I BECAME A MILLIONAIRE IN MY 30s
YOU CAN TOO!
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11 Compelling Startup Pitch Archetypes "When talking to an investor (or potential advisor, partner or other person who cares about the viability of your business success) you will talk at some point about all the major things: the market, the product, the team, the target customer, the business model etc — but how you lead the discussion and how you frame your points matters a lot. "From my experience at two demo days, talking to investors about Ridejoy and listening to lots of aspiring YC founders talk about their businesses, I realized that the best startup pitches seem to fall into several patterns. Depending on the type of business you’re building, who you’re pitching and your personal style, there are probably one or two archetypes that would be most compelling. "I’ve identified eleven compelling startup pitch archetypes (depending on how you slice it) and have tried to explain what they are, what they sound like, examples of YC companies that might have used this archetype and advice on how you might go about using it." 11 Compelling Startup Pitches (with examples from YC companies) The Business of MMA "Dana White, UFC President, and Billionaire Lorenzo Fertitta, UFC Chairman and CEO, speak with WSJ's Lee Hawkins about the business of mixed martial arts, growing a global brand, and the rich stories behind the brawlers." She Makes $5.5M A Year Selling Lab Kits "Since 2000, Jeschofnig’s Hands-On Labs has been selling LabPaqs, science kits that allow high school and college students to conduct experiments and receive course credit from home. And in recent years, the company has more than doubled its revenue from $2.3 million in 2008 to $5.5 million in 2011." She Makes $5.5M A Year Selling Lab Kits How Flow Went From 0 To $500k Per Year "It took three of us nine months to go from napkin to reality. We were close, efficient, and most importantly, cheap. We epitomized what it means to be bootstrapped and were damn proud of it. We broke all the rules. We didn’t raise money, worked short days, and even did client work on the side. And yet just three weeks after launching, Flow was turning a profit. One year later, we’re bringing in over $500,000 in recurring revenue and growing like crazy." |
One day while I was having lunch with a friend he told me how his parents were looking to purchase
a property in the U.S. for their retirement. He told me that the U.S. property market was in dire
straits and that I should take a look. I did and what I found was surprising. And profitable! Download my 2011 Wealth Letter Now! I utterly annihilate the market with a +56.5% return in 2010! It would be UNBELIEVABLE unless you read how I did it! Download the 2010 Wealth Letter Now! The public flees the stock market and I go on a buying spree! Read how I took advantage of rock bottom prices left behind by panicked investors and turned it into a massive +31.6% return! Download the 2009 Wealth Letter Now! 2008 marked the worst downturn since the Great Depression! Learn how I selected the stocks that would set my portfolio up for a massive +31.5% return! Download the 2008 Wealth Letter Now! I reveal my "TOP 5" stocks and my portfolio crushes the S&P by almost 19%! Download the 2007 Wealth Letter Now! Digging through the wreckage, I uncover stocks that would later smash the market with a +22.4% return! Download the 2006 Wealth Letter Now! My insights into why my investing method continues to dominate the index! Learn the secrets that the rich don't want you to see! Download the 2005 Wealth Letter Now! Tired of useless motivational "get rich" books, I make the decision to document THE TRUTH on how to invest successfully in the stock market! |
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BE AN AMERICAN LANDLORD. Jim Chuong didn't even visit Maricopa County in Arizona before he decided to purchase real estate in this desert locale. That's because Chuong wasn't purchasing a vacation home or a sunspot retreat - he was making an investment. All that mattered to him was whether the numbers added up. ( page 1 page 2 page 3 ) |
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If you’re not part of the ultra-high-net-worth crowd and you’re interested in owning a piece of land in another country, the U.S. is a good place to start. America’s sluggish economy, coupled with slumping real estate values, might sound scary, but according to Toronto investor Jim Chuong, those same factors make it a great place to buy undervalued properties. “People want to invest when there’s good news, but that’s always the worst time,” he says. ( MoneySense ) |
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My 56% return in 2010 lands me in the Globe and Mail again. ( Globe and Mail ) |
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"Jim Chuong, a Toronto-based sales rep for Novartis Pharmaceuticals Canada Inc., has been out shopping for U.S. investment properties since the fall of 2009. He has made several purchases since his first in early 2010. After an intensive screening of regions in the U.S. sunbelt, he narrowed his focus to Arizona. A key selection criterion was low crime rates: with the help of crime data published on the websites of most U.S. cities, he found that Arizona neighbourhoods were among the best for having both low crime rates and low house prices." ( Globe and Mail ) |
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"This year in Phoenix, for the first time, there have been more buyers from Canada than from California, according to real estate data outfit Information Market. With the Canadian dollar approaching parity with its U.S. counterpart, the opportunity was simply irresistible to Jim Chuong, a 38-year-old Novartis sales manager from Toronto. Chuong, whose house in Canada is already paid off, used to invest in U.S. stocks. Now he's investing in Phoenix condos, paying $50 a square foot for units that would cost $500 a square foot in Toronto. 'It's ridiculous is what it is,' Chuong says." ( Associated Press ) |
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"Over the last 12 months, the markets have been very good to Jim Chuong, given that they perfectly matched his approach. Mr. Chuong's strategy has much in common with that taken by investment bankers. He likes to buy companies that have had predictable cash flow for the last 10 years. He also looks at top line revenues, operating profit, and net profit. "I also don't want them to carry too much debt," he says. "With the credit crisis those carrying debt had a lot of problems."" ( Globe and Mail ) |
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"Successful investor Jim Chuong is wary of talking finances with his buddies after it cost him a few friendships. The 37-year-old Toronto salesman for pharmaceutical giant Alcon, says his friends used to ask him for advice all the time. But when their portfolios didn't mirror his own, they grew upset with him and accused him of withholding the secrets of his success." ( Globe and Mail ) |
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After a 1 hour interview, Macleans decides to use one sentence from my answers about Google. ( cover page 1 page 2 ) |
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My good friend Dan Young was recently featured in the May 2008 Moneysense magazine on real estate investing. Way to go Dan! cover... page 1... page 2... page 3... page 4... |
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October 2007 MoneySense Magazine: "Otherwise, Chuong's portfolio has been pretty much unchanged, and his other holdings are doing very nicely. Fossil, which makes watches and accessories, is up by a whopping 75%, The Buckle, a casual apparel retailer, is up 60%, and Warren Buffett's Berkshire Hathaway (class B) is up 24%." ( cover page 1 ) |
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July 2007 Globe and Mail: Returning to his hockey team analogy, Mr. Chuong says: "If I know I have a star player, why trade him?" ( page 1 ) |
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October 2006 MoneySense Magazine: "My portfolio has been about as interesting as watching paint dry." ( cover page 1 page 2 page 3 ) |
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October 2005 MoneySense Magazine: When his parents kept pushing him to get better grades in high school, he asked why. "So my mom explained to me that if I got really good marks now, I could go to the university of my choice. Then theoretically, I could get the job of my choice and be financially secure. But when I was 14, I said I don't think that's how it works. I don't believe it." ( cover page 1 page 2 page 3 page 4 page 5 page 6 page 7 page 8 page 9 page 10 ) |
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March 2005 Money 101: Frustrated with mutual funds, Chuong started picking stocks for himself in 1998. He's had an average annual return of more than 20 per cent and his portfolio has more than tripled in value. He holds only five U.S. stocks, two of which he's owned since 1998, and keeps them as long as their fundamentals are sound. ( page 1 ) |
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February 2005 Report On Business TV |
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August 2002 Globe and Mail: There are value investors, and then there are value investors. How else to descrie someone who has been an avowed follower of the value faith since, gulp, age 14? ( page 1 page 2 ) |
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December/January 2000 MoneySense Magazine: Only 27 years old, Jim Chuong is already an experienced entrepreneur and investor. After graduating in materials engineering from the University of Toronto in 1997, he and a friend started Nth Dimension, a business that offered Internet programming and graphics services. ( page 1 page 2 page 3 page 4 page 5 page 6 page 7 page 8 page 9 page 10 page 11 ) |
Jim Chuong is not certified as a financial planner nor does he have a securities designation or business degree. The information provided by Jim Chuong is not to be construed as investment advice. Under no circumstances does the information represent a recommendation to buy, sell or hold any security or asset. Any and all references to "the portfolio" or "portfolio" refers only to my personal trading account. This website in no way offers or represents financial or investment advice. Information is provided for entertainment purposes only. Please read my disclaimer for more information.
Jim Chuong is a Mississauga-based private investor and has been interviewed in MoneySense magazine, The Globe and Mail, The Toronto Star, CP24, and Report on Business Television. He can be reached by emailing jimchuong@hotmail.com.