failing, right, you have to really get
good at failing. And once you master failing, and people
(08:31):
don't even have you master failing. Well, the music industry
really trained me in ways that I didn't know and
even a lot of the other ventures and hustles that
I had throughout my life. I've been a voiceover artist
for almost twenty years. You know, I learned how to
use photoshop. I've been in the music business. So first
(08:51):
thing first is when you when you meet somebody and
somebody says, hey, I want to introduce you to somebody,
and they want to invest in your start up, but
they want like twenty sent for like fifty dollars. I'm like,
I come from the music business. That's some bullshit. And
it made me think, like intelligence is compartmental. You can
be brilliant in one area and a little naive and other. Right,
(09:13):
Like Steve Johns got voted out of his own company.
How did that happen? I don't know. It's the best
thing that ever happened. But the fact that he was
smart enough to smart enough to to to build at
butm but not smart enough to know I got all
the board seats. It's a whole just story, like, all right,
that happens. So that kind of stuff is like, nah,
I know what a bad deal is A mile of the
the way, I know what percentages is because you write songs,
(09:34):
you're splitting up percentage of publishing and you know what
that means. So and then being in the music business,
you get told no so many times, that's not the record,
that's not the hit, that's not the song. Maybe you're
not good enough, maybe you shouldn't be producing. So you're
fearless because you fail so many times. Some people fail
and then think and lose all their confidence. But being
(09:57):
told no a lot, it's just par for the course.
Are you trying to be an entrepreneur? You go here,
no a hundred times. Right, every record that's ever been
a hit, there was somebody that said that, ain't I
don't like it, And to this day there's like, it's
not that good, it's not my cup of tea. So
how do you how do you not take that personally?
And you understand that the greater goal is bigger than
(10:18):
that one no or maybe one hundred knows. I mean, well,
you have to have you have to be grounded in faith.
You have to really believe in yourself because I mean,
and I remember these ebbs and flows. When you get
wisdom is something like wisdom comes with the age. When
I was younger, and I would have ebbs and flows.
I mean I would make money in a music business
and not having even make money and then not having that,
I'm like, man, am I gonna go broke? Like I
(10:39):
don't know, am I gonna like like really bomb out
at this thing? But then you understand that life has
cycles of ups and downs and people people have wins
and lost. I've seen it with my dad. My dad
was enormously successful in the seventies right and there the
early eighties, and he was off in in in the
eighties from like eight eight and he did a couple
of things. When he came back with South Park and
it was the biggest a POPA came back up like
(11:01):
everybody gets like second and third acts when you see
the stuff that's going on with versus when you see
d Nice like d Knights was his rapper. Then he
was all doing photography and DJ and that helped to
back up. That's life. So you're gonna have these ebbs
and folds, and you gotta understand that you gotta ride
the waves. So that helps build your confidence in being
(11:21):
good at failing, because if you don't, if you don't
get good and failing and hearing no, then you're not
gonna make it as an As an entrepreneur, you gotta
understand that you gotta have, you know, some thick skin
because the things that you love, that you take personally,
your dreams and whatever it is you wrote a you
wrote a screenplay, or you know, you built a built
a great boutique, or anything that you take personally hurt
(11:43):
your poetry, your songs. You know, you gotta have thick
skin to keep pushing forward, you know, to get where
you need to get. So, um, I think that helped me.
So for me, my c t O is phenomenal. UM.
I just hired a senior marketing advisor by the name
of Sharon Britta Paris. I hired a director of creator
and artist's relations named Dre Davis, who's connected who've been
(12:05):
in the music industry for over twenty years, tour managing
people all the way from Kami Shale and Keisha Cole
and Brandy all the way up to like Polo g
and g Herbo right now. So his his relationships are
endless and we're continuing to build the team. So I
just want to put the people in in the in
the moves in place to kind of help us scale
(12:26):
this company. I love it. I love it, Isaac. Let's
talk a little bit more about these money moves. So
on the app when someone's giving big love to it,
how long does it take for the creative to get paid?
So we pay out once a month. Stripe is our
payment processing, so it's really simple for the money to
go out that Stripe you know, uses insta card, door
(12:46):
dash and lift drivers. You stripe so it's the same
way you just scan your debit card. You gotta enter
your tax idea or your Social Security number, and the
money flows into your account the first of every month.
The money comes out where you make in app purchases
through the Apple App Store, and then it's a fifty
fifty share because Apple are are gexters, they take we
take twenty. We passed fifty on to the creator. But again,
(13:09):
when you're thinking about people like just think if you
have a million followers on social media, right, and this
is my formula, this is the fan base formula. If
you have a million followers, five percent and you're following
is really your fan base. You've got a million followers,
you've got fifty thousand fans and in fifty thousand people
in a subscription on fan base, it's three nine a month.
(13:30):
So fifty thousand people are giving you a dollar ninety
nine a month, right, Think about that, that's a hundred
thousand a month. That's one point two million dollars a year.
If you just have a million followers and there's hundreds,
if not thousands of people, you have a million followers, Yeah,
I mean look like be honestly, got like two on
a million followers. You do the math, you do ten
(13:50):
million people, ten million people given hurt Man to sell
a bodysuit on fan base. And the thing about it
is there's a lot of there's a lot of pathways
and verticals in the platform to monetization in ways something
that I won't share that are really dough. But I
just think it's gonna it's gonna democratize access to to
(14:12):
UH to distribution. Okay, So because I have to ask,
because only fans have been in the news for the
past couple of weeks talking about it, it's now going
to restrict some of its illicit content and actions. How
do you feel about that? And what are the parameters
of I guess R rated activity that fan base has.
So we have terms of service that don't allow that
(14:35):
even nudity only fans that is still gonna allow people
to post new photos. So I don't know how that's
gonna work out, but I think they're just trying to
cut out like like sex, but I think nudity will
still be allowed. We don't allow nudity. I mean, it
doesn't really bother me. Here's and here's the reason why
I'm not afraid of any of these apps. Right, and
I say this, Every social media platform is going to
(14:56):
have a lifespan, right, And the reason why there's no
one out of innovation that Facebook and Instagram can do
to capture the youth because kids are always gonna want
to be on after their parents are not on. My
mama is on Facebook. I am not on Facebook. I'm
on Instagram. And I got a little brother who's fifteen
years old, who who will literally lie in my face
(15:17):
and say I'm not on social media when I know
he on TikTok and platforms. He wants to have his
conversations with his friends to talk about girls and music
that he likes, and he does not want his big
brother his big sister over there watching what he's doing.
Oh my gosh. I just went through this this week
with my seventeen year old nephew and I was like mortified. Right,
they have they have their own personality. They probably doing
(15:38):
dance challenges to ratchet records that you don't even know about,
like what. So like I don't care what features Facebook
and Instagram ad they're not getting the seventeen year old
to come on there because their mama is probably on
there and they were near it. So even fan base
will have a lifespan and then there'll be another app
after that and so on and so forth. So you know,
that's the that's the approach that we take for it,
(16:00):
that we take towards building building the platform. So again,
you know, only fans didn't really bother me because of
the fact that it's nudity, and I think they have
their own challenges. But there's enough room for everybody. Everybody's
but I mean, there's there's something discord, there's Twitch, There's
multimillion dollars platforms all over the place, So I'm you know,
there's there's enough room for everybody, and I don't I
(16:21):
don't have a problem like promoting other apps. There's the
main reason why a few reasons. A few reasons why
I promote other apps. Number One, I'm not gonna I'm
not gonna cut off access to people that I've built
in other platforms and channels. I'm not gonna get funny
like I'm not going over there. I open a room
up at the clubhouse the other day, like and they
had like five I want the people in a real
quick I'm like, that's the whole audience that I didn't have.
And and it's important to continue to do that and
(16:45):
maintain your connectivity to these these channels that you built.
I built a hundred thousand followers on Instagram. Are not
gonna just like not use it. I'm gonna use that
to to talk about my platforms and other platforms do
that too. And then also you have to date apps,
So tell people all the time you gotta date apps,
go on dates. And what I mean by that is
(17:05):
most people are right now are in a dysfunctional relationship
with an app that doesn't give them what they want,
but they stay. And if you don't cheat on apps,
you should be cheating on your apps all the time,
going out on some dates. And tell you why. Two
reasons why in their wildest dreams. I gaantee in his
wildest dreams. I guarantee you that Snapchat and DJ Kelly
did not know they were meant for each other. And
(17:27):
if DJ Kelly would have been loyal to my Space
or Facebook or Instagram, he would have never met the
love of his life Snapchat and changed his life. And
the same for Jason Derulo, who was a great recording
artist and then it kind of got kind of got
quiet for a while, and then he got on TikTok
and he's one of the biggest stars on TikTok. So
if he would remained loyal to all those other platforms,
(17:49):
and he probably was on too, he would have never
met those those this relationship he has with TikTok. So
you gotta date apps fan base everybody, but you definitely
should date it. You're bestually going a few dates because
you might be like, I like it over here, kind
of like you you know, there was this TikTok strike
and these kids were complaining, so we decided that we're
(18:10):
actually building another vertical in fan base. That is our
short form video editor, TikTok. It's in development right now.
We had a creative conference in Atlanta, Georgia, brought twenty
five TikTokers to the city, sat down with them, had
a dinner, form a private dinner, and then sat down
with them and talking about equity and show them what
algorithms were and really what's happening with their content. And
(18:32):
then we made an offer of equity in fan base
to them. Any of them are equity owners in in
fan base and will continue to be. And then you know,
and we showed them you know that that power, that
that what they bring to TikTok and and and again
when we have a chance to build these verticals, um,
(18:53):
we're gonna do that. And they're monetized. So that's something
that's really really exciting that we have this creator advisory
board that's gonna help us build this platfor for him.
Of about twenty five kids that that are, i mean,
some of them have thirteen million followers. They're just really
popping on the platform. But some of them have aren't
making any money. Like someone really posted, like on me
only like three or four thousand dollars on TikTok the
(19:13):
whole year. I'm like, what your videos again, like twenty
million million views or they're or they're starting these these
viral dance challenges that wind of making these records go
number one and the record label will give you eight
hundred dollars. What like, you just sold like three million
singles and you got eight hundred dollars. So you know,
(19:34):
we want to help them own their content on their moves,
you know, things like that that we're working on. We
created and again I love Ramural for this. I had
an idea. I was like, hey, we need to be
able to allow people to just migrate their entire Instagram
over the fan base. And oh, that's brilliant. And when
I said it, I said, let's make sure illegally we're
(19:55):
doing the right thing, which we are, because the content
belongs to the user and they should be able to
take it wherever they want too. And we and we
built this nice migration tool. You know, it's like moving
truck and you really just with a couple of quick
little linked here posts that here can continue your entire Instagram.
Just uploads on the fan base is huge because you know,
(20:15):
people get attached to their it's like a journal. So
I said this and starting a new platform the two
hardest things to do or make it tough for joining
your new platform is you have to post your content
all over it, and then you have to tell you
and then you have to build your following all over again.
But one makes two a lot easier. And I said like, look,
(20:39):
I was like, I don't know if whatever your favorite
restaurant is right. If your favorite restaurant said, look, removing locations,
We're about to be down the street. We want you
to start going over there. And you walk through the
door and the only thing you see is water and
bread sticks. Don't go back to the old location. If
you walk through the door and see the exact same
thing that was at the last place and some new
ship like I'm staying over here. Like so that's what
(21:01):
we wanted to do. And so people are people are
literally taking their entire content library and putting up of
families and nounce in in this place that they can
make money. It's in a place people can love it.
They can monetize, right, they can say, look, I love
So they put their content in a position to be
monetized and make money. And I think that's extremely important. Um,
and again it's aggressive people like that's dope, you nobody
(21:22):
ever did nothing like that. But I'm like you gotta
be palsy. You you have to be aggressive. I love
the fact that I'm in Atlanta because I'm not I'm
not anywhere near Silicon Valley. I feel like I'm underestimated.
I feel like, you know, but I'm being watched because
you told Tuller just announced this week, that last week
that they're having their own Creator conference in Atlanta, Georgia.
(21:46):
This is a spot. Yeah, it's gonna be a private dinner.
And I was like, really, like where y'all doing the
whole You're doing a conference over again, Like it's cool,
But the fact that you're this multimillion dollar company you
worried about Lilo me make um sweat, make sweat. Yeah,
it's making it's making them, it's making them a little uncomfortable.
(22:07):
And I like that. So I think that's good. Like
I said that, we have to break through these industries
where we own our culture and we monetize it, own
the infrastructure that does it, and we haven't had it,
like we gotta have We gotta have that that Zuckerberg
you know, regal cent stroom type of and again, and
this is a larger point, that type of wealth and
(22:30):
that type of wealth to people that are investors in
the company is game changing because the things that happen,
the things that we're allowed to do with that type
of wealth, it changes life for like community cities, this
I mean, the butterfly effect of that, the magnitude of it,
I mean, it changes the trage of this entire of
(22:51):
this nation. Like and that's what I think we're really
I'm grateful to you for having the vision to start
building and taking so many people along with you. I
mean the fact that you said there's five thousand people
investors yet and some are notable. We got some, we
got some got some big boys in there, like you know,
we've got some snoop dogs in there, and people that
(23:11):
are really you know, coming and invested. But I mean
what's so beautiful is like there's notables and then there's
just people. And I think that, like that to me
is so much more powerful because great, I love notoriety,
but people, and how do we build up a generation
and you know, like of just people who can build
wealth for their families and then build up again for
(23:33):
the next generation. Like that is the minimum to invest
in fan base was two hundred fifty six dollars. That's
the minimum gives you some chairs and we spend that
on some food. I was gonna say, that's a night
out at Houston's with a bottle. I mean, you can't
even get a bottle on the club at compound for that,
right you you about to buy a pair of Jays.
(23:55):
I'm gonna put in this tech company and and five
six years and now you'd be like, yeah, fan base
exits are I p O s and a hundred billion dollars.
Wait a minute, I got one point to five million dollars.
Yeah you do, because you just and you're gonna it's
gonna it's gonna change the game. Because it's really gonna
change you know, Like I said, access to wealth of
(24:15):
opportunity for people in this country, and those types of
moves are the things that Tyler Perry has done. Like
I look, I looked at things like that, and even
in the political space, I think it's extremely important because
it gives us access to capital to raise money for
candidates that can do things for a community. One thing
that's extremely important that I said this too, is like
(24:36):
when you think about like what Tyler Perry did with
Tyler Perry Studios, Right, that's three hundred three hundred acres
right there, gonna plus acres he got sold at for
thirty five million dollars from the former mayor that's running
from mayor now. So so another black man, So the
another black man the land in which to build his
dreams upont in any of the city. That would have
not happened. Right Number one, he couldn't afford it. That
(25:00):
same three is in l A is eight hundred and
fifty million dollars. In New York City it's one point
three billion. So number one three thirty five million dollars
of steel, like that's a that's a that's a steel.
And then the political power that if Tyler Perry tried
to walk in Hollywood or walk in New York City.
So I want to build movie study able to laugh
his ass about the room. You want to build a
(25:20):
Locasto's bigger than like Warner Brothers, a paramount and you're
a black man, get out of here and would never
let him do that. So Atlanta is a place where
we're underestimated. I think we're respected in tech um people
like you, paul Um jewel Berry. They're making ways. You know,
you guys have set the pace in the Trent for
(25:40):
someone like me to come along and say, okay, whaite
people in technology is not nothing to scoff at now,
It's not really have to keep our eyes on it.
So for sure, alright, Isaac, as we take us out,
I know you raised some really good money from amazing investors.
Is the round closed or can people still get in
and invest money in fan Base? So the round closed?
(26:01):
We raised three point five million dollars. What say that again? Please?
Three point five million dollars? Three point five millions? That
sounds good, brother, Yeah, we raised three point five million
dollars in a in a rex CF crowd fund. I'm
the first black man to raise three point five million
dollars in a REXI. I could have raised five, but
I didn't want to raise five, which has been the match.
(26:23):
You can raise the rex cif but I didn't need
the capital. But I'm happy that I was able to
do that. In the round is closed. But the cool
thing about start engine and even you know, at some
point I know that venture capital is gonna have to
come into play with fan Base. My goal is to
raise a hundred million dollars at a billion dollar evaluation.
That's my goal. I'm gonna tell you how we're gonna
(26:45):
do it. Hundred million dollars at a billion dollar evaluation.
Even in that, even in that platform, even in that
that raise start engine has another another vertical called a
rag A plus, and so you can raise some seventy
five million in a Reggae plus some nine and to
it investors as well. I think it's acredited and non
accredited in that round. But the cool thing about that
is I always want to make a portion of my
(27:07):
rays available to the general public to invest because users
make the platform the platform. And that's the two That's
the tone that people are saying. Now. A lot of
people are like a lot of I see a lot
of people tweeting like, Oh, it's like equity is really
what matters. Ownership is will matter to the users. Have
a chance to own part of the platform. I think
it's significantly gives you. It gives you people that are
(27:28):
invested in a way that are really gonna be champions
of the platform. And you think about it, you know,
another another ten or fifteen million dollars from the public
to be able to invest in a startup. Um, it's
important and I think I always want to do that
it's like it's like giving back to the people, giving
people an opportunity to have a chance at real wealth
through these tech startups, because it always is it's like
(27:49):
it's always like ten, ten or twelve people that always
get the bag. But let's let's let thirty people get
back get the bag and then they can disseminate it
and spread it. And that's how we really make money. News. Absolutely,
that's that's what I want. I wanted. I want the
largest distribution of wealth to black people in the history
of this country. That's what I want you to tell about.
(28:10):
Reparations was invest bit Point and n f T S
throwing in some of these startups and there, and there's
a lot of other you know, great black founder startups
on start Engine to Crowning Hops is on there, angela
bit in with stream Lyritcs is raising, Don is still raising,
Donna Cannon is raising money for his startups. So there's
a lot of other great black founders startups on start
(28:31):
Engine for you to invest it. So I say check
that out because it's your chance to really have equity.
I'm invested in all those companies. Tell people, you know,
we have to support our own businesses. And really get
involved in that way, and so I was happy to
do that too, Isaac. It is such a pleasure. Thank
you so much for sharing your wisdom. Thank you so
much for creating wealth for so many of us, and
we are wishing you the best and thank you. Just
(28:53):
thank you from the bottom of our heart. Set money
names in Greenwood for sharing your time with us today.
Thank you very much, appreciate it. That's it for this
episode of the Money Moves Podcast powered by Greenwood. Thank
you for joining us money Movers. Be sure to tune
back in next time to see all the great tips
and exciting information that we've got for you, and to
see the journeys of so many of our black founders
(29:14):
that are out there creating wealth and opportunity for so
many of us. Thank you so much for tuning in
Money Moves audience. If you want more or a recap
of this episode, please go to the Bank Greenwood dot
com and check out the Money Moves podcast blog. Money
Moves is an I heart radio podcast powered by Greenwood
(29:35):
Executive produced by Sunwise Media, Inc. For more podcasts on
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Hey, Money Movers, Welcome back to Money Moves, the daily podcast,
determined to give you the keys to the Kingdom of
financial stability, wealth and abundance. I say, Hayes, I mean
you're a tech founder. You boots dropped it. People are
(00:22):
now making money. Can you talk about how you're approaching
like growing the platform and what success really looks like. Well,
for me, I say this, we have to normalize something
that's extremely important. When I started fan base, people would
call fan base is fan base like the black Instagram
or the black clubhouse or the black whatever. Right, And
(00:42):
when you use that term, you basically, uh by end
the philosophy that only white people can make things for
all people. And and we have to dispel that notion,
right like you know, or even in the space of tech,
if it isn't China, or if it isn't some other
country that that builds it, or if it doesn't come
(01:02):
from some white you know, Silicon Valley company, that that
it's something that can't be built for all people. And
in the space of culture, like I love how I
love calnd Lee, like everybody use canding, don't know what
that was thought about a black person, Like I love
it and so in culture they try to they try
to box you in and say, oh, this must be
the black whatever, and I'm like, no, this is for everybody.
(01:23):
It's black owned, but not black only. So I made
a post of myself and I put myself in a
photo with Mark Zuckerberg, Jack Dorsey, Kevin Sistrum and Ever
Spiegel and myself, and I said, look, we've never had
a guy like this. You never had like someone that's
started a social media platform that's elevated it to the level.
(01:45):
So my vision of success is that level of success.
If fan base is not that successful, then it wasn't
a success to me because I under it. Because number one,
there's no way in twenty one right. We've seen the
vale av you that we bring to Twitter with Black Twitter.
We've seen it with TikTok, We've seen it with Clubhouse.
(02:06):
I mean, the list is endless. It feels like acts
like everything here. And so one of the things that
I tell our community is sometimes black people were so
innovative that we innovate at a pace that we don't realize.
We're creating economies and we're creating infrastructures that we don't own.
(02:28):
And the best example that I give everybody is when
Grandmaster Flash scratch on the turntable for the first time,
nobody went up to him. It's like, hey, don't show
this to nobody. Give me like three or four months.
I'm gonna go make a turntable company, and then we're
gonna shock the world because what we did is we
innovated in our form on on hardware that we don't
(02:51):
We don't own a techniques or pioneers, so they owned
DJ culture. We made DJ culture right. And so then
one of my boys sent me this g wagon, this
crazy g wagon from Germany. It's like it's above a Brady. Yeah,
it's like a Hoffler or something crazy. It's got like
(03:12):
suicide doors, it's got TVs in the head rest, the
rims of like twenty inches. I'm like, yo, they neon.
I was like yo. I was like, this is what
we were doing the cars before anybody did. But these
luxury car companies this technology put TVs in the head russ,
all this luxury it's inside these vehicles. But we don't
a Chrysler afford a Chevrolet. So we innovate at a
(03:34):
space in the pace that we don't infrastructure. So the
same thing with social media. So it's like enough is enough.
We're innovating at a space and the pace a pace
that we don't actually own the infrastructure. So we need
to own the social media infrastructure for our culture as well,
because they're making billions of dollars off what we do.
It's the same way with these dance challenges and the
young TikTokers are getting taking advantage of and they're not
(03:56):
getting their credit, and then the other the white TikTokers
do the same answers that they didn't record to make
the song and they didn't make the choreography, but they're
going out and getting brand deals with these major brands
and making tons of money. So that's like enough is enough.
We have to own our our culture in the infrastructure
of social media and monetizing. It can be for everybody,
(04:16):
but when there's somebody black at the helm of what
you're doing, there's a care and there's actually a a
supervision and a monitoring of what's going on to make
sure that there isn't this imbalance of what's going on.
You know, there isn't like some there's a there's a dude,
there's a comedian on TikTok and he he has six
(04:36):
million followers, and his videos get taken off and banned
and block and someone takes his audio, his same audio
and does the same video. This this woman she's like,
she's like she's like Korean and and Danish finish and
she does his voiceovers and she's verified, has three men
about she's verified and something merch. But they take his
(04:57):
videos down, and so I'm like, it's crazy. So if
there's no one that sees that happen and say, okay, nah,
we that that's not gonna happen. Like we're gonna verify him.
You know, we're not gonna take his videos down if
we're not taking hers down. You know, we have to
create the environment that we do. So building a company
for me, it's just I'm a I'm a listener. I
know that I have to put people around me that
(05:20):
no way more than I do. I'm just the idea guy, right,
I'm just I'm the guy that's like, let's try this,
you know, Like I'm the guy that says let's try this.
My my cto. His name is Ramero Knivos. He's Argentinian
and I was blessed to meet him. And the team,
and they built a phenomenal product. And you know, I'm
being aggressive. I think you have to be as an entrepreneur,
(05:41):
you know, you have to surround yourself with people that
are smarter than you. If you're not technical, you have
to go and get the best technical founder you can.
And that's how you really build an excel Like, you
have to be aggressive. Ramero says stuff to me. I
don't know. I don't know what half the stuff me
half the time he's telling me. But it's like the
fact that he knows give me this sense of I'm like,
(06:01):
you really be known. This ship like it's a whole
another like the like where where data gets pulled memory
spikes or memory leap. So I was like, what's the
memory leap? A great question that we get asked a lot,
especially for early founders who are the visionaries and are like,
but how do I build this? How did you find
your technical co founder? My attorney and Drew Jackson, Drew,
(06:23):
he here's here's the thing. He introduced me to Ramero
and they had built you know, they had a resume
for working with companies like Taco Bell and the CDC,
and they had just built you know, these these great
apps and these great products, and so I was like,
all right, cool, I'm gonna work. I'm gonna work with them.
And I had a hiccup, like I had somebody that
was showing me the ropes and I'm I'm a listener,
(06:46):
so um, I had someone showing me the ropes and
then they kind of disappeared. It was almost like my
mentor and it kind of just left me holding the
bag right when I met Rameiro, and I was like,
I gotta keep going with this thing, like and I
may I made some good decisions. I sought off the
advice of a lot of people, um, Jewel Bert's, you know,
(07:07):
Monique on Diction, like people that I knew that were
in this space, and they would say, well, how do
you make a deck? So I'm like, all right, cool, Well,
I you know, I had a matter of fact, Jewel
refer me to this company that makes decks for you,
and I paid to have a deck made. But what
I told them was I wanted to make sure that
I had them send me the deck and keynote. And
(07:29):
then they sent me the deck and keynote, and then
I just started clicking buttons and figured out keynote, and
then I made my own day, right, give me the day.
And then I made the dick. And I wanted to
make yeah, you know, because I feel like, you know,
a lot of times they'll see a lot of early
stage bounders and they don't have a deck. They just
got a piece of paper, and like, you can't approach,
you know, building a business like that, Like you need
(07:50):
to come correct. And so I love even the way
you frame it where you're like, listen, I had somebody
make me a beautiful deck, but I was smart enough
to say, bring give it to me and keynote so
I can add my own layers of expertise and vision
onto it. Yeah, and and and and it was. And
now I know I use keno like I'm I'm man,
I'm I'm a Keno with But one of the most
(08:10):
important things even being successful. And I said this the
other day, we had a we had a room called
Monday Morning Marketing meeting on fan base UM and what
I said is you have to you have to get
very successful at failing, right, you have to really get
good at failing. And once you master failing, and people
(08:31):
don't even have you master failing. Well, the music industry
really trained me in ways that I didn't know and
even a lot of the other ventures and hustles that
I had throughout my life. I've been a voiceover artist
for almost twenty years. You know, I learned how to
use photoshop. I've been in the music business. So first
(08:51):
thing first is when you when you meet somebody and
somebody says, hey, I want to introduce you to somebody,
and they want to invest in your start up, but
they want like twenty sent for like fifty dollars. I'm like,
I come from the music business. That's some bullshit. And
it made me think, like intelligence is compartmental. You can
be brilliant in one area and a little naive and other. Right,
(09:13):
Like Steve Johns got voted out of his own company.
How did that happen? I don't know. It's the best
thing that ever happened. But the fact that he was
smart enough to smart enough to to to build at
butm but not smart enough to know I got all
the board seats. It's a whole just story, like, all right,
that happens. So that kind of stuff is like, nah,
I know what a bad deal is A mile of the
the way, I know what percentages is because you write songs,
(09:34):
you're splitting up percentage of publishing and you know what
that means. So and then being in the music business,
you get told no so many times, that's not the record,
that's not the hit, that's not the song. Maybe you're
not good enough, maybe you shouldn't be producing. So you're
fearless because you fail so many times. Some people fail
and then think and lose all their confidence. But being
(09:57):
told no a lot, it's just par for the course.
Are you trying to be an entrepreneur? You go here,
no a hundred times. Right, every record that's ever been
a hit, there was somebody that said that, ain't I
don't like it, And to this day there's like, it's
not that good, it's not my cup of tea. So
how do you how do you not take that personally?
And you understand that the greater goal is bigger than
(10:18):
that one no or maybe one hundred knows. I mean, well,
you have to have you have to be grounded in faith.
You have to really believe in yourself because I mean,
and I remember these ebbs and flows. When you get
wisdom is something like wisdom comes with the age. When
I was younger, and I would have ebbs and flows.
I mean I would make money in a music business
and not having even make money and then not having that,
I'm like, man, am I gonna go broke? Like I
(10:39):
don't know, am I gonna like like really bomb out
at this thing? But then you understand that life has
cycles of ups and downs and people people have wins
and lost. I've seen it with my dad. My dad
was enormously successful in the seventies right and there the
early eighties, and he was off in in in the
eighties from like eight eight and he did a couple
of things. When he came back with South Park and
it was the biggest a POPA came back up like
(11:01):
everybody gets like second and third acts when you see
the stuff that's going on with versus when you see
d Nice like d Knights was his rapper. Then he
was all doing photography and DJ and that helped to
back up. That's life. So you're gonna have these ebbs
and folds, and you gotta understand that you gotta ride
the waves. So that helps build your confidence in being
(11:21):
good at failing, because if you don't, if you don't
get good and failing and hearing no, then you're not
gonna make it as an As an entrepreneur, you gotta
understand that you gotta have, you know, some thick skin
because the things that you love, that you take personally,
your dreams and whatever it is you wrote a you
wrote a screenplay, or you know, you built a built
a great boutique, or anything that you take personally hurt
(11:43):
your poetry, your songs. You know, you gotta have thick
skin to keep pushing forward, you know, to get where
you need to get. So, um, I think that helped me.
So for me, my c t O is phenomenal. UM.
I just hired a senior marketing advisor by the name
of Sharon Britta Paris. I hired a director of creator
and artist's relations named Dre Davis, who's connected who've been
(12:05):
in the music industry for over twenty years, tour managing
people all the way from Kami Shale and Keisha Cole
and Brandy all the way up to like Polo g
and g Herbo right now. So his his relationships are
endless and we're continuing to build the team. So I
just want to put the people in in the in
the moves in place to kind of help us scale
(12:26):
this company. I love it. I love it, Isaac. Let's
talk a little bit more about these money moves. So
on the app when someone's giving big love to it,
how long does it take for the creative to get paid?
So we pay out once a month. Stripe is our
payment processing, so it's really simple for the money to
go out that Stripe you know, uses insta card, door
(12:46):
dash and lift drivers. You stripe so it's the same
way you just scan your debit card. You gotta enter
your tax idea or your Social Security number, and the
money flows into your account the first of every month.
The money comes out where you make in app purchases
through the Apple App Store, and then it's a fifty
fifty share because Apple are are gexters, they take we
take twenty. We passed fifty on to the creator. But again,
(13:09):
when you're thinking about people like just think if you
have a million followers on social media, right, and this
is my formula, this is the fan base formula. If
you have a million followers, five percent and you're following
is really your fan base. You've got a million followers,
you've got fifty thousand fans and in fifty thousand people
in a subscription on fan base, it's three nine a month.
(13:30):
So fifty thousand people are giving you a dollar ninety
nine a month, right, Think about that, that's a hundred
thousand a month. That's one point two million dollars a year.
If you just have a million followers and there's hundreds,
if not thousands of people, you have a million followers, Yeah,
I mean look like be honestly, got like two on
a million followers. You do the math, you do ten
(13:50):
million people, ten million people given hurt Man to sell
a bodysuit on fan base. And the thing about it
is there's a lot of there's a lot of pathways
and verticals in the platform to monetization in ways something
that I won't share that are really dough. But I
just think it's gonna it's gonna democratize access to to
(14:12):
UH to distribution. Okay, So because I have to ask,
because only fans have been in the news for the
past couple of weeks talking about it, it's now going
to restrict some of its illicit content and actions. How
do you feel about that? And what are the parameters
of I guess R rated activity that fan base has.
So we have terms of service that don't allow that
(14:35):
even nudity only fans that is still gonna allow people
to post new photos. So I don't know how that's
gonna work out, but I think they're just trying to
cut out like like sex, but I think nudity will
still be allowed. We don't allow nudity. I mean, it
doesn't really bother me. Here's and here's the reason why
I'm not afraid of any of these apps. Right, and
I say this, Every social media platform is going to
(14:56):
have a lifespan, right, And the reason why there's no
one out of innovation that Facebook and Instagram can do
to capture the youth because kids are always gonna want
to be on after their parents are not on. My
mama is on Facebook. I am not on Facebook. I'm
on Instagram. And I got a little brother who's fifteen
years old, who who will literally lie in my face
(15:17):
and say I'm not on social media when I know
he on TikTok and platforms. He wants to have his
conversations with his friends to talk about girls and music
that he likes, and he does not want his big
brother his big sister over there watching what he's doing.
Oh my gosh. I just went through this this week
with my seventeen year old nephew and I was like mortified. Right,
they have they have their own personality. They probably doing
(15:38):
dance challenges to ratchet records that you don't even know about,
like what. So like I don't care what features Facebook
and Instagram ad they're not getting the seventeen year old
to come on there because their mama is probably on
there and they were near it. So even fan base
will have a lifespan and then there'll be another app
after that and so on and so forth. So you know,
that's the that's the approach that we take for it,
(16:00):
that we take towards building building the platform. So again,
you know, only fans didn't really bother me because of
the fact that it's nudity, and I think they have
their own challenges. But there's enough room for everybody. Everybody's
but I mean, there's there's something discord, there's Twitch, There's
multimillion dollars platforms all over the place, So I'm you know,
there's there's enough room for everybody, and I don't I
(16:21):
don't have a problem like promoting other apps. There's the
main reason why a few reasons. A few reasons why
I promote other apps. Number One, I'm not gonna I'm
not gonna cut off access to people that I've built
in other platforms and channels. I'm not gonna get funny
like I'm not going over there. I open a room
up at the clubhouse the other day, like and they
had like five I want the people in a real
quick I'm like, that's the whole audience that I didn't have.
And and it's important to continue to do that and
(16:45):
maintain your connectivity to these these channels that you built.
I built a hundred thousand followers on Instagram. Are not
gonna just like not use it. I'm gonna use that
to to talk about my platforms and other platforms do
that too. And then also you have to date apps,
So tell people all the time you gotta date apps,
go on dates. And what I mean by that is
(17:05):
most people are right now are in a dysfunctional relationship
with an app that doesn't give them what they want,
but they stay. And if you don't cheat on apps,
you should be cheating on your apps all the time,
going out on some dates. And tell you why. Two
reasons why in their wildest dreams. I gaantee in his
wildest dreams. I guarantee you that Snapchat and DJ Kelly
did not know they were meant for each other. And
(17:27):
if DJ Kelly would have been loyal to my Space
or Facebook or Instagram, he would have never met the
love of his life Snapchat and changed his life. And
the same for Jason Derulo, who was a great recording
artist and then it kind of got kind of got
quiet for a while, and then he got on TikTok
and he's one of the biggest stars on TikTok. So
if he would remained loyal to all those other platforms,
(17:49):
and he probably was on too, he would have never
met those those this relationship he has with TikTok. So
you gotta date apps fan base everybody, but you definitely
should date it. You're bestually going a few dates because
you might be like, I like it over here, kind
of like you you know, there was this TikTok strike
and these kids were complaining, so we decided that we're
(18:10):
actually building another vertical in fan base. That is our
short form video editor, TikTok. It's in development right now.
We had a creative conference in Atlanta, Georgia, brought twenty
five TikTokers to the city, sat down with them, had
a dinner, form a private dinner, and then sat down
with them and talking about equity and show them what
algorithms were and really what's happening with their content. And
(18:32):
then we made an offer of equity in fan base
to them. Any of them are equity owners in in
fan base and will continue to be. And then you know,
and we showed them you know that that power, that
that what they bring to TikTok and and and again
when we have a chance to build these verticals, um,
(18:53):
we're gonna do that. And they're monetized. So that's something
that's really really exciting that we have this creator advisory
board that's gonna help us build this platfor for him.
Of about twenty five kids that that are, i mean,
some of them have thirteen million followers. They're just really
popping on the platform. But some of them have aren't
making any money. Like someone really posted, like on me
only like three or four thousand dollars on TikTok the
(19:13):
whole year. I'm like, what your videos again, like twenty
million million views or they're or they're starting these these
viral dance challenges that wind of making these records go
number one and the record label will give you eight
hundred dollars. What like, you just sold like three million
singles and you got eight hundred dollars. So you know,
(19:34):
we want to help them own their content on their moves,
you know, things like that that we're working on. We
created and again I love Ramural for this. I had
an idea. I was like, hey, we need to be
able to allow people to just migrate their entire Instagram
over the fan base. And oh, that's brilliant. And when
I said it, I said, let's make sure illegally we're
(19:55):
doing the right thing, which we are, because the content
belongs to the user and they should be able to
take it wherever they want too. And we and we
built this nice migration tool. You know, it's like moving
truck and you really just with a couple of quick
little linked here posts that here can continue your entire Instagram.
Just uploads on the fan base is huge because you know,
(20:15):
people get attached to their it's like a journal. So
I said this and starting a new platform the two
hardest things to do or make it tough for joining
your new platform is you have to post your content
all over it, and then you have to tell you
and then you have to build your following all over again.
But one makes two a lot easier. And I said like, look,
(20:39):
I was like, I don't know if whatever your favorite
restaurant is right. If your favorite restaurant said, look, removing locations,
We're about to be down the street. We want you
to start going over there. And you walk through the
door and the only thing you see is water and
bread sticks. Don't go back to the old location. If
you walk through the door and see the exact same
thing that was at the last place and some new
ship like I'm staying over here. Like so that's what
(21:01):
we wanted to do. And so people are people are
literally taking their entire content library and putting up of
families and nounce in in this place that they can
make money. It's in a place people can love it.
They can monetize, right, they can say, look, I love
So they put their content in a position to be
monetized and make money. And I think that's extremely important. Um,
and again it's aggressive people like that's dope, you nobody
(21:22):
ever did nothing like that. But I'm like you gotta
be palsy. You you have to be aggressive. I love
the fact that I'm in Atlanta because I'm not I'm
not anywhere near Silicon Valley. I feel like I'm underestimated.
I feel like, you know, but I'm being watched because
you told Tuller just announced this week, that last week
that they're having their own Creator conference in Atlanta, Georgia.
(21:46):
This is a spot. Yeah, it's gonna be a private dinner.
And I was like, really, like where y'all doing the
whole You're doing a conference over again, Like it's cool,
But the fact that you're this multimillion dollar company you
worried about Lilo me make um sweat, make sweat. Yeah,
it's making it's making them, it's making them a little uncomfortable.
(22:07):
And I like that. So I think that's good. Like
I said that, we have to break through these industries
where we own our culture and we monetize it, own
the infrastructure that does it, and we haven't had it,
like we gotta have We gotta have that that Zuckerberg
you know, regal cent stroom type of and again, and
this is a larger point, that type of wealth and
(22:30):
that type of wealth to people that are investors in
the company is game changing because the things that happen,
the things that we're allowed to do with that type
of wealth, it changes life for like community cities, this
I mean, the butterfly effect of that, the magnitude of it,
I mean, it changes the trage of this entire of
(22:51):
this nation. Like and that's what I think we're really
I'm grateful to you for having the vision to start
building and taking so many people along with you. I
mean the fact that you said there's five thousand people
investors yet and some are notable. We got some, we
got some got some big boys in there, like you know,
we've got some snoop dogs in there, and people that
(23:11):
are really you know, coming and invested. But I mean
what's so beautiful is like there's notables and then there's
just people. And I think that, like that to me
is so much more powerful because great, I love notoriety,
but people, and how do we build up a generation
and you know, like of just people who can build
wealth for their families and then build up again for
(23:33):
the next generation. Like that is the minimum to invest
in fan base was two hundred fifty six dollars. That's
the minimum gives you some chairs and we spend that
on some food. I was gonna say, that's a night
out at Houston's with a bottle. I mean, you can't
even get a bottle on the club at compound for that,
right you you about to buy a pair of Jays.
(23:55):
I'm gonna put in this tech company and and five
six years and now you'd be like, yeah, fan base
exits are I p O s and a hundred billion dollars.
Wait a minute, I got one point to five million dollars.
Yeah you do, because you just and you're gonna it's
gonna it's gonna change the game. Because it's really gonna
change you know, Like I said, access to wealth of
(24:15):
opportunity for people in this country, and those types of
moves are the things that Tyler Perry has done. Like
I look, I looked at things like that, and even
in the political space, I think it's extremely important because
it gives us access to capital to raise money for
candidates that can do things for a community. One thing
that's extremely important that I said this too, is like
(24:36):
when you think about like what Tyler Perry did with
Tyler Perry Studios, Right, that's three hundred three hundred acres
right there, gonna plus acres he got sold at for
thirty five million dollars from the former mayor that's running
from mayor now. So so another black man, So the
another black man the land in which to build his
dreams upont in any of the city. That would have
not happened. Right Number one, he couldn't afford it. That
(25:00):
same three is in l A is eight hundred and
fifty million dollars. In New York City it's one point
three billion. So number one three thirty five million dollars
of steel, like that's a that's a that's a steel.
And then the political power that if Tyler Perry tried
to walk in Hollywood or walk in New York City.
So I want to build movie study able to laugh
his ass about the room. You want to build a
(25:20):
Locasto's bigger than like Warner Brothers, a paramount and you're
a black man, get out of here and would never
let him do that. So Atlanta is a place where
we're underestimated. I think we're respected in tech um people
like you, paul Um jewel Berry. They're making ways. You know,
you guys have set the pace in the Trent for
(25:40):
someone like me to come along and say, okay, whaite
people in technology is not nothing to scoff at now,
It's not really have to keep our eyes on it.
So for sure, alright, Isaac, as we take us out,
I know you raised some really good money from amazing investors.
Is the round closed or can people still get in
and invest money in fan Base? So the round closed?
(26:01):
We raised three point five million dollars. What say that again? Please?
Three point five million dollars? Three point five millions? That
sounds good, brother, Yeah, we raised three point five million
dollars in a in a rex CF crowd fund. I'm
the first black man to raise three point five million
dollars in a REXI. I could have raised five, but
I didn't want to raise five, which has been the match.
(26:23):
You can raise the rex cif but I didn't need
the capital. But I'm happy that I was able to
do that. In the round is closed. But the cool
thing about start engine and even you know, at some
point I know that venture capital is gonna have to
come into play with fan Base. My goal is to
raise a hundred million dollars at a billion dollar evaluation.
That's my goal. I'm gonna tell you how we're gonna
(26:45):
do it. Hundred million dollars at a billion dollar evaluation.
Even in that, even in that platform, even in that
that raise start engine has another another vertical called a
rag A plus, and so you can raise some seventy
five million in a Reggae plus some nine and to
it investors as well. I think it's acredited and non
accredited in that round. But the cool thing about that
is I always want to make a portion of my
(27:07):
rays available to the general public to invest because users
make the platform the platform. And that's the two That's
the tone that people are saying. Now. A lot of
people are like a lot of I see a lot
of people tweeting like, Oh, it's like equity is really
what matters. Ownership is will matter to the users. Have
a chance to own part of the platform. I think
it's significantly gives you. It gives you people that are
(27:28):
invested in a way that are really gonna be champions
of the platform. And you think about it, you know,
another another ten or fifteen million dollars from the public
to be able to invest in a startup. Um, it's
important and I think I always want to do that
it's like it's like giving back to the people, giving
people an opportunity to have a chance at real wealth
through these tech startups, because it always is it's like
(27:49):
it's always like ten, ten or twelve people that always
get the bag. But let's let's let thirty people get
back get the bag and then they can disseminate it
and spread it. And that's how we really make money. News. Absolutely,
that's that's what I want. I wanted. I want the
largest distribution of wealth to black people in the history
of this country. That's what I want you to tell about.
(28:10):
Reparations was invest bit Point and n f T S
throwing in some of these startups and there, and there's
a lot of other you know, great black founder startups
on start Engine to Crowning Hops is on there, angela
bit in with stream Lyritcs is raising, Don is still raising,
Donna Cannon is raising money for his startups. So there's
a lot of other great black founders startups on start
(28:31):
Engine for you to invest it. So I say check
that out because it's your chance to really have equity.
I'm invested in all those companies. Tell people, you know,
we have to support our own businesses. And really get
involved in that way, and so I was happy to
do that too, Isaac. It is such a pleasure. Thank
you so much for sharing your wisdom. Thank you so
much for creating wealth for so many of us, and
we are wishing you the best and thank you. Just
(28:53):
thank you from the bottom of our heart. Set money
names in Greenwood for sharing your time with us today.
Thank you very much, appreciate it. That's it for this
episode of the Money Moves Podcast powered by Greenwood. Thank
you for joining us money Movers. Be sure to tune
back in next time to see all the great tips
and exciting information that we've got for you, and to
see the journeys of so many of our black founders
(29:14):
that are out there creating wealth and opportunity for so
many of us. Thank you so much for tuning in
Money Moves audience. If you want more or a recap
of this episode, please go to the Bank Greenwood dot
com and check out the Money Moves podcast blog. Money
Moves is an I heart radio podcast powered by Greenwood
(29:35):
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