No badge, no problem: Meet the people in Davos without an invite | CNBC Reports

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0:00Take a walk with Rich Stromback, and it’s easy to feel like you're part of the Davos elite.

0:05I’ve had parties where there’ll be $300 billion in personal net worth in the room.

0:11Stromback is a venture capitalist who started attending the World Economic Forum’s

0:15annual meeting in Davos, Switzerland more than 10 years ago.

0:18The meeting hosts thousands of politicians, business leaders and academics,

0:21but it's no secret the real action happens outside of the conference.

0:25The type of things that lead to engagement, that happens

0:28in these very small intimate spaces like this place.

0:32This year, he will host more than 600 hours of events, sessions and parties

0:36attracting celebrities like Wyclef Jean and Tony Blair.

0:39It’s a guest list worthy of an official event - but it’s entirely unofficial.

0:43Just, you know, super exclusive. VVIP.

0:46VVIP?

0:47VVIP.

0:48What does the V stand for? Very?

0:49Very, very important.

0:50Very VIP. Oh, very, very important.

0:52Everyone here is a VIP, but then there’s another level of event that’s VVIP.

1:01Davos is an invite-only event, and even if you do get an invite, getting in is not cheap.

1:06First you need a World Economic Forum membership which costs

1:09somewhere between $60,000 and $600,000.

1:12And there’s an additional fee of more than $27,000 per person to get into the conference.

1:18The high price tags and exclusivity haven’t been enough to turn away some visitors

1:21who want a slice of the Davos experience here in the Swiss Alps.

1:25By some accounts, 80 percent of people here this week don’t have an official badge.

1:31Start-up founder Dan Vahdat is one of those people.

1:34I think that’s the key thing for Davos and for everyone, it’s more about connections.

1:40What’s been the best part of the week so far?

1:41I think the highlight was I had a really good chat with

1:43John Kerry, the Secretary of State, former Secretary of State.

1:48And that was here, at an unofficial side event?

1:50Yes, it was at an event last night.

1:53Unofficial events have sprouted up along the main promenade here in Davos,

1:56and there's even an app to help you navigate the unofficial schedule.

2:00Behind us there’s a cannabis event. A few steps away there's a blockchain conference.

2:04We are a side event and we make sure that we bring our community together here at Davos.

2:08We started here and, frankly, for the last couple of years, people really enjoyed it,

2:13so it’s a great way to convene our global membership and our supporters.

2:17This is where some of the deals get done?

2:19Yes absolutely.

2:20Attending Davos as an unofficial guest still isn’t easy.

2:23It requires buying a ticket to Switzerland, and expenses on the ground like housing and food are not cheap.

2:29But for some, it’s a price worth paying - if only for the photo opps.

2:32All these celebrity pictures. I got just about everybody

2:36from Klitschko and Matt Damon to prime ministers of countries you've never heard of.

2:42So, I mean, I think that’s kind of the highlight.

2:47Hey everyone, Elizabeth here. Thanks so much for watching our video.

2:50Let us know what you think about our Davos coverage in the comments section,

2:53and if you have any other ideas leave them there, too.

2:55Check out all of our other videos over here.

2:57Talk to you later!

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No badge, no problem: Meet the people in Davos without an invite | CNBC Reports

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