Gary V's Prediction Track
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A story about how Gary Vaynerchuk built trust over 20 years by consistently making correct predictions about emerging trends.
"Gary has been building trust for like 20 years. He's maniacal about content production. He was talking about trading cards before they had their huge run up. If you held off when Gary talked about trading cards, you watched basketball cards have a huge run up. Then Gary started talking about Pokemon, then NFTs. Pokemon went up through the roof, NFTs went up through the roof.
When Instagram got bought, he went on the news and said 'this is a steal' when everybody thought 'oh my god they paid a billion dollars for zero revenue.' He was right. He was talking about Musical.ly before it turned into TikTok - people made fun of him saying 'great, we're all gonna be 12-year-olds making dance videos in our bedrooms.' He was right.
He was right on social media, right on baseball cards, right on Pokemon, then right on NFTs. When he launched VeeFriends priced at 2.5 ETH, the floor price today is 8.1 ETH, so you're up almost 4x. There's been $93 million in sales of VeeFriends.
This track record of being early and right creates FOMO and people start to trust you. That's what's happening here - people are just like 'alright cool, I'm in.'"
Shaan Puri
Host of MFM
Shaan Puri is the Chairman and Co-Founder of The Milk Road. He previously worked at Twitch as a Senior Director of Product, Mobile Gaming, and Emerging Markets. He also attended Duke University.