Should I speak Spanish? - If you want to. - I can't, I can't. (laughter) - Alrighty (in Spanish). - So I think the biggest thing that every immigrant watching this, and every person, but obviously being an immigrant I have those feelings for that audience, is you've already won. See, that's what people don't understand. - [Carlos] There you go. - You've already won. Let me explain. Picking the right business, having the right talent to see where the world's going. There's intuition, there's nothing I can say to make you do that, there's talent, there's timing, there's luck. That's real. I'm not worried about that, you know why? I'm not in control of that, nor are they. I'll tell you what they are in control of. The reason they've already won. They're just willing to work much harder than the people that live in the place that they were born. When you are born in America, the UK, when you are born in Canada, when you're born in these places that have stability of democracy for a long period of time, you're softer. - [Carlos] Correct. - I don't know, I'm willing to go work picking up garbage right now. - [Carlos] Yeah. - Right now. - It just doesn't seem so crazy to me. - [Carlos] Not at all. - I just did it, I've done it. I don't know what else to say. - [Carlos] Mhmmm. - When you realize you go to a land of opportunity, when you leave Venezuela, I don't give a shit if you were an engineer, a doctor, you know, the wealthiest car dealership, when you've lived through one, two, three, five, seven, nine years of dictatorship, communism, socialism at scale, and you get to leave somehow, and go to a place of capitalism, you're willing to wash dishes. You're willing to drive a taxi. You just are, 'cause you're so grateful for the opportunity. - [Carlos] That is correct. - That's it. - [Carlos] Totally. - And so, the things I normally preach, patience, immigrants have that. Immigrants come and they're patient as fuck, you know? They live in shitty apartments, they don't buy nice things, they eat minimally and they save, and so, you know, I think, especially the current political climate in America where there is a big group of people pushing against immigrants, I understand how an immigrant can get down, can get worried, can get concerned, can get bummed out. I give them the recommendation that I live with, which is put your head down, work, and everything has a funny way of working itself out. And remember that you've got it better. If you're complaining about immigrants, you've already lost to immigrants.
Good to see you. - Great! I'm a little cold, I'm shaking because of that, not because of you. - [Gary] No worries. - Always have that blanket on, so I have to thank you for that. - Like, I can't bring it into his office. - [Gary] So tell me about yourself, Priscilla. - So I am from Florida. I moved to New York City back in April with no job or place to live. I just knew I had to be here. I was an advertising major, there's a lot of opportunity in Sarasota, honestly, it's an old people town. - [Gary] I know it well. - And so, really? - [Gary] Yeah! - Small world. - [Gary] Yep. - So I said, alright, you know what, if advertising's what I want to do, I need to go get my feet wet where the art of industry is, that was New York City. So I packed up my suitcases, I couch hopped from friend to friend for about three and a half weeks. - [Gary] Good for you. - Yeah, I found a place, a sub-lease in Astoria, Queens, 'cause it was pretty cheap. And then I eventually got this job, but I have to tell you, the weirdest thing about it all was that, I didn't even know what VaynerMedia was, and I didn't know who you were. This was before I got my interview. But I saw a video of you preaching to recent college grads. (Gary laughs) I graduated in 2015, and it was just saying, no, you have this five year window to attack it, blah blah. And I was like, wow, this guy's amazing, it's so inspirational, so I posted it on Facebook. A week later, Alex reaches out, I have my interview, I meet Joe and Camillo, and I eventually get the job. And I looked at my Facebook timeline, and I noticed that it said Gary Vaynerchuk, I was like, no fucking way, that's my CEO! (Gary laughs) I'm working for his company now! - [Gary] That's so awesome. - So it's crazy. cool. - Yeah, but I am happy here. - [Gary] I'm glad. - I am happy here, I didn't move to New York to settle for any job. I, you know, moved here to chase my dreams and to work hard and to hopefully, you know, succeed. - And I love Vayner.
- [Gary] Have a great day, man. - [Frank] Pleasure to meet you. - [Gary] What's that? - [Tyler] If you spend 15 here, you're gonna be 15 behind. - [Gary] Yeah. Hello! - Hi! - Hi. How are you? You were so fired up, I was intrigued. (team laughing) So hey, just want to spend some time with you guys and say hello and see what's up. Kim and I were chatting, we thought it'd be a good idea to get together, like we have in some other times. I guess, in the limited time that we have, as I was thinking about this meeting, I think the first and foremost thing is-- there's a tricky thing I want to start with and I want to hedge it by saying that it's a tricky thing. Because I think you guys remember with the all hands-on. I've a lot of fear of the entertainment team, the creative team, the Bud Lite team. I have enormous fear of that. However, that's just life. I mean, there's only so far communism can take you. (team laughing) With that said, and with it being very important, and I would say, I want to be very transparent. There's a lot of people here that I hope I get to interact with for the rest of my career. And yours. That it's important to not let it trump anything that is the logo, but with that being said, the first thing I want to start with is thanking you from the bottom of my heart of having enormously strong DNA in the thing that I probably care about the most when push comes to shove, which is this team over the last forever and definitely over this last year has performed at a hustle level that is inspiring to me and, very honestly, brings me vibes that I want to break all of you up and put you in all different places so that you can bring that to the table. And so, for that, I want to thank you. And really, it's appreciated. It's very real. Two, I though about something that was super important to me. There's so many people in this room that I just don't spend any time with. It's funny, I was saying something to the others that have been here, Alex, I'm just never gonna win this game. Just not You know, I'm just not. I have to fucking-- It's kind of like the Jets. I just have to wrap my head around it (team laughing) It's not happening. But, anything I can do in this limited time together right now. I'm a very fond believer in the leaders of this ecosystem. But, what if you're having a problem with them? It's not super fun to-- Like, how do you have that talk? If you're struggling with your boss, or your boss's boss. One analogy that I'm gonna start using a lot of in here, is the United States. And I kind of view some of the things you'll see structurally that I'm about to announce and kind of what's in place with me and Claude, that I refer to, or James is, you know, I look at Chris and Kim and I look at them as governors. myself as Washington D. C. I really genuinely want you guys to know this. And I don't know if you know it. I think some of you know it, but I'm gonna just pound it. I just don't have anymore vested interest in who's saying Chris or Kim versus Jody. I just don't. To me, it's all the same. The quicker people understand that, the quicker they feel safe. The quicker we can have real conversations, the quicker I can address shit. Obviously the video I sent last week in lieu with the email, I'm not gonna be able to defeat what happens outside these four walls that creates an enormous amount of cynicism, fear, negativity. But I will chip away at it. And if I can get one of you to feel more comfortable to stop by and say hello, I mean, Katie, I don't fucking like-- I don't wanna go (team laughing) Katie, four years in between five minute chats. (team laughing) You know what I mean? Now listen, very frankly, to some of you, if shit's cruising and it's phenomenal, great. 'Cause I'll take the five minutes back. 'Cause there's 74,000 other fires, but I want to continue to pound to remind you, especially when you get it caught into such a tight knit ecosystem, that this is not VaynerMedia. VaynerMedia is different for every person based on the people they interact with. But the intent is very consistent. And I just have to continue to pound that. Finally, really, I just kind of thought what would be really smart for five to 10 minutes is maybe do a Q& amp; A. You know, I've been talking a big game of town hall Q& amp; A for the whole company. I've been miserably inefficient since I haven't delivered on it. It's already top of mind for like, I have to crack that nut. Because I think it will solve a lot. And so, I'll banter for another two minutes here while I get you to think about how much courage, or what question you want to ask. But, as I stall for that one minute, I'm very thankful for you guys' efforts. I'm excited. There's a lot good stuff coming down the pipe. A lot of exciting stuff. Our brand within the ecosystem of entertainment is very strong and growing. I'm getting a lot of inquiries from studio owners and media companies and networks. And so, I'm really, really proud of what's going on here and I want to thank you guys for that. I think it'd be really smart for you to clap for each other and then look directly in somebody's-- (team applause) Look in somebody's face! I apologize for the cheesy nature of that, but boy do I fucking love-- (team laughing) I love fucking clapping! ("You're Welcome" by Jura Kez) In SVP, there's a lot! This is big! This has been a lot of time in the making. This is a lot of my off, you know, August by myself. How do I win in '17. (laughing) You're like, motherfucker, I haven't been able to watch one play of an Indians game. In 10 minutes, I have to go speak at Columbia. But I'll see you Friday probably. - Okay. - I mean, super punch line is I made a macro decision predicated on my beliefs that you wanted to go into the CPG world with me. Let's go. Avi's outside? - [Tyler] Yep. - [Gary] Avi! - [Tyler] Does Avi know exactly the hall you're going into? Classroom's 301. - [Gary] 301? That's my dorm room!
I've known this man since I was 14, 15 years old because my family had a liquor store in Springfield, New Jersey, that I started working at when I was 14, that I later turned into something called Wine Library. And launched one of the first three or four e-commerce wine businesses in America called WineLibrary. com. Back in 1996, and your professor here was a hardcore wine nerd that knew way too much about wine for such a young dude. And I was a child, but that was my whole life and what I cared about. I built my dad's business from a three to a $65 million business, but I did it on digital marketing innovation of the time. In 1997, I had an email newsletter that had 91 percent open rates because nobody was e-mail marketing. And instead of sending catalogs from Sherry Lehman's or Zackie's, I was getting to customers first with the hottest wines on this thing "e-mail" and I was trying to send as many e-mails as possible in 1997 because I thought people would eventually charge for it. Like it was just like, it seemed such a great deal. (students laugh) Launching a website, e-mail, really, it's funny, but very honestly, if we start talking about VR, we're going to start making a lot of assumptions right now that are either play out or not play out in a 20, 30 year window. 1996 internet was a whole different fucking world. And so, I kept innovating, bought the word wine on the day Google AdWords came out, for five cents a click. That was a good bet. And owned it for a long time, and just did a lot of smart digital marketing things. And then I did a show on YouTube a couple months after YouTube came out called Wine Library TV, where I sat in front of a camera and drank four bottles of wine for twenty minutes. (students laugh) And a lot of people watched that, and that's how I kind of hit the scene in the tech world. And then what happened was YouTube sold for $1. 7 billion and I was like, fuck, I was right about e-com, Google AdWords, I was right about you know, cookie re-targeting banner ads. I was right about YouTube, maybe this skill I have for selling more burgundy and priorat can be deployed against something more financially interesting. So when I read the article about YouTube's sale, there was one article that featured Ron Conway's Angel Investor investment, and I said, "What the fuck's an Angel Investor? " I googled it. (students laugh) And you know, within twenty minutes decided I would be an Angel Investor. And went to South By Southwest three months later, became friends with Ev Williams and Blane Cook, the original CTO, and I think your firm at the time, me and Kevin Rose bought up Blane's original stock at Twitter, so I bought a ton of twitter real cheap. - [Professor] Yeah. - I didn't think of myself as an angel investor, I just thought that was a smart decision, 'cause I thought Twitter would be big. Then I went home from South-By. - [Professor] Did it do good, by the way? - Well it did for me because I sold my shares. So I did good. (students laugh) Came home, made a video. I was making wine videos, came home, made a video that said Facebook should be worried about Twitter. There was a guy head of platform at the time at Facebook that I didn't know by the name of Dave Morin. Sent me an e-mail, he's like, hey, this video has gone really viral inside of Facebook. Would you come out to Palo Alto and give a talk? So I came to a room like this, when, in front of the whole company, it was only 400 employees. And talked about consumer behavior and why I thought the world was changing. That caught Mark's attention, we went out to dinner that night, and a week later I bought a lot of stock from his parents. And then somehow I got David Karp to re-open the B-round of Tumblr. And, by the way, stick with me here, the B-round had a $14 million valuation. And I made an investment into Tumblr, so the first three things I invested in were Twitter, Facebook, and Tumblr. (students laugh) - That was wise. - Yeah, I mean, it was when I was smart. I was making bets on things that I thought would be successful. I didn't think of myself as an investor. I got progressively stupider after that. (students laugh) But, - [Professor] Why do you think that was? - Because I started trying to be an investor. I literally went from being, I'm a businessman, these are good businesses. This is good. The market changed. And this is Tumblr B-round 2008, B-round 14 million. Now every fake bullshit entrepreneur running around this campus wants 7 million, 4 million for their bullshit idea that they have no prayer on because entrepreneurship is popular, and instead of going to Bain and McKenzie they think they can start a fucking app that people are going to use. (students laugh) (students applaud) - [Professor] So those of you who are clapping, are you clapping because he just described you? (all laugh)
- The brand equity around being an entrepreneur today is stunning, it is stunning for me to, in the world, like I can't believe how cool it is in real life to be an entrepreneur, and that makes a lot of young individuals gravitate towards that. - Is that, but you, you're suggesting overall that's worse than if those young individuals went to work for Goldman Sachs or McKenzie. - I am. 'Cause I'll tell you what we are not, - Do you see the world as a better place, even with the bad ideas are getting,-- - No, I do not. And let me explain why. The biggest conversation that I'm fascinated by is the suicide rate at Warton last year. So we have, in parallel, a narrative that anybody can do it and everybody's entitled to win at entrepreneurship. And there's an underbelly in our world that I'm concerned about, and you know we've talked about this in different panel, this is a big thing. Like, when you are, there are certain individuals who have been winning in the first twenty years of their life in a game that was fixed before they played it. And then they go into the market. And the market punches them in the mouth, and they don't know how to react. And so yes, I do think, for the clichĂŠ paint a picture that I'm painting right now, there are certain individuals that I just genuinely believe would have had a better life being the number seven at Facebook, instead of the number one of Shitbook. (students laugh) Or, or, making 230,000 a year, on Wall Street or Consulting Land at 29 years old. Yes, I think there's a lot of people that will be better. Like, I love entrepreneurship the most, but nothing works when it's forced or off-balance. Nothing. You know, I don't get to judge who should. I'm just excited to see how it all plays out. (students laugh) Do you know what I mean? I mean, who should? Who should do anything in the world? The people, you know, what I love about this is they'll be plenty of winners during this era. There'll just be a lot more losers. You know? And so, that's all, just a timing thing, 'cause it's so classic. This is every market on everything, always and forever, it's why I love brand so much. This is when brand takes over reality. (bag drops) (all laugh) Yeah. I know, that was a big statement. (students laugh) So, I think a lot of, I grew out of, my crew grew out of the Angel, Super Angel, guys and gals that were successful in their first internet business, made some money and were getting, had enough Twitter followers, let's get to the punch line, to attract unbelievable deal flow. I made a lot of money, I made a lot, I'm going to continue to make a lot of money from that pocket. But a lot of us shouldn't necessarily be investors. We may be, should be keeping some investment behavior, but we should all really map ourselves, but I think yeah it's all really, I think all of this comes down to the supply and demand of the skills, and I just think people are very attracted to this world. And I think, especially when I sit in a class like this, you know, I try to reverse engineer every situation I'm in, especially, how do I bring value? If I can get one person in this room, to actually pay attention tonight, go home, look in the mirror, and try to start deploying aggressive self-awareness, it could change the upside of their lives. I genuinely believe that. I just,-- - As long as they don't work for Goldman Sachs. - Or they should, I mean, I really, or maybe they should work for their family business, I don't know. But I know that way too many people just go with the flow. I know how strong-minded I am, and how easy that is for me to get caught up and so I just think it's a worthwhile conversation, especially 'cause too many people make a decision on the now, not on when they're actually playing it out. Doesn't really matter to you if you're going to this world today, it matters what the impact is over a 36 to 60 month window you have to really quantify that. Looking at data told you what happened. You need to deploy real intuition and other kind of signs to what's going to happen, so you can make the decision for you. - Thank you. Thank you very much. (applause) - Good to see you, buddy. - Thank you so much. - [Gary] Thanks for having me. I'm sorry I'm late. - No. This is great. I appreciate it. - [Gary] Good to see you. - Tie? - Yes. - [Man 4] I wanna do a picture. I'm gonna get in the middle. - [Gary] Let's do it. - Oh, by the way, I wanna continue. - I love when we talk. - This is the second time we've talked. - It's fun. Yeah. - I really wanna continue. - Pitch in. (Gary laughs) - It's good to see you, brother. Great to see you. Talk to you soon. Hey, wanted to meet this guy. How are you, man? - Nice to meet you, man. - Thanks for coming today. - No problem. I mean, I got out of school today first of all. - That's the best part. - Gonna use that. Gonna use any excuse possible. - [Gary] Love it. - Absolutely despise school. So anything I can do to get out of that. Awesome to finally meet you. - Thank you, man. - I think Eliot may have explained. - Yup, yup. - You actually, whether you know it or not, connected the two of us. 270 something #AskGaryVee. - Yup. - Eliot picked my question. You said connect with him. - Yup. - I honestly didn't even know that there was someone that age doing what I was doing. I did the Facebook version of what Eliot does. - Yup. - I had no idea that there was someone else because obviously. - Sure, I know how it works. - You're behind the logo. - Yup, yup. - You have no idea. - Yeah, of course. - So to see Eliot and you. Connect with Eliot. Tons of phone calls. - Nice. - I'm helping him currently build his Facebook. - He's helping me build my Instagram. - [Gary] I love it. Keep jamming. - But yeah, so I just wanted to come here. First of all let you know that your content is something that I look at when I'm looking for content for myself. - [Gary] Yup. - Three things. Information. Motivation. - [Gary] Yup. - And entertainment. - [Gary] Yes. - Very, very few people provide all three. - [Gary] I appreciate it, man. I appreciate it. That's a very big compliment. Ready to go? - [DRock] Yeah. - Cool. Bye, guys. Thank you. - Thank you, that was awesome. - Thanks for having us. Thank you. ("Free Form" by Skilly Music) Headed back home. Gonna change into a suit. Go to a charity event. Some friends and fam. And then maybe head our for a couple more meetings. Good day. Fun meetings. The grind is on.