Business Tips: All Things Startup: 43North, Pitching, Investing & Scaling Your Company | #AskGaryVee Episode 197

Business Tips: All Things Startup: 43North, Pitching, Investing & Scaling Your Company | #AskGaryVee Episode 197

Awesome Tip: All Things Startup: 43North, Pitching, Investing & Scaling Your Company | #AskGaryVee Episode 197



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#QOTD: Tell me your startup story.

#TIMESTAMPS:
5:15 – How does a startup know when to add staff? What positions are most critical to line up first?
8:03 – What are 2 or 3 things that makes one pitch stand out from all the other ones?
11:25 – Ideas alone can only get you so far, but once you’ve gotten off the ground, what does an investor need to see to invest in a startup?
13:19 – For an early stage startup that just received 500K, 600K or 1 million dollars in capital, what are the critical things they should be looking to address?
16:19 – When assessing the scalability of a company, what are the things you look for?
19:43 – It seems like emerging startup markets are becoming increasingly viable. What are cities like Buffalo doing right?

#LINKS:

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Video submissions:
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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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27 Replies to “Business Tips: All Things Startup: 43North, Pitching, Investing & Scaling Your Company | #AskGaryVee Episode 197”

  1. Hey Gary.. you’re missing out on a $250 billion dollar a year business because apparently your company doesn’t like making money. Can’t wait till I get to throw it in your face.

  2. I started a recruitment platform for content creators….. the industry is collaborative by nature so to have a platform where Make up artist can find models who find photographers all looking for work to create content is much needed in this freelance economy!

  3. My startup is called Sell It Down. I am 16 year old and was a ebay seller for 4 years. They are changing many policies and now only care about the buyer not a seller. This lead me to be in debt. $7,000 to be exact. So I wanted to create a e-commerce platfrom where the buyer and the seller are both eqaully treated and that they feel like they can grow on the platform. Right now my startup is in developing mode with my co-founder.

  4. I work for three small businesses in the same shopping center. 1 is a laundromat and the other 2 are both start ups. 1 is a smokeshop that has been open 11months and the other start up is where I have been for 3 years and I cook Food For Dogs. At the moment, we are facing eviction and for the past year and a half, I've been worrying about the pending eviction because I sleep in the office but now the landlord confirmed that he is going to evict my Boss within the next couple of weeks. I am so heartbroken as an employee, I cannot do anything but just watch this start up fail and take what u learned and apply it to do good for the future. I tried everything I could to promote with a budget of zero. If anybody cares, the website is http://www.topdogdinners.com

  5. Thank you. This made me realize I really don't just need a fancy office, I can do my work from home and once I get too packed, I'll make a move into an office that isn't the best. I just want to keep growing. Thanks!

  6. I started MamaSuds® which is a family owned small business located in the state of Michigan. Our hand-crafted products help label-reading parents who want to create a safe, clean home for the people they love by using simple, non-toxic, and eco-friendly products. All of our products are made from ingredients that are local, natural, and/or organic ingredients.
    http://www.MamaSuds.com
    I've binge watched 100 #askgaryvee episodes…. LOVING IT. Thanks Gary!

  7. I've been in the US Army for the past seven years. I've seen and done a lot of horrible things. Now I'm looking at retiring from the Army and taking a different path. I have been passionate about music and the Catholic Church all my life. So I'm changing the conversation. I making culture relevant music using Catholic themes that aren't pie in the sky, but rather day to day real life. I believe positive music can come from the reality of our sufferings, and if people can identify with the songs and enjoy the music, it's a win for us all.

  8. Hey Gary,

    Im 22 and in attending university. Im in my last couple years and I want to go into the business of interior design (i.e. home decor, art, etc.) while im finishing up school. You said "startups are simple animals. they want expertise, mentorship, and money". That really resonants with me because ive been acting on my "entrepreneurial tendencies" for 2 months now and i feel patient enough to learn as much as i can from you (and the internet in general).

  9. #QOTD I started Ayuda Positiva in Venezuela, a crowdfunding platform for non-profits (when there were just a few in the whole market). Learned a lot, had to pivot and worked my ass around Venezuelan regulations to make it happen and feasible. After all (sadly) I had to shut it down because I didn't have a good team backing me up and I just got overwhelmed by being Chief Everything Officer. My most important lesson was the crucial role of a team in this business, you need to get a solid team – sometimes you think you can handle everything, don't be afraid to get more people involved in your project! Get out there and talk about your startup, find a great team and make things happen. As Gary says, Ideas are shit without execution.

    Now I'm into mentoring and planning my next move…

  10. QOTD: My friend and I are starting at the age of 12. Her mother owns a clothing shop on the downtown square, and she is helping us sell our homemade nail polish. It's still in the testing phase, but I'm hoping to sell a lot in this small community. We are thinking about selling accessories with the nail polish, and all kinds of other stuff.

  11. Gary, I know you prefer execution over ideas, but just wondering if you let people pitch you ideas still in their infancy, or do you prefer to partner with existing startups with demonstrated value?

  12. My start up is a Hip Hop/EDM/R&B record label called Fibonacci ENT. It started September 17th, 2014 and we're trying to do as much as possible with as little capital as possible. So, we are doing very basic ways to run a business. When more of my time is freed up to run the business full time, it'll definitely grow as streaming revenue in the music industry and music consumption is at an all time high

  13. We started making YouTube content for the golf industry. We then saw a massive gap in the market for an actual entertainment show in golf. The only content being created is serious & pretty dull. we put together a pitch to the biggest sports to channel in the uk & won the commission for x shows. We then set up a tv production company to make it. (So we don't have to pay the 200k % any production company would take. We are now out to get investment & sponsorship + have some already (still need a bit more) we have pending deals with world wide distribution across all major content hubs/ channels. As video content is gold for websites wanting unique cool content to drive traffic we will be making 2/3s more content outside of the show to the help & incentivise any commercial deals with do with investors & their own or other companies. On top we are going to have a unique & innovative social plan across all major platforms to engage and empower our viewers so they can shape the show

  14. My brother and I make organic craft lemonade called Backcountry Lemonade. We build popup lemonade stands in remote places like the Tetons or a hiking trail to spread the word. The coffee and lavender lemonades are a hit. Launching in NYC this summer!

  15. I am a Serial Entrepreneur in the Richmond, VA area. I own three companies. Richmond Bubble Soccer, Cycul and Enso Media Firm. I also have a separate brand Mr Preneur. I worked in the mental health field for 10 years but always knew I was born to be an entrepreneur. I now wake up everyday excited about what I do and am able to help others accomplish their goals. My biggest passion as to be public speaking and I wrote my first book last year "You Can't Afford Me – Building A Business While Working Full Time" which is available on Amazon

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