Kevin Plank Calls Trump A “Real Asset For The Country”
On Tuesday Under Armour CEO Kevin Plank went on CNBC’s “Fast Money Halftime Report” and praised President Donald Trump. While the tech world is up in arms over Trump’s executive order to ban refugees and stop admitting people from seven primarily Muslim nations, Plank said “To have such a pro-business president is something that is a real asset for the country,”
If you’ve been a reader of nibletz, the voice of startups everywhere else, for the last six years, we have always been pro- Kevin Plank.
While we often turn to Business Insider for great content, in my opinion in this article, they framed the story in a bad light for the Under Armour CEO.
Plank is the true story of startup entrepreneur and founder. The Maryland native started his now world famous athletic gear company in his grandmother’s basement. Today the company sits at an $8.03 billion dollar market cap. You can’t walk 10 feet in any major city without seeing Under Armour. To some athletic industry analysts, Under Armour is the greatest story in athletic shoes and apparel, since the rise of Nike in Portland.
With all this success, year in and year out Plank has been a true champion to startups. He’s an angel investor and mentor to several startup companies. Through Under Armour he’s held a large nationwide startup competition called Cupid’s Cup. Now in it’s 11th year the cup got the name from Plank’s first startup attempt, a flower deliver service called “Cupid’s Valentine Rose Delivery Service”.
Plank has advocated and lobbied for startup legislation to help small businesses and entrepreneurs. He also helped create “The Shell” the startup incubator on the campus of his alma mater, The University of Maryland.
All in all Kevin Plank has been a friend of startups.
While the tech community lashes out for the horrible and heinous executive order that Trump issued on January 27th, Plank isn’t forgetting that the President has done some things to promote business, and small business growth.
Those actions include directing departments to identify two regulations to repeal for every new regulation proposed. He’s met with several business leaders in a variety of sectors, including that fateful meeting with tech heads that have caused many to express their dismay with people like Elon Musk (Tesla), Travis Kalinack (Uber) and even Google and Apple.
Trump also wants to rollback Wall Street regulations like Dodd-Frank which was the result of the economic crisis of 2008, and really pulled the reigns in on risk taking.
“To have such a pro-business president is something that is a real asset for the country,” Plank said. “People can really grab that opportunity.”
Let this not overshadow the fact that Trump has tried to block immigration, which is the foundation of America. Let us not forget the Nazannin Zinouri’s of the world, the hundreds of Google, Facebook, SalesForce, and Apple employees that are part of the fabric of this country that have been so horribly wronged. Doing good things for business doesn’t take away doing bad things to people.
Also, Business Insider interpreted one of Plank’s comments as being pro border wall. Personally, I hope that Plank doesn’t support the border wall. Millions of soccer fans and players love Under Armour, and there’s a lot of those, south of the border.
But Kevin Plank’s support of Donald Trump and his business acumen and desires to support business and the economy, doesn’t mean that Plank is any less a champion for startups.