025: Matthew Gallagher | Creating and Supporting A Watch Lover Community and Giving Back Regardless of Profitability

Matthew Gallagher is the founder and CEO of the world’s largest watch club, Watch Gang, a community of watch-lovers that has grown to over 20,000 in under two years. Gallagher has built the company from the ground up reaching revenues of over $16 million in 16 months. Before that, Gallagher spent his time as a software engineer working for clients such as NBC, Nike, and, Johnson & Johnson. He also built an LA-based advertising agency, which grew to over $10 million in sales.

[07:43 - 14:32] How to Scale a Watch Business: Advice from the Founder of a 30,000 Subscriber Ecosystem

Matthew shares t the stress of building a business while driving it down the highway.
how he would pump the brakes and go slower if he were to do it again.
he built a loyal customer base by giving away watches and supporting them.

[14:32 - 21:35] Matthew shares How he was able to give Six Rolexes to Six Customers with their first initials

He talks about one moment when he was live on camera doing a Rolex giveaway
Matthew is supposed to give only 1 Rolex to a single winner drawn with an initial of “ND”
However, there were six people that shared the same initials
Not wanting other customers to be disappointed he decided to give all 6 Rolex watches.
How philanthropy is something that is important to the author because of their background, and how they try to help others in similar situations.

[21:36 - 28:10] Charitable Mindset Inspires Business Leader to Scale

When Matthew started making some money, he would start with little things like filling up parking meters to help others.
He saw his dad doing this too and it resonated with him.
He tries to partner with different charities and teach his kids to give.
He went to Houston after Hurricane Harvey and helped clean up people's flooded homes.
After that experience, he was more motivated to scale his business.

[28:10 - 34:50] Matthew Story of Giving: How $100 Gave a Homeless Man Hope

Grails for Good is a charitable sweepstake where Omega's Rolex watches are donated to a chosen charity.
Grails for Good has raised $10,000 for My Friend's Place in the past.
Matthew shares his story of giving $100 to two delivery guys last week and how they responded emotionally. One cried and the other was grateful.

[43:02 - 1:04:41] Closing Segment

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Final words

Tweetable Quotes:

“Most businesses do it because it's a write-off on their taxes. They get to discount their profit by giving, and then it's like a win-win. We give every year regardless of profitability” - Matthew Gallagher

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IG handles: @watchgang, @mattomic

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