Thoughts on John Dimmer

I think John Dimmer’s presentation was really informative and interesting to listen to. I think the parts about the legal side of things and how to decide which type of company to start. I enjoyed learning about the difference between a c corporation and a LLC. Then we learned about how to raise money to start our businesses. Things such as crowd funding and raising money from family and friends were the first steps to raising money. We also learned about the different phases of funding. First there is the concept which is normally before the product or service. Then it’s the start up which is the phase of concept to release. Then its expansion so things such as opening another location or expanding current operations. Then there’s the mezzanine which is preparing for an IPO. Lastly, there is the exit which the company is preparing for sale. Some specific types of funding we learned about was debt, equity, hybrid and other forms. Debt is funding from banks or investors, money that needs to be returned. Equity Is funding through selling a part of your company. Hybrid is debt that can be converted into equity. And other forms of funding would include government grants or crowd sourcing. We learned about angel investors and who they are. Angel investors are private investors who want to make investments in young and smaller companies. Mainly, they are retired businesspeople who have wealth and want to invest in the next big thing. We also learned about how to find them and how they invest. Overall, I think this was a very important presentation to watch as it provided a lot of context into how to fund our companies at such early stages.