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My First Million - Episode 487 Summary
Podcast Title: My First Million Episode Title: Meet The Man Behind Conor McGregor’s +$650M Empire Hosts: Sam Parr & Shaan Puri Guest: Audie Attar Release Date: [Insert Date]
Episode Overview In this episode of My First Million, hosts Sam Parr and Shaan Puri engage with Audie Attar, the manager behind Conor McGregor's impressive $650 million empire. Attar shares insights into the world of mixed martial arts (MMA), detailing his experiences managing top fighters, the economics behind significant events like the Mayweather vs. McGregor fight, and the evolution of MMA as a lucrative sport. The conversation also delves into the challenges faced by McGregor amidst public scrutiny.
Key Themes and Discussions
- Early Days of MMA and UFC
- Attar reflects on the early days of UFC and the changing landscape of MMA.
- He discusses signing notable fighters like Michael Bisping and the initial discovery of Conor McGregor.
- Signing Conor McGregor
- Attar recounts how he signed McGregor just as he was emerging into the UFC spotlight.
- He illustrates the pivotal moments that showcased McGregor's charisma and potential.
- Managing Fighters
- Insights into what it's like to manage high-profile athletes like McGregor.
- Discusses the balance between athlete’s management and personal branding.
- Creation of Proper Twelve
- Attar shares the story behind the creation of Proper Twelve whiskey.
- Highlights the decision to create a brand versus accepting sponsorships for short-term gains.
- Economic Impact of Major Fights
- Analyzes the financial dynamics of the Mayweather vs. McGregor fight.
- The discussion includes insights on pay-per-view economics and fighter compensation.
- Handling Criticism and Challenges
- Attar addresses the public criticisms McGregor has faced throughout his career.
- He speaks about the nature of fame and the scrutiny associated with it.
- Advice for Entrepreneurs
- Attar provides advice for aspiring entrepreneurs, emphasizing the importance of thick skin and resilience.
- Emphasizes the need to be adaptable and learn from both successes and failures.
- Future of MMA and Boxing
- Discusses the evolving landscape of MMA and the potential for new business models.
- Speculates about the integration of celebrity fights in the future of combat sports.
Key Takeaways
- Vision and Innovation: Attar highlights the importance of having a broader vision for talent management beyond mere contracts, emphasizing the need to create intellectual property and media.
- Creating Legacy: The significance of building sustainable brands that resonate with audiences and resist being mere marketing gimmicks.
- Resilience in Business: The journey of entrepreneurship is fraught with difficulties, and success often requires enduring challenging periods without immediate rewards.
- Public Perception: The complexities of public perception, especially concerning high-profile personalities, and the delicate balance between publicity and privacy.
Closing Thoughts Audie Attar's journey illustrates the intersection of sports and business, demonstrating how strategic thinking, resilience, and creativity can lead to monumental success. The episode serves as a thorough exploration of the modern MMA landscape, the business intricacies behind major athletes, and the evolving narrative of fame and criticism in the public domain.
Links and Resources
- Follow Audie Attar: [Twitter](https://twitter.com/audieattar), [Instagram](https://www.instagram.com/audieattar/)
- My First Million YouTube Channel: [Subscribe Here](https://www.youtube.com/channel/UCyWyVYpV3u9Lwh9pYg6I9Gg)
- Host Information:
- [Sam Parr](https://twitter.com/theSamParr)
- [Shaan Puri](https://twitter.com/ShaanVP)
This episode encapsulates the ambitious spirit of entrepreneurship within the world of sports and entertainment, offering invaluable lessons for listeners interested in the business of combat sports.
Written by AI. May contain mistakes. Listen to the episode to check what was said.
Transcript
Automatic transcript. May contain errors.0:28what was reported, get into the specifics. But yeah, so for Floyd's side, it's very reasonable to think that he could have pulled in 100. Assuming that he didn't take it all.
0:45I see all these interviews with you. I see you on the UFC, like, behind-the-scenes stuff, and you're always wearing slick suits. And you're dressed nice right now, but I just saw that you're drinking out of a Stanley mug. just to remind everyone at home that no matter how fancy someone is, we all have a little basicness inside of us. You know, I always say like, you know, it's business, much like sports. You have to, you know, you wear your uniform to play the game, right? But we're all human at the end of the day. We all have our casual clothes or, you know, our at home. I've only seen one interview you, and I've watched a bunch of interviews.
1:24There's only one interview that you weren't wearing a suit. You were wearing like Lululemon and a hat. I'm going to have to switch it up now, man. I have to switch it up. But it's a pleasure to meet you guys. You should zig and zag the other way. Because I think a lot of people in the agents, talent management, they are all very slick looking. You should go the other way. You should go at leisure as your main thing. Because you were an athlete. So I feel like you can pull that off. And a lot of guys in that space will all look like suits in comparison. I'm going to have to, man. I'm going to have to make people remember that I was actually one of them before I became a suit.
2:02Well, there was some bum out there in San Francisco who was the first person to wear just like, you know, pajama bottoms and a T-shirt instead of a suit. You just that's that's your burden now, I guess. I'm from Cali, too. So I got to start just rocking flip flops. You know what I mean? Just just all good with the flip flops in the shorts. In Silicon Valley, it's like the opposite. Like I remember when I first moved here, I went to like this nice kind of like club speakeasy type thing. and everybody's waiting in line and a guy walks up with a hoodie and you know it just looks completely disheveled and the bouncers know like all right this guy's either homeless or a billionaire we don't know which one we got to just err on the side of maybe this is like the next mark zuckerberg let him in let him in first go that way i realized oh shit the status game is different here that's funny i heard a lot about that yeah certainly uh counterculture if you will to business the normal bit the new york the new york hustle is all suit and tie whereas the san francisco hustle is definitely flip-flops and and holes in your t-shirt you know so your introduction here is it's it's there's you've done a bunch of stuff so so you've started paradigm which is uh and you just call it an agency a sports agency sports management company i'd say it's a sports management entertainment platform it's what it is platform all right with uh the most famous guy being conor mcgregor but i also think you have izzy do you have one more champion on there i thought you had three so izzy's a former client of ours but definitely was an amazing client while he was with us uh michael bisbing michael bisbing steve one of wood thompson michael vennon page ricover who then uh past clients obviously like chris lytle who was actually one of my first clients that's how i got into the sport um but yeah very fortunate to work with some of the greatest fighters of all time though yeah so just a bunch of ballers but then you also co-founded proper 12 which we're going to ask you all about it but according to the headlines, it was like a$600 million exit.
3:51So you've had some, maybe even more success there than the main thing. What's cool is, so you run a talent kind of like, let's say, well, part of your business is talent management, talent agency. And that's cool. There's a bunch of our audience that also owns agencies, which I think is great. But what I liked about you is that you have also kind of the venture side. So you're like creating brands and business ventures off the talent. And we've talked about these kind of creator brands in the past. We had, you know, Mr. Beast on here and he's got all these kind of like feastables he's got other uh you know corporate brands underneath it we had a instagram starred uh danny austin come on and she's got divvy like a hair care brand that's doing you know way more money than she can get kind of just in in versus like influencer brand deals and so what i like is that you've got and rob dyrdek yeah rob dyrdek you've got both and that's been a theme that we've kind of been been playing with so i think we'll we'll try to hop around a little bit but i definitely bless you bless you i mean i'll be remiss if I didn't give you those two sorry oh wow what a gentleman look at that John may edit it out and then that's that's that's a character shower right there I'm like I'm talking if Sam's dying over there I'm gonna finish my point I don't care yeah he's good he'll come back yeah no no I appreciate the recognition look at I mean We certainly, I feel, were one of the early platforms slash agencies, if you will, that really saw not only an opportunity, but more so wanted to do more for our clients.
5:24We wanted to disrupt our respective industry, but also think far beyond that and not just think transactional. For me, in mixed martial arts, it was an underserved market. And we wanted to not only advocate for our clients, but advocate for the sport, really push fighter not only earnings higher and higher, which still have a long way to go, but they've come a long way from when we first started back in 2009 in the sport. And we were very fortunate because we came in right before the first, you know, rights deal was actually paid. You know, the UFC was paying to be on Spike prior to the Fox deal.
6:03And as, you know, most people know, that's the main economic driver of any professional sports organization, whether it's the NFL, the NBA, and now obviously from a mixed martial arts perspective, the UFC. They were paying Spike to put themselves on TV? That's publicly known. No, they were actually paying for that airtime. So the original Ultimate Fighter and then all that was broadcast on Spike back in the day. Yeah, they were not only funding their own production, but they were paying for that airtime. And Fox was that really first paid deal that the UFC garnered, which was a monumental milestone for the sport and for the promotion.
6:46And the sport of mixed martial arts, you know, is, is, it wouldn't be here without the UFC, which is the catalyst, but where the sport is today. Now you have other promotions that are competing and promotion is very synonymous with leagues, right? So when you talk about leagues, um, you know, it's, there, there's certain terminologies within sports world that are very similar, although there's a lot of differences as well, right. In terms of, you know, athletes in the NFL NBA being employees and then fighters being independent contractors. So for us, we saw an opportunity of it not only being the fastest growing sport and an underserved market for the athletes, but then also really thinking beyond just management.
7:24How could we create, you know, more value for the clients? And, you know, it takes a special client and a special personality like Conor McGregor. So I was very fortunate to sign him 10 years ago. And, you know, and we had a vision and he was very, very bullish about that vision as well. Let's rewind. Let's rewind to that. So you, uh, your story is kind of the, I'll give you the first part very fast. So you're, you play football at UCLA and I'm getting injured. You move into a management side of things. You got, you got some kind of football players as your first clients. And then you branch into MMA and you discover Conor McGregor.
8:02Can you tell the story? How did you, how'd you discover Conor? What was, what was his situation like at that time? And, uh, what was those kind of the first meeting? Take us back to those days. Yeah, sure. So I think taking it back to the first days, the early days of really working with guys like Chris Lytle, right? Getting into the business or working with a guy like that. I got to work with him for one fight and he retired. So then it was being able to sign Michael Bisping, which was a massive opportunity for me and someone that I'm so proud of, not only as a client, but as a friend as well.
8:37Went on to be the first British champion, first UFC champion from the UK. And he was a pioneer of mixed martial arts for all the up-and-coming athletes within Europe, Ireland included. So I was very fortunate enough to start to work with Michael and other clients as well earlier in my career in the UFC and mixed martial arts in particular. And so when I signed Conor was when he first came on to the UFC scene, right? He was fighting in the regional promotion in Europe, Cage Warriors, which is still around and still a, you know, let's call it a mid-major, if you will. And these are, to some extent, they're professional promotions, but they're feeder programs in the larger promotions, if you will.
9:23And he had just signed to the UFC, and we were introduced, interestingly enough, like through Facebook. And at the time, he was looking at signing with one of the agencies in the sport. And I got an opportunity to pitch him and his coach, John Kavanaugh, as to why I felt that we would be the best fit for him. So you got to put your best foot forward and give it a shot. And hopefully you win that business. And I was fortunate enough that we got the first opportunity actually to work with him heading into his first fight. We said, okay, well, let's pause now. Let's talk after this first fight. So he beats Marcus Brimage.
10:09Was that the 50 G's baby? That's the famous line from that fight. And after that, his second fight was his U.S. debut actually against Max Holloway. And we started to work with one another heading into that fight. And so the rest is history. But one of the things, you know, you recognize is not only his athletic ability, but then he had special knowledge talent inside the octagon, but you could tell he was very special and charismatic. He had that it factor that, you know, is, I think it's once in a generation type of an athlete as well, not only from a physical perspective, but a qualitative perspective.
10:48And so, you know, the sky was going to be the limit in terms of what we could do together. And was that, I mean, I've seen all the, there's these older interviews where Conor still has acne, he has no tattoos. And he says, like, you know, mark my words, you will see me in the UFC. You will see me as a champion one day. And then coming up, leading up to that Marcus fight. And then I think it was Dennis Silver in Boston, if I remember correctly. Like in the early days, you still see that he has some type of star power on camera. but behind the scenes uh even at a young age in his early 20s did you notice that uh the confidence and the star power was there just in your normal hanging out sessions yeah you could definitely see his charisma behind the scenes and um you know he was like i said he's very witty uh very very confident but also very engaging you know i think one of the things i always tell people is that you You know, majority of people in the world know who Conor McGregor is.
11:47And I would argue that most of them have never seen him fight. They've actually seen more of his interviews and him talking because, you know, when he talks, you can't take your eyes off of it. Right. He's just so fun. And whether you love him or hate him, you're watching him, you know, and that's that's I think what makes him special. Yeah, you find a Conor is kind of like we've had guys on this podcast that are like, yeah, I discovered Uber. I was like the fifth investor in Uber or, you know, like their early investors in Facebook or something like that. Right. It's like a, it's like an angel investment that goes on to become this is what we call it.
12:22It's like a unicorn, right? It's like this billion dollar brand that you discover at that early age. Where were other people pitching him for business at that time? Cause I remember that first Brimage fight, there was like a hype around him. Like even his entrance entrance, people were like really excited about him. And I didn't know who he was at the time. So I don't even know how people were so excited about the guy at that time. So I imagine that, you know, there were other agents trying to win that business at that time. Do you have any good, fun anecdotes or stories of like your hustle at that time to get him?
12:54Or was it like, no, people, it was kind of like an ignored asset. People didn't realize that this was going to be, that he was going to be a big deal. And it really was, it didn't look like it was like this hotly contested thing. No, I definitely think that people were hot on him, but I think everybody was pitching him on the same idea. It was more transactional. And I think where I stood out, Shirley, was because I had a broader vision. I had a broader vision of creating IP and creating media and content, but also creating business ventures. And I really was bullish on that idea. And I remember even when I first launched Paradigm in 2009, my business plan was not only to be the best in class from a management perspective, but build clients, media and IP, whereby building more brand equities to them.
13:46And that will yield not only more answer their revenues from a sponsorship perspective, but increase their value from their playing contract or perspective athletically and also leads to business ventures. And, you know, I was laughed at when I first had that business plan. It's too busy, focused on what you could do, you know, like, and I think that that's what stood out to him because he had that vision for himself as well. And it was even if you think about what we did back in 2017 with the Floyd fight. I mean, everybody thought we were crazy, you know, that that fight was never going to happen.
14:21And everybody doubted us. everybody, even some of those ended up doing the deal and partnering with us. So ultimately, we had to believe in ourselves and more importantly, go out and actually execute, right? Because you can have dreams, you can have visions, you can start something, but if you don't execute successfully, it means nothing. And now that trend is common. Those exhibitions now are commonplace. You see everybody now taking place in these exhibitions and there's an appetite from a consumer perspective for these unique matchups where people are matched up from different sports just to compete in combat sports.
14:59And then we even launched our venture on the back of that. We launched proper 2018. And so, you know, again, at that time, I think it was maybe George Clooney and maybe Puff Daddy at the time, you know, but I don't think anybody else now, like spirits everybody has some type of a liquor brand that they're they're hawking and and then ventures is commonplace as well so you know to me i'm proud of the fact that we had this vision that we were able to execute more importantly you know because um it's very hard to do it's hand-to-hand combat everyday entrepreneurship i uh i want to ask you about the proper 12 stuff but before that so like i grew up watching entourage and so you see like re-emmanuel or Ari Gold, dealing with crazy young actors who have money and it's like drugs and sex.
15:44And then ballers, it's like drugs and sex as well. But the difference between ballers, what's NFL. But then there's the difference, I imagine, with UFC fighters where it's, you're not an actor. You're not a player. You're going to get out there in your underwear and fight to the death in front of millions of people. Can you tell me a little bit about the difference between managing someone like Connor or Izzy? Because I imagine, are they crazy? What's that mindset like on a daily basis and that mentality, particularly when it comes to business? Have you found that you've got to hold them back from being so aggressive sometimes?
16:24Or what's that like with that type of athlete? Well, first of all, I don't think they're crazy per se. So it's not because of the profession or the sport that they're in that they tend to be maybe a little bit, you know, crazy, so to speak, right? I mean, like when I say crazy, I mean like high risk. Well, I think, look, it means depending on the field you're in, that's subjective what you think high risk and not. Most people that come from, let's say, if you're a neurosurgeon, you're going to think the combat sports is super high risk, right? But ultimately, I think every human being is different.
16:59There's certainly, when you're that competitive, you're going to be driven. and you're going to be more aggressive. And I think I see it even in business. At the highest level, there's that chip on the shoulder. There's that edge that every high-level competitor has, whether it's an athlete in different sports or whether it's a businessman or woman at the highest level of their respective field. So obviously, business acumen varies, right? So if you're talking about an institutional investor versus a professional athlete, that varies. But even within the sport, you have athletes that have a very high-level business acumen.
17:33Connor's not trained from an institutional perspective. He didn't go get his MBA. He doesn't have that academic background, if you will, right? But he's a very natural businessman. What's a story as an example of that? I mean, the story is proper 12. I mean, could have easily taken a check from a sponsorship perspective and been so short-sighted as opposed to putting up our own capital initially, finding the right operating partner, finding the right strategic capital, supply chain route to market, going out and creating her own working without getting the sponsorship check for x amount of posts or y amount of appearances if you will for an ultimate windfall that changes life and is generational wealth so that in itself is a great example do you guys have like jameson like hey we want to sponsor you and you were like dude fuck this connor let's do our own thing he's always had a desire to get into whiskey it's it's like he's irish it's part of their dna right and his grandfather was a was a whiskey man.
18:30And we always had the idea when we were approached by a sponsor and it was like, do we go and pursue a sponsorship and take a check or do we just go and own our own business? And when you study the category and looked at the TAM and you looked at the opportunity, you're like, this is right for disruption. We actually could really come in and do something here. And so that's a perfect example of his natural business activity, because it's hard to do that. And especially at that level, he wasn't making a ton of money yet up until we got to the Floyd flight, which is, by the way, when we announced our entry into the market.
19:06We announced our entry into the whiskey market in our post-fight press conference. Yeah, I remember he's holding the glass at the post-fight. We started, though, the process in 2014. And we were doing a lot of research and development and pivoting from different groups. And ultimately, we found the right formula, if you will, on the right team, et cetera, right? And the rest is history. And that to me takes a lot of intelligence for an athlete to do that's not trained, hasn't had the experience of building a business and moreover the patience, right? To really bet on himself. How much of your guys' capital did you put up to get it off the ground?
19:46And do you remember what your first year sales was? Well, I'll tell you, I can't disclose all the information just through the strict confidentiality provisions that exist with our partners and our acquirer. So I got to be safe. But I can tell you that we put up probably a few hundred thousand of our own capital initially. I can say that, right? And that's, you know, I mean, most of that went to lawyers, if you will, just before you even got started. But it's like strategically, I think the way we set it up, and we have great partners, you know, one of our partners is an operating genius. is a wizard in the spirits business, Ken Austin.
20:25So I got to give him a shout out. Yeah, he had another company, right? I mean, he did Avion. Then he did the property with us. He's done Terramata now. He's done Dololo. He's a jeep when it comes to the spirits business. And when you find people like that, are you doing just like a 30, 30, 30? Like, you know, you guys all split equity evenly? I can't go into the details of the cap table. I wish I could. But again, there's strong confidentiality provisions in all agreement. But it's a fair deal. And I think everybody's happy in the end. But moreover, you bring on a black belt that knows what they're doing.
21:01Because at the end of the day, that's part of operating a business and being successful. It's like, you know what you don't know. But essentially, no matter what the cap table looks like, you got to make sure you bring on the right expertise, right? From an operational perspective, you have to have all the right ingredients to be able to execute successfully. So even with something like that, let's say, just to put this in perspective, the decision to say, well, we could just take a straight sponsorship deal, get a check, make a few Instagram posts, and cash that check versus we're going to do the entrepreneurial work and actually build a brand.
21:36And the payoff difference, I imagine, you can tell me for a moment, I think it's probably a hundred to one. Would that be approximate? So like, you know, if you just say, okay, over a few years, we would have a kind of an alcohol sponsor and we're, we're doing, you know, kind of these scheduled posts with them or commercials with them or whatever it may be. I think it's probably something like 50 to a hundred X bigger return by doing the work. Is that, I would say it's a more, it's a multiple of that. a few hundred how much would a sponsor should have been I mean back in that time when we first started the process it would have been like 250 ,000 or something like that by the time we launched it probably was in the 7 figure range in terms of sponsorship annually right?
22:24That's like an annual deal? Annual deal right? So a million some millions per year in order to promote a whiskey versus hundreds of millions yeah exactly so i would say i would say like it was you know you could run any you know analysis even in ntv and look at like how we won and won big you talked about the mayweather mcgregor thing how that came to like how that nobody thought that that was going to happen and then it actually happened and it was kind of amazing i remember vividly where i was i remember i was on i was in australia and i had to get up at a certain time i was at a bar at like five in the morning or something like that to watch that fight.
23:01But I also remember the buildup, like there was the kind of back and forth, almost flirting on social media, talking trash to each other to try to generate interest. Because I think both guys, Floyd and Conor, probably the two smartest businessmen ever that come through combat sports. And they kind of knew, OK, this is the right dance partner for us to like execute something orders of magnitude bigger than what we could do. and I remember at the time it was seen as almost like the Elon Musk Mark Zuckerberg thing today where it's like wow it'd be crazy if it happened but there's no way just to get all these people to get everyone to agree seemed impossible can you take us back I see all these videos of you hanging out at Connor's house or whatever the behind the scenes stuff there had to have been just a couch conversation where you guys are like okay could we do this how could we do this what what was that early days like before it came to fruition so i to your point i think you know you have two of the smarter and shabby businessmen in combat sports that really understood you know the modern day fandom of both sports right and early days like he wants to do it and then it would be shot down by ufc by by members of the media by whoever that just doubted that it would ever happen.
24:20And I think that the banter is really what allowed it to happen. Because once they started going back and forth, and you could actually see the level of engagement and interest from a market perspective and from a consumer perspective, it was hard to deny it, right? It was hard to deny it because it was like, this is real. It's viable. It's a win-win scenario and a win for all parties who'd be involved, why not? The fans want it, the fighters want it, and moreover, the numbers were speaking for themselves from an analytics perspective. So that allowed us to really use what the two fighters were intelligently doing on a very instinctive level.
25:04There wasn't planned, there wasn't scripted, it was very instinctive, but moreover, I think what my job is, is to look at the data and be like, right, there's something very viable here. There's something that you have to be able to take and continue to advocate and push for your client because you could effectively have a successful business opportunity, even for the UFC. And so I think it took them a while to come around, but eventually they did because they realized there was just such amazing and intense interest around this event that it was real. It wasn't a gimmick. It was something that everybody wanted to see.
25:44And so I think that was a credit to them too, because again, it went against all their, their, their normal business practice. They'd never done something like that before. And it took, you know, I think for them to see the substance of it all to then move forward with us. And ultimately it was a huge success. I mean, over 4 million buys. I mean, I think there's probably, there was a something, there was some report I remember receiving. It was, yeah, like hundreds of millions of illegal streams. I mean, And we still did over 4 million buys. You know what I mean? So could you imagine if it was the most bootlegged fight ever?
26:18If we would have just been able to even just plug some of those holes, how many more buys we would have had, right? But I mean, it was such a commercial success. Can I ask you a quick question about those buys? Yeah. So you said 4 million buys. I'm not attacking this strictly about this fight, but when I see pay-per-view numbers, like what the headlines are, I think most of them are complete bullshit I think that when a fighter says like for example I remember Floyd has multiple times said he's earned nine figures so 100 plus million off of one fight and I think I've seen Conor say I think he was just talking shit but he's like oh I'm making this much money off this cowboy Cerrone fight I think those are nonsense and the reason I think they're nonsense is it's almost like a rapper bragging about how much money they have it's like part of the brand you're not it's part of your brand and also no one's incentivized like dana or showtime or hbo they're not incentivized to like tell the public that yeah this dude's full of shit we gave him two million dollars he didn't earn 20 million dollars off this thing oh no let me let me just like it's not public information that's a loaded because there's certain elements of that you know could be hypothetically true but for example compensation is not fully reported when you're talking about UFC, particularly MMA.
27:38That's not fully reported what the person's movie are at the highest level. You know what I mean? So it's actually more. Is even that true? It's just what's reported to the commission and assuming that they don't have, let's call it another agreement. So that's actually, in terms of pay-per-view, there's speculation. So for example, Maymac in particular, there was, you know, I think there was rumors that were starting to trickle in that it did over 60 million buys or something to that extent. You know what I mean? But it landed in like the 4-3, 4-4 range. And that's actual, right? I mean, ultimately, those are not fudge numbers.
28:13And so what you were hearing about what potentially Conor made and potentially Floyd made, on our side, I know it's more true. On the Floyd side, I don't know if he divulges who he splits it with or what that looks like on his side. So I can't comment on his, right? But UFC was our partner. So I know what they're, what we're reporting for Conor was Conor's. What was reported, I think was 30 to Conor and a hundred to Floyd. Was that what was reported? I don't think so, but maybe, I mean, in terms of what you're talking about reported to the, the commission of the papers. No, no journalist ever actually like breaks that down.
28:51You know what I mean? So that's what I'm saying. Like these numbers are so high and I hear that. And I've, well, it was higher. I think for, for, I think it was for certainly higher for Conor that I know. And, you know, for Floyd, I would imagine it would be probably around there or higher, just depending on what he did. Wow. You really think that$100 million was true? Well, I mean, Conor was, you know, I'd say just under$100, right? When it's all said and done. So that's his part. So again, we had a partner in the UFC, and I won't get into the specifics. But yeah, so for Floyd's side, it's very reasonable to think that he could have pulled in$100.
29:28assuming that he didn't take it on, didn't have partners he split with. You're a business guy, so you see what Floyd did in the boxing business where he basically became his own promoter, runs his own ship so that he can take the lion's share of the revenue or the profits that come from an event where in the past, guys like Mike Tyson and others sort of got screwed because they're out there fighting, generating all this demand. Then they look at 10 years later, they're like, where's all the money? and the promoter has basically enriched themselves in that way. And obviously the UFC is totally different.
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30:02It's like a league. It works differently. But a guy like Conor is essentially as big of a brand as the UFC. Like, you know, let's say it's debatable. They're in the same, like, the same, like, air. And if Conor McGregor was to go do a fight on YouTube, pay-per-view or whatever he wanted to do, he could pull the same numbers as a UFC card without the UFC's promotion. do you think like i guess when you see what floyd did do you think anybody's ever going to do that with the ufc or in mma where they're going to become their own promoter and have their own shows i think the sport is still young and it's still evolving right and while the ufc is to some extent synonymous to league as a promotion it's still structured to some extent you know like price fighting right there's still pay-per-view and even though there's rankings sometimes you'll the rankings are not, it's not true meritocracy because it's still price fighting and entertainment to some extent.
30:56Right. Um, and, and I think that they have come a long way, but there's still a long way to go in terms of how much fighters should, could earn, should earn. Um, but at the end of the day too, from a boxing perspective, I think that's why boxing has been on the decline. It's still fragmented. Right. And there's the end of the day, there's not a true promotion. that's stood the test of time. I know Top Rank's been around forever, right? But who do they really have? Matching seems to be doing more. Obviously, Premier is still around and still, PBC is still competing. But you see it kind of fragmented, right?
31:34Canelo fight for Matching, for a couple of fights, and then he's fighting for PBC for a fight. And the difference is, though, I think in boxing, promotions could fight each other, and so they have to agree on that, right? I think in MMA, it's going to continue to evolve, right? You now have the ability. Can Conor do that? Of course, I think Conor is probably the only person who can carry his own show. It's very difficult to do, right? It's hard to go. How many million pay-per-view sellers are there in either sport? Not a lot. It's not that easy to do. So I think that from a UFC perspective, they've always looked at it as like, look, we're building something that's sustainable.
32:17And they are correct. in that regard, but I think that fighters definitely should have a bigger piece of the revenues as this thing continues to grow, which I think they've come a long way, but they still have a long way to go, right? Yeah, I was going to say, you know, the other group that's trying to do their own shows is the kind of Jake Paul, Logan Paul style thing where they're doing these kind of celebrity matches, high interest fights, and getting people to buy pay-per-views for that. Seems to honestly be working. I don't know what you think about those guys, but I personally used to be like, oh, you know, kind of wrote them off as just like, kind of like they were like in the jackass crowd of like the YouTube generation, the Vine generation.
32:56And then they said they were going to do this boxing thing. Who knows how seriously they'll take it. But honestly, like they've done a good job of actually like building up interest and pulling these events off and being like respectable, showing up very respectably and winning several of these fights. You can't hate on them, man. You can't hate on them. You're putting the time. Actually, our client Dylan Danis is fighting Logan Paul coming up. Dylan Danis is your client? Yeah, yeah. Oh, my God. That is so funny. Are you the genius behind his current marketing strategy? Did you sign off on that?
33:29No, no, no. That's all Dylan. I thought you might have been his client. There's a famous video where Nate Diaz and Dylan are getting into it. And, Nate, there was a beer on Dylan. And I saw you in the video trying to be like the father in the whole. Like you're like, Hey, Nate, Dylan, could you guys please walk away? Is that good? Didn't work out. My kids didn't listen, you know, but no, I, you know, you got to give those guys credit. I mean, look, I think they're, they're, they're putting in time in their craft. They're, they're going in there and, and they're not only, you know, taking a shot and risk it, you know, I could argue that they're not really doing it against real boxes.
34:07That's true. You know, I think they're being more strategic and, but, you know, again, credit has to go to Connor, right? Who created that trend? Who started that? It was us versus Mayweather. And then now, I mean, even if Floyd goes and fights someone else, he doesn't get the same result without it being another two A-side guys facing each other. And while I give all of them credit too, I don't think you've seen this blockbuster event that anybody's been hoping for. So at the end of the day, though, there's a market though. There's an appetite from a consumer to go look at me and you, Sean. I think we may only get 100 people that tune in, but nonetheless, there's a market there.
34:45Don't even on YouTube. Sam is going to have to pay. You underestimate how many people want to see me get my ass looked. Sidewise, my friend. I think you're right. You're right. They've been begging to get Conor in that. I think that's the white whale that Jake Paul is chasing. What is the percent chance that a fight between Conor McGregor and Jake Paul ever happens? I mean right now Conor's focused on Michael Chandler I'm saying ever I can tell you Floyd the rematch is there Logan Paul wants to fight him Jake Paul not zero it's not zero it's just not top of mind right now you need to take off your sports jacket you need to have a proper 12 I want the non-politician answer you managers are so good at saying the best of everything It's funny.
35:37It's like, I wonder if I just wore freaking streetwear and, you know, and dyed my hair, bleached my hair like I used to when I was a young folk rock kid. You know, if everybody would really just hear what I'm saying, this is not bullshit. I'm just telling you the truth. Like, if he's going to fight Michael Chandler next. Right. It's not. We're not thinking about that. You know what I mean? But ultimately, of course, we know he wants to fight. Of course, we know it's there. And of course, I think if everybody keeps doing their thing, it's going to be a moment. market for it right so well let's talk about the the biggest of these freak show fights right now is elon versus zuck and it was one of those things that like in our world's like that's that's never happened in the kind of business and tech world and then dana comes out and kind of certifies it he's like no they want it to happen we're talking to them we might make it happen which was yeah but he always does that exactly it's dana white so you never know uh but you know it was interesting that he got a little bit more heat from that.
36:35What's your take on that? And again, same question. He does that, but I don't know if Dana would have gone on a limb if he hadn't really talked to both, right? Well, I'm sure he talked to both, but... I don't think that he would have done that, you know, and even Zuck training with freaking, you know, a bunch of different fighters, Izzy and Volk and Jon Jones and then Elon bringing in GSP and do you believe it'll happen? And if so, I believe Zuck would be down. Catch weight, whatever. It doesn't matter. I agree. Like, I think Zuck is down. Zuck is truly, you know, training. And regardless of this fight or not, he's in there.
37:20Does that mean you think Elon might not be down? Because that's our theory here on this podcast is that Elon wants to talk about it. Look, from the outside looking in and all the information that I have, which is probably less than what you have being in the tech world. You guys have some fricking secret telegram groups and shit. Who told you about that? Dude, knowing you or like knowing what I think of you, you're probably going to be managing them. I mean, I'm like, Hey, I'll, I'll, yeah, I'm definitely going to pursue them, you know, but so long as we get some rights, not just transaction, we got to build something together, you know, but no, but I, I, I think it's up to Elon.
37:56I, I truly think it's up to Elon, you know, And I don't know. Can't tell you what's in his head. Dana came out and said, if it happened. They probably looked at the numbers, though, for both X and threads. They're like, this is great. But Zuck's more serious. Like, no, don't talk about it. I saw those text exchanges and all that kind of stuff that kind of were leaked. And like I said, Zuck's about it. He's not bullshit, you know? Dana has said, if it happens, it would be the biggest fight ever. He thinks it would surpass Floyd Pacquiao. it would surpass Floyd Connor he thinks it would be that because it's just like the freak of all freak shows in that sense it crosses over into so many different fan bases or domains you get all the combat force people but you'd also get the business people to watch I think so it would also be the saddest fight ever yeah it'd also be really lame to watch it was actually kind of fucked up the way Eli was all about it and then all of a sudden it's like it's not going to be the UFC it's going to be charity like wait a second you can't play along all this fucking time and then and then all of a sudden pull the rug.
39:01You know what I mean? Did you see the video of him curling a 40? He had like a 20-pound or 40-pound weight at his office and he did a live Twitter where he's like, I'm curling to prepare. It's like, dude, I swear to God, if you think doing curls at your desk is how you prepare, this is not going to be good. Wrong sport, buddy. Wrong sport, man. You know? I didn't see that. That's funny. That's hilarious. Dude, let me ask you a quote about some other slick guys. So basically, a lot of people who don't watch the UFC they don't know that uh so dana's the front guy you know he's doing a lot of the match setting and uh he does all the talking and he seems like a wonderful businessman but the fertita brothers interest me most because they were uh i think i think dana only owned like four or six percent of it when it sold but the fertita brothers owned most all of it besides some outside outside money because they were already wealthy but they seem like those guys they don't do a lot of interviews and they're a little bit behind the scenes they seem like sharks have you learned anything interesting from the two brothers and Dana about business?
40:02Well, so obviously, look, they sold their business now, right? Endeavor ended up with William Morris at the time. They bought it. But I had the pleasure of being able to deal across from Lorenzo Fetida on a couple of clients, particularly Connor, obviously, at that level. and they're very savvy businessmen, very, very composed. You know, I, it's not, it's the dynamic when I'm on the opposite side, naturally it's adversarial a lot of the time. Right. And so, you know, at the end of the day, I'm advocating for my clients. So it's, it's, I'm not their best friend. Right. And it's not like they're going to invite me over for Christmas and, and, uh, but, but we do have, we did have a respectful relationship and I really, really enjoyed dealing with someone you know that that has been not only stressful in our sport and a pioneer in it but was a super successful businessman in the casino business and other businesses as well so you learn you learn from the interactions and the dealings and the negotiations that you're you're you're doing like for example when when Mayweather McGregor happened and we we basically got what we were achieving or were striving for from a negotiation like Connor and We had that moment when we walked out of Lorenzo's office.
41:20We're like, you fucking did it. You know, it was like a hot moment, right? And so do you guys keep a straight face until you get to the parking lot? Yeah, do you get giddy and start hugging and shit? Well, in the meeting, in the office, you have the smirk. You know, you don't give it away. Right. And then, yeah, when you get in the car, you're like, ah, shit, you celebrate. You know? But yeah, man, I think it's the human shit. I think that's what people don't realize. I mean, it's like it's the same in all sectors, all sports. And even the most composed person that doesn't do any interviews, I'm sure have had those moments in their own journeys as well.
41:56Right. I read on Front Office Sports, I think it's called. It's like a sports publication that the final exit for Proper 12 was six hundred million dollars. And I think that was only four years after you started it. It's six hundred million dollars in the ballpark. Three years. And I can tell you, listen, if it's probably printed, then you got to go with that because I can't necessarily comment on the specific numbers, but we're still involved too. It's not, you know, at the end of the day, it's, it's, we, we're still, you know, part of the team. We're still pushing it to grow the brand. We just came out with a new flavor, our Irish apple flavor, which is amazing.
42:33Um, you know, dangerously amazing too. Cause I, you know, you just, It drinks, it goes down so easy. But yeah, man, I'm super proud of that. Was that like a new level for you wealth-wise? And I mean, or were you able to make money a little bit along the way? You know, I think that was a whole nother level, right? That was a whole nother level where you're able to achieve, you know, your ultimate goals, right? But ultimately too, you're proving your concept. You know what I mean? Ultimately, we're not having to go sell the platform. We're creating liquidity events by creating opportunities left and right, not just for clients.
43:13Now we're creating ventures that are accretive to the platform. We have a smart basketball technology called Hoop. We have some other ventures in the pipeline that are coming out that are very much focused on advocacy for the entire sport and creating something where we're putting our own capital in these things to create opportunities for everybody else. And there's other things that we're creating specifically for our clients. So in lieu of having the opportunity to invest or an athlete maybe not having the brand equity to go start their own venture, how can we bring them along the ride with us for the next proper 12 years, if you will?
43:56right i always like to ask people this um because i remember you know when you start out in business typically you have kind of nothing to your name and you've got this literally nothing credit card debt like exactly nothing so you start at zero or usually you go below zero you dip below zero for a period of way below zero well the funny thing is and this is what people don't appreciate like my wife now she was my girlfriend and she had a job and we were literally maxed out credit cards And for the first seven years of paradigm, I didn't take a paycheck. I was paying team members and staff before I was paying myself.
44:34And I think people lose time to that, you know, it's like, but, but then when you have huge success, you still try to do right, take care of people. But even that's sometimes no good deed goes unpunished. Right. But ultimately the, it's a war of attrition. You have to be able to withstand all of it and really believe in what you're doing. And, you know, eat shit sandwiches daily. Right. You're way there. You know what I mean? You eat these shit sandwiches for, in your case, seven years. In my case, I remember like sort of eight or nine years straight of just like in my case, it was just kind of failure.
45:09But like in your case, at least you were building it up. And then you finally have the moment where it's kind of like validated, realize a payday comes in. You get a windfall along the way. And like financially, sure, that's exciting. And things change. at a logical level but before it hits the logical level there's kind of the emotional level of like what does that feel like um what thoughts go through your head at that time we had a guy come on the pod he's like like dude i used to just every day for the next week i just drove to the bank and i would just go in the atm put my card in and say print receipt because i just wanted to see it and he's like i didn't even have anything james hong he's like i didn't even have anything i wanted to spend it on he's like i was just amazed i was just amazing to look at that because I knew the seven years or whatever, the years that go into not being there, not having that.
45:59And we had other people that were like, you know, oddly numb feeling. I didn't feel anything. And other people are like, you know, I had a conversation with myself. I said, all right, now I'm here. Here's this pivotal conversation I had myself. So I always like to ask people about that moment because I think there's usually something interesting that happens. It's not just like just another day. So it's surreal to me because, you know, on one end, it happened during COVID. So it was a weird fucking time for all of us, right? And you get there, and honestly, it's like you're pinching yourself. And because it's a new age, you don't have to necessarily go to the bank account to print the receipt anywhere.
46:37You can just look at that. I certainly did that a few times. It's like, what? But also, you have to make decisions. We hired more people. We gave people raises. We gave people bonuses that had nothing to do with that part of the business. and we invested back in the business. And so I was, first thing I bought was my mom, a house and a car. And so I was trying to really stay grounded. You know what I mean? And more importantly, try to do right as best as you can for those that are important to you, both family and on your team, right? And ultimately still like just enjoy the moment And because we were kind of everybody locked in at home, it was, you know, every night it was for my wife and I was just surreal.
47:27And it's like, you know, then you start to think about, OK, well, do you tell your kids? Do you not? How do you raise them right away? How do you make sure I'm hungry and you know what I mean? It's not about that. A lot of things change, right? Because it's like you get there and you start to realize you got to start planning, thinking and and acting differently. but then also other unintended issues start to come up you know like you know that was i forgot more money more problems this is true you know at the end of the day uh what problems just a lot of different things i think people want shit people want shit on a pre people think that they deserve shit uh unappreciative people no matter what you give them you know they just unfortunately have a self-inflated view um you know i think there's there's a whole list of issues that come up with it right um that's the reality but it is you got to take the good the bad the ugly and just keep rolling to bunches and level up and level up and evolve that's what it is i thought you were gonna say you had a red panty night i was i was waiting for it that was the
48:34you said it for me i did and you had two bites of the apple right if i remember correctly like i think you guys did you guys sell a portion of the of the business early on and i think you sold half of it and then another, I don't know if it was the half or the rest or another big chunk. Was it a hard decision to sell or did you have 600 million reasons? It was, I mean, look, first of all, it was amazing at the time, but always after the fact, you're like, now we still have, we're still part of the business, so we can still keep making a lot of money into the next decade or longer at the end of the day.
49:12Because it's always difficult to think about, oh, what it should or could have, right? But you got to be able to count, you know, the fortunes of it all, you know, and, and be grounded in, in, in that positive reality. It's not a negative thing. You know, it's very easy to always Monday morning quarterback something like, Oh, we shouldn't have sold because of this, this and that. You have those regrets, which I think is normal, by the way. I think most people who not maybe most, I think who they sell, you all, if you sell it right, you tend to sell early, right i mean that tends to happen i think i think the way we structured the deal allows us to really not only made a ton of money but we just continue to make a ton of money and and you know ultimately have i had those thoughts sure you always think about it and because it's for me it's more so okay it's about execution right so not only do we execute but then how's how the deal how's the How's this?
50:10How's that? And so I'm kind of like constantly watching the film to make sure that I'm learning and growing as an entrepreneur because I'm not resting on my laurels either. I'm not done. Right. And so I'm still playing the game. While you play the game, you got to be able to not only celebrate the victories, but watch the tape back and see where you could have gotten better. Right. That's the only way you're going to be the best at what you do. So I have a partner who a business partner who basically he was he was already successful before, but his second company, he was about to get a$200 million check for the sale.
50:40And it was one of those clickbaity websites on Facebook that showed top 10 lists. And then Facebook changed the algorithm. And the sale dropped from$200 million to$30 million. And it was just a massive issue because of platform risk. And there's a lot of fear of platform risk. Do you view Connor as your platform risk? Because he gets in trouble sometimes. Sometimes he gets accused of a lot of stuff. Sometimes maybe he actually did do it. Sometimes he didn't do it. Do you get nervous about platform risk with Connor of like, shit, if he does something really bad, I'm I'm fucked. Yeah, well, he's been accused of a lot of things and he's never been.
51:21That's that's the facts. Right. But obviously, there's always risk and everything. And I think when you look at, you know, such a, you know, Connor is kind of like an enigma. Right. So there's certainly going to be those that may be averse and not want to do anything. But at the end of the day, whoever gets involved with us understands the McGregor brand and understands inherent risks that potentially come with that. But ultimately, they also look at the track record, and that is always going to win the day, right? Because you could make all these claims, accusations, whatever. But ultimately, the facts are the facts, and the results are the results, and the data is the data.
52:01So I think when you look at all those things, some of all parts is why we have a healthy relationship with all of our business partners and we continue to incubate and launch other exciting businesses in and around the kind of brand. For me, he's the biggest client. He's also the top 1 % pop culture brand in the world. So it's like, unless I go inside the other people in that small bucket, if you will, he's always going to have that, let's call it, proportionate risk value across my platform. Right. But ultimately, we're also, you know, much more than just one client. And we're building something that for me is into the future.
52:47Right. John, did you see what happened with Barstool? So basically Barstool Sports sold to a betting company, a pen pen. Yeah. And I don't remember the final sale. Six hundred million plus. Dave made a killing. I think he got in stock, I think, right? A lot of stock. Yeah, he got a lot of stock. I think he got some. I think he was able to sell some. I know that on Wall Street, you could see that he did sell a little bit. And basically, after three years, Pem was like, Shit, you guys are insane. It's really hard for us to do... Because we're regulated as a casino. It's really hard to let you do what you want to do without hurting us.
53:25And ESPN wants to do this big deal with us, but they won't do it if we're with Barstool. You know what, Dave, here, look, just have the company back. And if you ever sell it again, we get half of the profit. Cool. and in exchange, we're going to do this ESPN deal, which is going to boost our stock. We're good. It was like the greatest coup of all time of like, you know, Dave getting, Dave selling it and then them just saying, here, actually, we don't want this. You know, maybe we have a world where the buyer of Proper 12 is like, hey, this was cool and all, but you know what? You can just have it.
53:55It's yours now. You can have it back. I think that was brilliant. It's a great move for him. And I think he still has Penn stock too. So then the stock goes up and he wins it again. so good for him yeah that then that's a that's an interesting sector we're getting ready to enter into as well so that makes sense that's a I'm interested to see what they do with it now right barstools and see what they end up who they end up you know partnering with to try to get that off the ground you probably I'm guessing you kind of studied other people who had talent like this like I don't know if you're in a group chat like Scooter Braun and like you know John Chahidi or some of these guys that are managing you know the sort of the big stars those same top 1 % kind of like people who can move the needle.
54:36John's a friend. I don't know Scooter, but John's a friend. Who's John? What's his last name? The guy who manages the Nelf Boys now. Oh, yeah, yeah, yeah. Yeah. He has a dozen or so of some of the top podcasts and personalities. He's certainly an entrepreneur I respect. And so you kind of studied them a little bit. if somebody was studying you and they see what you're doing with connor and how you built like i'm just going to name them off so you did the whiskey brand proper 12 you have netflix documentaries and like entertainment that way you have roadhouse which is like the new movie coming out you have the august mcgregor the the suit lines you have title which is like the recovery spray you have the fast app which is like fitness like app uh plus and i think like gyms coming or whatever like you know something like that like a fitness brand that obviously fits and we have actually have a event-based uh competition coming with three called 3ko so that's going to be you know think of of spartan race meets meets meets uh crossfit games you know very cool so you have that you have uh i think it's like a mobile game that he's in you do like kind of the the celebrity fight with mayweather there's all these different things you've done around that person that brand and i'm sure some of them worked amazingly and some of them probably were too much work for what they were worth.
55:56You just, you learn as you go, right? You're not, I doubt you were the one entrepreneur who just magically had everything right from day one. No, no way. Right. So if somebody was studying you or somebody had, you know, it was, it was, it was with the next McGregor was with another star creator. Would you, what would be your kind of like advice to that person? How would you advise them based on your learnings of the last 10 years of trying to figure this out? Yeah. I mean, first and foremost, I'm still learning, right? I'm still learning. I'm still growing. What I would say is, you know, you have to be ready to, you know, not only dream, but act on those dreams, right?
56:35And come prepared from a research and preparation perspective, building out a plan and be fluid because it's not always going to go to plan, right? But if you're prepared and you do have a plan, you're likely to execute, even if you have to deviate a little bit because you have to stay fluid with what reality hits you with, right? You have to also have thick skin, man. Like at the end of the day, it's a war of attrition. You're going to eat shit sandwiches daily for a long time. And so you got to be able to withstand that with a smile, but be able to see through all the noise, the pressure, and more importantly, have that ability to communicate with that client, right?
57:15Because you guys got to stay in sync in terms of what you're building. I would say, you know, one of the things I wish I would have done, build a team around you that's more experienced than you, right? Because ultimately, I think that that's what's going to allow you to accelerate your plan as opposed to bringing people and then having to deal with other things like those people turning on you for one reason or another. How big is the paradigm team? It's still boutique. So we're about 15 on the whole co-level, but then every brand co, if you will, has its Don't respect the team, right? And what I would also say is, you know, don't stop innovating, right?
57:55Don't stop trying to create new opportunities that have to align, right, with their client, right, organically. But you got to make sure you're able to clearly define that. What's your criteria? So, like, you've gone into these 10 different categories. How do you pick which category to go into? Well, first of all, it's aligned organically. and they have to have a genuine interest because you can't sell something that's fake. I mean, everybody thought, and it's another thing, everybody thought proper toll was going to be a gimmick until they tried it. Obviously, if you don't drink, you don't drink.
58:28But if you try it, you're going to be, oh my God, this is great. We made sure we created a substantive brand, right? It wasn't going to be just something that we just put his face on it and try to sell. And that's important, I know, to him as well. And that's why he believes in the ventures that he's involved with. He's very passionate, but they're of substance as well. They're of quality. So you have to understand the market. You have to understand the players in the market. You have to understand how you fit in and how you can disrupt the market and grab market share. And you have to put a plan together that allows you to have a higher probability of success with the black belts that are going to help you operate the business.
59:09you know and then having all the other components that making sure that you could actually build a product or service or substance by the way did you ever consider just putting his name on it it's like you have like uh jameson or johnny walker or jack daniels like mcgregor's name is so famous it's an interesting brand decision it's actually take it's taken we did think about that but actually there's a the mcgregor clan i think it's a scotch if i'm not mistaken so that that That was certainly considered. We also considered notorious Irish whiskey at one point. Right. And, you know, again, even earlier days, there were a couple other names that were floated around.
59:48No, Proper 12 is a good name. Proper 12 is good. It's a great name. Again, we'll be. What's it mean? Is it like the 12 districts of Dublin or something? He's from Dublin 12. So each, let's call it borough or city within Dublin is a number. And where he's from is Dublin 12. And so, and proper, I mean, they always say that was a proper night out, you know, like, oh, it was a proper good time. So, you know, proper number 12. That just made sense for the brand. And again, after pivoting several groups and finding the right partners, you know, we came up with the brand together. Sean and I are big fans of words, you know, like we'll hear someone say something and we're like, oh, man, the language they use was beautiful.
1:00:27That was really good language, whether it's writing or just someone talking. the cool thing about Connors he's got a beautiful vocabulary and beautiful timing and beautiful phrasing so he uses wonderful words and so like I remember when he was fighting Jose Aldo he would talk about like he was like if this was another time I would storm your pavilla and then he like talks about like what he would do to them and like he like you know the whole red panty night like he just has like really funny catchy phrases I guess Trump kind of did this too where he just like really catchy stuff are you guys ever just shooting the shit and you're like oh that's a line we're gonna have to use that he's very natural going back to the acumen I mean that is stuff that it's not rehearsed it's very much stuff that he just comes up with but we'd be there and he'd say some stuff like that was hilarious that's another McGregor ism you know what I mean like you're like put that in the bank I have two fan service questions that are around that number one during the Mayweather press tour which was just like that was that was so much fun but it looked like because all ufc press tours are the same you go you sit and they ask you questions and then you react whereas that one was like stand up and give a speech and it almost looked like connor was almost ambushed like oh i just got to give a 20 minute improvised speech in front of millions of people right now and then he kind of did it was that an ambush i always wondered yeah no idea what the format was going to be like and And Sam, yes, it was exhausting at the time.
1:01:55But just thinking back to it, every time it kind of comes up from whether it's the anniversary, whatever it may be, it was such a great experience, man. And it was like once in a lifetime thing because, you know, Sean, there was no formats. It's your point. I don't know if you felt ambushed, but certainly we're like, oh, how is it for this one? How is it for that one? Right. But the energy of all of them was out of this world. And so I think that they fed off that energy, which gave them the ability to deliver these legendary lines and answer back and forth. I remember watching it, and it was clear that he was like, wait, there's no fucking questions.
1:02:29I just have to go. Okay, I'm a comedian now. All right, bet. And he said this line. He goes, you know, they've tried everything. They didn't tell us the format. My microphone doesn't work. They're trying to put me in an uncomfortable situation, but they don't know. I thrive in uncomfortable situations. I almost feel like he was giving himself a pep talk during the speech. I really love that line. That was great. but I also have another kind of fan service question on almost the other side of the coin so as you can tell me and Sam both fans of you of the UFC of Conor like we we really uh it took a lot of inspiration from some of the you know it's just a badass thing to go out there and just fight and and put yourself on the line like that every single time there's something to be admired of that for sure and I think Conor came in with a very uh like at the beginning how could you hate the guy like he was he was bold he came from nowhere he was like you know this guy who was like a you know apprentice plumber and then was like all of a sudden beating everybody exactly this way he said he would his fighting style was electric like there was nothing to dislike about the guy i thought on the on the come up uh i'm sure some people did but like the majority of fans i think were were on the come up were just like this guy's incredible and then there's sort of almost like a heel turn now where um i know a lot of people who i watch fights with they're sort of feel like he's kind of jumped the shark like oh you know now he's this like first of all he's like super jacked now in this huge way he's like more of a boxer he's he hasn't fought in a long time you know he talks maybe he's crossing the line too much or he's getting in trouble like there's all these things honestly like i know he's your client and he's your friend and you're probably never gonna say a bad word about him but i think there are some fair criticisms that like you know it's understandable why somebody who was a super fan might now feel like uh you know i can't really you know get behind everything that i'm that i'm seeing here um do you think about that at all?
1:04:16And do you, I guess, like, what's your reaction to that? I don't really know how to phrase the question, but I feel like you're one of the few people on earth who would have an opinion about this that I would really care to hear. I mean, look, it's just like you are engaged with these conversations. Naturally, I'm going to hear everything, right? From people around me and, you know, whether it's my friends or there's family. And ultimately, what I'll say is this, like, you know, everybody's in touch with their own opinion. I know who the person is. and obviously I do have an intimate relationship.
1:04:47It's something that's more than just transactional. It's more than just a client and business partner. Someone that I'm loyal to has been loyal to me. And so at the end of the day, I know that history, once it's done being written, will be interpreted by everybody differently. He's definitely not perfect. He's definitely made mistakes. But a lot of the criticism too is subjective. It's based on where you stand and what you believe in or what you want to see, et cetera. But A, never been legally, all those accusations have not been legally found to be true, right? B, he was the cleanest and most tested athlete before he got out of the Isada pool.
1:05:30And when he returns to fighting, he's going to do it the right way and everything's going to be legal so everybody can say what they want to say. There's nothing that was done wrong, right? And so he's constantly being vilified because ultimately the stuff that they love them for, he still does. Still outspoken. Still says what's on top of his mind. But maybe because he has the riches now and it's not the rags anymore. Sometimes we try to tear some people down. I don't know why. I can't tell you, right? But ultimately, I do know who's in the pudding. He has to continue to go out there and show that he could continue to evolve, be the best version of himself, not just athletically, but as a human being as well.
1:06:08And ultimately that's on him to do. And I can't do that for him. You can't do that for him. But criticism is going to come. And when you're in the public eye, you got to be ready to take it on. And at the end of the day, heavy's the head that wears the crown. You can't just want the good and not take the bad with it. So ultimately that's something that we constantly talk about. Something that I know he says, I say to him, we talk about, he understands that, but it doesn't make it easy. It doesn't make it easy because ultimately it's like, you know, you know, you talk about that aha moment. I don't know how many entrepreneurs you've had on this podcast, but when they have that big moment, they don't need to be seen by everybody.
1:06:47They're probably enjoying it with nobody watching them. Or if they go somewhere, nobody really recognizing who they are. Right. Myself included. So ultimately, it's very different. And that doesn't, you know, essentially absolve him of the responsibility that he has to take upon himself in certain instances. But more importantly, it makes me understand the pressure is real, not only to win and succeed, but on another level to live your life so visibly for everybody to just critique every little thing. In today's world, man, everybody has an opinion. You know, you guys, before you met me, you thought I was a square suit because of how I appeared visibly or visually to you without ever talking to me before.
1:07:29Right. So it's like very easy and fast judgment based on whatever your belief system is, how you were raised, your experiences with someone that looked like me, whatever it may be, or your opinions of agents just because you watch entourage and parlors. But I can't change that ultimately. Right. And so when you live in today's world like that, for everybody to critique, man, it's going to come with not just the good, but the bad and the ugly as well. And you got to deal with it. I like the fan questions. You know, this is, it's fun. We've had Ariel Hawani on here. You know, we've become friendly.
1:08:01We've been asked, and I think we've talked to Mike, Mike Bisbing. We've talked to a bunch of folks. It's, you know, Sean and I are super fans. So it's always fun to like get like the insider. How many fights have you guys been to in person? I've only been to three or four. I think there's the in-person event is definitely the best in-person sporting event but in my opinion, if you're a nerd and a true fan it's so much better to hear the commentary and to see it on to see the replay of the Sean Malley knockout on Saturday, it was really awesome to be able to see it close up There is one challenge with UFC, which is that the cage and the cameraman on every post of the cage does kind of screw up the viewing experience depending on where you're at like i'm sure if you're right next to right ringside it maybe you don't have that issue but like we went to one event at the the vegas place uh the one where um masvidal need askrin into like you know you know the next realm and uh and you know the guy i saw it but the guy next to me like literally couldn't even see because it was like a split it was like in the first five seconds of the fight and secondly like you know just because of a cage like if you go to a football game or a basketball game it's open field it's you know it's very easy to see what's going on whereas you're almost watching on the Dumbo Tron well it's interesting first of all I think look there are pros and cons to your both your points the energy of big fights is something else it's electric I mean just the walkouts and the crowd and you feel it and then you hear the thuds and you know it's like it's pretty amazing.
1:09:33I was at Jorge and Nate and it was spectacular. It's just nice to be able to you got to go home and watch the replay. Yeah, yeah. But then from a view perspective, to your point, unless you're the first few rows of the floor, it's actually the mid-low riser, which is the perfect view because you're looking into the octagon but you're still really fairly close and I think that's the best view live, right? But nonetheless, no matter where your seats are, I think for big, big, big events, the electricity of that place is something else, you know? So what's going to happen? Like, I'm following this whole circus with Dylan Dennis and Logan.
1:10:15I've never even seen Dylan Dennis train. I went and watched his two Bellator fights, but that was like years ago. What's going to happen? Like, I don't know. I've never even seen him spar or anything on like leading up videos. What's going to happen on that? When's that in August? It's August 14th? Logan obviously has a leg up having boxed before, right? Yeah, but that was years ago. I think he's bigger. No, listen, listen. I get it. The fight's actually scheduled October 14th. Oh, October 14th. Dylan has made all the necessary adjustments to his life, to his preparation. But this is his boxing debut, so he has to go in there and really prove it, right?
1:10:57now I can tell you the banter that's going back and forth I mean you know he's confident in his abilities and he's definitely putting in the work so ultimately you don't you don't make you know you don't take that position with the banter that he's doing if you're not going in there with some level of confidence in yourself right so and and I'm sure it's giving Logan a little bit more training for it right because ultimately it's it's personal now I would imagine right um oh yeah not even connor you know king of trash talk connor wouldn't even he never even went that far uh to talk about family i don't like that he's talking about family but i like it in the sense of like i'm gonna stare at it you know i'm a kid on the internet and i think it's funny too you know yeah like it's too far but at the same time i'm like but it's there you know what i mean i'm watching that i think what's interesting is the you know love it or hate it the engagement for that is through the roof and you know it should help sell the fight and more importantly like it's about now performing right because ultimately you can talk all you want now you got to go in there but he's made all the adjustments to his life personally professionally which which i'm very proud of him for doing that will give him that that that high chance of winning this i think he's gonna press and shock a lot of people people are not giving him enough credit and i think when he gets in there it's his time to shine now he's going to put he's going to basically put his money where his mouth is because the mouth is getting it ready it's going to make people want to watch him you're kind of implying it doesn't matter unless he loses and I kind of disagree I think he's already won whether he loses or not from where he was starting to where he is now he's already gotten it'll be okay even if he gets knocked out right away he'll probably be better off than where he was Oh, this is a great opportunity for him.
1:12:48No doubt. No doubt. Thanks for doing this, man. Where should people follow you if they want to get more? Just my first and last name. At Audiotar. Twitter, Instagram, threads. X. X. Sorry. Yeah. Sorry. Yeah. At Audiotar X. At Audiotar threads. At Audiotar Instagram. I think one of three still remain. All right, Audie. Thanks for doing this, man. All right, Jeffs. Sean, Sam, thank you so much. Appreciate it. And that's the pod.
1:13:33Hey, let's take a quick break because there's a quote that I love I want to read you. It's that we shape our tools and thereafter, they shape us. And as an entrepreneur, if you're using a bank that was built in the 90s, you're operating like you're in the 90s. And trust me, I've been there. Clunky portals, random holds on your money,$50 wire fees, and then being told, please visit your local branch. Well, that's why I switched to a different type of banking solution, Mercury. It turns your financial chores into a smooth workflow. You can do wires, invoices, cards, reimbursements, two clicks, and I'm done.
1:14:03If you're already using Mercury, respect. If you're still using one of the old big banks, I got questions for you. So go visit mercury.com and give it a test drive. Mercury is a financial technology company, not a bank. Banking services are provided through Choice Financial Group, column N-A, and Evolve Bank and Trust members, FDIC.
From the publisher
Episode 487: Shaan Puri (https://twitter.com/ShaanVP) and Sam Parr (https://twitter.com/theSamParr) talk with Audie Attar (https://twitter.com/audieattar) — the man behind Conor McGregor's +$650M empire. Audie pulls back the curtain on the MMA business empire he's built, sharing the behind-the-scenes story of signing and working with big names like Michael Bisping and Conor McGregor. He offers an inside look into the economics of the Mayweather vs. McGregor and dissects the evolution, explosive growth, and structure of MMA. He also addresses the challenges and public criticisms McGregor’s faced. Whether you're an MMA superfan or simply interested in the business side of combat sports, you’ll enjoy this conversation with the manager who helped shape modern MMA.
Want to see more MFM? Subscribe to the MFM YouTube channel here.
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Check Out Sam's Stuff:
• Hampton - https://www.joinhampton.com/
• Ideation Bootcamp - https://www.ideationbootcamp.co/
• Copy That - https://copythat.com/
Check Out Shaan's Stuff:
• Try Shepherd Out - https://www.supportshepherd.com/
• Shaan's Personal Assistant System - http://shaanpuri.com/remoteassistant
• Power Writing Course - https://maven.com/generalist/writing
• Small Boy Newsletter - https://smallboy.co/
• Daily Newsletter - https://www.shaanpuri.com/
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Show Notes:
(0:00) Intro
(6:13) Early UFC days
(9:17) Signing Michael Bisping and discovering Conor McGregor
(13:20) How Audie signed Conor
(17:15) What’s it like managing fighters?
(19:45) How they created Proper Twelve
(23:00) The value of owning a brand vs. doing sponsorships
(28:30) McGregor vs. Mayweather payout
(34:00) The appetite for blockbuster boxing matches
(45:00) What was it like after the Proper Twelve exit?
(52:21) How he handles McGregor’s criticisms and allegations
(57:24) Advice to his younger self
(01:03:31) Conor's transition from beloved fighter to highly criticized
(01:09:40) Closing thoughts on UFC
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Links:
• Audie’s Twitter - https://twitter.com/audieattar
• Audie’s IG - https://www.instagram.com/audieattar/
• Do you love MFM and want to see Sam and Shaan's smiling faces? Subscribe to our Youtube channel.
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Past guests on My First Million include Rob Dyrdek, Hasan Minhaj, Balaji Srinivasan, Jake Paul, Dr. Andrew Huberman, Gary Vee, Lance Armstrong, Sophia Amoruso, Ariel Helwani, Ramit Sethi, Stanley Druckenmiller, Peter Diamandis, Dharmesh Shah, Brian Halligan, Marc Lore, Jason Calacanis, Andrew Wilkinson, Julian Shapiro, Kat Cole, Codie Sanchez, Nader Al-Naji, Steph Smith, Trung Phan, Nick Huber, Anthony Pompliano, Ben Askren, Ramon Van Meer, Brianne Kimmel, Andrew Gazdecki, Scott Belsky, Moiz Ali, Dan Held, Elaine Zelby, Michael Saylor, Ryan Begelman, Jack Butcher, Reed Duchscher, Tai Lopez, Harley Finkelstein, Alexa von Tobel, Noah Kagan, Nick Bare, Greg Isenberg, James Altucher, Randy Hetrick and more.
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Other episodes you might enjoy:
• #224 Rob Dyrdek - How Tracking Every Second of His Life Took Rob Drydek from 0 to $405M in Exits
• #209 Gary Vaynerchuk - Why NFTS Are the Future
• #178 Balaji Srinivasan - Balaji on How to Fix the Media, Cloud Cities & Crypto
• #169 - How One Man Started 5, Billion Dollar Companies, Dan Gilbert's Empire, & Talking With Warren Buffett
• #218 - Why You Should Take a Think Week Like Bill Gates
• Dave Portnoy vs The World, Extreme Body Monitoring, The Future of Apparel Retail, "How Much is Anthony Pompliano Worth?", and More
• How Mr Beast Got 100M Views in Less Than 4 Days, The $25M Chrome Extension, and More
