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Did I regret selling my company at 23?

Name: Did I regret selling my company at 23?
Uploaded: 2023-06-20T00:10:08+00:00
Duration: 40 s
Channel: David Molina
Description: In this candid monologue, the speaker reflects on selling his company for a seven‑figure sum at age 23 and explains why he does not regret the decision…

20 Jun 2023 · 1 min

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In this candid monologue, the speaker reflects on selling his company for a seven‑figure sum at age 23 and explains why he does not regret the decision. He cites two primary reasons: first, his heart wasn’t fully in the business and he recognized that the skill set required to grow a company from $1 M to $10 M is fundamentally different from what he possessed at the time, making the sale a logical step; second, he desired personal freedom and autonomy, preferring to build his own ventures rather than stay on as a founder under new ownership. He notes that his co‑founders, Tivo and Thomas, remained with the company, underscoring his choice to pursue independent projects.

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I sold my company for 7 figures at 23. Do I regret it? No, for a couple reasons. One was my heart wasn't really in it, and the reason why we took the deal was personally, I believe that the entrepreneur that you need to become to reach $1 million a year is very different from the entrepreneur you need to become to reach $10 million a year. And I didn't understand that process. It was a skill set I didn't have. I wasn't ready for it. So to me, it made sense. Two, I didn't want to do that. So Tivo and Thomas stayed in the company. I don't want that. I want to do my own thing. I build my own business. I want to be this guy that does things that he wants to do. Like, I want to be my own thing. I don't want to work for somebody. So I wanted that freedom.