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The GaryVee Audio Experience

An Interview with YAHOO On the Status Of the American Dream and Entrepreneurship

The GaryVee Audio Experience

Gary Vaynerchuk

Business, Marketing, Entrepreneurship

4.818.1K Ratings

🗓️ 10 June 2017

⏱️ 7 minutes

🧾️ Download transcript

Summary

It was great talking with Yahoo about my ideas and past. We chatted about my thoughts on what the status of the American dream is today - Everyone is a founder and entrepreneur these days, and that means a lot in the world of investments. Being an entrepreneur is more than just throwing it in your social media profiles, and there's some really important points here around both entrepreneurship and some current trends I'm noticing (hint hint, VR). Hope you enjoy! DM me and let me know your thoughts ;)

Transcript

Click on a timestamp to play from that location

0:00.0

Hey guys, it's Gary Vay, Nerd Chuck, and this is the GaryVee audio experience.

0:10.0

Okay, you were just in there giving your talk. Yes.

0:13.0

I'm proud of that, you're sharing your story. You're an immigrant in the US.

0:17.0

So what do you think the status is of the American Dream today?

0:21.0

I think it's massively alive and well. You know, I think, as a matter of fact,

0:24.0

I think the internet being at scale today has compounded the opportunity.

0:29.0

When I see a lot of people who feel like the political climate, for example,

0:33.0

is suppressing a female or a minority, I always try to remind them like,

0:37.0

look, this is the best time ever, the internet doesn't care what you look like.

0:41.0

You can go direct to consumer with your offering, nobody needs to be in your way.

0:45.0

And so I would argue that this is the greatest time so much so that as an early stage investor,

0:50.0

I've actually stopped investing because everybody now is a founder and a startup entrepreneur,

0:56.0

and the supply and demand of actual good operators has scared me so much.

1:00.0

And it's a little bit of a guest game, and I don't know who's a real entrepreneur and who's a fake one,

1:04.0

but I would tell you that it is extremely alive and well.

1:07.0

So when you say you stopped investing, is that just for the time being?

1:10.0

Yes.

1:11.0

Okay. Absolutely. I just think things are inflated. I think every kid that goes to Penn,

1:14.0

who has an idea, thinks her company is worth $6 million, and I think that's scary.

1:19.0

And so this is not 2006-70 when I was investing in Facebook and Tumblr and Twitter.

1:24.0

This is a, we're the uber of house cleaning, but I've never built a business in my life.

1:29.0

I was probably going to go work at Bain and Rakinsi, but now because of this gold rush,

...

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