Wednesday, February 10, 2010

John Dimmer, "Raising Capital", and becoming the "Angel" you always wanted to be...

John Dimmer has been putting the money out for over a decade, getting massive returns in his investments. With 22 (or 23) companies currently being invested in, Dimmer has millions of dollars out in Tacoma, Washington, Oregon, and around the world. Having been building up small businesses and preparing those with big ideas, Dimmer has had his hands in many industries, not just in tech but even Honda dealerships, professional indy style racing, and even Round Table Pizza franchises.

Raising the money to start as business, as Dimmer spoke on, doesn't have to be hard. For under $500, anyone with a reasonable idea can speak to an agency such as the TacomaAngel Network with a business proposition and be invested in shortly there after.

Another source of startup money can come from friends and family. Although it might be a much smaller amount, the returns could be extremely high. As Dimmer pointed out, his cousin created a small start-up product in the 90's called "Internet in a box" and was invested in by his uncle with the sum of $25,000. The return was later claimed at over 14 million dollars. Although this is a very rare case, this is just an amazing example of what the return could be like for a member of the family or a close friend.

On a side note,  I was extremely interested to find out about this fabled "Tacoma Grand Prix" in 1986. With some digging, I actually was able to find some more information on this one time invent and the first NASCAR sanctioned street race.

Bonus: Tacoma Grand Prix layout

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