The other day we had John Dimmer visit our class and discussed financial issues about a business. I could do without the 20 minute background story but I guess that it was partially important to the presentation to show his background supports his facts. I could tell that he liked to talk, but I wish that he would make his stories and facts a bit more interesting to listen to, I guess glad that I didn't fall asleep. He did have some interesting information to share though, especially about how to present to an angel investor group and what not to do. I wish that he would have gone more into alternative routes, such as if you don't have much money and you don't know anyone who has that much either. I am pretty sure that isn't the only way that you can obtain the money. One thing that I really liked that he shared is that if you are an angel investor, make sure that the company your investing in has some skin in the game, otherwise they might just give up when the going gets tough.
As I see it, his presentation nearly knocked the wind out of me... I hate to ask for money, I always try to earn it on my own. I even work two jobs during the summer to pay for the following year of tuition for school. The problem with that is that I don't see myself saving the amount of money that is required for all of these different stages so as I see it right now... my chances for trying to start a business are pretty slim.
Wednesday, February 3, 2010
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