Matt Higgins on Escaping Poverty, Entrepreneurship, and Knowing When To Quit | Entrepreneurship | YAPClassic

Young and Profiting with Hala Taha

YAP Media Network | Hala Taha

Entrepreneurship, Business, Marketing

4.8 • 1.5K Ratings

🗓️ 24 February 2023

⏱️ 62 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Matt Higgins’ childhood was plagued with extreme poverty. He lived in a tiny apartment with three other boys and a single mother who struggled to make ends meet. Ashamed of his family’s financial status and living conditions, Matt started juggling several side hustles, such as selling handbags at flea markets and scraping gum off the bottom of the tables at McDonald’s. Today, he has a net worth of over $150M. In this episode, you’ll learn about the importance of quitting, the benefits of thinking about your own death, and different methods of financing your business. Matt Higgins is a noted serial entrepreneur, growth equity investor, and co-founder and CEO of private investment firm RSE Ventures. He is also vice chairman of the Miami Dolphins and an Executive Fellow at the Harvard Business School, where he co-teaches the course “Moving Beyond Direct-to-Consumer.” Matt was also a Guest Shark on ABC’s four-time Emmy-Award-winning TV show Shark Tank in seasons 10-11. In this episode, Hala and Matt will discuss: - Why dropping out of high school was one of the best decisions Matt ever made - The importance of quitting - Why you should reflect on your own mortality - How Matt built RSE Ventures - Be picky about how you spend your time - How Matt manages his investments - Should you look for an investor or bootstrap your company? - What Matt looks for in entrepreneurs - Matt’s optimistic view of Gen Z - And other topics… Matt Higgins is a serial entrepreneur and growth equity investor. He co-founded New York City-based RSE Ventures in 2012, amassing a multi-billion-dollar investment portfolio of leading brands across sports and entertainment, media and marketing, consumer and technology industries – including several of Fast Company’s Most Innovative Companies. RSE has successfully backed many challenger brands from inception, including RESY, an Open Table competitor that American Express acquired in 2019; the world's premier drone racing circuit, the Drone Racing League; and the International Champions Cup, the largest privately-owned soccer tournament featuring Europe’s top clubs. Higgins is also co-owner of VaynerMedia, founded by digital marketing expert Gary Vaynerchuk, and a partner in the early-stage venture fund Vayner/RSE. He also appeared as a Guest Shark on Shark Tank. LinkedIn Secrets Masterclass, Have Job Security For Life: Use code ‘podcast’ for 40% off at yapmedia.io/course. Resources Mentioned: Matt’s Website: https://www.burntheboatsbook.com/ Matt’s LinkedIn: https://www.linkedin.com/in/matt-higgins-rse/ Matt’s Twitter: https://twitter.com/mhiggins Matt’s Instagram: https://www.instagram.com/mhiggins/?hl=en Matt’s Facebook: https://www.facebook.com/ManifestorMindset/ Matt’s Podcast The Manifestor Mindset: https://podcasts.apple.com/us/podcast/the-manifestor-mindset/id1517691358 Matt’s book Burn the Boats: https://www.amazon.com/Burn-Boats-Overboard-Unleash-Potential/dp/006308886X WeCroak App: https://www.wecroak.com/ Sponsored By: Use promo code YAP for 15% off sitewide at https://justthrivehealth.com/discount/YAP More About Young and Profiting Download Transcripts - youngandprofiting.com Get Sponsorship Deals - youngandprofiting.com/sponsorships Leave a Review - ratethispodcast.com/yap Watch Videos - youtube.com/c/YoungandProfiting Follow Hala Taha LinkedIn - linkedin.com/in/htaha/ Instagram - instagram.com/yapwithhala/ TikTok - tiktok.com/@yapwithhala Twitter - twitter.com/yapwithhala Learn more about YAP Media Agency Services - yapmedia.io/ Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Welcome back, Yappam. Today we're replaying my interview with Matt Higgins. Matt is a serial
0:17.9	entrepreneur and investor. He's the co-founder and CEO of RSE Ventures, and he's the
0:23.7	former vice chairman of the Miami Dolphins. He was also a shark on ABC's Emmy Award-winning show Shark Tank
0:30.5	in seasons 10 and 11. Matt recently came on Yap to talk about his new book, Burn the Boats,
0:36.1	and that episode comes out March
0:37.5	6th, which I'm super excited about. In honor of that, it felt right to replay this interview so you
0:42.9	guys can get all of his entrepreneurial insight and life story before hearing anything a layer
0:47.4	deeper in terms of business strategy. In this Yap classic episode, Matt tells us his incredible
0:53.1	rags to Riches come-up story.
0:55.0	He faced so much adversity growing up, which makes the massive success that he has today
0:59.4	even more impressive. We'll learn how he started RSC Ventures, how he first met and became
1:05.0	business partners with Gary Vaynerchuk, and what Matt believes makes a great entrepreneur.
1:10.5	This episode is chock full of timeless business wisdom,
1:13.7	and I can't wait for you guys to hear it before Matt's new interview drops on March 6th.
1:18.5	Without further delay, here's my interview with Shark Matt Higgins.
1:25.4	Hi, Matt. Welcome to Young and Profiting Podcast.
1:28.7	Well, thank you. Thanks for having me.
1:30.6	I am so excited to have you on the show. I am a Shark Tank fanatic. It is literally the only
1:36.4	TV show that I watch for the past like five years. And I first found out about you on that show.
1:43.3	And you are an exceptional businessman.
1:46.2	You know, you're the founder of RSC Ventures.
1:48.9	You were working for the Jets, the Dolphins.
	...

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