Self-made millionaire dismisses Gen Z job market complaints, says AI era is easiest time to build wealth
Timothy Armoo, who sold his influencer marketing firm for eight figures at 27, says AI and social media have made it easier than ever to start a business. He criticizes unemployed Gen Zers for making excuses and has launched a $6.7 million fund to back AI startups by minority founders. Armoo started his first business at 14 and believes the current era offers unprecedented wealth-creation opportunities.
Armoo’s path began in Ghana before returning to a London council estate, where he launched a tutoring service at 14 that grew to 65 tutors in six weeks. By 17, he had sold a publication, and later founded Fanbytes, an influencer agency acquired by Brainlabs in 2022 for eight figures. His new Legon Fund commits £5 million to AI startups led by minority founders, aiming to remove capital barriers. He argues that free tools like ChatGPT and social media distribution make starting a business nearly costless, contrasting with past needs for physical storefronts and paid advertising.
This story could reinforce generational divides, as Armoo’s success story may inspire some young people to pursue entrepreneurship, while others might see it as dismissive of systemic hurdles like student debt or lack of networks. The fund’s focus on minority founders may help address some gaps, but broader economic conditions—such as slowed entry-level hiring—still shape how feasible self-employment feels. The impact likely varies by individual access to time, skills, and startup capital.