The thing about innovation is that it takes a long time before it actually starts generating profit. The reason why most companies are not willing to invest in innovation is that they can’t endure the financial hit for the long term benefits they would have had from the investments. Gary’s lack of interest in generating year=over-year profits is what separates his business from many others in that he is willing to generate fewer profits one year to help the business in the long run.
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Gary Vaynerchuk is a serial entrepreneur and the Chairman of VaynerX, a modern day communications parent company, as well as the CEO and Co-Founder of VaynerMedia, a full-service digital agency servicing Fortune 500 clients across the company’s 4 locations.
Gary is a venture capitalist, 5-time New York Times bestselling author, and an early investor in companies such as Twitter, Tumblr, Venmo and Uber. He is currently the subject of DailyVee, an online documentary series highlighting what it’s like to be a CEO and public figure in today’s digital world. He is also the host of #AskGaryVee, a business and advice Q&A show online.
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