Being broke can be powerful. Take it from a “Shark Tank” investor who knows.
Daymond John, star of the ABC show, will make an appearance 6 p.m. April 18 at the Barnes and Noble at Legacy Place, the bookseller says on its Facebook page and website. His book published in January, “The Power of Broke,” is subtitled “How Empty Pockets, a Tight Budget and a Hunger for Success Can Become Your Greatest Competitive Advantage.”
John was raised by a single mom in Queens in the 1970s, according to his ABC bio. He wanted a tie-top hat, but didn’t like the price. Instead of buying one, he learned to use a sewing machine. He realized he was onto something when he and a friend sold $800 of hats in one day in 1992, according to the bio.
His neighborhood friend, LL Cool J, wore one of their FUBU (For Us, By Us) t-shirts in a promo campaign a year later. John and his mother mortgaged the home they owned for start-up capital, according to the bio.
The sportswear brand earned $350 million in revenue in 1998.