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Exit Paradox

Ex-Founder Michia Rohrssen: “I'm an adventurer!”

Dec 4, 2023
01:15:10

Please give a warm welcome to today's guest, Michia Rohrssen: a 3x founder, world champion in 3 martial arts, investor, and content creator with a mission to empower a million people to live lives brimming with freedom, wealth, and happiness. In this interview, Michia shares his secrets for crafting his dream post-exit lifestyle, practical investing, and living life with purpose and a happy marriage—all just 2 years after selling his tech business for $110 million at age 34. Michia has lived in New York City and Silicon Valley but now shares his time between London and Taipei.

  • Michia Rohrssen: ''I'm an adventurer"
  • Feeling shame and being at fault for being poor. Money as a motivator to start a business.
  • Feeling unworthy as the motivator to become World Champion in Karate, Kung Fu and Tae Kwon Do.
  • “The negative self-doubt pushing me and the vision for my life pulling me forward.”
  • “My life today is everything I hoped in my 20s my life would look like”
  • “The James Bond life style that I am living now”
  • Tim Ferris as the role model for lifestyle.
  • “I am SO proud of whom I’ve become”.
  • Financial freedom and the “paradox of choice”.
  • The pursuit of money beyond freedom is a wasteful pursuit.”
  • How I prepared myself for What’s next before I sold the company.
  • A year after the sale: “I am going to give myself permission to take time to figure this out.”
  • I gave up a $4.9M earn-out to start my YouTube channel “to help other entrepreneurs to live the life I am living.”
  • “Man, I wake up every day and I am super-fulfilled!”
  • The “make money” online course space is uniquely crowded with fraudsters, who never actually made money in business.
  • “I paid $770K in consulting, advising and mentorship fees.”
  • When I ran a start up, I secretly felt everyone in the company was on a mental health journey with me.
  • I only want to do things that collectively help my audience make more money
  • One on one mentorship is not aligned with how I want to live my life. Unless I can do it scalably, as a platform
  • Building another business is absolutely interest me!
  • My dream is to give away a billion dollars!
  • When I left I had about 200 people working for me
  • Prodigy’s business model
  • We had no passion for building software for car dealership and was honest with our employees about it
  • The sale of Prodigy for “Life-changing money”. How going away and disconnecting helped me pivot the business and sold for much more
  • 3 main lessons from building the business.
  • Lessons from structuring my business sale. Manage your emotions during the sale process and Eliminate any performance based goals.
  • Lessons I learn from my exit and advice to post-exit founders.
  • Saying NO. Stick to your investment policy
  • How I felt the moment I sold my business.
  • “I started feeling the lack of purpose.” “Slowly fidgeting through life till death”.
  • Give yourself permission to look for your purpose.
  • Post-exit self-care for workaholics.
  • My fulfilment formula
  • How I design my dream life
  • Math problems vs art problems
  • My post-exit investing strategies
  • How to live off a portfolio. Income vs capital
  • I live on 3% of my net worth
  • Angel investing
  • How to deal with fear of losing money
  • My geography: Taipei, Tokyo, London “I don’t want to optimize my life around taxes… As long as taxes are not impeding my lifestyle”
  • The benefit of traveling
  • I spend a third of my time on self-development: gym, reading, learning Mandarin and Japanese
  • How we kept marriage happy though my exit. “She is super happy now”
  • Why I never regretted selling Prodigy
  • I am willing to pay the “price for admission” into the social circle I want to be in
  • I am a massive introvert
  • My identity: adventurer, a YouTuber, my values
  • Overcoming insecurities
  • I don’t love health for health’s sake.
  • "My ice bath is one of the biggest life-changes"
  • Religion filled up a giant hole in my life
  • I hope there will be people whose lives I completely changed

Follow Michia Rohrssen on: instagram.com/askmichia/https://www.youtube.com/@askmichiatwitter.com/AskMichia

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