The one and only John Dimmer spoke to us recently with a focus on funding and financials. First off, within a few minutes of him speaking you could tell that he is passionate about business in general. The man was made to be in business. That being said he gave some great advice on how to go about looking for investors and what to expect while doing it. He also broke down what the different kinds of investors are, like angels vs VCs and all that.
I don't believe that I will be looking for investors in my business but I may look to crowd-sourcing as a form of funding for some of my equipment that I would like. John gave some useful info on crowd-sourcing and basically said, don't expect to get the ridiculous amounts you see on the news and stuff, but you could get 1-10k with a reasonable idea and presentation.
He also mentioned that there are some business plan competitions (locally, even!) that have a pretty good chance of getting you some funding if you are in need of some smaller funding, and since they usually cost you nothing you do not have much to lose.
No comments:
Post a Comment