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first exit at 21, next goal is $10 billion ~ Moritz Lechner
Moritz Lechner started his first company at 14 with 100 euros of pocket money. At 15, he pitched on Austria's version of Shark Tank and raised €170,000. At 21, he sold the company he built to 50 people and millions in revenue. He is now 22 and already planning the next one.
What could possibly go wrong along the way? A lot, actually.
The subscription box business that never quite took off. A product launch where they spent a fortune, did the full campaign, and then, well, nobody cared. The overnight shift from three people to 50 and having absolutely no idea how to manage that. And trying to run a real business while your voice hadn't broken yet and clients kept calling you Mrs. Lechner.
We get into 👇:
★ Starting with €100 and a self built website at 14
★ Pitching on 2 Minuten 2 Millionen at 15 and tripling the business overnight from TV coverage
★ Why the subscription box model hit a ceiling and how they spotted the pivot early
★ Managing 50 people at 19 with zero experience of ever being an employee
★ The structured M&A process that led to the exit and the closing party that went until 7am
★ Why he thinks the next company has to be a $10 billion generational company
Let's keep the crew together 🤝
📸 Instagram: https://www.instagram.com/fayltales/
🎵 TikTok: https://www.tiktok.com/@fayltales
💼 LinkedIn: https://au.linkedin.com/in/loveth-ochayi-a67491152
On the move? 🎧
Spotify: https://open.spotify.com/show/64449Kq2PDzlkVyCjlN5U8
Apple Podcasts: https://podcasts.apple.com/au/podcast/fayl-tales/id1797274868
Follow us on all platforms!
Instagram ~ @fayltales
Tiktok ~ @fayltales
LinkedIn ~ @fayltales
View all episodes
By Loveth OchayiMoritz Lechner started his first company at 14 with 100 euros of pocket money. At 15, he pitched on Austria's version of Shark Tank and raised €170,000. At 21, he sold the company he built to 50 people and millions in revenue. He is now 22 and already planning the next one.
What could possibly go wrong along the way? A lot, actually.
The subscription box business that never quite took off. A product launch where they spent a fortune, did the full campaign, and then, well, nobody cared. The overnight shift from three people to 50 and having absolutely no idea how to manage that. And trying to run a real business while your voice hadn't broken yet and clients kept calling you Mrs. Lechner.
We get into 👇:
★ Starting with €100 and a self built website at 14
★ Pitching on 2 Minuten 2 Millionen at 15 and tripling the business overnight from TV coverage
★ Why the subscription box model hit a ceiling and how they spotted the pivot early
★ Managing 50 people at 19 with zero experience of ever being an employee
★ The structured M&A process that led to the exit and the closing party that went until 7am
★ Why he thinks the next company has to be a $10 billion generational company
Let's keep the crew together 🤝
📸 Instagram: https://www.instagram.com/fayltales/
🎵 TikTok: https://www.tiktok.com/@fayltales
💼 LinkedIn: https://au.linkedin.com/in/loveth-ochayi-a67491152
On the move? 🎧
Spotify: https://open.spotify.com/show/64449Kq2PDzlkVyCjlN5U8
Apple Podcasts: https://podcasts.apple.com/au/podcast/fayl-tales/id1797274868
Follow us on all platforms!
Instagram ~ @fayltales
Tiktok ~ @fayltales
LinkedIn ~ @fayltales