Episode 004: Powering Forward – Elton Brand

Elton Brand

You might know him as the Power Forward for the Atlanta Hawks or one of Duke’s most memorable alums, but off the court, Elton Brand is a serial entrepreneur, who joined me during a recent visit to Chicago to share his keys to winning in the business game.

About Elton

Elton Brand is an alum of Duke University and the #1 Draft Pick of the 1999 NBA Draft class. He has garnered an impressive 16 year career in the NBA and currently plays as a power forward for the Atlanta Hawks.

He is also the CEO of Milk Media Studios and owns several tech startups.

Overview:

In this podcast, Elton dispels some common entrepreneurial myths regarding what it really takes to get your vision off the ground and offers some wise words for entrepreneurs struggling with self-doubt.

Elton’s Action Steps:

  1. Do your research before partnering with others
  2. Use the momentum of one success to build another
  3. Bootstrap if you can; Big Investors = Big Expectations
  4. Start Small; Show the Potential of Your Vision

Top Quotes:

  • “There’s a lot of sharks out there; it’s their job to take your money.”
  • “I was still learning the business, but I believed in myself; believed in my brand.”
  • “Trust the system; Set a goal, execute, but be prepared to walk away”
  • “I’ve gotten a lot of good pitches on LinkedIn. It’s a place for serious entrepreneurs”

Resource Links:

  • Business Insider (http://www.businessinsider.com/)
  • From Good to Great by Jim Collins (http://ow.ly/MSwwQ)
  • The Long Tail by Chris Anderson(http://ow.ly/MSwCb

Key Timestamps:

  • 01:13 A Leap of Faith into the World of Film
  • 01:48 Before Christian Bael was Batman
  • 02:45 You Don’t Have to be an Expert to Start
  • 03:30 A Gamble Pays Off
  • 04:45 Building Momentum
  • 05:20 Becoming a Parallel-preneur
  • 06:00 Having impact with limited resources
  • 07:05 Polishing your Pitch
  • 8:00 Assessing Risks & Moving Past Adversity
  • 9:30 Bootstrapping your startup
  • 10:15 Finding the right people for your team
  • 10:50 What Sharks Really Do
  • 11:55 Trusting the System
  • 13:37 Good Reads for Entrepreneurs

Be sure to add your comments below or via Twitter @DrShanteSays