#AskGaryVee Episode 32: Is Twitter Really Overvalued?

to hustle the way you do anywhere outside of the United States?” – Alex this is a ludacris question. It is complete- Do we
know where Alex is from? Maybe you can look it up real quick while i’m answering this question. Alex this is a ludacris question. This question pisses me off so much that it’s starting to start to show with it, as Steve is looking. The thought and nature of people saying well America is an
entrepreneurial paradise is the same conversation that’s happening within America of like to
be great in tech you need to be in San Francisco,
like no good businesses are made outside of Silicon Valley. That is just asenine. Let me just remind everybody that Facebook was invented in Boston. Alright, and the home of the Patriots It’s crazy for me when people debate this. Of course you can. Your country is not the variable
of your hustle life, right? Now the environment that
entrepreneurship is glorified in the US. The UK wants
to be more reserved. China got it’s own version
of entrepreneurship. Yes, does the environment
effect it? Of course. My parents growing up in soviet Russia where there was no business, of course they were effected by that. But your hustle, your work ethic, your drive is not
predicated on your zip code. – [Voiceover] Tony asks,
“Gary, what are your thoughts

about people that say
companies like Twitter, Uber, and Snapchat are way
overvalued in the market?” – Tony, what’s really
interesting about this quesiton is I am one of those people. I grew up in the late and mid 2000s into the 2010s 11s, 12s, 13s thinking a lot of things were overvalued. I thought we were at a little bit of a bubble in 2010, 11. I’ve been proven to be extremely wrong. What I would tell you is,
is that inflation happens. The world changes. I’m starting to wrap my head the notion of wait a minute maybe
these things are undervalued because the value of a
hundred million dollar compnay just 15, 20, 30 years
ago was a far grander and wealth just contines
to exponentially grow and so I would say that,
it’s a double-edged sword. There wil be prenty of
things over valued, tons. But if something is proven to have won and you think is the
future of infrastrucure. A la an Uber, where you
can clearly see them getting into FedEx and UPS lanes in other places. Plenty of people have lost a lot of money by thinking things were overpriced. And I want you to listen to
that backwards one more time. So rewind it whether you’re
listening or watching. A lot of people have lost
a lot of money by thinking things have been overvalued. And of course there’s
the ying to that yang and pople have lost in
betting on overvalued things but when things hit scale Amazon and Ebay in the early days of the internet where people thought they were overvalued but the world caught up to them. Be careful if the world is
catching up to something. What I mean by that is
if you start watching normal people doing things
on some of these platforms you’re going to see a scale jump Are they overvalued? If there’s a crash in the market or a terrorist attack in a
major city, can it be overvalued? Of course, but is that
temporary is the real question. And when I say temporary
don’t misunderstand me. Is it overvalued and
will go down for a year but then go back up because they’re living in the future while other things are not. – [Voiceover] Annie Hubbard asks

“For blogs just starting
out, how do I get people to be interviewed without
being a big name media company?” – Annie your question really means to me, which is how do I go out and get people where I can
take their brand equity as a starting point for mine, right? Like if I could interview Gary Vee and put it out there some
of his fans will come over, listen to that interview and then they’ll become aware of me. So what you’re talking about
is equity leveraging arbitrage. Brilliant, agree with it, for
the people that are listening. If you look at podcast land
that’s how they all do it. I did a bunch of those interviews promoting Jab, Jab, Jab, Right Hook and then they’re leveraging my name over and over and over again
to build auidience. So it is a classic game. There’s a dirty little secret Annie. People that have leverage and have fame even if you call it z-level fame, like me. They like to talk and so I’m going to tell you something that kind of refers to question number one on this episode which is the answer is hustle. I would just keep asking
and asking and asking. I would audit all the
places that look like you or kind of like you and look at the people that have done interviews there and when you start realizing that I and Tim Ferriss and Seth Godin like to give interviews because
we also like the exposure. We also have been successful
and we like to give back. I loved, a couple of
years ago, or last year, my interview 365 day year thing where I just gave people interviews that didn’t even have any audience because I was giving back. Some don’t want to give
interviews unless you’re big. That’s why you get nos others do it because they like to pay
back to the community and they remember grinding and the person that gave them a break. And so very honestly I
would ask and oh by the way, I got a real curveball for you and this is for everybody listening. Sometimes you need to ask
the same person 11 times. And one could say that
you’re being annoying but if you come from a good place and you do it with a prideful tack and you do it in an appropriate way and if you’re actually listening to what’s going on in their world maybe Tim’s got a new book coming out. Maybe he redesigned his website. Maybe he’s got a new podcast. Those are times to strike like a cobra when they want something and you want something,
then interests align. – [Voiceover] NCG asks “What does one do

when you feel you have unique content but not tapping into the right audience or not gaining visibility.” – Nikola, this is where you start
looking yourself in the mirror and deciding if you have
business development chops. This notion that you
have the greatest content and it’s not finding
it’s audience is romantic at worst and audacious at best. To me what you need to
look at is are you capable of also building audience for your content or are you just the content provider and do you need a partner
who can help you go out and do that or have
you just lost all sense of reality and you’re
stuff is just average. – [Voiceover] Galen asks, “At
what point do you just get rid

of a client because they are
just an all around clown?” – Galen, this is a funny question. I think a lot of VaynerMedia
employees are going to have a fun time with this quesiton if they are watching or listening. I think that for me I
hold on for dear life. First of all business is business. I think one of the reasons
people recommend getting rid of clients is they don’t have
the stomach for adversity. I actually can deal with the negativity and it’s business is business. If they fire me then I
deserved to be fired. But the notion of there
are clients to be fired. It’s right and a lot of
times it helps your business and so it’s about self-awareness. So for me, Galen, it’s
very late in the process, like almost borderline, I don’t know, when they take a knife and
stab it through your eye. It might not be a good
relationship anymore but that’s literally the level
that I’m looking forward to because I can handle it and
it’s not slowing me down. We’ve got plenty of clients that I think by all modern standards
should have been fired but I have not and it has
not hindered the growth because yes there’s some time
and attention put into that and even in a world where
we get lots of new business. There is value in retention.
There’s also moods. How about relationships?
Do you just get divorced when a time comes tough? The ebb and flow. Do you
just get rid of a best friend because of a bad night? Do you get rid of friend
after six straight bad nights? One could argue yes but I’d
say hmm there’s a lot there that you may want to fight for it. So I think it comes
down to self-awareness. A lot of people are not capable of dealing with the conflict
or it brings them down. To me, I like to rise to that challenge. I like that game but it comes down to my own self-awareness of me as a leader and more importantly i have
to factor in the empathy of 400 other people and
is it bringing them down. So cool, I can stomach it but
as they’re getting yelled at on the phone every single day, is it bringing them to a
place where they want to leave and so for me it’s when
it’s effecting other people that are in my family that I value more and family I mean my company that I value more than the client itself. That’s when I’m looking at
it but then a lot of times, I’m trying to surround,
interchange and account people of the people that have more of my stomach and can handle it.
To me, that is the timing. Thanks for watching episode
32 of the #AskGaryVee Show.