In celebration of Global Entrepreneurship Week, Under30CEO was invited to mtvU’s Movers and Changers event at the New York Stock Exchange. Students competed for a $25,000 cash prize and press opportunities across the globe.
The event concluded with a panel discussion with billionaire Dallas Maverick’s owner Mark Cuban, founder of Gilt Group Alexandra Wilkis Wilson, and founder of the 160+ store retail chain Charming Charlie’s, Charlie Chanaratsopon, all moderated by CNBC moderator Bill Griffeth.
Cuban was one for soundbites, and certainly had some great quotes to take home:
- “The easy part is the idea. You’re all pumped up. The hard part is the execution.”
- “It doesn’t matter how many times you fail, you only have to be right once.”
- “To me business is the ultimate sport. I’m competitive as hell.”
- “It’s not whether the glass is half full or half empty. It’s whether you’re pouring the water.”
Gilt Group’s Wilson also gave some fantastic advice saying, “Seek out people who are going to tell you your idea is a bad idea and listen to them carefully.” As we always say at Under30CEO, find the people to ask you the tough questions. If you can answer them all, then it’s time to execute.
The event ended in dramatic fashion as the winner was announced. Yet to be launched website, Skillhub is a way for people to exchange lessons and be tutored online. The two University of Pennsylvania students Karishma Shah and partner Sushanth Bhaskarabhatla plan to use the $25,000 to develop the website and get their business off the ground.
Check out the interview Cuban does with CNBC from the floor of NYSE
Matt Wilson is co-founder of Under30CEO and was live at mtvU’s event at the NYSE. Connect with him on Twitter @MattWilsontv.
Category: Startup Advice