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The future of social media, NFTs, entrepreneurship, Indian parents and more. This is a distillation of @garyvee 's episode on TRS ( @BeerBicepsGuy ) 
R: Tell us about your take on NFTs 
GV: There have only been two other times in my life where I've felt as passionately as I do about NFTs. First was the Internet
itself, and second, was when we started seeing sites like MySpace, Twitter and Facebook pop up 
GV: There have only been two other times in my life where I've felt as passionately as I do about NFTs. First was the Internet
itself, and second, was when we started seeing sites like MySpace, Twitter and Facebook pop up
An NFT isn't just a digital asset. The token has an underlying contract capability underneath it. 
Contracts come in many forms - selling homes, restaurant reservations, meet & greets etc. In the context of a podcast, let's assume that @beerbicepsguy makes 1000 tokens for it.
Contracts come in many forms - selling homes, restaurant reservations, meet & greets etc. In the context of a podcast, let's assume that @beerbicepsguy makes 1000 tokens for it.
900 tokens: Podcast art, mugs, t-shirts + owning the digital asset
90 tokens: Bi-yearly live podcast events with special guests 
9 tokens: A 10-person dinner including the host!
1 token: A dinner with the host + becoming a guest on the podcast.
NFTs are social currency
Over the years, people view these tokens as the "OGs" or as collectables. The artist ie the intellectual property holder & buyer both benefit. After some time, if the buyer decides to sell the NFT, the artist will get 10% of the selling price!
Over the years, people view these tokens as the "OGs" or as collectables. The artist ie the intellectual property holder & buyer both benefit. After some time, if the buyer decides to sell the NFT, the artist will get 10% of the selling price!
NFTs are going to be the most scaled, most global, most universal language of communication through non-words. They will become as prevalent as social media. Maybe more!
R: If you ever want to make a highly profitable business, create status-driven products.
GV: Very true!
They will become as prevalent as social media. Maybe more!R: If you ever want to make a highly profitable business, create status-driven products.
GV: Very true!
R: Does the future of social media lie in niche networks? 
GV: Every social media network built for a niche eventually becomes broader.
Discord was for gamers
Instagram was for photographers
Facebook was for college kids
Platforms always evolve.
GV: Every social media network built for a niche eventually becomes broader.
Discord was for gamers
Instagram was for photographers
Facebook was for college kids
Platforms always evolve.
The next big platform will figure out where the vulnerability lies. Humans by nature are incredibly insecure. When social networks start out, they tend to be very nice. As they get older, it gets more cynical and negative. The environment becomes more difficult. 
Over the years social networks have proved to be a lot like television networks. They ebb and flow 
Some will have two years, some will have 15, some will last for 6 months and some for 6 years. That's just how it is.
Some will have two years, some will have 15, some will last for 6 months and some for 6 years. That's just how it is.
R: What's your advice for entrepreneurs & Indian content creators? How is the world looking at India from the outside? 
GV: In the business community, people understand the sheer size of India's market. The pandemic has enabled globalization and since 
has a lot of people and is continuing to grow, it's a very exciting place to do business. Deep respect for the natural talent there.
has a lot of people and is continuing to grow, it's a very exciting place to do business. Deep respect for the natural talent there.
The country has represented itself on the global stage very well. There's an incredible amount of individuals who have innovated and created an impact. I would argue that it's very hard to find any great company in the world that doesn't have any Indians in senior positions. 
I get to listen to a lot of Indian youth through emails and DMs. I've noticed a level of great ambition that feels very right to me. As a kid in New Jersey, so many of my core friends selling baseball cards and being hustlers willing to work were my Indian immigrant friends.
The other thing that has been prevalent from my interactions with Indian youngsters is an incredible lack of patience
. This is grounded in 2 things:
Ambition: I find this beautiful. It's great. As long as you can balance it.
An incredible desire to prove parents wrong
. This is grounded in 2 things: Ambition: I find this beautiful. It's great. As long as you can balance it. An incredible desire to prove parents wrong
Here's my advice:
Your parents love you. They do. No matter what's going on, deep down I promise that they do love you very much. You're a piece of them
Your parents love you. They do. No matter what's going on, deep down I promise that they do love you very much. You're a piece of them
Most parents around the world, although a higher % in India, care about the status of their child's job and who they marry - and that's terrible. It is bad and you kids are right about that 
What you do for a living and who you marry is yours. If that disappoints your parents because they can't brag about it to their friends, that's their problem. You're right on that one.
Parents love their kids so much that most of their decisions are based on fear. 
Many parents don't care whether you're a doctor or a lawyer or an engineer. They care about whether you'll always be safe and get paid. They worry about you!
Many parents don't care whether you're a doctor or a lawyer or an engineer. They care about whether you'll always be safe and get paid. They worry about you!
Unlike you, they haven't grown up in the Internet age. They don't realise that it's good for you. According to them, you're just being young & wild. Similar to the way they were young & wild. They know the decisions that they made that were bad & don't want you to repeat them. 
Understanding this will help you be patient. It'll allow you to have a better relationship with your parents.
Do not try to prove your success to your parents or to your sister. Do it because it makes you happy. You have to fall in love with your process, not with the trophies that come from your process. 
R: When you are on your deathbed, what would a good life be to look back at? I know that you're keen on buying the Jets! 
GV: Fuck the Jets. I want to TRY to buy the jets. That excites me SO much. The process. I don't need the jets on my deathbed.
GV: Fuck the Jets. I want to TRY to buy the jets. That excites me SO much. The process. I don't need the jets on my deathbed.
I need to think about two things:
When I die, how many people are going to show up at my funeral? How many lives have I touched so much that they, even though they're busy, go out of their way to come to my funeral?
I'll be thinking about the 10-15 people closest to me,
When I die, how many people are going to show up at my funeral? How many lives have I touched so much that they, even though they're busy, go out of their way to come to my funeral? I'll be thinking about the 10-15 people closest to me,
and how grateful I am to have lived life with them. And about my great obsession:
To have given more than I took.
Did I give more than I took? I think that the answer is unequivocally yes and I have another 45+ years to keep giving even more and that's my plan.
Fin.
To have given more than I took.
Did I give more than I took? I think that the answer is unequivocally yes and I have another 45+ years to keep giving even more and that's my plan.
Fin.
If you know me personally, you know how much I respect @garyvee. I've been following him for almost a year now and have learned more from his one book than I did in all of high school.
It was great seeing him on an Indian podcast, thank you @BeerBicepsGuy for making it happen.
It was great seeing him on an Indian podcast, thank you @BeerBicepsGuy for making it happen.
