Business Tips: Building a Real Business vs. Raising Money

Business Tips: Building a Real Business vs. Raising Money

Awesome Tip: Building a Real Business vs. Raising Money




Gary Vaynerchuk builds businesses. Fresh out of college he took his family wine business and grew it from a $3M to a $60M business in just five years. Now he runs VaynerMedia, one of the world’s hottest digital agencies. Along the way he became a prolific angel investor and venture capitalist, investing in companies like Facebook, Twitter, Tumblr, Uber, and Birchbox before eventually co-founding VaynerRSE, a $25M angel fund.

The #AskGaryVee Show is Gary’s way of providing as much value value as possible by taking your questions about social media, entrepreneurship, startups, and family businesses and giving you his answers based on a lifetime of building successful, multi-million dollar companies.

Gary is also a prolific public speaker, delivering keynotes at events like Le Web, and SXSW, which you can watch right here on this channel.

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19 Replies to “Business Tips: Building a Real Business vs. Raising Money”

  1. I started a company with my own money (ya, I know, bad idea. But investors were not interested, banks not interested, relatives not interested.) and with a $40k loan from my 401k I built a one of a kind business in 2000. By 2001 we were making $1M. Then the investors wanted in. And as of 2002, I had no competition.

    Now I'm starting another company. It will make lots of money. But my focus is on building, not the money. Then selling it and starting another.

  2. Gary, do you know what the outcome of each of these start ups today?
    I looked up Red Rover but unsure if it's the same in front this video?
    Just curious how the actual business did against the others who raised money.

  3. I think your father is right. Try to start at the financial level you can handle, and if you don't owe anyone any money you have complete control on where it can go, plus you can take full responsibility for it – success or failure.

  4. This is spot on and even more impressive that you said it years ago . As you have been saying, there's gonna be a lot of shit hitting the fan soon with these companies that only raise money.

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