February 2, 2022 • 29 mins
In this deep dive, Issac continues to talk about how to monetize from social media apps.
Issac shares how valuable it is for black and brown communities to own the content we make. The importance of using multiple platforms to increase your viewership. The racial problems with TikTok led him to create Fanbase. The significance of finding teammates that know more than you. Issac shares his wisdom that every entrepreneur should learn how to fail.
Issac is a record producer, voice actor, and entrepreneur who has a name that should sound familiar to everyone.
He is the son of the late soul icon Issac Hayes. Like his father before him, Issac has entered the realm of entrepreneurship.
Host IG: @itstanyatime
Guest IG: @isaachayes3
Fanbase: @fanbaseapp_
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Transcript
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 bootstrapped it. People are now
(00:22):
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's fan base like the black Instagram or
the black clubhouse or the black whatever. Right, And when
(00:42):
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 from
(01:02):
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 Canda, don't know what that
was not about a black person like 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. It's black owned,
(01:25):
but not black only. So I made a post in
myself and I put myself in a photo with Mark Zuckerberg,
Jack Dorsey, Kevin Sistrum, and Evan 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. So my vision
(01:46):
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 right. We've seen the value that we
bring to Twitter with black Twitter. We've seen it with TikTok,
We've seen it with Clubhouse. I mean, the list is endless.
(02:08):
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. And the best example
(02:29):
that I give everybody is. When Grand Master Flash scratch
on the turntable for the first time, nobody went up there.
Him was 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 We don't own a
(02:51):
techniques or pioneers, so they owned DJ culture. We made
DJ culture, right and so and then one of my
boys sent me this g wagon, this crazy g wagon
from Germany. It's like it's above a brave, Like yeah,
it's like a Hoffler or something crazy. It's got like
(03:12):
suicide doors, It's got TVs and the head rest, the
rims and like twenty inches. I'm like, yo, theyre 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
own a Chrysler afford a Chevrolet. So we innovate at
(03:34):
a space and 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
(03:55):
and they're not 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, but when there's somebody black at the
(04:18):
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 million followers, and his videos get
(04:39):
taken off and banned and black 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 or finish and she does his voiceovers and she's verified,
has three ni about she verified and something merch. But
they take his videos down, and so I'm like, it's crazy.
(05:01):
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
no way more than I do. I'm just the idea guy, right,
(05:23):
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,
you know, you have to surround yourself with people that
are smarter than you. If you're not technical, you have
(05:44):
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 um,
like you really be known. This ship like it's a
whole another like the like where where data gets full?
(06:07):
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, Drew Jackson, Drew,
he here's here's thing. He introduced me to Ramero and
(06:30):
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 a I'm a listener, so um,
I had someone showing me the ropes and then they
(06:50):
kind of disappeared. It was almost like my mentor and
it kind of just left me holding the bag right
when I met Ramero, 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, Monique
on Diction, like people that I knew that were in
this space, and they would say, well, how do you
(07:11):
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
then they sent me the deck and keynote, and then
I just started clicking buttons and figured out keynote and
(07:32):
then I made my own day, give me the day,
and then I made the dick. And I wanted to
make 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 to come correct.
And so I love even the way you frame it
(07:53):
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 and it was And now I
know I use keynot like I'm I'm man, I'm I'm
a keno with but one of the most important things
even being successful. And I said this the other day,
(08:14):
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 don't even how
you master failing. Well, the music industry really trained me
(08:38):
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 thing first is when
you when you meet somebody and somebody says, hey, I
want to introduce you to somebody, and they want to
(08:58):
invest in your start up, but they want like sent
for like 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 up right, like Steve Johnson 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 to
(09:19):
smart enough to to to build out, but 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, you're
splitting up percentages of publishing and you know what that means.
So and then being in the music business, you get
(09:42):
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 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,
(10:05):
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 that one no
or maybe one hundred nos. 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
(10:26):
I remember these ebbs and flows. When you get wisdom
is something like wisdom comes from the age when I
was younger and I would have ebbs and flows. I mean,
I would make money in the music business, and not
having to make money and then not having that, I'm like, man,
am I gonna go broke? Like I don't know, I
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 winds and lost I've
(10:48):
seen it with my dad. My dad was enormously successful
in the seventies right and there the early eighties, and
then he was off in in in the eighties from
like eighties like eight he did a couple of things.
When he came back with South Park and it was
the biggest thing. Popery came back up, like 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
(11:09):
doing photography and DJ and that helped 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 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,
(11:31):
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 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
(11:53):
O is phenomenal. UM. I just hired a senior marketing
advisor by the name of Sharon Britton Paris. I hired
a director of creator and artist's relations named Dre Davis,
who's connected who've been 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
(12:16):
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 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
(12:38):
a month. Stripe is our payment processing, so it's really
simple for the money to go out. That's Stripe. You
know uses insta card, door 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 when
you make in app purchases through an Apple App Store,
(13:01):
and then it's a fifty fifty share. Because Apple are
our gangsters. They take, we take twenty. We passed fifty
on to the creator. But again, 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.
(13:22):
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. So fifty 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,
(13:43):
you have a million followers. Yeah, I mean, look like
be honestly, got like two in a million followers. You
do the math, you do ten million people? Ten million
people given hurt Man to sell a bodysuit on fan base.
And the thing about it is is a lot of
there's a lot of pathways and verticals in the platform
(14:04):
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 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?
(14:26):
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 even nudity only fans that
A 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
(14:46):
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 have a lifespan, right, And
the reason why there's no amount 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
(15:11):
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 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
(15:32):
through this this week with my seventeen year old nephew
and I was like mortified. Right, they have they have
their own personality. They're probably doing 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
(15:54):
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, 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
(16:17):
all over the place. So I'm you know, there's there's
enough room for everybody, and I don't. I 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
(16:38):
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 maintain your
connectivity to these these channels that you built. I've 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 the date apps, so tell
(17:01):
people all the time you gotta date apps, go on dates.
And what I mean by that is 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
(17:22):
guarantee you that Snapchat and DJ Kelly did not know
they were meant for each other. And 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
de Rule, who was a great recording artist, and then
it kind of got kind of got quiet for a while,
(17:44):
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, 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
beastually on a few days because you might be like,
I like it over here, kind of like you you know,
(18:06):
there was this TikTok strike and these kids were complaining,
so we decided that we're 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,
(18:26):
then sat down with them and talking about equity and
show them what algorithms were and really what's happening with
their content. And 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.
(18:49):
And and and again when we have a chance to
build these verticals, um, 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 a
platform 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
(19:11):
only like three or four thousand dollars on TikTok the
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 hind 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 brilliant. And when I said it,
I said, let's make sure illegally we're doing the right thing,
(19:56):
which we are, because the content belongs to the user
and they should be able to take it what they
want to. 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 huge because you know, people get attached to their
(20:17):
it's like a journal. So I said this and starting
a new platform, the two hardest things to do or
then 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, I
(20:39):
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 this, that's what
(21:01):
we wanted to do. And so people are people are
literally taking their entire content library and putting up our
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.
(21:47):
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 mean you're
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 Strom type of and again, and
this is a larger point. That type of wealth and
(22:31):
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 and 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, yep,
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 are
(23:12):
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 the next generation.
(23:35):
Like that is the minimum to invest in fan base
was two d 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. I'm gonna
(23:55):
put in this tech company and and five six years
and now 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 opportunity for people
(24:17):
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 community. One thing that's extremely important that I
said this too, is like when you think about like
(24:38):
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 apart in any of
the city, that would have not happened. Right. Number one,
(24:58):
he couldn't afford it. That same three is in l
A's 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
student able to laugh his ask about the room. You
(25:20):
want to build a locastood that is bigger than like
Warner Brothers a paramount and you're a black bad 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 someone like me
(25:41):
to come along and say, Okay, black people in technology
is not nothing to scoff at. Now it's 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? We raised three point
(26:02):
five million dollars. What say that again? Please? Three point
five million dollars? Three point five million? That sounds good, brother, Yeah,
we raised three point five million dollars in a in
a rex CF proud fund. I'm the first black man
to raise three point five million dollars in a rex
I could have raised five, but I didn't want to
raise five, which has been the match you can raise
(26:24):
in 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.
(26:44):
I'm gonna tell you how we're gonna 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 not credited 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
(27:06):
make a portion of my 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
(27:28):
that are 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 read 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
(28:10):
you to tell about. Reparations was invest a 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 Bitt with stream Lyrics is raising,
Don is still raising, Donna Cannon is raising money for
his startups. So there's a lot of other great black
(28:30):
founders startups on start 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. 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
(28:53):
thank you just thank you from the bottom of our heart.
Set money names in Greenwood for sharing your time with
us today. Thank you very much for ship. 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
(29:14):
founders 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
(29:35):
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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 bootstrapped it. People are now
(00:22):
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's fan base like the black Instagram or
the black clubhouse or the black whatever. Right, And when
(00:42):
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 from
(01:02):
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 Canda, don't know what that
was not about a black person like 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. It's black owned,
(01:25):
but not black only. So I made a post in
myself and I put myself in a photo with Mark Zuckerberg,
Jack Dorsey, Kevin Sistrum, and Evan 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. So my vision
(01:46):
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 right. We've seen the value that we
bring to Twitter with black Twitter. We've seen it with TikTok,
We've seen it with Clubhouse. I mean, the list is endless.
(02:08):
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. And the best example
(02:29):
that I give everybody is. When Grand Master Flash scratch
on the turntable for the first time, nobody went up there.
Him was 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 We don't own a
(02:51):
techniques or pioneers, so they owned DJ culture. We made
DJ culture, right and so and then one of my
boys sent me this g wagon, this crazy g wagon
from Germany. It's like it's above a brave, Like yeah,
it's like a Hoffler or something crazy. It's got like
(03:12):
suicide doors, It's got TVs and the head rest, the
rims and like twenty inches. I'm like, yo, theyre 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
own a Chrysler afford a Chevrolet. So we innovate at
(03:34):
a space and 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
(03:55):
and they're not 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, but when there's somebody black at the
(04:18):
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 million followers, and his videos get
(04:39):
taken off and banned and black 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 or finish and she does his voiceovers and she's verified,
has three ni about she verified and something merch. But
they take his videos down, and so I'm like, it's crazy.
(05:01):
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
no way more than I do. I'm just the idea guy, right,
(05:23):
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,
you know, you have to surround yourself with people that
are smarter than you. If you're not technical, you have
(05:44):
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 um,
like you really be known. This ship like it's a
whole another like the like where where data gets full?
(06:07):
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, Drew Jackson, Drew,
he here's here's thing. He introduced me to Ramero and
(06:30):
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 a I'm a listener, so um,
I had someone showing me the ropes and then they
(06:50):
kind of disappeared. It was almost like my mentor and
it kind of just left me holding the bag right
when I met Ramero, 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, Monique
on Diction, like people that I knew that were in
this space, and they would say, well, how do you
(07:11):
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
then they sent me the deck and keynote, and then
I just started clicking buttons and figured out keynote and
(07:32):
then I made my own day, give me the day,
and then I made the dick. And I wanted to
make 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 to come correct.
And so I love even the way you frame it
(07:53):
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 and it was And now I
know I use keynot like I'm I'm man, I'm I'm
a keno with but one of the most important things
even being successful. And I said this the other day,
(08:14):
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 don't even how
you master failing. Well, the music industry really trained me
(08:38):
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 thing first is when
you when you meet somebody and somebody says, hey, I
want to introduce you to somebody, and they want to
(08:58):
invest in your start up, but they want like sent
for like 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 up right, like Steve Johnson 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 to
(09:19):
smart enough to to to build out, but 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, you're
splitting up percentages of publishing and you know what that means.
So and then being in the music business, you get
(09:42):
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 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,
(10:05):
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 that one no
or maybe one hundred nos. 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
(10:26):
I remember these ebbs and flows. When you get wisdom
is something like wisdom comes from the age when I
was younger and I would have ebbs and flows. I mean,
I would make money in the music business, and not
having to make money and then not having that, I'm like, man,
am I gonna go broke? Like I don't know, I
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 winds and lost I've
(10:48):
seen it with my dad. My dad was enormously successful
in the seventies right and there the early eighties, and
then he was off in in in the eighties from
like eighties like eight he did a couple of things.
When he came back with South Park and it was
the biggest thing. Popery came back up, like 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
(11:09):
doing photography and DJ and that helped 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 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,
(11:31):
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 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
(11:53):
O is phenomenal. UM. I just hired a senior marketing
advisor by the name of Sharon Britton Paris. I hired
a director of creator and artist's relations named Dre Davis,
who's connected who've been 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
(12:16):
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 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
(12:38):
a month. Stripe is our payment processing, so it's really
simple for the money to go out. That's Stripe. You
know uses insta card, door 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 when
you make in app purchases through an Apple App Store,
(13:01):
and then it's a fifty fifty share. Because Apple are
our gangsters. They take, we take twenty. We passed fifty
on to the creator. But again, 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.
(13:22):
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. So fifty 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,
(13:43):
you have a million followers. Yeah, I mean, look like
be honestly, got like two in a million followers. You
do the math, you do ten million people? Ten million
people given hurt Man to sell a bodysuit on fan base.
And the thing about it is is a lot of
there's a lot of pathways and verticals in the platform
(14:04):
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 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?
(14:26):
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 even nudity only fans that
A 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
(14:46):
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 have a lifespan, right, And
the reason why there's no amount 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
(15:11):
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 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
(15:32):
through this this week with my seventeen year old nephew
and I was like mortified. Right, they have they have
their own personality. They're probably doing 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
(15:54):
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, 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
(16:17):
all over the place. So I'm you know, there's there's
enough room for everybody, and I don't. I 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
(16:38):
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 maintain your
connectivity to these these channels that you built. I've 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 the date apps, so tell
(17:01):
people all the time you gotta date apps, go on dates.
And what I mean by that is 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
(17:22):
guarantee you that Snapchat and DJ Kelly did not know
they were meant for each other. And 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
de Rule, who was a great recording artist, and then
it kind of got kind of got quiet for a while,
(17:44):
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, 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
beastually on a few days because you might be like,
I like it over here, kind of like you you know,
(18:06):
there was this TikTok strike and these kids were complaining,
so we decided that we're 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,
(18:26):
then sat down with them and talking about equity and
show them what algorithms were and really what's happening with
their content. And 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.
(18:49):
And and and again when we have a chance to
build these verticals, um, 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 a
platform 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
(19:11):
only like three or four thousand dollars on TikTok the
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 hind 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 brilliant. And when I said it,
I said, let's make sure illegally we're doing the right thing,
(19:56):
which we are, because the content belongs to the user
and they should be able to take it what they
want to. 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 huge because you know, people get attached to their
(20:17):
it's like a journal. So I said this and starting
a new platform, the two hardest things to do or
then 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, I
(20:39):
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 this, that's what
(21:01):
we wanted to do. And so people are people are
literally taking their entire content library and putting up our
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.
(21:47):
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 mean you're
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 Strom type of and again, and
this is a larger point. That type of wealth and
(22:31):
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 and 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, yep,
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 are
(23:12):
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 the next generation.
(23:35):
Like that is the minimum to invest in fan base
was two d 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. I'm gonna
(23:55):
put in this tech company and and five six years
and now 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 opportunity for people
(24:17):
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 community. One thing that's extremely important that I
said this too, is like when you think about like
(24:38):
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 apart in any of
the city, that would have not happened. Right. Number one,
(24:58):
he couldn't afford it. That same three is in l
A's 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
student able to laugh his ask about the room. You
(25:20):
want to build a locastood that is bigger than like
Warner Brothers a paramount and you're a black bad 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 someone like me
(25:41):
to come along and say, Okay, black people in technology
is not nothing to scoff at. Now it's 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? We raised three point
(26:02):
five million dollars. What say that again? Please? Three point
five million dollars? Three point five million? That sounds good, brother, Yeah,
we raised three point five million dollars in a in
a rex CF proud fund. I'm the first black man
to raise three point five million dollars in a rex
I could have raised five, but I didn't want to
raise five, which has been the match you can raise
(26:24):
in 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.
(26:44):
I'm gonna tell you how we're gonna 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 not credited 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
(27:06):
make a portion of my 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
(27:28):
that are 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 read 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
(28:10):
you to tell about. Reparations was invest a 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 Bitt with stream Lyrics is raising,
Don is still raising, Donna Cannon is raising money for
his startups. So there's a lot of other great black
(28:30):
founders startups on start 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. 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
(28:53):
thank you just thank you from the bottom of our heart.
Set money names in Greenwood for sharing your time with
us today. Thank you very much for ship. 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
(29:14):
founders 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
(29:35):
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