My First Million

How Gary Vee runs 7 businesses

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Key takeaways

  • Gary Vee’s success is largely driven by his focus on long-term relationships and investing in people, rather than immediate financial gains.
  • Efficient time management, including 15-minute meetings and leveraging talented teams, is crucial to scaling multiple businesses.
  • Building a personal brand and content presence fuels business growth and opens new opportunities in the evolving digital landscape.
  • Leadership growth involves honesty, candor, and kindness—improving company culture and personal reputation.
  • Investments in personal development, relationships, and supporting entrepreneurs are strategic moves that pay off over time.
  • Understanding human nature, envy, and mimetic rivalry is important for managing oneself and others at the top of success.

Summary

Gary Vee's Approach to Business and Investment Philosophy

Gary Vee emphasizes a long-term, patient approach to business and investments. He shares that he invests in his relationships and nurturing people within his network, comparing this to spending millions on his relationships rather than only focusing on immediate financial returns. His philosophy revolves around being long-term greedy, investing in relationships, and doing good for others without expecting instant ROI. Gary also discusses his tendency to fund his projects personally, highlighting his confidence and the backing from high-profile partners like Steve Ross, owner of the Dolphins.

Operational Strategies and Daily Workflow of Gary Vee

Gary shares insights into his hectic yet highly efficient daily routine, which starts early in the morning and involves back-to-back meetings, most of which are brief (15-minute slots). He attributes his productivity to hiring talented people, maintaining focus, and the practice of quick decision-making. The discussion reveals his emphasis on reducing meeting length, maintaining emotional resilience, and the importance of having a team of trusted family members and close associates to run his multiple businesses smoothly.

Building and Managing Multiple Businesses at Scale

Gary offers a detailed breakdown of his diverse ventures, including VaynerMedia, VaynerSports, CR Group (restaurants), VeeFriends (NFT and merchandise), Wine Library, and VaynerWat. He explains how each operates with different revenue streams, and how his role varies from active CEO to strategic advisor. Despite the scale, he maintains a hands-on approach, focusing on long-term growth and branding. His success is tied to the consistent hiring of talented people he trusts and creating a culture of relationship-building over transactional dealings.

Philosophy on Content, Influence, and the Future of Business

Gary discusses the importance of content creation and personal branding, stressing that much of his business success is driven by his visibility and influence. He believes that the next wave of Fortune 500 companies will be creator entrepreneurs who leverage social media, AI, and blockchain. Gary also talks about the significance of authenticity, avoiding shady business practices, and staying true to his values, especially when vetting potential partners or collaborators.

Thoughts on Success, Human Nature, and Personal Development

Gary reflects on human nature, including tendencies to compare oneself with others, mimetic rivalry, and the complexity of success. He emphasizes that many high achievers often struggle with envy and negativity towards other winners. He advocates for happiness, charity, and genuine relationships over superficial success markers. He admits to past challenges with candor and firing employees, and how he's improved his leadership by being more transparent and kind. His focus remains on evolving as a leader and building a legacy rooted in real human connection and doing good.

Sponsors

  • Mercury · They make the world's best banking product. Gary has used Mercury for all his businesses and recently started a personal banking account there, moving off Wells Fargo and Chase. He praises their easy-to-use platform with features like virtual cards, joint accounts, and instant savings yields. He recommends Mercury as the best banking product on the market.

Show notes

Get Sam & Shaan's CEO lessons in one guide: https://clickhubspot.com/ptcw

Episode 826: Sam Parr ( https://x.com/theSamParr ) and Shaan Puri ( https://x.com/ShaanVP ) chop it up with Gary Vee. 

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Show Notes: 

(0:00) Intro

(2:40) Nick Dio, VP of friendships

(6:47) How to invest $1M on yourself

(10:06) being long term greedy

(17:53) Gary breaks down his companies and revenue

(21:43) day in the life of Gary v

(26:19) breaking down the 15-minute meeting

(29:07) eat shit and firefight

(31:00) picking projects

(32:31) 5-year bets gary is making

(34:04) missed fat pitches

(38:00) vetting shady people

(42:55) Mimetic rivals

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Links:

• https://vaynersports.com/ 

• https://www.vaynerwatt.com/

• https://winelibrary.com/ 

• https://empathywines.com/ 

• https://resy.com/ 

• https://vcrgroup.com/

• https://vaynerx.com/

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Check Out Sam's Stuff:

• Hampton (joinhampton.com): My community for founders. Average member does $25m/year. Many of the guests are members. Get after it...apply: http://joinhampton.com/mfm

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Check Out Shaan's Stuff:

• Shaan's weekly email - https://www.shaanpuri.com 

• Visit https://www.somewhere.com/mfm to hire worldwide talent like Shaan and get $500 off for being an MFM listener. Hire developers, assistants, marketing pros, sales teams and more for 80% less than US equivalents.

• Mercury - Need a bank for your company? Go check out Mercury (mercury.com). Shaan uses it for all of his companies!

Mercury is a financial technology company, not an FDIC-insured bank. Banking services provided by Choice Financial Group, Column, N.A., and Evolve Bank & Trust, Members FDIC

• I run all my newsletters on Beehiiv and you should too + we're giving away $10k to our favorite newsletter, check it out:

beehiiv.com/mfm-challenge

My First Million is a HubSpot Original Podcast // Brought to you by HubSpot Media // Production by Arie Desormeaux // Editing by Ezra Bakker Trupiano /

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