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These are the user uploaded subtitles that are being translated: 1 00:00:02,000 --> 00:00:04,080 This programme contains strong language 2 00:00:02,000 --> 00:00:07,000 Downloaded from YTS.BZ 3 00:00:04,120 --> 00:00:06,040 and is intended for entertainment purposes. 4 00:00:06,080 --> 00:00:08,000 So obviously I googled you, 5 00:00:08,000 --> 00:00:13,000 Official YIFY movies site: YTS.BZ 6 00:00:08,040 --> 00:00:11,160 your net worth on the way here, and you're a billionaire. 7 00:00:11,200 --> 00:00:12,960 Yeah. 8 00:00:13,000 --> 00:00:14,440 So I worked it out. 9 00:00:14,480 --> 00:00:17,960 And basically a million to you is like ยฃ20 to me. 10 00:00:18,000 --> 00:00:22,320 So, um, please, could I have ยฃ1 million? 11 00:00:27,000 --> 00:00:28,360 When I was younger, 12 00:00:28,400 --> 00:00:30,240 the coolest thing you could be when you grew up 13 00:00:30,280 --> 00:00:32,720 was like a rock star or a footballer 14 00:00:32,760 --> 00:00:34,760 or an actor in Hollywood films. 15 00:00:34,800 --> 00:00:37,880 But now it seems like there's this entire generation 16 00:00:37,920 --> 00:00:40,320 of ambitious young entrepreneurs 17 00:00:40,360 --> 00:00:42,280 dreaming of becoming start-up founders. 18 00:00:44,040 --> 00:00:45,960 It's everywhere in our media. 19 00:00:49,720 --> 00:00:51,320 People don't just envy entrepreneurs 20 00:00:51,360 --> 00:00:53,680 for their net worth any more. They idolise them. 21 00:00:53,720 --> 00:00:56,800 In a world where people have become less certain 22 00:00:56,840 --> 00:00:58,960 about their future, is it that surprising 23 00:00:59,000 --> 00:01:01,240 that they're spending all their time thinking 24 00:01:01,280 --> 00:01:03,000 about money and trying to get it? 25 00:01:03,040 --> 00:01:07,040 I don't know, it just feels like hustle culture has taken over. 26 00:01:07,080 --> 00:01:09,960 Like everywhere you look, somebody is promising 27 00:01:10,000 --> 00:01:12,160 that they've figured out how to get rich quick. 28 00:01:12,200 --> 00:01:13,960 Do you want to be the first millionaire in your family? 29 00:01:17,720 --> 00:01:19,760 So let me show you guys exactly how I do this as a teen. 30 00:01:19,800 --> 00:01:21,800 So I've never really been motivated by money. 31 00:01:21,840 --> 00:01:24,240 Like, I didn't grow up with it. I'm not going to inherit any. 32 00:01:24,280 --> 00:01:27,120 But this cultural moment around hustle culture 33 00:01:27,160 --> 00:01:31,280 has made me think maybe this is the time to actually make some cash. 34 00:01:31,320 --> 00:01:33,320 Just over a year ago, I released my first film with Channel 4 35 00:01:33,360 --> 00:01:34,960 and it actually did pretty well. 36 00:01:35,000 --> 00:01:39,080 So what I did was I immediately leveraged 37 00:01:39,120 --> 00:01:41,160 that goodwill and trust that I'd earned 38 00:01:41,200 --> 00:01:44,560 with them to pitch them a show about me getting rich. 39 00:01:44,600 --> 00:01:46,120 We're on. 40 00:01:46,160 --> 00:01:48,360 We've signed a contract with them guaranteeing 41 00:01:48,400 --> 00:01:52,120 that I am going to make ยฃ1 million in 90 days. 42 00:01:54,200 --> 00:01:56,560 I basically had to say like, this is possible. 43 00:01:56,600 --> 00:02:00,040 Even though I've never earned anything like that in my life. 44 00:02:00,080 --> 00:02:02,680 If this goes well, I could end up a millionaire. 45 00:02:02,720 --> 00:02:04,960 If it doesn't go well, then I suppose 46 00:02:05,000 --> 00:02:07,840 that I won't be working with Channel 4 again. 47 00:02:07,880 --> 00:02:10,240 I mean, obviously you're watching this right now, 48 00:02:10,280 --> 00:02:13,720 which means something has happened that warrants a television show. 49 00:02:13,760 --> 00:02:14,800 But, yeah, this is it. 50 00:02:14,840 --> 00:02:16,480 My name is Oobah Butler, 51 00:02:16,520 --> 00:02:17,520 and this is... 52 00:02:25,000 --> 00:02:27,400 The rules are, they're pretty simple. 53 00:02:27,440 --> 00:02:28,960 Any money that I'm spending to try 54 00:02:29,000 --> 00:02:31,960 and generate this money needs to come from me. 55 00:02:32,000 --> 00:02:34,680 The second rule: don't break the law, I've been told. 56 00:02:34,720 --> 00:02:37,360 But otherwise, like, I can kind of do whatever I want. 57 00:02:39,000 --> 00:02:42,960 I've spent the last few days just like consuming books 58 00:02:43,000 --> 00:02:45,960 by successful entrepreneurs for invaluable advice. 59 00:02:50,400 --> 00:02:52,960 Checking out the bullish wisdom of online business gurus. 60 00:02:53,000 --> 00:02:54,960 This is super illegal and I would never do this, 61 00:02:55,000 --> 00:02:58,240 but this is probably the fastest way to make $3,000 in a single day. 62 00:02:58,280 --> 00:02:59,880 Consuming questionable hustle culture content. 63 00:02:59,920 --> 00:03:02,440 What do you learn from 9/11? That it was an inside job. 64 00:03:02,480 --> 00:03:03,640 What does that tell you? 65 00:03:03,680 --> 00:03:05,040 That there's going to be more of them. 66 00:03:05,080 --> 00:03:06,280 What does that tell me? 67 00:03:06,320 --> 00:03:08,960 That I need to get rich and get out so that I'm not bound to the system. 68 00:03:09,000 --> 00:03:12,120 I need to do what, like any good entrepreneur does: 69 00:03:12,160 --> 00:03:14,560 start a business and become a founder. 70 00:03:14,600 --> 00:03:17,480 And, um, I think I've got an idea for a company. 71 00:03:17,520 --> 00:03:19,960 I was reading all this stuff that Stephen Bartlett said about how 72 00:03:20,000 --> 00:03:23,480 you can turn, like, attention into money. 73 00:03:29,840 --> 00:03:32,120 And then I heard about these companies 74 00:03:32,160 --> 00:03:33,960 who essentially create hype 75 00:03:34,000 --> 00:03:37,120 and noise and controversy and then sell things 76 00:03:37,160 --> 00:03:38,560 off the back of that. 77 00:03:38,600 --> 00:03:41,160 So the brand Supreme put their logos on bricks, 78 00:03:41,200 --> 00:03:43,960 a company called mischief, who created these Satan shoes 79 00:03:44,000 --> 00:03:45,920 that were like copies of Nike shoes 80 00:03:45,960 --> 00:03:47,960 that had a drop of blood in every set, 81 00:03:48,000 --> 00:03:52,520 and they did 666 of them and sold them all for $1,000 each. 82 00:03:52,560 --> 00:03:54,960 If I was to do even like one thing 83 00:03:55,000 --> 00:03:58,360 that sold as well as that, I would be well over halfway. 84 00:03:58,400 --> 00:04:01,960 I think that is a business model that I could replicate. 85 00:04:02,000 --> 00:04:03,960 So what the idea of the company is, is, 86 00:04:04,000 --> 00:04:05,480 um, it's called Drops. 87 00:04:05,520 --> 00:04:08,480 And what Drops does is it does stunts 88 00:04:08,520 --> 00:04:10,760 and then it sells products off the back of them. 89 00:04:10,800 --> 00:04:12,800 A load of controversial stuff happens, 90 00:04:12,840 --> 00:04:14,960 it's in the news that then has a very 91 00:04:15,000 --> 00:04:17,960 overpriced item attached to it that you can buy. 92 00:04:18,000 --> 00:04:21,520 So each drop is hopefully going to make money towards my target. 93 00:04:21,560 --> 00:04:24,960 But look, the bigger picture is this: after 90 days creating noise 94 00:04:25,000 --> 00:04:26,960 and building the value of the brand, 95 00:04:27,000 --> 00:04:32,960 I'm going to attempt to sell Drops for ยฃ1 million and exit the company. 96 00:04:33,000 --> 00:04:35,360 And I think I've got my first idea for a drop. 97 00:04:35,400 --> 00:04:39,240 So I want to launch the first legal child sweatshop 98 00:04:39,280 --> 00:04:40,720 in Britain in over a century. 99 00:04:41,880 --> 00:04:43,480 So I'd better get started. 100 00:04:47,240 --> 00:04:50,680 So today we're creating the first of five drop ideas, 101 00:04:50,720 --> 00:04:54,960 essentially a luxury fashion brand that is designed by 102 00:04:55,000 --> 00:04:58,400 and made by children, which I'm calling Ethical Sweatshop. 103 00:04:58,440 --> 00:05:01,160 OK, kids. So, hello, my name is Mr Butler. 104 00:05:01,200 --> 00:05:02,480 ALL: Hi, Mr Butler. Hello. Hello. 105 00:05:02,520 --> 00:05:04,960 You do know that we're not getting paid for this? 106 00:05:05,000 --> 00:05:06,960 Yeah, I know. Sorry. What? I want to get paid. 107 00:05:07,000 --> 00:05:10,240 Not going to get paid. We need to get cash. 108 00:05:10,280 --> 00:05:12,960 I've used a loophole so that they can work for free for me. 109 00:05:13,000 --> 00:05:16,080 So we've got a camera set up which is documenting. 110 00:05:16,120 --> 00:05:18,320 So that is technically like a performance, 111 00:05:18,360 --> 00:05:20,160 which makes them performers. 112 00:05:20,200 --> 00:05:21,960 So while I'm having to pay for everything else, 113 00:05:22,000 --> 00:05:23,960 I can keep my labour costs down to zero. 114 00:05:24,000 --> 00:05:25,520 If that sounds mad or bad, good, 115 00:05:25,560 --> 00:05:28,360 that's the whole game with Drops. 116 00:05:28,400 --> 00:05:30,560 They're going to design like football shirts 117 00:05:30,600 --> 00:05:32,960 that have like logos and designs on them for like the kind 118 00:05:33,000 --> 00:05:35,640 of amoral shite that's on football shirts. 119 00:05:35,680 --> 00:05:37,000 Do you know what I mean? 120 00:05:37,040 --> 00:05:40,720 So like a drinks brand or a gambling company maybe. 121 00:05:40,760 --> 00:05:42,320 Who knows what cigarettes are? 122 00:05:43,400 --> 00:05:47,160 OK. The problem is, is that they can make you really, really sick. 123 00:05:47,200 --> 00:05:48,960 They can give you lung cancer... Lung disease. 124 00:05:49,000 --> 00:05:52,960 15 kinds of cancer. Yeah. Yeah. 125 00:05:53,000 --> 00:05:56,120 So what we need to do is to make a cigarette brand 126 00:05:56,160 --> 00:05:58,880 that makes the grown ups forget about 127 00:05:58,920 --> 00:06:00,720 the consequences of smoking it. 128 00:06:00,760 --> 00:06:03,360 Does that make sense? Yeah. Anyone got a name? 129 00:06:03,400 --> 00:06:05,720 Uh. It's coming, it's coming, it's coming. 130 00:06:05,760 --> 00:06:09,960 Yes. We could do like the Butterfly Cigarette? 131 00:06:10,000 --> 00:06:11,960 Butterfly Cigarette? Yeah. I Like that. 132 00:06:12,000 --> 00:06:13,200 Oh, I have an idea. 133 00:06:13,240 --> 00:06:15,000 Start Smoking, I'm Not Joking. 134 00:06:16,600 --> 00:06:19,280 Whenever I see, like empty cigarette packets, 135 00:06:19,320 --> 00:06:21,800 it says something about like, Jesus doesn't like smoking, 136 00:06:21,840 --> 00:06:24,520 so I thought it could be Jesus Says Smoke. 137 00:06:24,560 --> 00:06:26,160 Holy Smokes. 138 00:06:26,200 --> 00:06:28,960 Holy Smokes? Mm-hm. That's actually good. 139 00:06:29,000 --> 00:06:32,200 With their sacrilegious cigarette sponsor, Holy Smokes... 140 00:06:32,240 --> 00:06:33,960 He's praying by the way. 141 00:06:34,000 --> 00:06:36,520 ..the kids have nailed the controversy generating brief. 142 00:06:36,560 --> 00:06:39,880 And now we have a concept for them to design the shirts around. 143 00:06:41,280 --> 00:06:43,280 I can't even use any of these machines, 144 00:06:43,320 --> 00:06:45,960 so I don't know how they're going to do it. 145 00:06:46,000 --> 00:06:49,240 So I took some of the best designs to Icarus FC, 146 00:06:49,280 --> 00:06:51,400 this bespoke football shirt manufacturer 147 00:06:51,440 --> 00:06:52,800 who could make them a reality. 148 00:06:52,840 --> 00:06:54,640 How much do you think I can charge for these? 149 00:06:54,680 --> 00:06:55,960 There is, like, no upper end. 150 00:06:56,000 --> 00:06:57,320 It just kind of depends on what you think people 151 00:06:57,360 --> 00:06:59,160 would be willing to pay for. 152 00:06:59,200 --> 00:07:01,040 If I do a ยฃ100 shirt, 153 00:07:01,080 --> 00:07:03,520 1,000 people buy it, 100 grand. 154 00:07:03,560 --> 00:07:05,720 But that would cost like 20 grand to pull off. 155 00:07:05,760 --> 00:07:07,960 And that's just money I don't have right now. 156 00:07:08,000 --> 00:07:10,000 If we don't sell them, can I get a refund? 157 00:07:11,000 --> 00:07:12,360 No. Sorry. 158 00:07:12,400 --> 00:07:14,520 I'm already thousands out of pocket. 159 00:07:14,560 --> 00:07:16,960 But my idea was to do four to five drops 160 00:07:17,000 --> 00:07:19,360 to make the brand as valuable as possible. 161 00:07:19,400 --> 00:07:22,200 And if each one ends up costing around 20 grand, 162 00:07:22,240 --> 00:07:24,200 then I need to raise about 100 grand. 163 00:07:29,280 --> 00:07:32,760 If I wanted to say, for example, 100 grand to get going, 164 00:07:32,800 --> 00:07:34,120 on a scale of one to ten, 165 00:07:34,160 --> 00:07:36,960 how likely is a high street bank to give me money? 166 00:07:37,000 --> 00:07:38,200 At this point? 167 00:07:38,240 --> 00:07:39,400 One? 168 00:07:39,440 --> 00:07:42,120 A bank, they're probably going to struggle to lend 169 00:07:42,160 --> 00:07:44,280 when there's no history of sales. 170 00:07:44,320 --> 00:07:46,240 You don't have that, basically. 171 00:07:46,280 --> 00:07:48,280 So if banks are too scared to lend me start-up cash 172 00:07:48,320 --> 00:07:51,440 and Drops needs to find an angel investor quickly, 173 00:07:51,480 --> 00:07:52,800 I know where I've got to go. 174 00:07:55,000 --> 00:07:59,320 New York is home to almost 385,000 millionaires. 175 00:07:59,360 --> 00:08:01,520 I just needed a few of them to give me a little cash 176 00:08:01,560 --> 00:08:03,800 so I could get going on my Drops. 177 00:08:03,840 --> 00:08:05,080 PANTS 178 00:08:05,120 --> 00:08:06,480 Five. 179 00:08:09,000 --> 00:08:10,960 Make it here, you can make it anywhere. 180 00:08:11,000 --> 00:08:14,480 So I'm trying to expand my network so I can find an investor. 181 00:08:14,520 --> 00:08:16,640 And I found this guy, Jon Levy, 182 00:08:16,680 --> 00:08:18,320 who literally wrote the book on networking. 183 00:08:18,360 --> 00:08:22,960 Surrounding ourselves with people who are interesting, ambitious. 184 00:08:23,000 --> 00:08:25,320 How big a part of your own success has that been? 185 00:08:25,360 --> 00:08:26,960 If you have a friend who's obese, 186 00:08:27,000 --> 00:08:31,160 your chances of obesity increase by 45%. 187 00:08:31,200 --> 00:08:33,960 Your friends, who do not know them, 188 00:08:34,000 --> 00:08:36,480 have a 20% increased chance. 189 00:08:36,520 --> 00:08:39,280 They found that this kind of effect is true for happiness, 190 00:08:39,320 --> 00:08:41,280 marriage and divorce rates, smoking habits. 191 00:08:41,320 --> 00:08:46,400 Basically, anything that really matters is contagious. 192 00:08:46,440 --> 00:08:50,600 When I was 28-ish, I'd get upset that I wasn't good with money. 193 00:08:50,640 --> 00:08:53,280 I was overweight. When I read that research, 194 00:08:53,320 --> 00:08:56,280 I thought, wait, maybe the problem is just 195 00:08:56,320 --> 00:09:01,240 that I'm hanging out with people that don't have good habits. 196 00:09:01,280 --> 00:09:04,120 And so I created a dinner where we invite astronauts, 197 00:09:04,160 --> 00:09:07,920 Olympians, Nobel laureates, the occasional member of royalty. 198 00:09:07,960 --> 00:09:11,840 And so I'm suddenly in the middle of a huge community of people. 199 00:09:11,880 --> 00:09:13,960 Let's say you want to accomplish something, 200 00:09:14,000 --> 00:09:15,960 people often call me saying, "Hey, Jon, 201 00:09:16,000 --> 00:09:19,000 "how do I get nominated for the Nobel Prize? 202 00:09:19,040 --> 00:09:21,560 "Or how do I become a New York Times bestseller?" 203 00:09:21,600 --> 00:09:26,200 And so say, for example, I'm trying to pitch to an investor, 204 00:09:26,240 --> 00:09:28,520 you know, I want $100,000. 205 00:09:28,560 --> 00:09:31,080 Yeah, I could probably figure out the right context 206 00:09:31,120 --> 00:09:32,240 to make that happen. 207 00:09:36,000 --> 00:09:38,680 Jon's connected me with some of his network, 208 00:09:38,720 --> 00:09:41,640 so I'd better get going on finding that investor for Drops. 209 00:09:41,680 --> 00:09:42,680 WHISPERS: 210 00:09:44,680 --> 00:09:45,920 It's all made by children. 211 00:09:47,400 --> 00:09:48,520 You're amazing. 212 00:09:48,560 --> 00:09:50,200 I kind of bottled it. She's just too nice. 213 00:09:50,240 --> 00:09:52,400 I work in tech. So we have a rocket company. 214 00:09:52,440 --> 00:09:54,960 And I'm a descendant of Elvis Presley. 215 00:09:55,000 --> 00:09:57,480 And I don't like to brag, but I'm a pretty cool guy. 216 00:09:57,520 --> 00:09:58,880 Great. 217 00:09:58,920 --> 00:10:01,960 What do you think is the quickest way to make money? Shrimp farming. 218 00:10:02,000 --> 00:10:03,760 Shrimp farming? Yeah. 219 00:10:03,800 --> 00:10:05,000 Make some bullshit app. 220 00:10:05,040 --> 00:10:07,240 If the Syrian economy survives, 221 00:10:07,280 --> 00:10:10,120 you can bring all sorts of stuff there, like hotels. 222 00:10:10,160 --> 00:10:12,960 Do crypto. But if you don't know anything about it, 223 00:10:13,000 --> 00:10:15,280 how do you know if you're doing it right, right? 224 00:10:15,320 --> 00:10:16,760 Where did you learn everything? 225 00:10:16,800 --> 00:10:19,960 I taught myself, but also, I mean, my family's in it. 226 00:10:20,000 --> 00:10:22,440 Oh, really? Yeah. My dad was a Fortune 500 CEO. 227 00:10:22,480 --> 00:10:25,960 Oh, shit. '90s. Yeah. He's smart. He actually just went 228 00:10:26,000 --> 00:10:30,960 to prison on last Friday for securities fraud. 229 00:10:31,000 --> 00:10:32,960 Who? My dad. 230 00:10:33,000 --> 00:10:35,000 Seriously? Yeah. 231 00:10:36,080 --> 00:10:39,680 How? What happened? Yeah. The FBI went to his house. 232 00:10:39,720 --> 00:10:42,040 They were like, "If you lie to us, you know, 233 00:10:42,080 --> 00:10:43,240 "it's, like, pretty bad." 234 00:10:43,280 --> 00:10:46,680 He lied to them and he went to prison. 235 00:10:48,160 --> 00:10:49,480 But, um, he taught me a lot. 236 00:10:51,000 --> 00:10:52,960 I think my networking is starting to pay off. 237 00:10:53,000 --> 00:10:54,960 So I met this guy at a party. 238 00:10:55,000 --> 00:10:56,640 He seems interested in Drops, 239 00:10:56,680 --> 00:11:00,320 my business where I do publicity stunts and attach products to them. 240 00:11:00,360 --> 00:11:01,960 And he told me to stop by his office. 241 00:11:02,000 --> 00:11:03,080 How's it go, man? 242 00:11:03,120 --> 00:11:04,640 Iqram was a co-founder of Venmo, 243 00:11:04,680 --> 00:11:06,960 one of America's largest payment apps, 244 00:11:07,000 --> 00:11:10,960 He told me he came up with the idea for Venmo with his mate Andrew. 245 00:11:11,000 --> 00:11:13,440 I came up to visit him without a wallet, 246 00:11:13,480 --> 00:11:15,960 and so he ended up paying for everything, 247 00:11:16,000 --> 00:11:18,080 uh, throughout the weekend, you know, 248 00:11:18,120 --> 00:11:21,120 whatever, drinks at the club, coffee the next morning. 249 00:11:21,160 --> 00:11:23,040 Uh, like you paid for my coffee today. 250 00:11:23,080 --> 00:11:24,560 I should hit you back for that. 251 00:11:24,600 --> 00:11:25,960 Um... No. It's cool. Don't worry about it. 252 00:11:26,000 --> 00:11:27,240 No, no, I got it, I got it. Yeah. That's... 253 00:11:27,280 --> 00:11:28,960 All right. It was a moment like that, 254 00:11:29,000 --> 00:11:31,680 where, right there, for some reason, it clicked. 255 00:11:31,720 --> 00:11:33,960 "Why can't I just send this money to you with my BlackBerry?" 256 00:11:34,000 --> 00:11:35,960 Yeah. You're just like, fuck it, let's just build it. 257 00:11:36,000 --> 00:11:38,360 Yeah. Sounds like a good idea. And it's entered the dictionary. 258 00:11:38,400 --> 00:11:41,720 "I'll venmo you." That we planned. Really? 259 00:11:41,760 --> 00:11:43,280 "It has to be a verb." 260 00:11:43,320 --> 00:11:45,200 And I kind of tried to do that with everything. 261 00:11:45,240 --> 00:11:46,800 Like Jelly, for example. "I'll jelly you." 262 00:11:46,840 --> 00:11:48,800 It has to work in a conversation. 263 00:11:48,840 --> 00:11:50,480 Jelly is Iqram's latest venture, 264 00:11:50,520 --> 00:11:51,960 a gimmicky video sharing app that he hopes 265 00:11:52,000 --> 00:11:54,040 is going to rival TikTok. 266 00:11:54,080 --> 00:11:56,240 My mission is to try in three months 267 00:11:56,280 --> 00:11:59,360 to build the most valuable company that I can. 268 00:11:59,400 --> 00:12:01,160 The part of it is getting the right team in place. 269 00:12:01,200 --> 00:12:03,160 Yeah? Yeah. the thing the questions I have is, 270 00:12:03,200 --> 00:12:05,800 are we going to raise... Are we doing this together, is number one? 271 00:12:05,840 --> 00:12:09,000 Well. Why not? I don't know, man. I mean, my thing... 272 00:12:12,320 --> 00:12:14,720 This is the first, I would say, session of like, 273 00:12:14,760 --> 00:12:16,080 we're going to make something. 274 00:12:16,120 --> 00:12:18,480 We're ideating right now for the next couple of weeks. 275 00:12:18,520 --> 00:12:19,960 Yeah, yeah, yeah. Drops is a good name. 276 00:12:20,000 --> 00:12:21,520 Drops is a good name. 277 00:12:21,560 --> 00:12:24,440 Drops is like you could do a luxury line of clothes. 278 00:12:24,480 --> 00:12:26,320 You could have a piece of art. You could have a piece of music. 279 00:12:26,360 --> 00:12:27,600 You could have anything that just, like... 280 00:12:27,640 --> 00:12:29,480 There's always a product which is attached. 281 00:12:29,520 --> 00:12:31,960 We could make a dope-ass Shopify for creators. 282 00:12:32,000 --> 00:12:33,840 We would just need all of the drops 283 00:12:33,880 --> 00:12:36,280 to be really clever and really viral. 284 00:12:36,320 --> 00:12:38,200 Yeah. "And then how did that person do that?" 285 00:12:38,240 --> 00:12:40,880 "Well, he went to whatever." Yeah, yeah. .."creators.com." 286 00:12:40,920 --> 00:12:43,200 Right. You're like the first creator. 287 00:12:43,240 --> 00:12:45,240 Right. How confident are you that we can make a company 288 00:12:45,280 --> 00:12:48,320 worth 1,000,000 in three months? Easy. It's already worth a million. 289 00:12:48,360 --> 00:12:50,280 What do you mean, like? What do you mean? 290 00:12:50,320 --> 00:12:51,440 By the team alone. 291 00:12:51,480 --> 00:12:53,240 Like... 292 00:12:53,280 --> 00:12:54,960 What, the cameraman... 293 00:12:55,000 --> 00:12:57,000 It's worth at least ten million right now. 294 00:12:58,920 --> 00:13:01,720 Hey. How's it going, man? What are you doing? 295 00:13:01,760 --> 00:13:02,960 I'm going to be, I don't know, 296 00:13:03,000 --> 00:13:05,560 possibly your co-founder. I'm your co-founder? 297 00:13:05,600 --> 00:13:08,280 Yeah, man. Cool. So is it hard to make a million? 298 00:13:08,320 --> 00:13:11,080 I would say the first million is the hardest part. 299 00:13:11,120 --> 00:13:14,920 Really? Yeah. I think we should do two targets on that. 300 00:13:14,960 --> 00:13:16,960 Value the company at ten million. Yeah. 301 00:13:17,000 --> 00:13:19,160 Generate the first million of revenue in three months. 302 00:13:19,200 --> 00:13:21,960 That's crazy. It's possible. Really? If you want to hear how this 303 00:13:22,000 --> 00:13:26,080 is going to go in, I would say six months, 304 00:13:26,120 --> 00:13:28,760 maybe next year, we're going to be selling out 305 00:13:28,800 --> 00:13:31,800 Madison Square Garden to watch the entire story 306 00:13:31,840 --> 00:13:33,520 behind how this came to be. 307 00:13:35,000 --> 00:13:36,520 This is so crazy. 308 00:13:36,560 --> 00:13:38,200 What the fuck is going on? 309 00:13:38,240 --> 00:13:39,040 I love it. 310 00:13:41,040 --> 00:13:44,000 The co-founder of Venmo wants to start a company with...me. 311 00:13:44,040 --> 00:13:45,360 I started writing on foil. 312 00:13:47,040 --> 00:13:49,360 We need our team. 313 00:13:49,400 --> 00:13:52,400 I got you: strategy, general hustle. 314 00:13:52,440 --> 00:13:56,000 Sure. You got me: first investor in some ways, 315 00:13:56,040 --> 00:13:57,800 you know what I'm saying? I'm just kind of like adviser. 316 00:13:57,840 --> 00:13:59,720 I'm helping get the company off the ground. Sure, yeah, yeah, yeah. 317 00:13:59,760 --> 00:14:02,000 We need our investors, right? So the company, Drops, 318 00:14:02,040 --> 00:14:05,000 will do publicity stunts with products attached to them. 319 00:14:05,040 --> 00:14:06,320 I'm thinking, 320 00:14:06,360 --> 00:14:08,080 like, you should be able to drop sell a house 321 00:14:08,120 --> 00:14:09,320 on this shit eventually. 322 00:14:09,360 --> 00:14:12,480 Like, who's going to buy the first piece of land on Mars? 323 00:14:12,520 --> 00:14:13,840 Like that should happen through Drops. 324 00:14:13,880 --> 00:14:16,200 I want to sell the opportunity to name a species. 325 00:14:16,240 --> 00:14:18,000 It's like the first branded species. 326 00:14:18,040 --> 00:14:20,560 Yeah. This species is called JellyJelly. 327 00:14:20,600 --> 00:14:22,160 Yeah. I'm just saying. Right. 328 00:14:22,200 --> 00:14:24,040 Could you sell a piece of luggage, 329 00:14:24,080 --> 00:14:26,640 but it's made to look like a bomb. A bomb? 330 00:14:26,680 --> 00:14:31,040 Yeah, it looks like a bomb and we charge $200,000 for it or something? 331 00:14:31,080 --> 00:14:35,000 Whatever. Another item. So next item along could be 332 00:14:35,040 --> 00:14:38,720 like 200 sets of luxury sneakers, 333 00:14:38,760 --> 00:14:41,640 a pair of real-life ad blocking sunglasses. 334 00:14:41,680 --> 00:14:43,720 Basically, you've got two settings on it. 335 00:14:43,760 --> 00:14:47,000 You click it and it blocks all of your vision. 336 00:14:47,040 --> 00:14:52,360 The thing of Drops, the reason it works is because, uh. 337 00:14:52,400 --> 00:14:54,480 THEY LAUGH 338 00:14:54,520 --> 00:14:56,000 I think it works. 339 00:14:56,040 --> 00:14:57,320 Yeah, as what? 340 00:14:57,360 --> 00:14:58,400 Drops. 341 00:14:59,560 --> 00:15:01,040 That could get boring. 342 00:15:01,080 --> 00:15:03,000 You see what I'm saying? At any given day, you can come to me 343 00:15:03,040 --> 00:15:05,000 and be like, I'm not interested in doing this. 344 00:15:05,040 --> 00:15:06,440 Yeah, right. And I can do that. Yeah. 345 00:15:06,480 --> 00:15:08,000 As soon as you get that capital in, 346 00:15:08,040 --> 00:15:10,640 you have a little bit of a responsibility and a commitment. 347 00:15:10,680 --> 00:15:12,440 You don't want to raise a bunch of money, 348 00:15:12,480 --> 00:15:14,080 and then all of a sudden quit. Just give it back. 349 00:15:14,120 --> 00:15:15,720 You'll get a bad reputation in the world. 350 00:15:15,760 --> 00:15:18,000 Let's get some food. All right? Yeah. 351 00:15:18,040 --> 00:15:21,000 I need to find investment before Iqram loses interest. 352 00:15:21,040 --> 00:15:24,240 Tapping into my network. How's it going? Yo. 353 00:15:24,280 --> 00:15:27,000 Yo, I've got this kind of app idea. 354 00:15:27,040 --> 00:15:29,600 We got a guy, office on Friday. 355 00:15:29,640 --> 00:15:31,000 Huge VC. 356 00:15:31,040 --> 00:15:33,000 Lovely to hear from you. They're piling up. 357 00:15:33,040 --> 00:15:36,000 I feel like we're on a roll. This could be the million 358 00:15:36,040 --> 00:15:37,240 cresting over the horizon. 359 00:15:37,280 --> 00:15:41,000 What I'm planning on doing is loads of different social experiments. 360 00:15:41,040 --> 00:15:44,440 OK. Using pranks and stunts to achieve social impact. 361 00:15:44,480 --> 00:15:47,680 Creating noise and attaching products to it, essentially. 362 00:15:47,720 --> 00:15:52,000 You have ten ideas, you hope that eight of them go viral. 363 00:15:52,040 --> 00:15:53,520 These are all very large commitments. 364 00:15:53,560 --> 00:15:55,040 It's an opportunity, Jim. 365 00:15:55,080 --> 00:15:57,400 GUFFAWS Oh, God. 366 00:15:57,440 --> 00:15:58,720 No, I get it, I get it. 367 00:15:58,760 --> 00:16:00,800 But, like, we...I want to see something repeatable. 368 00:16:00,840 --> 00:16:03,080 Yeah, yeah, yeah, sure. With real economics. 369 00:16:03,120 --> 00:16:05,000 What would you give me right now? 370 00:16:05,040 --> 00:16:06,800 Well, I would give you almost nothing. 371 00:16:06,840 --> 00:16:08,400 Nothing, yeah. 372 00:16:08,440 --> 00:16:11,000 We just need 100,000 to get us kicking off. 373 00:16:11,040 --> 00:16:14,200 Uh, send me the ducks. I'll look at the ducks. 374 00:16:14,240 --> 00:16:16,120 That is.... That is a no. 375 00:16:16,160 --> 00:16:18,120 Cheers, Ian. Have a good one. Take care. 376 00:16:22,040 --> 00:16:25,040 I've got one last investment meeting with Iqram's friend, Tom. 377 00:16:26,040 --> 00:16:28,320 We've been told he invests in a lot of stuff. 378 00:16:28,360 --> 00:16:31,000 He's a serious guy. And there's the film crew. 379 00:16:31,040 --> 00:16:33,040 I'm famous, baby. WOMAN OVER PHONE: Hey. 380 00:16:33,080 --> 00:16:34,760 You look good, by the way. 381 00:16:36,040 --> 00:16:37,520 Can you give me a full body shot? 382 00:16:39,040 --> 00:16:41,440 So basically, these things that we're doing right now 383 00:16:41,480 --> 00:16:43,760 are our first drops and the brand 384 00:16:43,800 --> 00:16:45,440 that are going to be taking credit 385 00:16:45,480 --> 00:16:47,920 for all of those things that I've just mentioned is Drops. 386 00:16:47,960 --> 00:16:50,000 This sounds like a brilliant idea. Yeah. 387 00:16:50,040 --> 00:16:51,880 We think you should come on and be a partner on it. 388 00:16:51,920 --> 00:16:54,000 Yeah. Oh, boy. He's raising money. 389 00:16:54,040 --> 00:16:55,920 This is a clever way to raise money. 390 00:16:55,960 --> 00:16:59,000 I don't have the dough right now. It's me and Iqram. I soon will. 391 00:16:59,040 --> 00:17:00,960 Iqram doesn't have money. He's full of shit. 392 00:17:01,000 --> 00:17:04,000 No, no, no, he's join... He's on the team. 393 00:17:04,040 --> 00:17:07,480 No? Good luck. No, I don't know, dude... 394 00:17:07,520 --> 00:17:10,000 I'm not... Look... Yeah, I know, but I'm just telling you. 395 00:17:10,040 --> 00:17:12,360 It's 100 grand. We're going to a couple of people. No. 396 00:17:12,400 --> 00:17:14,480 Just because they have a nice house doesn't mean anything. 397 00:17:14,520 --> 00:17:16,560 That's why I have a nice house because I don't have any money. 398 00:17:16,600 --> 00:17:18,680 What are you talking about? Of course you got money. 399 00:17:18,720 --> 00:17:21,000 Everyone thinks I do. I do. It's liquid. 400 00:17:21,040 --> 00:17:23,560 Yeah... It's in the house and it's in three or four investments. 401 00:17:25,040 --> 00:17:27,800 After not securing financial interest in Drops, 402 00:17:27,840 --> 00:17:30,040 it seems like Iqram has gone cold on me. 403 00:17:31,040 --> 00:17:33,040 Iqram's completely disappeared. 404 00:17:36,440 --> 00:17:40,000 Sent him like 10-15 texts over a matter of a week. 405 00:17:40,040 --> 00:17:42,160 Won't answer my calls. 406 00:17:42,200 --> 00:17:46,000 Clearly, he's either lost confidence in me or I've like... 407 00:17:46,040 --> 00:17:47,560 Or he's lost interest. 408 00:17:47,600 --> 00:17:49,120 But I know he's on his phone 409 00:17:49,160 --> 00:17:52,000 because he keeps on posting these catchy songs on Jelly. 410 00:17:52,040 --> 00:17:53,800 Yo, check it out. 411 00:17:53,840 --> 00:17:55,960 We're making progress on our song to end the war. 412 00:17:56,000 --> 00:17:57,000 Yeah. 413 00:17:58,040 --> 00:18:01,000 # We don't want war 414 00:18:01,040 --> 00:18:02,040 Check that pocket. 415 00:18:04,040 --> 00:18:07,040 So this company has reached out to me called UNFK. 416 00:18:08,040 --> 00:18:10,240 What are you doing? What you got on there? 417 00:18:13,160 --> 00:18:15,000 Oh, man. 418 00:18:18,360 --> 00:18:19,560 Yeah, man. I mean... 419 00:18:27,040 --> 00:18:28,400 He's basically created a platform 420 00:18:28,440 --> 00:18:32,400 pranking corporations into changing, we're shaming them. 421 00:18:35,960 --> 00:18:38,480 It's not a drop, but it's quite similar because what they're doing 422 00:18:38,520 --> 00:18:41,320 is they're trying to create hype and like noise online 423 00:18:41,360 --> 00:18:43,280 and then sell something off the back of it. 424 00:18:43,320 --> 00:18:46,000 But what they want to sell is, is a meme coin. 425 00:18:46,040 --> 00:18:50,000 Meme coins are a type of crypto and anyone can create a meme coin. 426 00:18:50,040 --> 00:18:52,160 Yet unlike established cryptocurrencies, 427 00:18:52,200 --> 00:18:54,560 meme coins have no inherent value except 428 00:18:54,600 --> 00:18:57,240 what their creators and owners can convince other people 429 00:18:57,280 --> 00:18:58,440 to pay for them. 430 00:18:58,480 --> 00:19:01,000 UNFK have created their own crypto coin 431 00:19:01,040 --> 00:19:03,000 and because I've created viral stunts in the past, 432 00:19:03,040 --> 00:19:05,240 they want me to create stunts that inflate 433 00:19:05,280 --> 00:19:07,120 the value of their meme coin. 434 00:19:18,040 --> 00:19:19,320 Got it. 435 00:19:19,360 --> 00:19:22,600 I don't know if UNFK fits this model, but often with crypto, 436 00:19:22,640 --> 00:19:24,840 the hope is that you get in early enough 437 00:19:24,880 --> 00:19:27,800 that you buy it at a moment before it blows up 438 00:19:27,840 --> 00:19:30,600 and you pull your money out when it's at its highest value, 439 00:19:30,640 --> 00:19:33,000 and you make a lot of money doing this. 440 00:19:33,040 --> 00:19:35,240 Like, I know a lot of people who make money from this. 441 00:19:35,280 --> 00:19:37,320 I've always been a bit uncomfortable about it because, 442 00:19:37,360 --> 00:19:39,000 um... 443 00:19:39,040 --> 00:19:42,000 Because my dad said it felt like a pyramid scheme and, 444 00:19:42,040 --> 00:19:44,360 um, you know, he lost a lot... 445 00:19:44,400 --> 00:19:46,800 They lost money when we were kids in a pyramid scheme, 446 00:19:46,840 --> 00:19:49,000 so I've always been a bit sensitive to it. 447 00:20:15,840 --> 00:20:18,080 Let's just have a look at their website. 448 00:20:18,120 --> 00:20:21,080 I'm, like, playing some game where you're basically shooting 449 00:20:21,120 --> 00:20:23,520 the guy who wants to regulate crypto. 450 00:20:23,560 --> 00:20:26,240 Then a builder appears on his head. 451 00:20:27,680 --> 00:20:29,440 No, this is not me. 452 00:20:31,280 --> 00:20:32,640 I wish I had not seen this. 453 00:20:35,000 --> 00:20:37,520 DIRECTOR: But you need the money. I need the money. 454 00:20:43,040 --> 00:20:44,280 I might not like it, 455 00:20:44,320 --> 00:20:47,080 but this could be the money that gets Drops off the ground. 456 00:20:47,120 --> 00:20:48,440 Get in. 457 00:20:51,360 --> 00:20:53,400 100 grand from UNFK. 458 00:20:53,440 --> 00:20:55,640 Four to five different stunts 459 00:20:55,680 --> 00:20:58,000 that promote their... what they're up to. 460 00:20:58,040 --> 00:21:01,000 They're willing to pay $100,000 for it. 461 00:21:01,040 --> 00:21:02,840 So I think that the quicker that I make those, 462 00:21:02,880 --> 00:21:04,320 the quicker I'll get paid. 463 00:21:04,360 --> 00:21:05,800 OK, great. Go for it. 464 00:21:05,840 --> 00:21:08,520 New York City, it's a crazy old place. 465 00:21:08,560 --> 00:21:13,000 Do you work in the city? I do, yes. Can you throw this ball at my head? 466 00:21:13,040 --> 00:21:15,040 Oh. Thanks, man. 467 00:21:17,440 --> 00:21:19,200 I don't know, I just feel like it's... 468 00:21:19,240 --> 00:21:21,400 This is bad. I'm associating myself with, 469 00:21:21,440 --> 00:21:25,720 like, basically a political ideology that I...I don't agree with. 470 00:21:25,760 --> 00:21:27,480 This film is just driving me mad. 471 00:21:27,520 --> 00:21:29,360 Now, because of this whole project, 472 00:21:29,400 --> 00:21:31,480 I'm being forced into making decisions 473 00:21:31,520 --> 00:21:33,840 that I wouldn't in real life. 474 00:21:33,880 --> 00:21:36,360 I just really want this to be over now. 475 00:21:36,400 --> 00:21:38,720 I preferred my life when I wasn't... 476 00:21:38,760 --> 00:21:42,400 Literally all I think about is money now. 477 00:21:42,440 --> 00:21:43,440 Gunnar is... 478 00:21:47,040 --> 00:21:50,000 Now he's basically saying that, you know, 479 00:21:50,040 --> 00:21:51,360 what we actually said was 480 00:21:51,400 --> 00:21:55,000 that it was based on views and specific payoffs. 481 00:21:55,040 --> 00:21:57,560 I looked at the value of the coin. It's gone down. 482 00:21:57,600 --> 00:21:59,680 I don't think they're getting the pick-up that they hoped they would. 483 00:21:59,720 --> 00:22:02,120 But that's not my job. My job was to create these videos. 484 00:22:02,160 --> 00:22:04,280 It just feels like it's not going well. 485 00:22:04,320 --> 00:22:07,200 I suppose I'll just do the second video. 486 00:22:07,240 --> 00:22:09,000 I'm here at McDonald's and today 487 00:22:09,040 --> 00:22:11,040 we're doing some blind taste testing. 488 00:22:19,200 --> 00:22:20,800 Crypto bros have pulled out. 489 00:22:23,080 --> 00:22:25,120 So much time has gone into it, 490 00:22:25,160 --> 00:22:27,320 and now they're saying they're not going to pay for it. 491 00:22:27,360 --> 00:22:29,360 Of course, like I have no protections. 492 00:22:29,400 --> 00:22:31,080 There's nothing signed. 493 00:22:31,120 --> 00:22:34,000 I was my stupid fault for rushing this thing 494 00:22:34,040 --> 00:22:36,840 through without a contract in place or anything. 495 00:22:36,880 --> 00:22:41,360 The reality is UNFK aren't happy with the videos and the deal is off. 496 00:22:41,400 --> 00:22:44,040 They've only paid us $18,000. 497 00:22:45,680 --> 00:22:49,000 I feel like I've lost $82,000 that we thought we were going to get. 498 00:22:49,040 --> 00:22:51,000 Let's have a look at the value of their coin. 499 00:22:51,040 --> 00:22:53,000 That's funny. So basically the last 500 00:22:53,040 --> 00:22:56,000 bump it had was when we put out the last video. 501 00:22:56,040 --> 00:22:58,040 The currency is almost worth nothing now. 502 00:23:00,080 --> 00:23:01,640 That makes me feel a bit better. 503 00:23:04,040 --> 00:23:08,000 With 994,000 still to make and nearly half of my time gone, 504 00:23:08,040 --> 00:23:10,120 my American dream is over. 505 00:23:10,160 --> 00:23:11,640 I need to go back home. 506 00:23:15,200 --> 00:23:18,160 I've spent way too long in America on things 507 00:23:18,200 --> 00:23:20,200 that haven't really made me that much money. 508 00:23:21,200 --> 00:23:25,280 Everyone's saying things that could completely change your life, 509 00:23:25,320 --> 00:23:31,200 but you know, in the end, it's all just fucking hot air. 510 00:23:32,200 --> 00:23:37,560 Oh, God. Iqram's posted a snappy video proudly announcing something. 511 00:23:37,600 --> 00:23:39,040 Hey, what's up, everyone? 512 00:23:39,080 --> 00:23:40,760 Sam and I are excited to announce 513 00:23:40,800 --> 00:23:45,160 the JellyJelly coin to support the Jelly creators on the Jelly app. 514 00:23:45,200 --> 00:23:47,680 You know what the number one trending meme coin 515 00:23:47,720 --> 00:23:49,160 on the planet is right now? 516 00:23:49,200 --> 00:23:50,440 Iqram launched this coin, 517 00:23:50,480 --> 00:23:52,920 Jelly-My-Jelly, which was an app when I met him, 518 00:23:52,960 --> 00:23:54,960 and now it's a meme coin. 519 00:23:55,000 --> 00:23:56,280 And... 520 00:23:56,320 --> 00:24:00,920 And now it's got $250 million worth of money behind it. 521 00:24:00,960 --> 00:24:04,160 IQRAM: We could launch a Jelly token together and you get some of those, 522 00:24:04,200 --> 00:24:05,400 that money. 523 00:24:05,440 --> 00:24:07,160 The thing of Drops, the reason it 524 00:24:07,200 --> 00:24:08,920 works is because, uh... 525 00:24:10,160 --> 00:24:12,720 I could have been involved in this meme coin. 526 00:24:12,760 --> 00:24:14,920 I just didn't listen when he pitched me it before. 527 00:24:14,960 --> 00:24:18,200 Everyone's made money. Everyone. It's so depressing. 528 00:24:19,480 --> 00:24:24,000 So this one guy managed to earn more than 2.4 million USD 529 00:24:24,040 --> 00:24:27,760 within just three hours from JellyJelly token. 530 00:24:30,000 --> 00:24:33,480 And, uh, the account's called Hitler.Sol. 531 00:24:33,520 --> 00:24:35,160 I could have made a million. 532 00:24:37,200 --> 00:24:40,160 I got money to spend. You know, I need to do something. 533 00:24:40,200 --> 00:24:42,160 So I'm going all in on launching my first drop. 534 00:24:42,200 --> 00:24:44,160 Do you want to see it? I would love to see it. 535 00:24:44,200 --> 00:24:47,160 And this is made by children? Yeah. Are you actually selling them? 536 00:24:47,200 --> 00:24:50,880 Yeah. They're ยฃ100 each. ยฃ100 each? Yeah. 537 00:24:50,920 --> 00:24:52,200 Should I go down? 538 00:24:53,360 --> 00:24:56,120 Do you want to go down the helter-skelter-type thing? Yeah. 539 00:24:58,200 --> 00:25:00,600 Oh, it's a bit...bit slow. 540 00:25:05,200 --> 00:25:07,760 I've never shot in a sort of cigarette-themed 541 00:25:07,800 --> 00:25:09,160 football shirt before. No. 542 00:25:09,200 --> 00:25:10,920 We're not trying to sell them to children, right? 543 00:25:10,960 --> 00:25:13,360 They're just created... The brand is just created by children. 544 00:25:13,400 --> 00:25:17,240 OK. Ethical Sweatshop. Jesus says smoke. 545 00:25:17,280 --> 00:25:18,280 Well done, guys. 546 00:25:20,200 --> 00:25:24,160 So we launched the Ethical Sweatshop trailer yesterday. 547 00:25:24,200 --> 00:25:27,400 We have created the first fully legal child sweatshop 548 00:25:27,440 --> 00:25:29,680 in Britain in over a century. 549 00:25:29,720 --> 00:25:32,720 And it's doing really well. GQ did a profile about it. 550 00:25:32,760 --> 00:25:36,160 There's influencers who are now making these reactive videos. 551 00:25:36,200 --> 00:25:38,160 This shirt was made by children in a sweatshop 552 00:25:38,200 --> 00:25:40,160 and the company uses that for their marketing. 553 00:25:40,200 --> 00:25:41,760 So what it's actually going on here? 554 00:25:41,800 --> 00:25:43,760 I'm a little bit concerned that people think it's a joke, 555 00:25:43,800 --> 00:25:45,320 but this is a real product. 556 00:25:45,360 --> 00:25:49,440 To prove Drops is a viable business, I reckon I need to sell 1,000. 557 00:25:49,480 --> 00:25:50,480 Let's launch it. 558 00:25:52,200 --> 00:25:54,120 There's already been a sale. 559 00:25:54,160 --> 00:25:56,600 I mean, it's been six minutes now and we've got eight sales. 560 00:25:56,640 --> 00:25:58,160 Where does this stop? One a minute. 561 00:25:58,200 --> 00:26:00,160 If we can get up to, like, 100 grand, then that'd be good. 562 00:26:00,200 --> 00:26:03,400 It does seem maybe like they're starting to slow down. 563 00:26:03,440 --> 00:26:05,160 Refresh it again. 564 00:26:05,200 --> 00:26:07,440 Yes. All right. 565 00:26:07,480 --> 00:26:10,200 That was our first sale in two hours. 566 00:26:11,440 --> 00:26:15,160 I'll refresh just to make sure there's not been any others. 567 00:26:15,200 --> 00:26:18,160 We sold shirts all over the world. We sold about 100. 568 00:26:18,200 --> 00:26:21,320 And it means we've made about ยฃ10,000. 569 00:26:21,360 --> 00:26:24,520 Against a million, that's 1% of the target. 570 00:26:24,560 --> 00:26:26,200 And that was a lot of work. 571 00:26:26,240 --> 00:26:28,200 That didn't do well enough, basically, 572 00:26:28,240 --> 00:26:31,240 and I don't have the time or money to make four more physical drops 573 00:26:31,280 --> 00:26:34,520 and products to grow this brand and sell it for a million. 574 00:26:34,560 --> 00:26:37,080 It's just not a scalable, realistic idea. 575 00:26:37,120 --> 00:26:39,840 It's not a business model that's gonna make me a million in 90 days. 576 00:26:40,920 --> 00:26:42,960 So I do have an idea. I've got another one. 577 00:26:43,000 --> 00:26:44,760 And it's something that I've learned, again, 578 00:26:44,800 --> 00:26:47,920 from consuming endless hustle culture, - 579 00:26:47,960 --> 00:26:49,720 all of these people have their own classes, 580 00:26:49,760 --> 00:26:52,320 educational classes that they sell 581 00:26:52,360 --> 00:26:53,640 in how to make money. 582 00:26:53,680 --> 00:26:56,160 Even people who don't have huge profiles and stuff 583 00:26:56,200 --> 00:26:58,720 are making money out of these, selling courses. 584 00:26:58,760 --> 00:27:00,440 I want to show you absolutely everything 585 00:27:00,480 --> 00:27:04,360 about how I've made over $10 million selling online courses. 586 00:27:04,400 --> 00:27:07,720 So what I think I will do is... is do my own one, 587 00:27:07,760 --> 00:27:11,040 is write a three-hour masterclass about how to make money 588 00:27:11,080 --> 00:27:12,400 and how to get rich. 589 00:27:12,440 --> 00:27:13,960 And the thing is with this is that, 590 00:27:14,000 --> 00:27:16,680 unlike drops, the sky is the limit. 591 00:27:16,720 --> 00:27:17,960 Like, I can do something once 592 00:27:18,000 --> 00:27:20,840 and then sell it for an unlimited amount of time. 593 00:27:20,880 --> 00:27:24,920 I can put it up for sale, ยฃ100 each, sell 10,000 - millionaire. 594 00:27:26,720 --> 00:27:28,480 We live in a world where the richest people 595 00:27:28,520 --> 00:27:29,800 or the most valuable companies 596 00:27:29,840 --> 00:27:32,600 are essentially just compelling ideas. 597 00:27:32,640 --> 00:27:34,360 Hello, my name is Oobah Butler. 598 00:27:34,400 --> 00:27:37,960 This is the trailer, the launch video for the masterclass, 599 00:27:38,000 --> 00:27:41,360 for Million Dollar Ideas, an instructional class. 600 00:27:41,400 --> 00:27:42,640 It's three hours long. 601 00:27:42,680 --> 00:27:44,960 I've hired a professional crew to shoot it... 602 00:27:46,240 --> 00:27:49,000 ..hired a venue, and I found actual students. 603 00:27:52,200 --> 00:27:53,480 I've had a website built, 604 00:27:53,520 --> 00:27:56,520 paid a third-party company to publish an article I've written, 605 00:27:56,560 --> 00:27:58,880 calling me a genius, on Forbes Georgia. 606 00:27:58,920 --> 00:28:02,280 Million Dollar Ideas: Sharing The Blueprint Of Success. 607 00:28:02,320 --> 00:28:05,560 It's published on Forbes Georgia, right? So this is the hack. 608 00:28:05,600 --> 00:28:08,200 So now I can say, "As featured in Forbes." 609 00:28:08,240 --> 00:28:10,160 I've created this stunt to promote the course, 610 00:28:10,200 --> 00:28:12,760 where I used actors to convince an actual art collector 611 00:28:12,800 --> 00:28:16,040 into bidding for a random stick from my brother's garden. 612 00:28:18,840 --> 00:28:23,760 You're all people who collect art, and I'm interested in the value. 613 00:28:23,800 --> 00:28:27,080 So I want to start at ยฃ100. 614 00:28:27,120 --> 00:28:30,120 200. 200? All right. 615 00:28:30,160 --> 00:28:33,160 200. 300. 300. 616 00:28:33,200 --> 00:28:34,600 That just makes me want it, you know? 617 00:28:34,640 --> 00:28:35,840 THEY LAUGH 618 00:28:35,880 --> 00:28:38,080 Can we have a 400? 400, 400. 400! 619 00:28:38,120 --> 00:28:39,200 Whoa! 620 00:28:39,240 --> 00:28:40,440 Anyone at 500? 621 00:28:42,360 --> 00:28:45,120 500. 500. Easy. 622 00:28:45,160 --> 00:28:46,400 GAVEL BANGS 623 00:28:46,440 --> 00:28:48,920 Sold. OK. So what you just participated in 624 00:28:48,960 --> 00:28:52,480 was a bit of a social experiment. Ari and Rebecca are actors. 625 00:28:52,520 --> 00:28:54,080 We're not going to take the ยฃ500. 626 00:28:54,120 --> 00:28:57,320 I think, as this goes on TV... Exactly. It's going to be worth it. 627 00:28:57,360 --> 00:28:59,160 ..it will have a value. It actually will have value. 628 00:28:59,200 --> 00:29:01,040 Do you want it? Of course. Yeah. 629 00:29:01,080 --> 00:29:03,080 I think that will do well when it comes out - 630 00:29:03,120 --> 00:29:05,560 "I sold a stick for ยฃ500." 631 00:29:05,600 --> 00:29:06,880 It's a good idea. 632 00:29:11,680 --> 00:29:14,880 The video is now... The stick video for the masterclass, the trailer, 633 00:29:14,920 --> 00:29:17,760 has now got two million views. 634 00:29:19,120 --> 00:29:20,520 Forbes. Stick. 635 00:29:21,640 --> 00:29:23,280 I genuinely think this might be it. 636 00:29:23,320 --> 00:29:24,600 I'm being serious here. 637 00:29:24,640 --> 00:29:29,440 Like, if 0.5% of the viewers buy the masterclass - 638 00:29:29,480 --> 00:29:32,720 like, not a big percentage - I'm a millionaire. 639 00:29:34,840 --> 00:29:35,840 I think... 640 00:29:37,920 --> 00:29:39,280 I think we're going to do it. 641 00:29:40,720 --> 00:29:45,160 OK, so, um...the Masterclass has been up for just over a day 642 00:29:45,200 --> 00:29:47,240 and, er...it had one sale. 643 00:29:49,320 --> 00:29:51,480 Another complete waste of time. 644 00:29:51,520 --> 00:29:53,240 There's more money in sticks. 645 00:29:53,280 --> 00:29:54,720 CHATTER AND LAUGHTER 646 00:29:54,760 --> 00:29:57,360 OOBAH BLOWS That's ยฃ5 down. 647 00:29:59,480 --> 00:30:01,080 I think I've got a lifeline. 648 00:30:01,120 --> 00:30:03,640 So Iqram has been back in touch, finally. 649 00:30:03,680 --> 00:30:07,800 I feel like it would be insane for me now to have the chance again, 650 00:30:07,840 --> 00:30:10,400 to be back in the room with Iqram and to just... 651 00:30:10,440 --> 00:30:12,760 ..not take up the opportunity. 652 00:30:12,800 --> 00:30:15,480 I think we've got to go. We've got to go back to New York. 653 00:30:16,640 --> 00:30:19,600 Hey, man. Yo. How's it going? Good to see you. Yo. 654 00:30:19,640 --> 00:30:22,480 LAUGHING: Sorry about the... No, man. How's it...? 655 00:30:22,520 --> 00:30:24,320 How you been? How you been? 656 00:30:24,360 --> 00:30:26,080 A lot of shit going on. 657 00:30:26,120 --> 00:30:28,000 I'm working on Jelly and all that stuff. 658 00:30:28,040 --> 00:30:29,200 Yeah, yeah. JellyJelly. 659 00:30:29,240 --> 00:30:31,000 I didn't mean to disappear like that. Don't be silly. 660 00:30:31,040 --> 00:30:34,000 But I'm glad we're here. so... Yeah. No, man, I appreciate it. 661 00:30:34,040 --> 00:30:35,960 I mean, now we've kind of run out of time on this show. 662 00:30:36,000 --> 00:30:37,400 We're supposed to make the million. 663 00:30:37,440 --> 00:30:38,840 What are you thinking? Like...? 664 00:30:38,880 --> 00:30:41,520 I think we're done. I think we're... I feel like it's... 665 00:30:41,560 --> 00:30:44,000 OK, look, we might be able to do something 666 00:30:44,040 --> 00:30:46,720 where I bring you to a couple of investors I know and be like, 667 00:30:46,760 --> 00:30:51,720 "You invest, like, a million bucks in Oobah for a percentage..." 668 00:30:51,760 --> 00:30:54,400 Takes 10% of... Of everything. 669 00:30:54,440 --> 00:30:57,440 We're selling... I'm your manager. "We're selling 10% of him." 670 00:30:57,480 --> 00:30:59,120 "We're selling..." Yeah, selling 10% of Oobah. 671 00:30:59,160 --> 00:31:01,680 So in that kind of deal, it's basically everything forever? 672 00:31:01,720 --> 00:31:03,240 Some people don't like it 673 00:31:03,280 --> 00:31:05,400 because it's like they feel like it owns your life. 674 00:31:05,440 --> 00:31:08,800 But we close this deal? Boom! A million. 675 00:31:08,840 --> 00:31:10,160 I'm in! Same! 676 00:31:10,200 --> 00:31:13,040 THEY LAUGH 677 00:31:14,200 --> 00:31:17,040 Exactly. Jelly owns 1% of you. Yeah, yeah. That's what we do. 678 00:31:17,080 --> 00:31:18,160 Sounds like a plan, man. 679 00:31:18,200 --> 00:31:19,920 Well, I think I might have just got a lifeline. 680 00:31:19,960 --> 00:31:24,120 We can do a deal that we sell off 10% of me 681 00:31:24,160 --> 00:31:26,520 for the rest of my life for a million. 682 00:31:26,560 --> 00:31:29,080 So I'd be a millionaire, and I wouldn't have fucked this up. 683 00:31:30,200 --> 00:31:33,400 Iqram's introducing me to a friend of his, creator Naz Daily, 684 00:31:33,440 --> 00:31:35,960 who he thinks might be interested in this deal. 685 00:31:36,000 --> 00:31:37,160 He wants to sell - 686 00:31:37,200 --> 00:31:41,000 auction off - 10% of him and his future earnings... Mm. 687 00:31:41,040 --> 00:31:42,320 for a million bucks. 688 00:31:42,360 --> 00:31:46,440 Forever. Forever? I may be interested in buying. Interesting. 689 00:31:46,480 --> 00:31:48,720 10% forever? No way you're serious about this. 690 00:31:48,760 --> 00:31:52,120 Why? What, you think that the valuation's too low? 691 00:31:52,160 --> 00:31:54,760 I mean, I think 20 years from now, you'll look back and be like, 692 00:31:54,800 --> 00:31:57,800 "I made the biggest, stupidest mistake of my life." Mm. 693 00:31:57,840 --> 00:32:00,080 I would...I would love to buy 1% of you. 694 00:32:00,120 --> 00:32:01,960 1%? Yeah. Interesting. 695 00:32:02,000 --> 00:32:04,320 It's 10% that's up for offer. No, but... 696 00:32:04,360 --> 00:32:06,320 Whoa, we have our first investor! 697 00:32:06,360 --> 00:32:08,840 It's multiple people, right? You think it's better as a round? 698 00:32:08,880 --> 00:32:11,160 No, no, it's a round. You can't do one person. That's not gonna work. 699 00:32:11,200 --> 00:32:12,720 Then it becomes true slavery. No, no. 700 00:32:12,760 --> 00:32:16,360 He wants to give you 100k and he wants, like, 10 million back. 701 00:32:16,400 --> 00:32:18,680 Yeah. No, I don't want ten million back. I just want to have fun. 702 00:32:18,720 --> 00:32:20,400 THEY LAUGH 703 00:32:20,440 --> 00:32:21,680 That's bullshit. 704 00:32:21,720 --> 00:32:23,160 THEY LAUGH HARDER 705 00:32:24,200 --> 00:32:25,920 Maybe I'll buy 0.5%. 706 00:32:25,960 --> 00:32:28,560 50,000. 50,000. 707 00:32:28,600 --> 00:32:30,760 I can get my team to start it. We'll just do a little group. 708 00:32:30,800 --> 00:32:32,720 Yeah, I'll start a group first. But, yeah, basically... 709 00:32:32,760 --> 00:32:33,880 Maybe this works? 710 00:32:33,920 --> 00:32:36,920 It's fucking crazy, man. That was fantastic. 711 00:32:36,960 --> 00:32:39,520 THEY HIGH FIVE Yes! I mean, it's happening! 712 00:32:39,560 --> 00:32:43,640 50,000's huge. But to hit my target, I need to move faster. 713 00:32:43,680 --> 00:32:45,480 So I'm arranging an event where I invite 714 00:32:45,520 --> 00:32:48,160 as many high-net-worth individuals as possible 715 00:32:48,200 --> 00:32:51,920 and we hold a live auction of me and my future earnings, 716 00:32:51,960 --> 00:32:53,720 hosted by Iqram. 717 00:32:55,680 --> 00:32:58,160 It's all going down in the JellyJelly world. 718 00:32:58,200 --> 00:33:00,280 Look at the value of the coin. Look. 719 00:33:00,320 --> 00:33:01,320 It's dead. 720 00:33:02,680 --> 00:33:04,000 "The backlash over the JellyJelly 721 00:33:04,040 --> 00:33:05,400 "coin has been hilarious to watch." 722 00:33:05,440 --> 00:33:06,480 "Rugged by billionaires." 723 00:33:06,520 --> 00:33:07,600 Another person - 724 00:33:07,640 --> 00:33:08,800 "Absolutely rugged everyone. 725 00:33:08,840 --> 00:33:09,840 "Jail them." 726 00:33:09,880 --> 00:33:12,240 "..justify to the FBI the withdrawal 727 00:33:12,280 --> 00:33:15,000 "of 250 million in 24 hours." 728 00:33:15,040 --> 00:33:16,520 Then Iqram's come out and been like, 729 00:33:16,560 --> 00:33:19,480 "This is not a pump and dump thing. #jellyjelly." 730 00:33:20,760 --> 00:33:23,920 Maybe it was good that I didn't get involved with this. 731 00:33:24,960 --> 00:33:27,640 Sunday. 10% of me on the table. 732 00:33:27,680 --> 00:33:29,480 A live round of investing. 733 00:33:29,520 --> 00:33:30,840 So it's happening. Yeah! 734 00:33:30,880 --> 00:33:33,000 I saw this go crazy online. 735 00:33:33,040 --> 00:33:34,800 What, the Jelly coin? The Jelly coin, yeah, yeah. 736 00:33:34,840 --> 00:33:36,840 What the hell is happening? Yo, it was insane, man. 737 00:33:36,880 --> 00:33:40,760 This shit went from 0 to a $250 million market cap 738 00:33:40,800 --> 00:33:41,920 in two hours. 739 00:33:41,960 --> 00:33:43,840 Did you make a load of money? 740 00:33:43,880 --> 00:33:46,480 Well, everything is held. We're holding everything. So... 741 00:33:47,560 --> 00:33:51,560 So that...? I have to be clear - no-one on the Jelly team 742 00:33:51,600 --> 00:33:55,240 is doing what's called rug-pulling. Right. This is long-term. Yeah. 743 00:33:59,200 --> 00:34:01,160 Oh! Missed the easy one. 744 00:34:01,200 --> 00:34:03,280 Good game. Good game. Lovely game. Good game, man. 745 00:34:03,320 --> 00:34:05,800 Whew! Got to take a little break? 746 00:34:05,840 --> 00:34:07,800 Eh? Heh. All done. 747 00:34:07,840 --> 00:34:10,080 If I was Iqram, and a load of people on the internet 748 00:34:10,120 --> 00:34:12,320 were calling for me to go to prison, 749 00:34:12,360 --> 00:34:14,680 I, like, wouldn't be, like, bragging 750 00:34:14,720 --> 00:34:18,080 and talking about how much money the coins made. 751 00:34:18,120 --> 00:34:21,480 It went from 0 to 250 million in less than two hours. 752 00:34:21,520 --> 00:34:22,560 Super viral! 753 00:34:22,600 --> 00:34:24,760 There's something admirable about him, in a way. 754 00:34:24,800 --> 00:34:28,960 The way that everything that happens to him, he just spins as a win. 755 00:34:29,000 --> 00:34:30,080 Maybe that's the pitch. 756 00:34:30,120 --> 00:34:35,360 Like, everything that's happened to me, I just claim it to be a win. 757 00:34:35,400 --> 00:34:38,280 Thank you for coming. This is my mentor, Iqram. 758 00:34:38,320 --> 00:34:40,520 Million Dollar Ideas, my educational platform... 759 00:34:40,560 --> 00:34:42,520 This might be a bad idea. 760 00:34:42,560 --> 00:34:44,480 Do I really want to give 10% 761 00:34:44,520 --> 00:34:47,160 of everything I'll ever make to somebody? 762 00:34:47,200 --> 00:34:49,760 Do I really want to spend the rest of my life 763 00:34:49,800 --> 00:34:52,200 working with someone I've never met before? 764 00:34:52,240 --> 00:34:55,560 Yeah, I definitely wouldn't be doing this if it wasn't for the challenge 765 00:34:55,600 --> 00:34:58,360 and the time and the constraint and the pressure. 766 00:34:59,560 --> 00:35:01,440 There's a handful of investors come in. 767 00:35:01,480 --> 00:35:04,320 It's a small group of 30, 40 people, 768 00:35:04,360 --> 00:35:06,200 and they're going to have the opportunity today 769 00:35:06,240 --> 00:35:09,480 to buy 10% of me for a million. 770 00:35:09,520 --> 00:35:10,680 That is the offer. 771 00:35:10,720 --> 00:35:13,000 Do you take Apple Pay? THEY LAUGH 772 00:35:13,040 --> 00:35:16,480 Isn't the Venmo guy here? Yeah. Yeah, he's right there. 773 00:35:16,520 --> 00:35:18,560 If he doesn't hit a million, there's no round. 774 00:35:18,600 --> 00:35:20,160 I'll only accept the full million. 775 00:35:20,200 --> 00:35:21,800 Everything else means I'm giving away 776 00:35:21,840 --> 00:35:24,440 a piece of my life forever for not enough money. 777 00:35:24,480 --> 00:35:28,000 Today is the last chance, really. 778 00:35:28,040 --> 00:35:29,320 Can everyone hear me? 779 00:35:29,360 --> 00:35:31,160 Yeah! Right, welcome. 780 00:35:31,200 --> 00:35:34,200 This is all going to be slightly weird, and, um... 781 00:35:34,240 --> 00:35:36,760 Right, Iqram, come up! 782 00:35:36,800 --> 00:35:39,360 Come on, everyone. All right. APPLAUSE SLOWLY BUILDS 783 00:35:39,400 --> 00:35:40,400 IQRAM CHUCKLES 784 00:35:40,440 --> 00:35:44,200 So first, I was told to offer some credibility to what we're doing. 785 00:35:44,240 --> 00:35:47,640 I started Venmo, and some of the things I've learned 786 00:35:47,680 --> 00:35:50,280 is you gotta do something crazy in order to build something big, 787 00:35:50,320 --> 00:35:53,600 so just working with him, I've seen how things can go viral, 788 00:35:53,640 --> 00:35:57,000 and he's going to be like the next MrBeast, you know? 789 00:35:57,040 --> 00:36:01,440 A creator that's capable of building a multibillion-dollar empire. 790 00:36:01,480 --> 00:36:05,480 I've got a soft commitment from Nuseir, from Naz Daily - 791 00:36:05,520 --> 00:36:07,440 he's going to put in the first 50k. 792 00:36:07,480 --> 00:36:09,640 So, Oobah, without further ado... Thank you. 793 00:36:09,680 --> 00:36:11,720 APPLAUSE 794 00:36:11,760 --> 00:36:15,720 Yeah. So my name is Oobah Butler, and I want to make a million. 795 00:36:15,760 --> 00:36:18,560 Million Dollar Ideas. Forbes covered it. 796 00:36:18,600 --> 00:36:20,080 This brand called UNFK. 797 00:36:20,120 --> 00:36:23,480 We sold out the run, so it was a complete success. 798 00:36:23,520 --> 00:36:26,080 The product...is me. 799 00:36:26,120 --> 00:36:29,760 I'm going to auction off 10% of me with a reserve of a million. 800 00:36:29,800 --> 00:36:31,000 That's the opportunity. 801 00:36:31,040 --> 00:36:33,320 Whoever the hell wants to come in on this thing... 802 00:36:35,120 --> 00:36:38,320 Anyone got any questions about how this works? Like...? Go ahead. 803 00:36:53,400 --> 00:36:55,760 Well, let's not hope for that. THEY CHUCKLE 804 00:36:57,000 --> 00:36:59,560 I'm assuming we'll have a "return the money" clause or something. 805 00:37:05,080 --> 00:37:06,960 I mean, I'm worth more dead than alive at the moment. 806 00:37:07,000 --> 00:37:08,200 LAUGHTER Jesus. 807 00:37:08,240 --> 00:37:11,400 I'm telling you now, no-one has ever done this before. 808 00:37:13,600 --> 00:37:15,640 Oh, do we...? Whoa, whoa, whoa, do we have a bidder?! 809 00:37:15,680 --> 00:37:18,000 LAUGHING: I think... Hold on a second. Wait, wait. 810 00:37:18,040 --> 00:37:20,120 Do we have our first bidder? 811 00:37:20,160 --> 00:37:23,240 What's the offer here? We... Don't accept anything yet. 812 00:37:23,400 --> 00:37:25,200 Whoa, whoa, whoa, do we have a bidder?! 813 00:37:25,240 --> 00:37:27,160 LAUGHING: I think... Hold on a second. Wait, wait. 814 00:37:27,200 --> 00:37:29,360 Do we have our first bidder? 815 00:37:29,400 --> 00:37:32,360 What's the offer here? We... Don't accept anything yet. 816 00:37:32,400 --> 00:37:35,200 Personally? Yeah. Give us something. 817 00:37:35,240 --> 00:37:37,480 All right. We have our first 50, ladies and gentlemen. 818 00:37:37,520 --> 00:37:39,960 In for 50 grand right there. 819 00:37:50,480 --> 00:37:52,560 I should say as well... By the way, just so you all know, 820 00:37:52,600 --> 00:37:54,280 I'm not getting involved in any rug pulls. 821 00:37:54,320 --> 00:37:56,320 You know, my reputation is... You know. 822 00:37:59,120 --> 00:38:02,120 So I have the rare opportunity of being an adviser. So I... 823 00:38:03,840 --> 00:38:05,200 I haven't written a cheque. 824 00:38:08,840 --> 00:38:09,840 100k? Yeah. 825 00:38:11,520 --> 00:38:12,640 I'll consider it. 826 00:38:13,960 --> 00:38:16,680 OK. He's in, he's in. 100k. Yeah, for real. 827 00:38:18,160 --> 00:38:19,160 We got 100k. 828 00:38:21,040 --> 00:38:23,040 As soon as this round closes, it closes. 829 00:38:23,080 --> 00:38:25,240 And if we don't hit a million, it dies. 830 00:38:25,280 --> 00:38:26,760 Is there anyone else who wants to come in 831 00:38:26,800 --> 00:38:28,480 on the round of buying 10% of me? 832 00:38:30,960 --> 00:38:31,960 Going once. 833 00:38:33,280 --> 00:38:35,120 Twice. 834 00:38:35,160 --> 00:38:37,520 Three times. OK. You've raised... 200. 835 00:38:37,560 --> 00:38:39,320 Oh, is it...is it not gone? 836 00:38:39,360 --> 00:38:40,840 It's gone, it's gone. That's it. 837 00:38:42,080 --> 00:38:44,320 Thank you very much, guys. I appreciate it. 838 00:38:48,840 --> 00:38:50,960 Give it up for Oobah. It takes balls to... 839 00:38:51,000 --> 00:38:54,440 WHOOPING AND APPLAUSE DROWNS SPEECH 840 00:38:54,480 --> 00:38:56,320 CHATTER 841 00:38:57,440 --> 00:39:02,000 We raised 200,000, so it failed. We failed. 842 00:39:02,040 --> 00:39:03,360 That was humiliating. 843 00:39:04,560 --> 00:39:06,640 Er...I'm kind of done. 844 00:39:06,680 --> 00:39:08,880 I don't want to play the game any more. 845 00:39:08,920 --> 00:39:11,400 I want out, you know? 846 00:39:11,440 --> 00:39:13,120 I mean, this was fantastic. 847 00:39:13,160 --> 00:39:14,440 Yeah, it was great. 848 00:39:14,480 --> 00:39:16,760 We're going to look back at this two or three years from now 849 00:39:16,800 --> 00:39:19,040 and safely say we've created 850 00:39:19,080 --> 00:39:21,680 the next fucking Gwyneth Paltrow, MrBeast. Yeah, yeah, yeah. 851 00:39:21,720 --> 00:39:24,520 Like, this kind of shit fuelled... Yeah, totally. Does it fuel you? 852 00:39:24,560 --> 00:39:25,920 Yeah, totally. I'm like, "Yo, fuck it. 853 00:39:25,960 --> 00:39:28,080 "I made Venmo. What are you fucking talking about?" 854 00:39:42,560 --> 00:39:43,720 And then... 855 00:39:43,760 --> 00:39:44,880 ..a lifeline. 856 00:39:44,920 --> 00:39:46,480 All right, let's get to Miami. 857 00:39:48,760 --> 00:39:51,440 So it's 4:19 in the morning. 858 00:39:51,480 --> 00:39:54,520 I'm going to Miami to try and get a million. 859 00:39:56,360 --> 00:39:57,800 This is one last roll of the dice, 860 00:39:57,840 --> 00:40:00,640 and there's an investor who's legitimately interested. 861 00:40:00,680 --> 00:40:03,000 So one of the people who wasn't able to make the auction, 862 00:40:03,040 --> 00:40:05,320 crypto hedge fund manager Kavita Gupta, 863 00:40:05,360 --> 00:40:07,640 got in touch and wants to meet in Miami. 864 00:40:07,680 --> 00:40:10,440 She's got $500 million at her disposal. 865 00:40:10,480 --> 00:40:12,520 She told me she could be in for the full million. 866 00:40:12,560 --> 00:40:14,400 But I'm worried that she's also going to ask me 867 00:40:14,440 --> 00:40:15,760 to make a meme coin with her. 868 00:40:15,800 --> 00:40:19,320 If she signs this paper, then, er...I'm a millionaire. 869 00:40:23,360 --> 00:40:25,240 Hello! Hello. 870 00:40:25,280 --> 00:40:26,680 You're always on the television. 871 00:40:26,720 --> 00:40:30,720 I don't know. Like, Trump is just pumping crypto like crazy. 872 00:40:30,760 --> 00:40:32,920 They only find only one brown woman to talk about it! 873 00:40:32,960 --> 00:40:33,960 THEY LAUGH 874 00:40:34,000 --> 00:40:36,080 Oh, I should wear a watch, at least. 875 00:40:36,120 --> 00:40:38,120 My mum, anyways, always has a problem 876 00:40:38,160 --> 00:40:40,080 that I don't look rich enough for her. 877 00:40:40,120 --> 00:40:41,480 OOBAH LAUGHS 878 00:40:41,520 --> 00:40:42,960 She thinks I look poor. 879 00:40:43,000 --> 00:40:45,200 I pitched Kavita what I'd offered at the auction - 880 00:40:45,240 --> 00:40:47,720 10% of my business and all my future earnings 881 00:40:47,760 --> 00:40:49,640 in exchange for ยฃ1 million. 882 00:40:49,680 --> 00:40:53,720 This whole thing for me has been about making a million. OK. 883 00:40:53,760 --> 00:40:56,560 And you said earlier, "Why not a billion?" 884 00:40:56,600 --> 00:40:58,600 Yeah. I mean, I said, "Why not billion?" 885 00:40:58,640 --> 00:41:01,680 If you're making a million, that's easy. 886 00:41:01,720 --> 00:41:03,920 But maybe it's easy in my world, I don't know, 887 00:41:03,960 --> 00:41:05,640 because if you would have come to me first, 888 00:41:05,680 --> 00:41:08,320 we would have already done a meme coin. 889 00:41:08,360 --> 00:41:12,120 It is a fad. Like, I would be the first one to say, like, "NFTs"... 890 00:41:12,160 --> 00:41:16,880 Yeah, yeah. ..because I don't know any real use case of meme coin. 891 00:41:16,920 --> 00:41:20,360 But if you have followers, if you have interaction 892 00:41:20,400 --> 00:41:23,760 and real incentives for people to be part of your community, 893 00:41:23,800 --> 00:41:24,960 it's very simple. 894 00:41:25,000 --> 00:41:27,120 Oobah meme coin has to be part of it. 895 00:41:27,160 --> 00:41:29,960 What do you predict that, in ten years, 896 00:41:30,000 --> 00:41:32,080 the valuation of this whole structure could be? 897 00:41:32,120 --> 00:41:33,600 Your best-case scenario, 898 00:41:33,640 --> 00:41:37,960 definitely anywhere between $5 billion to $10 billion valuation. 899 00:41:38,000 --> 00:41:41,080 Mm. So this is a no-brainer, then. 900 00:41:41,120 --> 00:41:42,680 KAVITA LAUGHS 901 00:41:42,720 --> 00:41:44,400 So do you think you're in? 902 00:41:46,760 --> 00:41:48,840 Let's do it. Seriously? 903 00:41:48,880 --> 00:41:51,760 Let's do it. LAUGHING: OK, fine! Let's do it. 904 00:41:53,280 --> 00:41:54,360 Amazing. 905 00:41:54,400 --> 00:41:56,000 THEY LAUGH 906 00:41:56,040 --> 00:41:58,200 OK. So I get 10% of you. 907 00:41:58,240 --> 00:42:00,480 So my lawyer put it together. It's just a letter of... 908 00:42:00,520 --> 00:42:02,680 I'm ready. Like, a letter of intent. 909 00:42:02,720 --> 00:42:04,000 With my lucky pen. 910 00:42:08,440 --> 00:42:10,120 Oh, my God, we're doing this. 911 00:42:11,880 --> 00:42:13,600 DRINKWARE CLINKS Cheers!Cheers! 912 00:42:16,560 --> 00:42:18,080 I think I just... 913 00:42:18,120 --> 00:42:19,280 I made a million. 914 00:42:22,040 --> 00:42:24,560 So mad, isn't it? So fucking mad. 915 00:42:25,960 --> 00:42:29,960 The trials and tribulations of this whole thing, and then... 916 00:42:31,120 --> 00:42:33,520 ..flip of a coin, a couple of lucky rolls, 917 00:42:33,560 --> 00:42:35,960 and all of a sudden you're stood on a balcony in Miami 918 00:42:36,000 --> 00:42:38,120 and you've got a million. ยฃ1 million. 919 00:42:40,240 --> 00:42:42,680 It just doesn't feel real to me. The whole thing doesn't feel real. 920 00:42:42,720 --> 00:42:46,680 It just feels like a kind of game and...I'm at the end of something. 921 00:42:46,720 --> 00:42:48,520 But, really, truly what I've just agreed to 922 00:42:48,560 --> 00:42:50,800 is just the start, isn't it, really? 923 00:42:52,720 --> 00:42:54,840 I'm probably the most sour-faced person 924 00:42:54,880 --> 00:42:57,480 who's just made ยฃ1 million that you've ever heard. 925 00:42:57,520 --> 00:42:59,040 I just don't... It doesn't feel real to me. 926 00:42:59,080 --> 00:43:00,680 That's why I'm so... Do you know what I mean? 927 00:43:00,720 --> 00:43:02,800 I just feel a bit, like... 928 00:43:02,840 --> 00:43:05,480 Sea air - this is really nice - blowing, 929 00:43:05,520 --> 00:43:07,800 and I'm, like, just allowing my... 930 00:43:08,840 --> 00:43:10,800 ..allowing myself to just take a breath 931 00:43:10,840 --> 00:43:12,600 for the first time in a while. 932 00:43:12,640 --> 00:43:16,840 FAINT MUSIC PLAYS UNDER BREEZE 933 00:43:19,520 --> 00:43:21,000 The meme coin idea? 934 00:43:21,040 --> 00:43:25,440 Yeah, I mean, she seems to think we can make a lot of money doing it, 935 00:43:25,480 --> 00:43:27,160 and I don't know. 936 00:43:28,840 --> 00:43:30,920 I mean, wouldn't I be an absolute numpty 937 00:43:30,960 --> 00:43:34,520 not to be blown a little bit by that? Come on. 938 00:43:36,120 --> 00:43:39,040 My problem with meme coins is that, ultimately, 939 00:43:39,080 --> 00:43:41,840 it's people at the end of it who can be exploited 940 00:43:41,880 --> 00:43:45,080 based upon things that I've said in bad faith. 941 00:43:46,920 --> 00:43:48,760 And that's what happened with Mum and Dad 942 00:43:48,800 --> 00:43:50,800 in that pyramid scheme in the '90s. 943 00:43:50,840 --> 00:43:53,480 They were sold a dream and then exploited. 944 00:43:53,520 --> 00:43:54,600 It ruined them. 945 00:43:55,640 --> 00:43:57,440 It's something I feel vehemently against 946 00:43:57,480 --> 00:43:59,400 and I don't want to do, 947 00:43:59,440 --> 00:44:02,840 but, my God, that's a lot more money than I thought would be in it. 948 00:44:05,200 --> 00:44:07,000 Dad. 949 00:44:07,040 --> 00:44:08,120 How's it going? 950 00:44:10,560 --> 00:44:13,600 I did it. I'm a millionaire. 951 00:44:13,640 --> 00:44:17,160 Can you tell me about what happened with the pyramid scheme? 952 00:44:17,200 --> 00:44:18,680 You get drawn in 953 00:44:18,720 --> 00:44:21,920 on the back of people who've been successful in the business - 954 00:44:21,960 --> 00:44:26,600 or purported to be successful - when in reality, as I found, 955 00:44:26,640 --> 00:44:30,440 weren't making hardly any money whatsoever. 956 00:44:30,480 --> 00:44:33,080 Then, slowly, as it starts to not work, 957 00:44:33,120 --> 00:44:36,360 you think, "I just can't afford to keep going in this any more." 958 00:44:36,400 --> 00:44:39,360 Then you're left with this... It's just a massive hole. 959 00:44:39,400 --> 00:44:43,600 You couldn't make it work, and if you had to make it work, 960 00:44:43,640 --> 00:44:46,320 you were going to have to rip people off. Right. 961 00:44:46,360 --> 00:44:49,840 Sell somebody a dream and then just milk them. 962 00:44:49,880 --> 00:44:54,480 Keep the treadmill going, the conveyor belt of losers. 963 00:44:54,520 --> 00:44:56,280 That comes easy to some people, 964 00:44:56,320 --> 00:45:00,000 but I think to the majority of people, it doesn't. 965 00:45:00,040 --> 00:45:02,880 Yeah. And then afterwards, 966 00:45:02,920 --> 00:45:06,320 the underlying current of deception - 967 00:45:06,360 --> 00:45:08,040 it still hurts now. 968 00:45:09,480 --> 00:45:10,720 All right. Love you, Dad. 969 00:45:12,520 --> 00:45:13,800 I told Kavita I was out. 970 00:45:15,240 --> 00:45:16,480 Over the course of 90 days, 971 00:45:16,520 --> 00:45:18,800 I hadn't made the million that I'd promised Channel 4. 972 00:45:20,520 --> 00:45:21,520 I'd made more. 973 00:45:22,920 --> 00:45:25,720 You see, throughout this process, I kept thinking, 974 00:45:25,760 --> 00:45:27,840 "This can't be how the ultra wealthy do it." 975 00:45:27,880 --> 00:45:31,800 And it turns out they're operating in a different universe. 976 00:45:31,840 --> 00:45:33,960 They don't make money like the rest of us. 977 00:45:34,000 --> 00:45:37,480 They build value and then borrow against it. 978 00:45:37,520 --> 00:45:39,800 Loans are the secret weapon of the super-rich. 979 00:45:39,840 --> 00:45:42,400 Not loans like a mortgage or a payday loan - 980 00:45:42,440 --> 00:45:45,640 these loans have absurdly low interest. 981 00:45:45,680 --> 00:45:48,600 And the thing is, they're not even taxed as income. 982 00:45:48,640 --> 00:45:51,000 Look, if I'd have earned ยฃ1 million in 90 days, 983 00:45:51,040 --> 00:45:55,320 I'd have had to have given ยฃ450,000 straight to the taxman. 984 00:45:55,360 --> 00:45:57,520 But if I'd have got one of these types of loans, 985 00:45:57,560 --> 00:45:58,960 I could play with all of it. 986 00:45:59,000 --> 00:46:01,280 I could buy cars, properties, 987 00:46:01,320 --> 00:46:03,200 social media platforms. 988 00:46:03,240 --> 00:46:04,800 These loans are gatekept 989 00:46:04,840 --> 00:46:06,360 for a select few. 990 00:46:06,400 --> 00:46:08,240 They're not just available to anybody. 991 00:46:08,280 --> 00:46:10,880 You have to convince lenders you're worthy of them. 992 00:46:10,920 --> 00:46:12,720 One approach is to lie. 993 00:46:12,760 --> 00:46:16,080 Mr Trump intentionally misvalued his asset 994 00:46:16,120 --> 00:46:18,840 for the purposes of increasing his net worth 995 00:46:18,880 --> 00:46:22,240 and inducing banks to offer more favourable terms. 996 00:46:22,280 --> 00:46:25,480 But I can't break the law, so I needed another strategy. 997 00:46:25,520 --> 00:46:29,160 Get a genuine offer, use that to establish my value... 998 00:46:29,200 --> 00:46:33,000 If I had an offer... Yeah? ..for a percentage of my business 999 00:46:33,040 --> 00:46:35,680 and I turned down a million for that, 1000 00:46:35,720 --> 00:46:36,880 what am I worth, then? 1001 00:46:36,920 --> 00:46:38,560 You're worth 10x, at least. 1002 00:46:38,600 --> 00:46:40,320 ..and then take that to the bank. 1003 00:46:40,360 --> 00:46:42,240 You work on Wall Street. 1004 00:46:42,280 --> 00:46:43,600 MASKED VOICE: I do work on Wall Street. 1005 00:46:43,640 --> 00:46:45,520 I raise millions of dollars for companies 1006 00:46:45,560 --> 00:46:46,880 in the public and private markets. 1007 00:46:46,920 --> 00:46:48,680 To you, what does it mean that I've had that offer, 1008 00:46:48,720 --> 00:46:51,360 in terms of your willingness to lend me money? 1009 00:46:51,400 --> 00:46:54,400 Well, it helps a lot. It gives me some level of clarity, 1010 00:46:54,440 --> 00:46:56,400 in that there is someone else in the room 1011 00:46:56,440 --> 00:46:59,360 that would give you that amount of value. 1012 00:46:59,400 --> 00:47:02,880 At $1 million at 10%, your valued at $10 million. 1013 00:47:02,920 --> 00:47:04,840 Given that you have a third party 1014 00:47:04,880 --> 00:47:08,040 that has valued you at this amount from a reputable source, 1015 00:47:08,080 --> 00:47:11,000 then, yeah, I would be comfortable with 80% loan-to-value. 1016 00:47:11,040 --> 00:47:13,200 So I would give you $8 million in loan. 1017 00:47:13,240 --> 00:47:15,760 There is a process that we have to go through, 1018 00:47:15,800 --> 00:47:17,600 but that wouldn't take any more than two weeks. 1019 00:47:17,640 --> 00:47:21,920 90 days ago, a high street bank wouldn't lend me a single pound 1020 00:47:21,960 --> 00:47:23,680 towards a business loan. 1021 00:47:23,720 --> 00:47:24,760 Eight million. 1022 00:47:24,800 --> 00:47:29,920 Now? I can get access to ยฃ8 million from Wall Street within two weeks, 1023 00:47:29,960 --> 00:47:32,960 and finally I'm off the conveyor belt of losers. 1024 00:47:33,000 --> 00:47:34,080 I've joined the club. 1025 00:47:39,520 --> 00:47:41,520 MUSIC: Showtime by Valentino 1026 00:47:50,240 --> 00:47:53,240 Subtitles by Red Bee Media 78383

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