John Dimmers

John Dimmers lecture in class was very interesting, mainly because what he was saying was backed up by his successes. He is a proud owner of pizza restaurants, a car dealership, etc.

He discussed his father and cousin going into business together to create a business that was sold for multi-millions. The main point of his lecture to us was to give us information about Angel investors, and their significance in role for entrepreneurs trying to get their business ideas started. Dimmers had explained to us that going from interview to interview to earn money for your idea was not an efficient way to get funding, because the chances of the investor saying no was a lot higher than them saying yes. There are organizations that are called Angel Networks, where investors go to listen to business ideas, and if interested, invest money into the projects. Vector capitals strive to gain control of your business by throwing you money that you do not necessarily need, but are drawn to take. Giving away a massive amount of your equity to a vector capital (or anyone else) is not a grand idea, rather gaining numerous angel investors is the right way to go.

Business Funding

I want my business to be family owned, and i want to make a business that i can co-own with a friend. Since its family and friend owned, gaining funds from my parents and relatives would be my first target. My brother had previously gotten a good sum of money from my mom in order to start his business, and I would hope she'd do the same for me. I live in a family full of small business owners, so trying to start my own business is nothing new to them. To help me get together a functioning website and all other logistics, I would employ some friends that I know can get the job done and that know I would pay them back.. since they know where i live.

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