Why I Turned Down Millions and Dismantled My Company After 10 years of growing his business, an entrepreneur decides to let it all go.
By Matt Cimaglia •
This story appears in the July 2017 issue of Entrepreneur. Subscribe »
When I graduated college in 2002, I knew I didn't want to work for anyone else. So I founded a video production company called Cimaglia Productions. Did I go to business school? No. But I loved making videos, so I went on a campaign to impress every client I could -- and, I suspect, won my first contracts by underbidding bigger agencies. Hey, I was just a kid with a camera.
Related: 4 Entrepreneurial Lessons Every Graduate Should Know
The next 10 years were about growth. I worked with major clients like Mercedes-Benz and Lavazza Coffee, and I created the first-ever high-definition segments for NBC's Dateline. I said yes to basically every job and hired dozens of full-time cinematographers, editors and producers. I doubled my company's size every year for five consecutive years, and I leased an office in Chicago's bustling downtown.
