Multi-Billionaire Marc Lore on How to Find Your Big Opportunity | Impact Theory
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- Опубликовано: 31 май 2024
- Founder of both Diapers.com and Jet.com, and now CEO of Walmart eCommerce, Marc Lore has had a success streak that is astonishing by any standard. Fortunately for everyone else, he is more than happy to share the habits, mindset and traits that have allowed him to become so accomplished.
On this episode of Impact Theory with Tom Bilyeu, serial entrepreneur and multi-billionaire Marc Lore explains how to raise capital when you are just starting out, how to hire and lead employees, and how to make progress towards your goals no matter what you are right now.
SHOW NOTES:
Marc credits his attitude of “billions or body bags” with his success [2:26]
Tom and Marc discuss having your back against the wall and being aggressive [5:16]
Marc hires self-motivated people and then makes sure he doesn’t micromanage them [7:55]
Marc looks for traits instead of experience for start-up companies [8:58]
Never ask a question in an interview that someone could have prepared for [10:52]
People who went to really good schools have a hard time taking risk [14:15]
Marc shares the story of applying to a business school he had almost no chance at [15:48]
Marc never accepts that something is impossible unless it literally has a 0% probability [18:48]
Marc believes that you are born and raised with some traits, but most can be developed [20:19]
Marc focuses on caring, kindness and empathy when raising his kids [22:27]
When Marc was a kid he was quite entrepreneurial, and got into stocks at 10 years old [23:26]
Marc talks about why his first investors were willing to take a risk on him [26:21]
Tom and Marc discuss how to help someone build desire [27:48]
Marc explains how he deals with doubters [31:04]
Great execution is better than great ideas [33:35]
The way to deal with failure is not to dwell on it, but be objective about progress [35:49]
People want to be understood, and empathy is the most important leadership quality [37:23]
Entrepreneurs should be thinking about vision, capital and people over 80% of the time [39:18]
For core values to be core, there have to be 3 or less [41:29]
Marc shows how he raised money in the beginning [43:18]
Marc shares the impact he wants to have on the world [46:23]
QUOTES:
“I’m not gonna accept that it can’t be done unless somebody proves that it’s a zero probability...And it’s typically the stuff that’s really close to zero--nobody else is touching--that’s where the big opportunities are.” [18:50]
“Every time somebody says something can’t be done, there’s also a part of me that gets a little bit excited.” [32:13]
“Today’s today. What’s the biggest step you can take today, towards your vision? How do you make the most progress towards the vision, today?” [35:10]
FOLLOW Marc:
TWITTER: bit.ly/2PJmaXU 
Развлечения
We read news in the media that doom and gloom is coming and we just accept it, doom and gloom doesn’t always have to be coming, I’ve read numerous success stories of people that are pulling off tremendous gains of up to $250K within weeks in this crazy market and I just want to learn how to achieve such figures.
Since the crash, I've been in the red. I’m playing the long term game, so I'm not too worried but Jim Cramer mentioned there are still a lot of great opportunities, though stocks has been down a lot. I also heard news of a guy that made $250k from about $110k since the crash and I would really look to know how to go about this.
There are actually a lot of ways to make high yields in a crisis, but such trades are best done under the supervision of Financial advisor.
Thats true, I've been getting assisted by a FA for almost a year now, I started out with less than $200K and I'm just $19,000 short of half a million in profit.
@@kenanporubsky2122 Impressive! can you share more info?
@@lipglosskitten2610 My advisor is ‘’Christine Jane Mclean’’ she’s highly qualified and experienced in the financial market. She has extensive knowledge of portfolio diversity and is considered an expert in the field. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market
The fact that Tom secures these high-level interviews and provides them for free is incredible.
Thank you!! Another excellent interview! 💯
The in-person interviews are 1,000 times better! Glad they are back!
Marc Lore is the realest. Self belief, accountability, and.... oh yeah.... Billions or Bodybags! 👊🏼
This is one of the best Impact Theory interviews of all time. This dude really hones in on the idea of you just gotta put in the work. Plus just his general demeanor is so calm and pleasant!
Thank you Tom bringing these studio interviews back.
Perfectly timed info for me. Im in the middle of a capital raise, half a million. Feeling encouraged after watching this as I push it through to the finish line!!
I was introduced to Tom Bilyeau and Impact Theory from a friend two years ago right after our mutual friend passed away. It has been such a positive impact on my life! Some of the conversations and book recommendations are priceless. Cheers to Tom and the Impact Theory family😁
02:49 Im willing to do whatever it takes, like creating a situation where it feels like life or death.
03:33 i figure out a way to put myself in a position where i cant not work. - eg: i put all the money i had on the line so i had to go all in.
Hey Tom! Great interview. Thank you so much. Just so you know...When you said your life is predicated in the belief that when something is said - someone out there listening/watching will completely change their paradigm - that has happened multiple times to me from learning from your show. I just wanted to let you know I appreciate you and this show is changing lives! I can’t wait to be on it one day 💥🙏🏼❤️ Much love, Steve.
I second this.
One of the best episodes! Thanks for posting this! Extremely helpful insights
Great questions Tom! Calling him out on his interview process was great. He's just speaking in ideals and generalities to sound more impressive.
Tom casually coming out the cat walk like the Chinese fashion street wear
awkward
I loved the shirt and shoes. I had to do a double take for the anime.
Totally identify with his childhood and college path (little parental guidance). At 55 and transitioning to my third career; the ‘zero probability’ reference hit home. Thanks Tom for ALWAYS bringing out INCREDIBLY MEANINGFUL nuggets from your guests.
Always useful and practical information, which inspired me to start my own channel, having in-depth conversation with people from diverse backgrounds
One of the best interviews.. that guy gave some valuable gems to shine
This was a great interview! I got a lot of out of it. The biggest takeaway I got is that you have to try even if there is only a small chance of it working out. This was illustrated by Marc applying to business school even though even he knew it would be highly unlikely that he would get in and then feeling good after getting the rejection letter because he knew that he tried. I really want to be a RUclipsr and it seems really hard but I have to try. I am gaining a little momentum on the channel.
What a beautiful person. Very inspiring to see Marc's huge success based on empathy, kindness, and betting on yourself!
This was a fantastic, they all are, interview. I was becoming burnt out on hard core grinding. Marc proves you can be super crazy successful without self inflicted torture... doesn’t sound like he’s eating horrible things or taking ice baths.
I came away with a lot of useful advice that is sticking and can be converted to action. Thank you both for serving mass amounts of us that are leveling up..
#notthereyet! #okboomerforever
What an interview! What a man! I’m beyond impressed !
I always get a wealth of knowledge and encouragement from this channel. It feeds me in ways beyond my ability to explain and I'm forever grateful. Thank you for pouring this high quality content into soooo many lives! ❤❤
"Today is today. What's the biggest step you can take toward your vision today?"
What you consistently do today greatly affects your progress. Great content!
That was an amazing interview, I left the corporate gig at 32 and had about 3 months pay, for 18 years I've been having a blast making things and selling. Obviously back then in the UK it was a lot harder to raise money so most of my activity has always been PL, but the UK is finally catching up, and these are great stories to here
Oh wow this came right on time 😍😍 so inspiring and motivating.
I really thought of fund raising as being something hard but this gave me a lot of hope and inspiration knowing that showing your passion helps more.
I missed these studio interviews. Thank you Tom!
Agreed! These are strange times indeed. Gotta keep grinding when we can.
To not worry on what COULD go wrong is Huge for me!
Damn TOM...your questions were EVERYTHING...Always are!!!!
Tom on that Anime mercenary swagger - always great value and compelling to take action my brother!
Great entrepreneurial spirit demonstrated by your guest! I wish we would all have his courage to start something from the scratch, grow and give back to the community.
I needed this. I’m currently at a crossroad between my job (also at a Bank) and my jump to LA...away from my kids.
Needed this... thanks!!! Keep em coming.
One of my favourite episodes ! What a guy
Evaluating the steps , keeping vision and execution is key ( with specific parameters ) .Liked the explanation of VCP. Thanks for this discussion.
I got so much valuable information in this video...Thanks Tom, this guy approach to business its great
One of Best Interviews EVER! What a TRUE American Spirit.
50 Minutes Of Life Changing Information!
I like how dollar bill stopped working for axe and started his own business
Great interview, Tom! Thank you! As for the ''how you can build to someone the DESIRE, the HUNGER'', there is indeed a process: You inspire them to discover and follow their passion, while serving a purpose! (At least, that's what I do).
Nice insights Jim. But it's not always easy and same formula to apply to all people.
For example, hope you had seen the movie Good will hunting. Will was extraordinarily smart but he didn't put it to better use. Will says he is passionate about being a construction worker, which is obviously wasting his gifts.
So to inspire one, this is what i think, first s/he needs to suffer and hit the bottom. The comfort will not let them see the ideas you want them to instill in. Then we have to show hope to come out of it with scientific facts and stories. Then how to do it, the process.
It's not easy and no one will be willing to suffer and hit rock bottom voluntarily. So life lessons are the true teacher in the end.
Just my 5cents.
Amazing ideas...loved the interview .
Really added something just after watching this. Great
Yeeey, finally back to the studio!
Tom thank you for existing thank you for what you're doing thank you for making me reprogram myself into being a super human. You don't even know how much I appreciate what you do. Much Love
Hey TOM! In your question of how to instill drive, you said the answer in the question. It is all about mortality, and our awareness or lack of awareness of it. As someone who did not have the desire you are talking about, and now does. You have to tell them they are going to die, and get them to really sit with it, and understand it, imagine it, come to terms with it. Most people only know this fact abstractly, but they have never really put in the work of thinking about it.
Marc !
Thank you for being revolutionary in ecommerce
Great interview, thank you Tom. I have learnt a lot.
Bill is channeling is inner Larry King....lovin’ it!
this was simply amazing!
I’m one of those great people, missionary over mercenary - great hiring concept! Flex! 🤩
this Man is incredible , i would like to be like him
Never give up👊
@@Thjonsson1 cool thanks
Miss the studio videos, happy to see one again.
Thanks Tom...it increases our vision
awesome glad yall are back in office
This is THE BUSINESSMAN ! They should make a movie on his storys.
I wish I have half the courage this man has
Thankyou this is just so apt. Execution is indeed far important.
Amazing content Tom this video opened my mind to possibilities that doesn't feel like there as far as the moon more like reach out and grab it...
This got me super fired up.
Thanks for the great advice Marc Lore. The RYKEN Movement will most definitely apply!
This has got me fired up again!
Mind Beyond Money WAS ABOUT to write this 👏👏👏
Jared Jacobson Law Get it man!!
Great information and interview
love this!
Marc reminds me of Jesse Itlzer. Tenacious, no excuses, yet kind.
This is UNIQUELY REFRESHING 👏👏👏👍👍👍🙏🙏🙏
The first playoff season for the Minn. Timberwolves in about 2 Decades. He is the owner and hired an Indian-GM and a minor league basketball coach.!
Wow kind of crazy seeing him on here. I used to work for this guy.
This is so dope thank you
Amazing info
Lets get it🔥🔥🔥
Loved it
In person interviews are my thing.
Progress, like succession. Primary and secondary succession, once enough bacteria and fungi die the soil can support larger plants and eventually trees and whole ecosystems!!!
Very inspiring
Success belongs to those who dare to dream it and never give up.
Hi Tom, Impact Theory is very important for humanity and you're doing wonderful work for the universe my brother. I would love to have a South African version of Impact Theory, and I would really appreciate if you can mentor me or offer any kind of assistance you can give me😊
Is there a plan regarding new episodes recorded in the studio? Waiting eagerly....
Love that Tom And IT do show note timestamps. Incredible interview
We've been missing this
So cool conversation by @Tombilyue
Agressive business is the PAST/the FUTURE business is EMPATHY and LOVE
Spotek? Hope it shows up on Google, values criteria?
I Love your A list
Reading "Think and Grow Rich" and this vid pops up...
You'll get where you need to go. Trust the book buddy.
Great
What a fit
Yeah, this interview was not long enough XD!
I’m curious Tom. Who do you believe has given you the most “impactful” answer to your question. “What impact do you want to leave on the world”?
You should interview Sally Fallon.
Here for my dopamine dose!
Back to your best Tom
I make motivational videos and i take some footage from your channel because impact theory is one of the best when it comes to motivation. I of course mention you in my video as you are the content owner. And yes i am promoting as i really think my channel has great videos and all the people who are commenting here will be commenting on my channel soon! Pin that i am that confident! Thank you for the videos you upload!
Interview Dan Peña pls.🙏🙏🙏
Thank you for your inspiration Tom!! You're one of those who motivated me to start a youtube channel talking about self development 🔥
this man has ice in his veins
Like so your not where you see the vision but doesnt mean your in the wrong place, PROGRESS versus anxiety lol.
He looks like he could be the brother of Alexander Volkanovski :)
It's contradictory. Marc talks about the mission of the company, passionate people, to make a change... but he really builds all these companies to sell them.
I cannot really imagine Elon selling SpaceX or Tesla, Gary selling VaynerMedia, Catherine selling Ark Invest, Bezos selling Amazon, etc.
But Elon sold many companies before committing.
He also was rarely profitable. He literally built unprofitable businesses and got extremely wealthy building unprofitable
Businesses. It’s literally insane
Ask him if he wants to build a partnership with the Cree
Please link me to Marc Lore
He started with just under half a million, a lot easier starting point than zero.
He earned his money by bringing value as an employee and by saving. Respect the work and the person and dont bring excuses into the equation like that
Remeber Also he started years Ago. With all tech today we got a lot of opportunities to make business happen More Easy! And a lot less capital!
@@Thjonsson1 I think you're ignoring the huge increase in competition with a lower barrier to entry and higher population along with the fact that it's not just your country but the globe you're now competing with.
@@Spyrosdaf12 if you're gonna use that jotndo anything.. by all means 🙏🏼
Def a lot easier. But this isnt a comparison game. All i hear are excuses. We’re all dealt different cards brother. It doesnt matter where you come from, what matters is your vision, your mindset and where youre going. Theres entrepreneurs who were once homeless or doing the 9-5 gruesome work and found a way and became billionaires and multi-millionaires. Your comment isnt helping anyone...
So did diapers.com actually make any money or was it another no profit disrupter that only made money on the exit? It’s not difficult to disrupt somebody else’s business when you don’t care if you make a profit.