Why would you give up $500k/month personal cash flow?
Despite his company's rapid profit growth, Marshall Haas chose to forgo his substantial income for mental space and a $26M exit.
Before considering selling his main company, Marshall had already begun offloading smaller businesses.
In this episode, recorded just weeks after his major exit, Marshall provides a fresh perspective on the exit process, the differences in selling larger versus smaller companies, and his reasons for selling despite exponential growth. We also delve into the mental shift from enjoying a steady monthly cash flow to receiving a massive lump sum.
This is Moneywise, a podcast where host Sam Parr is joined by high-net-worth guests to explore exclusive insights into personal finance and lifestyle tailored for other high-net-worth people, or those on their way. They'll get radically transparent about the numbers, revealing things like their burn rates, portfolios, and spending habits.
Who is Sam Parr?
Sam is a serial entrepreneur and the co-founder of The Hustle, which he sold to HubSpot in 2021. He's also the co-host of one of the world's top podcasts for entrepreneurs, My First Million. Known for his insightful business acumen and candid communication style, Sam Parr continues to be a prominent figure in the world of media and entrepreneurship. Sam's newest and biggest venture yet is Hampton, which he co-founded in 2022.
This podcast was made for the Hampton community, a private, highly-vetted, peer membership community for founders and CEOs of fast-growing, tech-enabled startups.
Chapters:
Marshall's Background and Early Ventures (03:29)
The Beginning of Shepherd (10:58)
Why Marshall Decided to Sell Shepard (13:15)
Life After the Exit (21:36)
Marshall's Spending and Finances (24:35)
Final Thoughts and Advice (30:54)
This podcast was produced in partnership with Lower Street and distributed by Morning Brew.