There’s Always A Way: Alex Banayan on The Third Door

5 snips

Jun 8, 2018

Alex Banayan, author of The Third Door and the youngest venture capital executive, shares his journey of unconventional success. He reveals how he snagged interviews with icons like Bill Gates and Lady Gaga while exploring the metaphor of the 'third door' to success—finding creative solutions beyond traditional paths. Banayan reflects on mentorship’s power and the importance of resilience, revealing captivating anecdotes from his life, including how a sailboat win on The Price is Right launched his quest for knowledge. Inspiring and humorous, his story is a testament to persistence!

Ask episode

AI Snips

Chapters

Books

Transcript

Episode notes

ANECDOTE

Prize-Funded Launch

Alex hacked The Price Is Right, won a sailboat, and sold it to fund his book project.
That $20K prize financed his multi-year quest to interview icons and write The Third Door.

ADVICE

Seek The Third Door

Look for the 'third door': a creative, unconventional entry when the main and VIP routes are closed.
Run down alleys, bang on doors, and find workarounds rather than just waiting in line.

INSIGHT

Story Beats Change Lives

Rick Horgan told Alex a book must emotionally engage readers with a narrative arc.
Being a conduit lets readers evolve with the protagonist and makes the book transformative.

Get the Snipd Podcast app to discover more snips from this episode

Get the app

The day before his freshman year final exams, 18-year old Alex Banayan hacked The Price Is Right, won a sailboat, sold it, and used the prize money to fund his quest to learn from the worldʼs most successful people.

Over the next seven years, he pursued a graduate degree in persistence and perseverance from the University of Life. He snuck into Warren Buffett's shareholders meeting. He chased Larry King through a grocery store. He celebrated with Lady Gaga in the hottest nightclub. Along the way, he landed remarkable one-on-one interviews with Bill Gates, Maya Angelou, Steve Wozniak, Jane Goodall, Quincy Jones, and many more.

Alex's major discovery? Each and every icon shared one thing in common: they all took something he calls The Third Door*.

Since that fateful day on the Price Is Right, Alex went on to become the world's youngest venture capital executive, a coup that landed him on Forbesʼ '30 Under 30′ list and Business Insiderʼs ‘Most Powerful People Under 30.'

He has delivered keynotes at prestigious organizations like Apple, Nike, IBM, Dell, MTV and even Harvard.

He has contributed to publications like Fast Company, the Washington Post, Entrepreneur, and TechCrunch. And he has been featured everywhere from Fortune, Forbes, Businessweek and Bloomberg to Fox News, & CBS News.

This week, Alex's new book chronicling his wild seven-year adventure — aptly entitled The Third Door* — hit bookstores everywhere.

I first met Alex about 6 years ago. Just 19 at the time, he was in the very early stages of putting his book together. I liked him instantly, and left our lunch impressed with his rare mix of precociousness, infectious enthusiasm and raw authenticity. We stayed in touch. And that day I made him a promise: should he ever finish his book (something I doubted at the time) that he had an open invite to share his story on the podcast.

Today I honor that promise.

This is a conversation about one young man's determination to find his way in the world.

It's about a quest to learn what cannot be taught in the confines of a classroom.

It’s about never giving up.

And it's about always finding a way.

But most of all, this is a very personal exchange between two friends about what it really means to pursue a dream.

Peace + Plants,

Rich