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Cas
You do something over and over and over again, good things happen. Find something that you're good at and do it again and again and again.
Mike
Yeah. It's rare that your passion will make the money that you need to afford your life. Keep the passion, but figure out what your talents are, and then surround yourself with people who fill in the gaps, and then supplement your life with the things you love.
Host
All right, guys, we got Cas and Mike here in Las Vegas.
Cas
Thanks for having us.
Mike
Yeah, let's do this thing.
Host
You guys have accomplished a lot.
Cas
Let's go.
Host
You've been working together for 28 years.
Mike
Yes.
Cas
You have to remind us.
Host
Yeah. Well done, though.
Mike
28 is big.
Host
That's very hard to do while you're dating or now married.
Cas
But we love each other and we like each other. So we laugh a lot and we fight well. We get over our arguments.
Mike
We don't take anything personally. I think that really helps in our personal side of things. But, like, at work, like, we're just like, hey, I didn't like that. Or like, you got to do this better. Why didn't you do this? And we've taken that home, which has really been effective.
Cas
Yes. It's very aggressive.
Mike
So are you. I'm not passive aggressive. What he's saying is I'm aggressive aggressive.
Host
I appreciate you're more direct.
Mike
Yeah.
Host
You need that.
Cas
Yeah, Everyone needs it. Just communicate.
Host
Yeah. Communication is important. How do you not let the business bleed over into the personal, though? That's super impressive to me.
Cas
And it's hard sometimes.
Mike
I think our love language is work. Right. Like, if you look at our book, it's basically our love story, while it's also a love story to all entrepreneurs. And we met. We were dating while we were working. We started our first company while we were dating. And we both, I think, have the same values and work ethic. And that's our love language.
Host
Yeah. Because a lot of people say not to mix the two.
Mike
I know.
Cas
I just think if you can't work with people you love, who do you work with? People you hate. Like, people you can't stand, but you.
Mike
Can'T have overlapping skills. That's the. That's a key here.
Cas
We don't. But we don't think. We think that if you have. Are in different lanes, it's much better than if we overlap and we're in very different lanes.
Host
That's true. Because sometimes you'll work with a close friend. You have similar skill sets. And then you guys just.
Mike
While you fight or you have like, paralysis of decisions. You can't. You can't do anything because you're both micromanaging the process or you both want your input heard as opposed to, like, clear divisions, which is what Mike and I have. We just know each other, and we know who has the expertise in that lane.
Host
And I was talking to Mike out there. It seems like you guys are grinding as much as you had in the past.
Cas
We're working harder than we've ever worked, which is. Love it. We love it.
Host
Yeah. Because you guys had, you know, $750 million exit and no slowing down.
Mike
No, no, no, no.
Cas
It's a lot easier now because our kids are older and we're healthier. At the end of Buddy Media, which we sold, you know, the salesforce for close to a billion dollars, we weren't very healthy. I weighed 40 pounds more. I was not the best version of myself. We are with older kids, we're able to kind of focus on ourself a little more, which is hard for entrepreneurs, as you know. Look at how you're hustling.
Host
I'm getting more picky on what I say no to.
Cas
Yeah.
Host
Because I'm getting so many opportunities now, but if I said yes to all them, I wouldn't. I'd be too distracted.
Cas
I think it's one of the key cheat codes from the book is focus.
Host
Yeah.
Cas
Like focus. Use how to use it as a superpower. And the entrepreneurs who focus, who know how to say no and know what to say yes to, can do whatever they want. Most entrepreneurs can do anything they want. They just can't do everything.
Host
Would you guys say focus was the biggest skill early on that impacted?
Mike
Definitely when we started, I think, you know, we decided our last company, we had a business model that changed three times. We pivoted three times. So when you do lots of pivots and you're trying to find that, like, customer feedback that works, you have to focus. Right. Because it's easy to say, well, maybe they would have liked this or maybe they would like that. Like, you have to go for it. And really good entrepreneurs, they look at, like, a failed product launch as getting one step closer to, like, figuring things out. So you gotta focus. That's the number one thing. I know that's Mike's number one cheat.
Cas
By far. By far.
Host
And these days, that's a hard skill to have.
Mike
Yes.
Cas
Yeah, it's hard. But if you focus on the right things, you can literally do anything. And I. I reminds me of when Facebook went public. They didn't have a Mobile strategy. Once they focus on it, the rest is history. Right? And so it's not only what are you focused on, but should you be focused on anything else that is more important? And oftentimes you're tripped up by stuff that you didn't focus on that you should have.
Host
Yeah.
Cas
And so focus. As you know, we've been over a hundred investments into other entrepreneurs and we support them every day. And the question I ask every time is what are your top three priorities? And if they don't know it, they're fucked. Damn. Yeah. If they don't know it, then their organization doesn't know it. Their investors don't know it.
Host
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Cas
Doesn'T know it. But if an entrepreneur is like, you know, we gotta sell, gotta build product, gotta service it with excellence, gotta build, you know, culture that scales. Like then you're like, oh, this person has their stuff together.
Host
Yeah. Cause a lot of people focus on the wrong things, right? In business especially, or they don't focus at all.
Cas
Like we're in a world where you could do anything like and you've inbound.
Mike
Through like it's scope creep. I mean, you know, all these entrepreneurs, everything's cool, everything's the newest thing and they can't really draw a circle around what is it that they're going to build, right? Or what is it that they're trying to come up with. But focus is the thing they have to yeah.
Host
Yeah. I've never struggled with focus and work ethic, and a lot of people are, like, way smarter than me, but I feel like those two skills are what got me to a pretty good level.
Cas
I am definitely not the smartest in the room, but I can outwork anyone. Cass is smarter.
Mike
Wait, wait, wait. You can't outwork me. You cannot outwork me.
Host
I love it.
Mike
You cannot.
Cas
I used to be able to. I don't work as a step.
Host
You lost a step. I did.
Cas
Um, Cass is. Yeah, Cass is a monster.
Host
That's good. You guys compliment each other.
Mike
Well, yes, very well.
Host
I'm in a similar relationship. My wife, my soon to be wife is way smarter than me.
Cas
Way to go.
Host
That's the way to do it.
Mike
Punch up.
Cas
You're really smart.
Mike
You got to punch up.
Host
Yeah, no, it keeps me grounded. It keeps me. She keeps good people around me. Yeah.
Cas
Yeah. I always love smart women. None of them like me. That's the problem. But yes, smart, strong women. Nothing better.
Host
Yeah, I'm a sapiosexual, actually. Do you know that?
Cas
I have heard of it, but I cannot tell you what it is.
Host
Basically, it's if you're attracted to intelligence.
Mike
Yeah.
Host
So in friendships and in dating. Yeah, I am. That's my number one quality. Like, that comes before looks. It comes before everything else.
Mike
I love that.
Cas
Maybe that's what you are also. It definitely wasn't the look. It wasn't the cross eyes.
Mike
It was definitely the mind. It was definitely the mind.
Cas
I like that.
Host
Yeah, I think.
Cas
Yeah.
Host
Look into that, man. You might need a little diagnosis.
Cas
Yeah, let's go therapy.
Host
So you guys have invested in over 100 companies, you said?
Mike
Yeah.
Host
That's insane. Is it still actively going on right now?
Mike
Yes, for sure.
Cas
We're addicted to entrepreneurs and entrepreneurship and companies and going from 0 to 1 and then 1 to 100. Not all of them go from 1 to 100. Some of them die. But we think there's nothing more exciting. It's our sport.
Mike
Yeah. And there's beauty in the struggle. Right? J. Cole said it. Our son, actually our oldest son, has this tattoo, you know, beauty and the struggle, and there's nothing more we'd rather do. And there's nothing more miserable than being an entrepreneur because, you know, all the shit that's thrown, you know, you know what it's like your way every single day. There's no perfect day. I don't think we've ever met an entrepreneur who's like, yeah, this is easy.
Host
You're telling me.
Mike
Or, oh, I have enough sleep and I work out every day and everything's great. My kids are happy. I'm totally thriving. That's not what entrepreneurs say. And they love it.
Host
Yeah. You got two extremes. I just measured my stress levels yesterday, and they were off the charts.
Mike
But at the same time, would you do cortisol measurement?
Host
It was a crazy test. He's coming on after you guys if you want to do it. Basically, you speak into his computer.
Mike
Yeah.
Host
And it measures everything. Like, technology and AI is just so interesting to me. How.
Cas
That's incredible.
Host
Yeah. It's insane.
Mike
I'm sure my cortisol levels are always high.
Host
Yeah. My adrenals were high and everything. All from my voice. Like, he knew every single organ that was having an issue.
Mike
That's crazy.
Host
Crazy. That's what I'm excited about.
Mike
I'm interested to see if you could do that and then overlay it to, like, pernuvo, where you get.
Host
I took a pernuvo.
Mike
Right. And then, like, do full body and then blood work. Blood work together.
Host
So I did all these tests. I put it into chat gbt and asked for, like, a plan on how to fix all my issues within three seconds.
Mike
Yeah, it's the best.
Host
I mean, before you had to go to five doctors in person, you would say no.
Mike
You know?
Host
Yeah. They would give you Western medicine. That's all.
Cas
Whatever you're doing. You look great.
Host
Thank you. You guys, too, though.
Mike
Thank you.
Host
For 28 years of hard work.
Mike
Yeah.
Cas
For 51 years on this earth. She's a little older, so she had a few.
Host
Okay. Yeah, let's go.
Cas
It's just a fact. It's on Editorial, whatever.
Host
What percentage are you guys shooting out of those 100 investments? Because you hear these crazy stats with VCs, one out of every 10 or whatever.
Cas
So we don't believe in that. We believe, like, everything we do, we want to do well. And we don't assume some are going out of business. Having said that, you know, we've had, out of Those hundred, about 35 exits. There are about 10 of them that are transformative. Those are companies like Scopely, which we seeded, which sold for $5 billion, and companies that haven't exited. And we were seed investor and liquid death. Seed investor in a lot of the companies that, you know, many of your listeners, viewers have heard of. And the reason is we are not just typical VCs. We're entrepreneurs. We roll up our sleeves.
Mike
That's right.
Cas
We say to all the entrepreneurs, give us one thing to do, and we'll do it and we're done. Give us another thing. And that's how we win. The love of entrepreneurs and deal flow.
Host
Well done. Those are impressive stats, man.
Cas
I mean, the winners are awesome. And they. The good news, I'm not a math major. Okay. I just want to get that out there right now. I went to journalism school, but you can only lose one time, your times, your money. So if we invest a million dollars, we can only lose a million, but you can make like a thousand times that right on the upside. So I just love the math of, like, the winners are so much more powerful. And if you're good, meaning pick the right entrepreneurs in the right markets with differentiated products, then big can be really big. And we've seen it. We've have, you know, investments where the founders became billionaires, which we love.
Host
Damn, that is crazy.
Cas
And there's nothing better to see, like, entrepreneurs, like, busting their ass for 10 years and just reap the rewards.
Host
American dream, right?
Cas
Yeah, Global dream. I mean, it's everyone in the world.
Host
Oh, so you guys are investing everywhere?
Cas
Oh, yeah, we do, but like every. I mean, entrepreneurship is like a global sport now.
Host
Yeah.
Cas
Like, you go to Asia, Europe, anywhere. We were in Africa in December. Like, you know, everyone wants to start businesses.
Host
That's cool. And do you guys target certain markets depending on the trends, like AI right now or anything, or you kind of go by the founders.
Mike
I mean, I go by the founders, so I, I bet on the jockeys. Right. So, you know, Mike gets a ton of deal flow. We're known as investors who actually roll up their sleeves and do the work and actually, like, execute what we're saying that we will do. There's a lot of investors out there who say they're going to help and then don't do anything. And when Mike throws a deal over, it means that the market's right, the product's differentiated, he knows how it's going to be going to market, it's how it's going to be delivered, and it makes sense on the back of a napkin, the unit economics. So by the time it gets to me, I'm looking to see if the founders are the right ones. Can they actually scale? Do they know what they don't know that's the biggest thing. And do they know how to, like, form a leadership team around them that fills in all their gaps? So I've been on jockeys.
Host
Yeah, the team is everything, Right.
Cas
I bet on races, she bets on jockeys, races. Well, everyone's kind of like, you bet on the Horse or the jockey. Right. And I think the companies that have done well are in the right race. Right. So it's about like, and the race meaning, like how big is the market? Like if you want to win a million bucks, like, you're not going to enter a horse into a tiny race. You're going to go after the Kentucky Derby.
Host
Right.
Cas
And so a big part of what we do is just huge markets. People are like, how did you know Liquid Death was going to be big? The answer is we didn't know. Right. Like, that's a company that really caught lightning in the bottle because Mike Cesario is such a good marketer. But what we did know was that water was the building block of life and the largest non alkali market. Right, right. Like water. Here we're drinking water. Right. You need water. And we're in a world where kids aren't drinking like they used to.
Mike
That's right.
Cas
And so for us, it's about like, is it a big enough market to build a really big business? And if it's a tiny market, we're probably not interested unless it's a cash flow business that we're buying control of.
Host
Yeah. Liquid Death was so impressive to me because like marketing water, that. That's just really hard.
Mike
It just seems so silly. I mean, when he first brought it to me, I was like, I don't know, Mike, are you kidding me? And then I started looking at, into like marketing and how he came up with, you know, Mike Cesario came up with everything. And I was like, this is going to be like, this is going to be huge.
Host
I mean, you're starting to see these creator Brands like Mr. Beast with feasibles totally entering spaces that have been dominated for 100 years.
Mike
Yeah. And shaking them up.
Cas
And it's just starting. Like you combine like your person as media company. Right. Like you with kind of the ability to build stuff fast. Like we could sit here and launch like nine companies this afternoon.
Host
Wow.
Cas
Literally on the back of like these AI coding platforms. Lovable and replit and all these. And so I think the power and why it's so exciting for you and for your audience is that the power has shifted from the engineer. So skills that very few of us have. We don't. To the marketer, to the communicator, to the business side. And that's really exciting. All of a sudden technology's not the barrier that it was. Oh, I can't pay 200,000 for like a, you know, full stack engineer. Now you just build yourself. I'm Building stuff at Cast. Like, why are you wasting your time? Like, I want to know these tools.
Host
Wow.
Mike
And our son, our oldest son, who's 23. Hey, Miles, if you're out there, he just started a company and, you know, he realizes that he just doesn't need a huge team. He and his co founder can do what they need to do. Like just them. Which is incredible. When I think back to Buddy Media, we got up to like 350 people, I would say. How many of those do you think were engineers? A hundred.
Cas
Yeah. Raise a hundred million because like we had to build and then sell. Now you just build and sell. And if you have built in distribution like you have, you can build stuff really fast and see what sticks. Yeah.
Host
A lot less risk these days.
Mike
Yeah.
Cas
Yeah.
Mike
Immediate feedback from your customers. Right.
Host
So yeah, I'm excited. That's probably the next step for me because we're getting like 200 million views a month right now.
Mike
Yeah.
Host
I could figure out a product or service I align us to.
Cas
Like, we're not, you know, we're focusing more on like, how do we launch businesses than just invest. Because companies aren't going to need the money. You know, we just had dinner south by Southwest with an entrepreneur, young entrepreneur from Poland who launched an AI company and they got to 100 million of ARR with people.
Mike
And how long did it that take?
Cas
That didn't happen.
Mike
Tell them how long it took.
Cas
It took like 12 minutes because this guy was like 13 years old. Like, it took nothing. And I. And I was both jealous. I'm like, dude, you're young, handsome, rich, and you don't have to manage all these employees. But also super fired up because he was using AI tools that others had built to build his AI tooling in the voice space. Like AI voice space. And you're just going to see great companies built by dreamers. And you know, people are, oh, all the ideas are taken. There's nothing else to do. Well, look at liquid death.
Mike
Right?
Cas
Like, look at any of these shake things. Newer companies, like, you know, look at pop up bagels, which is a new bagel. Like crazy.
Mike
I love how you say bagel. Bagel, Bagel, bagel.
Host
I say bagel.
Mike
Bagel. Can you say bagel?
Cas
Whatever it's called. But like he innovated on the most simple bread product. Right. So anyone?
Host
The one in New York, right? Yeah, I think I saw a story about that.
Cas
It's going national.
Host
We need them out here. The bagels suck out here.
Cas
Yeah, well, I wish they sucked in New York. Because I love them and they just like go right here.
Host
I grew up on bagels, man, in Jersey. I miss them.
Mike
We have them every day.
Cas
We love pizza.
Host
You get the Taylor Hammer.
Mike
Just plain my. Yeah. I mean, I'm a. I'm a big plain fan. Or cinnamon and raisin. I know that's like very, like basic, controversial.
Cas
I like everything bagel. I like stinky. Throw some salmon on it. Just. People know I'm coming from a mile away.
Mike
Tomato, onion, capers, salmon. Can you imagine that?
Cas
This is after you get married. You know, you gotta, like, play cool while you're not.
Mike
And safe.
Cas
Yeah. 25 years in, I'm just stinking it out.
Host
Yeah. Little hot and juicy. Have you been there?
Mike
Oh, I even know what that is.
Host
You'll be sticking for two days.
Cas
Okay.
Host
It's the seafood boil.
Mike
Oh, yeah. No, not. Yeah, it does.
Cas
A strip club.
Host
No, I don't go out there.
Mike
No.
Host
So you mentioned the daughter and I know you mentioned the son. What do you guys think the best ages these days? To have kids.
Mike
To have kids. Okay, so. Well, most people think we were young when we had them. We had. I had. I was 30 and he was 27. So I feel like he was young. I actually think that the earlier you can have them, the better, I think, think the recovery of your body is just. Especially for the female side is just. It's a lot. It's a lot. And the toll of the stress of. Of literally keeping another human being alive is. Is probably best done when you're youngest.
Host
Okay.
Mike
Now I know that that's if you want them.
Cas
Like, if you want kids.
Mike
Well, duh, then I think, I mean.
Cas
So if you want kids, have them.
Mike
Right now his question was, when do you think the optimal time is?
Cas
The optimal time is when you want them.
Mike
Oh, my God. No.
Cas
A lot of people I have found.
Mike
Here we go.
Cas
Either get talked into it by their significant other or they're both a little wishy washy. Right. So if you want to have them, have them right away. But it's okay. Not having kids. Like, kids are.
Mike
Well, that's true.
Cas
There's big investment.
Mike
There's zero ROI on kids.
Cas
Can't fire them. We like companies. So you could fire people. Yeah. Like, they're not working out. Your kids, you can't fire.
Host
That's true.
Mike
The ROI, I think happens when they get old, like 20. And then we think, we think you'll see kids. I think the ROI is about grandkids, but that's a big. That's a long investment. Think about that. That could be 30 years before you get. Yeah, the return on investment is very low.
Host
You look at the stats on how much parents spend on their kids every year. It's pretty crazy.
Mike
Oh yeah. So I was saying this to my friend the other day. We set up those. I can't remember what they're called, the accounts for college funds.
Host
Right.
Mike
And now that our daughter. So that'll be the third kid, right. Is. Is going to college. That money is ready. It's like we're going to have income now because I can just spend that money now on her, you know, in her college. I loving it. No more expenses, Viv.
Host
Let's go. Speaking of college, so did all three of your kids go to college?
Mike
Yes.
Cas
One graduates this year. We've a junior Emory and one starting at Northwestern in the fall.
Host
Nice. You guys are believer in that system still?
Cas
It's a good question.
Mike
Yeah. I don't.
Cas
We. We believe in it for the right kids. We don't think it's as necessary as it was in the past. So there's no shame involved. Companies are hiring people who didn't graduate. We don't care.
Mike
We. We hired people who didn't graduate.
Cas
I'll tell you, if you went to Harvard Business School, we're not hiring.
Mike
No, no.
Cas
Really?
Mike
No, no, no. That' your thing. You didn't get into Harvard.
Host
Ah, he's bitter.
Cas
I just find them entitled.
Mike
Like, hey, wait, but still, did you apply to Harvard? Yes.
Cas
Yeah, I got rejected.
Mike
Okay. So, yeah. So let me, let me answer the question. I think there was no alternative, I think to college for the three kids. I think our oldest needed to go because it was an exercise of getting through something, having a goal, sticking with it long enough even if you're miserable. Right. Do I think he actually learned a lot in school with like what he studied? No, I don't. Middle guy, I think he probably hasn't enjoyed classes, but I think he's loved the living, being an adult, learning how to adult. I think our daughter who wants to study like cancer and science, she's going to need those classes.
Host
Yeah, that makes sense.
Mike
Yeah. And I think she's going to love it. But no, I don't think everyone needs to go. I just don't think there's an alternative with a safety net for a majority of people if you don't go.
Cas
We're also among.
Mike
Wait, let him hear that.
Cas
Luckiest people in the world.
Mike
Let him hear that. You get what I'm saying?
Host
I'm processing that. Yeah.
Mike
Yes.
Host
Safety Net.
Mike
Because like, if you say, okay, fine, no one goes, there's going to be a lot of people with no structure and nothing to do and they're going to fall apart.
Host
Yeah, I could see that. Yeah. My thing I guess is the tuition aspect too. It puts a lot of people in debt.
Mike
Stupid. One of our friends kids got into U Miami. It's like $78,000 a year.
Host
That is insane.
Cas
Well, that's my point. Was going to be like, we're the luckiest people in the world.
Mike
Yes.
Cas
Right. Our parents were middle class, they could afford education.
Mike
Born on third base.
Cas
Yeah. So we're very cognizant of who we were born into. And our kids are even more fortunate. Hopefully they're listening. And I think the cost sets a lot of people back. And when I look at like four years of like doing something, so do something where you can show up and say, here's what I've done. Because that's what we care about. We don't care about like where you went to school, what you studied, what have you done. Right. So even if you, like, if you're working at McDonald's, if you go to Oswego, figure out your story and I think you've done this really well. What is that story that you're going to put out to the world? And it has to be based on something tangible you've done. So if you're just going to not focus for four years, you're better off going to college.
Mike
I'd like, I'd like to also see the acceptance of trade schools, you know, in the U.S. i think that's going to be a nice safety net. I can see that happening.
Host
Those jobs are coming back right now because my generation's super lazy.
Mike
Yeah. Well, so it, it, I don't want to like totally agree, but I agree.
Host
Well, when it comes to like using our hands and stuff, like if you asked a 25 year old to change.
Mike
A tire, they would not know how. Most of them wouldn't know, but it's not taught anymore. So I like the idea of trade schools. I like what Mike says in terms of like, what does your resume say? Talk about what you've done, talk about what you've worked on. Right. And I just think that you have to have that kind of structure. I think most people will need that.
Host
Yeah. I look at it also from the point of view of like how you're allocating the money. So like, would I rather spend 50k a year on college or a mentor like Gary Vee or Someone.
Mike
Well, but can you. Can everyone get that mentor?
Host
Yeah, that's true.
Mike
So, like, I keep thinking, like, it's easy to say that. I mean, let me give you this story. So when we started Buddy Media, one of the interns that we had. Gotti. Right. He came from Northwestern, right?
Cas
Yeah.
Mike
And journalism school. And he was a freshman, and he did so well at our company that summer, Mike turned to him and said, don't go back to college. And I literally. We had, like, a screaming match about this because I said, you can't say that he's gonna go back to his mother. A. And first of all, you're gonna get a phone call. And second, like, this kid needed structure. Right. He needed that foundation.
Cas
Did he, though?
Mike
Yes, he did.
Cas
We'll never know. Cause he went back.
Mike
He went back. Yes, he did. Yes, he did. Most people need the structure. I'm not saying that it's worth the money or the four years. I would love for college to be a little bit more efficient and mindful of time. And actually, what you're doing. I'm not a big fan of all the required classes.
Host
Oh, I hated those. That's why I dropped out.
Mike
I mean, it's just so stupid. I'm not a fan of, like, oh, you have to take a language. Didn't we do that all in high school?
Host
Yeah.
Mike
Like, didn't we have that forced on us in high school Spanish class?
Host
Yeah.
Mike
Yeah. Like, why do you have to pick it up in college? Why can't you pick what you want to study?
Host
Yeah. Well, you went to journalism school, you.
Cas
Said, and journalism, you mastered in it. They had an accelerated program, so I got a master's in journalism, which I have not used at all.
Mike
That's not true. You're an incredible writer.
Host
Okay, thank you.
Cas
Thank you, Cass.
Mike
You're welcome.
Cas
Honestly, I started a company at Northwestern because the Internet was happening. So I'm 50. This is 1994. The Internet, the commercial Internet was happening. We're talking about Marc Andreessen and Mosaic and Netscape, and Yahoo was now around. And so I'd launched a company in college and spent most of my college career, at least in junior and senior year, working on my company, which at the time, very few people did. Now everyone has a company in college, it seems, including our son. And that just set me on a path that if you can go to college and focus on something you love and just continue to put in the time, I think what we've realized. And you're an incredible example of this, you do something over and over and over again, good things happen. You get good at it, you get known for it, and you build a network and you can see opportunities that other people can't see. So a lot of people are jumping around every year, every two years, or trying different things. We don't think you have to be passionate about it. I know that you are passionate about what you do as we are, but find something that you're good at and do it again and again and again, and you'll have a life you like.
Host
I like that.
Mike
And then supplement, you know, you. You know, kids always talk about, like, oh, but I've got to only do follow your passion. Right. Figure out what you know, all that kind of stuff. It's rare that your passion will make the money that you need to afford your life. I think that's rare. And so instead of having that mindset, keep the passion, but figure out what your talents are, and then surround yourself with people who fill in the gaps and then supplement your life with the things you love. Right. If it all of a sudden intersects synchronicity. Right. Great. But if not, you know, you got to know what pays the bills. Right. If you want to have an independent life in which you're functioning and. And have a balance of some kind of, you know, something that you do that you love, that's another way to do it.
Host
You got to be realistic. Yeah. I mean, when I started this, I sucked at it, and I. It was uncomfortable.
Mike
Right. Doing the hard stuff.
Cas
Yeah, we know how you feel. I mean, we're reengaging with content, and just in the last year, it's like, man, we really suck. Do we? We still suck. But in five years, like, keep this tape. In five years, we're going to be awesome.
Host
Oh, I bet.
Cas
Because we do it every day, and it's kind of a practice now, and it's getting more comfortable. We listen to people who are doing. We started. We had zero, and we reached, what, 1.3 million people last year.
Host
That's impressive. Yeah, well done.
Cas
So it's just keep doing it. And our kids. What's great is your kids don't listen to anything you say. You could tell them, don't do that, do that. It's just like, out of their head. But they pay attention to everything you do, so they are watching. And your priorities and so how you treat people, how hard you work your relationship. If you're a screamer, they're going to be a screamer. If you kind of eat like crap, they're going to eat like, crap.
Mike
We notice the. The biggest thing, like, Mike and I were talking about what he just said the other day. You know, we obviously, you know, we weren't healthy during our last company. In the last, like, 12 years, we've really concentrated on health and longevity and really hitting the gym again. And now all three kids work out.
Host
Wow.
Mike
And when we tried to get them, you know, 12 years ago, like, hey, come work out. They didn't want to have anything to do with us.
Host
They didn't take you serious.
Mike
And it's like, it doesn't matter what you say. It's what you do. And now they all work out.
Host
Lead by example, right?
Mike
Yes.
Cas
And Cass has the lifts. More leg weight than anyone in the family.
Host
Really?
Mike
That's not true.
Cas
More than me.
Host
Well, what's your leg press?
Mike
No, no, a lot. Leg press is not. We were doing deadlifts. We're doing the.
Host
Dang. You guys are deadlifting.
Cas
Yeah, I hate it, but she was an athlete. She has me doing it, but she's a monster.
Mike
It's good. It's good for you. You have to work on legs.
Cas
You would have three minutes.
Mike
You got to do legs twice a week. Most people just do it once or nothing.
Host
I do it twice a week because I'm trying to increase my vertical jump right now. I got a basketball game tonight.
Mike
Oh. Oh. What. What position?
Host
Well, I used to be center, but 6. 6 ain't center height anymore these days. Oh, my gosh, these kids are freaks. They're like seven feet minimum.
Mike
Right.
Cas
And they could all jump.
Mike
Well, can you. Can you shoot then?
Host
I can't. I need to develop that.
Mike
So. So what's your skill then?
Host
My game is fast Break layups.
Mike
Okay.
Host
Yeah, because I was a tracks. Track runner.
Mike
You're fast.
Host
I'm fast?
Cas
Yeah.
Host
Ran the 800 meter.
Mike
Wow.
Cas
I mean, six. Six. Fast is valuable in basketball.
Host
Yeah. But, yeah, I'm probably like a power forward these days. I can't be a center anymore.
Cas
And who do you play against? Is like lifetime league.
Host
It's big in New York, actually.
Mike
Yeah, we're. I'm a member there.
Host
Real big in New York. They come here for the national basketball tournament every year.
Mike
Amazing.
Host
Yeah.
Mike
You guys got into pickleball at all?
Host
I tried it twice. I have the right frame for it because I'm long and skinny.
Mike
Yeah.
Host
So I think I'd be good if I took it serious. Are you guys pretty avid pickleball players?
Mike
I am, yeah.
Host
You play doubles? Mixed doubles.
Mike
I will not play mixed doubles with him.
Cas
We can work Together, but I can't compete. I'm not what they call an athlete.
Mike
No, no, no, that's not true. He's. He's pretty good. He wasn't. He's pretty good. The issue that I have is Mike's way of showing his competitiveness is not how I show it and need it on the court. So I am extremely competitive.
Host
Right.
Mike
I grew up playing tennis. I played in college. I played after college. And I need him to want to win. And there's a switch that I can't turn off. And Mike sometimes thinks that this is just for fun. And for me it's not.
Cas
It's pickleball.
Host
You don't take it serious.
Cas
I. I do with her, but if she sees a neck, she'll step on it.
Mike
On the court.
Cas
On the court.
Host
Like a weakness. You'll exploit it.
Mike
Yes, for sure.
Cas
For me, I think, like, I like having fun playing sports as.
Mike
As do our kids. I mean, our, our boys are.
Cas
I never competed at the level she did. She was a two sport college athlete.
Mike
And finally admit that. Thank you.
Host
Wow.
Mike
Well, they're D1, Mike.
Cas
It's golf and tennis. It's not real sports.
Host
But tennis is a tough sport.
Mike
Dude, what are you.
Cas
They're not team sports. They're not team sports.
Mike
It's.
Cas
I'm gonna get a lot of hate for that one. But I will tell you.
Mike
And that's untrue.
Cas
It's why she's so good at business, because she doesn't lose. And I think our losing. I love that our kind of drive comes from, like, more of fear of losing than, like the glory of winning. Like, we never thought about, oh, we're make all this money, we're going to have an independent life. It was like, if we fail, we're like, everyone, everyone's going to think we're losers.
Host
Interesting.
Cas
And rejection is always, like, for you.
Mike
I'm much more about just.
Cas
You never really got to reject it as much as I did, which is true. You got into schools because of tennis. You got jobs.
Host
Getting personal here.
Cas
No, I got rejected from four out of the five schools.
Mike
I applied to them. That's my whole thing.
Cas
But I love that I did because those rejection letters have a stack of 60 of them on my desk, and they've been on my desk every day of my life.
Host
That's your motivation?
Mike
Job, jobs and all the colleges.
Cas
Yeah. There's no, like, rejection letters from, like, chicks, like, like, well, what else would it be?
Mike
All of a sudden you said like 60. I was like, you didn't apply to 60 colleges.
Cas
No. The jobs. Like, I applied to a lot of internships in college. I always wanted to work. And all these newspapers were like, no, thanks.
Host
Wow.
Cas
And I went back and I looked at the hiring managers on the letters and they're all like, most of them are losers.
Mike
Hey.
Cas
Which I like. I went back and I looked and they're like, oh, yeah, I'm so happy.
Host
So you hold some resentment towards those that wrong.
Mike
It's not resentment for, like, fuel.
Cas
We had, like. So I don't remember all of our investors, but I remember every VC who said no to us.
Host
Wow.
Cas
Everyone. And I see them at a lot.
Mike
Of events and we know the ones too, who looked at us and were like, oh, we're not going to invest in a company.
Cas
Like, there's some who said, like. And big ones, like, brand name ones. There's one who pulled a term sheet. We got a term. She was so happy. And they're like, oh, we, you know, we talk to the partnership. We have to take it back. Which is bad if you're an investor who gives a term sheet to a founder and the founder they get, I mean, it's the best day of their life.
Host
It's closed at that point.
Cas
Yeah. And then to hear a few days later that it's like, oh, psych. Right. I was joking.
Host
Yeah.
Cas
I see that guy everywhere and I'm so happy because, like, it cost them. It was early.
Host
Yeah.
Cas
It cost them 81 times their money on Buddy Media because it was this. It was the early round.
Mike
I know. And. And Mike also.
Cas
But I love that. I love.
Mike
Yeah, no, I can follow that guy around and stand by him.
Cas
Yeah. I'll, like, be super happy.
Host
I'm not that petty, but I think getting bullied early on for me definitely motivated me.
Cas
It's just. What? It's just my motivation. And I'm super friendly to all of them. Like, I don't have a mean bone in my body. Unless I. Unless someone really rejected you. No, not rejected me. I'm nice to all of them. I don't necessarily, like, cheer for them.
Mike
I'll tell you one thing, because they.
Cas
Weren'T cheering for me.
Mike
I'll tell you one thing that you changed for me, which was interesting, is Mike would never allow. If someone in our company decided to leave, which was very rare, he would never allow a party for them. He's like, why are. Why are we celebrating them leaving? It's just the wrong way to look at it. And you celebrate people on the way in.
Cas
If they're going to another company. I know, like, if they were, like, for some reason, but there was this culture, I don't know if it still exists, that, like, when people leave a company, you have like a going away lunch.
Host
I heard about that.
Mike
Yeah, yeah.
Cas
And I was just like, no fucking way. Like, we celebrate people the day they start and every other day, but once they're not on our team, I wish them well and I hope they do great, but they're just not on the team. Right. It's like, you know, one business. Yeah. Like, when someone leaves your basketball team, you're like, great.
Host
Yeah.
Cas
Like, you're not on the team. I also talk to you and I.
Mike
Hope you're competition now.
Host
You see them as an enemy now.
Cas
Not really an enemy. I don't see it. Just kind of. You're not my people. Like, from a team perspective. Having said that, we've had, like, a lot of people leave to start their own companies, which we love.
Mike
Which we love. But I will say it had us change our focus a lot because most people think, okay, we should do all this bonding stuff and everything like that. And we took it very seriously how we hired them, the interview process, getting to know them, and making a big deal their first year. If you could make it with us a year, that was a big deal. So we actually didn't have a lot of people who left other than to start companies, which was Cass.
Cas
I mean, one of the cheat codes from the book is all about how to put the cult in culture, because it's still work. You're not going to love work, but if you can create an environment where people are laughing and they're recommending their friends and they're doing work they think is valuable, like, to them personally, you have a really positive experience at work and you have a company that's powered by that. And so Cass, who is an incredible manager and HR director, was able to create rituals and symbols and traditions at a company that you would see in kind of like a cult or religion, which I think kept people bonded to each other and not just through goofy things, but through philanthropy and giving back and going into the community. And every company event would have some sort of social good part. Making sandwiches, donating toys. I remember over the holiday cycle for survival, we've helped raise 400 million for cancer research.
Host
Wow.
Cas
And so that part of the culture of how do you do good together? Is a really big cheat code in the book.
Mike
It also helps too, because whatever you start with as a founder, the chances are you're not going to end up with whatever you thought you were going to do. You're going to pivot. And we had that happen, what, three or four times at Buddy Media, our last company. But if you've actually spent the time making sure the teams are working right and providing great leadership, which to us means radical transparency. We would share financials, we would share all the good, all the bad choice. Yeah. I mean, our investors hated it, but never leaked.
Cas
We treated the employees like they're the board.
Mike
Yeah.
Cas
Like, we owe you to tell you, like, what's going on. Just so you know how your work levels up to the company.
Mike
Yeah. So they can all be aligned. And.
Cas
And that's part of the focus that you talked about. Like, they knew what the number one area of focus was, which is really helpful because there's a conversation that happens at a lot of software companies and other companies. You know, the person building the product has a whole, you know, roadmap. Person selling it is like, oh, I need this for this customer. We're not gonna be able to get this customer. So we build it. The product seems like, okay, we have a full roadmap. What do you want me not to do? Right. Well, I need all that, but I need this as well. When you focus and you say, listen, number one is getting new customers on board. Number two is product. You then can, like, look at both of the team members. They listen, you both have valid points, but we're gonna build this because getting new customers on board is the number one focus for the business.
Mike
You can make decisions, so you go.
Cas
Back to your areas of focus to make decisions. And people don't feel like you're just choosing sides as a leader.
Host
Yeah.
Cas
You know, we've. We ran the companies as kind of, I think, benevolent dictators. Like, we listened, but it was, like, our decision. Right. A lot of companies these days are run as, like, democracies, crowdsourcing their.
Host
Their shit, which is hard with a board and everything.
Cas
Yeah. Just. And like, hey, let us know what you think.
Mike
Let me send out a survey. Like.
Host
Yeah, I hate filling out surveys.
Cas
Yeah. Where it's like, leaders lead, and you know, a leader when they're leading. And most people who aren't leaders want to know that someone has their hand on the steering wheel.
Host
Yeah.
Mike
And let's also forget that because we shared all the information and because we were relentless with being transparent, when we did have to pivot, no one jumped ship. Right. Because a lot of people are gonna be like, oh, my God, I have no idea what we're doing now?
Host
Yeah, they'll freak out.
Mike
They'll freak out and they'll be like, screw this, let's all go. Right. One person leaves two, then it becomes a mass exodus. That didn't happen when we had to pivot. And I think that's because, again, we committed to making sure that we were focused. And then we shared that focus 100% in every conversation. Hey, remember, you're doing this because these are our top three goals. Hey, remember, like, it would be all teams, one on one, department meetings by the water cooler, you name it. Yes, it is harder as well, being remote. I hear this all the time, but I don't buy it. Like, you just as leaders, you gotta go where the hubs are and you gotta meet with the people.
Host
You guys went fully remote.
Cas
We didn't. We sold the company before COVID And if you remember, it's like 2019. No one did video calls. Yeah, like that whole zoom thing. Like, we used to use, like, Skype way back when, but it was not a thing. Like, you wouldn't hop on a work call and a T shirt from your house, like a video, and you wouldn't. Yeah, we're not believers in remote work. We think that if you're doing something that's important, being together, bouncing off each other, that electricity is important.
Mike
Energy.
Host
I'm big on that too.
Cas
And just getting to, like, especially the creative ideas. Like, you walk into an office, you're like, wow, I could feel.
Host
Yeah. I don't do any pods. Remote.
Mike
Yeah.
Host
All in person, which I love.
Cas
Like, and it's just, you know, we're in a world that everything's so easy. Instant gratification, like taking the time to put down the phones to, like, interface with your co workers or colleagues or new friends. Like, it's where it's at.
Mike
Yeah.
Host
Yeah. Well done. That's phenomenal culture. Because job hopping is a common trend these days with my generation.
Mike
Yep.
Host
Every two years.
Mike
That is, by the way.
Host
That's a good question. I think it's a lot of things, but I don't know.
Cas
The attention span dropping generation, though. Yeah, I don't. No, but I'm not that much older than you, but I don't. I think companies have taken people for granted and they haven't evolved with the digital society we're in. And so what does that mean?
Mike
I mean, that's very vague.
Cas
So hiring managers don't get back to people.
Mike
Well, that's. Ghosting is just a lot of ghosts.
Cas
Then people start at companies and there's no constant feedback. Number two, number three is the best thing you can do for employees is show them that you see a path for them, a path for growth. So the first thing I would ask any new employees, like, what are your goals? Not here in life. Do you want to start your own company? If so, like, I want to know that. Do you want to like, work for ge? Do you want to kind of travel the world?
Mike
We're talking rich, we're talking about small companies. We're talking about, like starting companies. Like, this isn't what you do if you wanted to go and work for a corporation.
Cas
Most companies ignore this.
Mike
I agree.
Cas
Most companies look at these young people as just cogs. We see it with their.
Mike
They also don't. They also don't. They don't believe that everybody counts. Right. So it's not that. Like Mike called us benevolent, benevolent dictators. I actually believed that everyone's opinion counted. It didn't mean that I actually was like, oh, I'm going to sway my vote, but I am going to listen to everyone. Despite age, where you've come from, what your background is, I think that's important. Again, it goes back to the energy. Because if everyone's aligned with the mission and you're in the same headspace and you know how you're rowing. Right. The pace, you know that you're in this boat together, good stuff happens.
Host
I agree. But no, I definitely agree with you too. It's interesting because my grandparents had the same job their whole life. Yeah, I mean, and that was common for that era.
Mike
But why? I mean, I go back to like, what you said. You think your generation jumps a lot. Is it that they're just not happy with the perks or they get bored?
Host
There is a lot of comparison in my generation. So they'll see their friends making more money on social media or whatever and they feel like they need a leveling up. Yeah, I think there's not a lot of patience.
Mike
Oh, so there's no earnings. So it's, it's immediate gratification. I don't like this all the time.
Host
Even myself, I find myself wanting instant gratification when I make a post.
Mike
Right.
Host
If I don't hit a certain amount of comments, I'm like, damn, like, right, what's going on? So I find myself in that. And a lot of kids think like that.
Mike
That's hard. That's a hard way.
Cas
I think that that, like what you just said is like part of your craft. Which is why I love kind of content these days. I went to journalism school, you would publish in the Chicago Tribune and you're like, there's no connection.
Mike
There's no feedback.
Cas
Right. And so I think that, like, paying attention to the metrics that matter is what propels you forward in any business. And you know, unfortunately, we're in a world that it used to be we didn't value, like, old people as a society. And now I don't think that a lot of companies value the young people because it's never been a better time to be young. And people. Every young person I talked to, I was Talking to a 10 year old the other night. We had dinner at a friend's house. I'm learning about apps, I'm learning about kind of culture. I'm learning about, like all of this stuff which is under the radar and how they communicate. And so that is what companies should be using in their.
Mike
And not be fearful of it too.
Cas
Yeah. And I think that, like, we're seeing the death of the old manager.
Host
Right.
Cas
And.
Mike
Or the career manager.
Cas
The career manager. And, you know, in a few years, all the managers will look like kind of us in some way. Right. And I think that that's great. Like, we are the first generation that had email in college, you know, so everyone younger than usual. Well, we, we didn't have email. We had email, but no one emailed us.
Host
Right.
Mike
Well, that's the difference. Right?
Cas
Yeah. Now, like, people email you. Like, why the hell are you emailing us?
Mike
I do, I do find it funny like that. I had to teach the boys especially, and our daughter. But the boys that, like, hey, when they're applying to internships, work is done over email, not text. And so please check your email.
Host
Yeah, I prefer tax.
Mike
Oh, I mean, I get it, but you can't do long. You know, you can't move a product forward in a text. Slack, you can do it in Slack. But Mike had this thing where he wanted to get the whole family on Slack. Yeah.
Host
How'd that go?
Cas
Not well.
Mike
We're not in Slack.
Cas
I just, I lose a lot of stuff.
Host
Yeah.
Cas
Insurance cards. I'm like, just get it all in Slack. Let's all just work in Slack.
Host
Yeah. Yeah. It's hard getting the fam in one little chat.
Mike
You know, we have some fun ones, though.
Host
Yeah.
Mike
Yeah. Ours is called Fab 8 because we had three dogs.
Cas
It's. Oh, wow, Chad. Like, Chad is where we live our life. Like I think all of us. And you know, we want people to text us when we have a relationship. Like, if it's an email It'll get buried. Well, for people who are like mad at me for not returning email, like, I have a thousand emails.
Host
Yeah.
Mike
For you, I. I get back to people.
Cas
I try to, but it's just very hard because if you are going to do great work.
Mike
Oh, here we go.
Cas
You just can't sit in front of your computer. Right. Like. Like answering emails is doing other people's work. And so I open my email when I.
Mike
Or it's pushing the work to the right person.
Cas
Listen, I'm not the most responsive to some people, including my wife.
Host
I guess I've seen this approach. I think Damon John talked about it. You can become a slave to your email. I was a slave checking it every 10 minutes.
Cas
So maybe I've gone too far to the other side. But we'll talk about it later.
Mike
Yeah.
Host
I check at least twice a day.
Mike
Just twice?
Host
Yeah, because sometimes it's important.
Mike
Wait, that's it?
Host
Is that not a lot?
Mike
No, it's not a lot.
Host
I feel like that's a good amount.
Mike
Interesting.
Host
Really? Twice a day?
Mike
Twice.
Host
How often do you check yours?
Cas
I would say five.
Mike
No way. You do it more than that.
Host
Wow.
Mike
Well, no, you might get the notifications. You don't care about them.
Cas
I mean, I'll. So I think we scanned, so we've inbound from like 100 companies. I probably do all of our stuff.
Mike
25.
Cas
So I'm scanning. Wow. But. And I'm also constantly saying, hey, if you really need me, it's an emergency, text me.
Host
Yeah.
Cas
Because I can't guarantee.
Host
Well, you guys have hundreds of companies. I don't have this.
Mike
So.
Host
Yeah, that makes sense.
Cas
But it's, you know, everyone's got to figure out how they can work in a way that like, lets them do their best work. Yeah. Right. Like, I like you, I have a very distracted mind.
Mike
You never wear an Apple watch.
Cas
Like, I get distracted easily.
Host
You have adhd?
Cas
Yes, among other things. And so for me, it's very hard. Like all these notifications like, disrupt my flow and I'm all about flow of like, how do I get into this, like, rhythm of like doing what I think is important work to me?
Host
Nope. I live on do not disturb.
Mike
Interesting.
Host
I think I'm on that mode all day.
Cas
And it's the best thing for your brain, probably. It lets you do your work.
Host
Yeah, Well, I just.
Mike
Do you want kids?
Host
I do.
Mike
Yeah.
Host
So that's why I asked that question. Partially just my own.
Mike
Well, I, I would have them. When you're young and do this and work hard. Because I think the best thing is that you get the time back when they're older. Bigger kids, bigger problems.
Host
Yeah. I was thinking 30.
Mike
Yeah.
Host
For 28 right now. Yeah.
Mike
Great.
Host
29.
Mike
30. Let grind now. When they're little, everybody can love them.
Cas
It doesn't grind when. When they're big.
Mike
Right after. After they need you, they get to that tricky. Like, 12 to 18 is just. You got to be around them.
Host
Yeah.
Cas
You're gonna be a great dad.
Host
Thank you.
Cas
Know how to listen, you know, to communicate. Like, and you can be cool. You're gonna be present, and that's what it's about.
Host
I love it.
Mike
And you're still gonna mess up. That's what we also do.
Cas
And you're gonna feel like a loser, like, the worst parent ever, every day.
Host
Damn.
Mike
Yeah.
Host
I know. It's challenging. Yeah. Well, guys, it's been awesome. Anything else you want to close off with?
Mike
No, I just appreciate you having us on. I appreciate you having the book there.
Host
Yeah. Check it out. We'll link it below.
Mike
Yeah, no, I just. Thank you. I appreciate it. It's been fun talking with you.
Cas
Yeah. And everyone reach out. I mean, we're.
Mike
We're here to help.
Host
Don't email him, though.
Mike
Don't email him.
Cas
Like. I mean, listen, email until, like, we respond. It may not be right away, but, you know, all of our infos at cast and mike.com or shoveling shit dot com. And the only reason we put this out was to help build your confidence as an entrepreneur from the mistakes we made. So here's our 50 cheat codes that we think will, like, help you avoid issues. You'll probably make all the same mistakes, even though we'll tell you, like, what to do, but hopefully you avoid some of the pitfalls. I love it.
Host
We'll check it out, guys. We'll put the. Is it on audible, too?
Cas
It will be.
Host
Okay.
Cas
Yeah. June 3rd, it comes out, and then we'll be in 100 different countries on audible. And obviously, if you like analog, that the Amazon.
Host
Love it. Yeah. I'm an audiobook guy, so I'll definitely give it a listen. Thanks, guys. Thank you.
Cas
Thank you. Appreciate it.
Episode: Why Focus Is Every Entrepreneur's Superpower | Kass & Mike Lazerow DSH #1365
Release Date: May 7, 2025
Host: Sean Kelly
Guests: Cas and Mike Lazerow
Sean Kelly welcomes long-time partners Cas and Mike Lazerow, celebrating their remarkable 28-year collaboration both personally and professionally. Their enduring relationship is underpinned by mutual respect, effective communication, and a shared aggressive approach to business.
Cas (00:00): "You do something over and over and over again, good things happen."
Mike (01:04): "We don't take anything personally. I think that really helps in our personal side of things."
Central to Cas and Mike's philosophy is the concept of focus as an entrepreneur's greatest asset. They emphasize the importance of identifying core priorities, saying no to distractions, and maintaining clarity in business objectives.
Cas (03:20): "Focus. Use how to use it as a superpower. And the entrepreneurs who focus, who know how to say no and know what to say yes to, can do whatever they want."
Sean agrees, noting his own strategy of becoming selective with opportunities to avoid dilution of efforts.
Sean (03:09): "I'm getting more picky on what I say no to."
Cas and Mike have invested in over 100 companies, achieving impressive outcomes with approximately 35 exits, including transformative successes like Scopely and Liquid Death. Their approach is founder-centric, preferring to "bet on the jockeys" rather than just the horse, ensuring that they support entrepreneurs with the right vision and execution capabilities.
Mike (10:19): "They are not just typical VCs. We're entrepreneurs. We roll up our sleeves."
The Lazerows attribute much of their success to a strong, cult-like company culture. They advocate for radical transparency, treating employees as integral parts of the mission, and fostering an environment where everyone feels valued and aligned with the company's goals.
Cas (38:03): "We put the cult in culture, because it's still work. You can create an environment where people are laughing and they're recommending their friends and they're doing work they think is valuable."
They reject remote work, believing that in-person interactions generate the necessary energy and creativity essential for innovation.
Cas (41:12): "We're not believers in remote work. We think that if you're doing something that's important, being together, bouncing off each other, that electricity is important."
Despite their aggressive business demeanor, Cas and Mike maintain a loving and supportive personal relationship. They highlight the challenges of separating business from personal life but credit their mutual respect and ability to communicate effectively for their success.
Mike (01:21): "Our love language is work. That's our love language."
They also discuss how their improved personal health and older children have enabled them to focus more intensely on their current ventures post the $750 million exit from Buddy Media.
Cas (02:43): "It's a lot easier now because our kids are older and we're healthier."
Cas and Mike express a nuanced view on the traditional education system. While they value college for providing structure and foundational skills, they acknowledge its high costs and question its necessity for everyone. They advocate for trade schools as a viable alternative, especially for those inclined towards hands-on careers.
Cas (21:11): "We believe in it for the right kids. We don't think it's as necessary as it was in the past."
Mike (24:20): "I'd like to also see the acceptance of trade schools, you know, in the U.S."
The Lazerows attribute their entrepreneurial success to an unyielding work ethic and resilience. They discuss the relentless nature of entrepreneurship, acknowledging the high stress and lack of perfect days but embracing the "beauty in the struggle."
Mike (08:28): "There's nothing more miserable than being an entrepreneur because, you know, all the shit that's thrown."
They emphasize the importance of outworking competitors and staying committed despite personal and professional setbacks.
Cas and Mike explore the shifting landscape of entrepreneurship, highlighting how advancements in AI and technology have democratized the ability to build and scale businesses. They note that modern tools reduce barriers, allowing entrepreneurs to focus more on marketing and communication rather than just engineering.
Cas (15:09): "We could sit here and launch like nine companies this afternoon, literally on the back of like these AI coding platforms."
They also discuss the importance of adapting to new technologies and leveraging them to gain immediate customer feedback and iterate rapidly.
Mike (15:46): "Technology's not the barrier that it was. Oh, I can't pay 200,000 for like a full stack engineer. Now you just build yourself."
Cas and Mike Lazerow's extensive experience as entrepreneurs and investors provides valuable insights into the critical role of focus, the importance of a robust company culture, and the evolving landscape of modern entrepreneurship. Their discussions offer actionable advice for aspiring entrepreneurs looking to navigate the complexities of building and scaling successful businesses while maintaining a balanced personal life.
For more detailed strategies and their "50 Cheat Codes for Entrepreneurs," listeners are encouraged to explore their upcoming book, available on Audible and other platforms from June 3rd.
This summary encapsulates the key discussions, insights, and conclusions from the episode, providing a comprehensive overview for those who haven't listened.