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

Guest: Tim Milazzo - Founder, Salt and Wisdom Consulting

Tim 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 development
• Revenue ≠ profit - cash flow management is critical
• VCs want traction, not ideas (unless you're a proven founder)
• Identity in Christ > identity in success
• The grind isn't worth sacrificing family
• Never slow down a solid acquisition offer to "shop around"
• Build an advisory squad - balance visionaries with executors

Connect with Tim:

• Website: saltandwisdom.com
• Email: tim@saltandwisdom.com
• LinkedIn: Active