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    Finding The Special Sauce | Token CEO Podcast with Erika Nardini

    enNovember 28, 2020

    Podcast Summary

    • Gary V's desire for meaningful ownership in team venturesGary V aims for significant control and involvement in potential business ventures like team ownership, emphasizing the importance of timing, serendipity, and control for long-term financial success.

      Gary Vaynerchuk, also known as Gary V, values meaningful ownership and control in his potential business ventures, such as buying a sports team. He shared his intentions to buy the New York Jets or a woman's hockey team, expressing his desire for significant ownership and involvement, rather than a small stake. Gary emphasized the importance of timing and serendipity in achieving his goals, but he also acknowledged that not everything in life can be controlled. He has a long-term vision for financial success and believes that the NFL's restrictions on team ownership require substantial wealth. When considering team ownership, Gary advised looking for opportunities in various women's sports and focusing on control and meaningful ownership.

    • Leadership is key for women's hockey growthA visionary leader is needed to secure broadcast deals, sponsorships, marketing strategies, merchandising, and media production to elevate women's hockey and bring it to the forefront of the sports world.

      To elevate women's hockey and make it a successful and prominent league, it requires more than just a team owner. It necessitates a visionary leader who can put the entire league on their shoulders and bring it to the forefront of the sports world. This individual needs to have the ability to secure broadcast deals, sponsorships, marketing strategies, merchandising, and media production. The current state of women's hockey resembles that of a small, nascent league with little infrastructure and resources. Comparing it to Barstool 2016, there is a dedicated fanbase, but the league lacks the necessary components to reach its full potential. To catalyze growth, the women's league might need to adopt innovative models, such as traveling teams or a WWE-style structure, to generate more excitement and engagement. Overall, the future of women's hockey holds significant potential, and the right leadership could lead to substantial progress and legacy-building opportunities.

    • Leveraging Bubble Environment, OTT Platforms, and Sponsorships for Women's HockeyWomen's hockey can learn from WWE and MMA's success in creating stars and attracting audiences, but should avoid replicating the male model and instead focus on unique aspects, like influencer marketing and personal stories, to get the world to care about the sport.

      The current situation presents a significant opportunity for women's hockey to gain popularity and attract wider audiences, particularly through the use of a bubble environment, pay-per-view OTT platforms, and sponsorships. The success of WWE and MMA in creating stars and capturing public interest can serve as a model for women's hockey. However, it's crucial to avoid replicating the male model for women's sports and instead embrace unique aspects that women bring to the table. This might involve shifting towards influencer marketing and focusing on the personal stories and achievements of players off the ice. Ultimately, the key is to get America, and the world, to care about women's hockey by creating compelling narratives and characters.

    • Authenticity and self-expression in women's sports marketingSuccessful marketing in women's sports requires embracing the full spectrum of a woman's identity and avoiding narrow stereotypes, leading to deeper connections with audiences and a more empowering culture.

      Authenticity and embracing the full spectrum of a woman's identity are crucial for successful marketing and representation in sports. The current trend of conformity and playing it safe in marketing, particularly in women's sports, can lead to a lack of individuality and a missed opportunity to connect with audiences on a deeper level. The success of women's leagues, such as the WNBA, hinges on finding a unique format that allows women to express themselves authentically and fully, without being pigeonholed into narrow stereotypes. Embracing the feminine and the fierce, the beautiful and the badass, is essential for creating a culture that empowers and celebrates women in sports.

    • Investing in Women's Football Yields Big ReturnsInvesting in women's football could lead to significant future gains, with potential for growth similar to past popular sports like baseball.

      The speaker believes that investing in women's sports leagues, specifically football, could yield significant returns in the future. He compares the current state of women's sports to the growth of baseball and other popular sports in the past. The speaker expresses his passion for football and his long-term goal of owning the New York Jets. He is optimistic about the future growth of various sports, including football, NBA, soccer, MMA, and esports. Despite the current dominance of American football, he sees it as an opportunity rather than a worry. The speaker's energy and enthusiasm for sports and investing suggest that he is not concerned about his age and is looking forward to the future.

    • New Mets ownership and its potential impactNew ownership in baseball, especially the Mets under Steven Cohen, can bring excitement and financial resources to improve team performance. LinkedIn is a valuable platform for building a professional network and reaching a business-focused audience.

      New ownership in sports teams, especially in baseball, can bring excitement and invigorating energy to the fan base. Gary Vaynerchuk expressed his enthusiasm about the new Mets ownership by Steven Cohen, noting that his wealth could potentially make a significant impact on the team's performance. He contrasted this with the perceived "fakeness" of baseball compared to other sports, acknowledging the importance of building a strong team through the farm system and young players, but emphasizing the role of financial resources in the sport without a salary cap. Cohen's acquisition of the Mets was seen as culturally invigorating, and Gary Vaynerchuk suggested that he could be a next-gen owner in baseball, joining the ranks of successful owners like Mark Cuban and Dave Portnoy. In terms of building an audience, Gary Vaynerchuk emphasized the value of LinkedIn as a platform, stating that it's a great place to grab an audience due to its professional nature and the fact that people are often in a business mindset when using the platform. He did not explicitly answer the question about bloggers or individuals should be on LinkedIn, but the implication was that it could be a valuable platform for building a professional network and reaching a business-focused audience.

    • Exploring LinkedIn's Organic Reach and Emerging TrendsLinkedIn offers vast organic reach for individuals and businesses, potentially attracting job offers and gaining significant attention. Stay attentive to emerging trends and platforms for notoriety and success.

      LinkedIn offers immense organic reach and opportunities for individuals and businesses to produce content and gain significant attention, making it a valuable platform for B2B marketing. The speaker's expertise lies in understanding social media, attention, and the difference between organic and paid reach. LinkedIn's organic reach is impressive, enabling individuals to reach thousands of people with a single post and potentially attract job offers from well-known companies. The speaker is also intrigued by the potential of trading cards as a growing market, having noticed early trends and the interest of younger generations. Overall, the speaker emphasizes the importance of being attentive to emerging trends and platforms to build notoriety and success.

    • Sports cards become a new investment trend for the wealthyWealthy individuals, including celebrities, are turning to sports cards as a cooler and more accessible investment, driven by casualization and urbanization.

      The gambling community has discovered a new way to amass wealth through sports cards. This trend has even reached younger generations, making it a generational phenomenon. Wealthy individuals, particularly those in their 40s and 50s, are increasingly drawn to sports cards as a cooler and more accessible alternative to traditional high-end investments like rare art. This shift is driven by the casualization and hip hop urbanization of high net worth individuals. Celebrities and influencers, such as Logan Paul and Logic, have already jumped on this trend, and it's expected to continue. Gary Vaynerchuk, an early predictor of this trend, has received accolades for his insights. This trend not only provides a new investment opportunity but also serves as a status symbol for those involved.

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