7 Days of Wisdom (Episode 23)

7 Days of Wisdom is an original weekly video series presented by A Lovers Ambition Lifestyle Group and hosted by Aquaus Kelley. Our mission is to foster growth and create a community of success and significance. Through sharing meaningful advice, knowledge, and insight gathered throughout our daily experiences, we aim to empower, encourage, and inspire our community to achieve their most passionate aspirations.

In This Weeks Episode We Discuss:

  1. Protecting Our Energy (0:57)
  2. Asset vs Liability (4:48)
  3. Busy vs Productive (9:22)
  4. Quotes of The Week (25:49)

This Weeks Resources Include:

  1. Rita Pierson: Every Kid Needs a Champion
  2. Entrepreneurship + Innovation: Troy Carter

_________________________

(Uh • Kway • Us) Aquaus Kelley is a forward-thinking Brand Strategist, Educator, and Music Publisher. As the Founder of A Lovers Ambition Lifestyle Group, he specializes in identifying talent and creating opportunities for brand development, exposure, and growth. Aquaus has worked with companies and organizations such as Cornerstone Agency, City Year Miami, Universal Music Group, and W Hotels. He is extremely passionate about helping companies adapt to culture and building value between brands and their consumers centered around love. His ultimate mission is to use his influence to project positivity across the globe and invest in the collective future of society through the arts, education, entertainment, and leadership.

Entrepreneurship + Innovation: Troy Carter

We originally came across the amazing work of Chris Denson and his podcast, “Innovation Crush” through our work with Behind The Hustle. Chris has interviewed the creator of Behind The Hustle, Kenny Mac on his Tastemakers and Influence episode as well as our guy Anthony Demby of HumbleRIOT on his Consciousness of Cool episode. This time around, Chris makes time to sit down with one of our favorite movers and shakers in the entertainment and technology space. He happens to go by the name of Troy Carter.

As the founder of Atom Factory, Troy has an A-1 resume. Not only was he responsible for managing Lady Gaga throughout the height of her career. He is also an investor in superstar companies such as Spotify, Warby Parker, and Uber just to name a few. In this episode of Innovation Crush, Chris chats with Troy about the importance of using our common sense, being tough, opening doors, and caring about the consumer.

Here are 5 tips we learned from Troy Carter on entrepreneurship and innovation:

1. Use Common Sense: 

When Troy was asked what he looks for in regards to potential business opportunities, he mentions, “First and foremost, I’m a consumer. I ask myself, would I listen to this? Would I understand why people would want to listen to this? Would I buy this? Would I understand why people would want to buy this? I didn’t go to business school or anything like that. My analytics is just through common sense. I can listen to an idea and break it down to it’s simplest form. From there, it’s just a matter of whether or not I would write a check.”

2. Be Tough 

“You have to be a tough founder in order to challenge and compete with incumbents” says Troy. “We look for leaders with tenacity, wherewithal, and strong teams. No one is born an entrepreneur. It’s something that we develop over a period of time. Our grit is a result of the difficult experiences we deal with in our daily lives. This toughens up our muscles in both our stomach and spirit to help us get through the tough times.”

3. Open Doors

Troy mentions, “It’s important for me to create a pathway toward success for kids who come from where I come from. It was people like Russell Simmons, Reginald Lewis, and Puff who I modeled myself after. I looked at them and told myself that if they can do it, I can do it. They all helped to pave the way for me. In return, I’m just looking to blast open the door for 100’s of thousands of kids.”

“I was recently told that some investors didn’t invest in our fund because they thought that we were only going to focus on minority founders” says Troy. “This blew my mind and caused me to ask myself, who said a black guy can’t build a billion-dollar company? Based off of this conversation solely, now I feel obligated to open up doors and give minority entrepreneurs a chance. There are multi-billion dollar opportunities out there. Lets find them and lets get it!”

4. Care About The Consumer

“If you’re still building your business around carbonated beverages, you are in trouble” says Troy. “It’s no coincidence that the soda category started to erode when the information age hit. When people can read and see a direct correlation between health issues and ingredients, they are going to make smarter decisions. As a result, they will eventually gravitate toward the products and services that are in their best interest.”

5. Judge People By Their Intent

When Troy asked the CEO of Sony Music, Doug Morris how he handles executive talent, Doug told Troy, “Judge people by their intent. When people make a mistake, look at their intent in that decision. If it was intended to be beneficial to the company, let them make that mistake and learn from that mistake as long as it wasn’t malicious.”

What does innovation mean to Troy Carter?

“It means living around the corner. Be there before everyone else gets there. See what happens before everyone else sees it.” – Troy Carter

Thanks to Chris Denson, this article also appears as a guest post in Inc.com as the “5 Uncommon Skills Every Entrepreneur Needs to Win Big.”

Screen Shot 2016-04-13 at 4.15.07 PM

_________________________

(Uh • Kway • Us) Aquaus Kelley is a forward-thinking Brand Strategist, Educator, and Music Publisher. As the Founder of A Lovers Ambition Lifestyle Group, he specializes in identifying talent and creating opportunities for brand development, exposure, and growth. Aquaus has worked with companies and organizations such as Cornerstone Agency, City Year Miami, Universal Music Group, and W Hotels. He is extremely passionate about helping companies adapt to culture and building value between brands and their consumers centered around love. His ultimate mission is to use his influence to project positivity across the globe and invest in the collective future of society through the arts, education, entertainment, and leadership.

Why Did Doug Choose Sony Over Apple?

In 2011, Doug Morris made the decision to depart as the Chairman and CEO of Universal Music Group for various reasons. Under the mentorship and guidance of Doug was his successor, Lucian Grainge. Lucian was appointed as the Chairman and CEO of Universal Music Group in March of 2011. When Doug spoke at Oxford University’s Saïd Business School in 2013, he mentioned that he was met with two job opportunities when making the decision to leave UMG. One offer was from Sir Howard Stringer, who at the time was the Chairman and CEO at Sony Corporation. Another offer was from a guy over at Apple by the name of Steve Jobs.

Steve wanted to bring Doug on board to open up a “Digital Record Company.” By the look of things today, it may have been Apple Music. Instead, Doug made the decision to become CEO over at Sony Music Entertainment. Steve was not very pleased. At the time, many people may have thought, why would Doug choose Sony over Apple? However, here is the part that I particular find to be very interesting. One of Doug’s very close friends is Jimmy Iovine. For those of you who may not know, Jimmy Iovine is a long-term record man and former chairman of Universal Music Group’s Interscope, Geffen, and A&M records division. He’s also the co-founder of Beats by Dre which was acquired by Apple last year. Jimmy is now an important part of the Apple team. Although his exact title is yet to be disclosed, we do know that he occupies an important space in a very influential capacity.

I would be curious to know:

  • What role did Doug play in any of the “behind closed door” conversations between Apple, Beats, and Jimmy Iovine?
  • Was Doug aware of Apple’s interest in purchasing Beats?
  • How likely is it that Doug may decide to make a move over to Apple Music?

These are all questions that I find to be quite intriguing. I guess we’ll see what the future has in store!

_________________________

(Uh • Kway • Us) Aquaus Kelley is a forward-thinking Creative Consultant, Educator, and Music Publisher. As the Founder of A Lovers Ambition Lifestyle Group, he specializes in identifying talent and creating opportunities for brand development, exposure, and growth. Aquaus has worked with companies such as Cornerstone Agency, Universal Music Group, and W Hotels. He is extremely passionate about helping companies adapt to culture and building value between brands and consumers. His ultimate mission is to use his influence to project positivity across the globe and raise awareness to help uplift the condition of humanity.

Midem “Visionary Talk” With Doug Morris

In 2008, I was an intern for a wonderful woman by the name of Elise Wright. She was the SVP of Urban Music at Universal Republic. At the time, Doug Morris was the CEO at Universal Music Group. It just so happened that his office was in the same building that I interned in on 1755 Broadway in midtown Manhattan. One afternoon, Monte Lipman’s assistant asked me if I could bring lunch downstairs to Doug Morris’ office. As soon as I was gifted with the task of doing so, I knew that I had to handle this particular package with care. As ambitious as I am, I was delighted to make the delivery. Unfortunately, I never had the opportunity to meet Doug in person. Had we met, it may have led to a very interesting chain of events.

Flash forward 7 years. Doug Morris is now the CEO of Sony Music Entertainment. Doug was recently invited to speak at Midem in Cannes, France. In his keynote speech entitled “Visionary Talk,” Doug shares a plethora of insight that he has gained throughout his 50+ years of experience in the music industry. Throughout the interview, he praises his fellow industry icons and pioneers. These names include, Ahmet Ertegun, Jerry Wexler, Berry Gordy, Jimmy Iovine, Suge Knight, L.A. Reid, and Steve Jobs.

Doug on The Impact of Urban Music

A few interesting stories that Doug shares includes his first encounter with rap music. The first group that he signed was 2 Live Crew. Shortly after, Jimmy Iovine was responsible for introducing Doug to Suge Knight. This meeting would eventually lead to Interscope signing Death Row Records which Doug mentions as an “Incredible moment.” Doug also goes on to mention that his strategy at Universal was to fill it with urban music. “I don’t think a record company can really be successful without urban music” says Doug. “We had Death Row, Def Jam, and Cash Money. Just with those three companies, we probably had 40-45% of all the urban music in America.”

Doug on The Importance of A&R + Content

When asked about the importance of content and distribution, Doug mentions, “If you don’t have a hit you have nothing. We’re all slaves to the brilliant people who are in touch with the culture and can spot an artist. The people who can spot a record that’s going to be important, that’s where we invest our money, in these people.” Although the people and titles may vary, the process of identifying and developing talent at an early stage is what we call A&R. To this day, I consider A&R to be at the pinnacle of necessity in regards to the future expansion and growth of our entertainment and music industries.

Words of Wisdom From Doug Morris

On Leadership – Doug has a philosophy that it’s important to be nice and treat people with respect. It’s important to make the people that work for you feel great. It’s important to make them know that you appreciate what they do. When Doug was coming up, people would degrade others and make them feel bad. Doug runs his companies based on mutual respect and loyalty. This is the culture that he believes in.

On Identifying Your Talent – Find what you’re good at. Some people are good as recording engineers. Some people are good at publishing. Some people are able to identify great artists. You have to look at what you think your strength is. Don’t listen to the naysayers. It’s your life, live it. Don’t be afraid of anything. When you’re doing something that you love, it’s fun. When something is fun, you actually get good at it. Do what’s fun. Do what you love going to work for.

_________________________

(Uh • Kway • Us) Aquaus Kelley is a forward-thinking Creative Consultant, Educator, and Music Publisher. As the Founder of A Lovers Ambition Lifestyle Group, he specializes in identifying talent and creating opportunities for brand development, exposure, and growth. Aquaus has worked with companies such as Cornerstone Agency, Universal Music Group, and W Hotels. He is extremely passionate about helping companies adapt to culture and building value between brands and consumers. His ultimate mission is to use his influence to project positivity across the globe.

%d bloggers like this: