In this episode of “Show Me The Way,” Dave reconnects with Karl Dakin to discuss critical aspects of business funding and deal-making. Karl, an expert in capital strategies for businesses, shares his extensive knowledge on finding the right investors, understanding the unique needs of each business, and the importance of proper preparation before selling a business.
Ep. 48 — Navigating Funding of Business Deals with Karl DakinDave kicked off the episode with an enthusiastic introduction of Karl Dakin, a man with whom he has shared a history. Despite their different career paths, both have remained connected through their professional endeavors.
Post-law school, Karl moved to Denver, Colorado, where he ventured into software engineering before eventually starting his own law practice in 1986. His knack for high-tech and complex technical issues has made him a sought-after attorney and entrepreneur.
The Significance of Business FundingMuch of the discussion centered around the importance of understanding funding, especially in the realm of business succession planning, mergers, and acquisitions. Karl offered several golden nuggets of wisdom:
Karl shares an inspiring success story about a sports widget manufacturer. By identifying a supplier who would significantly benefit from the manufacturer’s growth, Karl secured a $200,000 investment after a single pitch. This highlights the importance of aligning your business growth with the interests of potential investors.
Building a Support SystemEntrepreneurs should build a robust board of directors and advisors, leveraging their networks for business growth and funding. This support system can introduce you to a wider audience and potential investors, thereby increasing your chances of securing necessary funding.
Contact Karl DakinIf you find Karl’s insights valuable and want to reach out to him for assistance, you can contact him through several avenues:
- Website: http://www.dakincapital.com
- LinkedIn: Karl Dakin
- Phone: 720-296-0372
Karl's expertise could be the key to unlocking the potential of your business through strategic funding.
To reach out to Dave for advice or consultation, please visit www.davidseitter.com or email him at dseitter@spencerfane.com
Disclosure
This podcast is provided for educational purposes. It does not constitute legal advice and is not intended to establish an attorney-client relationship. The recommendations contained in this podcast are not necessarily appropriate for every individual or business. In determining the best course of action, business owners should consult with an attorney on their distinct circumstances.
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