The $100 Million Man: An Interview with David Hauser

The $100 Million Man

What’s it like to be rich?

Not just kinda rich… but really, really rich.

Today, I interview David Hauser, a co-founder of Grasshopper and angel investor in Intercom, Unbounce, and more.

In 2015, David sold Grasshopper for around $200 million.

He only had one other co-founder, and didn’t take investments — so he made a LOT of money.

Some people might think it’s taboo to talk about money…

But I wanted to go behind-the-scenes on what it’s like to sell a startup and make money most people only dream about. (Hint: It isn’t as glamorous as you think.)

In today’s conversation, you’ll learn 3 key things:

  1. What life is like when you sell a company for $200 million
  2. Why more money means LESS happiness
  3. The quickest way to generate wealth

And a lot more.

Stuff we talk about:

  • Chargify. David founded this company, and got an investment from Mark Cuban.
  • Grasshopper. David’s company he sold to almost $200 million.
  • 3 investments I’ve done: Teachable, Huckberry, Buffer. Had these investments for about 5 years.
  • Uber. According to Dave, people have made their entire career from this investment.
  • Chartable. Podcast analytics and tracking that I use.
  • Rich People Book. The book I wrote after learning where the ultra-wealthy (8-figures and above) put their money.
  • Bandito. Restaurant that David invested in that he doesn’t think will get a great return.

Enjoy.

Leave a comment below and let me know what’s the #1 rich person thing that stuck out to you.

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11 responses to “The $100 Million Man”

Sarah T.
February 26, 2019 at 12:06 pm

I worked for these guys at Grasshopper. And although you can't deny their success, they made a lot of mistakes (my opinion). David's business partner was this diminutive, sullen, bitter creep with a huge Napoleon complex and he made the Grasshopper staff miserbale. Both partners had excruciatingly bad people skills. The positive side? If those two can build and sell a company for $200M (hugely overpriced then and now - how shortsighted the new owners were!), then YOU (the reader/listener of this podcast) can do it, too.

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JB
June 12, 2019 at 10:25 am

Freaking love this comment!!

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Eugene
February 16, 2019 at 1:13 am

Where can we buy the "Rich People Book" that you've mentioned? Can't seem to find it on the internet.

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david kelly
February 18, 2019 at 6:24 pm

Hi, Eugene — David here from Team Dork. ?

Check out https://okdork.com/richpeople/ for details on how to buy. We're only doing 100 copies, so it is limited.

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Christine Chang
February 15, 2019 at 6:12 pm

This is a great interview - I like your voice and casual talking style. Like David said, I also have a story about having too much money = unhappiness which is a limiting belief, but I also know some really rich people who seem to be very happy. I listened to the 1st half. Will finish later when I get back from yoga class. Keep it up!

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Jerret
February 15, 2019 at 2:43 pm

I could totally live in an RV and shower at the gym.

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Pablo
February 15, 2019 at 12:49 pm

Is awesome to hear own made millionaire people. So humble, direct and "human". They know what it is to be in the trenches. Thanks a lot Noah.

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chris chytil
February 14, 2019 at 6:31 pm

interested where the rich put their money

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Darren Davis
February 14, 2019 at 10:33 am

I think this conversation is so interesting. I'm running an agency. Does pretty well but nothing I can take tons of cash to invest, but I'm wanting to get to that point *this year*! 🙂

I have a friend (ppcian.com) who is all about investing for dividends. What do you think about that, Noah?

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Rajive
February 14, 2019 at 9:25 pm

Don't mean to step into Noah's response. But here's a thought.

- Dividend yields are usually 1.5-4%.
- The ability to pay a dividend at any rate should only be if the payout cannot be retained at a high rate of growth within the company.
- Unfortunately, many companies distribute higher dividends without regard to the above or to jack up yields and hence their market share prices. This can lead to dilutions later on.
- Besides, company value should increase for your shares to rise too. Which comes down to business model, growth, financial efficiencies etc.

So, dividend investing is not a sole strategy per se but can be a safe one for mature well known dividend paying firms in no danger whatsoever of slashing it nor going out of business.

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Clark
February 14, 2019 at 9:13 am

This episode was dope. I don't think David's wealth and frugal habits are a coincidence. He has the best long-term family wealth distribution plan I've ever heard!

Reply