From Layoff to Launch: How Losing My Job Led Me to Start My First Business
Craig Swerdloff
Helping brands reach new audiences through email newsletter sponsorships | Wellput.io [email protected]
Apologies for the gap since my last newsletter—it’s been a month! I recently had the incredible opportunity to travel to Chile with Dahlia, who, as a travel planner, took us to incredible hotels and on amazing adventures. I was happy to tag along as her “secretary” (a role I’m happy to play when she’s in charge) and enjoy the ride as her plus one.
DM me if you want more information about Santiago, Patagonia, Torres Del Paine, or Chiloé Island in Chile.
Now, back to the story.
I stumbled into the greatest career one could ever ask for in 1996. The Web was new, and the question of how entrepreneurs could monetize it was very much on everyone's mind. The online advertising industry was born, and I happened to be young, cocky, in NYC, and willing to work for nearly free.
My first real job was signing publishers up for the Cliqnow! ad Network, which later became 24/7 Media. We grew from dozens of employees to thousands, with offices around the world. I was a paper millionaire at 24, and I believed that with my incredible talent, hard work, and ambition, my career was only going up!
When I got laid off in 2002, I had more questions than answers. How could this happen to me? Don’t they know who I am!?
Getting laid off hit hard. There’s a certain shock that comes with that sudden shift, a wake-up call that maybe I wasn’t quite the unmissable talent I’d thought I was. If you’ve been there, you know: it’s humbling. And, truthfully, it was one of the best things that could have happened.
I had a moment of clarity in that uncertain space. I realized that if I was going to bet on anyone, it had to be myself. The very next day, I sat down, gathered my thoughts, and started my first business. It wasn’t a fully formed idea yet—more of a rough vision powered by pure necessity and adrenaline. But I dove in, learned as I went, and leaned into the process.
Reflecting on that journey, I learned three key things I’d never have grasped otherwise:
For anyone else facing a professional setback: take it as an opportunity. Sometimes, losing your footing is the only way to find your path.
Amazing story and wishing you all the best Craig!
Managing Director, Global Digital Innovation & Operations at Time Out Group plc
2 周Excellent post Craig. Thank you.
Digital Media Optimizer
2 周I knew you when. You were always very resourceful, enthusiastic and determined. It’s very impressive, but your successes did not surprise me. Mazel.
Access Real Estate Deals Designed to Produce Consistent Passive Cash Flow Using my Proprietary Residual Revenue? Strategy | Founder of Bell Acquisitions | Real Estate Investor | Fund Manager
2 周Love the transparency that there is definitely a difference from paper wealth vs real liquidity. Glad you enjoyed your trip!
Manager, Procurement
2 周I've been contemplating a self directed journey for quite some time. I'd love to sit and chat with you in detail about your approach and lessons learned!