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Tim Fargo

๐Ÿ‘ค Speaker
126 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
He Filed Bankrupt Then Made Millions

No, it was related to, you know, I'd had a sales job before I started this.

SaaS Interviews with CEOs, Startups, Founders
He Filed Bankrupt Then Made Millions

I was running an event marketing company.

SaaS Interviews with CEOs, Startups, Founders
He Filed Bankrupt Then Made Millions

And this is a great cautionary tale for the people that are listening because the business was making money.

SaaS Interviews with CEOs, Startups, Founders
He Filed Bankrupt Then Made Millions

But the problem was I came out of a job where I was making really good money.

SaaS Interviews with CEOs, Startups, Founders
He Filed Bankrupt Then Made Millions

I mean, this is back, you know, like in 1990, 89.

SaaS Interviews with CEOs, Startups, Founders
He Filed Bankrupt Then Made Millions

And so, you know, I'm making like 60 grand because it was a sales job.

SaaS Interviews with CEOs, Startups, Founders
He Filed Bankrupt Then Made Millions

So it was a little up and down.

SaaS Interviews with CEOs, Startups, Founders
He Filed Bankrupt Then Made Millions

But back then that, you know, I mean, even today, it's not bad.

SaaS Interviews with CEOs, Startups, Founders
He Filed Bankrupt Then Made Millions

And, you know, so I started this event marketing company.

SaaS Interviews with CEOs, Startups, Founders
He Filed Bankrupt Then Made Millions

And I mean, you know, if you look at the P&L, I'm in the black.

SaaS Interviews with CEOs, Startups, Founders
He Filed Bankrupt Then Made Millions

But I'm still going out and I'm having a good time and I'm doing things.

SaaS Interviews with CEOs, Startups, Founders
He Filed Bankrupt Then Made Millions

And I'm thinking, you know, it's all going to work out.

SaaS Interviews with CEOs, Startups, Founders
He Filed Bankrupt Then Made Millions

No, it was just ego.

SaaS Interviews with CEOs, Startups, Founders
He Filed Bankrupt Then Made Millions

I mean, look, I can try to paint this thing another way.

SaaS Interviews with CEOs, Startups, Founders
He Filed Bankrupt Then Made Millions

And that's why I think it's a really important lesson because there would be much less shame.

SaaS Interviews with CEOs, Startups, Founders
He Filed Bankrupt Then Made Millions

It's a long time ago, so I don't really care anymore.

SaaS Interviews with CEOs, Startups, Founders
He Filed Bankrupt Then Made Millions

But there would be a lot less shame in what happened if it had been some big, big externality.

SaaS Interviews with CEOs, Startups, Founders
He Filed Bankrupt Then Made Millions

There is the only thing to blame for that bankruptcy is sitting in the chair talking to you right now.

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