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" I started FUBU in 1989 but ran out of money three times and closed it down. "

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" I already have enough apparel businesses that are either doing well or not really doing anything at all, and I'm looking to broaden my portfolio. "

" I had a little delivery van, and I did work around Queens. I was also a waiter at Red Lobster, so I was working on the business in between jobs. "

" I'm a firm believer in utilizing celebrities because they tap into people on an emotional basis. "

" If I invest in a CEO, I need him or her to have experience in sales. "

" Good grooming is integral and impeccable style is a must. If you don't look the part, no one will want to give you time or money. "

" Learn as many mistakes and what not to do while your business or product is small. Don't be in such a hurry to grow your brand. Make sure that you and the market can sustain any bumps that may occur down the road. "

" If you go out there and start making noise and making sales - people will find you. Sales cure all. You can talk about how great your business plan is and how well you are going to do. You can make up your own opinions, but you cannot make up your own facts. Sales cure all. "

" I'm a big advocate of financial intelligence. "

" Fortunately, right now 'entrepreneurship' is one of the business world's biggest buzz words and so many young people in our country are looking up to this new generation of CEO's as their modern day rock stars. Whenever you have that effect, it makes the job of promoting entrepreneurship much easier. "

" As an entrepreneur, you love your business like a child, and you're taught to be laser-focused on the business. "

" When I first got into business, I made a lot of bad decisions. "

" I'm the kind of person that when I saw a lack of African Americans in the apparel business, that was something I set out to do, and I lead by example. "

Lead By Example

" I never knew anything other than wanting to be an entrepreneur. I tried my first business when I was 6 years old, and I started another business when I was 8. I don't think I knew anything besides that. "

" I've come to learn that my initial investment is more about the person versus the product that I am buying into. I've also learned that I really do enjoy giving worthy people an opportunity of a lifetime. "

" I look to work with businesses that know what they are doing but need larger distribution or exposure. "

" Most brands started from a strong base and kept a strong belief. "

" If you don't educate yourself, you'll never get out of the starting block because you'll spend all your money making foolish decisions. "

" Every problem can be solved as long as they use common sense and apply the right research and techniques. "

" In my mind, there are too many copycat web products out there that are doing the same thing. "

" Mentors don't have to be the Daymond Johns or the Mark Cubans. A person running a successful bodega or a tax firm in your community for the last 20 years, that person is working just as much as the individual who's running General Mills. "

" I believe the last thing I read at night will likely manifest when I'm sleeping. You become what you think about the most. "

" I think that in the earlier days, when I was a 'wantrepreneur,' I was really doing things because I thought what I wanted was to be rich. "

" I've learned, like with anything else, business is only as good as your connections and your resources. And some of the resources that I have are the fact that I work with huge artists. "

" One of my business partners would remind me that no fashion line lasts forever, that we would hit the down curve eventually, and that we needed to look for new brands that complement the first one. "

" An entrepreneur needs to know what they need, period. Then they need to find an investor who can build off whatever their weaknesses are - whether that's through money, strategic partnerships or knowledge. "

" In the founders, I look for a person I feel is trustworthy, driven and smart. I invest in the person first, because in the event the business fails, the person and I can move forward and create another business. "

" I've failed way more than I've succeeded. "

" Poor people put a low value on themselves and their efforts. "

" Five days a week, I read my goals before I go to sleep and when I wake up. There are 10 goals around health, family and business with expiration dates, and I update them every six months. "

" I consider each business investment based on concept and revenue. "