Entrepreneur and investor Gary Vaynerchuk discusses the role of strategy versus luck in his early investment success during an interview on 20VC with Harry Stebbings.
“Saving my money in my twenties And then deciding to spend all of it in a one year period on Facebook, Twitter, and Tumblr based on at that .10 years of very hard work, diligence of saving and not wasting my money and looking for the opportunity to strike.”
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More from Gary Vaynerchuk
Disclosure
Gary Vee would refuse $100 billion if forced to permanently retire
“If somebody came to me and said, I will give you one hundred billion dollars in cash, but you can never work again. You must fully retire, meaning the cliche thing, must go on a beach, In a very nice place and actually do nothing besides drink beers, walk on t…”
Gary VaynerchukJun 20, 2022▶ 28:47Gary Vee: My First 3 Angel Investments; Why I Changed My Mind on Facebook Video | 20VC #899 · 20VC with Harry Stebbings
AssertionPartly supported
Gary Vee says post-iOS 14 ad pullbacks created organic arbitrage on Facebook
“I changed my mind on how big of a platform Facebook is. One of the coolest things for me right now is that I'm back into being obsessed with content on Facebook because the map of supply and demand of attention on it has flipped aggressively with iOS, 14 updat…”
Gary VaynerchukJun 20, 2022▶ 30:39Gary Vee: My First 3 Angel Investments; Why I Changed My Mind on Facebook Video | 20VC #899 · 20VC with Harry Stebbings
PredictionNot checkable as stated
Vaynerchuk would refuse $100 billion if it meant he had to retire
“If somebody came to me and said, I will give you one hundred billion dollars in cash, but you can never work again. You must fully retire financially. Meaning, the cliche thing. Must go on a beach, in a very nice place, and actually do nothing besides drink be…”
Gary VaynerchukOct 28, 2022▶ 17:2020VC: Chris Sacca, Chamath Palihapitiya, Gary Vee, Brad Gerstner and more on Their Relationship To Money, How It Has Changed with Time and Wealth, How They Bring Up Their Children To Engender the Same Values of Ambition and Hard Work?
Disclosure
Gary Vee has never sold a single share of his Facebook stock
“I've never sold a share of Facebook since the day I invested almost 15 years ago.”
Gary VaynerchukJun 20, 2022▶ 3:35Gary Vee: My First 3 Angel Investments; Why I Changed My Mind on Facebook Video | 20VC #899 · 20VC with Harry Stebbings
AssertionNot publicly verifiable
Gary Vee scaled his father's wine business to $60M on under $100k
“My dad had a business doing 3.8 million in revenue. And in a seven year window, I took it to sixty million. And I changed the course of my father's financial life and my mother's financial life. Yet I was never getting paid a 100,000 dollars a year and owned n…”
Gary VaynerchukJun 20, 2022▶ 8:02Gary Vee: My First 3 Angel Investments; Why I Changed My Mind on Facebook Video | 20VC #899 · 20VC with Harry Stebbings
Insight
Gary Vee argues money and fame expose character rather than change it
“All that money and fame do, Harry, is exposes who you actually are. It just accelerates your truth.”
Gary VaynerchukJun 20, 2022▶ 20:48Gary Vee: My First 3 Angel Investments; Why I Changed My Mind on Facebook Video | 20VC #899 · 20VC with Harry Stebbings
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