John Dimmer visited our class to talk about financing our buisnesses. I found his stories more interesting than his actual presentation. He talked about how he owns a range of different businesses. He came to us to explain where to get your money for your company. The places you get your money are first from your pocket, then friends and family, then angel investors, and finally venture capital. When your business gets to the point when you need to get money from angel investors, John told us you need to have a very good description of how much money you think you will be making, as to look good for the investors. Also, like the guest speakers before him, he said he would deny someone if they don't have the right personality or attitude. This doesn't mean they'll deny them because they don't like the same music, but if they don't seem to have genuine goals.
Overall, John Dimmer answered the questions on how to finance my company, when to go to investors, and what approach i should take.
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