An Early Investor in Facebook Says the Next Era of the Internet Is NFTs

TL;DR

Gary Vee shares his origin story, from being a child of refugees in the Soviet Union to becoming a successful entrepreneur. He discusses his journey through various ventures and his recent entry into the world of NFTs.

Transcript

• The fact that the artists can continue to get royalties. - To the revolution. It's a revolution, Roger. I mean like, my God. (plane engine running) Yeah! - You got your perspective. I just want to be happy. Don't you want to be happy? (keyboard music) - Gary V, welcome to origin stories. - Thank you, my friend. Thank you so much for having me. - ... Read More

Key Insights

• 👶 Gary Vee's journey from a refugee child to a successful entrepreneur has shaped his ambitions and drive.
• 🔉 NFTs are the third revolution for Gary Vee, following the internet and social media.
• ⚾ Gary Vee evaluates NFTs based on supply and demand, the reputation of the creator, and his personal interest and aesthetic preferences.
• 🍉 The NFT space is likely to experience short-term volatility and uncertainty, but its long-term potential and impact are significant.

Questions & Answers

Q: What inspired Gary Vee to enter the NFT space?

Gary Vee's fascination with technology and his belief in the transformative power of NFTs led him to dive into the space. He sees it as the next big revolution and is excited to be a part of it.

Q: How does Gary Vee evaluate NFTs and decide which ones to purchase?

Gary Vee considers factors such as supply and demand, the reputation and authenticity of the creator, and the community behind the NFT. He also looks for projects that align with his own aesthetic preferences and personal interests.

Q: What are Gary Vee's concerns about the NFT space?

Gary Vee is concerned about the influx of short-term thinking and quick money-making schemes in the NFT market. He believes that the purity of the space may be affected by the commercialization and the influx of bad actors.

Q: How does Gary Vee plan to ensure the longevity of the NFT space?

Gary Vee believes that the NFT space is already guaranteed to have longevity. He sees it as a natural progression of the digital revolution and believes that NFTs will be a part of people's lives forever.

Summary & Key Takeaways

• Gary Vee grew up as an ambitious and scrappy kid in Queens and New Jersey, fueled by his family's immigrant background and his own entrepreneurial DNA.

• He ventured into online business in the late '90s, running his dad's wine shop and growing it from $3.8 million to $65 million in 13 years.

• Gary Vee became obsessed with social media and the power of content, seeing it as the next revolution, and now believes that NFTs are the third revolution that will impact society.