Millionaire businessman and TV personality Kevin O’Leary, aka Mr. Amazing, predicts more bankruptcies after the collapse of FTX and talks about his $45 million investment in North Dakota.
Mr. Incredible has his finger on the pulse of small business innovation — and claims that states like New York, Massachusetts and California are no longer doing so.
Millionaire entrepreneur and TV personality Kevin O’Leary called out Sen. Elizabeth Warren, D-Massachusetts, on “Varney & Company” Friday, as well as other anti-business leaders, for punishing America’s success.
O’Leary: “Most venture capital in the last 40, 50 years, since the mid-1950s, has been prominent in places like Silicon Valley and around the Boston area. So Massachusetts, New York, California. Those were the peak years.” said. “No one wants to do business in these states anymore.”
After the U.S. Treasury Department awarded North Dakota $45 million in economic stimulus funds, the state selected O’Leary Ventures to manage the money, creating the North Dakota Wonder Fund program.
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While many may wonder, why North Dakota?, O’Leary pointed to stable politics, the fourth-largest GDP in America, its huge tech hub and the absence of Sen. Warren’s “super taxes.”
Kevin O’Leary, president of O’Leary Ventures, criticized Massachusetts Sen. Elizabeth Warren and the “you get punished for being successful” policy at Varney & Co. on friday (Getty Images)
“Why would I put it in New York or Massachusetts or California that I don’t even think is in business anymore?” he raised “Why put it in Massachusetts, where you’re penalized for success? If you’re a successful entrepreneur there, Elizabeth Warren’s policy will tax you super. You’re penalized for success. Forget it. I’m in the Dakotas. I’m going north.”
O’Leary got his first hint of the Midwest’s profitability after he struck a “share tank” deal with a Fargo company. He claims the deal has become “one of the most successful deals in Shark Tank history,” going from zero to $50 million in sales in just a few months.
“[There’s] The governor is very pro-business [Doug] Borgum and the policy that makes sense for money. “And frankly, you can send your kids to school in North Dakota,” he said.
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Any US business leader looking to establish operations in North Dakota is personally encouraged to visit the O’Leary Ventures website.
“Post your deal out there. I’ve got money for you. Let’s grow where they want our business, where the taxes are flat,” O’Leary said.
While still praising states like Florida, Texas and Oklahoma for their business-friendly policies, O’Leary claimed North Dakota has “so much energy” and “such a fantastic policy” to address all 11 sectors of the economy. .
“That’s where I’m focused right now. It’s a new shift, interstate competition. Why do you think Florida real estate is so high? Everybody’s moving out of New Jersey, moving out of New York, moving out of Massachusetts. ” I see them every day on the streets here.”
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Massachusetts Sen. Elizabeth Warren debated with FTX monetary spokesman Kevin O’Leary during a Wednesday hearing about whether digital currency facilitates money laundering.
O’Leary argued that this new type of government competition was “healthy for America.”
“We don’t want to promote bad politics and the way we do it is we vote with our dollars,” the businessman said. Let’s get out of Massachusetts and into North Dakota.
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