Gary Vaynerchuk

Gary Vaynerchuk

Businessman, family man, and CEO of VaynerMedia

THIS CHAT HAPPENED ON August 21, 2015

Discussion

Gary Vaynerchuk
Gary Vaynerchuk@garyvee · CEO
Hi I'm Gary - I've been building business all my life. Starting in my 20's I grew the family business, a liquor store, from $3million to $45 million in 5 years by launching WineLibrary.com, one of America's first wine e-commerce businesses. Then in 2009 I co-founded VaynerMedia, a social first digital library helping brands market in the year we live in. Currently I'm an Angel investor and Advisor to some of the most successful tech startups and have invested in more than 50 including Twitter, Tumblr, Medium and Uber. Last year I decided to launch a $25 million seed fund, VaynerRSE, to continue investing. Ask me anything!
Ryan Hoover@rrhoover · Founder, Product Hunt
You've invested in over 50 startups (Product Hunt included 🙏) and I'm sure you've passed on companies that turned out to be wildly successful. Which one do you most regret not investing in?
Gary Vaynerchuk
Gary Vaynerchuk@garyvee · CEO
@rrhoover Uber Angel...I got in later but missed the Angel and Travis was such a dear friend, I wasnt as liquid then and it really bugs me, also Pinterest ar 200 m, I was on it, it was something I loved but dragged my feet
Darrin Malone
Darrin Malone@darrinmalone · little engine inc, President
@rrhoover Man... not to take the spotlight off Gary... but THANK you for Producthunt. So simple and so helpful for a small agency like mine!
Doug Astor
Doug Astor@theezaven · product hunter-gatherer
@rrhoover nice product improvement - love the red background on the maker name and the blinking red light next to Live Now!
Shannon Clarke
Shannon Clarke@sajclarke · Electrical Engineer & Software Developer
@garyvee Everyone says they missed out on Uber and the media constantly tries to paint Travis as an asshole - Good to see that he has a lot of close friends who vouch for him otherwise
ilya movshovich
ilya movshovich@ilyamov · Focus on ideas that change the world!
@rrhoover I'm guessing that would be @Uber from what I've heard @garyvee say :-) http://www.businessinsider.com/g... Any others besides Uber?
Jeff
Jeff@jefferysierra · Co-Owner, President
What are three things every entrepreneur should be thinking of on a daily basis?
Gary Vaynerchuk
Gary Vaynerchuk@garyvee · CEO
@jefferysierra #1 Their Legacy #2 The lack of time #3 The enormous amount of time and applying patience to every decision and execution I am aware number 2 and 3 are contradictions - ;)
Jacob Catalano
Jacob Catalano@jgcatalano · Founder
@garyvee why legacy?
Ryan Hoover@rrhoover · Founder, Product Hunt
This video legacy from 2008 (!!!) sticks with me to today:
Paul Robert Cary
Paul Robert Cary@prcary · CEO, Findie | www.findie.me
@rrhoover Thanks man.
Andrea Sanchez
Andrea Sanchez@andrea_sanchez
@rrhoover @garyvee Boom. "Big picture always wins." Survive and thrive. Social equity > financial equity. Make rent, pay your bills, build your legacy.
John Exley
John Exley@johnexley · Sales, Yieldmo
@garyvee Is there a difference in the % ownership you take (on average) when you write a personal check as an angel investor versus when you become an advisor to a particular startup? And, when you're interested in a particular founder/company and want to help, how you decide between investing through VaynerRSE, versus writing a personal angel check, versus becoming an Advisor?
Gary Vaynerchuk
Gary Vaynerchuk@garyvee · CEO
@johnexley NOW I only can ( CAN ) do VaynerRSE...it precludes me from personal unless my LP and team sign off but I never want to create that situation
Matt_DuBois
Matt_DuBois@matt_dubois · Materials Coordinator, IPS Learning
@garyvee What advice have you given or would you give Casey Neistat on being successful with his company and app Beme?
Gary Vaynerchuk
Gary Vaynerchuk@garyvee · CEO
@matt_dubois to focus on the balance between your vision and the community feedback
Jeff Needles
Jeff Needles@jsneedles · Data @ Houseparty & Maker of Things
@garyvee I need some wisdom! You've worked with all kinds of people... If you work with a crappy/toxic person, but have to make it work. What do you do?
Niv Dror
Niv Dror@nivo0o0 · VC at Shrug Capital
@jsneedles Jeff we will work it out 😖
Gary Vaynerchuk
Gary Vaynerchuk@garyvee · CEO
@jsneedles I dont make it work...get out or get them out - PERIOD...you dont have to do anything ;)
Jeff Needles
Jeff Needles@jsneedles · Data @ Houseparty & Maker of Things
@garyvee Thanks! You rock. Still waiting on the #MeerChat 😘
Sean McCabe
Sean McCabe@seanwes · seanwes
@jsneedles If you're interested in more detail, Gary just answered this question yesterday: https://youtu.be/NpiPc3gPeYY?t=2...
Jesse
Jesse@jessereyes · Entrepnur
@garyvee Agreed!
Erik Torenberg
Erik Torenberg@eriktorenberg · Former Product Hunt
Gary - You have so many accomplishments and so much to be proud of. What's something you're _not_ proud of, professionally or personally? (sometimes it's helpful to that society's heroes have hangups too)
Gary Vaynerchuk
Gary Vaynerchuk@garyvee · CEO
@eriktorenberg That I didnt invest enough time in my marriages first 5 years, lizzie and I had a lot of time together before kids and I left 2 vacatins of year and 10 weekends a year on the table and chose to work instead, I hate myself for it and regret it
Stefan Koenig
Stefan Koenig@koenigst · CEO, hull.io
@garyvee Well said!
Hugo Fauquenoi
Hugo Fauquenoi@hfauq · growth @todoist and @twistappteam
@garyvee What would be the best f*****g piece of advice you'd give to upcoming grads? (@rrhoover do you plan on adding a searching tool to LIVE? Might help avoid repeating the same questions :))
Ryan Hoover@rrhoover · Founder, Product Hunt
@hfauq great suggestion!
Richard Arblaster
Richard Arblaster@r_arblaster · marketer
@rrhoover also adding auto refresh to the page would be a great help :)
Randy Miller
Randy Miller@milla_killa · srWorx. Vitality Films. Ex-MoversSuite.
@rrhoover You could make it similar to the StackOverflow or UserVoice model of posing questions/upvoting/etc such that it auto-finds another question as you type and you can choose to upvote or add a new question.
Sean McCabe
Sean McCabe@seanwes · seanwes
Big #AskGaryVee fan. What is the most important thing to understand in order to be able to get from six figures a year to seven figures?
Gary Vaynerchuk
Gary Vaynerchuk@garyvee · CEO
@seanwes big picture things, patience, empowering others, understanding that 99% of things dont matter, biz dev chops to create leverage
Sean McCabe
Sean McCabe@seanwes · seanwes
@garyvee I'm writing these down and looking at them every day. Thanks a million!
Erik Torenberg
Erik Torenberg@eriktorenberg · Former Product Hunt
Question from @Dfmorse23 who is having trouble logging in: "I'm curious for people like you + Tim Ferriss + Altucher + other thought leaders: Have you ever felt pressure, content-wise, to compromise the stuff you love (or "dumb it down" a tiny bit) to reach a wider audience? Pressure to “sell out” as some may say? How do you make sense of that term and of that pressure?”
Danielle Newnham
Danielle Newnham@daniellenewnham · Founder, The Junto Network. Author
If you had to choose one, what single quality do you think sets you, and other very successful entrepreneurs apart?
Gary Vaynerchuk
Gary Vaynerchuk@garyvee · CEO
@daniellenewnham for me its Work Ethic but for many others its a ton of different things ..empthy and salesmenship are up there for me too
John Exley
John Exley@johnexley · Sales, Yieldmo
@garyvee Take us back to the initial release strategy for Crush It! ---- what were your cornerstone ideas around personally tweeting your fans; doing press interviews; speaking at events where the organizers buy Crush It versus paying you your typical speaking fee; doing a book tour speaking around the country; etc.? Do you remember which particular "channel" converted the most book sales? Was it Twitter?
What is the best thing you did in the past 24 hours? :)
Gary Vaynerchuk
Gary Vaynerchuk@garyvee · CEO
@sc3wnet kissed my kids
Niv Dror
Niv Dror@nivo0o0 · VC at Shrug Capital
@GaryVee Any tips on how to get Facebook videos stand out when shared on Twitter? They are amazing natively, less so when shared outside of Facebook.
Gary Vaynerchuk
Gary Vaynerchuk@garyvee · CEO
@nivo0o0 to understand u get more from making more upside happen within facebook and not outside of it, dont be crippled by the outside distribution, maximize the internal reach
@garyvee Do you listen to a lot of music or do you think it's a waste of time?
Gary Vaynerchuk
Gary Vaynerchuk@garyvee · CEO
@tylerballl i listen in the background when I work...listening to back to back right now ;)
Mike Street
Mike Street@mrmikestreet · Thinker
How can the tech community solve its growing and visible diversity issue?
Gary Vaynerchuk
Gary Vaynerchuk@garyvee · CEO
@mrmikestreet communication ..more amazing people of all races and backgrounds need to speak and create dialog, its tough man, I think its one of the issues that will always haunt humans, Iwe know each other well so we know where we sit but we also know there is a HUGE amount to go
Shree Dhamija
Shree Dhamija@always_in_beta · Co Founder, Everipeida
What future technology are you most excited about?
Gary Vaynerchuk
Gary Vaynerchuk@garyvee · CEO
@always_in_beta The smartification of all physical goods
Karen Marie Mason
Karen Marie Mason@karen_marie_mason · Founder of Artist Launch label services
@garyvee I love my smart pens.
Morgan Black
Morgan Black@atlaskids · Founder, BlueDeep Capital
Hi Gary, thank you for taking the time to share your knowledge with us :) If I could only do one thing forever to build and grow an online community around a brand, what would it be?
Gary Vaynerchuk
Gary Vaynerchuk@garyvee · CEO
@atlaskids LISTEN to them
Shannon Clarke
Shannon Clarke@sajclarke · Electrical Engineer & Software Developer
@garyvee So much YES
Juliet Chen
Juliet Chen@julietchen · Social Media Strategist at Buffer
@garyvee Love this one!!
Virginia Barnett
Virginia Barnett@vbarnett323 · Serial Entrepreneur
@garyvee thank you so much for being here! My question is about NDAs. If hustle enough to actually get in front of an investor that I admire, is it rude to ask them to sign one? I would feel weird asking for one since the person is making time for me, however is that bad business to not protect my idea?
Cayce Crown
Cayce Crown@thecrownview · President, The Crown View Group, LLC
@garyvee Thanks for ALL the great work you've shared with us for so many years. Who are three women entrepreneurs you love and admire?
Gary Vaynerchuk
Gary Vaynerchuk@garyvee · CEO
@thecrownview Great Q... My grandma on my dads side was a hustler at the flea marker back in Russia ... I adore Katia the CEO of BirchBox and Brit Morin the CEO of Brit.co ..I invested in both so I can see them up close ...easier for me to comment on how great they are
Ryan Hoover@rrhoover · Founder, Product Hunt
@brit did a LIVE Chat a few days ago. We should see if Katia's open to joining. 😄
Darrin Malone
Darrin Malone@darrinmalone · little engine inc, President
@thecrownview "You're only allowed three great women in your lifetime."
Cayce Crown
Cayce Crown@thecrownview · President, The Crown View Group, LLC
@darrinmalone Never limit yourself!
Cayce Crown
Cayce Crown@thecrownview · President, The Crown View Group, LLC
@garyvee I just envisioned a video of you playing your grandma wearing a babushka. Thanks, I can't wait to investigate those other 2 great women.