Friday, May 4, 2012

Angels Driving Race Cars


John Dimmer, I thought was an amazing source of information about how to get a business funded. Some of the experiences he had during his entrepreneurial ventures were many of the experiences I envisioned an entrepreneur to have. It was hear stories about how he was able to start a business, have a happy exit and race cars around the world. It was also nice to hear that he was a part of the Tacoma Angel Network and helped start up a peanut butter business.

However, what I really took away from John Dimmer is his knowledge in Angel funding. Before the presentation, I had no idea about Angel Networks or how they operated. After listening to his presentation, not only do I know where to access Angels and Angel groups, but now I know what kinds of Angel groups to target and how to present myself to them. Also something that was good to know was what to expect from Angel Groups. Learning about how much equity to give away and in what form will be helpful even without dealing with Angels. 

Finally some of the best I took away from John Dimmer was his analogy about equity. Attempting to keep as much of the company as possible would seem like an obvious statement, but when dealing with Angels, I think it is a good piece of information to keep in mind. 

No comments:

Post a Comment