founder-shares-and-dilution

A Case Study on Startup Equity

by Tim Berry

I had an interesting exchange over the weekend. Shane Diffily tweeted: @Timberry HI Tim. So what was your answer to How Not to Divide Ownership? It’s v.similar to a situation I am in & I’d love to see your ideas. Tx! — Web Governance (@diffily) February 26, 2015 Setting the Scene Shane was referring there to... Read More »

where-entrepreneurs-get-money

Where Startups Get Their Money

by Tim Berry

Where do young companies get money? I ran into this three-minute video over the weekend. It’s a great summary. If you’re not already up to speed on the range of startup options from personal savings to venture capital, just watch this: (Note: Here is the link to the original on YouTube: https://www.youtube.com/watch?v=U470xXKfDyE) My thanks to the... Read More »

Causation-Correlation

Don’t Be Fooled By Mismanaged Data

by Tim Berry

Here’s another great example of why you don’t blindly trust research. This illustration comes from this Gizmodo post. Post author Jesus Diaz is not saying this means what it seems to say (see his conclusion below). But here you are with another example of how easy it is to get the wrong conclusions, especially when the research... Read More »

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Q&A: What Do I Include in a 1-Page Business Plan

by Tim Berry

I received this question overnight from my ask-me-a-question page: I am entering a competition that is asking for a one page business plan and I am having a hard time trying to determine what to put on it and what not to include. What information is absolutely required? To answer this well I’d need to... Read More »

win the competition

Q&A: Winning Business Plan for a Competition

by Tim Berry

How do you win a business plan competition? I’m glad you asked. I’m a frequent judge of these competitions so it’s in my interest to help you improve your chances by developing a better business plan, pitch presentation, summary, and elevator speech. Read More »

And what do we do if the Internet doesn't disappear?

Do We Want Our News Crowdsourced?

by Tim Berry

Whether we want our news crowdsourced, or not, I don’t think we have a choice. The steady onslaught of rapid information via the new technologies – digital, social media, et. al. – is happening. In the background, traditional news media get less attention (readers, viewers, web traffic) and that means less money to pay for... Read More »

Chart_shutterstock_42227020_by_ArchMan

How do I make a good pitch deck for investors?

by Tim Berry

This is my answer to How do I make a good pitch deck for investors? on Quora. First you need to differentiate between the pitch deck you leave behind for its information value – which has more words – and the pitch deck you use when you are there talk, which should be much more pictures than... Read More »

cash_pile_iStock_000003690791XSmall

Q&A: When should a small business focus on growth over profits?

by Tim Berry

This is my answer to an interesting question on Quora: When should a small business focus on growth over profits? As soon as you have the cash flow managed, you should focus on growth, not profits. Profits are today, and growth is tomorrow. You need today assured by cash flow, but don’t sacrifice more today than... Read More »

quora-vcs-angels-on-failure.jpg

Quick Quiz: What Do Investors Cite as the Common Cause of Failures?

by Tim Berry

What do venture capitalists and angel investors cite as the common cause of the failures in their portfolios? That’s a great question, which somebody posed in Quora. And as I write this post, it has several really interesting answers. Jason Lemkin, who runs Storm Ventures, has my favorite answer. It’s also the overwhelming favorite of those... Read More »

Beautiful Ruins, by Jess Walter

You Have to Do Disappointment Twice

by Tim Berry

Such a beautiful quote: I ask if stories are empires, you’ll say— ‘Stories are people. I’m a story, you’re a story . . . your father is a story. Our stories go in every direction, but sometimes, if we’re lucky, our stories join into one, and for a while, we’re less alone.’ ‘But you never... Read More »