I Spent $75,000 on Gary Vee's NFTs
Capitalism.com with Ryan Daniel Moran
Capitalism.com
4.8 • 802 Ratings
🗓️ 31 May 2021
⏱️ 18 minutes
🧾️ Download transcript
Summary
I don't care who you are. $75,000 dollars is a lot of money. But that's what Ryan just spent on Gary Vaynerchuk's NFTs. As an investor who's spent most of his life studying the stock market and a capitalist who's raised and deployed millions of dollars through the Capitalism Fund, for Ryan to drop this kind of cash on something so… weird? Well, there's got to be a good reason.
The good news is, you don't even have to understand what a Non-Fungible Token is to see what Ryan REALLY bought.
After listening to this episode, you probably won't be one bit clearer about NFTs. But you'll leave with something far more valuable - a model you can follow to build social capital and to strategically position yourself to get in front of leaders, thinkers, and mentors you want to engage.
Networking groups? Masterminds? They have their place. But this "strategy" can work even better, once you know how to use it. Why? Because when you come from a place of giving, service, and humility, wonderful things happen.
Transcript
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| 0:00.0 | Before we dive in today, I want to draw your attention to our new podcast called The Road to One Million. |
| 0:06.6 | For those of you who have asked that we document the process of building a seven-figure business |
| 0:11.6 | by following the playbook that I share in my book, 12 months to one million, this podcast is for you. |
| 0:18.7 | In this show, we are documenting every step of the process from some of |
| 0:22.9 | our students, from our own businesses inside of capitalism.com, and also the businesses that |
| 0:28.9 | I'm investing in. I'm working with these entrepreneurs one-on-one to document and to help them |
| 0:35.2 | grow towards a seven-figure brand. My one regret in my entrepreneurial |
| 0:39.4 | career is that I didn't document the hundreds of seven-figure case studies that I played a part in |
| 0:45.5 | over the year. So better late than never. And on this podcast, we're going to document the highs, |
| 0:50.7 | the lows, the wins, and the losses, and all the steps that these brands take to |
| 0:54.9 | build a seven-figure business. So if you want to see behind the scenes of what it takes to |
| 0:59.2 | build a seven-figure business, make sure you're subscribed to The Road to One Million on Spotify |
| 1:05.0 | and Apple Podcasts. And when you do, I hope you enjoy. I did it. |
| 1:11.0 | Yep. |
| 1:11.5 | I bought $75,000 worth of Gary Vaynerchuk's V-Friends project. |
| 1:18.5 | Of course, a couple days later, the Bitcoin and Ethereum markets crashed like 50%, so in today's |
| 1:24.1 | dollars, it's like $35,000. |
| 1:26.5 | But at the time, $75 grand, I bought his little trading card things. |
| 1:33.1 | I don't really get NFTs yet. |
| 1:36.0 | I mean, I can see how they're going to play out. |
| 1:38.5 | Like, I can see how this is probably going to change business. |
| 1:41.8 | But for now, NFTs are still kind of weird for me. |
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