BigDeal - #80 The Biggest Bets I Made — And How They Paid Off: Gary Vee

Episode Date: July 9, 2025

In a world drowning in noise, the ability to capture and monetize attention isn't just a skill—it's the entire damn game. That’s why today, we’ve got Gary Vaynerchuk… the man who doesn’t jus...t predict digital trends, he makes them. For over two decades, from transforming a local liquor store into an e-commerce pioneer to building VaynerMedia into a global powerhouse, he’s made foundational bets on giants like Facebook and Twitter before most even had accounts. He’s a multiple New York Times bestselling author, commands a daily global audience in the tens of millions, and has built a multi-industry empire by showing entrepreneurs how to turn overlooked attention into undeniable results and lasting legacy. Want help scaling your business to $1M in monthly revenue? ⁠Click here⁠ to connect with my consulting team. MORE FROM BIGDEAL: 🎥 ⁠YouTube⁠ 📸 ⁠Instagram⁠ 📽️ ⁠TikTok⁠ MORE FROM CODIE SANCHEZ: 🎥 ⁠YouTube⁠ 📸 ⁠Instagram⁠ 📽️ ⁠TikTok⁠ OTHER THINGS WE DO: ⁠Our community⁠ ⁠Free newsletter⁠ ⁠Biz buying course⁠ ⁠Resibrands⁠ ⁠CT Capital⁠ ⁠Main St Hold Co⁠ Learn more about your ad choices. Visit megaphone.fm/adchoices

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Starting point is 00:00:00 Okay, when I sell my business, I want the best tax and investment advice. I want to help my kids, and I want to give back to the community. Ooh, then it's the vacation of a lifetime. I wonder if my out of office has a forever setting. An IG Private Wealth advisor creates the clarity you need with plans that harmonize your business, your family, and your dreams. Get financial advice that puts you at the center. Find your advisor at IG Private Wealth.com.
Starting point is 00:00:30 I think the dirt and the clouds are the only interesting parts of the game. If you don't know Gary Vaynerchuk, well, you've probably been living under a rock. He has a multiple New York Times bestseller. He has multiple nine-figure businesses. People ask me how I scale Vayner, 108010. I open and close. So the truth is, you need to be an absolute freak of nature. You have to have outlier behavior.
Starting point is 00:00:49 Do you know how fucking hard it is to make a million dollars a year? How do you know what characteristics a great founder has? Very early on in my career, I was unstoppable. Facebook, Twitter, and Tumblr to my first reinvestments of my life. I went on pure intuition. What are your craziest predictions when it comes to AI? My craziest prediction is that most people's grandchildren will marry an AI robot. I had an epiphany.
Starting point is 00:01:11 I was like, fuck. Welcome to the Big Deal podcast. I'm Cody Sanchez, and today we have a man who is not only able to predict the social media trends of today. He's been doing it for the past 30 years. He's got an audience of millions every single day. listening to him about how do I go viral, how do I build big businesses, what is going to happen in the future. And today, we get into stuff that he's never talked about before. But what I think is most interesting about what we talk about today is he's going to make some predictions on what's going
Starting point is 00:01:43 to happen with AI for all of us. He is going to tell us the secret place to find underpriced attention. So how do we get more money into our businesses by double tapping on this? And he's also going to hit you with what I consider to be like, I don't know, an adrenaline, shot level of intensity about why to keep going, how to keep going when things get hard, and what it takes to be a business owner that survives over the long term. Gary V is somebody who's become a friend of mine over the past year, and listening to him talk about things I've never heard him speak about before on the internet was really a true pleasure.
Starting point is 00:02:21 So I hope you guys have as much fun as this one. I'm going to listen back to it because I want to build businesses as big as this man did. Without further ado, Gary V. Because when I was looking at your investment Rolodex, holy hell, you have invested in some giant company. I don't think people know half the things about you fully on the internet, but like Facebook, Twitter, Tumblr, Uber, Snapchat, Coinbase. I mean, I could go on and on and on. So how do you smell like a founder that's going to win? How do you know what characteristics a great founder or CEO has?
Starting point is 00:02:49 Very early on in my career when I didn't consider myself an investor, I was unstoppable. Facebook, Twitter, and Tumblr to my first three investments in my life. I only judged what I smelled. I went on pure intuition about the human. And the thesis. I wanted to like the idea. And they were far enough along. I wasn't an angel round.
Starting point is 00:03:10 They were a little further, more an A or pre-A. Then I thought I was a hero because I was red-hot. And I started to like read tech crunch and spend time in Silicon Valley. And I got caught in an era, a three-year era where I invested in just the idea. and I thought if I, what I didn't realize at the time, what I was doing is, oh, this is a good idea, and I knew how to run it. I put myself into the CEO chair, started spending less time analyzing the person, went through an era of ideas, and I lost. I invested in a company called Yobongo that basically became, like basically two years later, an app called Tinder came out and was Yobongo. I loved Yobongo, but the kid was a young kid,
Starting point is 00:04:01 and I didn't spend enough time analyzing his stomach, his merit. And this was the explosion of like smart kids and engineers becoming founders. And Sean is an animal, the founder of the Tinder. Yeah, and yes. And so I, but Sean, that was like two years later. Elliot Lower, I think that's what his name was like, I didn't analyze him. So what has worked for me? What has worked for me now when I try to think about it,
Starting point is 00:04:30 I think about do I like the jockey and the horse, right? This hat that I'm wearing, Siegelman Stables, right? Max and Caro, you know, they're a couple and they're a team. I love them. They're gangsters. They've got it. And in the world of Kith and Rood and Palace and Jerry, Fear of God, I understand the business of when you're,
Starting point is 00:04:55 the hottest up-and-coming fashion brand, it's a business. You know what I mean? You can get to a nine-figure exit from an LVMH or da-da-da. So, you know, I'm looking for the jockey and the horse now. The jockey being the entrepreneur, the horse being the business. I need to like both and understand both. So say I'm sitting across from you and like you're either going to hire me or invest in my company. What are you asking me to tell if you like me or not or want to take a bet on me. Usually here's how it goes. I'll go with, hey, Cody, hey, so nice to meet you. I'm so excited about this. Tell me everything. Literally, that's what I will say. Tell me everything is kind of a goat. It's not like my go-to
Starting point is 00:05:35 question. It's just what I happen to think. It's what I happen to mean. Tell me everything. Like, as much as you want to tell me either about yourself or to business, go. I listen carefully. And then my series of questions is predicated on what I listen to. I'm counter-punching the reality of what I heard. I don't have a go-to other than I need as much context as possible from you right now about you or it. I'm 49 have been pretty much successful in anything I've run and have had plenty of winning and losing an investment. I can listen and know where I want to go.
Starting point is 00:06:10 Sometimes after that code, it's over. Like even off the grip, right? Like it's over because, you know, at this point I have such a public life too. Like I can feel when someone's pandering to like, well, Gary, I love the hustle and the grit. I love flip, but you know, I can tell when someone's trying to game me. And then even if they're trying to game me, I won't even like, that doesn't eliminate him. That's just update a point. Again, because I'm now 49, 22.
Starting point is 00:06:36 So for 27 years, for 27 straight years, every day of my life, I have had to be responsible to make payroll. With no funding. 27. Like I'm a real actual operator. And so it's very easy for me to ask questions, you know? How fast can you tell? Sometimes immediately, it's like, you know, like many of us listening know what love at first sight feels like, right?
Starting point is 00:07:06 Or crush at first sight, everybody knows. Or like immediately knowing, I'm incredibly intuitive. My emotional intelligence is disproportionately my go-to. So I can tell right away, I can't tell right away if I'm going to hire someone or invest or if someone's a genius, I can tell right away the things I'm feeling. Like, this is potentially someone remarkable. I can always tell when someone's just an average C player right away. You know what I mean?
Starting point is 00:07:39 Pretty quickly. But again, C players for my businesses when I hire, I love a good C because I think we have a system to get people to bees. And I think bees are great. So you are okay with B and C players. Let's talk about that, actually. I think most companies when you're at scale need plenty of B and C players. A players are always looking.
Starting point is 00:08:02 I don't define that though then because it's like you don't want to have a culturally toxic. No. What's the difference? By the way, I think my five posts ago on Instagram is give me an A plus personality and a C player because C personality is death on arrival. C, let alone D and F and there are plenty of those people. No, I'm talking about like, you know, brain power. You know, like firepower, right? Like not everyone's the sharpest fucking most, you know, like it's just real life.
Starting point is 00:08:32 Work ethic. You know, work ethic you can't really tell in an interview. I feel like work ethic's one that you can see more play out and then you decide. I just think that we and my companies care to level people up and we continue to get better at it. And that's really working for us at scale. so I have a lot of retention. But yeah, I think I'm looking for firepower, intellectual firepower, personality traits. I'm trying to poke at like self-awareness.
Starting point is 00:09:03 I look for humility. I'll give you one that is always let down. Hey, Cody, I'm super excited about this. You know, you're going to come in and be at a VP level at Vayner, which is a big role. Like you're actually, like I think the VP director role at my company is really running the companies above the SVPs and the C-suite. You know, we're in an interview. I'm saying that.
Starting point is 00:09:27 And then I'm like, code, real talk. Like, don't bullshit. I'll say like this, hey, real talk. Don't bullshit me because I'm going to find out anyway and I want you to be here a long time and I want you to win here. Give me one of your shortcomings in your career. When people go to, Gary, sometimes I care too much
Starting point is 00:09:42 and I like that, I'm like, it's over. You know what I mean? Like, give me something real, please. You know what I mean? Like, it's why too hard. It's like, why? when I realized, you know, five to seven years ago, that lack of candor,
Starting point is 00:09:56 which is crazy because Gary V's candor's off the charts. But Gary Vaynerchuk, the executive, when I realized lack of candor, I struggled giving critical feedback. Yeah. And then the firings would be sloppy because of that because people would be surprised. When I really had that moment in the mirror with myself,
Starting point is 00:10:15 what am I, maybe 40, maybe 42, 43, 44, when I had that moment, it's literally the next day I started putting it out publicly. That's when I wrote 12 and a half. Because I literally wrote an entire book because I wanted to put out there my shortcoming of candor. Which people probably almost don't believe. Correct.
Starting point is 00:10:39 Because my strength is candor as a public figure talking about things. But Gary V. and Gary Vaynerchuk, I'm the same. I think, you know, one of the things I always smile about is when people work for me or get to know me, It's so cool that you're, I'm the same, but it's a different context. You know what I mean? Like, I'm talking to the blank world right now versus someone who's worked for me for three years. Here's where my bleeding heart becomes a vulnerability.
Starting point is 00:11:06 You stink at Vayner for the last six months. It's now a problem. You've been there for five years. You've given it all. You've always really given it all. It's a problem. We're leveling up. It's a problem.
Starting point is 00:11:17 People around you are fucking pissed. You're not good enough. You're getting paid more than people that are better than you, underneath you, it becomes a problem. But I know, because I'm so HR oriented, but I know that your dad has cancer. And I know that you just broke up with your boyfriend. And I'm struggling to fucking fire you. I don't know what us to tell you. It's fucking hard. The end. I don't know what us to say. Never feels good. It doesn't. But I think also, you know, one of the cool things about you is you are so big you've been around for so long publicly that also the tough part is sometimes
Starting point is 00:11:53 you know that's the person that's coming in and firing you or that's the person that's giving you the critical feedback it's like this extra fucking layer on top of everything else you'll appreciate this i love you for that you're right for some at 22 at 26 at 29 at 31 at 34 in the wine store when nobody on earth knew who i was it was my biggest weakness yeah interesting interest is so still always the same i just i just there was a level of confidence slash potentially ego. I always thought I could make it better. Like I definitely, definitely would have been the girl
Starting point is 00:12:23 that would have went after like fucked up dudes because I thought I could make them better. I would have definitely been that girl. 100,000%. I know it inside. I know it fix him. Yeah, and not like in a fucked up way in an optimistic way.
Starting point is 00:12:36 Not in a like I'm a psycho. In a, you know, and the problem for me is I have. My problem in a lot of ways is there are many people within my organization's startups friend groups boards I'm on because I'm so into guidance counselor coach therapist energy and I have such a yin-yang because of the emotional intelligence but because of the operational and because of like just wanting to kind of do to the world what my mom did for me I've been successful at it I'm just like names are running through my head right now
Starting point is 00:13:14 where people started off at like a three emotionally and are at an eight strictly because I put my fucking hand on their shoulder. Every teacher, therapist, coach, guidance counselor knows what I'm saying right now. And you know how rewarding that is? Like I've changed the course of this human being's life. I'm doing that with content to the world,
Starting point is 00:13:33 let alone imagine someone I can put my hand on their shoulder. So it becomes intoxicating in like, it feels good to help other people for certain people. I know many people don't feel the way, I feel, but for me it feels good. I like it. It feels like the right thing to do. What is the opposite of that? What is like the advice that you keep having to repeat that you know people need to listen to and they just don't? Every single, by the way, every single thing I say.
Starting point is 00:14:03 Patience, like insecurity, don't keep up with the Joneses, fuck materialism, eat shit. Like, it's both the left and the right struggle with me. and like me, right? Because in one side, I'm like compassion and all the feelings and everyone's like, on the other side, I'm like, kill every fucker, it's all competent. Like, because it is purple.
Starting point is 00:14:25 Because life is purple. The reason there's so much tenseness right now is the world, the youth, the elderly, the left, the right, the 40s, every generation, X, Y, boomers, Alpha, we're fighting for it's red or it's blue. I'm like, motherfuckers, it's purple, you fucking idiot.
Starting point is 00:14:44 You fucking idiots. It's fucking purple. How the fuck don't you understand that? So, you know, people struggle with everything I say. You know, when I tell parents that you got to stop giving your kids money after they're 22, every parent right now listening who's got a 27-year-old on the payroll doesn't like getting poked like that. But I'm in the receiving end of all this fucking depression DMs from 28-year-olds that are on the payroll. because parents don't realize if you're paying for your kid when they're a grown adult,
Starting point is 00:15:18 you're telling your kid you don't believe in them through your actions, not your words. They know they're a loser. Yeah. That shit hurts, you know? So what do the parents say to you when you say that? Like, what's their excuse for continuing to do that? You know, in the most private conversations, it's just, service level justifying.
Starting point is 00:15:49 You know, like, oh, you don't know my son, like he had this issue. I'm like, everyone had issues. Do you understand every person in the 80s in New Jersey got bullied? Every single kid I grew up with, got bullied. The popular ones, the not popular. Like, we've started making these words so big.
Starting point is 00:16:06 I told somebody yesterday, don't use the word anxious. You're not. You're inconvenienced. You know? Like we've now just gotten so deep into this shit. This is why so many people are struggling. We've given them permission to not do and fight and fix.
Starting point is 00:16:26 Ooh, that's, I've never said it that way. We have given people with all these big words. Do you know what imposter syndrome is? It's called insecurity. We've just given it makeup. Nobody's like, yo, I'm insecure. Nobody says that code. But so many people are like, man, I have imposter.
Starting point is 00:16:46 syndrome makeup got it the definition literally the definition of imposter syndrome is slang for i'm deeply insecure but nobody comes around and says i'm insecure but everybody and i have anxiety people say they have depression when they don't and that fucks up for people that actually do i feel bad for the people that actually do it's a great point i it's a confused everybody. Do you know how bad I feel for all the people that own big businesses who like every person's like I need a mental health day
Starting point is 00:17:24 and they're like starting to cancel mental health days and meanwhile of the hundred people that are abusing it because they just want to play video games or doing fucking nothing because I live that life. Do you know how many sick days I had from 1982 to 1994? A million. I tried to get out of school every day.
Starting point is 00:17:41 And boy, when fifth grade Gary found out that legally they had to send you home, If you went to the nurse and weren't refusing to go back, well, I fucking cooked. I mean, that was everything to me. That discovery, I don't know if I've ever been happier in my life. In fifth grade, somehow, I don't want to bullshit.
Starting point is 00:18:00 I don't remember how. But I learned that you could actually will your, you could just stick. If the nurse said go back to class, you're like, I don't feel well that if you kept going, they had to send you home. I mean, I didn't. Did you share of immigrant parents beat your ass for that?
Starting point is 00:18:15 Well, it was funny, this is why I put my mom on a super pedestal. My mom knew that getting A's in school was not going to lead to my success and happiness. And she did something most parents weren't willing to do and are still not willing to do. And she didn't give a fuck what everybody thought about my D's and F's. Got it? She knew me. But is that because somewhere else you were showing her obsession? Of course.
Starting point is 00:18:41 Because if you were a parent that just was like D's and F's, fuck off. She's the same lady that looked at me on my 14th birthday and said, you know how you suck at school? I'm like, yeah. She's like, now you work. I was 14. 14 code. I like her.
Starting point is 00:18:55 Like, I worked every weekend, every summer. My last childhood moments, like childhood ends in eighth grade. There was no, there was no fun in high school for me. There was no, like, I worked because I had to pay the consequences of not working in the classroom. Thank God. For me, work was my nirvana. When a country's productivity cycle is broken, people feel it in their paychecks, their communities, their futures. What does this mean for individuals, communities, and businesses across the country?
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Starting point is 00:19:58 Please play responsibly. If you have questions or concerns about your gambling or someone close to you, please contact Connects Ontario at 1-866-531-2,600 to speak to an advisor, free of charge. BetMGM operates pursuant to an operating agreement with Eye Gaming Ontario. Like, thank God for me, I loved my parents so much. Thank God for me, I knew, I knew as a teenager that I had it because I was doing baseball card shows at 11 and 12
Starting point is 00:20:25 and grown met, you know, this is why I love, like that's where I was getting validation from. In school I was getting D's and Fs, and grown-ups were telling me I was going to be a loser. Teachers in the 80s didn't fuck around. I had teachers, like Mr. Moore, Dr. DeBella and Martin Luther King Elementary School in 1987 said I was going to be a fucking loser.
Starting point is 00:20:49 Makes you feel any better. My math teacher told me Helen Keller would have a better shot of winning an archery contest than I would have been in finance. Oh, my God, 100%. But, God, what great fuel? Honestly? Pretty thankful. Yeah. You know, so, but then I was doing baseball card shows at 13, making 800 bucks while the grown-up to the left and right at my table were making 300 because it was a crappy show.
Starting point is 00:21:12 And my mom picks me up at Sunday night to, like, pack up and drive me home. and I've got two 30, 40, 50 year old men telling my mom, like, your son's a genius. Because I was doing all sorts of weird shit that nobody else was doing. And so, yeah, I mean, I just, that was... Like what? Like the dollar rack. Like, I was selling like 50, 60, 70 cent and $1.20, $1.30 cards. You can't move those cards.
Starting point is 00:21:38 But because I merchandised them as a dollar rack with a huge sign, everybody just stopped by and bought cards. My friend Brandon Warnicki, who's... still run in my life we met at 14 we did baseball card shows he runs the wine library i talk to him every day he's one of the few humans on earth i talk to every day i mean he was baffled by the dollar rack when i put it out he was like that's not going to work and then like three hours later there's not a card left in dollar rack merchandising matters explain what that is to somebody who doesn't know what merchandising is how a human sees it on the other side when you walk into like you know how like
Starting point is 00:22:14 Some of you like, it's very simple. It's like, think about, the best way to describe merchandising is to describe to everybody their home. Some of us, like me, are comfortable in slobbery. You know, crap on the floor, room doesn't smell. I mean, I was a fucking cliche
Starting point is 00:22:29 dude, right? Like, laundry on the ground, like room smells like shit. Like, things everywhere, like, who gives a fuck? Like, don't even do laundry. Like, where to say, in my teenage, oh my God, such a dude. Other people can't even fall asleep in their apartment in their like room unless the fucking scent is perfect everything's
Starting point is 00:22:50 perfect like good so like like how something shows up for you i get excited going walking up to a garage sale where shit's all over to place but but let me take a different angle on it so that's the setting now imagine like why are you grabbing something when you buy like i always ask myself after i do it Why did I just pick that up? It's on the Yen cap. It's at the register. That sign, the presentation. By the way, merchandising is the fashion industry.
Starting point is 00:23:21 You know, like presentability, but like what compels something, someone to grab an item? That's always what I thought about. The sign, the positioning, the location within the store, the eyesight level. Do you understand that retailers, like,
Starting point is 00:23:38 I think like a retailer, like what's at eye level? is what sells. Bottom shelf doesn't sell. When I used to get mad at a supplier, if we didn't have, like, good negotiations or, like, they weren't supporting us, I took their most important products
Starting point is 00:23:50 and put it on the bottom shelf. Merchandising. You know, I obsessed when I was 15. When I was 15, 16, I was allowed to go upstairs. Before that, I was downstairs in the warehouse. And when I was at the register, bagging for the cashier,
Starting point is 00:24:05 which is what I was doing, and then I became a cashier at 16, I could see how people walked, based on where my dad's registers were, I could see people walk in, and we were slow, we were still local store at that point. I would watch every customer.
Starting point is 00:24:21 They'd walk in, what do they grab, why? So it's presentation, how your tables laid out, it's why I was good at UI and U.S. when the internet came along. All the designers in 97, 98, 99, 2000, were like, yo, you're really good at this, because I thought, like a consumer, like, why would they click that button?
Starting point is 00:24:39 What about below the fucking scroll? What about the checkout? I literally had, you know, an empty cart or like a laps card or whatever it was called. What the hell was it? Abandon carts. I remember going to my developer in 2000
Starting point is 00:24:53 being like, can we see who didn't check out? Like, it was like, you got to understand this early internet. Yeah, it didn't exist. Because you're thinking in the store, hey, that guy's walking out. Like, sir, did you not find something that's what you would do?
Starting point is 00:25:06 That's exactly what I would do. So I was like, is there an internet? Wait a minute. There's no internet version of this. I'm like, Eric, Kastner, big shout out to him. Eric, can you see in the code? Like, I don't even know what to call it. The code, the server. We used such funny words back then. He's like, yeah, we started emailing people that had banding cards and fucking crushed. So like, you know. Merchandising is, it's so funny because the other day I went to, this was two days ago, I went to the Harry Potter store here. And the reason why, same thing. Who's better at merchandising in the
Starting point is 00:25:37 fucking world than the entertainment space. And I think arguably Harry Potter, probably one of the best of our lifetimes, right? It's a great. One of the incredible IPs that we saw birth. Exactly. And when you walk into that store, it's always packed. Packed. And it is huge margin. It's incredibly well designed. And like they rotate merch, but what I've kind of noticed is they don't rotate it that much. Yeah. Like it's not like they always have to have some new. Are you a huge Harry Potter fan? I'm a big Harry Potter fan, but I'm not crazy about it. You're not crazy. but you're very solid. Yeah, yeah.
Starting point is 00:26:11 And so watching that taught me a lot about, okay, well, if we're ever going to do merch, how do we do this right? How do I make every person who comes in, they have those little greeters, you know, Sam Walton. I loved that. He was like, looking to cut costs, but also put a greeter in front because he realized, oh, it makes people feel different, too. Like, they're special for coming in the store. To that point, I do that, too.
Starting point is 00:26:31 I don't like the middle. So I would say what I see with a greeter at Walmart is not playing in the middle. It's like price, convenience all the way here on the right, but then spend on things that others don't spend on because it changes the context of the relationship. I always talk about scale the unscalable. Actually, here's a tidbit. I believe one of the great misses right now for all of the characters like you and I and everybody else that's aspiring to like win on content and brand is community management. I really do believe that way more people need to DM everyone back.
Starting point is 00:27:09 You and I do not have that bandwidth. But I'm telling you right now, if you're just kind of getting into your early stages and you have like 10,000 followers and you're posting and you're getting 14 comments, you're getting 13 DMs a day, reply to all of them. Scale the unscaleable. That's how I built Gary Vee, by the way. Content and replying to everyone on Twitter from 2007 to 2011. You kind of still do it on scale because I remember when I came and spoke at
Starting point is 00:27:36 B-Con? B-Con. I came and spoke. That's normal. I'll go speak at people's events. It's an amazing event. I had a great time. Very seldom does the head of the entire event
Starting point is 00:27:48 asked to get my phone number and text me direct. That's really actually not that scale. I mean, how many speakers did you have there? Hundreds. Not to mention that's not your only event. Not to mention you're doing these all over the world.
Starting point is 00:27:58 That's actually not even that scalable for you. And so it seems like there's different levels to the game, but you still do the unscalable, even at the highest level of the game. I think the dirt and the clouds are the only interesting parts of the game. That's good. Yeah, and so even in my own organization,
Starting point is 00:28:17 people ask me how I scale Vayner and I say 108010 and they're like, what does that mean? I go, when we're doing important shit, I tell the team I have to be involved in the first 10% because I'm molding it. Then I disappear and then you need to come back to me to close it.
Starting point is 00:28:32 I open and close. The middle is the problem. And winners, and people aspiring to build big things spend way too much of time in the middle. Meetings. I've famously internally and a little bit externally
Starting point is 00:28:45 obsessed with 15 minute meetings. I had an epiphany. I was like, fuck, I crushed the dirt, the 15 minute meeting, I'm fucking up the clouds. I have a lot of one-hour meetings that are actually three-hour meetings.
Starting point is 00:28:58 I've done more off-sites, two, three-day off-sites this year. We're not even halfway through than I've done in last 10. and it's been monumental. I had this epiphany in November, December of last year. I'm like, wait a minute, I've got the 15-minute meeting down. But, you know, this is about like feeling your feelings.
Starting point is 00:29:15 I could feel that a lot of important meetings that were an hour weren't getting wrapped up. So now I'm doing a lot more two-and-three-hour meetings and even two-and-three-day off-sites, 10-80-10. That's a great framework. Because otherwise it does seem too much and you can get stuck in micromanagement forever. You're like, I'm trying to build a business. Gary and Cody, you said, do that. and I need to have my hands on everything and I need to care about the dirt
Starting point is 00:29:37 but you can't all the time. Oh my God, I would argue for your audience like the SMB audience like the mainstream audience the number one reason they lose is they spend all their time in the 80 that's why my dad got small didn't go as big as he could
Starting point is 00:29:48 he needed, he wanted to know everything wanted to touch everything many small business entrepreneurs are just trying to be solopreneurs they don't realize it they're scared of stealing and security someone getting better at it and leaving there's all these millions of different things
Starting point is 00:30:04 that people worried them out, 108010. What do you think that young entrepreneurs are sleeping on right now? So many different things. You know this. We've had the luxury of living just a little bit. We're still pretty young in the scheme of things. But like, you know, I had so many, you know, when I talk about my career, my life, I always think it's an homage to my parents and my circumstance.
Starting point is 00:30:28 And so I had a lot of things figured out at 23, right? my mom really actually built self-esteem. You know, I continue to believe that most people get successful because of insecurity, and there's a rare breed that gets there through confidence, and I'm so grateful that I'm in that small group,
Starting point is 00:30:46 but I see it in others. But that's not me. That's how I was raised and just the circumstance of being born in the Soviet Union in Jersey boy in 80s and a million other things that are not me. I think a lot of,
Starting point is 00:31:01 about the youth, to your point. And there's just a lot. I think, first of all, both men and women, I think we throw it on men, but I see it in a lot of young women, we want to get validation from the masses. It was always a vulnerability pre-social media, pre-internet, to want validation from the outside. But the outside in 1974 and 1983 was the Joneses, aka your neighbors. That was like you know, like maybe your church, maybe you're like neighbor. Like it was tight. Maybe the people in the office. It was small.
Starting point is 00:31:38 You know, there's an extraordinary amount of wanting to show that you're successful going on. So I think one thing that a lot of the youth is struggling with is an extreme need for the lambos, the watches, the followers, the cash, the trophies, the accolades, just so much outside validation. I think there's a lot of last. of self-awareness, I think that in general, that's a human thing, but meaning I think a lot of people chase the trend,
Starting point is 00:32:08 you know, whether it's, you know, cannabis or NFTs or crypto or flipping, you know, listen, I'm curious about a lot of trends, but I think a lot of people are like, this is, I'm going to do this because this is where I can make my millions. You know, so I think, I believe that one of the great ways
Starting point is 00:32:28 to actually be successful is to truly know the things you like because you'll work that hard. Like, I don't think I could ever work as hard as I did if I didn't enjoy it. I couldn't mustard it up. It's why I don't, you know, back we were talking right before we started the gym, this morning was a grind. Yeah, like, to me it was like, I really didn't want to, I really don't want to.
Starting point is 00:32:48 And my gym, my eating discipline, my doing things around the house, these are fully procrastinations, these are laziness, this is avoidism, this is not accountability. this is like, look, a bird over there, run away. Like, I do the reverse and work because it's my love. I do the reverse in playing basketball. I like it. I'm like, should definitely not be playing. I like it.
Starting point is 00:33:10 I go out of my way. I was just saying to you, my back was hurting all week, and I played last night. That was like crazy. So I think if you love what you do, you will do the things that actually are required to be successful, which is persevere through the daily shit, right? It's hard to beat.
Starting point is 00:33:31 So I think those two things really stand out to me. And then the things, you know, like I always laugh when I'm about to say because I know something to be like, Gary. But like I do struggle with an obsession to try to teach these kids about patients. You know, I literally punted my 20s and early 30s because I was obsessed with building a business for my parents. But I truly had nothing at 34, truly actually. Like when I started Vayner Media, my biggest company, we started it in a kind of. conference room the size of this podcast studio in another company's conference room because I couldn't pay rent.
Starting point is 00:34:07 How big is it now? Now it's 2,000 plus people, 350 million a year revenue, not valuation. Oh, you run a profitable business. It actually makes money. So, you know, it's a big business. That's only one of yours. Like how many, I was looking at up today. It's like Vayner 3, Vayner Sports, Vayner, R.S.
Starting point is 00:34:30 V-Friends, which I think is a different entity. How many like Vayner's you got? There's Vayner X to holding company that holds like seven or eight of the, that's the marketing agency holding company. Outside of it is Vayner Sports because that's a separate business. That's me and my brother. My brother runs that with Greg Gensky. That's becoming a pretty big business.
Starting point is 00:34:51 We rep over 100 athletes. Might even be close to 200 now. A newer one is Vayner Watt, Watt, W-A-T for Eric Wattenberg. that's a TV production company. Our first shows are going to start hitting the air here in the fall. And that's starting to move and groove. VFriends is the other biggest business I run. That's my Marvel Pokemon.
Starting point is 00:35:10 It's an intellectual property. I do actually believe in my 80s, that's what I will be known for more than anything else I've done. And probably nobody understands that right now, right? Like when you launch it, they thought, this quick little NFT thing. Yeah, I mean, most people don't understand me and Vayner. Most people don't know Vayner X.
Starting point is 00:35:28 Most people, when they just heard 350, like, when people come to Vayner, they're like, often, they're like, what is this? I'm like, this is my company. They're like, most people think I'm a motivational speaker or a content creator, which is fine. I mean, I'm not overly worried about it. VCR group, I have a very substantial restaurant group
Starting point is 00:35:49 that's going very well. We have that Flyfish club, which was also an NFT membership. It's just there. Yeah, it's really going well. It was beautiful. Thank you. Yeah, it's crushing, which is, good because that was very high risk.
Starting point is 00:36:00 High reward. You open up that kind of eight figure build out and the restaurant business is not nice. It's the hits business. Yeah, you should hate them. It's a terrible. Restaurants and sports agencies, bad businesses. Passion though. Chef Kpan, Chef Connor, David Rodolitz,
Starting point is 00:36:17 my three partners in that business, this is their life. My brother punted cat, a lot of money because he just wants to be a sports agent, you know, and now he's starting after 10-year itch of like, I would have, You know, so I think it ebbs and flow. So anyway, long-winded, I think I wish kids were like, no, no, I really love sailing.
Starting point is 00:36:35 Let me start a business around sailing, whether it's content creation. Let me go work for someone who's in the sailing business for five years, learn and figure out. Like that move? Like when people hear me say this, they're like, but Gary, how do I do that? I'm like, why don't you go work for somebody in comedy, in, you know, the fashion? Like, everyone has just decided, like, I can start a business. And most people are not talented enough in their team. teens or 20s to build a viable business just yet.
Starting point is 00:37:04 Yeah. You know, the thing is miserable. Well, yeah, you know this. Most people, this was a real wake-up call for me. When entrepreneurship got cool in like the mid-2-10s, like 2010, 11, 12, 13, everyone started running towards it. And I had always been there. I didn't realize how hard it was for people that weren't natural born.
Starting point is 00:37:27 but then it made sense to me because I was a really poor student and like I just think some people know how to do school I wasn't one of those people and I'm like oh this is this is gonna be hard for these people because you know it's because unlike school like I never did homework and failed every test
Starting point is 00:37:48 and the system pushed me through my school system didn't want people to stay back they were going for a blue ribbon they just pushed me through I literally sit here today no fucking bullshit. In my four years of high school, I never opened a book, never did homework,
Starting point is 00:38:04 never studied for a test, never did a book report, never did a project, and they just pushed me through. Which I'm not sure that's good or bad, actually. Yeah, I mean, it's probably neither,
Starting point is 00:38:17 but in business, entrepreneurship, the land of business merit, there's no pushing through. Like, if I did that same thing in business, I'd be out of business very quickly and back at a job. And so, yeah.
Starting point is 00:38:31 Yeah, I saw this stat today, actually. It was on Twitter. And it was, because you always talk about how hard it is. Yeah. You know? And so there was this tweet today that was like, read this if you're not as rich as you want. And it was the odds of making it that in the U.S.,
Starting point is 00:38:47 one in one thousand make over a million in a year. One in 11,000 over 10 million. One in 35,000, over 20 million. And so the truth is, if you want to make it, you need to be an absolute freak of nature, basically. You have to have outlier behavior. And I was curious what you think and how hard it actually is, because you're oftentimes telling all of us it's going to be harder than you think.
Starting point is 00:39:09 When we, I'm 49, when the number went from, when I was a kid, the number was if I could make $100,000 a year. I grew up in lower middle class, middle class kind of like vibes, more lower middle class. 100K seemed to, I mean, I myself with, you know, I'm in 15 years old. I'm going to buy the Jets one day. There was another part of my brain that was like, man, the only time I was pumped professionally, financially,
Starting point is 00:39:33 was when I broke the 100,000 barrier in a year. No other time. No other time. When that number for the masses became a million versus 100,000, shit got ugly. Like, just like, do you know how fucking hard it is to make a million dollars a year? Like, really, actually? And the problem for someone like you and I,
Starting point is 00:39:53 if we've gotten there and we spend all our time around, people that have gotten there. It doesn't feel rare. One of the, you know, one of the great things that has always happened in my career is I grew, again, because of where I grew up, I always thought about the other, so one of the first offices I opened for VaynerMedia was Chattanooga, Tennessee, not L.A., not San Francisco, not Tokyo, not London. And one of the reasons I did that was I always wanted to be grounded to everything, up, down, left, right. When you go to Chattanooga, Tennessee, if you make a million a year, you're fucking on a pedestal. And by the way, Chattanooga has a wealthy area, old Coke money.
Starting point is 00:40:31 There's some great entrepreneurs there. And it's nice, clean, honestly. But look, I think that it's incredibly hard. And I don't know why people think it's easy. And I do know why I think people think it's easy. In the 80s, there was lifestyle rich and famous. In the 90s, there was like, you know, the crib show on MTV Cribs. Now 24-7 people are looking at propaganda in their feeds of watches and vacations.
Starting point is 00:41:00 And I say, because I keep hearing everyone wanting to blame Instagram and wanting to blame social media, I say, stop consuming it. You know, like, if you're motivated by it, great, I don't believe that most people are motivated by it. I think most people get jealous and envious, get insecure. get and so I think it's super hard because again over coddling parenthood in the last 40 years school is bullshit system government's bullshit system most systems are bullshit the only two systems that aren't like the most not bullshit system in the world is sports when little ricky goes on the field and he's nine if he sucks at basketball or soccer like it's exposed no matter how much daddy and mommy you want to make up some excuses or right?
Starting point is 00:41:48 Used to be. Yeah, I mean, parents are really getting their hands and shit, but still, they'll go and fight a teacher. Like parents in the 80s didn't, when you got to see, your mom and dad didn't go to school and fight a teacher and try to get a B. They do that now. But even though that, I mean, I'm in this circles,
Starting point is 00:42:06 I have a 15, 12 year, a 16 now and 12 year old, like growing up in this last 7th, 10 years, parents want to go on the field and kick the ball for their kid. people want to go do something, but they can't, and then thus the kid gets exposed. Sports is the most merit. The next closest is business. The reason I say it's not the same is, you know this,
Starting point is 00:42:27 people are like, I'm a three-time exiting founder. I'm like, you raise $10 million and sold it for $200,000. You're a fucking loser. You know what I mean? So people can bullshit a little bit in business. There's, you know, there is a, but it's 80% to sports. You know, and I guess in hindsight, I was attracted to merit my whole life because those are my two passions. I love a game where you know who wins and loses because it tells you if you're good or not.
Starting point is 00:42:53 That's right. So do you think, like when you see that stuff online, I'm not a big showy person. Don't get me wrong. And I like nice shit. Yeah, you're loud. By the way, everyone's allowed. Totally. But I don't really, I think it's almost an immediate red flag.
Starting point is 00:43:06 When I see somebody showing the Gucci Fendi Prada, the fast cars, and the private planes, I immediately go, I don't know. If you really had that, do you got to flex it? What do you think? Like, if you're talking to a young person, you're saying, don't fucking follow people that do that. Yeah, you know, listen, I've taken some lumps from a lot of contemporaries who get mad that I talk about this because so many of them are in it. Look, I think that it, first of all, it's so funny where my chemicals just went.
Starting point is 00:43:35 One of the great things, and it's funny because I pontificate and share and ponder online 24-7, first of all, just to set the ground rules, I do not have the audacity to think that I'm right about anything, anything, let alone everything. For me, I'm in your camp a little bit, but it's because I think a lot of people do that to funnel people into them, to monetize them.
Starting point is 00:44:04 So I think about that a lot. And again, I think it's doing real damage for, like when I post, every morning, every evening, I genuinely post from the lens, deeply from the lens of why would someone give a fuck about this post? Why is this good for them? And I do believe a lot of people on the other side of this podcast are not growing because almost every post is about what's in it for me.
Starting point is 00:44:31 I want people to buy my course, my book, my collectible, my, you know, and so, I believe that the flashy stuff is inherently selfish, not selfless. But look, I mean, people are allowed, like, you know, people are allowed to share it. Like, I get it. Again, a lot of people grew up insecure and wanted these things, and they're proud, and they want to share it. My big thing is that people that have over-indexed on that move, I have found over-the-last 20 years,
Starting point is 00:45:06 tend to struggle to stay on top, tend to be less happy. So it's not only that the audience that's consuming the Lambo or to watch that I'm worried about, but I'm even worried about the person that's sharing it, I'm worried that they won't be able to sustain it. It's a great, great move.
Starting point is 00:45:25 I want to talk to you a little bit about building big companies. You've built a ton. And so with your current knowledge today, I'm curious. Like, let's say you had to go back, back to your wine days, almost. Let's say you owned a laundromat because I'm into those things. So let's say you own one laundromat and you had to start your entire empire from one laundromat today.
Starting point is 00:45:46 What would you do? What would be the playbook? Content. Yeah, you know, because, you know, you and I are part of a breed that admires a single laundromat owner. And I think you have really done a good job of tapping into something that I think is black and white, which, you know, we talked about the last. last time we hung, like this whole, whether you call it micro P or just practical business,
Starting point is 00:46:10 obviously Main Street is the way you think about it. I think there's a huge opportunity for a lot of those people to build a brand. In fact, that's what I did. I built my brand. I am that person. I didn't even own the business. It was my dad's business. I was the person who built it.
Starting point is 00:46:28 But my original content as Gary Vee, after five years or during the five years of doing the wine show, My original first ever thoughts about business and life and perspectives were literally out of a liquor store, one store, and I built my brand. I could have easily, if that's what I wanted, opened up 10 more stores, did micro MNA. And I would have built a very substantial franchise, or independently owned multi-unit business, which would be worth a lot of money. and in today's environment would be a very attractive PE acquisition as every small business is going to get consolidated it feels like these days. So I really, the number one thing I would do is get into content for two reasons. One, if you're capable building your personal brand, I do believe as a moat.
Starting point is 00:47:21 I've always believed that it was the moat. I've talked about it for 15 years that it's the moat. It is the one true asset that doesn't get commoditized, even in the AI world. You still have your IP. It's your copyright. It's you. Two, if you learn to be a content creator, the other thing that worked with me, and this was hand in hand,
Starting point is 00:47:42 and this is what I want for this person, is you start getting good at running ads and doing content for your business, too. So in my brain, what I'm dreaming up right now is Sally's building up her. She's like, I did this, this is how I bootstrapped it, or how I inherited it or whatever's real. Here's what I'm doing. Here's my day-to-day troubles. Here's how I think about it.
Starting point is 00:48:02 oh my god coins when when people stopped having change on them we had to put in these you know uh swiped your credit card or you know like you know just like the the battle stories of that business but also what she will learn in the story that i'm telling is she'll learn what really every and by the way i know a lot of small businesses listen so let me give it to you very straight disproportionately the biggest opportunity to grow your business traffic to your business average receipt size is to run, if you're a local business that people come to, is to run 10-mile radius Facebook ads. And so Sally, in this journey of building up Sally, the laundromat entrepreneur, would also start to learn how to be good at these things, which she would then be
Starting point is 00:48:46 able to use to run ads to her business, which is advertising matters. It's always mattered, and it will always matter. And so content. You know what's so interesting too? I remember looking back at those old videos of you in your wine business. And today everybody wants to have a set, right? We're on a borrowed set. This one isn't mine. But, you know, they want to have this fancy set.
Starting point is 00:49:10 But you know what the sickest set is today? You're actually a laundromat. I think so. You know, because it's show, don't tell. It's like, no, no, I own this. I'm not, there's no fluorescent lights here. Watch me do this. You don't think I own it?
Starting point is 00:49:21 Look, I'm right here. I believe the best studio in the world is the world. I tell my clients, which are mainly four. in 500 companies, I'm like, look, let's make content at stores, in parking lots, at festivals. I genuinely believe that. I've always believed that. I was honestly the Pied Piper in 2009, 10, 11, 12 of no production value. Wine Liberty TV didn't even have a mic. No lighting, no mic. Literally whatever the camera picked up. And so, yeah, I agree with you. I think that store is studio is a big idea. It's a good framework.
Starting point is 00:49:57 Yeah, I think so. Stores Studio is something that I've really championed more privately than publicly. So I'm glad we're getting to pontificate about this. And I think that's right. Yeah. And it means you don't have to have a bunch of money because I'm all about the great equalizer. Like yesterday, my husband and I were kind of laughing in New York because New York's such an equalizer city in some ways. In the best way.
Starting point is 00:50:18 Yeah, so I could drive like a fancy black car, which sometimes I do. And guess what? If you hoof it or if you subway it, you're faster than me. And so, like, that's a cool equalizer. That doesn't exist in a lot of other places. And so I think this is a good example for content. Like, the best performing ads for a lot of our businesses are exactly what you said. It's like it's a window cleaner cleaning a window and then it reveals a price.
Starting point is 00:50:40 Like, that's it. There's no production. And so production often, often, again, is disguising insecurity. A lot of people talk about production. If you listen carefully, it's just an excuse to know. do. Anyone who says I can't afford it is full of shit. It's called an iPhone. You all have one. The end. Nothing else. Zero. I did it for fucking a half a decade. A $239 camera from Best Buy was the only thing I used. Nothing else. Nothing.
Starting point is 00:51:19 Such a good point. You know, another thing that I really like about you is you kind of said it earlier. I've taken some punches on the internet. And you have this tweet that I was coming back on, which is first they'll call you stupid, then they'll call you lucky. Remember, just make sure that you're always executing and they are spending their time calling you things. And I loved that line. How do you deal with haters?
Starting point is 00:51:44 Easily. I, with compassion, with empathy, you know, I couldn't comprehend living a life where I spend time trying to tear someone down. Ever? Ever. I was just about to say, you know, we're starting to get to know each other. I think it's one thing in these settings.
Starting point is 00:52:04 I think the thing you would find interesting, and this is going to make sense to you because I'm assuming circles and things you've run in as you've built your career. The thing that blew me away growing up in the game was that A players in private settings would spend a lot of time shitting on other A players. It blew my mind.
Starting point is 00:52:26 I remember it was happening. to me when Scooter Braun, Maverick Carter, some of these people in business were starting to do really well, and I'd be at these things, I knew both of them well, so it's probably why it triggered for me. When people would be jealous or envious, and they themselves, sometimes
Starting point is 00:52:40 more successful, I was like, this is weird, this is interesting, let me take note of this. Oh, insecurity, oh, like, like, you know, wow, they don't realize that the world is a, but, like, I was fascinated. I just, and I understand it, because the one place I'm, I'm not me is sports fandom.
Starting point is 00:52:59 And my level of envy and jealousy of Michael Jordan and Tom Brady and Bulls fans in that era and Patriot fans is like anger, almost like the most extreme Republican or Democrat feeling about the other side. So I can tap into the emotion that is jealousy and envy.
Starting point is 00:53:18 And, you know, because I don't feel in control as a fan. But as real life human, I feel fully in control. And I couldn't comprehend the idea of deploying jealousy or envy against someone else. So how do we deal with haters? Compassion, I mean, they're just not in a good place. Like, there's no other way to say it. Like, could you comprehend spending your time tearing down?
Starting point is 00:53:42 And so many people do it. And you're, like, I just couldn't, why would I deploy that energy? You know, if I believe something stinks or someone stinks, my immediate reaction is to just walk away in perpetuity. I want to save my energy and time. I got shit to do. I'm trying to win out here. That, I remember that tweet.
Starting point is 00:54:03 I remember that era when I was thinking about it. I always wanted to be an athlete, but it wasn't in the cards. Being a publicly known businessman with, you know, opinions left right, up, down. I'm like, oh, shit, I got to taste it. Like, you know, everyone, it's like, you know, it's like hot takes, you know. And so, and I think about it being an athlete, which is, if you're an athlete, You know, just got done with this great Knicks playoff from, but it ended unfortunately just a hair too short.
Starting point is 00:54:32 But when you're on the court and they're booing you, if you actually take that in, it's very hard to perform. If you take it in and you get excited, that's how I take it. Like, the way I deal with it is 90% indifference and compassion. Like I'm like, who gives a fuck, calm up, man, just wish Ricky Pants 49 lived a life where he didn't have to like be mad at me because I know I'm triggering insecurities for him. And 10% of, like, gangster, I'm going to slice your throat.
Starting point is 00:55:04 Like, all right, motherfucker, keep talking. Like, oh, really? Like, you think I've made it now? Let me build Disney in front of your face with FeeFriends and you're really gonna fucking be angry at 80. So there's a little bit of that. But only 10%, which is I'm like very grateful for, maybe 20%.
Starting point is 00:55:20 Depends on the day. I like being competitive. I enjoy being competitive. In fact, one of my great, Angers in the world is eighth place trophies. One of my great angers in the world is when two passive parents get lucky enough to birth a competitive kid probably took after grandma. And then they tell that kid like this game that they're crying about doesn't matter.
Starting point is 00:55:41 It only matters. Winning and losing is incredibly imperative to the human race. Nothing is good out of balance. Of course, people like Gary, winning and losing like, is it okay to like hurt people to win? No, no, it's not okay. But is it okay to completely eliminate? merit and competitiveness and winning and losing? No, no, that leads to, let me say it's slow, suicide. This is what people don't understand. When you start to not care about anything,
Starting point is 00:56:07 you get into a very dark place. Teaching a young kid, nothing matters is a dangerous game. Or sports don't matter, but getting A's matter. You start teaching on fake shit. Yeah, I mean, I think also going back and realizing that nihilism is real and you, some of the greats have talked about the fact that the most horrible thing you can do to an individual is to take away passion in some way, shape, or form. It's black and white to me. Yeah. As someone who's like fueled by it, I can, you know, like we're animals. Like I can smell it when someone has it and I can smell it.
Starting point is 00:56:47 Only two versions. I can smell. I can smell the middle. Interesting. But with passion, I can smell the two opposites. I can smell when someone's got it. Yeah. which is why I've associated, invested, and been around a lot of people who went on to become
Starting point is 00:56:59 enormous. And I can smell when someone doesn't have it at all, which is why I fucking wake up every morning putting out of their darkness. So we've told them that content matters. Yes. We've told them that if you're running a small business, you should think about building up your brand. We've talked a little bit about IP. Like all of this talks about content. But the number, one of the biggest questions I get asked by business owners in our portfolio is how do you find great talent. How do you find the person to help you with social media? By realizing you need to be the person that
Starting point is 00:57:30 first understands it a little bit. How do you judge something you don't know? If I went into a surgery, surgery right now, heart surgery, and I needed to judge what's going on, we have a problem. It's called I have no idea what the fuck is going on.
Starting point is 00:57:48 Everybody who's listening, when you own a business, it is hard. When you own a business, you have to be adaptable. When you own a business, you have to deal with the shit. I know that you don't like it. You may even have an ideological disagreement with social media. You must be the person that learns it a little bit so that you can judge the talent. It's not about finding the talent.
Starting point is 00:58:10 It's that everybody gave the job to their 20-year-old niece because they thought like, oh, you're a kid, you get it. The problem is the 20-year-old niece and nephew use social media to fucking hook up, not to build a big business. So, you know, my answer, and I talk to a lot of these businesses as well, is you have to spend 50 to 100 hours educating yourself and then doing, you can't read about push-ups to get the results. You have to read and watch videos and listen.
Starting point is 00:58:40 I even made it easier for you, Gary VEE.com slash attention. I literally took my last book, which is $20 fucking. I'm like, you can't afford $20? bucks. How about this? A 44-page free deck to tell you exactly what to do. Good, but I recommend the book. Thank you. I gave day trading attention to all of my social team. Thank you. Yeah, well, again, you said thank you, but I said, no, thank you. Because it's actually super. It's why I believe in books. I'm like, I cannot believe I charge hundreds of thousands of dollars to clients for, you know, consulting. And this $20 fucking book is like pretty much there.
Starting point is 00:59:15 Yeah. Well, and, you know, to be fair, why wouldn't I steal your? 27 years doing this? And more importantly, my actual living the thesis of the book, it's not my only 30 years of working, it's my last 12 to 18 months. Yeah, that was different. You know what I mean? Like, that's what's so interesting about the books I write. I don't write ever green books. Day trading attention is just to follow up to jab, jab, jab, jab, right hook. Yeah, you're right. It's just 10 years later because shit changed. All I want to do, I'm incredibly obsessed with the contemporary. I want to be obsessed with. with the history to understand the contemporary,
Starting point is 00:59:51 and then I just want to be of today. There was this great line, actually, when I was coming up with a bio on you that I was reading to Kate that is, I think, perfect for you. And it was about the fact that you are pathologically practical about where eyeballs were moving.
Starting point is 01:00:09 That is so true. You're pathological. You are obsessed, and I think that's what it takes to win. I guess I want to close out with two questions here. Please. One of them is, you know, you've mastered these underpriced attention platforms at varying times. You talk about it in all of your books. At any given time, there's an underpriced platform.
Starting point is 01:00:30 So let's give the people the non-evergreen. What is that today? Where is the underpriced attention today? Live social shopping. If you sell anything, and this is huge for your crew, if you sell anything, you know, that's not like a physical thing, not a service. VaynerMedia doesn't do this. I can't do this with VaynerMedia. We don't sell a physical thing.
Starting point is 01:00:51 If you sell a physical thing, which a lot of you do, every one of you has to learn everything you can about TikTok, shop, and whatnot. W-H-A-T and OT. Those are the two leaders right now. I expect meta, Google, Twitter, everybody to get into this game. Live social shopping is the underpriced attention. There are a ton of creators right now who will never get millions of followers and make millions of dollars,
Starting point is 01:01:16 but if they switch to being someone that sells something on social instead of making lifestyle content they will make millions of dollars. So smart. I forced Mike to do a garage sale. Mike did a garage sale on whatnot this Saturday.
Starting point is 01:01:35 I made 700 bucks? Now I know you sold some trading cards and stuff like that but you also because I heard you were going to do just trading cards I'm like no no no I need you to sell some random shit in the house. give me one example of something that was literally sitting collecting dust in your apartment and you sold
Starting point is 01:01:52 for how much? Do we include shipping and handling? Yeah, you charge the, like I love this. Every time I do garage sales and everything, what about the shipping? Like, you charge shipping. What about the eBay fee? I'm like, everything has a cost.
Starting point is 01:02:08 Like, you know, like people love an excuse. Right? People look for the why not. Yep. I literally think garage sales and flea markets are going to happen in live social shopping. it's not just someone who starts a beauty brand. Or like those storage units? Kate, we're doing your storage unit.
Starting point is 01:02:23 She has one here that she's had for two years. Right. She's paying monthly fee. She's paying $25 a month. We should just do it live on YouTube. Not YouTube because they don't have that yet. Well, that's, so I want to turn it into a YouTube video, but do it live on whatnot or TikTok shop.
Starting point is 01:02:39 You can make a YouTube video because that's great because that's content. But live, the QVCification of social media is here. Listen to these stats. 30% would something, this is a stat, I'm always a little weird with stats, but this is real. China is fully here. China's got obviously one of the biggest economies in the world.
Starting point is 01:02:58 Live social shopping in China, now by the most conservative estimates, represents 30% of all e-commerce in China. Get the fuck out. A half a trillion dollar economy of live shopping in China that is bigger than almost every nation's economy. In the U.S., I just had the CEO of QVC.
Starting point is 01:03:22 He put out this stat that I'm going to try to validate this week, but it feels right-ish. He's like, we're already at 6% on live shopping in the U.S. And no one's even seeing it yet. What's that, do we know what that is compared to what QVC used to be? Because it was like a lot, then nothing, then now growing? QVC has always been a ton. Okay. And it's not a lot.
Starting point is 01:03:47 It was still doing an ungodified. oddly amount of business. There's something about the behavior. You're almost like paying for the entertainment. You're like tipping the host. You're like part of the community. I have this concept called commerce tainment. So ready, how about this?
Starting point is 01:04:03 You're a hairdresser right now listening. And you sell shampoos and other shit, soaps and all the fucking shit in your place, right? You can go live on whatnot right now. At the bottom of the screen is like this $12 shampoo and you could just buy it, while you're teaching people how to use the shampoo
Starting point is 01:04:22 on a customer, this is real. Tea with Gary Vee, which I really did really well during COVID. I've brought back. I love doing Q&A. On tea with Gary Vee,
Starting point is 01:04:33 I now do it on What Not, not on Instagram Live. I do it on all my socials, but I drive to Whatnot. I drink out of a VFriends mug, and the mug is pinned at the bottom of the screen, and while I'm doing the show,
Starting point is 01:04:47 people are buying the mug. It out. Commerce tainment. I'm not even selling in that format. It's just subliminal right there. Yeah, or I'll make a reference. I'm like, hey, you like my mug? Like, it's a, it's a mini commercial.
Starting point is 01:05:01 It's not even a commercial. You're saying. Uh-huh. And you just like experimenting. Like, that's part of your thing. You just never stop experimenting. Yes. After it's been validated.
Starting point is 01:05:10 Okay. I have a trillion dollar stuff of stuff sells in China. Now we have those functionalities. It's going to happen here. It's, It's happening here. TikTok shop is insane. You for your portfolio must deeply understand TikTok shop.
Starting point is 01:05:25 So live social shopping is one of them. Within social, I'm a big fan for people that are obsessed with TikTok on Snapchat Spotlight. So Snapchat Spotlight is much smaller, but it's their TikTok, right? It's in their UI. And there's a fuckload of 15 to 30 year olds in it. But here's the good part, supply and demand of attention. like I talked about in day trading. There's a lot of kids on it.
Starting point is 01:05:49 They spend a lot less time on it than they do on TikTok. When I say kids, I say 15 to 30. So if you sell to 15 to 30, but nobody's, but the supply is low. Nobody's posting on there. So I'm very hot on Snapchat Spotlight. Substack I think is really, really interesting. I'm about to delve in. IRL streaming.
Starting point is 01:06:10 So Twitch. You got to check out Beehive. I'm an investor in it. So obviously very biased. I will absolutely do that. Those got, and they're here. I've never met faster builders. We invest in a lot of companies and shout out Tyler Dank.
Starting point is 01:06:21 He's an absolute psychopath. He's like what you talked about. Speed. It's like sports. I think he's going to eat Snapchat's, a substax lunch. I love it. Good for them.
Starting point is 01:06:29 Yeah, yeah. Look, and it's not even, you know this, you're too smart for this. I don't think Beehive's going to eat substacks lunch. I think it's an and not an oar. Yeah. Do you know what I mean? Yeah. Like there's too big of, it's too big of addressable market.
Starting point is 01:06:43 Yeah, very true. It's Uber Lyft. That's true. Like when I was like, because I was an early investor in Uber, I was like, oh fuck, Lyft's going to do well. But I wasn't like... And you want multiple to do well.
Starting point is 01:06:51 Yeah, I mean, look, like when you're on it, like I don't want the Patriots, Bills, and Dolphins to do well. Like, I don't mind competition. I just know it is. Yeah. Do you know what I mean? Yeah, but if you have a few, then you grow the market share entirely.
Starting point is 01:07:03 Yeah, but both of those companies are going into a trend that's happened. Yeah. Like medium was a, I was an investor medium. Yeah. Which was Ev Williams, you know, who's an iconic entrepreneur, co-founder of Twitter and before that audio and blogger before that and one of the first you know blogging platforms like subscription Patreon only fans like and then the social sites are
Starting point is 01:07:28 going to start you can already see some of the moves they're doing like fuck all these other places we've got all the audience we're going to monetize so there's a lot to it but these are things I'm looking at every day let's end on on AI so what's going to have what are your craziest predictions when it comes to AI. Well, I've gone pretty viral lately because my craziest prediction is that most people's grandchildren will marry an AI robot. Fuck my life. Some of them will, not everyone's going to, but I think this is the biggest thing we've seen since the internet. It's that big. When the internet came along, my thesis when I was a kid was, oh, this is like, like, I bet my life on it. And the bet was this is the biggest transformation ever. And like,
Starting point is 01:08:13 everybody will be on the internet and when I tell you when I said that in 95, six or seven, people laughed. Laughed. When people are like, when they talk about AI, I don't think they realize it's oxygen. Like when I get excited about the blockchain, NFTs, Bitcoin,
Starting point is 01:08:31 that is a big deal. When I get excited about social media, that was a very big deal. Email, Google search, these are big deals. This is a level above. This is internet and AI. meaning I view AI as almost boring to talk about
Starting point is 01:08:46 because is it fun to talk about the internet as a foundation? Like no, we talk about the things on top of it. To me, AI is now like omnipresent. It's a reality of life. And there's a real decade of recalibration, reckoning, disruption, opportunity. I'm baffled at anyone who's not spending an hour a day learning about AI and using AI,
Starting point is 01:09:12 I couldn't imagine. And I spent a lot of time prompt engineering. You know, just if you don't know what that means, Google it or AI it. And that's what's so funny. Like, even Googling it, I noticed I said to somebody the other day, I'm like, AI it. Like, go Gemini it, go perplexity, go gronk it,
Starting point is 01:09:28 go open AI, you know, chat GPT it. Like, it's like, it's huge. And it's, like, the wireless predictions are the internet of things, it thinking for you, it ordering, like, I think all of shopping will be done by agents for you based on your behaviors. Like, it will know better
Starting point is 01:09:46 that you wanted that outfit than you knew. Facebook already knows me better than my husband with my shopping references. Most days know things better than husbands now. We're a bunch of idiots. I think that it is very clear to me that we are going into a transformative
Starting point is 01:10:04 half century where AI will be like the piping of this reality, piping, railroads, infrastructure, oxygen, whatever you want to call it. This is the biggest thing that's happened a long time. Let's give people a couple things to do on that. Somebody's listening and they're like, all right, fuck it. Gary told me to do AI. What does do AI daily in order to get better at it look like?
Starting point is 01:10:27 Inside a Twitter X using Gronk, perplexity or Google Gemini or probably the one that chat GPT is so strong and so easy and common for people. download it and use it every day. Like, and then use it to, like, you, like, here's how I use AI. Hey, hey, hi. Like, hey, what are the, this is what I do actually almost every week. What are the five AI apps that popped in the last week that I should pay attention to? AI is answering that question for me so that I can go look at those apps and understand what's happening.
Starting point is 01:11:02 Also, real quick, because I know a lot of smart investors, listen here, be very careful in investing in AI. The reason I haven't yet is, Every week you think you just invested in the best X and a week later somebody crushes that. The speed, you want to talk about speed? The speed in which like these apps are getting updated and better is profound. It is the first time that I am annoyingly an evangelist for tech that is not something I've invested in or own. Like I won't shut up about, I'm like whisper flow. Fuck the keyboard.
Starting point is 01:11:33 The keyboard's gone. You just, you know, yeah, you just voice text and it's perfect from now on. I mean, that's wild. What about the fact that nobody has to learn a language anymore? Everyone's going to have ear pods that, like, you're going to talk to somebody. They're going to be speaking Spanish, and you'll hear it as English, and you're going to speak English, and they'll hear it as Spanish and Portuguese and Korea. Like, there's profound things coming. But the wildest one is we're going to fall in love with these, you know, AIs, and then we're going to put that in love AI into robot bodies.
Starting point is 01:12:03 And those robot bodies are going to go from looking like Robocop to looking like, you know, you know, Megan Fox. Sidney, and, you know, that Megan Fox movie is a preview. Yeah. Does that make you sad? No.
Starting point is 01:12:17 It doesn't. No, no. It makes me understand that this is how it's always been. You know, like cave men were different than you and I were. Supposedly we were apes, right? So like, does it make our apes mad that we,
Starting point is 01:12:33 like, you know, like shit changes. Like, look, I'm not, like, people are always like, Gary, that's gross. or like, you need Jesus. I was like, look, I'm not advocating for it. Yeah, you're just predicting. Like, in fact, I'm, like, advocating for simplicity. I think it's, I'm sad for people that wear gold chains and fucking, like, take pictures
Starting point is 01:12:53 in private planes. So, like, I love when people are like, this is sad. I'm like, you're sad. You know, like, this is what's brewing. This is what could happen. You're asking for a prediction. I'm guessing, but it fucking feels like it's coming. I think you're sadly, I think you're right.
Starting point is 01:13:09 I do think it's a little sad, but that is every generation is like... But by the way, I go back to this. We're in charge. Like, if you think it's sad as a human one day, like, you can parent and grandparent your kid into like understanding the value of a human versus a robot, right? The problem is like, is that like we have to get more comfortable with being uncomfortable. The reason the robots are trending, in my opinion, long term, is we want everything perfect. It's exactly what.
Starting point is 01:13:42 You know? But by the way, like, are we robots? Like, let me explain. Ozempic, vanity, hair extensions, boob jobs, fucking testosterone, HG8, like, makeup. Like, you know, like, people can argue we're sad. We become very, very, very visual. like 40, 50-year-old men and women. Like, you and I, two generations ago,
Starting point is 01:14:09 do not look like the way we look. And those people can say we're sad. Why do we have to alter ourselves? What's plastic surgery? What's Botox? You know? Gary's going to be like this? I'm probably not,
Starting point is 01:14:23 but I don't judge people that are. I just judge when they say something sad when they're doing the sad thing. I remember in the 80s when boob, like I was a kid, but I remember when, when everybody frowned on someone who had a boob job. And now they're everywhere.
Starting point is 01:14:41 You know what I mean? It's true. And so, like, I don't know. Is lip filler, like, sad to a woman from 1949? It sure is. They think you're fucking sad. Zoom out, huh? So, just because you think a robot's,
Starting point is 01:14:56 like, it's just going to keep doing shit. And I get what people are going to say in the comments. Like, yeah, but that's still a human being. I'm like, okay. Like, I don't know. Like, okay. I hired an AI specialist who's such, so amazing. You walk into my office.
Starting point is 01:15:12 The first time I meet the guy in person because we were interviewing him on a project basis. Anyway, he's sitting in the front area of my office. He's got a hoodie on. He's got those, what are those things called? VR glasses. And he's just fucking myestroing in front. And I, you know, take it a little video because it's funny. His name's Chadwick.
Starting point is 01:15:26 He's brilliant. And his entire job is to see where AI can play in our companies. But I started talking to him about this idea. And he pushed me really hard on our humans robots. He goes, should they be able to vote? Immediate reaction, fuck, no, they shouldn't be able to vote. He goes, okay, what about a human with a fake leg? What about a human with two robotic legs?
Starting point is 01:15:45 What about a human with a neuro transplant in their head? Where does it become a human instead of a robot? And I was like, poof. Yeah, and by the way, it might not even be right, like, meaning like, it could be the end of the human race. And I'm like, I'm okay. Like, I don't, do you think I want that? but my intuition is that my grandkids will be gone by the time that happens and like you don't get
Starting point is 01:16:10 to control the future like what is this audate this is where this is where the whole politics thing has gotten me crazy like we've gotten to this era where people have the audacity to think the world should be how they see it I have passionate points of view we just spent fucking an hour on it I don't think I'm right and I don't think it should be the way I see it like I just and Most of all, you can't stop it. You know, technology is undefeated. By the way, as I sign off, electricity demonized when it came out. Actually, the word demonized.
Starting point is 01:16:47 When electricity was invented, people did not put it in their home and still chose lanterns and candles because the word on the street was electricity had demons in it. We're scared of new shit. Harry V, you're the man. Thank you for being here. today. Thank you. You guys, this was wild. I was just looking and it looks like more than 50% of you are not subscribed to the Big Deal podcast. When you subscribe, first of all, it means we get to bring you bigger and better guests. It's also the number one way you can support this podcast if you liked it today. Subscribe on whatever channel that you're listening to. And I want to tell you
Starting point is 01:17:27 something firsthand. You become whatever you allow into your attention span. And what I hope you feel from us every single day is that I value your attention and your time more than anything else. I promise to only bring you things that are going to make you more money. They're going to make you more motivated to make your life better. So give me a little solid here. Subscribe to the channel. This is how we grow. Also leave me a review on what you want better and who you want on. I promise you will do it. Hey, if you're a business owner right now and you like the things you were hearing on this podcast, I have something that I haven't talked about publicly before that's just for you. It's called our SMB boardroom. This is for small business owners who want to,
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