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Garren Hilow

Founder of Hilow Consulting. I sold my business for $190M, now I’m sharing how I did it.

Garren Hilow, a successful entrepreneur and business coach, embarked on his entrepreneurial journey at the age of 19 with a vision to achieve significant wealth through founding a company.

By the age of 25, he co-founded Abveris, a renowned antibody discovery service company, which he later sold to Twist Bioscience for $190M in stock by the age of 33.

Despite facing challenges like collateralizing his house to buy out his co-founder, Garren demonstrated resilience and learned valuable lessons through his experiences in running businesses.

After his successful business ventures, Garren transitioned into consulting, assisting over 100 business owners in various industries with their challenges.

Drawing from his journey, Garren is now authoring a book to share his insights and inspire others to pursue entrepreneurship as a means to generate wealth and attain financial goals while maintaining a work-life balance.

Garren's educational background includes a Bachelor of Science in Managerial Economics, Marketing of High Tech Products, and Finance from Bentley University.

His professional experience encompasses roles such as Chief Business Officer at Abveris, Director of Business Development at Twist Bioscience, and various managerial positions in sales and marketing in biotech and related industries.

Garren's mission is to mentor the next generation of entrepreneurs, guiding them to succeed in launching, operating, and eventually selling their businesses, thus enabling a fulfilling lifestyle and intergenerational wealth creation.

Highlights

Aug 28 · linkedin

All GREAT salespeople and business owners know this:

Avoiding bad deals is as crucial as finding good ones.

Bad deals kill companies.

▶ They waste resources

▶ They tarnish your reputation

▶ They can even get you sued

As a salesperson, it's crucial to only do good deals for your company.

But how do you know if a deal is “good”?

Here’s the heuristic that has generally worked for me:

I ask myself: “Would I do 10 of these deals?”

If the answer is yes, it's probably a good deal. If not, don’t justify a bad deal as a one-off, walk away.

Now let me tell you, it is not easy.

You can get tunnel vision and convince yourself you have a good deal.

But just remember — the salespeople with the biggest paychecks don’t let their emotions get in the way.

And if you still aren’t sure whether it’s a good deal, ask yourself:

“If the details of this deal became public, would we look good?”

A deal can make or break a company, especially if it's big.

Make sure you’re asking the right questions.

Aug 26 · linkedin

How to start a successful business:

(1) Write out your goals — why do you want to start a business? Identify what your business would unlock for you:

--- A) Personally --- B) Financially --- C) Other areas

(2) Find a problem that people want solved

(3) Research the current solutions to that problem

(4) Think of another solution that is either:

--- A) Better --- B) Faster --- C) Cheaper

Than existing solutions (ideally not cheaper, aim for better or faster)

(5) Find and interview 20+ potential buyers to:

--- A) Understand their problem fully --- B) Get feedback on your proposed solution --- C) Gauge what they'd pay for it --- D) Determine what an MVP could look like

(6) Integrate their feedback and lay out a proper business plan + Find ways to reduce your costs

(7) Launch the legal entity (takes 10 mins online or can get a lawyer’s help)

(8) If you need to raise money, raise the MINIMUM possible amount (ideally none)

(9) Start hunting for beta customers (likely from your interview pool)

(10) Build out your MVP — a version of your product/service with just enough features to be usable by beta (early) customers

(11) Start generating revenue from beta customers — TWO ways to do this:

--- A) Offer them a major discount or charge enough to cover your costs --- B) Charge them 50% upfront and 50% when you deliver “xyz”

And there you go! You now own a business that is set up for success.

Too many people think about starting a business in the wrong order. They think they need a killer idea and the perfect technology before they even start looking for customers.

But that’s not how it works. It all starts with identifying a problem and understanding how the market would like it solved.

Then, you need to go out and find the most effective and cost-efficient method to get that done.

Garren Hilow
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Location

Greater Boston