I Hate VC's
I have started a number of companies. All self-funded. Some were successful and others were "experiences". My last company was almost acquired for tens of millions of dollars when the economy imploded in 2008 and the world froze. A few years ago I decided I could take some of the technologies developed for that business and apply them to a new domain: Energy Optimization. The idea was to support wide deployment of EV's. Today this has shifted to power-hungry AI data centers. I self-funded this hardware/software startup and got on with developing the products. The pandemic forced us to pivot in 2020. We developed an aircraft disinfection robot. We had a lot of interest from major airlines and a $50MM sales pipeline. When the vaccine was announced, interest evaporated. How you deal with the tough moments in life and business is important. You have to be resilient. In 20
Why it failed
I have started a number of companies. All self-funded. Some were successful and others were "experiences". My last company was almost acquired for tens of millions of dollars when the economy imploded in 2008 and the world froze. A few years ago I decided I could take s
- Kind
- startup
- Status
- Shut down
- Inventor
- robomartin
- Ended
- 2024
- Source
- hackernews