CHATROOM

How Not To Pitch A Startup

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Got the following message in my Facebook inbox the other day:

The answer to which could change many things for you and for me…
If approx 10 years ago 2 young dropouts came to you and said they were starting a new company they were calling Google Inc. (GOOG) and that it was going to take over the Internet and become larger than Microsoft and you could invest $ 100,000.00 or $ 250.000.00 and for that get 10,000,000 or 25,000,000 shares in their company, would you do it?

My reply:

no

Because:

1. I was once naive enough to aim for home runs and I struck out

2. As outlined in my instructional DVDs, I’ve had great success taking advantage of high percentage trading setups…hitting lots and lots and lots of singles.

3. Never pitch someone the dream, it stinks of penny stock promotion/fraud.

Posted in idiots, Startups, TIM Lessons

  • http://businessnoob.com/ Daniel Meade

    I agree with your point about never pitching the dream, the chances of that dream becoming a reality aren’t in your favor. Of course there’ll be the odd ones that come through but by pitching the dream you are only adding pressure to yourself to make this dream a reality.

  • enorck

    Hey Timmy,,,,,,how about PALM today,,,,KABOOM!!! Never should have left the ground from $2 the last go around, based on hype!! Bye-Bye PALM, and your crappy products and sub management, LoL.

    Also to comment on your post,,,,dreams are always promised,,,,few if any seldom work out finacially any more. You can bet on the dream, or go with the statistical probability that it probably won’t even happen!!! Short the shit!! Stay clear of the elite gear!! Nough said hommie. Keep doing what you do Timbo. Peace bro.

  • Baron Kimble

    This is hilarious

  • http://www.sr-trading.eu/ Onassis

    Correct! I agree too!

    But if i have enough money, i will invest 1% of my capital in startups.
    This will be the turbo in my investments.

    Onassis