#AskGaryVee Episode 9: Ice Bucket Billionaire

on this episode I'm going to talk about humor billion dooll ideas a tough patch and I take the ALS challenge what's up everybody this is Gary vaynerchuck and this is episode nine of the Ask Gary ve show fun fact about the number nine is John Hall's number the pot smoking wild kicker of the late '90s early 2000 New York

York Jets Kyle asks what's an area of life that you haven't given your fullest efforts Kyle great question you know and I probably was willing to answer it because of how good I feel about this question there were two places 36 months ago that I was struggling in one was kind of the nonprofit NGO I was giving my dollars but I wasn't giving my time now I'm a very proud member of the board of pencils of promise and I've gotten more involved with my time which is the real asset and I feel like I'm checking that box of giving back outside of my own and family and things of that nature and so I feel good about that and the other one is my health so I would say health was the clear answer only 35 days ago um I guess now maybe a little bit more Gary time you know between kids and the businesses and now working out and like you know AJ's been pushing me this you know he's gotten to golf a little bit like a you know I'm I don't feel like I've been able to figure out or crack or hack Gary time right I guess the Jets do that but then that's really September to December I get that Sunday um for five seven eight nine hours depending if it's a home or Road game I think January through September finding something that just for me um that I really enjoy um is something I should probably figure out but the truth is that doesn't feel right to me right now as the kids are two and five uh I want to kind of allocate to that the health I'm just prioritizing other stuff hopefully in next two or three years Gary time Shai asks how does humor play

a role in business Shai this is a really great question uh and you've been known to ask me great questions oh you thought I forgot about weor I actually think it plays a role but I would say in the way that all of life humor happens to be one of the most attractive personality traits I mean look at the tragic events of this week of Robin Williams the enormous emotion uh and outcry and sadness and feelings that have come from the American public um shows you like how much a comedian can get very deeply ingrained uh in the world and he was one of those greats uh to you know I honestly use humor I mean a lot of you watch my Keynotes I like to fancy and think that a lot of my Keynotes take on a standup comedy routine I find myself having the ability to drive difficult HR conversations and selling things through to clients or to the general public by leveraging humor I think humor is an enormously attractive trait that is a very important part of business but no more important than the other things that are people are very attracted to in others which is caring and empathy self-awareness gratitude kindness Beauty you know it's just another core tenant uh that if you've got it use it Mike

asks is jab jab right hook coming out in Audi book form Mike I've been dodging this question on Twitter for months so congratulations for penetrating episode 9 the answer is I was supposed to do it in like December of last year January I kind of L gagged you know the two full days in the kind of Booth were just became unpre practical cuz Vayner media is exploding um and so all right I've been watching this guy I've been watching you Aon yeah this time I've got your number oh no uhhuh we got him this time guys we got him um so uh so where was I don't edit any of this where was I uh recording booth not practical yeah it wasn't practical V vayer media is exploding with characters and uh and so I uh just haven't gotten to it and the truth is uh we're thinking about having somebody else read it it's just kind of one of these things that is dragging now and is lending itself to me not doing it which I know is now going to get a ton of booze in the comment section um and I apologize Jason asks

what's the hardest thing you've had to deal with in the past 5 years and how did you get through it Jason that is an intense question actually you know what before I answered that question I did a little something fun for the audience and something powerful I'd like to thank my little contribution to the to cause uh earlier this morning let's take a look um I'm

doing ice bucket challenge for alsare and you Gary V tell me if you want to accept my challenge # ask Gary V hey Michael it's Gary V and I am taking the ice bucket challenge bring it mate I know you're going to love this holy woo I challenge you vayer Nation to step up so that was interesting this morning

Nate has never been happier let's make sure we uh edit in at Nate's handle in there so he gets a little love I love when we give the Vayner peeps some love uh now to a little bit more of a somber serious question Jason over the last five years the hardest thing that I've had to deal with you know hands down it has to be the fact of siphoning off of Wine Library TV daily grape uh that routine of 6 years and really leaving the day and day out operations of the family business that is the most emotional business you know uh working with my dad kind of this transition of being day in and day out with my dad to with my brother uh enormous emotion comes with that you I probably never even realized that would ever happen it was a very big brain twist for me that I would be transitioning out of the family business uh into another chapter in my life and I struggled with that quite a bit a lot of heavy emotion um the relationships and the people at Wine Library my dad and I Dynamics uh just all these very interesting things that was also happening right when Misha was born it was an interesting time in my life I was growing up and transitioning and changing I dealt with it with what I deal with everything and really probably the Cornerstone of my happiness I dealt with it by overc communicating the level of communication I had uh with the people involved was very high and allowed for it to happen and so um that's what I did Damien asks when

you have a billion dooll potential business plan without the financial resources in the inventory where do you start with funding Damian uh you know this is one of those questions that I uh I like picking for the show because I'm always scared to be too rude to uh the audience you guys are smiling okay now I'm freaked out that aon's doing stuff just at you uh oh you guys are worried about how much I'm about to thrash Daman got it little B um Damien the uh the answer to that question is very simple like we are in a bubble of financing right now there are people that would Finance this Venture just on idea it's happened people come in with a deck they have nothing people give them money for a piece of the business and they go and do it that's your only option I mean there's nothing else practical I mean you know anytime somebody sets up a question of I the amount of time do you know many people have emailed me with the title about to help you buy the New York Jets or Gary open this email and you will buy the New York Jets I'm going to help you buy the New York Jets and next line is hey Gary v a fan of your work I have a billion dooll idea ideas are everybody's got an idea CP have ideas all sorts of ideas I mean I I have unlimited ideas you know if you have the idea that's nice if you don't have the dollars and inventory well you my friend have nothing and so the only way you do something about that is go and get dollars from somebody to I assume get the inventory and I don't understand what the inventory is in this exact question but the reason I'm answering this question is for the entire vayer nation to uh to understand that practicality matters right passion which I'm loaded with is great right ideas transcend the word world great agreed but in execution in practicality is when these things become true that's matters that's what the people we all look up to have done they've taken from here and they've made it happen and so that is massively important and that is something I push all of you to start spending some more time on question of the day for episode nine who in your family inspires you the most tag them up give them some love it's a good thing to do you keep asking questions and I'll keep answering them on this episode I'm going to chase that employee that's with me out take secretly I think the reason I'm even doing this show is cuz I realize I'm in the midst of this health transformation and I'm kind of excited to watch me trans form into the Incredible Hulk over the course of the next couple years oh yeah subscribe