Published Nov 29, 2021

Office Hours: Rivian’s Colossal IPO, Fashion Industry Winners, and Pivoting Out of an Ad Agency

Scott Galloway delves into the high stakes of Rivian's IPO, questioning its valuation compared to traditional automakers and the accessibility for retail investors, offers insights into the shifting landscape of the fashion industry, and advises on moving from demanding advertising agency roles to in-house positions for a more balanced career.
Episode Highlights
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Episode Highlights

  • Agency Challenges

    Working in advertising agencies presents unique challenges, as explains. He describes agency work as a young person's game, where the client always holds the upper hand, making it a demanding environment. Scott shares his personal experience, noting that the services business often requires extensive travel and constant availability to clients, which can be exhausting 1.

    You're always someone's bitch. You're the CEO of Audi would love to meet you next week. Can you make it? The answer is going to be yes.

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    Despite these challenges, he acknowledges that agency work can be a valuable training ground, likening it to becoming the "Navy SEALs of the business world" 2.

       

    Transitioning In-House

    Transitioning from agency work to in-house roles offers several advantages, according to . He suggests that moving in-house can provide a better lifestyle, as it allows professionals to become the decision-makers rather than the service providers. Scott advises those under 40 who are unhappy in their current roles to consider this transition, especially if opportunities in tech arise 2.

    If you don't love it and you're not doing really well, get out of dodge and get to the client side, which has a better lifestyle.

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    He emphasizes that while some may thrive in agencies, the client side often offers more stability and control over one's career 1.

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