The Realities of Entrepreneurship with Mike & Kass Lazerow

The James Altucher Show

James Altucher

Society & Culture, Talk Radio, Writer, Philosophy, Comedy, Chess, How To, Entrepreneurship, Jay, James, The James Altucher Show, Altucher, Author, Jay Yow, Education, Jay The Engineer, Business, James Altucher

4.6 • 2.7K Ratings

🗓️ 31 July 2024

⏱️ 61 minutes

🔗️ Recording | iTunes | RSS

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Summary

James sits down with Michael and Kass Lazerow, the dynamic duo behind Buddy Media, a company they built and sold for $800 million. They share their journey from the early days of cold emailing and breakfast meetings to navigating the challenges of the great recession and pivoting their business model. This conversation goes beyond the usual success stories, diving into the reality of entrepreneurship, the sacrifices, the mistakes, and the mindset needed to thrive.

Transcript

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0:00.0	So in 2006 I was starting this company up called Stockpicker and this random guy calls me out of the blue
0:14.4	and says I want to be this is a great idea I just sold golf.com and now I'm figuring out what to do
0:20.0	and I want to be CEO of your company. And so we meet for breakfast and he describes the breakfast meeting,
0:26.0	but he gave me all these ideas.
0:27.0	And they were great ideas, so I stole all of them,
0:29.0	and they worked really well,
0:31.0	and I built up stock picker and sold it. But then this guy and his wife
0:37.2	they started their own company both Mike and Cass, they're geniuses. They eventually sold that company for $800 million.
0:44.8	And we've been friends all along,
0:47.6	even though I rejected him and stole all his ideas.
0:51.1	He probably did much better than if he had joined Stockpicker and they decided to come on the
0:57.5	podcast and not only do we tell some stories but they share some of their many secrets of entrepreneurship.
1:05.1	So here's Michael and Cass Lazzarau, two extraordinary entrepreneurs and friends.
1:11.0	Here they are. not your
1:23.5	show.
1:24.5	show. So,
1:25.8	The James Altager Show.
1:27.0	So tell me, what are you guys doing what's going on what's it there's been like a big change now you're all active in social media
1:38.8	You're you're talking buddy power
1:41.8	It's you're on to us.
1:43.0	Oh, it's good to see you, first of all.
1:45.0	Yes, good to see you guys.
	...

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