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#103: Drunk Dialing Fans--Celebrating The 100th Podcast Episode!

The Tim Ferriss Show

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I'm Not a Fair Weather Angel Investor but I've Done a Lot of Advising in the Startup World

Most authors who work with large publishing houses get royalty payments two to four times per year and they only get royalty payments if they have earned out their advances right so the advance is my definition in advance on royalties after which you get paid a certain set amount based on the unit sales above that threshold. I am more than happy to wait until there's blood in the streets and invest when only the hardcore entrepreneurs who really want to build something because they cannot help themselves can't live in a world where that company doesn't exist. My most successful investments almost always been in dot-com depressions so to speak not when the covers of every business magazine feature startup founders and CEOs or venture capitalists, he says

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