Kevin O’Leary (AKA Mr. Wonderful) might be the world’s favorite (and most outspoken) investor. You’ve probably seen him on “Shark Tank,” where he’s doing deals with startups, putting overconfident entrepreneurs in their place, and often making boring products into billion-dollar companies. Kevin has the Midas touch, or at least it seems that way on television. Still, he doesn’t shy away from mentioning failures and the enormous lessons he’s learned that eventually led him to make hundreds of millions of dollars.

But before Kevin was Mr. Wonderful, he was just Kevin, the local ice cream scooper who learned a hard lesson about being an employee. After college, Kevin started a production business, which eventually led him to create The Learning Company, a $4.2 billion business that allowed Kevin to enter into a new stage of wealth. Since then, he’s been aggressively investing in (and building) private companies inside and out of Shark Tank. And after investing so heavily and working so hard, Kevin knows EXACTLY what makes a company (and investment) succeed or fail.

Today, we get a glimpse inside Kevin’s personal investment portfolio, the three things he thinks EVERY entrepreneur should have to make it big, and why diversification is one of the most CRUCIAL ways to build and protect your wealth. You’ll also hear how to invest in startups like Kevin does, why Kevin makes big bets on women entrepreneurs, and how he’s investing during today’s recessionary environment.

Show Notes at:
https://www.biggerpockets.com/blog/money-392?utm_source=youtube&utm_medium=description&utm_campaign=none
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Here’s What It Takes to Succeed as an Entrepreneur:
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Work with Kevin:
O’Leary Ventures: https://olearyventures.com/
StartEngine: https://www.startengine.com/
WonderTrust (Employee Retention Credit): https://wondertrust.com
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Episode #392

00:00 Intro
02:53 Money Moment
03:25 From S*** Scraper to Shark Tank
09:22 Secret Investments and a Smarter Way to Spend
15:35 What Makes a GREAT Entrepreneur
19:26 Where to Invest in Businesses
21:46 3 Signs of a Phenomenal Deal
26:43 Own a Business? Do This NOW!
33:33 Mr. Wonderful’s Portfolio
37:01 Invest with Mr. Wonderful!
39:14 The “Alchemy” of Investing