Latest / The Action Catalyst / Burn the Boats, with Matt Higgins (Entrepreneurship, Business, Career, Education)
Transcript
- 0:00Adam Outland: This is Adam Outland for the Action Catalyst, and today's guest is Matt Higgins.
- 0:06Matt is co-founder and c e o of private investment firm, R S E Ventures and his executive fellow at Harvard Business School.
- 0:14He's also a former n L executive and was once the youngest press secretary in New York City history, and you may have seen him as a guest shark on ABC's Shark Tank Seasons 10 and 11.
- 0:26He's just released a new.
- 0:28Burn the boats available everywhere now and will soon be seen in the new television series.
- 0:33Business Hunters.
- 0:34Matt Higgins: Great to have you.
- 0:35Matt.
- 0:36What's up?
- 0:36How you doing?
- 0:37How's the lighting?
- 0:38How's the ambience?
- 0:39Adam Outland: Oh, the, even the word ambience.
- 0:41I mean, that's
- 0:42Matt Higgins: what I was trying, I was trying, honestly, I was trying to elevate this crew, you know?
- 0:45So, yeah.
- 0:46Matt, great to meet you.
- 0:47Um, nice to meet you too.
- 0:49Thank you.
- 0:49We'll just kind of dive in here.
- 0:51I, yeah, let's
- 0:51Adam Outland: do it.
- 0:51Love reading your story, and it actually prompted so many questions in my head, and I, I, I want to hear a little bit about the beginning of the journey, like the kind of that hardship that was part of your earlier life, because today you've, you've obviously had a tremendous amount of success, but that wasn't what life would've predicted early on.
- 1:10Matt Higgins: Yeah.
- 1:11No, I appreciate it.
- 1:11No, I, um, that's where I wanna spend my time.
- 1:14I think about how I manifest in the world and what is most useful.
- 1:18If you meet me for the first time, you can make certain assumptions about me.
- 1:21Well, you are, you're teach at Harvard, you're on Shark Tank, right?
- 1:25You have nice custom stuff, you know, like you probably were born on third base, you know, and, and like make certain judgements or.
- 1:33I tell the origin story, which I prefer to be seen for where I began rather than where I'm ending up.
- 1:38And so where did I begin?
- 1:40I, I grew up in, in Queens, uh, New York, uh, in a shoebox apartment on Springfield Boulevard and Bayside, and was born to a single mom.
- 1:47And so my, my formative years were, And truly abject poverty.
- 1:52You know, people, it's kind of like a cliche.
- 1:53You become desensitized to, what do those words mean?
- 1:56Abject poverty.
- 1:57It's really more about like, what are your surroundings like?
- 2:00You know, it is just dysfunction everywhere.
- 2:02Not enough money to eat half the time.
- 2:04So grew up on government cheese.
- 2:05I actually keep a box on my desk.
- 2:07Where's my box?
- 2:08Always a reminder.
- 2:09So it's a US Department of Agriculture, like an actual box of cheese.
- 2:13I always like to keep that front and center.
- 2:15So when I started nine, 10 years old, I would, I would sell flowers on street corners, you know, like that little kid.
- 2:19Excuse me, sir, would you like to buy flowers for your wife?
- 2:22You know, Just anything I could do to get by scraping gum under tables of McDonald's and so forth.
- 2:26But my mother was, re was, um, was actually brilliant, was product of pretty severe abuse.
- 2:31And so my earliest, earliest memories of were her, when I was nine years old, decided to get her g d and go back to college.
- 2:37And so she would take me to these courses with her on Saturdays because during the week she would, um, clean houses, you know, so I would, she would take me to those visits when I, during the summer, and I just have these memories of like, education being this path of transcendence out of poverty.
- 2:51It was the only time I ever remember seeing my mother happy or having any kind of dignity.
- 2:54Uh, but at the same time, she had a ton of health issues.
- 2:56And so my, my childhood was sort of a car crash unfolding in slow motion.
- 3:00And I, when you're born in trauma or you're in trauma, the, the way to survive is you disassociate.
- 3:06A lot of my memories were like standing on an overpass, just watching things play out, trying to figure out how to get outta here.
- 3:11And so phase one was desperation, hoping somebody would come along and save us.
- 3:15And then, you know, we all have to learn this lesson sooner or later that there's no cavalry coming.
- 3:19And as my mom began to deteriorate and I began to hate my life more and more, And was doing these menial jobs that were not gonna feed the pay the bills that I, I, I had an epiphany that I need to take matters into my own hands and that this conventional path is not gonna work.
- 3:34And so this is the crazy, when I tell this story, people are like, that's crazy.
- 3:37Like, how did you, why would anyone think to do this?
- 3:39But.
- 3:40I said like, if my mother went to college with A G E D inadvertently, cuz that's not how she wanted life to work out.
- 3:46What if I did it on purpose?
- 3:47And I actually pulled forward my entire life by two years and got a GED and went to college when I was 16.
- 3:53So when I floated this idea, including my mother, the reaction was the stigma of being a high school dropout.
- 3:58It's gonna stay with you forever and change the trajectory of your life, right?
- 4:02But what, what I tell this to people all the time, be careful of whose advice you.
- 4:06because unless they have the full context of your situation, back when I grew up, it was not cool to be a dropout wearing a hoodie, you know, and, and, and being poor.
- 4:15So I did everything I could to conceal my poverty.
- 4:17Every bit of money I had, I would buy like jordash jeans so kids wouldn't know.
- 4:21I'd never let anybody know I was hungry.
- 4:22I never had a single friend over my house in 26 years because I, I was hiding what I was living in.
- 4:27I decided I was gonna drop outta high school, get my ged.
- 4:30This is where the book comes.
- 4:32The only way I would have the courage to stick with that plan is if I had no choice.
- 4:36I don't know how I knew that intuitively, but I was getting pressured from every direction that this is nuts.
- 4:41I make this crazy decision and in my last day of high school, you gotta return all your textbooks.
- 4:46And I go to my science teacher and sort of middle of the day you go, you know, school room by room, and.
- 4:51Hand back my science teacher, true story, Mr.
- 4:54Rosenthal.
- 4:55And he doesn't look away from me cuz what's this?
- 4:57I said, I gotta return my books.
- 4:58My last day high school, I'm dropping out, looks in the room and goes, Higgins, what a waste.
- 5:02I'll see you at McDonald's.
- 5:04And everyone's laughing like, oh, you know, whatever.
- 5:06And I'm like, oh my God.
- 5:08And I'm Irish, so my face gets all red and I'm so embarrassed.
- 5:10I'm about to walk outta the room.
- 5:11I stop and I'm like, that can't be the last thing I heard in high.
- 5:15And I turn around to him, I said, you know, Mr.
- 5:16Rosenthal, if you see me at McDonald's, it's because I own it.
- 5:20And then I walked out, everyone's like, oh, you know, snap.
- 5:23And then I sat on the steps, smoked a Marlborough, and I was like, he's probably right.
- 5:26This is, this is absolutely crazy.
- 5:28Took my G E D.
- 5:30Two years later, I rolled in Queens College and I went to my prom as captain of the debate team when I was 17 years old.
- 5:35That single decision to burn the boats, uh, and just go all in, change the entire trajectory of my life.
- 5:42And so by the time I, I was 16 making, you know, five bucks an hour at a dehi at that point.
- 5:46And by the time I was 26, I became the youngest press secretary in New York making $105,000 a year.
- 5:52You have to know that story to know me.
- 5:54Well, it's,
- 5:55Adam Outland: it's really important, obviously part of the story that you get to share in, in your book too.
- 5:59How did you get into, this is just a logistic question that's in my brain.
- 6:03How'd you get into Queens College?
- 6:04With
- 6:05Matt Higgins: that record?
- 6:05Well, no, here's the best part.
- 6:07I don't think this hack exists anymore, but, but, um, so I had a college nine in my high school, right?
- 6:12Right.
- 6:12So they all bring all whatever, and I, I, you know, even I was younger, I went to it and I was like, you know, excuse me sir.
- 6:18, you know, if somebody were to take a G e D and like, you know, do really well, would you admit them to your, you know, privileged institution?
- 6:25And because, you know, in a certain, I talk about this by book in like a noble kind of way.
- 6:28Like, yes, young man, we, you believe in second chances.
- 6:30You had a GED and did well enough, of course.
- 6:32So there was a way that you could translate a A G E D score to grades.
- 6:37And so by taking that one test, it's a standardized test.
- 6:41I, I was, you know, I got a grade score, you know, thirdly high and was able to translate it into grades, but it, it was, no, I probably could, I could have gone to significantly better institutions than I had any shot of going to, if I had stuck into high school.
- 6:54Which is the funny thing, like, like even my guidance counselor, Mr.
- 6:57Barkin at the time was, and he was a sweetheart.
- 6:59Matt, there's still time and I'm like, no, no, Mr.
- 7:02Work, like do you realize if I ace this exam, I have a greater likelihood of gonna like Y U because they'll feel bad for me.
- 7:09And it's a nice story to tell you let the kid in with the g e D than it is if I, if I actually grad.
- 7:13They like, oh, that's crazy talk.
- 7:15I'm like, no, no, technically true.
- 7:17I did the research and then, you know, you know what's funny about when you make these bold decisions that are kind of radical and no one agrees with, it's a little bit like muscle.
- 7:25You remember the pain you went through when nobody believed you.
- 7:27You remember the isolation, but you also remember the resu.
- 7:32and the redemption, you know what I mean?
- 7:34Like when I showed up at the prom and I got to see Mr.
- 7:37Rosenthal and I got to see these teachers and I went from somebody who a look of pity when they greet me to a look of pride and admiration.
- 7:44Like with one chess move.
- 7:46Yeah.
- 7:46The critical thinking
- 7:48Adam Outland: to set aside the standard, universal practice of how you do something and actually go, well, why and what, what other pathways are?
- 7:57Is is obviously what's, to me, incredibly notable about that too.
- 8:01Like it takes real critical thinking and like research a brain to go, well, let me actually look into something that everybody else just takes for granted.
- 8:08Matt Higgins: Yeah.
- 8:08And I, I, I said I, so I love that you're asking that cuz I, well you, maybe you were intellectually gifted or you know, you, you know, you have these special critical thinking skills.
- 8:16It's like, no, it's not.
- 8:17I was.
- 8:17So desperate.
- 8:18I was so, so desperate, you know?
- 8:21And I was, and I felt so abandoned by the world.
- 8:23I was like, wait, I'm sitting in an ER room with my mother because we don't have healthcare.
- 8:26I'm taking a bus an hour and a half away to go to church pantries.
- 8:29I get my Christmas dinner from a priest at the door.
- 8:32It feels bad for us.
- 8:33Well, this is whatever, you know what I mean?
- 8:34Like I don't give me your pity or your food.
- 8:37Give me my pride and I'm gonna do that by taking matters in my own hands.
- 8:40And so all of us have found ourselves in, in a crisis when, when our back is against the wall and our decision making is very clear, crystal clear, right?
- 8:48And so a lot of my life is like, how do I conjure it?
- 8:51Now I became an adrenaline junkie.
- 8:52Unfortunately, like a lot of people go through trauma due, but I've been spent a lot of my life trying to.
- 8:57Hold on to that crisis decision making and the clarity that comes with it, but not emulate or replicate crisis unnecessarily.
- 9:04Right?
- 9:04Like how to have the clarity and but limit and eliminate choice and make really, really good, really good decisions.
- 9:10And so the, my whole book is like taking that moment and then dissecting it and playing out in different, you know, different contexts.
- 9:16Really
- 9:17Adam Outland: insightful.
- 9:18So fast forward to the Press Secretary part of life.
- 9:21Uh, in between there, uh, was your Fordham law experience,
- 9:25Matt Higgins: is that right?
- 9:25Mm-hmm.
- 9:26Yeah.
- 9:26Fordham Law.
- 9:27How did this come
- 9:27Adam Outland: about?
- 9:28Because, you know, to my knowledge, people don't necessarily go to law school to become a press secretary.
- 9:32I mean, how did all this stuff happen?
- 9:34How did this fit into your vision and how much of it was.
- 9:36Part
- 9:36Matt Higgins: of your plan?
- 9:37Yeah, a great question.
- 9:38I mean, the, the, the sort of, the connective tissue of all my disparate experience begins with this notion of make yourself indispensable at whatever job you're doing as a path to the next.
- 9:48I think a lot of people look past the drudgery of their job or the monotony and wish they had the next, not realizing, no, your path to that is here.
- 9:57And the, and the, and the process, and I know there's a lot of talk about quiet quitting is one way of.
- 10:02You know, protest, whatever.
- 10:03I took a very different approach was like, really, when somebody gives you a job, all they're doing is giving you a problem to solve.
- 10:09And so if I sort of solve a problem in a way that is unique and differentiated, people who are fundamentally lazy, right?
- 10:14Like even a manager could be like, well, Matt sure did a good job with the gun scraping.
- 10:18This is what happened.
- 10:18Like, do you wanna manage the party room?
- 10:20You know, like quite a, quite a, quite an elevation now.
- 10:22I was, I was scraping, you know, chicken McNugget fragments out of, uh, you know, the corners, but like it, it came with a raise so it's not so.
- 10:30About getting the thing I want.
- 10:31Now it's moving in the general direction of my ambition and making sure that I'm leveraging each thing to get to the next thing.
- 10:37So the way I got to be Press Secretary was I, I was a good communicator, good writer.
- 10:42I was able to get a job as a little Cub reporter for a nothing newspaper at the time, a Queens, Queen's Tribune.
- 10:47But I wrote really good stories, investigative stories.
- 10:50and then eventually, this is nuts.
- 10:52I got nominated for a Pulitzer Prize when I was 19 by Carl Bernstein.
- 10:55Right.
- 10:55And I won a bunch of journalism awards.
- 10:57And so I was like, well, they got this.
- 10:58I got on, I got profiled in the Daily News, got got to the attention of the Mayor of New York at 23.
- 11:03Well, they needed somebody to work Ghost Write.
- 11:05And I was like, all right, I'm gonna ghost write.
- 11:07But everybody loved my writing, but I'm like, well, if you love my writing, you gotta gimme the title.
- 11:10And when they wouldn't gimme the title I.
- 11:12and then when I quit, they decided, okay, four months later you can have that job.
- 11:14Then I quit twice the mayor of New York, who was not an easy guy to quit on, as you might imagine.
- 11:19And so like I'd make myself indispensable.
- 11:21And wait for justice.
- 11:23And if justice was not meeted out, I would vote with my feet, but I would be open to coming back.
- 11:27So like I always say to people that opportunity is a leading indicator.
- 11:30Compensation is a lagging indicator, unfortunately, right?
- 11:33You should assume the burden and the opportunity and the obligations, and set a timeline for when you should be rewarded and recognized when that doesn't happen because you have an unjust, you know, benefactor.
- 11:44And so I kept leveraging the thing that came before to get me through the thing, the, the next thing.
- 11:49That's how I went from journalist to press secretary.
- 11:51Now it's not that big of a leap, right?
- 11:53Like you could see how the connective tissue, the second thing I think people do unfortunately, is they, they submit to narrowly defining who they are, what they are in a moment in time.
- 12:01And then like the dye is cast.
- 12:03So for example, I was a reporter for.
- 12:05I got an offer to work at the New York Times when I was a kid.
- 12:07I got an offer to work at New York.
- 12:08One.
- 12:09I could have said, I'm a reporter, but I was like, no, I think I'm a communicator.
- 12:13And then I, I expanded what it means to be a communicator.
- 12:15Now a communicator does accommodate the idea of, Being Press Secretary of the Mayor of New York, right.
- 12:21And that has been a consistent theme of my life is more broadly defined, what it is and what I'm capable of, so that I'm not put in a box like inadvertently.
- 12:30And so I'm always trying to expand the definition of who I am at any moment in time, but I'm just trying to remain open and available.
- 12:37You know, I
- 12:37Adam Outland: look at your, and, and this is just outside looking in.
- 12:40I, I look at your trajectory and it, to me, it almost seems like, again, there's some people who get so caught up in like, Hey, I want this specific house with this dog, with this wife, and this many kids, and they think it's the very literal representation of that vision that they're chasing.
- 12:54when actually it's the underpinning.
- 12:56Mm-hmm.
- 12:56at this age.
- 12:57That's how they define that as this house two kids dog fence.
- 13:00Right.
- 13:01Then that's gonna mature as they learn more.
- 13:04Um, but you, it seemed really gravitated towards, like you were self-aware enough to know, like underpinning a lot of the decisions you made.
- 13:11There's, there's something that you wanted to feel, like you said communicator, not a journalist.
- 13:15And that's a broader, it gives you more to, to
- 13:17Matt Higgins: chase.
- 13:18That's exactly right.
- 13:19My why was defined as freedom and autonomy Now.
- 13:22Was in response to subjugation.
- 13:25So to some extent I always said the best decisions are when you run towards something rather than run away from something.
- 13:29So I am a little aware that the genesis of my why was to run away from lack of autonomy and agency to save my mother.
- 13:38Yeah.
- 13:38However, It is what it is.
- 13:40I'm wired to want freedom and autonomy cuz I do find that I make better decisions when I am not unduly impacted by different constituencies, right?
- 13:47Like I am susceptible to what people think I am.
- 13:51I do care how people feel.
- 13:52So if there are too many negative inputs, it's gonna affect my decision making.
- 13:55But my meta y has been autonomy.
- 13:59and like, so it didn't really matter where more autonomy manifested.
- 14:03It's just like that's the drug.
- 14:04I see.
- 14:05Once I had achieved enough, my wife kind of morphed into a little bit more of a realization that the joy of living truly is in the striving I've been to the mountaintop.
- 14:14There's nothing to see, and so it's like, oh, it is the mere act of trying to touch the ceiling of.
- 14:21My, my capabilities that I live for, and I do believe most of us live for, we may not know it because we're too distracted by our material needs at a moment in time or, or, but we don't realize that the truth is, the joy of living really is in the striving and understanding.
- 14:34What are you really capable of?
- 14:36So what were the
- 14:37Adam Outland: lessons that you feel like, cuz I, I think of being press secretary and coming back to what you shared about, you know, too many negative inputs.
- 14:44I mean, you're putting yourself out there as a press secretary, , I feel like that is, uh, fraught with rejection that you're receiving from journalists, from the public.
- 14:53Right.
- 14:53And, and you were there during a really demanding
- 14:55Matt Higgins: time.
- 14:56Yeah.
- 14:56A lot of times when you're doing that kind of job, you're always trying to figure out balance between ethics and truth and just everything like, you know, and what, what behavior can you justify?
- 15:06Because the means, justify the ends like just so complicated.
- 15:09But I, I would say first of all, it's 26 years old, which is insane to look back to think you're press secretary to the mayor of New York and for those who don't know, This is Mayor Giuliani, right?
- 15:18Like, uh, version 1.0.
- 15:21Fair and Fairness.
- 15:22I choose to remember him that way.
- 15:24Uh, and I'll always be grateful for what he did for me and the job he did.
- 15:27So I will never say a bad word, but clearly he's gone in a very different direction, but, I think the, the, the few of the lessons that I learned were largely around crisis management.
- 15:37The, the first rule in a crisis that people get so wrong is that you, 50% of it is just showing up that, and that could mean on the ground, it could mean emotionally.
- 15:48It could mean, you know, avail availability, but just showing up.
- 15:52You know, Giuliani at the time demonstrated the importance of symbolism of like, no matter what the situation was, but think about how crazy my life has been.
- 16:00I have been on the site of plane crashes, you know, I have been at homicides, obviously.
- 16:03I've been, I've been, I've been, I was on the site of, um, ground zero, uh, before the towers collapsed, you know, so I learned from him the importance of showing up in any situation.
- 16:14And I've, I've carried that with me and I also, The importance of being able to set really ambitious goals and not worrying about whether or not things they're, people think they're absurd because you will bring them along halfway and halfway is better than no way.
- 16:29And so even when he first took over the city in 1994 in New York, there were, I think 2300 homicides a year, and by the time he left there was 670.
- 16:38Those are probably two of the biggest lessons I learned.
- 16:40The next job was even crazier because, um, I was the, uh, one of the first employee, maybe I was like the third employee, to start a new agency to oversee the World Trade Center site.
- 16:50So I was chief operating officer of the effort to rebuild, uh, those 16 acres, you know, and again, now I'm only, I don't know, 29 . So, That's again, like you're
- 16:59Adam Outland: going from, I'm a communicator to, that's not the first thing I think of when I think of a c o o of something like I think logistics.
- 17:07Matt Higgins: Well, I, I'd love to tell your audience's story because it's such an important point.
- 17:10I have not talked about this actually, how that happened.
- 17:12I made one of the most critical decisions professionally when I made that transition to that job.
- 17:16So I happen to get along with the mayor, and the governor had a good relationship with a lot of people.
- 17:20They needed somebody to, to take over communications.
- 17:22I mean, this.
- 17:23Hardest communications job in the world, potentially at the time, destined to piss everybody off, right?
- 17:29Like no matter what happened at ground zero, like you're talking about, the, all the, all the bodies hadn't been recovered when I started that job in February of 2002, and I'm in grief.
- 17:38My mother had only died eight months earlier.
- 17:40I'm literally spending every moment of my life at the site.
- 17:43I'm still in law school at night, so, and I, and my office is adjacent to what we call the family room where there were all the missing poster.
- 17:50And where families would come in and grieve.
- 17:52It was like an endless state of grieving while also trying to satisfy this impulse to like show progress, like how are you showing progress when the site is still burning thousands of degrees.
- 18:02So no matter what happened, you know, it was destined to fill, but I had a really important senior role there.
- 18:07And the oftentimes in a government context, people that don't know this, the person who does PR is a policymaker as well because it's not like government makes.
- 18:17It's not like they make products where like the Chief Revenue Officer is really the, the C F O has got a lot of power, right?
- 18:23It's not a typical company and a government agency.
- 18:25The communicator is almost on par with the executive, you know, or right below, because if they're not translating it to the public, That's the people who rehire you, right?
- 18:35Like so, so as a result you're a lot sen more senior.
- 18:38And I remember there was a moment in time I had been doing the job at the Lower Manhattan Development Corporation and, and then I was ready to like move on.
- 18:45I had spent every minute at ground zero and I had a big job offering.
- 18:48and I wanted for the first time in my life to have the, the role that I was playing substantively to be reco recognized formally in my job title.
- 18:55Cuz I knew that if I didn't transition from being a press person, people would owe who didn't know better would be like you were just the press guy.
- 19:01You know?
- 19:01And people are very dismissive of that role.
- 19:04So I, I, I made a deal.
- 19:05I was like, I want my authority to be formally recognized and, uh, I wanna be chief operating officer of the agency in charge of rebuilding lower.
- 19:13And that was the job I got.
- 19:14So, staying with the theme that we're talking about, about more broadly, defining who you are at a moment in time and identifying your leverageable assets, like overseeing, helping to oversee the redevelopment of the World Trade Center site.
- 19:26You could define that as, I was a government employee.
- 19:28I was a government employee in a redevelopment land use context, right.
- 19:32I was a, an employee, you know.
- 19:33Or I was somebody who knows how to manage really complicated projects and, and multiple constituencies, and that's how I chose to define it.
- 19:40You have to be intentional with your career at all times.
- 19:43You really do.
- 19:44It doesn't mean that you have to have it all figured out, and I, I've said it before, really believe you just need to be moving in the general direction of your ambition.
- 19:51But you have to define what that ambition is, and then you have to be intentional about the timing, you know, and l and, and, and just like allow yourself to trust your instincts that it's sort of time to go.
- 20:01So my instincts told me that if I, if I, that this was a leverageable moment, that I could get a title that truly reflected what I was doing, and that title change made a massive difference in my life.
- 20:12Matt and I will
- 20:13Adam Outland: continue our discussion in episode 416 of the Action Catalyst available now.
- 20:19So join us there to keep listening and don't forget to follow the Action Catalyst wherever you listen to podcasts, to get new episodes, bonus episodes, and more the minute they drop.