Name: Two Greatest Minds of The Century (Gary Vaynerchuk) | The Tim Dillon Show #324
Uploaded: 2022-11-20T04:18:52.000Z
Description: Watch the stand-up comedy video 'Two Greatest Minds of The Century (Gary Vaynerchuk) | The Tim Dillon Show #324' from The Tim Dillon Show on Comedy Buff. Published 2022-11-20. Transcript available.

Watch the stand-up comedy video 'Two Greatest Minds of The Century (Gary Vaynerchuk) | The Tim Dillon Show #324' from The Tim Dillon Show on Comedy Buff. Published 2022-11-20. Transcript available.

Two Greatest Minds of The Century (Gary Vaynerchuk) | The Tim Dillon Show #324

Gary Vaynerchuk, thank you so much for being here.
Thank you for having your sense of humor.
I appreciate it.
I was just giving this water.
I imagine this would be the last thing I drink.
This might be the end, but that's okay.
I die in a room with toys.
Thank you for laughing and like,
why don't you get mad when people make fun of you?
Other people get very viciously angry,
but you kind of have fun with it.
Because you're this big character.
You say a lot of stuff.
I do.
Some of it's very funny.
Thank you.
And then, you know, some people,
because as a comedian, our job is to,
we make fun of ourselves.
Correct.
We make fun of everyone.
We make fun of other comedians.
Joe Rogan's one of my best friends.
We make fun of him.
And we do a dumb imitation of him
that doesn't sound like him.
It's a high-pitched voice.
What do you mean, man?
It's such a stupid, but he never gets mad.
And you don't seem to really get upset.
I think, first of all, to be very frank,
I'm flattered that I'm even known enough
that somebody would make jokes.
I think growing up in Jersey in the 80s and 90s
is probably a big part of it.
I mean, I don't even recall living a life
where the majority of your friends
are not making fun of you 24-7, 365,
in that East Coast 80s, 90s life.
I also love comedy.
Like, I genuinely view it as flattering, interesting.
You know, I sometimes even learn from it.
You're like, oh, it's interesting.
Like, people are, that's what they're picking up on
or, like, they're exaggerating that.
And especially to your point,
when you're a big personality
and you're exaggerated,
when somebody then takes the exaggerated part
of you already being exaggerated,
it tends to be really funny.
Plus, I've always thought that comedians
were incredibly smart.
Like, I just always grew up
very much believing that.
Like, Richard Pryor was a big factor.
I actually think my keynote career
is very wrestling, promo,
stand-up comic DNA to begin with.
So, I think there's a level of,
and honestly, to be even, like, really to the point,
anybody who can't laugh at themselves
is fucked.
Yeah.
Like, genuinely actually fucked.
It means they're deeply insecure
and, like, unhappy.
And luckily, the DNA draw did not give me that
and so I'm cool with it.
Well, no, and we, as comedians,
it's always cool when somebody doesn't
have you killed or,
I mean, you have a good amount of money
and you have connections.
That's right.
You know what I mean?
Like, doesn't have a car explode.
That's nice.
Nothing wrong, you know?
We love that.
Elon Musk buying Twitter.
Big mistake?
Probably not.
You know, it's one of the most important
platforms in the world
and, you know, very quickly,
I think he wants to turn it
into something viable.
The product, you know,
I've been on it for a long time.
I was there super early
and, I mean, from 2007 to today,
it hasn't really evolved a whole lot.
You know, obviously,
the guy's innovated his whole career
and so, you know,
my spidey senses say
that he'll find pay dirt.
I've always thought that Twitter
could be a major, you know,
challenger to Netflix
and Amazon Prime.
Like, the world goes there
when things are going on.
I've always thought that it was a platform
that could have a subscription business.
He showed that immediately.
He's probably figuring out
what the blue check thing means now,
but, like,
I've always thought of it
as an OTT competitor,
over the top,
like a streaming service.
Yeah.
I just always thought
there was much more
that could be done
with Twitter.
And so I don't think
he'll lose on this one.
Do you think there's an issue
with him being
such a big personality?
Is there a chance
he gets in his own way
a little bit?
because he seems to
like the spotlight.
He seems to crave the spotlight.
And when you're running
a company like that,
is that a potential negative?
I think if you're not
operationally capable
and you're just sizzle
and not steak,
it can be a negative.
Right.
The guys run
and built real companies.
Right.
So I think less likely.
Okay.
You know,
there's a lot of people
who are just sizzle
and they just,
you know,
let's bring it back
to comedy.
Yeah.
You and your buddies
know there's people
you've come up
the game with
that actually
potentially were funnier,
had more raw talent.
Right.
For sure.
But you knew
that they weren't willing
to put in the work,
whether they didn't write
or they didn't,
they didn't put in
the fucking work.
Yeah.
Right.
They didn't do enough mics.
They didn't write enough,
whatever.
You know,
you know this world
better than I do,
but I'm dangerous enough
to keep an eye from afar.
And they haven't won.
And I think that's
similar to
the way I think
about entrepreneurship.
Like,
if you can't actually operate,
if you don't put in the work,
if you're not that person,
the sizzle,
what you're referring to,
will fuck it up.
You'll get found out.
Everyone gets exposed
in the end.
Right.
Now,
I'm still a believer
in FTX.
I am.
And Sam Beckman-Fried,
I think,
is a genius.
I'm undeterred
by the new spade of news.
And I just want
a commitment from you
that you're still a believer
because so many people
are jumping shit now,
whereas I say to myself,
like,
isn't this time
to really show him
our support?
Like,
let him know that,
like,
what he's doing
is good.
Like,
he's giving Bill Clinton money
and,
like,
these are people
that need money,
right?
The Democrats.
So it's just a good,
I think it's a good thing
what he's done.
How do we help him?
That's my question.
Like,
how could we help him?
Do we get him to Dubai?
Do we get him on a jet?
What does this say
about the larger crypto thing?
Is it over?
No,
because,
I mean,
you know,
nobody I know
that actually is educated
in crypto
kept their money
in an exchange
because that's not
decentralized.
But what about
Gisele Bundchen?
Well,
that's not someone
who I would deem
as somebody
who's deep crypto,
right?
You know,
and I think,
I think some of these
step backwards
during this era
are going to be similar
to when pets.com
and all that stuff
happened in the internet
back in 2001.
Like,
people were just confused
and they get hyped
and overexcited
about dumb shit.
You know,
look,
fraud is hard
to see at times,
but,
you know,
centralized,
you know,
exchanges
are a dangerous game.
You're keeping your money
in an unregulated
industries platform
that Sam was able
to do the things
that one would fear
in that scenario.
And so,
I think crypto
is such a big technology,
but unfortunately,
greed
and short-term thinking
and all that
always clouds
new technologies.
It's always the same shit.
It seems to be
that he was able
to win over
so many
fans, right?
Money does that.
And he was called
a visionary.
Is it dangerous
when you have somebody,
when you have
a situation
where it's,
crypto in general
is not really
that well understood
by the general public.
Correct.
right?
That's right.
So,
when you have
a small amount
of people
that really understand
the ins and outs
of this,
is it just more
of a,
you know,
potential
for this type
of thing?
Well,
not really
because,
you know,
the reality is
it's the people
that know it
aren't necessarily
even excited
about the kind
of things
that are being built
that are screwing
things up.
Like the hardcore
technologists
actually just want
it to all be
decentralized.
That's why Bitcoin
has such enthusiasm
around it.
The NFT thing
is really misunderstood
because it's about
the smart contracts
and technology there
but it got all going
on the collectability,
right?
And so I don't think
it's about
a small group knowing
because it wasn't
Sam's knowledge
of blockchain
that created
this vulnerability.
It was the lack
of knowledge
of people leaving
their money in there
and like
anything else
when people are
anytime there's
something that's
too good to be true
when everyone's
trying to make
a fast buck
this is what happens
and you made
the right call
this is so similar
to the web
in 95,
6, 7, 8.
The difference was
people weren't
throwing around money
and investing
in things back then.
They did on the
public stocks
like the pets.com
and things of that nature
but that was a small group.
Today,
everybody,
all these youngsters
they all think
they're investors
and they're throwing
around money
like crazy.
So you're a long
term believer
in crypto.
You're unfazed
by any of the
obviously the dips
or
like if
Yeah,
I mean,
I'm personally
most bullish
on NFTs
because I think
that that's like
iPhone app,
website,
social media accounts
long term.
I was taught,
I went to Art Basel
last year
and all of the
everybody was talking
about NFTs
or it might have
been two years ago.
I forget.
It was probably last year.
It was out of control
last year.
It was last year.
It was last year.
You had like
Marshmallow
at your party?
No.
Okay.
But I wish I did.
There was some
party where
somebody who knew
you let me in
somewhere.
I appreciate that.
One of your employees
I think.
Oh shit,
actually I think
that we did have
did Vader have
Marshmallow?
I got COVID
and left early
and didn't get to see him.
You're right to me.
Yeah,
he was good.
He was great.
He is talented.
Everybody was talking
about NFTs.
Yes.
You have always been honest
to your credit
saying 90% of these things.
99.
99%
Thank you.
Are going away.
Going to zero.
These projects
are going to zero.
That's right.
Is it a little insane
when
do those two statements
are they able
to live together?
Of course.
That was
99% of this
is going away
and yet everybody
get excited about it
because it's awesome.
Yes.
Okay.
Because it's the
complete replica
of the internet.
You know,
most of the people
forget what
internet hysteria
96,
70 looked like.
Yeah,
I was 10.
You were 10.
What did it look like?
It looked like the following.
The internet
is going to change everything
and everything's
going to be on the internet
in 24 months
and meanwhile,
there wasn't like
a person I knew over 40
that even knew
how to get on the internet yet.
Right, right.
That's why I get scared
about the metaverse
and VR.
The excitement is right
but it always takes 15 years
and yes,
do I think 1%
is going to be special?
Of course I do
because Amazon
was sitting there
in 1999
for $4 a share
or whatever
and that was a really good idea.
If you put 1,000
into Amazon,
it's like a million today.
It worked out.
The problem was
people get too greedy
too fast
and so,
yeah,
it was pretty easy
for me to be like,
hey,
this NFT thing's pretty awesome,
comma,
99% of what's out right now
is going to zero.
Don't invest money
that you can't afford to lose.
The problem is
nobody heard the second part
because you had a buddy
who bought a fucking NFT
that had a snail
with like a cigar up its ass
and he's like,
I bought this for 80 bucks.
It's now worth 44,000
and like everyone's like,
what the fuck?
Isn't that a statement
of our economy?
Yes.
That a snail
with a cigar up his ass
That's right.
Would sell for like,
imagine telling,
getting a guy
out of the mines
and the coal mines
in Pennsylvania
and showing him.
Yes.
It does,
because I was in
subprime mortgages
and there are people
that have negative thoughts
about them.
Yes.
I think they were
beautiful instruments
but a lot of people
have negative,
they say negative things
about them,
whatever,
but I don't think you,
I think people
with that money
should be given it
sometimes.
So the reality is
I don't have a problem
with like these types
of speculative things
where people are like,
hey,
I'm taking a chance.
Let's see if this works.
But you were also
a deep believer
and this,
you may be proven right,
I don't know if we know,
in the art
behind some of this stuff.
No,
for me,
it's a couple things.
Yeah.
I do believe
that there will be
a Jackson Pollock
and an Andy Warhol
of this generation.
I believe when you and I
over beer
watch this clip
in 22 years
that whether it's
Xcopy or Beeple
or somebody,
Amber Victoria,
I don't know who,
but will there be
three to four people
that put out stuff
during this era
that in 25 years
people collect
like vigorously?
Yeah.
Yes,
I believe that to be tr