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Michael Redd

NBA All-Star says: A moment of failure does not mean you’re a failure.

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When you’ve played on teams with Kobe Bryant and LeBron James and for coaches like George Karl and Mike Krzyzewski, you know how to contribute to a team made up of talented people. Olympic gold medalist and former NBA All-Star Michael Redd applied the lessons he learned from basketball to business as the founder of Twenty-Two Ventures, an angel investment company that has mentored and invested in 85 technology and media companies around the world.

In a post-game interview, Michael was asked by a reporter how he felt about his failure after he missed the game-winning shot. His response took everybody by surprise.

“Did I really fail?”

“What do you mean?” the reporter countered.

“Well, I have the opportunity to be an NBA player,” Michael began. “I have the opportunity to be a starter in the NBA. I won the trust of my coaches and teammates to have the basketball at the end of the game. I actually got the ball where I wanted to shoot it, and I was able to shoot the basketball. Did I really fail?”

Had he wanted to drive the point home, Michael might have mentioned that in addition to playing for the Milwaukee Bucks, he was a member of one of the greatest collections of talent ever assembled in basketball as a member of the Team USA squad that won gold in 2008. But he’d made his point. In basketball, life, and business, “You will make some shots. You will miss some shots,” noted Michael. “There may be a moment of failure, but that does not equate to you being a failure.” The sooner we can naturalize that broader perspective into our identity, argued Michael, the more successful we can be.

Michael once scored 57 points in a professional basketball game, but the number he is most proud of is the 85 companies Twenty-Two Ventures has invested in and mentored. As a mentor, Michael leverages an athlete’s deep knowledge of controlling the controllables.

“Whether we know it or not, we exude what we expect,” he offered. “If you are spiritually, physically, or emotionally fatigued, it will show in your business.”


You will learn:

  •  3:00   How Team USA went from a collection of talent to a band of brothers.
  • 10:30  Why understanding character builds culture.
  • 12:00  Why your most important investment is in a leader rather than a product.
  • 14:00  Why autonomy is superior to empowerment.
  • 16:00  How your physical and emotional fatigue will show up in your business.
  • 17:30  The real problem with the “lone genius” syndrome in tech startups.
  • 20:30  Mentoring can also teach you what you do NOT want to do.
  • 22:30  How to change your perspective of failure.
  • 31:00  How to exude what you expect.


You will learn:

  •  6:00   How easy it is to cut corners in practice and why you’ll suffer as a result.
  •  8:00   How to emphasize the power or “we” on your team.
  • 11:00  How living and working in Japan in the aftermath of the Fukushima disaster taught Lane that caring was the universal language of respected leaders.
  • 15:00  The level of employee interaction required to achieve success.
  • 18:30  The difference between being accountable and responsible.
  • 27:00  How to identify a meaningful friend or mentor.

Resources:


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Meet Don Yaeger

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13-Time New York Times Best-Selling Author & Leadership Coach

As a Hall of Fame keynote speaker, longtime Associate Editor for Sports Illustrated, and 12-time New York Times Best-Selling author, Don Yaeger is one of America’s most provocative thought leaders. From walking into Afghanistan with the Mujahadeen to living with football legend Walter Payton, Don has spent three decades embedded with the world’s greatest "Greats." Now a sought-after executive coach and host of the Corporate Competitor Podcast, he translates the lessons of sports and business legends into actionable strategies for building a culture of greatness.
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Simon Sinek

Best-Selling Author, Inspirational Speaker

"Don is one of the best storytellers I’ve ever met. I’ve known him for a long time and every time we talk I walk away wiser and more inspired. He is the best in the business at teaching you a skill – storytelling – that will last you a lifetime.”

Beth Brooke

Global Vice Chair of Public Policy for Ernst & Young

“The ability for athletes to get hired is carried on through you because you are putting out the message that lessons learned from sports are important in life. It is embedded in this podcast, what you’re doing is significant.”

Rick Hendrick

NASCAR Hall of Famer, Owner of Hendrick Motorsports & Chairman of the Hendrick Automotive Group

We speak the same language. I am inspired by the stories you tell, the people you have met, and the things you’ve done. Those of us that are competitors like to follow others that have been down that journey, so it is always fun talking to you!”

Bill George

Longtime Medtronic CEO, Harvard Professor

“Many of the leaders I have worked with were excellent athletes, and I think there is a direct correlation. You’re one of the few people that really has pursued this study, Don. Keep up the great work. What you are doing really makes a difference.”

Greg Brenneman

Home Depot Board Director

“Don, you have mastered the skill of interviewing and asking great questions. That is a great skill all leaders need in order to understand their team members’ thought processes.”

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