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Daymond John isn’t the most lenient or witty investor; however, you can be sure that each of Daymond’s investments isn’t just about making money. Unlike some of the other sharks, Daymond isn’t looking to grow his net worth through Shark Tank or help large companies become unicorns. Rather, Daymond’s primary goal with Shark Tank is to help struggling entrepreneurs get to a sustainable and profitable position. Over the years, Daymond has made several empathetic deals, but two of his most generous deals include Mo’s Bows and Bombas. Daymond took no equity in Mo’s Bows and helped the young entrepreneur score a deal with the NBA. Meanwhile, Bombas is focused on donating clothing to homeless shelters, and this has turned into the most successful business in terms of sales in Shark Tank history. And considering Daymond’s rough upbringing, it’s not surprising that he wants to give back to the community. This video explains the story of Daymond and FUBU and how Daymond went from the streets of Queens to Shark Tank.
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Timestamps:
0:00 - Daymond John
1:17 - Life In The Ghettos
3:54 - FUBU
6:31 - Building An Empire
8:24 - Daymond’s Philosophy
10:01 - Daymond Today
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Disclaimer:
This video is not a solicitation or personal financial advice. All investing involves risk. Please do your own research.
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Daymond John: From The Slums To $350 Million
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