83: From Bankruptcy to $20M Exit With Tim Fargo of Tweet Jukebox

 ·  17 Mar  ·  2 Comments
Tim Fargo

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It’s not easy to admit when you’re wrong, but you’ll rarely find a better time than when you’re filing for personal bankruptcy.

That’s what Tim Fargo of Tweet Jukebox had to do when he was a young man in 1991 and found himself a little too in over his head. But today he’s the founder of one of the most exciting and innovative social media automation engines in the world, right after selling his previous company for $20 million.

So how does someone go from bankruptcy to $20 million?

Well you do it by paying attention and learning from your mistakes, which is exactly why Tim is where he is today. He’s experienced both the lowest and highest points any entrepreneur can go through and he’s walked away a better businessman and all the wiser for it.

We’re very lucky to share with you today this episode of the Foundr podcast, in which he talks openly about the lessons he’s learned throughout his career and all the different pitfalls and traps you need to avoid.

If you ever wanted to learn from someone with over 25 years of highs and lows in the world of entrepreneurship, you don’t want to miss this one.

In this interview you will learn:

What it's like to file for bankruptcy and how to recover from it

The do's and dont's of cash flow management

How to keep yourself in check and on the right track when starting a business

The key steps to growing your business rapidly

What you can learn from going broke

& much more!

This podcast episode was brought to you by FreshBooks.

When it comes to finding the perfect service to help you manage and track your invoices, time and expenses then you can’t go past FreshBooks. Designed for the small businesses and entrepreneurs who don’t need full-blown double-entry programming but still want to keep their finances in check, you can’t go back once you start using it!

Better yet, FreshBooks is offering a month of unrestricted use to all of Foundr listeners ­ totally free right now and you don’t need a credit card for the trial!

To claim your free month, go to FreshBooks.com/FoundrMag and enter FoundrMag in the “How Did You Hear About Us?” section to get started today!

Nathan Chan

Nathan Chan is the Publisher and Editor of Foundr magazine. He is an avid table tennis player and a lover of everything entrepreneurship.

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  • http://www.bloggingfromparadise.com/ Ryan Biddulph

    Hi Nathan,

    How cool! My friend Yann Ilunga noted how he wrote for Foundr Mag. I clicked through. Notice Tim as he’s been popping up in my Twitter stream and see his inspired story. Also way cool seeing Gary Vee and Yaro on the front page. I follow them both.

    I have been down Tim’s road in more than a few areas. For me, twas about letting go what was not fun to do for what I had fun doing. I’d already been traveling the world but had to trash 3400 blog posts, my old blog and brand before I could create Blogging from Paradise. Ya can’t sprint forward if wearing a 50 pound weighted vest. That’s how I see it.

    Thanks for sharing Nathan!


    • http://foundrmag.com/ Nathan Chan

      Great to hear from you @ryanbiddulph:disqus – Yann is a superstar! Spot on my man! You absolutely cannot move forward if you have a 50 pound weighted vest!