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The GaryVee Audio Experience

SlossTech: Alabama Fireside Chat Keynote 2016

The GaryVee Audio Experience

Gary Vaynerchuk

Marketing, Business

4.818.3K Ratings

🗓️ 28 July 2016

⏱️ 74 minutes

🧾️ Download transcript

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0:00.0

What is the one element of traditional corporate culture you'd erase

0:03.1

and then gets in the way of developing startups?

0:06.4

You know, politics.

0:08.4

What, you know, now that, you know, VaynerMedia in the last five years,

0:10.9

I've grown the company quite a bit, so we're very fortunate, you know,

0:14.9

whether it's under armor or Pepsi or Turner, you know, G.E.

0:19.0

We're working with the biggest brands in the world,

0:20.8

and one thing that's holding them all back is politics.

0:24.2

You know, the game is built where people's vested interests

0:28.6

are not aligned with the organizations.

0:30.5

They're bonicing people and they're rewarding people

0:33.6

on a very certain task that is completely against investing three to five years from now.

0:40.4

Every decision is predicated, especially in big companies,

0:44.1

on 90-day terms, because you're in a Wall Street world,

0:47.3

where every 90 days they judge you, and all the money that everybody

0:50.4

as humans from the CO down are involved in is the actual stock price.

0:55.4

And if the stock price goes down, people get sad.

0:58.0

If you look at what Jeff Bezos does and even Mark Zuckerberg to a degree,

1:01.4

but not as well as Bezos, in my opinion,

1:03.6

is they completely disregard Wall Street,

1:06.1

and they're willing to have wild swings.

1:08.7

But then you look up every three to five years and things are phenomenal.

...

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