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Capitalism.com with Ryan Daniel Moran

$4m Exit At 21 Years Old: How To Start A Business As A Teenager #TheOnePercent

Capitalism.com with Ryan Daniel Moran

Capitalism.com

Business, Entrepreneurship

4.8802 Ratings

🗓️ 18 November 2019

⏱️ 31 minutes

🧾️ Download transcript

Summary

Today, Ryan interviews Jeremiah Lee Klingman who did his workshop at 17 years of age and had a multi-million dollar exit at 20… The story gets really interesting after money show up.

 

Are you at the start your entrepreneurial journey or looking for an exit? This episode has you covered in both cases! Tune in for a showcase on the two sides of the entrepreneurial coin: how to start your business, and what to do once the money shows up.

 

Mentioned in this episode

 

Capitalism.com/Start

Capitalism.com/Exit

Tribe Fitness

Roam

Transcript

Click on a timestamp to play from that location

0:00.0

Email from the attorney saying, all right, the money's wired, and I'm like, refreshing my bank account.

0:04.0

Right, classic, just refresh, refresh, refresh, refresh.

0:07.0

And then it was like, oh, there it is.

0:09.8

And it's like this weird, surreal moment.

0:12.3

And I felt nothing.

0:15.7

I was like, oh, nothing's changed.

0:21.6

It takes one free person to create change.

0:25.6

This is the show for them.

0:27.6

We are the creators of the free world.

0:30.6

This is Capitalism.com and we are the 1%.

0:39.4

Oh, hey, capitalists.

0:41.3

Oh, man, this is going to be fun.

0:47.9

A few years ago, I met this young man who was 17 or 18 years old at the time. He came to a workshop that I was holding.

0:51.7

And it was about growing your business to seven figures and beyond.

0:56.0

And he had a little business at the time and he and his partner, you know, they were like 19 and 17 years old.

1:02.0

They took some of what they learned and they applied it to their business and a couple years later,

1:08.0

they each made a few million bucks when they sold the company.

1:12.6

So they applied some of the things that they learned both here on the show and also from our

1:18.6

conversations in person into their business that rapidly grew their business.

1:22.8

And they had this huge exit.

1:24.6

But what's really interesting about this story is when you give a 19 or a 20 year

1:29.6

old kid a few million bucks, what happens? Do they get really wise? Do they party it away? Do they

...

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