On this one I get to think like entrepreneur and grandfather at the same time, because last week’s $50K first prize winner at the University of Oregon Intercollegiate International New Venture Competition was a grandfather’s recipe for cockroach bait.

This was a surprise. It’s cockroach bait, not a website, not medical, not electronics, and not even new. Mullis Enterprises, the University of Georgia entry, was also a last-minute entry, invited to join the 19 other finalists only after the 20th finalist dropped out shortly before the finals.

Tim Berry

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Tim BerryTim Berry

Tim Berry is the founder and chairman of Palo Alto Software and Bplans.com. Follow him on Twitter @Timberry.