(Audience laughter) Then I built my dad's business for him, I left at 34, I had no equity in the business, I haven't saved a lot of money 'cause we poured all money back into the business, I grew my dad's business from a $3 to a $60 million business. I paid back my parents for giving to me. And then I did something really smart, I was building a liquor store that my dad owned into a winy commerce business. And I was using modern technologies. And along the way, I realized that social media was the second coming of what I saw with Google and blogging and email, and so I just understood the pattern recognition, so I was an early investor in Facebook and Twitter and Tumblr and obviously, as you can imagine, it changed the course of my career. But what's really fascinating to me is that the opportunities are way greater than they've ever been 'cause it's scale now.
It's just that all we're doing is playing lotto. I'm a bad gambler. Like for example, I never taught myself how to play poker. I don't like gambling that much. So when I gamble, I go to fucking like, when I go to a casino, I go to actually like own the casino at the end of the night http://casino-games.my/online-casino-no-deposit-bonus/. Like, I'm playing the most high risk shit. Like, it's only like roulette, one number, put like fucking $500 on it. Like none of it is basic, it's all like I'm trying to like create memories, right. Which is why I lose all my fucking money. (audience laughter) That's cool for casinos, that's not cool for life, and that's what people are fucking doing. People are talking about building fucking businesses and apps and things like that, and they're not looking at the math. 99% of these companies are gonna go away, and it's been good for nine years in the economy. There's money in the system. None of the businesses that are pre series B are making any money. What do you think happens when they can't raise their next round? You know how many companies are down rounding right now? All of them. (audience laughter) Like, we are not having that conversation. So meanwhile, the propaganda of that or crypto or other things got people pumped, respect, interested, I'm sure there'll be people that win. Meanwhile, there's all this practical money. And listen, because I grew up pretty ridiculous, you know, D and F student in like rural New Jersey, so like hunter boys that wanted to shoot you with their, you know, shotgun. Then I went to Mount Ida College in Newton, Mass, 94% minorities, like kids that wanted to shoot you with different kinds of guns. And so like literally, my whole group that I grew up with from, you know, first grade through college, 98% of my friends make under $100,000 a year. Then I got into the tech world and these towns, and all my next generation friends, you know, 60% of them have 8 and 9 and 10 figures. And I look, and I look every day, and I live in this fucking bizarro world. And money is not the variable of happiness. I got boys on two fucking softball teams, fucking working factory jobs, making 47k a year and fucking happy as shit. I got a friend who's got a buck 50, 150 million in the bank, fucking miserable, depression, three times a day at the doctor who's like, I'm just, and so I'm looking at this and I'm like okay. Let's take a step back. The Internet is at maturity, we're at scale. There's real dollars to be had if you build a practical business. And we're pumping people into a casino environment of like winning a lotto ticket. And then okay, fair. If you're building a lotto ticket, that's how you win $50 million companies, $100 million companies, and I respect that. My advice over here on the practical side is much more one, two, three million dollar a year business. But then I just look and I'm like man, how many people are out there right now who would love to make to make $212,000 a year and love it. And I'm just struggling with like, trying to figure out how to get this noise into the system because it's so real.
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