Tim Waterstone

Tim was born in Glasgow and worked for Allied Breweries before joining WH Smith in 1973. Tim founded the remarkably successful Waterstone's booksellers with #6000 of the redundancy money he received when he was sacked from WH Smith in 1982. He went on to raise #100,000 venture capital and set up Waterstone's Booksellers with its first shop in London's Old Brompton Road. Tim established Waterstone's reputation as 'the eponymous classy bookshop' and changed the face of British book retailing. Waterstone's was also one of the two or three largest and most successful venture capital entities of its time. Nine years later he sold the company to his previous employers for #47m, only to buy it back again together with EMI and Advent International in 1998! [+]