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

Published: Feb. 24, 2023, 9 a.m.

b"Matt Higgins\\u2019 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\\u2019s 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\\u2019s. Today, he has a net worth of over $150M. In this episode, you\\u2019ll learn about the importance of quitting, the benefits of thinking about your own death, and different methods of financing your business.\\xa0\\n\\nMatt 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\\xa0Harvard Business School, where he co-teaches the course \\u201cMoving Beyond Direct-to-Consumer.\\u201d Matt was\\xa0also a Guest Shark on ABC\\u2019s four-time Emmy-Award-winning TV show\\xa0Shark Tank in seasons 10-11.\\n\\nIn this episode, Hala and Matt will discuss:\\xa0\\n- Why dropping out of high school was one of the best decisions Matt ever made\\n- The importance of quitting\\n- Why you should reflect on your own mortality\\xa0\\n- How Matt built RSE Ventures\\n- Be picky about how you spend your time\\xa0\\n- How Matt manages his investments\\xa0\\n- Should you look for an investor or bootstrap your company?\\xa0\\n- What Matt looks for in entrepreneurs\\xa0\\n- Matt\\u2019s optimistic view of Gen Z\\xa0\\n-\\xa0And other topics\\u2026\\n\\nMatt 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 \\u2013 including several of Fast Company\\u2019s 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\\u2019s top clubs.\\xa0\\n\\nHiggins 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.\\xa0\\n\\nLinkedIn Secrets Masterclass, Have Job Security For Life:\\nUse code \\u2018podcast\\u2019 for 40% off at yapmedia.io/course.\\n\\nResources Mentioned:\\xa0\\nMatt\\u2019s Website: https://www.burntheboatsbook.com/\\nMatt\\u2019s LinkedIn: https://www.linkedin.com/in/matt-higgins-rse/\\nMatt\\u2019s Twitter: https://twitter.com/mhiggins\\nMatt\\u2019s Instagram: https://www.instagram.com/mhiggins/?hl=en\\nMatt\\u2019s Facebook: https://www.facebook.com/ManifestorMindset/\\nMatt\\u2019s Podcast The Manifestor Mindset: https://podcasts.apple.com/us/podcast/the-manifestor-mindset/id1517691358\\nMatt\\u2019s book Burn the Boats: https://www.amazon.com/Burn-Boats-Overboard-Unleash-Potential/dp/006308886X\\nWeCroak App: https://www.wecroak.com/\\n\\nSponsored By:\\xa0\\nUse promo code YAP for 15% off sitewide at https://justthrivehealth.com/discount/YAP\\n\\nMore About Young and Profiting\\nDownload Transcripts - youngandprofiting.com\\xa0\\xa0\\nGet Sponsorship Deals - youngandprofiting.com/sponsorships\\nLeave a Review -\\xa0ratethispodcast.com/yap\\nWatch Videos - youtube.com/c/YoungandProfiting\\n\\nFollow Hala Taha\\nLinkedIn - linkedin.com/in/htaha/\\nInstagram - instagram.com/yapwithhala/\\nTikTok - tiktok.com/@yapwithhala\\nTwitter - twitter.com/yapwithhala\\n\\nLearn more about YAP Media Agency Services - yapmedia.io/"