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Assemble, with Cortney Woodruff (Entrepreneurship, Technology, Education, Business)
Episode 40920th December 2022 • The Action Catalyst • Southwestern Family of Podcasts
00:00:00 00:21:06

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Cortney Woodruff, tech investor, entrepreneur, and Executive Chairman and co-founder of Assemble, shares the crazy story of the interaction at gunpoint that delayed his Action Catalyst appearance, a clever deal with his college professors, socially re-engineering what success looks like, how to muster energy late in the 4th quarter, and throwing potential business partners an alley-oop.

Transcripts

Intro:

On today's episode, host Dan Moore speaks to Courtney Woodruff, an American tech investor, entrepreneur, founder, and CEO of Trainer's Fault, as well as the executive chairman and co-founder of the online education platform assemble a streaming platform that provides online courses taught by experts from around the world.

Intro:

Woodruff's Mission merges worlds and creates opportunity by connecting black thought leaders across industries to a broad learning community.

Intro:

We hope you enjoy.

Dan Moore:

Well, Courtney, before we dive in, I wanna let our audience in on a little context for this interview that you and I were just discussing.

Dan Moore:

This is actually our second attempt at having this conversation, cuz the night before we were originally scheduled to speak, you quite shockingly found yourself a gun point during an harmed attack.

Dan Moore:

We're so thankful you weren't harmed and you were just sharing with me that you amazingly had a pretty positive take on that whole situation.

Cortney Woodruff:

Yeah, that was just insane.

Cortney Woodruff:

A lot of that stuff has been happening around here though, so I don't take it too personal.

Cortney Woodruff:

Just try to find like, the pros and, and the like, the positive light to kind of shine on it, you know, the night it happened, because I haven't told most people that, right?

Cortney Woodruff:

I, I have this tendency to try to like correlate these subtle things in my life to like people that I've studied or admired.

Cortney Woodruff:

And so something that I found was pretty.

Cortney Woodruff:

For all the, the individuals that kind of created industry in this country and around the world.

Cortney Woodruff:

There was always this life or death moment that hit them and, and they were spared like John d Rockefeller, like his, the first time he was getting ready to go meet Cornelius Vanderbilt to do a deal, he missed his train and that train actually fell off.

Cortney Woodruff:

There was a huge catastrophe in, everybody fell off a bridge and everyone passed.

Cortney Woodruff:

And that was like the sign in his mind from God to tell him like he was really doing the right thing and his life had been spare.

Cortney Woodruff:

And it gave him like that next level of confidence to ultimately be very, very adamant and brave and determined in his decision making with building standard oil.

Cortney Woodruff:

So I kinda looked at it like that, like 30 minutes after to having like two guns held in my head and.

Cortney Woodruff:

This is a sign I just got spare.

Cortney Woodruff:

You know,

Cortney Woodruff:

, Dan Moore: that is absolutely right.

Cortney Woodruff:

Well, you've done so many amazing things and you're really helping a lot of people, but I know our listeners always enjoy hearing a bit about the backstory.

Cortney Woodruff:

Could you share maybe some of the most significant people that influenced you, and then also the events that maybe caused you to redirect yourself, and then years later you realize all those events added up to where you are.

Cortney Woodruff:

They definitely have, you know, none of our paths are linear.

Cortney Woodruff:

You know, there have been some key, key moments in my life.

Cortney Woodruff:

The first was probably just my family.

Cortney Woodruff:

My grandfather actually in my grandmother started the first black owned grocery store in Jackson, Mississippi in the seventies.

Cortney Woodruff:

So, you know, as a kid I grew up in that store and I saw my dad working it and taking over the family business and it actually.

Cortney Woodruff:

In the neighborhood, um, that mega Everest lived in as a kid, I, I vividly saw his house where he was murdered, and it's also the neighborhood and the community of the movie to help, you know, so it was that area.

Cortney Woodruff:

So I guess I kind of had the entrepreneurial spirit in me, and I didn't realize it, but.

Cortney Woodruff:

By my family being successful at that, they really was the go to resource for a lot of people in that community.

Cortney Woodruff:

You know, my grandfather was quote unquote Santa for many of families, you know, for years.

Cortney Woodruff:

And he gave so many people groceries and items, you know, on credit because that's all they had.

Cortney Woodruff:

And when I look back on it, I see two things.

Cortney Woodruff:

I see entrepreneur in that, and I also see a willingness to help everyone around you and.

Cortney Woodruff:

Be humble enough not to remove yourself from the circumstances because you are successful.

Cortney Woodruff:

And then I also saw that business fail because large companies like Kroger and you now have the Whole Foods and stuff, basically put the small mom and pop stores out of business.

Cortney Woodruff:

And I actually always had a chip on my shoulder about that.

Cortney Woodruff:

Like, how can I get my granddad's grocery store back one day, or, but I think it kind of like lit the entrepreneurial candle or fire in me, so to speak, was very privileged.

Cortney Woodruff:

I, I ended up going to a high school.

Cortney Woodruff:

That I was not supposed to go to, but I was granted a scholarship.

Cortney Woodruff:

I saw wealth, you know, I saw people with a lot of money.

Cortney Woodruff:

Those were my classmates, and it was my first time being challenged academically to a whole nother level.

Cortney Woodruff:

You know, you had to have 70 hours of community service for every year of.

Cortney Woodruff:

Every year of high school that you had been there in order to graduate.

Cortney Woodruff:

Um, and it was just so many things and it showed me how wealthier people in my family actually lived.

Cortney Woodruff:

You know, the only minority barely in that, in the high school class, I think it was four, you know, African Americans in a, in a graduating class of around a hundred.

Cortney Woodruff:

So that basically got me used to being the only black person in many of the rooms that I would be in in the future, you know?

Cortney Woodruff:

But I took that work ethic from high school and, and I remember the first year in, uh, college, they said, you know, your goal is not to get a degree here.

Cortney Woodruff:

Only your goal is to get a degree, and your goal is to learn how to be an adult and communi.

Cortney Woodruff:

And so after my first year, I would always go to my professors and say, Hey, can we make a deal?

Cortney Woodruff:

If you give me my entire syllabus and I promise to get you all of this work back in three weeks, can I be allowed to skip class and only come and take the midterm if my grades require me to, or don't take the midterm and only come back and take the.

Cortney Woodruff:

And 10 out of 10 of the professors would be like, you know, if you wanna take that risk and not learn this in the classroom, be my guess.

Cortney Woodruff:

So I really didn't spend a lot of my time on campus.

Cortney Woodruff:

I spent it traveling and pitching my first tech startup and going around the United States and traveling and going back to see my mom and see my little sister grow up while I was in college.

Cortney Woodruff:

Definitely my last two years.

Cortney Woodruff:

You know, that is an incredible story.

Cortney Woodruff:

Yeah.

Cortney Woodruff:

You know, so, so those are some of the small things.

Cortney Woodruff:

And ultimately I graduated, I think it was top of the class in economics and, um, I spent maybe eight months, you know, at home trying to figure out what was next.

Cortney Woodruff:

I ran a startup in Spain for a year.

Cortney Woodruff:

Learned the language.

Cortney Woodruff:

Just wanted to enjoy Europe and I gave everything up and I moved to Silicon Valley with the idea for startup I had, and I basically lived in a stranger's garage for 18 months and built my first company called Trainers Ball.

Cortney Woodruff:

And I think that was, you know, a thing where you feel like you're on this path of greatness.

Cortney Woodruff:

But I was homeless.

Cortney Woodruff:

Not on the sidewalk homeless, but very.

Cortney Woodruff:

Going to an unfamiliar place where I didn't know anyone and I had to open my mouth, make connections, and ask a stranger to provide shelter for me while I worked endlessly knowing that there was no turning back.

Cortney Woodruff:

So I ran that business, built it.

Cortney Woodruff:

It was a platform that helped personal trainers run their business, and we basically brought all their business online and helped them stream all their content and sell it.

Cortney Woodruff:

And we focused on African American trainers in the south, and I kind of took my business acumen, built the website, educated them, people that were pretty much living in an areas where fitness was.

Cortney Woodruff:

But the, the innovation around the business modeling wasn't there, just social media was there, so that company was really, really hard to build.

Cortney Woodruff:

That was a seven year process.

Cortney Woodruff:

I spent 18 months into Silicon Valley, and as that company was finally starting to turn a leaf and grow, I realized that the rules were not the same for black entrepreneur like me as they were for other individual.

Cortney Woodruff:

Lo and behold, I ended up going around Asia for the next three years raising capital and it was so interesting because I thought, my God, being a, being this.

Cortney Woodruff:

Young black male from Mississippi.

Cortney Woodruff:

I am being better embraced in Asia across the Asian continent than I am in my own country, and I came back with a sense of pride.

Cortney Woodruff:

I knew that I, I had not only survived and built a business in the United States, but I, I could build a business in Asia.

Cortney Woodruff:

Why was it easier for me to go to Asia and have, be embraced and get support while trying to just do something good for.

Cortney Woodruff:

Than it was in my own country.

Cortney Woodruff:

I.

Cortney Woodruff:

All parties involved, how individuals that look like me, how re treated one another as well as the, you know, the inherent system that has been constructed primarily by a white audience, you know?

Cortney Woodruff:

And I said, something has to change.

Cortney Woodruff:

And that's where the idea for a symbol came.

Cortney Woodruff:

And I said, Hey, I'm gonna be that one person.

Cortney Woodruff:

That makes the celebrities come to the table with a sense of humility and take the time to give back and teach and educate.

Cortney Woodruff:

And I'm also gonna be the person to build celebrities out of the other successful individuals that are in our communities that are doing amazing things outside of media and enter.

Cortney Woodruff:

We're gonna give them their flowers too.

Cortney Woodruff:

And we have to socially re-engineer what success looks like in our community because if all you see is a basketball player, or his best friend or an entertainer and his best friend, being the catalyst to having wealth and money and providing for your family, you're gonna overindex in it as a group of individuals and we're gonna stay in the same pred.

Cortney Woodruff:

That we are in

Dan Moore:

Courtney, what a story, because it's not only the things that you've done, it's who you've become in the process.

Dan Moore:

You know, it's been said that the only way you really know what you're capable of and how resilient you can be is to be put in a situation where you don't have a clue what to do next.

Dan Moore:

And you've got that multiple times.

Dan Moore:

Yeah.

Dan Moore:

You're clearly an encourager and that's an important point.

Dan Moore:

Have you ever hit a, a total?

Dan Moore:

I, I don't, don't say, have you ever, cuz I know you have a brick wall that was so unexpected, you weren't sure how to get around it over and.

Cortney Woodruff:

So many, I mean, time, after time, after time.

Cortney Woodruff:

So normally when, when things just get crazy.

Cortney Woodruff:

I always sit very calm and still it's, it is like, you know, like the quiet before the storm when it just gets super quiet and you, you know, the lightning and the thunder's coming.

Cortney Woodruff:

It just get quiet.

Cortney Woodruff:

And I just think, and I just, my mind goes through every resource, every contact, you know, every asset that I have that could attack this problem.

Cortney Woodruff:

And then ultimately in the, in, in the last minute, a solution.

Cortney Woodruff:

Prevails.

Cortney Woodruff:

Literally, you know, you just have to sit no matter how bad it is.

Cortney Woodruff:

You just have to sit and you have to think, and I don't know if it's the dopamine, the adrenaline, but your mind would normally provide you with the solution because you have to tell yourself there's, you can't bail at this, you know?

Cortney Woodruff:

Um, humility as well.

Cortney Woodruff:

I've been in so many pickles and a lot of times people are embarrassed to ask.

Cortney Woodruff:

These two things are normally what gets me out of a lot of jams.

Cortney Woodruff:

You know, humility prevails if you just accept what you are doing and know that it's for a greater purpose.

Cortney Woodruff:

You can be humble.

Cortney Woodruff:

You can call a friend and pick up the phone and say, Hey, I need help.

Cortney Woodruff:

You know, you don't have to worry about them saying, oh, well I thought you were in Mr.

Cortney Woodruff:

Mba.

Cortney Woodruff:

You were in business school and you are in tech.

Cortney Woodruff:

It's like, yes, I won't, but I'm trying to start a company and that's very difficult.

Cortney Woodruff:

You know, that takes a lot of different things.

Cortney Woodruff:

So I'm humbly asking for.

Cortney Woodruff:

And that's why I'm so happy.

Cortney Woodruff:

Elon Musk always tells the story of selling PayPal and making a hundred million dollars and literally putting it all back into new companies and having to live on his friends apart on his couch for a year and a half because he had no liquidity or no money, because that is the reality.

Cortney Woodruff:

So yes, when you come up and face a jam, If you haven't wronged anyone, you know, you can't call somebody that you've kinda screwed over you.

Cortney Woodruff:

You maintain relationships.

Cortney Woodruff:

You always add value to other individuals and you, you can be able to humbly ask for help.

Cortney Woodruff:

That, that honestly is my advice.

Cortney Woodruff:

Mm-hmm.

Cortney Woodruff:

. Dan Moore: Now, let me ask you just kind of a different tack.

Cortney Woodruff:

Do you have a morning routine that you start your day with on a regular basis, or does it vary from day to day?

Cortney Woodruff:

No, for the most part it's, it's, it's pretty much the same.

Cortney Woodruff:

You know, I, I, I wake up, I, you know, talk to my, my girlfriend and I hit the gym, and that's the first thing I do, I think for.

Cortney Woodruff:

Maybe the last three years, I normally had a personal trainer come over just because that's something that I thought was important, my health and my fitness, and I'm too lazy sometimes to just get up and go.

Cortney Woodruff:

So someone ringing my doorbell at 7:00 AM was just like knowing that I had that it, it helps me with decisions that I make late at night too.

Cortney Woodruff:

You know, oh, are we gonna go out and have a drink or stay at this restaurant too late?

Cortney Woodruff:

Or should I go home, go to sleep, because I know I gotta hit the gym at 7:00 AM So it's pretty much.

Cortney Woodruff:

Wake up, hit the gym, read the Wall Street Journal.

Cortney Woodruff:

Have a coffee, meditate on what I just read and start my work day.

Cortney Woodruff:

Well, it's

Dan Moore:

a good, it's a great start.

Dan Moore:

You know, express an appreciation of somebody you care deeply for getting exercise going, get your brain moving.

Dan Moore:

That's a fantastic start.

Dan Moore:

And having that trainer outside, that's a master stroke.

Dan Moore:

I've got a very, very good friend that got me into walking years ago, which eventually led me into distance running.

Dan Moore:

And one morning we were supposed to meet at 5:00 AM and he didn't show.

Dan Moore:

And I waited outside his house until five.

Dan Moore:

Oh.

Dan Moore:

And the light turned on.

Dan Moore:

He stepped outside.

Dan Moore:

He looked at me and he said, you know what?

Dan Moore:

Peer pressure really sucks.

Dan Moore:

Let's go

Dan Moore:

. Cortney Woodruff: Exactly.

Dan Moore:

I bet he had a great session though, didn't he?

Dan Moore:

But it, but it works, you know, if we're accountable to somebody else, especially when you're paying that person, you're gonna use that time wisely.

Cortney Woodruff:

You have to and, and, and you know, like we all think, oh, I know how to go to the gym and do it on my own, but.

Cortney Woodruff:

You know, sometimes, at least with me, because of everything that I'm, I'm working on, you know, as a startup founder outside of work and, and just like my, my personal life, I, I really don't have the mental capacity to think a lot.

Cortney Woodruff:

When I go to the gym, I'm like, Hey, you have this schedule.

Cortney Woodruff:

You have, you know, the goals, you know the milestones of what we're trying to achieve.

Cortney Woodruff:

You just tell me what to do because I don't wanna sit there like, okay, what do I do next?

Cortney Woodruff:

I, I really have very limited capacity.

Cortney Woodruff:

Apply critical thinking to things outside of work and just like, uh, you know, family issues and stuff like that.

Cortney Woodruff:

Obviously my personal body is that, but like if there's an expert that knows more than me, why not?

Cortney Woodruff:

Once again, humble myself and let them do what they're, what they're great at.

Cortney Woodruff:

If, if you ever have a chance to play anything or train with the professional athlete, You can think you're in shape and then you just, everyone says that you see them go into another gear, right?

Cortney Woodruff:

And you're like, oh, I understand why you're a professional athlete.

Cortney Woodruff:

Like you just, you just took off, you know?

Cortney Woodruff:

Or they doubled down.

Cortney Woodruff:

And I actually correlate that to being greater in business.

Cortney Woodruff:

The difference between the successful people and those that don't.

Cortney Woodruff:

Is that within that, you know, five to 10 year journey, because it's going to always be that there's so many obstacles, there's so many decisions to be made.

Cortney Woodruff:

There's so many highs and lows, right?

Cortney Woodruff:

And a lot of people fail at the test of time because they don't have the resolve or the endurance to get through it.

Cortney Woodruff:

And typically you think, oh my gosh, I've been on this 10 year marathon.

Cortney Woodruff:

I'm tired.

Cortney Woodruff:

You have to ask.

Cortney Woodruff:

Now in the fourth quarter with two minutes left, what would Michael Jordan do?

Cortney Woodruff:

What would Tom Brady do?

Cortney Woodruff:

Or Tiger Woods?

Cortney Woodruff:

They go to a whole nother gear.

Cortney Woodruff:

You know, what do these people do in the clutch after they've, they're already tired.

Cortney Woodruff:

It's like they start all over, like they haven't done anything.

Cortney Woodruff:

They have more energy in the last few seconds than ever.

Cortney Woodruff:

And in business, that's what you have to do.

Dan Moore:

Well, that's true, and I hope our listeners heard what you said very quickly, a few minutes.

Dan Moore:

That it's a five to 10 year process.

Dan Moore:

This is not a sprint.

Dan Moore:

This is not a run to the corner and be successful.

Dan Moore:

This is a long term game.

Dan Moore:

If you really wanna make a difference with people, I think that's awesome.

Cortney Woodruff:

You know, it's one thing to work hard on a problem very long time, but it's another thing to be self-aware that you have to work on yourself.

Cortney Woodruff:

And so oftentimes, We don't know what we don't know.

Cortney Woodruff:

You know, it takes us all a long time to to seek out answers to questions, you know, questions that we have, but then also figure out the things that we never knew we needed answers to, and start seeking out the answers to those things as well.

Cortney Woodruff:

So, yeah, , it, it, it's a journey because, you know, in life you're, you're constantly iterating on yourself as a person, picking and choosing what type of human being you ultimately wanna be.

Cortney Woodruff:

Um, and then you also are trying to apply your viewpoint to whatever it is that you're working on.

Dan Moore:

Very true.

Dan Moore:

Courtney, I wonder if we could wrap up by asking you for some advice.

Dan Moore:

You know, we've got listeners from all different demographics, all different ages from high school students, all the way up to retirees and everything in between, and many of them are just living the dream.

Dan Moore:

The life is going really well.

Dan Moore:

We got some other listeners that are, are struggling right now.

Dan Moore:

Any words of encouragement for somebody that just doesn't know what to do next?

Cortney Woodruff:

Yeah, so I think the first thing is pick your head up.

Cortney Woodruff:

Hopefully you're always working on something where even if it doesn't work out the way you, you expected it to work out.

Cortney Woodruff:

You can be proud of yourself a, for trying and whatever it is that you was working on at, at least you, you tried it.

Cortney Woodruff:

And you could be happy even if you fell because it was for a great cause.

Cortney Woodruff:

You know?

Cortney Woodruff:

That's the first thing.

Cortney Woodruff:

The second thing is to always realize that even when things don't work out, make a list of all the things that you learned and just ask yourself, am I a better person?

Cortney Woodruff:

Am I better equipped, you know, for my next run at it?

Cortney Woodruff:

Than I was when I first started this, because it probably will improve your chances of success or finding some type of relief with the next thing that you're working on.

Cortney Woodruff:

And then I think to be more specific, you know, for those that may have their back against the wall with a pressing issue, one of the greatest ways that I found myself able to get help from individuals that, you know, I thought could have easily helped, it's I, I used the analogy of the alley who everyone's busy.

Cortney Woodruff:

And when you go higher and higher up, the, the food chain people get really busy and you know, there's a million people calling them every day and everyone needs something and it's training.

Cortney Woodruff:

The easiest way to get help from individuals of influence and means is to throw them Ali hoop.

Cortney Woodruff:

So you have to do your homework.

Cortney Woodruff:

You have to figure out what's their sweet spot, what they're great at, and why, what they're great at is beneficial to.

Cortney Woodruff:

But why?

Cortney Woodruff:

Whatever you're.

Cortney Woodruff:

It's also beneficial to them.

Cortney Woodruff:

And if you think about it that way, you pretty much can get your point across to them very easily and they should be able to understand it easily and it'll be an aha moment because you will have naturally figured out a way to incentivize them and they will go, oh, I'm incentivized by this.

Cortney Woodruff:

This is easy.

Cortney Woodruff:

All I have to do is pick up the phone and vo.

Cortney Woodruff:

Because no one wants to do more hard work.

Cortney Woodruff:

That's why they've at the top, they've been working hard for all their lives, you know?

Cortney Woodruff:

So now they have the luxury of picking and choosing.

Cortney Woodruff:

So oftentimes, yeah, no one really, you know, deals with the cold calls and wanna help outta the greatness of their heart.

Cortney Woodruff:

Everybody's driven by, you know, normally capitalistic incentives, you know, or, or something, a play on their ego or, or, or just timing.

Cortney Woodruff:

Right?

Cortney Woodruff:

So throw people alley hoops and, and more than like, They are much more inclined to help you cuz you've already made it easy for them.

Cortney Woodruff:

And that's my.

Cortney Woodruff:

Yeah,

Dan Moore:

I think it's fantastic advice.

Dan Moore:

I love what you said about take a minute to count up what you've learned and what you've accomplished and and feel good about that, and take a moment to reassert who you are as a person.

Dan Moore:

And for those, our listeners maybe aren't familiar with an Ali loop, I guess I'd describe it as a spectacular assist to a spectacular scorer.

Dan Moore:

And it's not just a random bounce pass.

Dan Moore:

It is a spectacular toss in the air to the person that can handle it, and it works really well

Cortney Woodruff:

and it makes them look good.

Dan Moore:

That's fantastic, Courtney.

Dan Moore:

Thank you.

Dan Moore:

Thank you so much for, for making your heart available to us as well as your mind.

Dan Moore:

We're glad you're in good shape, safe and sound and wanna encourage you to keep on the great work that you're doing cuz you are fundamentally an encourager and goodness.

Dan Moore:

Our world needs more of

Cortney Woodruff:

those.

Cortney Woodruff:

I appreciate it, man.

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