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>> TEAMWORK IS A CRITICAL
ELEMENT OF EVERY SUCCESSFUL
BUSINESS.
BUT WHAT ABOUT THE IDEA OF
COMPETING COMPANIES
COLLABORATING, WORKING
TOGETHER.
KRON 4 CAREER EXPERT KYM
MCNICHOLAS DISCOVERED THAT
RACING WITH THE COMPETITION
AT TIMES CAN
BE MORE VALUABLE THAN RACING
AGAINST THEM.
>> INVESTORS GOT TOGETHER.
LIKE 360, THE MAKER OF THIS
LOCATOR APP WAS ABOUT KIND
OF THIS ON THE TRACKS.
BRINGING TOGETHER PEOPLE TO
NETWORK WHAT THEY
PARTICIPATE IN THE SPORTS
CAR EXPERIENCE.
>> IT IS A LOT OF START UP
OF WILL YOU BET I THINK OF
AS BEING CONNECTED. WE
THOUGHT THAT THIS WOULD BE
AN INTERESTING OPPORTUNITY
TO GATHER INVESTORS AND TO
START UP IN INTEREST.
>> EVERYONE ATTENDS THIS AND
AFTER THE SESSION THEY GET
TO MEET AND HOW I HANDLE
THEIR RISKS ARE.
>> I SHOULD BE HEARING THIS
FROM YOU BEFORE THE COURTS.
>> OF COURSE, IT TAKES A LOT
OF PRACTICE.
>> PRACTICE, PRACTICE, AND
YES MORE PRACTICE.
>> THEY REVVED UP THEIR
ENGINES TO A TEST OF THE
SKILLS THAT THEY LEARNED.
THIS WILL CHALLENGE EVEN THE
MOST SKILLED DRIVER IN
NASCAR IN INDY.
>> IN THE DEN, A FRIENDLY
COMPETITION GOES A LONG WAY.
EVEN THE SEA THE ZERO
COMPETED WITH COMPANIES.
THEY SAW THE ADVANTAGES OF
WORKING TOGETHER FOR THE
GROWTH OF THEIR INDUSTRY AS
A WHOLE.
>> I THINK WHEN YOU SEE A
INDUSTRY, WHERE COMPETITORS
WORK TOGETHER ON CERTAIN
PROJECTS THAT CAN BETTER THE
INDUSTRY.
>> COMING TOGETHER MEANS
MORE TIME ON THE TRACKS,
THAT IS STILL ANOTHER
REASON. SOME
>> SHE IS JOINING US HERE IN
THE STUDIO.
>> HOW FAST WERE YOU GOING?
>> NOT AS FAST AS YOU THINK.
I THINK I WAS AT 80 OR 90
MI.. SOME OF THEM DID BREAK
100.
>> THAT IS STILL PRETTY
FAST FOR IN
>> ALL THESE PEOPLE THAT WE
SAW OUR COMPETITORS?
>> YES. RELAY RIDES AND
WHEELS, THEY ARE IN THE CAR
SHARING SPACE. THEY'RE LIKE
A RENTAL CAR COMPANY BUT
THEY ALLOW THE CUSTOMER OR
THE USER TO RENT THEIR OWN
VEHICLE. THE TWO OF THEM HAD
NEVER MET BEFORE. AFTER THIS
YVETTE, THEY ENDED UP
GETTING TOGETHER TO HELP
PEOPLE WHO WORK STRUGGLING
THAT WE'RE NOT YOUR
TRADITIONAL RENTAL CAR
COMPANY BUT THAT DOES NOT
MEAN THERE WERE NOT LEGAL OR
INSURABLE BUT WE ARE. NOW
THEY ARE WORKING TOGETHER
PART OF A.
>> SO IT SEEMS LIKE THIS IS
A LESSON TO BE LEARNED. IF
THEY JOIN TOGETHER THEY'RE
PROBABLY CAN GET THAT SENSE
THAT CONFORM MORE OF A
PROFIT.
>> REAL-ESTATE AGENTS FOR
EXAMPLE, THEY RARELY
REPRESENT THEIR BUYER. THEY
COOPERATED SHARE INFORMATION
WITH OTHER AGENTS TO GET
THE HOUSE AS OFF THE MARKET
QUICKLY. OF COURSE, WE WANT
TO BE THE MARKET AND OUR
IDEA TO BE THE ONLY ONE.
BUT, THE FACT OF THE MATTER
IS THAT WHEN A COMPETITOR IN
MERGERS, THAT VALIDATES OUR
IDEA AND THE PROJECT. IT
SHOWS THE THERE IS ACTUAL A
MARKETPLACE. SO, YOU CANNOT
JUST WORRY ABOUT THE
COMPETITION, YOU HAVE THE
VALUE WHICH TO BRING TO THE
TABLE.
>> WHEN YOU GO OFF FOR A
STORY, YOU ALWAYS WANT THE
EXCLUSIVE. YOU WANT BUT
EXCLUSIVE, BUT IT VALIDATES
THE TO HAVE A GREAT INSTINCT
ABOUT THE STORY. YOUR
AUDIENCE, AND YOUR OWN
UNIQUENESS THAT SETS YOU
APART FROM THE COMPETITION.
THIS ARE AN ISSUE THAT.
>> IT IS A REVOLUTIONARY
IDEA. ESPECIALLY WHEN