# Stocks vs Crypto vs Alternate Investments: Which is Worth Your Time?

## Метаданные

- **Канал:** Gary Vaynerchuk
- **YouTube:** https://www.youtube.com/watch?v=2pZc1hiV-Dg
- **Дата:** 21.05.2021
- **Длительность:** 45:18
- **Просмотры:** 75,485
- **Источник:** https://ekstraktznaniy.ru/video/17549

## Описание

In today's episode, I join forces with SPACs Attack Chris & Mitch, and special guest Matt Higgins on the latest trends in SPACs stocks, NFT, & Sports Betting. This isn’t about convincing others This is about having conviction when new things are happening, way too many focus on the debate, news alert, history will decide, spend less time convincing and more time creating. Enjoy! Let me know what you thought.
—
Thanks for watching!
Check out another series on my channel:
Tea With GaryVee (Fan Q&A Series): https://youtube.com/playlist?list=PLfA33-E9P7FBahSYlSAjOMGsuRPLMWWEO
Overrated Underrated (Hot-takes on Culture): https://youtu.be/TUSNSqA62uI
Gary Vaynerchuk Original Films: https://youtube.com/playlist?list=PLfA33-E9P7FAvnrOcgy4MvIcCXxoyjuku
Trash Talk: https://youtube.com/playlist?list=PLfA33-E9P7FDelN4bXFgtJuczC9HHmm2-
WeeklyVee: https://youtube.com/playlist?list=PLfA33-E9P7FBPjdQcF6uedz9fdk8XKn-b
— 
Gary Vaynerchuk is one of the world’s leading marketing experts, a New York Times 

## Транскрипт

### Intro []

nfts the blockchain the ledger social currency like a blue check or fortnight skins cutting out middlemen nfts are here for the rest of our collective lives you've got your perspective i just want to be happy don't you i really don't think we could have had two more legendary guests than you two so i'm gonna go ahead and let chris do some questions i'll be back with some of my own please all right guys so up first we want to talk about spax this is spax attack after all um we had matt on last time to talk about omni channel acquisition but matt for those of uh our viewers who were not with us last time can you give us a bit of a background on oca and what they're looking for um in a target company okay great uh nice to see everybody again nice to see you to chris and uh obviously we're uh we're still doing our work so i'm limited in what i can discuss but i can talk about what has been in the prospectus and what we're all about right i am very passionate about modern consumer businesses it's what i live it's what i invest in it's what i've helped build particularly direct to consumer businesses and it's also a course i co-teach at harvard business school about how to take a consumer business and move them along the omni channel journey so you know what is what does that really mean the expectation now especially coming out of the pandemic is frictionless commerce right people don't care whether you're transacting at the register you're ordering on your phone you're ordering online you want to be able to transact in a frictionless way no matter where you are and receive your goods no matter how you want them pick them up curd side and so forth so the pandemic compressed you know five plus years of e-commerce adoption into a year and that's created a lot of opportunity but also a lot of expectations and so my passion is about operators right i've backed operators all my life uh gary vaynerchuk and a great group of people and my thought was if you could put together a dream team of operators of omni channel avengers who could help a target move along that journey you could do something really special so i worked really hard put together a group of 21 individuals between the board of advisors great people who understand brands and marketing and e-com as bobby brown and then there's al kerry former ceo of pepsi could help get retail distribution of course gary vaynerchuk and christina tosi all people that i've been connected to throughout my life who i know how to support a founder and help move them along that on me channel journey awesome so gary i turned to you know you were early with some investments facebook twitter um i'm sure your name was a popular one out there for some of these spacks looking to add to their board or special advisors so were you approached by other specs prior to omnichannel acquisition yes

### Garys Background [3:00]

what made you join on with matt and the team at oca and really set them apart you know i um as some of the people that are watching know i come from an immigrant background you know i was born in the former soviet union most my entire business career has really been my father and my brother aj as my only actual partners and you know matt is really like a brother to me he's really the only other person that i've had a significant business relationship with when um him and steve ross made an investment in vaynermedia and our fun together and things that nature so for me it was the comfort of the human interaction but more importantly i've had a front row seat um over the last decade into what i think is higgins's superpower which is talent understanding right there's a you know i often talk about right now with nfts and spax and everything there's so much debating everyone's spending their time trying to convince and i i speak a lot about the thought of like look when there's new innovations and a lot going on convincing um is super um you know fine and interesting for people but having conviction and executing i think is really the most interesting part and i think there's a lot of people that talk about being good at understanding how to put together advisors or humans matt has put the wins on the board of the people and the companies that he's backed and so you can imagine when i started becoming educated on what spax were which is oh okay these companies are going to actually have to perform when they go public it's not private sector capital arbitrage it's real life how profitable are you actually you know there was a confidence layer for me to go into this one because i knew that that's all that matt has ever really focused on which was who are the actual practical practitioners right you know i heard and thank you very much for the nice interlude of like you know motivational but operator i see aaron brian in the comments saying gary talks about motivational but looks miserable i'm not miserable i'm focused i'm an operator these gray hairs come because i have a 1 500 person company globally and i'm operating every day and i think you know operations and execution is going to matter chris i think you know this 98 i mean i think there's going to be complete carnage with the majority of the spat companies that go public you know it's a hot trend to go it's a liquidation micro event but there's a lot of companies that probably shouldn't be going public because it's premature for them they might be great companies chris but they're not going to be great companies in the first 18 to 24 months from a profitability standpoint and the market's going to chew them up and listen we've seen things like facebook go from 42 to 19 to 250 like some of those companies will go on to be incredible bets i just would rather bet on a human who comes from an operational picking talent background than let's say a vc or financial arbitrage picking talent background and i think that's going to be the differentiator and i'm not interested in wasting my time chris if i'm going to be advising this or that like i'd like for the thing to do well not to like make myself feel good so this was an easy course for me to jump on yeah and you know gary you hit some of the parts of my next question was to kind of talk about you know how do you separate companies you may invest in versus a company you know that looks good to take public via space so you know gary talked about profitability and the stage of the companies you know i'll follow up with you matt what do you think are some of the key factors like determining

### Key Factors [7:00]

whether you're just going to invest in this company you know as like a part of rse ventures versus taking the company public via spec well i've talked about it in our prospectus too is that you know you want obviously demonstrated traction i certainly feel better than more of a track record more evidence that i can analyze you know the better the more comfortable i can feel it's just sort of you know obvious so i get you know very uncomfortable when i look at somebody basically putting forth what is effectively a story right so demonstrate attraction but big picture i'm analyzing the management team and the founder do they have what it takes to go the distance scale it's very hard i miss gary knows right to get a business from 1 million to 100 million to a billion those transitions are all really difficult inflection points and a lot of it begins with the manager that in the team of operators what i have come to find in my experiences no one has the full skill set to go the distance that's the reality and sort of cueing onto what gary was talking about sometimes with all due respect i feel like if you're an investor and you're staring in an excel sheet all you overlook the human component nobody has the full compliment to go the distance and what i did with this spac team is reverse engineered the most common competency gaps that i see in a company or a founding team and to make that a little less you know abstract if you have a company that's pretty much been a rocket ship with customer acquisition they're doing great you know with performance marketing and whatnot but maybe they're not so great at brand because it's hard to find both things in the same person that would be one example or they're doing really a great job with their social mission they're motivated you know they're they're certainly speaking to the millennial customer that wants to ensure that their company stands for something but they haven't been able to tell that story so these typical competency gaps that i see so no matter what i'm looking at i want to see demonstrated chat attraction a ceo or founder team that has a high degree of self-awareness greatest arbitrage in life and in business is self-awareness because if you don't have self-awareness you're going to be help resistant and i can't make an impact so a lot of what i'm doing is issue spotting determining whether or not the founder or the management team has what it takes and determining about how can i bring those resources to bear to make this a better company all right i'm going to go ahead and jump in here and ask a question about other specs here um so i'll go ahead and i'll open the question up to matt and gary you guys can both answer is there any kind of d spat companies that are your favorite

### Favorite Stocks [9:30]

out there or some that you like oh that's interesting i uh well gary do you want to jump in mine's very quick matt you know i um i don't do a lot of homework on publicly traded companies or spax so for me what i'm spending all my time on is consumer behavior which lends itself to early stage investing so you know i like to yap a lot and people know that but i don't like to talk when i don't know and this is something i have absolutely no nothing to bring to the table on i literally don't even know of another spec that exists i know chamath has facts i know that jim kiltz told me about spaxx four and a half years ago and he was kind of a father of it i know that the draftkings thing i think was a spec literally that's where my spac knowledge stops and starts outside of the fact that every day i get asked to be to take my company through a spec or to be a part of some so i'm just i'm not strong enough to answer that question i can jump in but i'd rather approach it because i think it's a lot easier to analyze a dspac let's make this more interesting let's analyze a pre diese pack and take a look at what you know the the dislocation in the market of the last few weeks has been sort of fascinating to watch right you have smacks trading below trust right make doesn't really make economic sense notwithstanding the treasury and we can leave that we can leave macroeconomic theory aside but fundamentally doesn't make a ton of sense so it's been interesting for me to watch what i believe are some really great management teams and just a great thesis be undervalued so a couple that i'll throw out there that i find interesting is one to accelerate uh which is led by uh nardelli right and and just big picture what am i thinking about when i'm looking at a spec does this management team ceo board have access to deal flow do they have the ability to harness the resources to uh evaluate that deal flow and diligence in right it's one thing to be able to pick up the phone and get great inbound or outbound it's another thing to figure out how do you separate real cac from fake cak you know real a to ltv from imagined uh flywheels uh so i'm looking at do they have the ability to marshal those resources and a lot of that comes from do they have great operational background right and then can they get a deal done at the end you know it's hard easy to raise money very hard to deploy intelligently so i look at a few specs out there that are really interesting one is a accelerate another is uh it's um it's michael dell's i think it's uh msd and what i find interesting about that one is they're partnering with greg lemkow used to run investment banking at goldman sachs i worked with him very closely for two really tough years of my life trying to buy formula one running all over the world trying to pull up a deal but that guy's got tremendous access to deal flow but he's also incredibly thoughtful and so i get excited to see what they're you know what they're going to do so that's kind of generally how i've been approaching and looking at what kind of management team sort of meets those criteria is another one and it's no longer trading below trust but is that kkr holdings i mean they're kkr right gonna have access to incredible deal flow ability to marshal resources to diligence that dfo ability to close it and that was sort of that so that's giving you a sense of how i approach it i have a list of about eight that i find interesting but i'll sort of stop there but that's my sequence of analysis hey you could see the research there guys like gary said you gotta do your deep research and you guys can see matt doing his research there so one thing i'd like to mention and you know we've seen this already of sports franchises be mentioned in

### Sports Franchises [13:00]

specs we know gary you've been working hard to get towards the jets um so my question now is you know we know matt has some experience with the dolphins when do we get you to team up and get one of these sports franchises i mean the one thing matt knows because we know each other so well as there will be no conversation for me to do anything outside of the new york jets and i'm doing that in a very tortoise like you know again uh i uh i'm incredibly patient you know the comments in here because i don't care about lighting and shaving or cutting my hair and because i'm eastern european and have the raccoon eyes you know i get my eight hours of sleep i'm a tortoise i'm a high energy guy when i'm awake but i'm a tortoise out here and so i'm hoping to strike on the jets somewhere in about 20 to 23 years i'm 45. 67 68 is a young man gives me plenty of times to win a lombardi so i will not be teaming up with matt nor anyone else to buy anything other than the jets which would be very full circle for matt and i because obviously he was the president of the jets when we first met um and so i uh that is my i'm very narrow in my sports team ambitions and to be very clear i try to use the jets as a weapon with gary as a way to get him to sell assets prematurely to pay for things that i want to buy how are you going to ride the jets i know you're out there at the draft and holding up the jersey we gotta get going let's sell this and you know it never works he is oddly wait you would think the frenetic one on the screen is gary vaynerchuk but it is it's really bore the suit right here because carrie is very darius long money very patient i i'm very patient you know and it helps me in times like you know obviously three years ago the sports card thing that you know i saw your promotion pieces so you know i assume you're going to want to touch the subjects all segway you know they exploded i mean like you know my return on that is absurdity and it currently probably because of that nba top shot and a lot of energy going there and just a million other things people worried about inflation there's you know we're definitely not the top that we were in february and like a lot of my friends contemporaries people that have gone in big too selling selling and for me i'm like you know sports cards have had four of these cycles just in the last 30 40 years like to me it's very easy for me to say well i still think we got a lot more to go here but if not this next turn in 13 14 years is going to be staggering like fine art i think the everyone's debating or right now between nfts and art and collectibles i think it's going to be a huge game of and i think they're going to feed each other i think the alternative investment ecosystem over the next half century is going to be staggering and i think people's portfolios will expand dramatically outside of publicly traded stock and real estate portfolios and so i'm in the midst of this right now where i could exit in a substantial way and i'm doubling down on that asset for 13 years from now and so yeah i like playing long yeah definitely that's exactly where we're gonna go ahead and segue so might as well go ahead and play the nft video the forever phoenix you know i definitely saw that one and that's all i could say there i'm i've been i am telling you right now i'm not going to start my drawings because you'll probably see the same comments that you got on some of yours gary i know how it is art is in the eye of the beholders so one of the things i wanted to mention is you know you were very early in this industry and like you talk about it you like the grind behind the euphoria stage but now we're in that

### NFTs [17:00]

euphoria stage where do you see the ceiling here in nfts i believe and by the way the comment section on this show is remarkable like the quality of the combo and just big shout out to you and your community like i love that we're doing this on a back end where i can see the comments so hey everybody's you know the jokes of me looking disheveled but also the very thoughtful you know responses and debating um so it's exciting to say this to this audience this is one i think i'm gonna really nail and like kind of show this video in 12 years and be you know like i like to do the recalls this is so obviously internet to me internet 99 2000 nfts the blockchain the ledger the transactional nature of it providence social currency like a blue check or fortnight skins cutting out middlemen that don't bring value so we can track transact like nfts are here for the rest of our collective lives comma and it's a big comma the amount of money that's going to be lost in the next 24 months on individual nft projects because people bought it 85 and i'm going to turn to the dollars not eath 137 4 000 14 000 and the supply and demand issue that is about to happen over the next 24 months because men and ladies who are watching let there be no confusion every celebrity every ip every league every movie every ip every intellectual property and every influencer and human will have an nft project in the next 25 months which will lead to an extraordinary level of too much supply and the demand will not be able to keep up with it and so the early projects right now that are getting disproportionate economics are going to be affected poorly and we will have this april march april 2000 internet stock moment in the flip side when all those things collapse there'll still be amazon and ebay in there the way there was in 2000 and the macro of nfts because it goes far beyond art in collecting this technology um memberships you know the royalty aspects the way music and books are gonna and movies are gonna be funded and distributed this is an extraordinary moment for all of us and i'm excited to be early on it again like i was with e-commerce and social media i you're right i only know how to get dirty unfortunately i've showered too well no marker stains left but um i am working on my own project that i'm hoping to launch in early may um matt and i are in the final stages putting together a vehicle from an investing ecosystem like i'm going all in while all my other stuff i think nft is going to be here to stay but we'll have a moment somewhere here in the next 12 to 18 months where may people make a lot of jokes about it like see that was a fad c you know similar to icos right cryptocurrency didn't disappear when the ico world collapsed it was there was people were in that moment of short-term money the reverse of everything i'm excited about short-term money let me make a quick bag i'm going to buy a plane and a boat and an island by only doing something for fast for 11 months and we're going to see that in nft land but the macro is extraordinary and game changing and will have disproportionate impact on businesses that sit in the middle and transact by being a tollbooth they're going to become remarkably vulnerable and i think people need to pay attention to that because there's a back to the audience here there's a lot of publicly traded businesses that make their economics by being in between the artist or the ip and the consumer that are going to find themselves in a pickle in a decade because of how much ease there is for the creator to monetize directly with audience without needing all that middleware

### Crystal Ball [21:00]

you know gary i know you we're looking at some of the comments we have someone asking if you have a crystal ball um how do you see these things so far in the future and i gotta say you know as you answer these questions you're knocking off more and more questions that i have you know for you talking about you know the ebay the amazon behind this stuff um being the survivors long term i i've got more questions for you on nfts but i want to turn to matt for a minute um you know talking spax we had a spac deal announced yesterday um for tops a well-known company sports cards and you know doing the spac deal and pretty much saying you know hey we're going all in on nfts too can you give us a little color on you know what your thoughts were on you know reading or hearing about that top steel i think it's interesting i mean i gary and i have been debating a ton he just mentioned that we're working on our own vehicle around nfts i actually just to pick up on what gary said because i don't know a ton about tops i look at the deal i'm sort of you know i'm wondering because i like gary i'm seeing the frothiness i mean all you got to do is add those three letters to anything and suddenly everyone is euphoric and that's not that's a little bit of a danger a dangerous place to be but to go back for a second it's the journey that gary's talking about is the more interesting thing if you want to bring the crystal ball out that the glut of ip that is now running up all these prices right we know what's going to happen once there's so much supply there isn't enough demand right and those prices begin you know to collapse big picture around uh and then people will lose faith and so we have been together on this journey around bitcoin you know i'm going all the way back to 2013 i was mining bitcoin gary and i invested in coinbase gary tell me if i'm wrong i feel like it was 2013 or 14 right it was a period no you're right pretty it was 14 because i always get when i bought aetherium and that wrong you're right we invest in our last fund in coinbase in 2014. uh matt and i are crapping our pants out of excitement we went up heavy on coinbase in 2014 in our last fund as you can imagine especially after yesterday chris you you're more educated on this than i am has there been a company that has had better economics at the height of the heat of the excitement of a macro trend because when i think of google or facebook these were companies that were on their way when they went ipo but they didn't seem profitable and i'm sure the cynics or the practical or the black and white or the peanut counters were like yeah but wait a minute when i see coinbase and again even though i'm in it it's not the biggest thing in the scheme of things and i'm just so undereducated on wall street culture but i'm not a dope and i keep it dangerous meaning i keep my hand to it a little bit it seems like for something you know there aren't that many times where there's a macro trend like crypto and nfts and the company that's the disproportionate leader is coming to the market with real goddamn numbers i'm asking i'm very no you're not you're not wrong at all and that was gonna be one of my questions let's jump to coinbase so yeah those impressive numbers yesterday and it looks like yeah i mean it just keeps getting better and what a perfect time to go public so you know the revenue growing the profitability the sign ups you know this past quarter was just insane for them so i think it's the perfect time to go public and i think you're spot on you know talking about facebook and google maybe going before they had reached that plateau um so yeah let's go ahead but i want to make a quick wait just to finish the whole thought is that there was a moment though in between that journey where even i lost enough faith but interest in bitcoin i remember gary made a joke like why don't we put the entire fund into into bitcoin i was like don't say stuff like that you're gonna hurt this is coming from somebody who went really deep on that white paper and understood 21 million and was renting you know server space like i was like don't no bad luck right so that's going to happen with nfts mark my words gary too you're going to see there's going to be this oh this was just you know a fad and then the opportunities will really begin to emerge sorry i just want to get that out there no perfect so matt you know gary

### Trust [25:20]

talked about you know not being as knowledgeable with spax and you know kind of putting his trust in you when it comes to that market is that the same here with you know uh bitcoin coinbase nfts where you're putting your trust in kind of going along for the ride with gary on the growth of these markets that's actually a really great question i won't say the instance but there was one instance when i really lobbied gary to violate his conviction that was more like intuition because he wouldn't give me data and it irritated me and we made a very bad decision to sell something prematurely so as gary knows i read everything i love data and but the reality is the best decisions are gut sandwiches they begin with gotten intuition they're supported by data in the middle but they end with gotten intuition right so gary i have come to trust and understand that like you know big picture especially when it comes to macro trends he's generally right and so i have to suspend some judgment when i'm like really you want me to buy some kitten you're telling me crypto punk is gonna be worth a million like you know he's like buy this i'm like but i don't know i don't think it's interesting it's so you know yes the answer to your question is a lot of it i am drafting behind my brother over here chris the thing is in my older age with these gray hairs as they emerged by the way i love your hair situation chris thank you america it's all natural this is all natural so i i much like the transparent excuse me the transparency i brought to this conversation like hey i'm not going to be able to answer this spak thing as well hey i don't really understand how wall street wants to decide things when it comes to a very narrow place which is consumer behavior around communication layered into technology dynamics and when i say communication why do i know nfts are gonna work because i know that people buy mercedes benzes to flex because i know people want a blue check on their instagram account because i know people want followers on tick tock because i know that people wear fashion brands with huge logos their facial hair or their jeans we as human beings desperately need to have communication to others through our words and our actions and so to matt's point earlier i stay in a very narrow place of conviction which is how people communicate to each other whether that's through marketing pictures videos written words and the modern platforms or through the depths of psychology of what we need for outside affirmation to go and navigate our insecurities or our ambitions and i stay very focused on that and to matt's point that is not an excel sheet land you know you'll enjoy this uh matt will start laughing because he knows this is my standard answer people ask me to take you know vayner x uh public through a spec obviously if that even was a consideration that would be the only one but they always reach out and i always say to them you do not want me to be a publicly traded ceo because in that first earning call when somebody asks me a 90 day question a short term like why'd you lose pepsi or why did you gain pepsi or why something that makes no sense in a 30-year window i'm gonna be disrespectful to the fact that they can only make decisions based on excel sheets and what they learned in business school because that's not real life you know definitely you know one thing i definitely have taken from you gary is the attention that you pay attention to and what people are paying attention to and that and there's really i really don't think there's anybody that grasps that data and really transitions it learns to monetize it and i'm definitely impressed by that but let's go ahead and let's move into sports betting here guys so i'm going to go ahead and play a great video here

### Sports Betting [29:10]

i had to play that one that video is really good matt you got into real good i know that's a shark though matt you looked really you really got your together for shark tank brother you look good yeah so i saw gary for the first time in the middle of the pandemic we were in pictures you know what's interesting about you matt i never know what version of matter i'm going to meet there when i haven't seen you because you know the weights go up and down yes that is painful that's a zing out of deep love because i want this man on earth for 50 years and i want healthy behavior for my dear friend here i hope you guys are loving this in the chat guys this is a real live conversation between you know these two great people who know each other they invest together so let's turn to sports uh i want to hit on sports betting and sports cards a little bit more um so sports betting the big news right now is you know new york um so matt any thoughts on sports betting you've been in football for a while you know what we see you know increased legalization state by state um and what's the market look like and how receptive you know is the nfl to the increase in sports betting it's so interesting how social more is you know evolve i've been involved with the nfl since i you know started at the jets which was a 2004 right so the jetson and to the dolphins i remember early days of the jets i was overseeing the business right and uh i really wanted to be able to do branded lotto tickets right and so but that was considered like a societal ill and so i wasn't able to do a brand and i did a whole powerpoint for the league about how it you know actually if you ask people and did a study they would say that you know hamburgers are just as bad as lotto like that there's no reason why we can't do this you know when it was eventually permitted i did a deal in florida my only point here we are you know a decade later and now sports gambling has obviously hit the tipping point so i think it's really interesting i am an investor in a company called action network i don't know if you heard about it but creates great content and data uh around sports gambling darren revell by the way if you don't follow darren ravel out there i think he's one of the smartest people out there on consumer trends but sports betting in particular he's an action network so he's where i get my perspective but if you look at it from a total addressable market about 30 billion dollars at maturity which will probably be reached by 2025 2026 so i think it's obviously here to stay um one thing that i'm working on is i'm one of the first investors in the drone racing league so we have now become licensed in new jersey we're working on getting licensed you know in different states around the country so probably my biggest lament is that i had fanduel sitting in my office like got to be six years ago and i was like oh i think this is going to work but it's kind of in the gray area and i had to pass i like to admit all my bad passes by the way all within this uh 30 minute segment so you know obviously huge market some interesting etfs out there i think one b-e-t-z i'm not an investor but interesting uh but anyway i think we're still maybe a quarter of the way through the evolution of the space

### Sports Cards [32:15]

awesome yeah you know way to admit on the fan duel i just wrote about fanduel this morning looks like ipo you know is coming soon for them uh you know um and yeah the bets etf we had the round hill gang on our show a couple times um you know great pure play basket there uh gary i want to turn back to sports cards so you know uh there there's not a lot of publicly traded options for investors to you know take advantage of this market we saw collectors universe the parent company of psa you know bought out um what are some ways that you know retail investors can you know get involved in the growth of trading cards either you know buying cards themselves or finding a platform to invest in here that's a really good question um so for this audience i actually think this is a practitioner moment here's what i mean by that i think to your point you've got psa the holding co and i know that like transacted a couple times that sold it bought it badly um so i know a little bit about that there's obviously now the top situation i think panini is a private company there's just not a lot of options so for me if you're interested in that space i actually think sports betting and sports cards go very hand in hand because you're really betting on either current athletes whether it's a luca donage or or ronaldo cuny i think one of the things that has made me a good investor was sports cards you get to understand market dynamics so for me i think this is actually an opportunity to get very granular hands dirty and actually do a little trading on stockx ebay whatever your platform of choices ebay is really the dominant place and play a little bit it's obviously a lot more tedious you're holding real life stuff you get the product shipped you got to put in a safe you can send it to pwcc in other places but i think this is an early stage marketplace if you google there's unbelief rally and dibs and star stock there's just unbelievable amounts of innovation so it might be a very high risk high reward if you want to do the shovels and picks in some of the innovation and there's a ton of it obviously there's you know the collector's universe and tops aspect if you want to do your public thing though i can't speak to that because again that's the place that's most great for me which is what wall street does and then i actually think my actual answer which is especially if you like sports you know one of the reasons people like betting is to make a mundane game more exciting for them it's you're almost paying like an experience ticket and i think that um one of the ways to go about this is actually you know if you believe in sam darnold for example who just got traded to the panthers his cards are extremely down and you just might enjoy the panther games on sunday much more so you know worth at least a little bit of a if you want to get your practitioner skills up to understand how culture and supply and demand work in the trenches

### Next Trends [35:10]

trenches yeah definitely you know one thing that we've always seen from you gary is that you've been ahead of several trends i know i was watching three or four years ago you mentioned tick tock tick tock and man i should have been listening i'm not even gonna lie but what's the next what's coming next what are the next trends and what can we look out for you know i uh i don't predict and matt knows this about me i don't predict where my one crazy skill is it immediately becomes obvious to me that it's about to happen with a lot of humans and then i'm all in fast i would say you know the other thing i was loud about that has emerged was audio you know i talked a lot about audio and we've seen clubhouse pop and i think you'll see every social platform have a clubhouse-like feature the way snapchat popped and then everybody had a story feature um i really like what i'm seeing with discord meets nft projects so i'm just gonna kind of like talk this through this isn't a prediction this is a how do i help this audience maybe build on top of this micro thought and maybe lead to a big breakthrough for themselves i believe that nfts are going to create such a transparent community that you'll see the people that all owned this young music artists early token become a virtual fan club some of the stuff you're seeing with facebook groups the things that naturally happen with humans which we congregate around common interests fan bases politic divides so i'm very hot on the communication layer on nfts let me get nerdy but very simple imagine a world where you have your pub you have your wallet you're able to connect to a ecosystem of communication a chat a virtual room uh a message board a facebook group like environment and be in a place where you are able to only be part of that community if you actually own the token the people that build those pipes around that i think are going to have a very large business so what i would say is early alpha just just the beginnings of a smoke of a thought is the communication layer against the tribes built on what's sitting in your private and public wallets

### Questions From The Chat [37:40]

awesome so i want to get to some questions from the chat if you guys have a couple minutes i know we're going over here um matt and i don't know if you can answer this we had a question from bruce in the chat talking about morgan stanley out with the study saying that um spax need to have pipes lined up to get deals done uh have you know explored a pipe before this uh deal gets done or is that something you will do once we get an announcement for oca that's an easy question because i could just simply say probably not something i could get into so no that's a perfect answer so we appreciate the transparency and the language so chris anybody else find it funny that i like i like the the terminology that the spac world has created has made me really laugh pipes really yeah it's one of those terms out there that you know it and someone who writes about specs i i i ever thought i would so hey chris can i jump in on something gary said for half a second for your audience out there if you're looking at gary and it like seems like he's got a crystal ball because he was always so there before you read about it i was making this point to the dolphins players yesterday we do a business combine where we help the guys figure out what's their career going to be after football is pretty amazing like probably 40 guys for an hour where i'm just talking business and i was giving them my number one piece of advice is that successful people are able to act on opportunity before the tipping point of evidence right not before there is evidence before there's a tipping point and so i have never had an original thought i have acted early and with conviction just as gary has so nfts look to you like or not you the world like they just started about three months ago they've been around for a long time right bitcoin was before elon musk started tweeting about it and acquired a billion and a half worth of it like so my only advice to those it's not that you can't get access to the information because the information is about on the internet as gary vee likes to say google is your mother like go ask mom go ask google it's whether or not you have enough conviction and belief in yourself to go ahead and act on that opportunity before the tipping point of evidence i just want to give that overall advice because it's not like gary and i were you know endowed with special supernatural powers is that we did cultivate the ability to act with conviction early just not good hair no definitely not good hair and not the ability to spell but my mom my mom trained me star wars style in the most important skill set in life which is emotional intelligence you know i think what we are about to see over the next century is the incredible growth of the gray people starting to really delve into the depths of intuition which today over the last 50 years has been laughed at because it wasn't granular we've lived through the great era of the black and white the school system the get a job the college with the internet the blockchain and everything else is doing is it's flipping the world upside down and it's creating a world that's going to rely on emotional intelligence kindness empathy compassion foresight chance lack of fear millions of other things that happen and so it was funny that matt used that term because i actually cannot believe how fortunate i am in the timing and the luck of when i was born because the things that i do naturally have and the circumstances of how i was brought up are more valuable today than they would have been in 1967 or 72 from a business transaction standpoint and i think for everybody who's in the chat right now or watches is out there leaning into strengths and not over dwelling on weaknesses i think is the incredible aha at least that i know about myself and what i observe in matt and every other person that i've come across that is in my opinion outperforming and i think a lot of people spend way too much time on prevent defense using a football term everybody sucks at most things stop dwelling about what you suck at focus on a strength and then go and attack and right now a lot of people are going to invest in things that they don't understand cannabis betting um crypto nfts sports cards or a hot stock instead of betting on things they deeply do understand it and when they do that they always outperform yeah definitely i want to jump in here you know as you guys see my name here story investors i definitely think the story of is everything a lot in this market if you don't know the story of things then you're not going to understand the trends be able to get with the flow before the catalyst really come and one of the things that i'd mentioned that you guys are mentioning just for traders out there one of the best things you can do is learn to be decisive and that's one thing that matt just kind of mentioned that i think really could stick to you traders out there i think that's right you know why it's more fun to die on your own sword when you go with conviction and go all in for real if you lose there's a level of satisfaction of like well it wasn't somebody else who did this or god damn it i listened to or i listen this one podcast or gary got me into cards at the wrong time like no when you die look all of us in this game are gonna die many times life's a video game you die a lot in business right business is that it's just a lot more fun to die on your own decision and so that conviction and understanding makes it more palpable the taste of losing is bad enough losing on someone else's opinion or push is a disgusting feeling i've been there you know all the chat rooms you see nowadays all right guys i think that's gonna wrap up our questions we kept you over the time that we said i know we have a million more questions the chat has we'd love to have you back on sometime i'm hoping we can get you guys back on when that oca deal gets announced so again guys joining us on the show today we have matt higgins omni channel acquisition rse ventures and we have garyvee vayners x vayner sports vaynermedia five times new york times best-selling author a super new york jets fan uh you know what a great conversation we had you know i love it thank you so much both of you for taking time out of your busy schedules again guys the ticker is oca omni channel acquisition and if you didn't hear me at the start of the show for full disclosure i am long shares oca uh thanks again guys thank you so much for having us awesome full disclosure i am long the three uh stacks that i mentioned as well i love being on and we will definitely come back awesome thank you cheers bye-bye thanks matt thank you guys bye mitch youtube bachelor what's up it's garyvee first of all thank you so much i hope you're doing super well during these times i also want to ask you please subscribe because my commitment and exploration of youtube is about to explode stories polls more content more engagement more surprise and delight this is the time to subscribe i hope you consider it and i hope i see you soon