Some ideas run their course without finding success. It is better for the entire ecosystem to euthanize those ideas rather than leaving them as zombie companies on perpetual life support
Very good Tej. I believe you have met my grandson and his friend who are trying to start up a new venture called GasNow. They live in Ames and have participated in the start up community there. They told me they heard you speak up there recently. I’m helping them set up an accounting system, but also advising them to look carefully at the economics of their model. I don’t want to discourage them, but the point you make in your essay is important for them to keep in mind. I forwarded your essay to them.
Thank you, Kurt. I remember their elevator pitch well. I do worry about their ability to scale beyond one-off services that often emanate from college campuses but don't find sufficient customers beyond the campus boundaries. I have thought about potential for scale in an alternate - mobile battery charging for depleted EVs that have to either be towed to a nearby charger or home. There are solutions developing but is the market large enough to scale beyond a likely zombie end-state
Very good Tej. I believe you have met my grandson and his friend who are trying to start up a new venture called GasNow. They live in Ames and have participated in the start up community there. They told me they heard you speak up there recently. I’m helping them set up an accounting system, but also advising them to look carefully at the economics of their model. I don’t want to discourage them, but the point you make in your essay is important for them to keep in mind. I forwarded your essay to them.
Thank you, Kurt. I remember their elevator pitch well. I do worry about their ability to scale beyond one-off services that often emanate from college campuses but don't find sufficient customers beyond the campus boundaries. I have thought about potential for scale in an alternate - mobile battery charging for depleted EVs that have to either be towed to a nearby charger or home. There are solutions developing but is the market large enough to scale beyond a likely zombie end-state
Fascinating. I had no idea...