Vets Receive Smart Advice From “Shark Tank” Investors At White House Event

news

On Wednesday, Aug. 27,  three members of ABC’s reality competition series “Shark Tank” --- Daymond John, Robert Herjavec, and “Mr. Wonderful” himself, Kevin O’Leary --- attended the White House's Champions of Change veteran entrepreneurship event. The Champions program highlighted 11 veteran and spouse owned-businesses and nonprofits from multiple industries and geographies. From over 600 applications, these founders were chosen for the success and impact they are having on the veterans community.


The Sharks spoke to attendees about their investing philosophies and offered advice on starting out in entrepreneurship. John brought up how he invests in individuals first and products secondary. In contrast, O’Leary said he invests in a good product, but it’s up to the entrepreneur to make the business grow. According to O’Leary, veterans have the skills and attitude needed to give themselves a 20-30% better chance of success over their civilian peers. This mean finding a good product with a veteran founder makes for an easier investment decision.

One such example is RuckPack energy drinks founded by Maj. Robert Dyer. Dyer went on “Shark Tank” in 2012 and received an initial investment from O’Leary and Herjavec. In telling Dyer’s story, O’Leary offered to attendees some business advice: Create a solution, not a company. RuckPack’s product was a solution to the problem of not having the right energy drinks while deployed. Dyer and his team did not create RuckPack because they wanted a company, but because they needed a solution to their problem.

A second key point addressed by the Sharks and in discussions during the reception was that veterans tend to possess a level of humility that may hold them back. Herjavec’s point was that veteran entrepreneurs need to find the sweet spot between being humble and “…an arrogant SOB.”

John advised that when selling a product, find some “confident humility” and pitch your company, making sure to highlight all of your accomplishments as a service member and as an entrepreneur. Along the same line, make sure to use that confidence to work the veterans network. Reach out to established business owners and talk to them about their successes and mistakes. Simple suggestions from someone who has been there before will make a huge difference in the success of your business.

The more veteran entrepreneurs I meet, the more I find they want to pay it forward and help those coming behind them. Use all the power of the network to succeed and remind people of the success veterans are having after their transition to civilian life.

Roughly a dozen U.S. troops showing concussion-related symptoms are being medically evacuated from Al-Asad Air Base in Iraq to Landstuhl Regional Medical Center in Germany, a defense official told Task & Purpose on Tuesday.

Read More

In a Galaxy — err, I mean, on a military base far, far away, soldiers are standing in solidarity with galactic freedom fighters.

Sitting at the top of an Army press release from March 2019, regarding the East Africa Response Force's deployment to Gabon, the photo seems, at first glance, just like any other: Soldiers on the move.

But if you look closer at the top right, you'll find something spectacular: A Rebel Alliance flag.

Read More
The maiden flight of the first CMV-22B Osprey took place in Amarillo, Texas (Courtesy photo)

The first of the CMV-22B Osprey tiltrotor aircraft the Navy plans on adopting as its carrier onboard delivery (COD) aircraft of choice has successfully completed its first flight operations, manufacturer Boeing announced on Tuesday.

Read More
A soldier plugs his ears during a live fire mission at Yakima Training Center. Photo: Capt. Leslie Reed/U.S. Army

Another 300 lawsuits against 3M flooded federal courts this month as more military veterans accuse the behemoth manufacturer of knowingly making defective earplugs that caused vets to lose hearing during combat in Iraq or Afghanistan or while training on U.S. military bases.

On another front, 3M also is fighting lawsuits related to a class of chemicals known as PFAS, with the state of Michigan filing a lawsuit last week against the Maplewood-based company.

To date, nearly 2,000 U.S. veterans from Minnesota to California and Texas have filed more than 1,000 lawsuits.

Read More

GENEVA (Reuters) - North Korea said on Tuesday it was no longer bound by commitments to halt nuclear and missile testing, blaming the United States' failure to meet a year-end deadline for nuclear talks and "brutal and inhumane" U.S. sanctions.

North Korean leader Kim Jong Un set an end-December deadline for denuclearization talks with the United States and White House national security adviser Robert O'Brien said at the time the United States had opened channels of communication.

O'Brien said then he hoped Kim would follow through on denuclearization commitments he made at summits with U.S. President Donald Trump.

Read More