FUBU founder Daymond John is making a once-in-a-lifetime claim: that he coined 'YOLO' before Drake made it a worldwide phenomenon. Though the term--an acronym standing for 'You only live once'--was made famous by the Canadian rapper's 2011 hit "The Motto," John recently pointed out to TMZ that he had used it at least two years prior, on an episode of ABC's Shark Tank, where he sits on a panel of distinguished entrepreneurs and evaluates pitches from aspiring businessmen and women. The clip, included below, is pretty irrefutable, with John advising a contestant, "I consider this what we call a YOLO moment--you only live once."

However, John appears unbothered. Speaking to TMZ, he calls Drake his "favorite rapper" and boasts of President Barack Obama adopting it. When the cameraman suggests royalty payments (or, facetiously, a collaborative track with Drake), the mogul laughs off the idea of compensation, joking, "Maybe we should call the President."

"The Motto" was a hit for Drake, ranking 20th on Billboard's year-end list of 2011's highest charting singles. The song, which features Lil Wayne and Tyga, was included as a bonus track on Aubrey's sophomore album, Take Care. Despite the three rappers on the cut being from Toronto, New Orleans and Compton, respectively, "The Motto" is often noted as a clear homage to Bay Area rap; in his verse, Drake pays tribute to the late Mac Dre.

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