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The GaryVee Audio Experience

Patience vs. Complacency | How to Keep Moving Forward While You Wait

The GaryVee Audio Experience

Gary Vaynerchuk

Business, Marketing

4.818.3K Ratings

🗓️ 14 September 2024

⏱️ 48 minutes

🧾️ Download transcript

Summary

Today's episode is a fireside chat I had with Drum Labs. I discuss various topics such as the importance of patience when building something meaningful, methods I use to optimize efficiency, strategies for developing and sustaining a successful company culture, and my perspective on how creativity should be defined in the Ad industry. I also reflect on the work that I feel the most proud of at VaynerMedia and delve into other related subjects. ENJOY!

Transcript

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0:00.0

I'm not complacent but I'm comfortably patient. I'm very fast in the micro but very slow in the macro.

0:07.6

For example even our global expansion we've had four to five substantial moments in the history of our agency where

0:13.6

Fortune 50 companies have walked directly into my office and said if you

0:17.5

open these offices in the Middle East and Africa and Brazil tomorrow we will

0:22.4

give you this $80 million in fee which at one time

0:25.5

was double our revenue we passed because I knew that we wouldn't be able to pull it off

0:29.4

that it was going to get sloppy that my culture was going to get ruined I call that patience. The Vener Media is now I believe it's

0:36.5

the largest independent agency in the world is that true? I think Widen is probably

0:42.3

still big. I mean we're in the mix. I'm not sure even how that all gets calculated but it's definitely gotten big.

0:48.8

Yeah, but you've got obviously got about 2,000 people now.

0:51.5

Yeah, in VainerX.

0:53.1

So we obviously have a publishing company

0:55.4

called the Gallery Media Group.

0:56.4

We have a commerce company, a production company.

0:58.8

So Vainer, I think, is probably 1,200 or so.

1:02.1

But in the VainerX network, yeah, close to 2,000.

1:04.6

And that is quite interesting to explain the structure of that business, because obviously

1:09.0

Wiener Media is a major entity's one, right?

1:11.6

But you've got a holding company which is the

1:13.0

internet. Explain why you've structured it that way. You know a lot of what this

1:18.4

journey for me has been about was not knowing a whole lot about this great

1:22.1

industry and so a lot of it was

...

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