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— I'd like to introduce our first speaker of the day. Mr. Gary Vaynerchuk builds businesses. Fresh out of college he took a family wine business and grew it from $3 million to $60 million in just five years. Now he runs WarnerMedia, one of the world's hottest social media first digital agencies. Along the way, Gary became a prolific angel investor and venture capitalist investing in companies including Facebook, Twitter, Tumblr, Uber, Birch Box before cofounding Vainer/RSE, a ×25 million investment fund. He's got a track record of success. Gary was named to both Crane and Fortune magazine's 40 under 40 list in the past year. He has profiled in New York Times, Fortune and Inc. magazines and is frequently sought to share his expertise on CNN, Bloomberg TV, CNBC and many more. He's here today to provide a unique perspective on the changing perception of value. I have my own kinda interaction with Mr. Vaynerchuk. I'm watching 60 Minutes the other day, and he comes on 60 Minutes and I go, “He's our speaker.” That was so cool. Ladies and gentlemen, please help us welcome Mr. Gary Vaynerchuk. (audience applause) (“Can't Stop The Feeling” by Justin Timberlake) — [Gary] First and foremost, I want to thank my mom for writing that intro. (audience laughter) That was nice. I'm really excited to be here. I'm going to give you context on how I got here and then actually I'm going to pontificate on what I believe, but mostly I'd like to leave as much time as possible for Q&A because I think theory is lovely, but the fact of the matter is I'm very obsessed with the practitioner ship. And the goal that I have here which is I think I'll be talking about a lot of stuff that people are either blind to or don't want to believe or aren't doing and the reality is I'll deploy a lot of the energy that I was naturally gifted with, and we'll all feel good and debate, and then it will be next Thursday, and you'll be back to your norm and a lot of this won't happen. And so, my big goal very honestly here this morning is to get one or two people to understand how phenomenal the opportunity for our businesses is in the new world and try to shift what I know is the collective appetite towards the landscape that I market in and build businesses in which is a lot of people look at these things as a negative. A lot of people look at these things as something they didn't grow up with, and they go completely in the defense instead of understanding the offense of all of this. So, let me start by saying this, I love social media because of two things. Number one, it's just the word that represents the current state of the internet. I think when people hear the term “social media” it's very easy to kind of think it's this nice to have up-and-coming little thing. When you understand that this is now the primary device of every human being in our society and over 50% of every minute that is spent on this device is spent on one of those seven websites, you know, Facebook, Twitter,...
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