Lorenzo De Plano
The Startup
Published in
14 min readAug 16, 2019

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Confessions of an Entrepreneur: From $105,000 in debt to selling my company for $16.5 million by 25.

Our story was stereotypical. A group of young people start a business in a garage basement and turn it into a hyper growth story with no funding.

In 2019, I turned 25 and sold one of my companies for a combined value of $16,500,000 in a cash and stock options deal to a publicly traded company. Right before we sold we had just reached $2 million in monthly revenue and we were netting roughly 40% of that in profit. At the point of sale we had not raised any…

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Lorenzo De Plano
The Startup

Just an entrepreneur and investor looking to share some ideas