Thursday, March 10, 2016

John Dimmer

        Last Thursday John Dimmer came to our class to speak. John was a former business partner with Andrew Fry they started Free Range Media together in 1994.They knew each other since high school and are still close friends. He graduated from the University of Oregon with a degree in finance and started out working for Puget Sound Bank. Later on he moved on to work at Alliance Surety Bonds. He gained a lot of experience there and that helped him gain experience for being an entrepreneur.He became an angel investor and also started a Honda dealership.
John talked about using the Golden cuffs to keep his best employees in the car dealership. Which is give your best employee the best offer ever where they won't leave because no where else has that offer.

        He also gave advice on funding your company if you wanted to start one. Crowdfunding was one way he said was useful to fund your company. Crowdfunding lets customers feel like good because its like being a part of something before it gets big. John also talks about the legal structures. he states :It is important to every entrepreneur to know their company’s structure, they are LLCs, partnerships, sole proprietorship, corporation etc. I learned a lot about funding a startup company and legal structures which I didn't really think about til John Dimmer came to speak.

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