Sage Summit Day 2: Wisdom From Shark Tank & Hollywood

sage summit day 2

Day 2 of Sage Summit 2016 had a lot of expectations to live up to following Richard Branson dropping some major wisdom bombs on day one. Thankfully the lineup of speakers was stacked as Gwyneth Paltrow and Zooey Deschanel kicked things off and they were followed a few hours later by Shark Tank judges (among other things) Daymond John and Robert Herjavec.

Like I did yesterday, here are the best quotes, takeaways, and nuggets of wisdom from Sage Summit Day 2.

Daymond John & Robert Herjavec conversation (Note- if there’s a “d” next to a quote it’s from Daymond, an “r” from Robert):

daymond john robert herjavec sage summit

  • Sink or swim moments are what separate the best from the rest
  • Responsibility must not be given, it’s taken – d
  • Failure is part of the process – d
  • Purpose comes from two things: Being driven and you know it or Pain -r
  • Wondering why you are not growing? Leverage. If you are doing everything yourself you’ll stay small. You need a great team that compliments your skills -r
  • Be great at one thing. The world doesn’t reward mediocrity -r
  • Knowing what you don’t know is the key to finding great people -r
  • Culture always triumphs strategy -r
  • (When talking about his employees) Have a time to check in, but not a time to check out -d
  • Your skills come directly from your desire. You’ll make an excuse if you want to -r
  • It’s all about sales. Anyone can learn it -r
  • Power of Broke: You don’t need money to make money – d
  • Sell what is in it for the person you are trying to sell to. Care about their objectives -d
  • Become the person others want to know one day -r
  • Money is not the stumbling block to success. Lack of creativity and sales is -r
  • Any business that needs money to survive is in trouble. He wants to invest in a company where money helps accelerate growth -r
  • Take affordable steps (as an entrepreneur) -d
  • You determine the direction in which your life timeline goes (negative or positive) -r
  • You can always control how you react to life -r
  • Your business is a living breathing thing. You’ll just find a way to make things happen -r
  • Know what you are willing to gamble in business (ex playing blackjack analogy)
  • Write a list of what I love and hate to do. Outsource the things I hate to do -d (something that Barbara Corcoran taught him)
  • I have to do the things I don’t want to, to have the privelage to do the things I want to -r
  • (When trying to get funding. How will this dollar help your biz grow?) Have a way that the money will accelerate the business  -r
  • (When talking about trying to raise capital) What is in it for the investor? -d
  • What do I have that I am taking for granted? How do I tap into my relationship capital? -d
  • You can never afford to lose any of your assets -d
  • Be great. You have one life, one chance, make the most of it. Don’t be a spectator in life. Execute. Dreams and desire are cheap. Execution is hard. Do it. -r
  • Check out the book Start With Why by Simon Sinek

Gwyneth Paltrow & Zooey Deschanel conversation (Note – if there’s a “g” it’s from Gwyneth, a “z” for Zooey):

gwyneth paltrow zooey deschanel sage summit 2016

  • Connect people creatively and create a positive community -z
  • Post monetization is where the challenges started. It was a conscious career change and all the responsibility that comes with it -g
  • She wanted that instant connectivity that she can get with an online business -z
  • (When talking about an online business) You can communicate your thoughts directly to the audience -g
  • I wanted to create a safe positive place where people can express themselves -z
  • You are only so good as the people u work with -z
  • Partnerships are fundamental to everything they do at Goop -g
  • We love to work with brands we use and love in our lives -g
  • It was challenging to grow the business without sacrificing their mission -z
  • Spread the positive message -z
  • Go with your gut, it’s probably right. Be yourself. Customers will thank you for that -z
  • Self belief is everything. Unwavering -g
  • Know in your bones that you have the vision and hold it tight. Where you look is where you go -g
  • Take disappointments with as much grace as you can -g

I’ve got to give another shout out to Graham and Mark from The Startup Van. Greg Hunter and I were able to chop up shop and lay down some thoughts with them in the van and it was a blast. Definitely go check out what they’ve got going on.

I’ve been snapping from Sage Summit all week so make sure to follow @baconsports for a behind the scenes look at the awesomeness that’s going down. There was an insane amount of awesomeness today so I had to break the journey down into two parts:

Part 1: awesomeness from Sage Summit.

Part 2: The Killers rocking out. #thepartyneverstops

sage summit 2016

If you missed my recaps from the other two days of Sage Summit you can check them out here:

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