Michael Loeb - President and CEO of Loeb NYC | Launching Billion Dollar Companies

Success Story with Scott D. Clary

Success Story Media

How To, Business, Education, Self-improvement

4.6 • 326 Ratings

🗓️ 30 November 2023

⏱️ 63 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

➡️ Like The Podcast? Leave A Rating: https://ratethispodcast.com/successstory ➡️ Join 321,000 people who read my free weekly newsletter: https://newsletter.scottdclary.com ➡️ About The GuestMichael Loeb is a serial entrepreneur and the founder and CEO of Loeb.nyc, a startup investment platform that pairs strategic and executional talent with passionate founders. Michael has a long and successful track record of building and scaling consumer marketing businesses, from magazines to online travel to pharmacy discounts.Michael started his career at Time, Inc., where he met his longtime business partner Rich Vogel. Together, they co-founded the Synapse Group, which revolutionized the magazine subscription industry with its patented Continuous Service Model. Synapse Group also incubated Priceline.com, one of the most successful online travel companies in the world. In 2006, Michael and Rich sold Synapse Group to Time Warner for over $500M.Since then, Michael and Rich have launched Loeb Enterprises and Loeb.nyc, where they oversee 18 direct investments in innovative companies across various sectors. Michael is also an avid philanthropist and a creative visionary. He sits on the board of several non-profit organizations, such as the Michael J. Fox Foundation for Parkinson’s Research, the Robin Hood Foundation, and the UJA-Federation of New York. He has also spoken at various events and festivals, such as the Cannes Lions International Festival of Creativity, the Advertising Week, and the SXSW, where he shared his insights and experiences as an entrepreneur. ➡️ Show Linkshttps://twitter.com/realmichaelloeb/https://www.linkedin.com/in/michaelloeb1/https://www.loeb.nyc/ ➡️ Podcast SponsorsFoundation Source: https://info.foundationsource.com/xm-tax-benefits-pHubspot - https://hubspot.com/ Kajabi - https://kajabi.com/success (Code: success)ButcherBox - https://butcherbox.com/success (Code: success)Justin Wine - https://justinwine.com/ (Code: success)Green Light - https://greenlight.com/successIndeed - https://indeed.com/claryNudge Podcast - https://www.nudgepodcast.com/podcast/NetSuite — https://netsuite.com/scottclary/Factor — https://factormeals.com/successpod50 (Code: successpod50)HelloFresh — https://hellofresh.com/50successpod (Code: 50succespod)ZBiotics — https://zbiotics.com/success (Code: success) ➡️ Talking Points00:00 - Introduction01:19 - Michael Loeb’s Origin Story04:29 - Winning Attitude for Success08:33 - Michael's Persistence Is His Superpower17:48 - "Burn the Boats" Philosophy22:52 - Navigating Lay-off Realities28:12 - Sponsors30:35 - Synapse: Trials Behind Triumphs38:23 - Spotting Resilient Entrepreneurs45:08 - Key Insights From Building55:33 - Defining Success

Transcript

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0:00.0	Welcome to Success Story. I'm your host Scott Clary. The Success Story Podcast is part of the HubSpot Podcast network.
0:06.8	A quick nod to HubSpot's new tools that they're rolling out for your business before we get started.
0:11.2	You know that this year is almost done and if you want to
0:14.5	win next year in your business in 2024 you need tech that puts you in the pilot
0:20.3	seat that gives you the unfair advantage.
0:23.0	This is what the new HubSpot Sales Hub is all about.
0:26.0	It's going to help you close the year strong.
0:28.0	This tool does everything.
0:30.0	Sales Hub allows you to collaborate on every single step of the customer journey.
0:34.0	That means when a customer interacts with any part of your business.
0:37.8	They have a comprehensive prospecting workspace.
0:40.4	They have powerful analytics, data, tools, all to help your team close more sales
0:46.3	Don't let leads slip through the crack HubSpot Sales Hub lets you accelerate every single part of your sales operation with precision and they have over 1400
0:56.9	Integrations a ton of ways to mix in new features finish out your Q4 strong and gear for an incredible
1:03.4	2024 with HubSpot Sales Hub. Learn more at HubSpot.com
1:08.1	slash sales. So I grew up in Queens and Queens in Queens in Harlan.
1:19.6	So I grew up in Queens and hardscrabble Queens and I would and people don't believe this
1:29.2	but I would get into a fight every day and I would get into a fight every day because I was one of the
1:34.5	shortest kids in the grade I'm still one of the shortest kids in the grade and
1:39.2	all the big guys would defer to the little guys and say, hey, you two midgets, you fight, right?
1:45.8	And so, you know, from that experience of just being the underdog and having to prove yourself every day I think that has carried over to my life now.
1:59.0	I just want to win and I don't think I am smarter than anybody. I don't think I am better
	...

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