VICE Co-Founder Shane Smith has a Free Business Idea for YouWe caught up with the media maverick and got his thoughts on needing mistakes to make a difference.

Earlier this month,VICE MediaCo-founder and CEOShane Smithwas honored alongsideJay Pharoahat a ceremony held byThe Opportunity Network, a New York City nonprofit that prepares talented, low-income students for college, facilitates paid summer internships and teaches them how to build professional networks.

In this video, the brilliantly bearded media maverick dispenses words of wisdom on the rich rewards of making mistakes, what he sees as great business opportunities and where the future of media is heading. Given that VICE has disrupted and domineered digital and TV journalism as we know it for the past few years, it might be worth your time to pay him some mind.