Tim Berry (born 1948) is an American entrepreneur and published business author. He is the founder and chairman of Palo Alto Software and bplans.com.
Tim Berry | |
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Born | Timothy J. Berry 1948 (age 75–76) Eugene, Oregon, United States |
Occupation | Entrepreneur, author |
Alma mater | Stanford University (M.B.A.), 1981 University of Oregon (M.A.in Journalism), 1974 University of Notre Dame(B.A.in Literature), 1970 |
Website | |
timberry |
Berry was born and raised in the U.S., but moved with his wife to Mexico City in 1971 where he worked as a wire service journalist for United Press International and then wrote for McGraw-Hill and Businessweek for five years.[1][2] In 1976, betting on the devaluation of the peso, he and his wife put up $1000 and borrowed $4000 for a quarter-acre lot.[1] After the peso lost its value in 1979, they sold the lot for $22,000 and used that money to help with as tuition at Stanford's business school. While at Stanford, Berry worked as a market research consultant for Creative Strategies International and began creating his own business planning software.[1] He earned his MBA in 1981.[2]
After graduating, Berry founded his own consulting practice in 1983. His clients included Apple Computer, Hewlett-Packard, Ashton-Tate, Lotus Development Corporation, and others.[1] That same year, he met Phillippe Kahn and helped draft a business plan that led to the launch of Borland International.[1][3] In 1983, Berry founded his company, then called "Infoplan"; the name was changed to Palo Alto Software in 1988.[4] The company started out selling business plan templates, supplemented by Berry's consulting, mostly focused on doing business in Latin America.[2] The company moved to Eugene, Oregon in 1992[2] and almost was bankrupt by 1994; Berry had three mortgages and $65,000 in credit card debt.[5][6] In 1994, the company released the first version of its Business Plan Pro software,[1] was created by programmers working for equity.[5] The software-assisted users in creating business plans instead of simply providing templates, and was sold through retails stores; it became a successful product, with $2M in sales in the first year.[5][7] In 1995, Berry launched BPlans.com as resource for small businesses.[6] In 2000 the company had $5M in revenue and 35 employees, but with the crash of the dot-com bubble revenue fell and the company had to lay off five employees.[6][8]
Sales recovered, and in 2010 the company had $10M in annual revenue.[9] In that year, Berry's daughter, Sabrina Parsons, took over as CEO,[10] and Berry began devoting this time to blogging, teaching, and writing.[8]
Berry received an MBA from Stanford University. He earned an MA from the University of Oregon, and a BA from the University of Notre Dame.[11]
Berry served as an adjunct professor of entrepreneurship at the University of Oregon.[12]
Berry contributes content to various business-oriented websites, as well as his own blog[13] and has become well known as an entrepreneur on Twitter.[14][15][16]
He is the author of the following books:
Berry has been married to his wife since 1970. He has five children.[7]