Why Shark Tank Panel Business Model Works (LA 865)

Transcript:

Steven Butala:                   Steve and Jill here.

Jill DeWit:                            Hello.

Steven Butala:                   Welcome to the Land Academy Show. Entertaining land and investment talk. I'm Steven Jack Butala.

Jill DeWit:                            And I'm Jill DeWit. Broadcasting from sunny Southern California.

Steven Butala:                   Today Jill and I talk about why the Shark Tank panel business model works so well.

Jill DeWit:                            I have a lot to say.

Steven Butala:                   The reason we're talking about Shark Tank is that Jill and I just drove back from Scottsdale on a holiday weekend. It took us,

Jill DeWit:                            Way too long.

Steven Butala:                   instead of six hours it took us 10. We watched every single episode of Shark Tank that we ever not seen. Did you know that the show started in 2009?

Jill DeWit:                            That's not that long ago.

Steven Butala:                   It's almost 10 years ago.

Jill DeWit:                            Oh.

Steven Butala:                   It's 10 years old.

Jill DeWit:                            I guess so. I guess so.

Steven Butala:                   That's a lot of episodes.

Jill DeWit:                            And we binged watched most of them.

Steven Butala:                   Yeah. Why does it work so well, do you think?

Jill DeWit:                            I.

Steven Butala:                   Why does that show work so well? Or do you think it's just us?

Jill DeWit:                            I think we love it. I think part of it is. It's us. You know, it's like there are shows that you love that I don't love and visa versa.

Steven Butala:                   Mm-hmm (affirmative)

Jill DeWit:                            There is something about it. You know what? It's an entrepreneurial thing. I bet there is plenty people out there that ... You know it's funny? Here's why I think it works. Because there are two sides of the table. You and I see the investor side and the entrepreneurial side. Those are the seats we want to be in.

Steven Butala:                   Mm-hmm (affirmative)

Jill DeWit:                            And.

Steven Butala:                   We are in.

Jill DeWit:                            We are in. Exactly. And I'm going to talk about that too when we get to the show here but I see us over there and I think the other side is where a lot of people are going, I just want to get my idea. I know that my latest and greatest toaster or whatever it is, if I can get this new toaster/garage door opener in front of the right people, like these guys. I'm going to make some money.

Steven Butala:                   I totally agree.

Jill DeWit:                            So, that's why I think it's popular then. Because it covers both sides.

Steven Butala:                   Yeah.

Jill DeWit:                            Thank you.

Steven Butala:                   Well said. Before we get into it let's take a question posted by one of our members on landinvestors.com online community.

Jill DeWit:                            Sunju asks, hi all. I just got the membership a few weeks ago and I'm trying to read and understand everything I can.

Steven Butala:                   Good.

Jill DeWit:                            One question that is coming to mind is in Land Academy 1.0, the cash flow from land program. The focus is on rural vacant land. Whereas Land Academy 2.0 focuses on infill lots. I understand that by doing both you're mitigating risks through diversification. Are there other advantages to doing infill lots? Thanks in advance.

Jill DeWit:                            Well, I got two.

Steven Butala:                   Go. Go.

Jill DeWit:                            Number one, infill lots,