Recently we had the pleasure of having the company of Mr. John Dimmer to speak to the classroom, John Dimmer is, similar to the many other guests we've encountered, an entrepreneur. He currently works at Airstream, where he's encountered great success in the Northwest, having store/dealerships all over the west area, and starting the first Airstream business in portland.
John originally worked with Andrew Fry at Free Range Media, where he handled most of the financing, that being his background. John would talk about certain aspects of the world of entrepreneurship and things that were done or needed to be done in order to maintain success. He mentioned how he was working to see how he can keep "golden handcuffs" on valuable workers, partners, and employees (good people they wanna keep).
John talks about how the source and amount of funding depends on where your business is in the life-cycle, and that once you're profitable, you're in control.
Grab as much market share as you can, as the benefits weights much more than the effort. People who come up being interested in purchasing a business would be wary because of debt and other such amounts. Crowd-sourcing is a great way to finance a company, and can identify both your market and get your company up and running. Most crowd-sourced company often offer an incentive to obtain funding from customers.
John states that "lots of things that happen in the legal system make no sense whatsoever, and that the funding world is pretty much "Fucked".
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