Timothy Armoo on How He Built and Sold His Business for 8 Figures

What can I say about today’s guest? He started life in London before being sent to live with his grandmother in Ghana at a just a few months old. He was a young boy when he returned to live on a London council estate with his father and it was then that he said he realised that they were poor but that also his life thus far had not been down to his own doing. That he had found himself in these circumstances but he could also get himself out of them.

"At 19 years old, I said, I'm going to start this business, and in five years I'm going to sell it for tens of millions... and I did exactly that."

Today’s guest is Timothy Armoo, co-founder and CEO of Fanbytes – a tech powered social media and influencer marketing agency which helps massive brands reach Gen Z on social media and which was recently acquired by Brainlabs for a reported 8 figure deal.

Timo’s story is one of grit, resilience and an incredible entrepreneurial spirit which saw him start his first business at 14 and sold his second at 17 for six figures. He then went on to start Fanbytes when he was studying for a degree in Computer Science and with co-founders Ambrose Cooke and Mitchell Fasanya, grew Fanbytes into a multi-million-pound company.

Last year Fanbytes started a Fanbytes Impact Fund which is £250,000 fund dedicated to addressing the pay gap between black and non-black influencers which also provides funding and agency expertise to black-owned businesses. In its first year, the fund supported 14 black-owned businesses and more than 85 black creators which is incredible and a testament to what these three founders are building in the long run.

In this interview, Timo talks us through how he did it – from working out where the industry was going to how he strategically built a business with the goal of an exit in mind.

This is a special conversation with an incredible founder.

Enjoy!

Timothy Armoo Twitter / Instagram / Website

Fanbytes website 

Danielle Twitter / Instagram / Newsletter