John Dimmer

The guest speaker last Monday gave the class a couple insights about how to fund your company.

The first source is yourself. Invest as much money as you can afford. It will pay off in the future when you get your return.
Next source is family and friends. Then, angel investors and lastly venture capitals.

John also talked about company evolution which is started when you have your concept, start-up, growth phase and then expansion.

When we get investors in our company, we have to make sure they are accredited investors. That is, their net worth are in excess of $1m or have income in excess of $200,000 each year for the last 2 years.

I didn't know about Angel investors. It's cool we have a bunch out there who are willing to give people a chance to start their business. I esp like that the Seraph Capital funds only women's' businesses. When you reach Angel investors, it is a good idea to have your term sheet prepared.