Tim Milazzo Shares How He Turned Down an 8-Figure Offer, Then Lost Everything.

JAN 16, 202632 MIN
Nice To Meet You | Behind The Scene Stories of Busy Professionals

Tim Milazzo Shares How He Turned Down an 8-Figure Offer, Then Lost Everything.

JAN 16, 202632 MIN

Description

Guest: Tim Milazzo - Founder, Salt and Wisdom ConsultingTim Milazzo shares his 8-year startup journey from Inc 5000 (#777) to losing everything. He raised $3.5M, grew revenue from $1M to $7M, turned down an 8-figure acquisition offer, and ultimately exited for nothing. Now he's writing "How Not to Founder" and sharing hard-won lessons about entrepreneurship, faith, and family.Key Takeaways:Sell your idea before you build it - customer validation beats product developmentRevenue ≠ profit - cash flow management is criticalVCs want traction, not ideas (unless you're a proven founder)Identity in Christ > identity in successThe grind isn't worth sacrificing familyNever slow down a solid acquisition offer to "shop around"Build an advisory squad - balance visionaries with executorsConnect with Tim:Website: saltandwisdom.comEmail: [email protected]: Active