Episode Transcript
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Speaker 1 (00:00):
Welcome to the Big Fiz Show. You want fast talking,
hard hitting discussions on business and finance, maybe with a
barroom slant and some really salty peanuts. We're not counting calories,
We're counting cash. Before we get to the man with
the financial plan, meet the money team, Costa Mary now
(00:23):
captain Finance himself, Sully.
Speaker 2 (00:28):
Whether you're watching, were listening, we welcome you to the
Big Big Show. We're live inside the Loft one hundred
studios and as he like to say around, be's here
part of sup big old boom boom like we've been
doing it for ten years straight.
Speaker 3 (00:44):
Let's go.
Speaker 4 (00:45):
It's so lame it is.
Speaker 5 (00:47):
It's on T shirts everywhere, tendamn. Just have you to
so you've been wearing municipal gear. Looks we're one hundred
and twenty five million TV homes every day. We're on
American Life Network.
Speaker 4 (00:57):
What are you saying?
Speaker 6 (00:58):
So?
Speaker 4 (00:59):
I'm could you yes? Wait wait there you are there's
your solo. Yeah this you have to go like this?
Oh god, Ever, I've been working on my short forces network.
Speaker 5 (01:09):
In one hundred and seventy five countries, allarships to say
right like I said, to say that crag three mmy spot,
Tony's in a restraining order? Are you being paid by
municipal on the side to where they're here? I am not,
truth be told, I am not.
Speaker 2 (01:22):
Harry Arnett and Mark Wohlberg have decided to come on
and the the official wardrobe sponsor of Offside Sports show
and oh so not even this show.
Speaker 5 (01:31):
So so you know, so I interned them to you
on this show who you were not even a part
of at the time, and now you can you know.
Speaker 4 (01:38):
I saw you who's our first guest? No, but we talked.
Speaker 5 (01:45):
Howie he's stealing report? How he found to lead analyst
is right from New York here. Good to see you, buddy.
I know he has something to say about and you
believe this is it? Is there some sort of how
is there sort of protocol from Mike getting you know?
Every year Mike and I been in radio for thirty
five years on radio riddle while.
Speaker 4 (02:04):
Before we got in television.
Speaker 5 (02:05):
Yep, yeah, we run for thirty five guys, we're big
in the eighties, that we're big and we're eighty. The
bottom line is we've been in radio in television for
a long time. What do we have to sign every
year at the radio station.
Speaker 4 (02:15):
The plug all of Payola.
Speaker 2 (02:16):
You have to go through that testing all that crap
and saying you're not going to do it.
Speaker 5 (02:21):
So so can you explain what Pluggle Appaela is plug
o Paela is taking side money, take a sister for
without giving the good out, giving the networks some money.
Speaker 2 (02:30):
Doing exactly what I'm doing for what Pluggle and Payola are?
Speaker 4 (02:36):
Mike? I have one.
Speaker 3 (02:37):
I have one technical question? Yeah, very market driven.
Speaker 7 (02:40):
Uh and you know, I don't know if it's going
to be over the audience's head.
Speaker 3 (02:44):
How do how does one get in on this?
Speaker 2 (02:48):
In all honesty truth be told, there are hoodies coming
for three members up on stage of the day, but
not me, not for sullying. They're going to calm here
to the station, to the studio.
Speaker 5 (03:03):
But yes, I think we and I think IOUs. I
think we have Mark Marulberg coming. I know we've had
Harry here when we all have to come how he
By the way, did you get a medium of course?
Speaker 4 (03:10):
Okay? Yeah for how we yep, Hey, Howie. We've been talking.
Speaker 7 (03:15):
About the next time I'm on the show, it's gonna
look like a Nascar Yeah.
Speaker 4 (03:19):
It's like it's like remember ten cup.
Speaker 5 (03:21):
He was out there with like like Joe's delhim or
Rocky cames out there. I know, I know, advertize its.
Last week, Congress did something. Two bills were passed creating
regulations on crypto currencies called the Genius Act, and it's
now it's now in place here. Now, I would argue that,
you know, until there's adoptability in cryptocurrency, we're gonna have
(03:44):
a little bit of an issue. But at the end
of the day here, yeah, we all have the same
forty dollars in our wall or purse we have for
six months because they all use our debit cards, are
using digital currency.
Speaker 4 (03:52):
Talking about this real quickly, Yeah, I.
Speaker 7 (03:54):
Think something that's pretty incredible is that, you know, if
you wanted to communicate with me, uh thirty years ago,
you know, maybe you were starting to send an email,
but it is pretty convenient probably a fact. So it
was really urgent, uh, you know, if I couldn't get
there for a phone call or something.
Speaker 4 (04:11):
Mike was wearing.
Speaker 5 (04:12):
Mike was wearing a garage door opener instead of a
pager in the bars, so just just to look cool.
Speaker 7 (04:19):
Yeah, no, exactly, I mean we had these things that
could only.
Speaker 4 (04:23):
They could only beep.
Speaker 3 (04:24):
They couldn't they could send into like one.
Speaker 7 (04:25):
Line of text, right, and it would mostly call me
back at the number.
Speaker 4 (04:30):
I know has one one one one one one who
had different codes.
Speaker 7 (04:35):
I don't remember, no, But that's why you weren't born yet.
My point is that, you know, in that thirty years,
the way that we've changed communications technology has changed immensely.
I mean, uh, email, text message, social media, just the
amount of throughput we're sending, you know, four K video
instead of just one line of text and call me.
Speaker 3 (04:57):
Back on a pager. But we haven't changed the pay
min rails.
Speaker 7 (05:00):
I mean, we're still using ahs, we're still using the
wire system. It's slow, it's clunky and for some reason
costs something you know, wire costs twenty five dollars each
way or something like that, and there's.
Speaker 3 (05:12):
All these transaction costs.
Speaker 7 (05:13):
But crypto is enabling at least that to get modernized.
And it's kind of you know, the bank's fault for
leaving this vulnerability to crypto because other countries don't have this.
Speaker 3 (05:23):
So basically, what.
Speaker 7 (05:24):
This legislation does and it sets rules, uh and and
you know, an even playing field around one whether or
not they're actually securities, which means the sec can regulate
them without destroying the whole industry. And then two the
Clarity Act that that says, you know, stable coins are
(05:45):
are okay, that these things that are one to one
with the dollar.
Speaker 4 (05:48):
So so, so what's I want to ask about?
Speaker 5 (05:52):
Yeah, the thing about digital currency, let's say it's like
a bitcoin, Okay, Okay, The idea is we have a
fiat currency anyway, you know, let's talk about the US dollar.
US dollar is a global currency. All goods and services
in this world are priced with US dollars. I don't
care what city you're in, what state you're in, what
country you're in.
Speaker 4 (06:09):
Everything is price in the US dollars.
Speaker 5 (06:10):
So if you're buying oil country to country, even in
the UK, it's price in the US dollars. Long story short,
makes us a global currency, but we are fiat currency
like every other currency in the world, meaning there's no
gold standard, which goes back to when Nixon took us
off the gold standard, meaning that it's a perception currency.
Speaker 4 (06:23):
Okay. Now, digital currency happened.
Speaker 5 (06:26):
Literally when if I'm not mistaken, it was either Venezuela
or some city like Corfu was not had no confidence
in their currency, and they started trading seashells or something
instead for currency, and that's how global currency started. With
the problem was still it's a perception issue. So they
created a scene called the blockchain. Blockchain is the infrastructure
(06:46):
in which digital currency plays. So there's it's all transparency.
So I hand you a dollar, you hand me a potato.
It is now verified by a million people. But there's
no broker. There's no potato broker, there's no dollar broker.
And that's where this is going. My question for you, Howie,
is what does this do to change anything with the
Congress bills?
Speaker 4 (07:02):
Because until we have adoptability because.
Speaker 5 (07:04):
Right now, look, the only thing I use bitcoin for
is investing. Okay, I realized some places take it, you know,
usually only elbows dot com will take cryptocurrency.
Speaker 4 (07:12):
And a set of dollars.
Speaker 5 (07:13):
But long story short, it's not a standard payment system
yet and for us to get there, I believe we'll
get there in the next decade, but it's kind of
have adoptability. So is that is this the onrap to that?
Speaker 4 (07:23):
In your opinion?
Speaker 3 (07:24):
I think this is the unrap to that for a
couple of reasons.
Speaker 7 (07:26):
I mean, one, you know, if you get a business
to a certain size, you there's only a certain level
of risk that you're willing to accept. The it's offshore,
but the company tether that creates the tether tokens that
are one to one with the US dollar, so that
you can, you know, you take dollars, you buy tether
with them, use the tether, you buy bitcoin, whatever cryptotokens
(07:49):
you want. That company has I think one hundred and
four billion dollars. We're in vallians and well in tokens. No,
I mean, it's actually a much larger company if you
if you wanted to value it based on its flows,
because it collects it and it buys treasury bills.
Speaker 5 (08:08):
So they're backing so they're backing the value with what's traditional.
So what's rings question that stable coin? If stable coin
follows a dollar, right, yea or or or or or
several sables coins will follow, the u on will follow whatever.
If you're following the dollar, what's there's gonna having a
dollar at a stable coin because it's all it's all, it's
all perceived.
Speaker 2 (08:25):
That it gets to move on the blockchain, you get
more transclock chain, so it's more wise and yeah.
Speaker 5 (08:31):
So just So in your opinion, if blockchain makes everything transparent,
why will we ever need sockbrokers, Why do we ever
need mortgage brokers.
Speaker 4 (08:37):
Why do we ever need here we go car salesman.
Speaker 7 (08:39):
Yeah, honestly, listen, Robin Hood, this is veering, veering away
a little bit, but I think it's interesting enough to
talk about. Robin Hood bought a huge chunk of the
private company not SpaceX open a open, and they tokenized it.
So he said, Okay, we've got I don't know, call
it a billion dollars worth of open according to their
(09:01):
last valuation. Will split that into a billion one dollar
tokens and we'll sell it to people and they'll.
Speaker 5 (09:05):
Get the one dollar tokens have been sold for one
seventy now, by the way, So I mean, honestly.
Speaker 7 (09:10):
But that's but that's but that's market.
Speaker 4 (09:13):
Uh, this tree market the company.
Speaker 5 (09:15):
My question is, what is what difference between that and
before we had the SEC in nineteen twenty when people
said were selling two hundred one hundred percent of their company,
which causes stock market crash, which suddenly the Security Exchangecation
comes in to make sure that every share of stock
and every company is registered. Is that's what caused the
great collapse of the deary depressions happened?
Speaker 4 (09:29):
Yeah, so the next roundabout.
Speaker 7 (09:32):
Shadow uh stock market in some ways.
Speaker 4 (09:36):
Not to mauch a derivative marget. So here's my question.
Speaker 5 (09:37):
So our is going to be regulation because over regulation
is one thing, but regulation will keep us safe in
terms of knowing that if this is actually something that's tradable.
I mean, right now, look at we're sort of protecting
against stockfront because you have an sec I mean, listen, there's.
Speaker 4 (09:50):
Always bad actors out there.
Speaker 5 (09:51):
What what is the regulation's got to step up because
I think we may be putting the card before the
horse here.
Speaker 4 (09:55):
Yeah.
Speaker 7 (09:56):
No, I do think that this is a big step
towards doing that because now it used to be that
it was kind of up to the courts or we
didn't know.
Speaker 4 (10:03):
You know.
Speaker 3 (10:04):
Is my is how we token?
Speaker 2 (10:06):
Uh?
Speaker 3 (10:07):
I created?
Speaker 4 (10:07):
That's token damn it?
Speaker 3 (10:09):
You know?
Speaker 4 (10:09):
Yeah, we we I buy the heck out of that.
You buy us. We bought six backs to the er.
Speaker 2 (10:16):
How we can I ask a quick question back to
the potato, I purchased Zigo.
Speaker 4 (10:20):
In the front of my or the back or the
back of up take your camp. If you're wearing a
Futo the potato goat in front. All right, it's our
big biz mark. How keep it here? How much more
to come with the show? Don't go anywhere? I mean
(10:43):
it was stop drunk.
Speaker 2 (11:01):
He needs to make this show live for the lock
foot hundred studios, wherever you're watching, wherever you're listening, we
appreciate you being along for the ride.
Speaker 4 (11:08):
Brief introductions. That is the day Trader trio right up
there on stage.
Speaker 2 (11:11):
That's thirty percent of the Sullivanman, the world famous Sullivan Man.
Speaker 4 (11:15):
And back here Copsta and selling. Oh you didn't even
I just it's telepathic pick that back up? No watch, watch,
watch what?
Speaker 7 (11:29):
No?
Speaker 4 (11:29):
Watch right? Look at me?
Speaker 5 (11:34):
Troy Hazard wrote the book The Future Entrepreneur and Future
Bring your Busines Naked Entrepreneur. Do you know Russie said
first time he's on there, this Troy Hazard, who is
a longtime friend, a business partner and host of the
show right here on BUSINYV called getting down to business?
Speaker 4 (11:49):
Does that say a try to that sun Board New Zealand.
Troy gives you covered. I thought it was another one
on the Bobby. So you're German. Oh look you're going
to Austria. Put another shrimp on the ball, Troy, do
you remember do you remember what that right?
Speaker 5 (12:13):
Do you remember the first thing Rus said about this
book when you came in there with this fourteen years ago.
Speaker 4 (12:17):
Russ so Troy, who wrote The Naked Entrepreneur.
Speaker 5 (12:21):
Yep, he went, he's a It's called a Millionaire's Journey
from Fear to True Wealth. He was a radio personality
on Australia. Down Australasia by the way where Outback Steakhouse
comes from. They have they have authentic Australian food, including
uh flu and onions.
Speaker 4 (12:35):
They're going on the side of the road up to Brisbane,
just wild right.
Speaker 5 (12:39):
So Roy rusted two things versunar he's on there with us.
He said, it looks like it looks like you have
gas and running a skateboard.
Speaker 4 (12:48):
Do you remember that? And I caught a lot of skateboard,
but I do have gas.
Speaker 5 (12:52):
And then and then uh we wrapped up the interview.
I said the story before where Troy says, when you.
Speaker 4 (12:57):
Have to go, you gotta pay and rusted yet did
you say too? He never get old? Hey, I miss you,
I miss Dom. I missed the girls. I can't the girls.
Speaker 5 (13:10):
I remember the girls came onto television when they were
zero years old. How old are your kids now?
Speaker 8 (13:14):
Fourteen and twelve? Dropped off the Sunic Camp again only
a couple of days ago.
Speaker 4 (13:18):
Did you know why he dropped out of summer camp?
Same reason I gave my girls dramma me when he
got in the car.
Speaker 5 (13:25):
Hey, look, let's talk about this. America has forgotten how
to sell. It's part of what you and I talk about.
By the way, Troy Hazardtroy Hazzard dot com one of
the biggest keynote speakers in the country. The reason I
tried to have been together for a long time is
Troy has a belief that that he runs his life
the way he wants to run his life. But he
also has a plan every year, and he really does
a plan starting in about what October, September coming up,
(13:47):
And it's a living business plan for what he and
his wife want to do with with with the world
and what they're in selling is a big piece of
this thing. And you're talking about the fact that the
fourteen companies that you've owned, you've hired so many salespeople.
Speaker 4 (13:59):
Anything else. What was your wake up call?
Speaker 5 (14:02):
You're going to move to Florida, Get off the beach,
or get on the beach and stop with the I'm
your server as a board memory you serve as a
chairman now, But what was a wake up call for you?
Speaker 8 (14:11):
Look, I think everyone's got lazy, I mean ily, this
morning I would spend twenty minutes clearing out my inbox
of all these phishing emails saying we want to talk
to you about X y Z. We've noticed that you've
got this status, You've noticed, We've noticed you've done this in.
Speaker 4 (14:26):
Your life or whatever.
Speaker 8 (14:27):
None of them made any relevance to what I'm doing
in my life right now, and I'm starting to get
a bit old and grumpy. I suppose I'm sending emails
back saying.
Speaker 4 (14:35):
Read the room. Do I look like I need help
with that? You know what's interesting part of this thing
is that you did.
Speaker 5 (14:43):
You did a deep dive in his Zire recruiter economic research,
and eighty percent of graduates of college I got to
start working in three months of graduating.
Speaker 4 (14:50):
What are the actual numbers? It's pretty scary. Well, here's
the thing.
Speaker 8 (14:53):
Just like that, they I think they come out a
little bit arrogant, a little bit lazy. And the statistics
that the recent seven that zippercriated. They said, they said
that eighty three percent of graduates expected to get a
job in the first three months, when in fact only
thirty eight percent of them found a job last year
in the first three months of being graduated. So what
(15:14):
we was seeing is a total disconnect between expectations and
actually getting off your bum and going do something about that.
Speaker 5 (15:20):
Say, I'm not what you're saying, because as the as
the millennial forces are sitting in their their parents' basement
looking at their faded hope and change poster on the
wall because they haven't haven't gone out. My question is
is this because they're not going it in training at
charms or is it because.
Speaker 4 (15:35):
The economic environment is just not hiring?
Speaker 5 (15:37):
Because because it seems like you're putting the emphasis on
the on the on the wrong salable, well maybe not
necessarily the applicant salable versus I mean because because I
remember what four years ago it was because he was hiring.
Speaker 4 (15:48):
Is it because people they're just not motivated at this point?
I think I think the.
Speaker 8 (15:51):
Real problem is that they're just not trying. Everyone thinks, well,
I've gone studying for four years or six years or
even longer, I've come out, I've got my degree, and
I'm horrible.
Speaker 4 (16:00):
I deserve that job. Actually, no, no, what can you
do for me as an employer?
Speaker 8 (16:06):
And I'm probably one of the worst employees in the
world because I've never read.
Speaker 4 (16:10):
Sure, I don't read regimized on who you are.
Speaker 5 (16:14):
But I think, I mean, if if I could name
free taglines for you, Troy, one of them is just
do something.
Speaker 4 (16:20):
Is of your taglines, right.
Speaker 5 (16:21):
The other thing is, you know, nothing ever changed unless
you change it, it would be another tagline of yours.
Speaker 4 (16:26):
And I think the other thing is.
Speaker 5 (16:29):
Common sense is not that common I think I've known
you for fifteen years. I think that those are those
through your premises. Let me ask you something in terms
of in terms of getting out there for because because
we're talking about college graduates coming out, and it's happening
even as we speak here. You know, in the middle
of July, there's still there's still commencement spieces. Can you
talk about the interview tips for college grads and for anybody,
(16:51):
because I think I think that's that's a big piece
of this thing, because you know, we're hearing every day
that people are bringing people back in the workplaces.
Speaker 4 (16:58):
You know it's not just for gratg's for you talk
about that little bit.
Speaker 8 (17:01):
Well, look, I really am your hardest market as an
employer because I don't read resumes. It drives my guys
nuts that I don't read them.
Speaker 4 (17:08):
But I don't want to.
Speaker 8 (17:09):
I don't waste my time on that because no one
has a bad one. No one says I'm really good
at this, I'm really good this for.
Speaker 4 (17:15):
It's like a piece, It's like a social media profile.
Hey gain twelve pounds today. Exactly look at it.
Speaker 8 (17:23):
If you're preparing for this moment in time for a
potential job, know your resume by heart. Because I'm going
to sit there, I'm going to say I haven't even
looked at it. Tell me about yourself and your Your
ability to sell yourself to me is going to give
me the confidence that you can sell stuff to others
in my business and help my business to get where
it needs to go. Because if you can't do that,
then you're already behind the game.
Speaker 7 (17:44):
I know.
Speaker 8 (17:44):
I expect you to come in with that confidence, to
be able to show me that you know stuff. But
don't be arrogant about the fact that you've got this
great degree and that, therefore you deserve a job.
Speaker 5 (17:54):
You've always said, dressed for who you want to be.
I'm gonna start worrying faking board shirts and no shirt.
There you go, I would have been on the beach
like you. I think that's Troy Hawser. Troy Hazard's with
this Troy hazard dot com as his website. Troy, what
about the people that they do everything to break down
the walls you've put up so to keep yourself insulated
from having to read those resumes, But that one person
(18:14):
busts through. Do you look at that and think, Okay,
now this is somebody I want on my team because
they didn't stop at anything and they found me. It's
a great question. Is it always Is it also the
same thing I mean? Or is it just like it's
kiss me, It just happens. You're just realizing squeaky will right.
Speaker 8 (18:29):
Yeah. I want a guy or a girl that sits
in front of me and knows as much about me
that that I haven't got to, you know, give them
the information. I want them to talk about some of
the things we've done as a business, some of the
things I want to done as as a leader, and
had that knowledge that they've done their homework.
Speaker 4 (18:45):
I do it.
Speaker 8 (18:45):
I'm sixty two years of it. I'll look into every meeting,
researching every single person.
Speaker 4 (18:50):
Oh you had to put that in my face? Would
you had to put that in my face? Thanks? Pal?
Let me tell you one last thing. Try and I
have talked to this a long time ago.
Speaker 5 (18:58):
I finally did it. By the way, I bought myself
a nineteen fifty eight typewriter Olympics God I got. I
got uh and for the real special people in my life,
which is why none of you in the roof gun one.
Speaker 9 (19:09):
I do it.
Speaker 5 (19:09):
I type a note out and you and the thank
you note thing is so important in terms of in
terms of and Martin, we're not talking about email in
my opinion, Troy, I think it's something different.
Speaker 8 (19:20):
Well, it is because I again, if I've taken the
time to spend time to interview you about a role
that we are trying to fill, then I expect that
after that meeting, you're gonna send me a night and
side thanks. But if I send them, I don't want
to me if I send me.
Speaker 5 (19:35):
If I send me a FedEx with a five dollars
coupon for subway, is that gonna have the Jelly of
the Month Club.
Speaker 4 (19:40):
I'm gonna do it. I love you brother, come lunch,
snim or something. Love to you and dom see you soon.
Speaker 2 (19:47):
Troy Hazard The Naked Entrepreneur, A millionaire's journey from fear
to true wealth. Throoping your business is Troy Hazard dot com.
All right, keep me right here. Much more to come
to Big Miss the Show, Do not go anywhere. LAFT
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Speaker 7 (20:14):
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Speaker 2 (21:38):
I like it, HEYX, that.
Speaker 3 (21:40):
A rescue plan.
Speaker 2 (21:47):
Wherever you're watching, wherever you're listening Big This show rolls
on live for the lockbowe hundred studios here in southern California.
That is the grossly awesomely completely overly talented and what
you just said.
Speaker 4 (22:01):
They're gross, They're awesome, but they're overly talented. They maybe slow,
but they're stupid.
Speaker 2 (22:04):
Yes, back here, back here at the bars, Costa and Sully.
Speaker 5 (22:08):
As BBS rolls on, they may be untalented, but they
can't play big bi show continues.
Speaker 4 (22:15):
Tell you we've got more talent on that stage. Oh
my god.
Speaker 2 (22:19):
Just being able to sit here every morning and listen
to them, just warm up.
Speaker 5 (22:22):
I was, I was awesome, excusing I was sending. I
got a chance to do a bunch of music with
John Feldman. They call Felly, who's a genius behind April Levine,
genius behind at least you're a Goldfinger.
Speaker 4 (22:36):
And several Emmy words. He's a real deal.
Speaker 5 (22:38):
Yeah he remember Also I think he did Bruno Mars.
So we got to do some music and UH for
this first session, James and Brian are going to go
up to UH to record with.
Speaker 4 (22:49):
Him, to to to finish up with the songs.
Speaker 5 (22:52):
And I'm writing to Feldman here and I gotta read
this because this is to my boys on stage there.
Did you guys read your bios that I sent over
on text? So because I'm because I'm you have to
realize I said, hey, I said, I want all you
guys get together. Felman, legendary lead singer both in prolific Uh,
the Quincy Jones of our time, James East. Over the years,
James and formed with some of the biggest names in music,
(23:12):
including Lionel Richie, Tony Braxton, Patty Leabell, James Ingram, James
wh wasn't he like anyway? David Foster, Clint Black, Sir
Elton John That's James Ea Slady and Gentlemen, Good God, Ante,
Brian Short it gets even wore bearing the stage, James Brown,
Dave Matthews, Bernie Wardell Le Allman, Brothers, Man ray Man, Xerica,
(23:33):
the Doors, Chris Franz, The Talking Heads, Buddy Miles, uh
and Little Chris and Night Crawlers at the Mirror, Mason.
Speaker 4 (23:37):
Bowl Faxim, I mean James, I think Trace was in
that band? Is too right? Who are you coming up here?
One of my good friends?
Speaker 2 (23:46):
We have we we have really quickly fallen in uh well,
man crush Land with this guy, Alan Avian's CEO of
Unusual Machines.
Speaker 4 (23:55):
Is that a place, man crush Land? Yeah, well that
it's the next place next to stock Allan. I talk
more than me and my ex wife ever talked.
Speaker 6 (24:03):
What's up I mean with those glasses?
Speaker 5 (24:05):
I meant Mike as Mike rips his glasses off immediately.
So the guys we have a product over, we have
a product sponsor in uh in what are these things
called again? This much catus. The good friend Paulkinzalez is
a bigger partner and his partner rickensalas Uh started Quicksilver
(24:29):
and Hurley, remember Hurley, they started this company too, and
he's they're coming out there. The problem is is that
when I run out of contact lessons, you're you're dealing
with this guy and those are great.
Speaker 6 (24:41):
You should just never buy a new contact.
Speaker 4 (24:42):
You know, you know, yes, I'm gonna hear after I'm
gonna here off the air what he really thinks about. Alan,
of course, is the CEO of um A c and
News on machines. You mentioned boy, I'll tell you your
life is uh.
Speaker 5 (24:52):
We never talked about numbers, and we never talked about
stock in this company and in this program. But I
have to say your market cap has gone through the room.
And I think the other thing that's happening is is
between the folks that are getting involved in capital formation.
I mean, this is a testament to how to run
a company or maybe run a country. Know that clean
cap table, a clear picture on what you're gonna do.
(25:14):
Tell them what you're gonna do before then do it.
I mean, I know that you're a humble guy, and
I'm all, seriously, you guys, you know I goof around
a lot, but at the end of the day, you
really did show up with a company that's clean as
a whistle, and not many public companies can say that.
Can you talk about the structure because you never had
to take toxic financing, you never need a reverse split.
I mean, it's one of those things in a company
that you see very rare in a small, smaller cap
NAZDAC company.
Speaker 4 (25:34):
Talk about that.
Speaker 6 (25:36):
Yeah, So I think it starts. I came out of
the venture background. I was a Silicon Valley startup kid,
and so I look at the public markets is trying
to provide the same opportunity with the same clarity, and
so the whole team is, you know, focused on cash flow.
So we didn't do the thing where we cookie jar
the company where you see a lot of CEOs take
big salaries or whatever else. And we really wanted to
(25:56):
build it out so if people invested, they got something
without any sort of prizes and getting people involved, they
supported it, and we were able to really have a
strong investor network, in part because whenever we do directly finance,
so we don't like pump beforehand or whatever. We actually
my job starts when we take money, and I have
to get my investors in IRR, and I think that's
(26:18):
really important. And in doing that, we've had investors that
have stuck with us the whole way and helped us
navigate when it's turbulent.
Speaker 5 (26:25):
And what's interesting is this is a story about supply chain.
This is a story about manufacturing and and and ramp manufacturing.
Talk about the story in itself, and then talk about
the company because you're really you're really in a pretty
narrow lane business, but it also has a has a
an adoptable addressable market that is probably endless thinking about
(26:45):
how how technology is going.
Speaker 6 (26:47):
Definitely, supply chains are boring until something goes wrong and
then you wonder why cars are sitting on the parking
lots in COVID or you know why there's no test
So true, right, so it's boring if we're doing it right,
and really it's a long So if we're placing orders
for parts and we do drone parts, we have to
place orders nine months ahead of time at least with
(27:09):
our supply network to have parts so that we have
them on the shelves when our customers come and ask
for them. And so we're really we've been building that
out for about a year and a half. We're building
a drone factory in Orlando like a motor factory, which
should come online here in about a month. All the
stuff's in. Let's just hope we didn't screw it up
too bad. But everything's looking good, and you know, we're
(27:29):
now placing orders for nine to twelve months from now
so that we have the material that our customers need
with the way the government's really pushing drones.
Speaker 4 (27:35):
Do you remember the.
Speaker 5 (27:36):
First day we spoke ever on air was the day
after the teriff nightmare happened. And one of our talking
points that I'm reading that exist real talking points is
how how you mac will be affected by US tariff
imb You're right here, Usual machines is a big beneficiary
of tariffs. Hundred percent of US drone components has been
served by Chinese companies. At the end of the day,
(27:58):
you guys benefited on both ends of the terrace, whether
it happened or it didn't happen, it was. It was
actually a positive for you and the way you guys
navigat that talk about how the tariffs made you want
to pivot, but you didn't pivot and you stayed strong
and look at where you're at now.
Speaker 6 (28:10):
Yeah, Well, tariffs, especially with the uncertainty, you start to
question like what are you doing? You know, where you
get your subcomponents, where are you sourcing from?
Speaker 4 (28:18):
Should you just wait?
Speaker 6 (28:20):
And we didn't because we stuck with it and the
uncertainty has caused other competition to not show up. They
took the weight approach, which is valid, and then it's
actually given us a little headroom on margins, so we're
seeing margin expansion while on shoring, which I mean, who
ever thought that would have happened. So it's been a
real positive. Like we're definitely one of the industries that
(28:41):
is the tariffs and the goal of the tariffs to
bring back the industry. It's working.
Speaker 2 (28:45):
Alan Evans is the CEO Unusual Machines there ticker symbol UMAC. Sorry,
So Alan, with the new push with this administration, as
far as the Pentagon and our armed forces are concerned,
is that great?
Speaker 4 (28:59):
News for you guys.
Speaker 6 (29:03):
Well, I think war is bad news for everybody in general.
Speaker 4 (29:05):
But like, excuse me this, this just came in a second.
Thank you, Mike, appreciate it.
Speaker 6 (29:13):
Yeah, yeah, just let's start with that. But fact like
past that the government wanting diversified supply chains, like not
just wanting China as a supply chain for drones, and
the amount of money they're putting there because they recognize
that it's really important not just defense, but for public safety,
for national parks, for drone white shows, for all these
other things. We're definitely a beneficiary of it is so
(29:35):
are so many drone companies, but there just aren't a
lot of people doing maybe low cost parts. So we
get we're getting a lot of calls.
Speaker 5 (29:42):
Thanks, good Hey, just for you and as much I
will tell you this a letten on something. We'll have
a surprise for you guys next week regarding regarding you
Mac in terms of project we're doing with with with UMAC.
Speaker 4 (29:52):
But my question for you is you got six months
left of the year.
Speaker 5 (29:56):
I know you guys, you know do a performert of
probably five years, but you're really as a CEO public company,
you're probably looking eighteen months out of total?
Speaker 4 (30:02):
What are you looking most forward to? Anything? Does anything changed?
If I would ask that same question January.
Speaker 6 (30:08):
Vacation, I don't ever get it, but hopefully we stabilize
and I could take one h No, I really think
the market will have certainty by about November. So I'm
really looking forward to seeing where the government if they
put them their money where their mouth is between here
and the end of October, and really like where it goes.
Does it go to FPV drones which we specialize in,
(30:30):
andto ISR drones like the camera drones, just get where
the money gets spent. And I think that's going to
dictate the next two or three years. So I'm looking
forward to certainty.
Speaker 9 (30:39):
There.
Speaker 4 (30:39):
Good stuff. His name is Alan Edvanons, Ellen Evans, Ellen Edvans,
his brother Allen Edvans, Alan Evans. I'll talk to you later.
I love you. I love you more than my pass man.
Speaker 2 (30:50):
I usual machines sexually simile as you am, AC. They're
gonna be a scene a lot more of unusual machine.
You see, we have seen a lot more of us
in just seconds. As The Big B Show continued, Wow, Big.
Speaker 4 (31:14):
B Show rolls on.
Speaker 2 (31:17):
America's favorite business discothech where you're watching or listening, we
appreciated me along for the ride day Trainer trio right
there and send us her pager numbers.
Speaker 4 (31:29):
And if you get a pager, we're gonna send you
a Commodore sixty four n A t R S eighty
as a Oh my god, thank god us.
Speaker 2 (31:40):
Corey Perlman, thank god. It is Corey Perlman, social media
keynote speaker. He's the owner of Impact Social Media, Inc.
His website's Corey Peerlman p E R l M A
n Z Impact Social Media dot com.
Speaker 5 (31:51):
The word iPhone was not in our lexicon in two
thousand and seven, two thousand and seven, where that wasn't
that long ago, Okay, I mean, honestly, it's less than
twenty years ago. If you look at nineteen ninety nine
when the dot com bubble broke. Now keep in mind
with the dotcom bubble was when Thomas Penfield Jackson was
a was a found Microsoft guilty of anti trust and
(32:14):
it broke the netscapes of the world, the mind springs
of the world, all of the because we're an Internet
two point zero still, which which caused the facebooks and
all of the all sort of the new the new
paradigm in terms of you know, so, I think three point.
Speaker 4 (32:25):
I was got to be the perplexities the world of
AI chat GVT in this age of innovation.
Speaker 5 (32:31):
I'm truly curious about this because a as a as
a television program, as a band.
Speaker 4 (32:37):
You know, I used to think, I got a TV show?
What I got a website? What do I need social
media for?
Speaker 5 (32:42):
You are leaving money on the table right now if
you're not new media is all media?
Speaker 8 (32:46):
Is?
Speaker 7 (32:46):
That?
Speaker 4 (32:46):
Would you agree with that?
Speaker 9 (32:48):
I mean, my opinion is the way I look at
AI right now is it's it's like a toddler that
we're feeding, you know, applesauce too with the little you
know airplane.
Speaker 3 (32:57):
I mean, it's it's so powerful in its current form.
Speaker 4 (33:01):
But it wasn't social But but forget me.
Speaker 5 (33:03):
Was it Napster that back when I when I first
got you and I first got in the air what
nineteen ninety two, nine ninety three, we use We used
to run into the control room to grab bumper music
for free on Napster instead of using the carts when
it came out because it was so novel.
Speaker 4 (33:16):
Now look what you got from here? And I think
you're right. I think we don't know.
Speaker 3 (33:20):
Ye.
Speaker 4 (33:20):
No, But do you think AI's gonna be the driver?
Speaker 3 (33:22):
I do, oh a thousand percent.
Speaker 9 (33:24):
That's the biggest innovation I think in our in our
you know, our world's sort of our back nine world,
if you will, obviously the Internet being our our front nine.
But yeah, I mean it's it's it's it's insanity and
it's going super fast.
Speaker 3 (33:36):
I mean that.
Speaker 9 (33:38):
I think the hardest part right now is watching videos
and trying to figure out if they're real or AI generated.
Speaker 5 (33:43):
Because they create real people, which brings me to the
next step, because I've had more than one look at
there's a you know when you you do this for
long enough, and you know the reason you play a
guitar when you're twelve years and get the girls after
a while is you know, these guys will tell you
I run off stage as fasts I can because you
don't want the attention.
Speaker 4 (33:58):
I have enough articles probably once a month. Last was
Business Insider.
Speaker 5 (34:02):
About you know, Bob Selly Sullivan, Big Bis Show, Laflin Hurs,
who's living in Newport Beach with this level the way
Paula and his two young boys.
Speaker 4 (34:10):
So the point is, okay, there's no Paula. There's two
young boys. I don't live an our peace.
Speaker 5 (34:14):
AI and chatch Ebt are about eighty five percent right.
If you look at an article and I can tell
the ones that are that that I see. They're written
about us and me and you and everybody else, and
they're about eighty five percent right because because they're just taking.
Speaker 4 (34:24):
Everyone named Robert Sley Sullivan and they try to there
they're scraping the internet. It's a data scrape that's dangerous
to me. Number one.
Speaker 5 (34:31):
And you when when you read, and I know you
you're a vociferous reader, when you're a voracious reader. When
you read, you can tell in a New York minute
what what is chatch Ebt and what's not? Don't they
have to fix that?
Speaker 4 (34:44):
First? Number one?
Speaker 5 (34:45):
Number two? Don't they have to deal with the fraud,
because I tell you right now, I have an attorney
that has on eight different occasions had to write Twitter
or Facebook or what's it?
Speaker 4 (34:57):
What's the personal hitch hint? What's the hits the the
hinge match something? Because there's public pictures as me and
Russ and saying that my name is you know Jackson T.
Speaker 5 (35:12):
Smallwood and I'm out there on a Twitter account or
Singles account or whatever, and that is the issue here.
Now imagine not being a vortex figure. I mean, you're
up in public. It's going to happen to you too.
It happens to Mary already. Don't they have to solve
that problem before we can move forward to social media,
because because right now it's losing crediblity because you don't
what's real what's not real.
Speaker 3 (35:31):
Yes, they definitely have to solve that issue.
Speaker 9 (35:34):
And I think, and I wanted to share this with
your audience real quick, the thing that we need to
be thinking about right now is how to AI prove
ourselves And I think the answer to that is showing
up more authentically on video and you know, showing behind
the scenes, showing.
Speaker 3 (35:47):
How you know we're here day in and day out.
Speaker 9 (35:49):
Because people can create these personas, Like you said, I
can arguably become Sully overnight.
Speaker 3 (35:55):
With AI, which is so crazy.
Speaker 9 (35:57):
But if they look at all your history on social
and see your personal brand, that's your way to defend
against AI, I would say.
Speaker 2 (36:04):
Corey Peerlman is a social media Kenot speaker, owner of
Impact Social Media. Uh, Corey, you know the phrase when
everyone's a superhero. There are no more superheroes? Are we
have we hit the saturation?
Speaker 9 (36:22):
Uh?
Speaker 4 (36:22):
Are we almost at the saturation point? With with social
media influencers.
Speaker 2 (36:27):
My favorite wormhole now is to go on YouTube, is
to go down and watch these punks who are walking
up to people in flexing on them just get laid
out by the person that they think is is it's
going to be great?
Speaker 4 (36:38):
Is that what the feeds servy you? What is that
what the feeds serving you?
Speaker 2 (36:41):
Well, if you search it, yeah, that's no people getting punched. Yeah,
I'm serving me something completely different.
Speaker 3 (36:46):
Oh again, it is it is oversaturated, and I mean, guys,
we have to just say it.
Speaker 9 (36:53):
I mean, have you seen what's going on today with
the the guy the affair thing at the Coldplay concert?
Speaker 4 (36:58):
Oh my god, what an idiot?
Speaker 2 (37:00):
Wait wait, excuse me inside baseball sorry, party of one,
party of two, inside baseball, party two.
Speaker 4 (37:05):
He let the rest of the world and what you're
talking about for a billion dollar company? Rights? What's is?
Speaker 2 (37:10):
Uh?
Speaker 4 (37:11):
Okay? So this is he the CEO or whatever president's ceo.
Speaker 3 (37:14):
He's at a Coldplay concert?
Speaker 4 (37:16):
He's hold on? So a CEO of a billionaire company? Yes?
He is a Coldplay concert with his with his biscuit
on the side. Well, yeah, no, she works for like
she's the director of the jar or something.
Speaker 3 (37:27):
Yes, she's She's the chief people Officer, thank you.
Speaker 2 (37:30):
And he's got his arms around her. She's the CPO.
I think, I don't think peace stands for people.
Speaker 4 (37:38):
Came to her and him and he goes like this.
Speaker 10 (37:40):
He goes, yep, too late, too late. Here's probably here's
prosbal my ability. I told you to make that appointment
for me. That's posible my ability.
Speaker 4 (37:52):
Ghost Guys, now, are you s Was that not real?
Or was that really real?
Speaker 3 (37:56):
It's real, very real.
Speaker 4 (37:57):
Let me tell you the good news. Let me tell
you good news for him? Is it me?
Speaker 3 (38:01):
Yeah?
Speaker 4 (38:01):
Well it was it was c g I or whatever
I mean? Is is that what I mean?
Speaker 8 (38:06):
There?
Speaker 5 (38:07):
Listen, my mother called me just yesterday, no day before yesterday,
asking she got a message from me in Comba sant
Lucas I couldn't get as Cabo. You can ask it
again for the wire twenty one hundred dollars and thank
god Steve jj Wiseman, who's our scamp person here.
Speaker 4 (38:20):
It's not every pa in there. And my daughter's as
well as my parents do not fall for that crap.
It comes in that.
Speaker 5 (38:25):
I think that's that's the bane of our existence social
So if we can deal with the fraud, and we can,
as you say, AI ourselves, I think that's the end
of the story.
Speaker 4 (38:33):
Right.
Speaker 9 (38:33):
Do you remember Wikipedia, that the world was able to
edit and know very quickly what was real and not real?
Speaker 4 (38:39):
Hey, listen this way too.
Speaker 5 (38:40):
I may or I may or may not be forty
years old in Wikipedia, and I'm wig I'm six foot four,
one fifty. I may have done a few I may edited. Hey, Corey,
I think that's your next book. I mean a I
proved yourself honestly, goodness. I think it's good. We need
to get you back in studio, but I appreciate your help.
Corey fulm Heelman, Corey Perlman, Corey Feldman.
Speaker 3 (38:59):
I've off.
Speaker 2 (39:01):
Corey Perlman, social Media keynote speaker, owner of Impact Social
Media EM. And that is it for this edition of
The Big This Show. To everybody out there participating, can't
do without you. To everybody here makes it possible.
Speaker 4 (39:14):
You are the best. We will see you next time.