Business Tips: #AskGaryVee Episode 47: How I Screwed Up My Uber Investment

Business Tips: #AskGaryVee Episode 47: How I Screwed Up My Uber Investment

Awesome Tip: #AskGaryVee Episode 47: How I Screwed Up My Uber Investment



#QOTD: What weaknesses of yours are you giving thanks for? And be honest. This will help you.

#TIMESTAMPS
01:27 – Should I wait until my website is 100% built before putting out content or put out content while I’m still building it?
03:08 – How would you recommend looking for a co-founder
05:04 – I have my own blog, but I don’t do podcast or videos because I have a Russian accent, and I worry about my trustworthiness is this something I should worry about?
08:16 – In the past what was your equivalent of that #OneAlmond moment from episode 46? What did you potentially miss out on?
10:59 – What’s behind the recent big surge in wine time for you? Missing it? Big opportunity in app?

#LINKS
One Almond Story and Shirt –
Baller Wine –
Stunwin’s Awesome Story –

Someone by the name of Tommy Mottola (look him up) once told me that he wouldn’t try and sell anything until the artist he was working with and the product they were creating (in this case music) were ready. And I agree with that to some extent because if you’re going to sell something you need to make sure that those ready to buy it can actually do so, but it also needs to make sense for the context involved. So let me explain.

If you’re able to achieve and execute on business objectives by building out content and pushing your product or business without the need of a fully built website, then by all means, go for it. By creating content you’re beginning the journey of how your story will unfold. The reception of this content will also allow you to test and learn and understand the best approach to creating future content once your business and website are ready for the masses. That process you simply don’t want to miss out on.

And so, a big issue I’ve been seeing is that people are too reluctant to sell against the communities and the impressions they’ve established on social. Too many people are caught up on only leveraging their website for banner ads but selling against social audiences is essentially the same thing. If you’re creating valuable content that’s living on social then you might as well take advantage of that opportunity. Don’t get caught up in only monetizing on the platform that you fully own when there’s a world of opportunity that exists through the channels you’re deciding to put your content on.

So in short – If the opportunity to create content presents itself and makes sense for the objectives of the business you’re trying to build, then my suggestion is to go ALL IN and get moving. NOW.


Gary Vaynerchuk is a New York Times and Wall Street Journal Best-Selling author, self-taught wine expert, and innovative entrepreneur. Find more at

Jab, Jab, Jab, Right Hook is now available on Amazon!

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31 Replies to “Business Tips: #AskGaryVee Episode 47: How I Screwed Up My Uber Investment”

  1. Damn Gary every single trip Uber does was your bank. I actually drove and to think you were my “boss” cause you just invested 25k to make 300mil. Fucking co-founder of Uber as a start up! Fuck! Damn it passed up on it twice! Fucking shit!!!!!! Fucking twice on the dumbass shit. You could have made the next TESLA and invested the fuck out that fucking 300mil. But I guess it makes you hungry Gary 🙂 and fuck I just forgot Uber does eats so you could have been BAAAAAANKING! and you can get your meals since you’re hungrier for it

  2. My huge step wasn't necessarily a weaknesses but in self awareness. Being diagnosed with Asperger's allowed me to really understand myself more and allow the communication channels within myself to open up.

  3. I started to listen to all of your podcast starting on episode 1 a few weeks ago. Thanks for your honesty. This is my first comment but it was challenging and thought about it all weekend. I don't love them but glad I recognize them this weekend… #QOTD l don't know how to follow through when someone is interested in working with me, i procrastinate, i don't cold call well, i get nervous when meeting a new prospect, i'm not a closer! Thanks for helping with these podcast.

  4. I have a weak attention span and lack of patience (may go together as one lol). Anyways… won't let that stop me from working hard at my goals.

  5. I love being there for my pieps, and trying to give them "the" best advice. Even tho it's frustrating at times, because they still have to take it, and act upon it. Like that fear of failure thing you talked about, it's a totally fresh way of thinking about that you inspired me into. But when I then pass it on, the person in question doesn't want to go there…
    Or like when my boy didn't dare approaching women… I told him about supply and demand, as someone who can't do it on gut feeling, I felt it was a descent approach. Later on I encouraged him to learn improv-theater as a way to learn n relax in those situations…
    And while I realize that the return on these things is almost nill, zilch, nada, and I lose my time trying to help, I do love the caring it takes to keep on trying and finding new strategies to maybe deal with ppl's problems as I keep on caring. And some of these strategies come from you, you have my deepest gratitude!

  6. my weakness is i think i am better than i AM! I allow others to influence my decisions and opinions to make myself better rather than do it myself which is a vital weakness.

  7. @garyvee I would've put $4,000 of the $25,000. That's 16% in value of the investment amount. That's would be valued at $12,000,000-$32,000,000 right now… We both lost :(.

  8. my weaknesses are that i like to sleep, a lot, like 12-14 hours a day, watch way too much movies, and tv shows, procastinate, i got scare about putting in the work and word hard for my dreams, have a bad temperament and basically i'm lazy

  9. I am currently struggling to have any self confidence after being made unemployed after working constantly for 27 years, working for myself terrifies me and I know it's stupid because in my last role I spent 10 years without a direct line manager, I set my own goals, set my own days and was successful but I am finding it so hard that I have very dark thoughts. I can only be grateful for the love of my family and the for waking up each day at present. I want to believe in myself.

  10. I am disorganized yet I maintain constant productivity. I am a jack of all trades (a restaurant manager, moonlighting as a graphic designer and social media manager for 2 companies and a personal brand) working in the city of specialization (NYC). Over the past 3 years I have learned so much about my weaknesses but it has taught me so much about my strengths. I had a romantic view of success and didn't spend anytime outside of my work talking about it. I realize now that taking an active part in showcasing my work and getting feedback is a key factor in making the changes necessary to effectively focus on what I want my brand to be.

    I am currently overseeing the marketing for my dad's women's shoe store. I have technically been in control of it for the past 10 years without seeing it. I have never had a budget. I now see my mistake and am hitting social hard. The most difficult part is convincing my 72 year old father that he needs to stop spending money on newspaper and TV ads and bring his store to the present by consistently providing me with content. He spends too much time playing solitaire and I need him to send me more content. This year we have seen great growth since the focused implementation of a social media presence. How do I convince him to get on SnapChat and give the store an extra voice?

  11. #QOTD: I'm often too pushy when I think I have the most efficient or effective path for myself and others to take. Lost some interesting people in my life that way. And people often think I'm an asshole when I defend my opinion against theirs, because I think differently than most people in my circle of "friends." And I'd say my biggest weakness is I'm often too outside the box on my thinking that those I'm close with can't connect with me… so I'm usually the one finding a way to connect with them on their level.

  12. Many Americans have an almost embarrassing infatuation with accents and tend to think highly of those that have one (whether they are competent or not)

    so for the most part, it will not hamper you
    (the low percent of people where it would matter depending on your niche would not be too noticeable

  13. I am proud of my weakness which is being a jack of all trades and master of none. It allowed me to grind and build a business to a point where now I completely understand that key positions filled with talented people will get me to the next level.

  14. Thinking of weaknesses was easy. Thinking of weaknesses that I'm thankful for was hard…

    I guess I'm thankful that I lack certain computer-based talents like coding and graphic design. I've tried to learn, but I really struggled with it and had to give up. The part that I'm thankful for is that we live in a world where it's so easy to hire someone to do those things that I can't do, which will let me focus on what I actually can do.

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