Matt Higgins: Business Growth and Raising Money with Lewis Howes

Key Investments

Matt Higgins recounts his first major investment in Gary Vaynerchuk, recognizing Gary's authenticity and foresight in the early days of social media. Despite Gary's unconventional presentation, Matt saw potential in his predictions about the future of content creation and social media. This investment taught Matt to trust his intuition and look beyond appearances.

I tend to like to also look past the packaging, right. Because I came in a certain packaging, so I don't judge the packaging. I want to trust my intuition and what is the person really saying?

--- Matt Higgins

He emphasizes the importance of backing individuals with vision, even if they don't fit the traditional mold of a successful entrepreneur 1 2.

   

Scaling Businesses

Scaling a business requires a clear vision and the ability to see potential beyond the present. Matt Higgins discusses his criteria for evaluating scalable ventures, emphasizing the need for a business to be worth more than $100 million to justify his time and investment. He also highlights the importance of deep partnerships and not jumping from one opportunity to another.

When you have something that's great and you know why it's great or why it could be great, don't be a bottom feeder, don't sell early, you know, and don't be a grasshopper.

--- Matt Higgins

Matt's approach involves going deeper into existing deals rather than spreading resources thin across multiple ventures 3 4.

   

Effective Partnerships

Effective partnerships are crucial for business success, as they provide not just capital but also strategic support and belief. Matt Higgins shares his experience of partnering with Steve Ross to create RSE Ventures, highlighting how their complementary skills and shared vision have driven their success. He emphasizes the importance of backing founders who are pursuing transformative ideas and providing them with the necessary resources to succeed.

If you look at all the deals that I'm doing at, the common narrative is there's always a founder who's pursuing something transformative. He or she is special, and they're missing something to go the distance.

--- Matt Higgins

Matt's strategy involves leveraging his diverse portfolio to create synergies and support the growth of each venture 5 6.