You're right, I am at my heart, I mean like, basically, I taught my brother how to be an entrepreneur by garage selling and selling on Ebay. My favorite hobby in the world, and I'm not pandering to you right now, you can go watch all the film for the last 10 years, my favorite hobby, like I can't fucking wait till March and April so I can start going garage selling on Saturday morning. I get a bigger high of finding some random little fucking toy for 50 cents at somebody's house and seeling it for six dollars on Ebay than I do closing an $11 million deal for Vayner Media. And by the way, it's not even close. And that's why I keep doing it. Back to like what you had to do, because when you can't breathe, what are you gonna suffocate?
And so like, I think it will continue to evolve, I think it's getting more and more interesting. What I'm really interested in is between your platform, Craigslist, Letgo, Facebook Marketplace, there's arb (arbitrage), right. You don't even have to be, if you wanna be efficient and actually make money, and not just do it for fun like I do, you don't need to leave your room and just buy shit in between the five platforms and find the arbitrage. It's crazy, it's crazy, it's an amazing time for retail. It's just an amazing time, you've got big box retailers going out of business, but we can like, if you ask me what is the one thing that everybody in this room has the best capability to build a $500,000 a year revenue business that gives them $200,000 take home, it is absolutely retail on the Internet and it's not even close. And if you really understand how Amazon, Shopify work with those platforms, I mean, the fact that you can basically create any T-shirt company, use Facebook ads to target any long-term fan, right. Like, make T-shirts that are like, I grew up in Chicago in the 90s, right. (audience laughter) Run it in front of him, he's like, "I grew up in Chicago in the 90s. "Fuck it, I'll buy it." If you understood how to run Facebook ads, Facebook's so underpriced right now, there's so much inefficiency. That's what I'm speaking to. Facebook ads are so underpriced that I can get in front of every one of you on the three emotional things that you give a shit about with a T-shirt and probably convert 1 out of every 30 times. The ads are so low, the margin on the T-shirts is so high, I can just run that at scale and make 200,000 a year no problem, yet people are trying to solve problems like build these billion dollar platforms, and they're all gonna lose and they're all gonna be going, like if he doesn't make it practical soon, when the economy decides to do its thing, he's going back to corporate America. He has to make it profitable. Like, it's just the way it is, so I don't know, I'm really starting to get passionate about like, let's get practical. Like, I know it's fun to create the next Waze. I know it's fun to create the next Instagram. It's just the math's against you. Meanwhile, all this money is sitting in the system and it just feels, and guess what? Back to like some of the themes, like nobody's stopping you. There's no boss, there's nobody who hires you, there's nobody who decides, the Internet doesn't give a fuck if you're black, white, girl, alien, the Internet's the Internet. That's why it's the best. We will never achieve what the Internet is gonna do. We will never get good enough, we're too fucking flawed. Unconscious bias is not gonna get fixed any time soon. The Internet doesn't give a fuck. So take advantage, instead of like dwelling or being pumped or whatever the fuck side on things you are, just take fucking advantage. Attention is like real estate, right. The Internet is so young, you can still buy beachfront property. We weren't around when Manhattan was fucking, do you understand a human being bought an acre in Manhattan for two dollars? You do understand that happened, right? It seems ridiculous, but it happened. Let me just remind you who the biggest spender of Google AdWords was in the first five or six years. Amazon. And that's why they are who they are.
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