11/10/2023 0 Comments Lightspeed vt grant cardone![]() The cookies is used to store the user consent for the cookies in the category "Necessary". This cookie is set by GDPR Cookie Consent plugin. The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional". The cookie is used to store the user consent for the cookies in the category "Analytics". These cookies ensure basic functionalities and security features of the website, anonymously. Necessary cookies are absolutely essential for the website to function properly. My secret is I am lucky as hell and willing to roll the dice. My mission in life is to get the knowledge from the people who have it to the people who need it. It has led me to becoming an influential thought leader on social media and the host of the highly-rated podcast Dropping Bombs. In 1999 I founded a tech company called LightSpeed VT which has revolutionized online learning and has made a massive impact in the lives of many, including mine. I have met a lot of people and have been blessed with an incredible network. I provide clarity in a world of chaos and I crave common sense. I have lived life making every mistake in the book but have learned a ton of shit along the way. I am a husband, an author, a podcaster, a speaker, a CEO, a philanthropist, an investor, and I’m sure many would consider, a really good dude. I am extremely experienced at sales, life and business…and all that comes with it. A lot of celebrity brands will use it to interact with their consumers.I am an entrepreneur. General Motors taught a lot of people in Canada how to represent their brand sales. We’ve got a lot of companies in the past that have used it for several reasons. We also have a lot of multi-level marketing companies that need to train a lot of new people. We license several hundred different clients where they make their own. We’ve got poker training with some of the top poker players in the world. It’s just something you’d have to see to understand fully. It becomes more of a fluid and interactive video-based experience along with testing, tracking, measuring, reporting, analytics, and practice exercises. What we allow customers to do is virtualize themselves and emulate what they would have said and done in real life. ![]() They’re both phones but there’s a huge difference. A good analogy would be brick phones and the iPhone. It’s not just what you would normally see when you would log into a Lynda or other LMS where they just have some video or, in some cases, voice-over PowerPoint. What is unique about your platform that enables them to do something above and beyond what the industry offers.īrad Lea: Our platform is based on user experience and full-motion interactivity. Let’s take this example and help us understand what it is they’re teaching on top of your platform. Sramana Mitra: What do they teach on your platform? What I’m trying to get to is a use case on top of your platform to be able to highlight what is unique about your platform. Sramana Mitra: This one is not a university. Sramana Mitra: Universities or some of these learning institutions are segments that you sell into?īrad Lea: We do have a few colleges but a lot of the companies will use the name university even though it’s not necessarily a university. What’s an example of an e-learning company who’s making over a million dollars a month on your platform? Sramana Mitra: You’ve talked about clients who are making million dollars a month. ![]() It’s leadership, motivation, business, and life really. Sramana Mitra: What kind of learning does your most successful client deliver on this platform?īrad Lea: One of the higher-generating client is a guy by the name of Grant Cardone and he teaches entrepreneurs how to bust through and make money. We have clients doing several millions a month to clients doing $10,000 a month. We do a revenue share arrangement with some of our clients, where if they make $1,000, we take a small sliver of that. Sramana Mitra: What kind of denominations are we talking about?īrad Lea: I would say, on average, $1.50 a user, or revenue share. ![]() Then depending on the license type that you have, it will cost either X amount per user or some sort of a revenue share. Usually, we will charge a little bit to get it set up and created. Sramana Mitra: What is the business model? How do people pay you? Is that a SaaS kind of a business model?īrad Lea: Exactly, Software-as-a-Service.
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