The Eccentric CEO Podcast

Aman Y. Agarwal

Founders and CEOs talk candidly about their business and reveal insights you won't find anywhere else. Join a niche audience of hardcore entrepreneurs, builders, and doers from around the planet.

  1. Fixing America's Math Grades with Video Games — Dr. AnnMaria De Mars

    06/02/2023

    Fixing America's Math Grades with Video Games — Dr. AnnMaria De Mars

    Today's guest is a tough, tough badass — in the realest definition of the word. She was the first American to win the Judo world championship (1984) — which involved coming out on top over her Japanese, Korean, and Eastern European counterparts, who trained full-time as professional athletes — while she had a full-time job as an industrial engineer, a baby daughter, and... get this... a non-functional leg that had been operated upon. Fast forward to today, she's on a crusade to improve the way math and sciences are taught to kids in the USA (and beyond). Only 25% of people who graduate from high school in the USA are considered "proficient" in math — a surprisingly large number have trouble even doing basic multiplication and division. And the standards are still going down — the average kid would have easily flunked 10 years ago for what they get As and Bs today. But as it turns out, the American schooling system is quite complicated. Every state has their own rules, and so does every district. So how do you build a profitable, mission-driven company in a highly regulated, chaotic industry (filled with bureaucrats on top) where every penny is hard to squeeze, and kids are involved? And how do you do it while making it "harder" (devoting a significant amount of resources on reforming low-income districts who need it the most — but which most ed-tech companies ignore)? Well, I guess you just go ahead and do it. Dr. De Mars is the Founder and President of 7 Generation Games, which has solved a multitude of problems one at a time: First, building a smashing product that kids, teachers, and parents unanimously love. Her company makes interactive video games that use real-world, culturally rich problem examples (from the life of an Aztec diplomat, or a Sioux hunter, or fisherman, etc) to teach math — raising average grades by a 30%. Second, they solved distribution — taking the games both directly to consumers, as well as building a partnership/B2B channel such that schools can deploy them for every student en mass, and using an innovative mix of private and public funding to finance it. Third, they also built the software platforms needed to churn out high-quality educational games in quick succession, in any language — enabling them to both move faster and scale at the same time. In this episode, we discuss:  There's a Judoka who's never been injured??! The REAL problem with math education in the USA, and how to fix it Why focusing on affluent kids is, counter-intuitively, a bad business decision Competing with the Microsofts and Pearsons of the education industry Where does most ed-tech funding go? Why most "math games" don't actually teach you math Their big fight with Apple about... the Aztec smallpox pandemic? Building the "Wordpress for educational games"

    1h 2m
  2. Time Travel Through Japan's Business Landscape: 1980s to 2020s — with Terrie Lloyd

    07/17/2022

    Time Travel Through Japan's Business Landscape: 1980s to 2020s — with Terrie Lloyd

    I seem to have a weird fascination with Japan. But not in a "weird" way of course. (I've been around weebs and realized I'm not one of them.) I find Japan especially interesting from a business person's perspective. They were the biggest success story after WW2 — not only the second biggest economy in the world after the USA, but also the most technologically advanced, having had bullet trains since the freaking 60s. And all this despite having no natural resources to speak of. But recently, Japan's competitiveness has shown signs of wavering, with an aging population, abysmal birth rates, and a general lack of technology proliferation. To understand what it means for international entrepreneurs, I invited Terrie Lloyd, CEO of Japan Travel (and founder of several other companies), a rare serial entrepreneur based in Japan for over 35 years. Terrie is probably the foremost authority in the world for any foreigner thinking about Japan as a business location. We cover: 01:30 – Why Terrie is the #1 voice among all foreign entrepreneurs in Japan 04:17 – A secret office romance, translation company, and selling submarine parts 8:00 – How the US' jealous move overturned Japanese currency overnight 10:36 – Why Japanese banks can be hard to deal with 14:50 – Hiring foreigners in Japan: then and now 16:39 – The sad state of English teaching in Japan 18:15 – How Tokyo's skies turned from grey to blue 22:00 – Step one in hiring network engineers: bail your recruiter out of prison?! 27:00 – The bubble pops 34:12 – Why are Japanese business valuations so low? 45:11 – The roots of Masayoshi Son's "street fighter" mentality 52:00 – Why Japan has so few unicorns 57:00 – The PLUS points of starting a business in Japan 62:00 – The annoying problem of IP theft in China 65:00 – Terrie's M&A business

    1h 10m
  3. 05/24/2022

    Owning the World's Best Restaurants as a Billionaire Hobby — Lars Seier

    You've heard of Michelin star restaurants, and you may even have eaten at some of them. And today, you'll meet a person who owns two of the BEST among them – as a hobby. Lars Seier Christensen is a Danish billionaire, who was the Founder and CEO of Saxo Bank. But while he's most well known as an industry leader in finance and technology, he's also a man of refined tastes who owns many lifestyle businesses on the side, from football clubs to aqua parks, as well as two of the best restaurants in the world: Geranium (3 stars) and Alchemist (2 stars), both in Copenhagen. Lars and I talk at length about elite Michelin restaurants, the controversies surrounding them, as well the larger landscape of different kinds of "luxury." We hold nothing back, and as always, I promise you won’t find a more insightful conversation like in this episode anywhere else: 0:31: How his restaurant deals with having 35,000 people on its waiting list 1:51: Lars' portfolio of luxury and entertainment businesses 4:00: Lars' philosophy on choosing people to work with, and who he considers the funniest person he's ever worked with 7:55: Why Michelin restaurants are more value for money than other luxury experiences 16:11: The pressure of earning and keeping stars, and why some chefs refuse them 22:05: Why Lars didn't allow a single employee to be laid off during the pandemic 25:00: The financial struggles of great restaurants 30:01: The different tiers of the "luxury" market, and Lars' view of empire builders like Robuchon and Ducasse 37:34: The challenge of differentiating yourself from other high-end restaurants 43:00: Why you'll never find a Michelin restaurant deal on Groupon 49:10: Lars' opinion of food critics 52:00: How Lars is very different from most restaurant investors *At 35:10, Aman mixes up the names of Alain Passard and Alain Ducasse (they're both famous French chefs) For the full episode and transcript, visit https://aman-agarwal.com/ecceo

    1h 9m

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Founders and CEOs talk candidly about their business and reveal insights you won't find anywhere else. Join a niche audience of hardcore entrepreneurs, builders, and doers from around the planet.