2min chapter

Deep Dive with Ali Abdaal  cover image

From Council Estate To Selling A Global Business For Millions At 27 - Timothy Armoo Founder of Fanbytes

Deep Dive with Ali Abdaal

CHAPTER

What Are the Growth Patterns of Fan Bits?

First year we made a loss. How? Because we were just stupid at spending money. So with brands, we like overspend. We wouldn't take any real margin on it because we knew the value of the case studies. A brand would pay you, let's say 50k. And what are you doing with that 5k? Are you putting into ads or hiring an influencer? Like what was your thing? Yeah. Um, through the grand scheme of business, we raised 2 million for the business. But our whole thing was like, we just wanted to get really good case studies.

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