Shark Tank's Barbara Corcoran On Why She Won't Invest In Rich Kids | IGNITION 2018
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- Опубліковано 27 вер 2024
- Shark Tank Investor Barbara Corcoran discusses why she prefers investing in poor kids instead of rich kids.
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Shark Tank's Barbara Corcoran On Why She Won't Invest In Rich Kids | IGNITION 2018
*_I’m out, and for that reason I’m Barbara_*
?!
You're here??
Bob, the Lisa Guerrero obsessed guy
_Bob McCoy Lisa Guerro much
omg so many people are copying my comment :(
I’m now rich, I came from NOTHING. I’m the injured kid with ego to prove everyone wrong. She’s absolutely dead on accurate. For me it isn’t about the money, it’s about proving to the world that I’m worth more than dirt, which is all the value I was told I was worth. To me it’s about winning. Money means almost nothing.
Absolutely brother
Spot on
True, Its never really about the money 😂. I have 3 succesful companies and 2 more still in recovery from the pandemic. But if you see me or my close business friends. We all dress like bums outside of meetings and eat cheap food. It kinda becomes your comfort zone.
That's real
She is preaching. Love the way she thinks
Happy not to know you!
She is one of the best reader of potential in Shark Tank
Wow, I love her personality, she’s very honest and humble. This is the side we don’t get to see on shark tank.
She could have kept talking on and on, I was just mesmerized by her talking. She is really amazing.
No one:
Barbara: “Thank God my kids have dyslexia.”
Struggling in life is what makes you successful, and a good human being.
I just saw her say that, Yikes, she's happy their dyslexic, its nothing wrong, but she actually said she got lucky, wtf? She makes it sound like if they weren't dyslexic then she would disown them.
I get what her take on that was. I grew up with a severe speech impediment and the drive it took for me to properly enunciate a sentence is the same drive I have towards achieving a goal. It was a struggle and speaking normal is sometimes people take for granted.
DeadOverlord666 you are missing the point
You all take things very literally. So much confusion and hate is being generated over one phrase.
Wow, 13 year old kid means she gave birth at the age of 56.
Sam Zirkiev her 13 year old was adopted
Jennifer Rook-Green that’s what they want you to belief
@@hugolols55 huh?
Yes. It explains the birth defects.
@@johnmadsen37 wooooowwwww
I don’t invest in rich kids, but will happily invest “with” rich kids since their connections gets you into deals other people don’t.
krazieman69 That’s the smart thing
She’s a business woman at the end of the day 🤷🏽♀️
Essentially, she has much higher respect in children who struggled, came from a point of being at the bottom, and yet are pulling themself to the top vs those who were given the money, the connections, the capital and bam, had a business
They have money and for that reason, I'm out
😂
I agree with Barbara.
Struggle creates strength and endurance.
What she's saying isn't simply RICH vs POOR. it's more of an argument against the negative qualities that often come as a side effect of being rich versus the qualities that sometimes come with being poor.
alex level it depends on lots of things
"Tom got rejected from all of the best schools ... and he graduated almost top of his class at Columbia."
Lol, what? This doesn't make sense, and for that reason, I'm out.
Henry R She’s probably saying he got rejected from all of the top schools at first. He may have gone to Columbia for grad school, not undergrad.
@@evanperilstein5308 But she said he is 24, meaning he would still be in grad school.
JoseBetacourt5 depends on the program
Ight I’ma head out
JoseBetacourt5 maybe he graduated late ?? She did say he had learning disability that might’ve held him back a little bit
She’s not lying. Rich kids are very entitled, and believe they know everything while we from middle class don’t have that luxury. We have to work hard to get anywhere in life.
My dad always told me, “people like us have to work twice as hard to get to where we want to be” and that’s true.
Honestly, I rather have grown up how I did, then grow up rich. I’m able to appreciate things more, because I never had them. Shout out to all my working class Americans out there! We have the best lives, and live in the best damn country in the world! ✊🏼🇺🇸
I'm generally inclined to agree with you, but that's not how all rich kids think and act. I promise I don't think that way.
You are so full of shit. Middle class Americans have a better life than 75% of the world. The opportunity in this countey is insane. Please stop acting like your life was so hard because mommy and daddy didn't throw money at you everytime you asked
Very well said! Hustle vs. Hand me downs
Seems like the interviewer was a rich kid with the right connections.
It's interesting to see how income of parents can impact you as a child. My parents didn't have money until my dad sold the land he worked really hard to keep after 15 years of hard work. He was up til 3am and would get up at 5 on some days. He didn't get money until I was going into the adult world, so I never felt like a rich kid, I just felt I had a hardworking dad who bled for his work and it took years to have something to show for it. At age 20, that's inspiring to me and I hope to do the same rather than get a handout now
This honest stream of consciousness is really something
I know a lot of people don’t like Barbara, but I freaking love her!!!!
She's not wrong tbf
John Dylan eh somewhat but she is talking about shark tank rich kids. But sometime the rich kids make the biggest business and hire many others.
I’ve watched this multiple times and just uplifts me and gives me inspiration. I’m not even aspiring to be an entrepreneur.
Gullible
I love barbara she speaks facts! Its no better feeling then making it when you started from nothing!
Go ahead and yell at me, but I am gonna say this anyway: she is also a woman in a world run by men. Not only did she grow up poor, she also grow up in a disadvantageous society.
She is awesome.
houchi69 hate that you have to preface this in order to no offend anyone. FREEDOM OF SPEECH. just because you hear/read it, doesn't mean it has to offend you.
houchi69 oh please. Millions of us have had similar family background stories, that doesn't qualify anyone to judge the rich kid's ambitions. Very presumptuous don't you think!? I had been surrounded in my lifetime with not so bright individuals But, they became wealthy Realators. No one bragged about their success to the world as Barbara does. They helped raise spirits of the Poor, the Intermediate & yes, the already made Rich kid that wanted to join into the (NAR).
Christian Marion LOL😂tell that to a Liberal friend you may be acquainted with. Good luck!
63% of real estate agents are women. Where's the disadvantage?
@@jshepard152 that wasn't the case 30 years ago.
She right! My first job was McDonalds. For 3 years!! Yikes
You know, despite all the memes about her on Shark Tank, shes quite well spoken and very fair and honest.
they're gonna go to Dr Phil and get sent to *_THE RANCH_*
I'm severely dyslexic and I f****** hated every moment of school.
For some reason, she just reminds me of a more successful, kinder, IRL sue sylvester
Hypocrisy at it's finest: Rich kids are the worst except mine, because mine fought their struggles.
RMM she’s dismissing and putting every other rich kid in a box but not her kids, they’re different....
Exactly what I was thinking. Or yours had struggles. You probably had expensive tutors. Your son didn’t have to worry about a job. Hypocrite exactly
Her son apparently had to scrap and claw to even get passing grades and got rejected from all the best schools according to her, but still got into Columbia, an amazing Ivy League school. Talk about privilege. Nobody is getting into Columbia with just "passing" grades unless there is some kind of connection or money. Basically, her son got into Columbia because he is a rich kid from a well-to-do family. So while she is generalizing kids on their parents hard work and wealth, maybe she should look in the mirror and ask herself, have my kids received the same benefits that I am talking shit about? What a joke.
Hater
She did say that her children are privileged
Very good point. Struggles are the best lesson
She said her kid got rejected from all the top schools, but then says her son graduated top of his class at Columbia which has a 7% acceptance rate...
Ikr, its pretty privilege to assume Columbia is low rated, plus mentions her kids aren't that privilege since they have dyslexic. Her kids are still very much privileged even with learning disabilities. I'm sure Barbara got them access to good school and tutors to help out with dyslexic. If she let them cope with dyslexic on their own and spend them to low rated public school, then her son wouldn't even dream of going to Columbia. I am dyslexic, still struggle with it to this day. My parents are nice loving and supportive people but they couldn't afford to get me tutor or for me to go to nice private school that could help me with my learning disability. So I have to deal with my learning disability on my own. Which is hard for me to this day as an adult. It has cost me good grades and promotions.
transferred maybe?
Forget rich kids, she doesn't invest in anything
Heardmod thank you!! I was looking for this comment!!!!!
@@VeeAmericanEagle it's okay to be picky lol
Ashley shim I love you
She's a real estate broker. Her only investments are the properties that she owns. Maybe a condo and a country house. That's it. She earns big commissions and that's it.
Very well said. Love it.
What if the rich kid was a poor kid at first?
drinking game: take a sip everytime she says "Rich Kids"
*Simple knowledge that us poor know*
Wow motivation
I don't think it rich Vs poor its more like smart hardworking Vs lazy and no ambition
I loved how she ended that, it’s more grit than I’ve ever imagined and I earned it 🤞🏾🔥
She is so wise, witty, and a lovely person!
Love this woman. 👍
Right-some of us are misinformed.
I guess she wouldn’t invest into bill gates
daniel chung Bill Gates ,at the time, wouldn’t need her money, he had his parents.
@@RafaelLopezNewton Not really. She could have invested when Microsoft went public and she would probably be the richest woman in the world right now.
it is not much or rich kids themselves as to their family's teaching and what values the parents passed down. I agree, it is hard to have hunger for success when your starting line is already someone's finish line.
I love her honesty and wisdom
Always loved Barbara, one of my favorite sharks
We all have struggles and only we know how big and small they are (relative) to us.
True for rich young artists and poor young artists too.
Barbara is awesome.
Barbara: “I don’t invest in rich kids because
I’m out”
excellent, excellent frame of mind and thought process. would love ALL her advice. FOR THAT REASON I AM IN.
Very interesting of thinking
love this women
Came here to look down on Barbara based on all the other shark tank videos trashing her. But i am blown away by her insight.
I am dizzy now. The camera is too shaky.
She's right.
She's right. I do some work for a family that's wealthy and their (adult) kids are useless. Spoiled, entitled, lazy, and stupid. I wouldn't invest fifty cents in any of them.
You don't even have 50 cents to invest 😂 jealousy is not a good look bud
okay but that necklace... she in her bag
Thank you Barbara!!!
Talent is talent regardless of backgrounds. Why keep a narrow minded approach to business? There are some strengths that young adults from wealthy backgrounds have and some young adults from middle to lower class backgrounds have. Should be looking to bond those talents together and not view both as isolated categories.
At around :30 she says "I dont invest in rich kids. Which isn't really true but almost true." From what I took from the conversation is, she wants to invest in someone that wants to invest in the company for more than just the money. The success. I agree that that talent is talent. Talent is important and so is the passion to want to improve. I heard in a video somewhere that your "gift/talent" isnt something you should be proud of. They elaborated more on that and I took it from it, "embrace your talent but dont allow talent to be the only thing you got going for you. Add some hustle, dedication, pain and hunger to it." So I think as she explains more as to what she means is that most rich kids that show up at shark tank have not gone through an important phase of struggle which to her is a key ingredient to that secret sauce of success.
I also wanted to add that in every category of income. There will be people who don't want to struggle to succeed.
@Black Andy Dufresne You said I was wrong , and then stated "It depends on the industry and type of business." Bit of an irony, ain't it? One could also argue option 1 grew up in a more disciplined environment having two high income parents that also wanted the same standards for their children to follow that lead to their own success. What im saying is, it does not really matter weather you grew up in a wealthy or lower middle class household. Individuals make decisions, and lets judge them based on their personal merit. And Im a person who grew up in a lower middle class household, but it would be damn unfair if my children were at a disadvantage for being from a well off household.
Wise lady I look up to!
So she wouldn't invest in the founders of Microsoft or Facebook?
They didn't start out as rich kids... So this actually proves her point.
Not.enough to.go.around you must not be familiar with their backgrounds. They both went to Harvard. Marks parents were doctors. Bills family come from a long list of successful business men. His father was an attorney.
Zhembut Borneo Bill Gates father was rich
bngr bngr your mixing up upper middle class with rich no one with half a brain would have invested in Zuckerberg because Facebook to start with wasn’t meant to be a public platform and the success was really attributed to the simplicity and usability(nothing predictable)of the site rather than anything Mark did as a businessman, not to mention he has no background in any entrepreneurial endeavors and if he was rich he wouldn’t have had to work during school to get some extra cash. Gates is a completely different story his family to an extent had a background in business and fairly affluent but aside from money he had connections other people could only dream of. You also have to consider the man was a merit scholar; money can’t and will never buy intelligence. Point is if you wanted reason to invest in him you could find some. Many rich people are aware of their place and know that they come from a powerful family and/or known the connections and backup plans that are accessible to them, thus care less or are not as passionate for what they do. It doesn’t matter whether your rich or poor but to be successful you have to be passionate and know what you’re doing and how you’re gonna do it. When you have a family worth billions, attend prestigious private schools with tuition worth more than some people annual income, and you can simply call a family friend and land a job that pays incredibly well it’s hard to have the attitude needed to be a successful entrepreneur.
groundtofu actially Marks brilliant idea was to scale Facebook beyond the university crowd. You are naive if you think the upper middle class is not rich.
I'm Barbara, and for that reason, I'm out
I think she means entitled - not rich there is a big difference! Also you can still be rich and have emotional injuries and something to prove. A lot of rich kids I know had absentee parents and seek their approval more than anything else and that does often also drive their drive their success or they feel they have big boots to fill! These types of stereotypes are not helpful, everyone who is willing to work hard deserves a chance.
you said it so much better than i would have
This reminds me of the guy with no arm and no legs who became a traveling millionaire who motivates people. The struggle makes the person
I believe 25% of rich kids have ability to carry on father's business.
I love her!
24 rich kids have disliked this
I love this
Very inspirational
BUNCHA RICH KIDS IN THE AUDIENCE WTF
Diogenes how do you know?
Theres a Rich School were i live and there two kinds of kids there: the hard Working i Will never be good enought like my parents and the gold spooned i Can it all. We all know who Will suceed
I come from a wealthy family and my biggest fear is that I will never have even 10% of the success my parents have. I’m scared I’m going to end up a failure and I feel like I have so much to lose
Humans breathe oxygen and for that reason I'm out
I speak for the rich kids when I say that some of us are ok
Sounds like she’s talking about equity….and I like it.
This gives me hope
I watch Shark Tank and I have heard each of their stories. What I appreciated; they were short, to the point versions of how they got here. Barbara reveals all & seems to dismiss showing signs of humility. Rather, I find her to be somewhat resentful on how & what she had to endure to get where she is today. Her laughter doesn't really shed light on her body language.
I love this.
God bless the child that makes their own ❤
“God Bless the Child that makes his own!”
👏👏👏👏👏
Anyone staring at her dimple the whole time? Lol
Her necklace is stunning!
powerful
I just love this woman so much!!
She is a genius 👍👍👍
Rich kids have lawyers itherefore they are less likely to be taken advantage of by "investors" like Barbara Corcoran.
She is Mrs Wonderful, she has the same accent as Kevin. She is the female version of him
Mohammed Yakub just way more stipidn
Barbara is pretty incredible.
She is soo happy 😊
She doesn't invest in rich kids because she doesn't invest in anyone.
"My name is Barbara, and for that reason, I'm out."
Peter Frohlich but she’s wealthy and you’re most likely not
All the dislikes are the salty rich kids
Rich and poor doesn’t matter for Barbara. You are always out.
the way her legs are crossed is killing me
I thought i was the only one that noticed😂😂😂
I mean I understand but you can’t exclude an entire group of people just because of the family they were born into, they didn’t choose that and just because their parents sent them to great schools which put them ahead of the curve doesn’t seem all that bad. They wanted the best for their kid as does any good parent. It’s not about whether they are rich or poor, it’s about their parents and the values they instill in them from a young age. Also why wouldn’t you want someone who went to U Penn and has had internships at great companies, that seems like a reason you would want to invest in someone. She should be careful with her word choice and judging somebody purely based on their ses.
Damn Barb you that GOaT
Also among friends, people who have lesser seems to help greatest. Empathy, resilience, confidence -- you develop that without golden Mommy and Daddy
Poor kids cant get what they really want, so they go after it. Meanwhile rich kids, they can have everything they need
Barbara is honest.
God bless a child who made his own 😢. That hit me