Meet Timothy Armoo: From teen tutor to AI investor betting $6.7M on founders

His experience with social media shaped his views on how technology can open up new opportunities. He now views AI as the next big shift in technology that could lower the barriers to entrepreneurship. Timothy Armoo was thinking like an entrepreneur at 14. By his late 20s he had built and sold a company for eight figures. Now the British entrepreneur is not only investing his fortune but backing a new generation of founders betting on artificial intelligence with millions of his own money reports Fortune. The Legon Fund, founded by Armoo, will have a £5 million ($6.7 million) investment pot to back minority-led AI startups. The move is a reflection of his belief that AI is the next big opportunity for young people to build wealth and businesses. Armoo’s journey into entrepreneurship began far removed from the traditional startup world. He lived with his grandmother in Ghana during his early years before relocating to London. His family later lived on a council estate in a landscape spoiled by gang violence and knife crime, adds the report. Armoo began his first company at 14 years old with limited financial resources, and no network of business contacts. His tutoring business grew ...