Speaker: John Dimmer
John Dimmer is apparently one of the most successful
businessmen that Andrew Fry knows, which is saying quite a lot given the fact
that we have met many of his friends now and none of them strike me as being
particularly unsuccessful. The sheer number of businesses that he has been involved
in is simply staggering. I can’t recall all of the businesses that he listed,
but there were many that went unmentioned. The variety was quite interesting.
One of the businesses was a distillery or something similar, which is quite different
than the Airstream RV dealers that he owns. He also owns a Honda dealership. Overall
just a very impressive person, I can’t even wrap my head around doing so many
different things. He had a lot to say about funding a new business, and what
that whole process looks like from the early stages all the way to the endgame.
It all starts with self-funding and getting loans from friends and family. From
there you can get investments from angels and angel groups. The important thing
to keep in mind about getting investors is not to sell away your majority
ownership of the company. Otherwise you can be forced out of your own company.
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