Friday, February 21, 2020

John Dimmer:

This speaker provided the most complete picture thus far as how funding works. Comprehensive graphs with detailed descriptions of when to seek funding, and from whom were provided. Also discussed were various pitfalls of running a business while seeking funding. This was an extremely informative lecture, and i am very happy I was able to attend it. He also discussed his work as an investor and discussed  some do's and don'ts of seeking funding. It was insightful to hear this information from an investors point of view. Some of the things I learned from this lecture include how to avoid diluting your ownership, how much (roughly) of your business to allow investors to purchase and at which phase of funding, what size investors to seek, and why. It was a very frank and to the point explanation of how things actually work. While all of our guest lectures provided invaluable information, this one provided the most comprehensive view of how to grow a business financially .Essentially, a large part of my take away was seek to take on as few investors as possible, while giving up as little of your business as possible, and to only seek funding upon reaching the appropriate milestone. On a side note, we were also prompted to read our mission statements before hearing from this lecturer while he was seated in the audience, it was interesting to see him either nodding or pursing his lips as we presented as if he were also evaluating the content of our presentations as if measuring their efficacy.

No comments:

Post a Comment