408: Matt Malone—From the Ground Up
The Way I Heard It with Mike Rowe
The Way I Heard It with Mike Rowe
4.8 • 39.1K Ratings
🗓️ 8 October 2024
⏱️ 87 minutes
🧾️ Download transcript
Summary
Matt Malone is the CEO of Groundworks, one of the largest foundation repair and waterproofing companies in the United States. He’s also a self-described capitalist, but he practices a new version of the economic system, one that recently had him turn 5,500 Groundworks employees into part owners of the company.
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Transcript
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| 0:00.0 | Mike Rowe here with another episode of The Way I heard it. Chuck, do you have any idea what |
| 0:08.0 | number this might be or do we even care anymore? Yeah, I do. I mean, the number is going to be 408. |
| 0:14.7 | 408? Yes. Not that it matters, but I tell you what does matter. My guest, his name is Matt |
| 0:20.2 | Malone. You're going to love him. The matter. My guest, his name is Matt Malone. |
| 0:21.7 | You're going to love him. |
| 0:29.5 | The episode is called From the Ground Up, because Matt Malone happens to be the CEO of a company that you might have heard of called Groundworks. |
| 0:31.3 | Yes, Chuck, full disclosure. |
| 0:34.0 | Groundworks is a sponsor of this podcast. And you, like many of our gentle yet marginally skeptical listeners are no doubt |
| 0:39.7 | wondering, why would I have a CEO of a company that sponsors this podcast on the actual podcast? |
| 0:47.3 | Mike, why would you have a CEO from a sponsor of this podcast on this podcast. |
| 0:55.0 | Because I'm hopelessly biased, obviously. |
| 0:57.4 | I'm bought and paid for it, Chuck. |
| 0:58.6 | I sold out many years ago. |
| 1:00.4 | No, that's not true. |
| 1:01.0 | Well, it's not entirely true. |
| 1:03.5 | Here's what happened. |
| 1:04.8 | About a year and a half ago, maybe two years, I was invited to give a speech for a company |
| 1:09.5 | that I was not familiar with. |
| 1:10.6 | This company was called Groundworks, company that I was not familiar with. |
| 1:15.3 | This company was called Groundworks, and the speech was in Virginia Beach where they're headquartered. And this guy Matt Malone called and said, look, this is a big deal for my company. |
| 1:21.5 | I've got 5,400 employees who do the classic dirty jobs. And I said, what are you talking about? He goes, like, |
| 1:29.3 | these guys, they waterproof homes, they lift homes, they fix foundations, they encapsulate crawl spaces. |
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