Investing in a start-up is not just about the idea, it's also about the people and the team behind the product. That's why Rooster McConaughey and Butch Gilliam wanted their new investing show to focus on just that. The Texas millionaires are coming to A&E with "Rooster & Butch," a new investing show that feels more like friends hanging out than a VC pitch meeting.
McConaughey and Gilliam stop by Cheddar to explain why they are so passionate about funding entrepreneurs and about their unique approach to pitches. The pair live by their "golden rule." They want to help people out because they are grateful fo the help they have received along with their careers. Gilliam is particularly passionate about investing in people over ideas. He believes in finding entrepreneurs who are similar to him and McConaughey.
And their advice when it comes to inventing: the pair says that all entrepreneurs need to be tough. You will undoubtedly fail at some of your ventures, but if you stick to it, certain ideas will find success.
Apple CEO Tim Cook said Thursday that the majority of iPhones sold in the U.S. in the current fiscal quarter will be sourced from India, while iPads and other devices will come from Vietnam as the company works to avoid the impact of President Trump’s tariffs on its business. Apple’s earnings for the first three months of the year topped Wall Street’s expectations thanks to high demand for its iPhones, and the company said tariffs had a limited effect on the fiscal second quarter’s results. Cook added that for the current quarter, assuming things don’t change, Apple expects to see $900 million added to its costs as a result of the tariffs.
