Timothy Armoo sold his influencer marketing firm Fanbytes in 2022. Tim Armoo. Timothy Armoo became a multi-millionaire after selling his influencer marketing firm for an eight-figure sum when he was 27 years old, but he says that being extraordinary is no easy feat. Armoo, the co-founder and former CEO of Fanbytes, grew up in a … Read more
It’s also true that when one of those groundbreaking companies matures and faces challenges, a founder has a unique ability to make bold moves and stick to the original vision when others urge a less risky course. There are certainly cases where companies struggled when founders were replaced by managers. Remember Yahoo? And of course … Read more
He may not have known it at the time, but in 2005 Sam Altman took a risk that changed the trajectory of his career. That’s when Altman dropped out of Stanford to build Loopt, a location-based social networking app — the first of his projects before co-founding OpenAI, the game-changing artificial intelligence company behind ChatGPT. … Read more
Girl using mobile phone against colored background Klaus Vedfelt | Digitalvision | Getty Images Gen Z is increasingly proving to be the entrepreneurial generation, with the majority wanting to set up their own business — but one expert warns it might not be as straightforward as they think. Some 75% of Gen Z — the … Read more
What do you mean by that? Because your insurance company, whoever it may be, uses a PBM, a pharmacy benefit manager. The PBM has negotiated with a pharmacy what the reimbursement rate is. Except they basically said, “Here’s what we’re going to reimburse you.” [His Apple Watch buzzes.] You can go ahead and check that. … Read more
Timothy Armoo, co-founder and former CEO of Fanbytes. Timothy Armoo Timothy Armoo is a 29-year-old millionaire who became rich by selling his influencer marketing firm for eight-figures, but the young, Black entrepreneur had to beat the odds to find success. Armoo, the co-founder and former CEO of Fanbytes, hails from what was one of the … Read more
Nischa Shah was an investment banker for a decade, before becoming a full-time content creator. Nischa Shah Personal finance YouTuber Nischa Shah quit her six-figure investment banking job to become a full-time content creator — and it was a gamble that paid off. After working in banking for a decade, Shah became an associate director … Read more
Shawn Tsao, co-founder of food-delivery app Caviar. It may not be easy to build a successful business from scratch — but it’s proven to be possible. Throughout my time working at CNBC, I’ve chatted with different entrepreneurs, from people who started successful side hustles to the founders of global unicorn companies. Ultimately, I’ve found that it … Read more
In college, Edward Tirtanata had a brewing love for coffee, so much so that he’d order “one huge cup” every day from either Dunkin’ Donuts or 7-Eleven. Today, the 35-year-old CEO and co-founder of venture-backed unicorn coffee company Kopi Kenangan, still has his cup of joe daily — except that he’s upgraded it to three … Read more
There was nothing funny about the way Jeff Lawson left Twilio, the startup he cofounded in 2008 and built into a multibillion-dollar public company enabling businesses to communicate with customers via text messages and phone calls. Activist investors had been pushing for management changes and even a sell-off, and Lawson resigned from his CEO post … Read more
