Neistat: Gary Vaynerchuk invested $500K in Beme without understanding the product
Casey Neistat · Casey Neistat and Matt Hackett on Live Video's Struggle for Interestingness · Y Combinator · Nov 1, 2017 · at 20:15
Casey Neistat, cofounder of Beme and creator, recalls pitching early angel investor Gary Vaynerchuk on Beme's video app prototype.
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“Gary's one of the first people I met with, and I pitched the product to him by myself as best I could. At the end of that pitch, he had this look on his face, and I looked at him and said, you don't have any idea what this is, do you? And he's like, I don't get it at all. And then he said, put me down for half a million. And when I asked, I said, why? He said, because I bet on the jockey, not on the horse.”
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