Did You Get Screwed in Business

By Tim Berry

This is a true story. I was there. The details are possibly not exact, and the quotes are paraphrased, but the essentials are true.  A startup founder was pitching to 22 local investors. The group had asked him to pitch because we liked his summary materials. He was local to us and had an interesting... Read More »

How to Raise Money and Succeed Long Term (Video)

By Tim Berry

Jess Lee (Partner at Sequoia Capital) and Aaron Harris (Partner at YC) discuss raising money as an early stage company, and how to think about the fundraising process. Ali Rowghani (CEO of YC Continuity, previously CFO, COO @ Twitter, CFO @ Pixar) shares his thoughts on how to be a great leader and succeed long-term.... Read More »

Angel Investment Red Flags

By Tim Berry

Last week at an angel investment meeting one of our group members asked whether anybody had a list of red flag problems that would immediately eliminate a startup from consideration by angel investors. That seemed like a good idea to me then. And over the weekend somebody asked a similar question in Quora: what are... Read More »

Do We All Undervalue Bootstrapping?

By Tim Berry

In business schools, in popular blogs, in business publications, and in general discussion of starting a business, we undervalue bootstrapping. We teach starting a business as if every new business requires sophisticated venture capital. I understand how this can be... Read More »

Finding Dumb Investors is a Dumb Idea

By Tim Berry

Are you looking for dumb investors? “How can I find investors who don’t take much equity?” “How can I find investors who don’t interfere with my running the business? I first posted my objections to this kind of thinking nine years ago in Dumb Investors Dumb Idea, one of the earliest posts on this blog.... Read More »

A Pile of Cash

How to Make Money on Your Brilliant Business Idea

By Tim Berry

So you have a brilliant business idea that will be very successful. My congratulations to you. Now read all ideas are brilliant and nobody is going to pay you for your ideas. Are you still sure? All right then, let’s continue. And – this is important – do not even think about getting investors yet.... Read More »

Business Pitch: Don’t Confuse Optimism with Business Potential

By Tim Berry

I listen to a lot of business pitches and way too many of them try to make something out of the entrepreneur’s attitude. Commitment is great, but who isn’t committed? Passion is great but who isn’t passionate about their business. Saying that adds nothing. It’s assumed. So too, with optimism. Business pitch optimism is vastly... Read More »

Why Bootstrapping is Better

By Tim Berry

The normal startup process doesn’t go from idea to plan to funding by outside investors. Funding is the exception, not the rule. Most startups are bootstrapped. That means we start a business with what resources we have. We fund it from early sales, promises, savings, and maybe friends and family; not outside investors. We all... Read More »