Andrew Fashion

Andrew Fashion Interview: $2.5 Million by 21 and Lost It All by 22

by Nick Scheidies and Nick Tart on January 22, 2010 · 39 comments

As a sixth-grader, Andrew Fashion and a pal figured out a way to transform their mechanical pencils into miniature rocket launchers.

Unlike most boys, they weren’t content merely using their invention to annoy teachers and fellow students. Instead, they started a business called Flaming Gold and handed out pieces of paper to their friends, advertizing their goods. It netted them a couple of dollars a day – until their school banned the pencils.

Fast forward to 2005. Andrew had dropped out of high school and was spending his time developing websites online. After months of just scraping by, Andrew hit it big with ad revenue from his website, MySpaceSupport.com. He was pulling in $100,000+ checks every month. But after a few years of living the high life, the money stream from the site dried up and Andrew went from being a millionaire to being in debt.

Today, Andrew is living in Littleton, CO. He’s working hard to launch BeModel.com, a social networking website inspired by his passion for the photography industry. He’s also writing an autobiography that will detail his rise, fall, and resurgence. It is tentatively titled Young & Stupid.

The following is a short excerpt from 50 Interviews: Young Entrepreneurs (Volume 1).

Q: You made 2.5 million dollars over two years. What happened to it?

A: I bought my first car, in cash. I bought my house and had $80,000 dollars of renovations done to it. I ended up buying seven cars total, a few for my friends. One of my friends wrecked a car; I wrecked a car. I paid for that out of pocket. A lot of my money just disappeared.

I had a girlfriend. I lost a lot of money in Vegas. I got into poker. I bought a lot of toys, photography equipment, technology, tons of clothes, and trips to places like London, Florida, and Hawaii. I was young and stupid. The money was coming in so strongly, but it went out just as fast. All of a sudden, my site dropped off of Google and the money just stopped.

This time, instead of blowing money on toys and cars, I am going to invest it back into the company or another company. I will do the typical saving, like 401(k)’s and rainy day funds. But before I even start my retirement account again, I’m going to invest: real estate, stocks, commodities – whatever I can do.

Q: Why are you so sure that BeModel.com will be successful?

A: I’ve done my homework on our number one competitor. This site has been growing at a phenomenal rate. I think they have eight-and-a-half million page views a day. But they’re not monetized properly. I’ve been in the industry for three years. I’ve been watching the ads; I’ve been seeing their page views; I know how loyal their clients are. In their forums, I’ve seen people complaining and looking for new places to go. That’s why I am so sure. I am here to be to them what Facebook was to MySpace. I want to revolutionize things.

Q: Anything else you would like to add?

A: Don’t give up. Carpe diem: seize the day, seize the opportunity. You’ve got to say that every single day. Make sure you never miss a moment and just go for it. Do it. Never give up. As simple as that sounds, that’s really it. Make it happen now, not tomorrow. Tomorrow is a loser’s excuse.

This is an abridged version from Andrew’s interview in our latest project, 50 Interviews: Young Entrepreneurs. Andrew is one of the most fascinating people I’ve ever talked to. He may have lost millions but I guarantee that he’ll make it all back. There’s no doubt. He has a sense of determination like I’ve never seen. If you think this was interesting, you should read the rest of the interview…

Andrew Fashion’s Top Quote

“Make it happen now, not tomorrow. Tomorrow is a loser’s excuse.”

Want even more inspiration?

40 Entrepreneurship Quotes You've Never HeardDon’t miss 39 more inspirational quotes from crazy-young entrepreneurs:
40 Entrepreneurship Quotes You’ve Never Heard >>

{ 23 comments… read them below or add one }

1 Tom | Build That List January 22, 2010 at 4:29 pm

It is so inspiring to see someone get back up and start all over!
.-= Tom | Build That List´s last blog ..Squeeze Page Tutorial =-.

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2 Nick Tart January 23, 2010 at 12:23 pm

Yeah, he’s definitely had his fair share of setbacks. But it’ll only make him stronger. He has an autobiography coming out in June! Stay tuned.

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3 Buntu Redempter July 6, 2010 at 7:58 pm

So, why he is not making any money, while his website is still looking good?

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4 Nick Tart July 7, 2010 at 7:46 pm

Hey again Buntu! When we interviewed Andrew in January, his site was still being developed. He launched it on May 21, 2010 and since he has been raking it in.

Always be curious. As long as you’re curious, you have the capability to learn.

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5 Buntu Redempter July 7, 2010 at 8:08 pm

So, I am a little confused! so, what happened exactly? by the way how can I contact him, I would like to know the process of creating this kind of websites.

6 Nick Tart July 8, 2010 at 5:23 am

Here’s the scoop: Andrew had one site that was pulling in $100K/month in ad revenue. Then he made a small, structural change to it and it fell off of Google. It tanked to a few grand/month.

His new site, beModel.com, just recently went live. He’ll be pulling in about as much as his original site by the end of the year.

You can contact him here: http://www.andrewfashion.com/

P.S. Got your email! Thanks. It’ll be a week or so until I’ll be able to get back to you. Have to focus on the book launch.

7 Agent Deepak January 23, 2010 at 5:46 am

Andrew I hope you get great success with your new site.
.-= Agent Deepak´s last blog ..Make your Blog Mobile Ready =-.

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8 Nick Tart January 23, 2010 at 12:24 pm

Thanks for the comment, Deepak! His site will do well. He told me so ;).

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9 Archan Mehta January 23, 2010 at 8:29 am

Thanks for the interview. Wow, what an inspirational journey through thick and thin.

Making millions at such a young age and blowing it all away, but rising from the ashes like a phoenix. It is a heady cocktail of hits and misses, but one worth keeping in mind.

No matter what happens, some people inspire you by their never-say-die attitude toward life (in general), and not just in any business sense. It is a joy to read your blog, Andrew.

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10 Nick Tart January 23, 2010 at 12:26 pm

What a comment! Thanks Archan. One of the coolest things about doing this project is that I get to talk to people who inspire me to talk to more people who inspire me. These interviews are perpetually inspiring!

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11 Christina January 24, 2010 at 11:16 am

It’s good to see people admitting they made a mistake and getting back on their feet again with a firm believe that they can do it again. The lesson learned worth millions for him but at least he had that positive outlook not to give up…good luck ..by the way nice article, short but has a deep meaning.. thanks.

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12 Nick Tart January 24, 2010 at 3:59 pm

Yeah, the first time I came across Andrew’s story some one was referring to him as “Young and Stupid”. I thought it was a little rude, but then I realized that was the title of his upcoming autobiography.

It’s a shame he lost all that money but I think he’s better off for it. People will learn a lot from his experience. I’m excited to see him make it back!

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13 Nimit kashyap January 24, 2010 at 1:15 pm

It is one of the best interview i have read on web, and i will also try not to commit those mistake that he done when money starts coming to me.
.-= Nimit kashyap´s last blog ..Wordpress Sociable Plugin To Get More Traffic From Social Media Sites =-.

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14 Nick Tart January 24, 2010 at 4:02 pm

Wow! Thanks Nimit! Unfortunately I can’t take credit for his responses ;). Or for the questions, for that matter. My partner designed most of them. I really appreciate the comment, Nimit!

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15 Seth W January 26, 2010 at 9:33 am

The things we learn while young! It was a very nice interview and I think that your interview series will become a very very nice book. Keep it up Nick and tell your partner good job too!

You guys seem like a good team.
.-= Seth W´s last blog ..How to Write Content Like a King =-.

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16 Nick Tart January 26, 2010 at 12:53 pm

Hey thanks, Seth! Alex’s interview will be coming along shortly! And I’ll definitely let him know too. His name is Nick Scheidies, by the way. You’ll be seeing more of him around here. He’s a brilliant kid and I’m happy to have him.

Yeah, we’re starting to systemize things pretty effectively ;)

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17 Louise February 6, 2010 at 11:53 am

Hey Nick,

Nice article and interesting topic. Something that all ambitious teenagers will relate to. Good opening!
You’ve written a lot of articles on here!! How did it start? How do you pick the topics for your articles??

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18 Nick Tart February 6, 2010 at 5:05 pm

Hey Louise!

Thanks for the compliment! Yeah, this is my baby… I started because I had a lot of business questions back when I had a modest lawn mowing business in high school. Then I went to CSU to study business and discovered the answers to a lot of those questions. And now I want to share them.

I choose my topics based on those questions, based on what I learn in school and based on questions I receive from other young entrepreneurs. But this interview series is a product of a book we will be publishing in April.

Thanks for the questions!
.-= Nick Tart´s last blog ..Starting Out Online: From the SEO Perspective =-.

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19 Toby June 3, 2010 at 7:50 pm

ecandrew

what did it mean?

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20 Nick Tart June 4, 2010 at 6:46 pm

I’m not sure if I understand your question, Toby.

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21 Clinton Skakun February 27, 2011 at 4:16 am

I find this really inspiring, the guy made $2.5M, lost it all but now he’s back on track to making it bigger. He’s obviously identified a need in the market place and after searching for the elephant in the next field he found one.

I love Vegas also, but hell, will definitly try not to make this mistake(not really into gambling anyhow). Hear of too many millionaires repeating this.

-Clinton

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22 Logan Koshenka September 18, 2011 at 3:16 pm

What a crazy story. It just goes to show how smart you must be with the money that you earn. I’m sure Andrew learned from his mistakes and he’ll be back in the game soon!

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23 Derrien.Postway September 6, 2012 at 5:50 am

How is his website coming along , has it had any success ?

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