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tv   Press Here  NBC  April 9, 2023 9:00am-9:31am PDT

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this weweek, nick meta r ru the b best placece t to worork whwhole coununtry. aa car b blogger turns a hobby o a bibillion-dollllar businenes thinking o of prorofits one coo at a timeme. ththat's this s week on "p"pres hehere." ♪♪ ♪
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good d morning, everyonene. i'm scott mcgrew. bloooomberg rececently namamed first gueuest to a a l list of peoplele chahanging thee glolob bubusiness landscape.e. ththat is highgh praise, i inde. randy isn't't i in cryptpto orr chaiain or softftware. fundamentatally, he s sells use carsrs. but g god, thehey're reaeally s coolol usedd cars.. he selells a a lot off them.. are you ready foror this?? $1.3.3 bilillion worth last yey. cars likee thihis 1960 auaustin hehealey. rarandy joins me from sanan francicisco and h his compananyg a traileler. not onlnly d did thehey s say y changiging a globabal businenes someonone on the i internet s su are the internetet's coolest c guy. are e you the inteternet's cool car guy? >> i d don't knoww iff bloooomb gegets to makake thahat c claim whoo decide t twhas is cool. but wewe moved a a lotot o of c year andnd put thehem intoo thes of peoeople excxcited f for th.
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> that't's justt a statagger nunumber. i'i'm not a c car guy, butut i t i w would havee heard off a a c ththat movoved a b billion doll worthh of cars. bring a a traililer starteded a blogog, righght? >> t that's right.t. everybodody has h heard of ebay transactcting on liline. we jusust invented a way to tranansact v via auctionon onli. it's's reaeally rereliable a an trustworththy. therere w were s special interes thatat people were keeeeping t offlinine. we broroke throughgh w with a trustwtworthy mararket polilice. anand everyththing i is listing anythihing from a a $10,000 dat to a millilion dollarr ferrarir theyey're selling well.. >> evenn if youou're not buying car,r, it suree is funun just tf araround and pretenend. >> yeah, to some d degree itt
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chchanged the wayay people dige automomotive contents,, as well. each l listing iss almost l lik ownn little a article andnd peo can discususs it. ththat is somee off the trustwtworthinesss built inn b on the expertrtise. onon t the oldlden days,, yououe somemething onn the internenet maybe twowo senentences andnd oe ofof them wasas trueue. now we e have elevateted it a ae thee preresentationsns have a h qualality. andd the invenentory has really raiseded the bar, soo people ut for e entertainmement and a alsa purcrchasing andnd selelling destinatation. >> so m my onlyy real undererstg of interestiting cars,, you see them onn t televisionn every onn a whwhile, s sort of thohose r cacarpet auctioions. you haveve reallyy set that busineness on its hehead. we're doioing thiss onliline. >> the bestt t thing to do in a auction environment is get as
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many bidders as you can. no matter how b big of a tent y get in at the fair grounds, the internet is alwlways g going t better. >> there a are all kindsds off inteteresting thinings, frorom momotorcycless to momodel-ts to ferraris a and what not. is therere ann averagege thing somebobody is lookingng for, the thining thahat tenends to s sel fastestt or you seeee the mostt ininto the seaearch box?x? >> well,, p people havee always thoughtt maybe auctionss like ts or carar people l like somome o weweird andnd esosoteric model thinings that w would be a a nie to own. what has beeeen intnteresting i thatat wee kind of s started br traiailer likee that. bubut then it h has evolveved. pepeople s said wait, i can tel muscle c car from the 60s. whwhat aboutut my m mercedes or porsche? it's becomome a verery vibrant markrketplace f for peoplee buy
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. andd with allll the fririction e supplyly chaiain, cars frfrom z five years old havave hadad an interestining ride o over the l couple of yearars. people h have t turned too many markets,s, but in partiticular , to get a 2-yeyear-old porsrsche. so it's's a a l little moree ma ststream t than s some peoeople ththink. it's notot j just momodel-ts o , collectitible hobbyby cars.. it's's special suvs o or spepec sports cars t that you m may wao drivive every singlee day. so t that can be onn the expens side,, or it can b be a reallll miles mazda miyata that cososts $17,7,000. >> speakaking off the rich guyu pebble b beach ththing, i knono the luxuryy watch markrket, the
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was a huguge demandd for a whwh and y you knonow whatt it was? itit was crypto.. aa l lot o of peoplple rununnin moneyy they never had withh crcrypto, andnd thehen the l lu watchh market h has h had a tou timeme o of itt latetely. have youou seen anyny effecect t in the e exotic h high ends?s? > i saw an intererview about lambororghini marketet, bececauy thouought that t was a baromome crypypto. thee flashiesest type of produ. we d do sell t those and we h h those,e, and thosese m may haved back inn the lasast six monthth someme of the outltliars type o inventory.y. but thehe m main sector of brin traiailer, t the aveverage cost gonene upup, now att about $55s aboutt the averagege vehehicle bring a a trailer.r. it wasas $4$48,000 lastt yeara. so it's not likee oh, no, the
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valuee of these a are g going d. the valueue is onn a ninice, st ririse. people talalk about crypto, and maybee there wasas somome c cry buyersrs on bringng a trailer, that's n not the majorityty. so the majoritity is a a littlee stablele than thatat. >> i find myselelf s surfing ar the sitite looooking f for old . when i i was in college, i i h 1974 bmw. i loved thatt car. my girlflfriend hadad a a bmw 2 also a fabulouss car. whwhat s sort of cars do yoyou forr when youou are justt looki aroundnd your ownwn sisite? > ohoh, yeah, i i lovee t t ththat you mentioioned. i bdrovove a bmw 2 2002 to col. butt we have d different c cates all overer the site e as you ma have m mentioned..
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trucksks are an a area t that a, vip tajaj suvs,, thehe old wagoneers, if you remember those. > letet mee ask a a harard q but iff you'ree a a car guyuy m itit's notot a hard questionon. whwhat is the mosost affffordab dependndable car out there thats stilll intereresting? you knowow, the '65 musustang c to mind.. someththing in my p people saya there'e's a specicial car.r. but thenn agaiain, it's not w youu want too g get the spapark changed o out it's going t to c $1,0,000. >> t that's a good choioice. where m my mind goes, w when ia kid,d, c cars from the '60s0s we classicscs. nowawadays, c cars from the '8'd '90s0s. >> oh,h, no schamam >> youou wouldn'n't thihink tho
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old. ththose are v very rarare nonow. but thinknk abobout it, cars fr that era, theyy starteded too h popow er wiwindows, thihings t them usablele. theyey hadad fuel ininjection, nonow we're seeing g a run-upup those e era of carsrs, bececaus spececial becauause not that ma pepeople driveve cars frorom th any momore. theyey used toto all the t time. youu won't seeee it onn every st corner. but youou can jumpp i into it, thee cararburetor t to get it t. soso the specicial edition lexu cacars and t that sort off era because t they r really came in their ownwn in that e era. probably n not t the a answer y thoughght i was going t to givt the '80s and '9'90s eras are e
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considerered very clclassic now. we s see a ton of i interest in thesese cacars. >> jusust v very soberiring. >> kindd of changes t the metrif whwhat is a clclassic. >> and my last queststion is,, wheree do you g go from here? do youou sell more c cars onlin? whatat iss thehe plalan foror f in the fufuture? >> gooood quesestion. yeyeah, we t think about that a the timeme. we arere making t the sitite eao ususe. we startrted with upp t to 10 auauctions a week.. we a are now up to 70000 a week. there is enough h people w wait to use the sitite that we cacan to 1,000 or 150500 very quiuick evevery week.. so we aree excited aboutut the techchnology andnd thoughtfuful tgeography.y. we don't't seven manany vehicle outside t the u.u.s., soo we're exexcited to d do morore in cand
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europepe this yeaear andnd helpe move t their carss around t to ththat. andd thehen how peoplple buy anl the paperworkrk sidide is a has. soso w we're w working always t ouour technolology, to bebe ablo that.. soso we t think peoeople will u platformrms now. > i'm excitited to s see whe goes. i enjoyeded o our cononversatiot cars. randndy with bring a trailer, thank you for being with us. "press: here" will be right back.
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♪ ♪
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welcome back to "press: here." glass door rates the best places to work in america, and three of the top five companies are in the san francisco bay area. gamesite box and nvidia. the other two in the top five have offices here. it shows how close knit silicon valley is that we have video of the ceos of them doing karaoke together. nick meta joins us now. good morning. the first question i have, was this a surprise? it's one thing to be rated in the top ten. but to be number one is pretty cool. >> yeah, i'll be honest, scott, we care a lot about our culture and we take a lot of pride in it. but we also know there's so many amazing companies out there. i was on vacation over the holidays, and my chief officer
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texted me and said i know we want to take off during vacation, but you would probably want to know this, we got the number one award on glass door. and in cancun, mexico, you would have seen a 45-year-old man jumping for joy. i couldn't have been more excited and surprised, to be honest. like to be in this list at all is incredible. and to be number one is mind glowing. >> so next obvious question is what is the secret, right? let me say oh, you listen to your employees and you're an open and honest ceo. and those seem obvious. but i guess you're going to tell me some of that any way, right? >> i think those are obvious. i think a couple of things i was reflecting on. we describe our company's purpose and our mission as to be living proof you can win in business while being human first. when we say human first, we
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treat every stake holder, whether it's an employee or somebody leaving your company, remember, they're all humans first. we sent that mission statement back in 2017. it's funny, during that time, we set this big goal, which is one day we'll be the most admired place to work in the world. we're like, there is no way that will ever happen. people are here because we believe in this human first concept. >> i was going to save this question for last. but you were surprised and excited to be number one. now it's like a michelin star or three stars, really. you've got to work towards being rated next year, too. you could be number two next year. >> don't pop my bubble, scott! come on! it's like the super bowl, once you get it, you can't lose it. but we obviously want to keep
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living up to it. one award is amazing. but the way we got here is truly caring about the underlying concept, not worried about an award. >> you'll never win this award by buying a fooz ball table and putting it in the breakroom. but those creature comforts are important. the unlimited paid time off, or meals, or heck, sometimes it's just, you know, a covered parking lot and the coffee machine working. those things are important. are you doing pretty much the silicon valley standards on that? >> i'm a sucker for a good coffee machine. we all know that we struggle to take enough vacation, that's the challenge. so one thing we do is what we
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call a recharge day. we pick 12 days a year that are not holidays, just random days, where everyone is off. and if you're the only one off, it's hard to go on vacation, but if everyone is off, it's much easier. a second example is we really focus on the experience of alumni. it's so hard when people leave a country and they treat them like they're dead. >> they caught off the email the second they're gone. it's insane. >> we celebrate people on the way out. i always celebrate people as human beings, forgetting about whether they're at game site or not. and the third thing that shows up intangibly everywhere is supporting people through life events. we all remember those times when we had a death in the family or
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something exciting or sad, and when your colleagues rally around you, that's something you always remember. >> let me ask you one fun question. it's a fun place to work if you haven't had to lay off fellow employees, right? how is game site managing through these economically kind of strange or uncertain times? >> yeah, what's interesting, this is a challenge every company is dealing with. we have so much empathy for the job market and technology. if you are watching and displaced in a company, our hearts go out to you. we're trying to help our customers find new jobs, as well. we tried to manage things as carefully as we can. for example, slowing down hiring early, and slowing down expenses to take care of the teammates we have. none of us control the future. but a big part for us is taking care of the people. >> nick, it's a pleasure to speak with you again.
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nick has been a guest before. congratulations again on your award. that's nick metata, ceo of game site. "press: hehere" will b be right back.
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welcome back to "press: here." when my joiningest was in kindergarten, there was a tradition of bringing in treats for the class on your birthday. we brought in caramel apples,
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just like my mom made for my birthdays. the diversity in california made birthdays extra delicious. one family brought in greek food, another russian honey cake. and then the school put a stop to it. only manufactured, prewrapped food would be allowed, nothing homemade, no more honey cake. i was thinking about that when i saw a book called "homemade for sale, how to set up and market a food business from your home kitchen." is that even allowed any more in these litigious days? the author joins me from her farm in wisconsin. she teaches a best-selling class on home cooking. lisa, i'm talking to you from california. you're in wisconsin. i understand the laws are going to be different, but it's litigious everywhere. generally speaking, is it okay to mix something up in your kitchen and sell it? >> you bet, scott.
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there has never been a better time to start a business from your home kitchen. so these are state specific laws, so wherever you may be listening in from, check out your own state's law. but the laws have been expanding to include more products. sell in more ways. and it's an easy on-ramp for anyone who has had a dream of starting a food business. all the logistics of commercial kitchens and regulations you don't have that. >> in wisconsin, you went to the supreme court of that state to make sure that home bake good selling would be constitutional. >> yes, wisconsin is its own story, where we could not get a law passed and needed to sue for the right to sell cookies. but lots of states like california, for example, are
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really leading the country when it comes to these laws. for most states, things that don't require refrigeration, manage you could take to your farmer's market today afternoon, leave it out and it's fine. so most cookies, breads, canned items like pickles, candies, dried items, that sort of thing, a whole lot of things you can get going in your kitchen. but states like california that are embracing the food freedom initiative are allowing more things that would qualify as hazardous. a little more regulation, but not a big deal. again, if there ever was a frugal lining to the pandemic, it would be the growth of cottage food that spurred the second edition of our homemade for sale book, too. thousands across the country, some because they were at
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lockdown at home or they lost jobs, it was just the time to follow that dream, instead of making these cookies and giving them away, could be just a business. >> there is, generally speaking, a law or a difference between selling a food item and selling food, right? so generally speaking, i can sell pickles in a jar at the farmer's market. i can't sell a pickle on a stick. >> exactly. that has to do with food product. in general, we're talking about food products, just like you would buy that jar of pickles in the grocery store. once you start opening things up and putting it on a stick, hey, i'm from wisconsin, we'll fry it first. there's different kind of regulations. again, a lot of opportunities under that food product realm. >> again, we're generally talking about honeys and nuts,
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things without cream and custard or meat. those sorts of things. i can sell those to restaurants, as well. if there is a coffee shop down the street, i could make muffins and they could sell my muffins at their coffee shop. >> that's a great question. it depends on your state. it's interesting. when we first wrote the book that came out in 2015, we said no wholesale. that's an update. increasingly states like california do allow wholesales. sometimes there's different tiers of licenses. california has an a and a b. so it is possible. so check those things out. again, all states allow direct sales to your neighbor, which is huge. part of the reason i'm jazzed is it's more than just the economics, it's building
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community. 100 years ago, that's what we did. we sold bread to our neighbor, and we lost that over time. this is an opportunity to regain that and trusting our neighbors and having things go back and forth. >> that leads to my last question about the home kitchen. i understand there are laws and regulations that even the cottage food industry has to follow. i am positive, at least 99% positive, that my local restaurant or the deli doesn't have a dog wandering around in the background, right? there's a lot of responsibility, and i can see that some restaurants and what not would say hey, we have an inspector that comes in every month or six months to make sure our water is hot enough. what about these home kitchens? >> well, again, itdy pe depends what state you are in, but remember, the majority of
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cottage foods, we're talking about non-hazardous items. that's nothing that can go wrong with that cookie, for example. so that's important to know. secondly, people have the option whether or not they want to purchase from these products. it's total transparency. each if you buy the industrialized jar of pickles off the shelf, where did that come from? who made that, et cetera? but in this case, you know the producer. you can ask questions or build that relationship. and you have that option. so it does take on a different perspective on things for sure, and it's going back to, as i was saying, trust, knowing each other. for me, my kitchen is the safest place around. it's where i feed my family, my friends. i like to think that other people should -- this is hopefully something that can grow as the community grows. check with your state for anything specific you need to do.
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>> lisa is a baker, entrepreneur, and the author of "home made for sale." thank you for being with us. and "press: here" will be right back.
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>> that'ss our show f for th week. as alwaysys, i wilill r remind ththat we e have a pododcast to showow all about venture capiti and venture capitalilists. i invitee you to tryry it ouout. thanksks to my gueststs, a and yoyou for makaking us parart of sundayay morning..
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damian trujillo: hello, and welcome to "comunidad del valle." i'm damian trujillo, and today we honor the legacy once again of the late civil rights leader cesar chavez on your "comunidad del valle." ♪♪♪ ♪♪♪ damian: and that is our topic today. we're going to be doing that throughout the entire show of "comunidad del valle," honoring the legacy of cesar chavez.

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