139: Steve Dinan, Founder and former owner of DINAN, made the best products possible and backed them with a warranty and recently started a new service shop called CarBahn
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Steve has known he was going to work with cards since the first grade. His dad was an engineer and his mom was a pianist and they encouraged Steve and his siblings to pursue any passion they wanted. This even includes Steve attempting to build a submarine as a kid. He ended up getting drafted to the Vietnam War and worked as an electrical engineer supporting the airplanes. Once he got out, he went to college and got an engineering degree. While at school, he worked at a BMW repair shop. It was then that he started doing performance and aftermarket installs in his free time. He quickly went out on his own and grew the company constantly over the years. Within 5 years, he had several employees and was manufacturing many parts specifically for BMW’s. He gained a reputation worldwide as the go-to engineer and tuner for BMW’s and even caught the attention of corporate. They came and visited his shop and Steve hoped they would begin sharing engineering data, but that wasn’t the case. But, they did allow him to sell his parts through the dealerships as long as he personally warrantied all of the work. He continued this relationship with corporate for many years and raced for them as well. At it’s peak, DINAN employed 70 people, did $1 million in revenue per month, and built 3,000 cars each year. In 2015, he sold DINAN and went on to work for Chip Ganassi Racing to head the Ford GT racing division. He then started on his next venture, CarBahn. It is a service, repair, and modifications for high end vehicles that he plans to expand nationwide. He currently has two locations in northern California. He also has a racing division and a street car engine development division. He has invested a lot of his own money into the business to get it going and will be looking for private equity funds in the future to eventually open 100 locations across the country.
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Stewart grew up in a Seattle suburb and was an active kid. When he turned 16, he got a beater $500 car and was tasked with keeping it running. He used this car to learn maintenance and slowly acquired mechanical skills. He went to college and continued to modify cars. He was living gin the dorm...
Published 03/03/20
Published 03/03/20