Rashi Mehta
Timothy Armoo, a self made millionaire businessman, a London- based entrepreneur graced business magazines all before even hitting 30 years of age. He is known for having some amazingly successful business ideas.
How did Timothy Armoo succeed?
Timothy Armoo is a pioneer in the world of influencer marketing and brand building, and was a founding CEO of the Fanbytes. The company was so successful that it was sold for an eight-figure sum to the global agency Brainlabs.
Armoo got his first taste of entrepreneurialism at just the age of 14 when he started his journey with tutoring services to his fellow students and eventually with his dedication and passion he grew the company to 65 tutors in just six weeks.
Moreover, by the age of 17, he already had an acquisition under his belt, with the sale of his publication Entrepreneur Express to Horizon Media, as well as experiencing the sting of multiple failed ventures. Then, when most of the university students were busy enjoying their life, Armoo spent his second year of university studying computer science and founded Fanbytes, in 2017 and it is his most successful venture till date.
Where did Armoo raise money from?
Armoo started and sold his first business at the age of 17 and when at the of 21 he founded Fanbytes he joined Founders Factory to build the company before selling it to Brainlabs in 2022.
Now, Timothy needed some great investment to grow his burgeoning business and he secured funding from a number of the best angel investors like Beauhurst’s Toby Austin, Charles Tyrwhitt’s Nicholas Wheeler, Privitar’s John Taysom and Nigel Morris. He has now sufficient investment and started angel investing with ticket size of £25k-50 k.
A piece of advice by Armoo
When Armoo was asked what personal finance advice he gave to his 20 year old self, he said honing skills should be the main priority.
The amount of money you make is directly proportional to the skills that you have.
So if you want to make a lot of money then improve your money-earning skills. This could be things like marketing, sales, or team management.
Ideally you have skills that can be used to solve big problems because the more problems you can solve, the more money you make.
GIPHY App Key not set. Please check settings