Moneywise From $500K Personal Monthly Cash Flow to a $26M Exit
51 snips
Jun 25, 2024 Marshall Haas, Founder and CEO of Shepard, shares insights from his recent $26 million exit after forgoing $500k monthly cash flow. He discusses the mental challenges of selling a rapidly growing company and the emotional journey from steady income to a lump sum. Marshall reflects on his entrepreneurial path, starting from dropping out of college to navigating the dynamics of business sales. He emphasizes the shifts in identity and financial management that come with newfound wealth, highlighting the importance of charitable giving over luxury spending.
AI Snips
Chapters
Transcript
Episode notes
Early Venture
- Marshall's first profitable venture was All Rendered, an architectural rendering company.
- He outsourced the work to the Philippines, foreshadowing his later success with Shepard.
First Million
- Need/Want, a collection of e-commerce businesses, provided Marshall's first million.
- Despite this, anxiety arose as the e-commerce landscape shifted and his main venture, Peel, faced headwinds.
Shepard's Beginnings
- Shepard, Marshall's next venture, connected companies with overseas talent.
- It started small but rapidly grew, exceeding expectations and becoming his primary focus.