Congrats, Chris!
Best of luck on the new gig- very exciting stuff, really appreciate you sharing the awesome news with the group. Bold and inspiring, to say the least.
Sounds like a rather well thought-out niche and a great cause, win-win situation from what you describe, and so much better having a supporting partner along for the ride encouraging you through this transition into something more fulfilling. Been there.
I truly feel like drones will
eventually transform many logistics-related industries, but due to regulations, it will definitely take some time before that happens. Still, the custodianship/reconciling aspect of certain use cases remains better handled by humans in some instances. Dealing with a burrito drone delivery that can be botched and refunded is one thing, but the handling and safekeeping of mission critical medical-grade perishables when a life depends on it requires a whole other level of care throughout.
After 9 years living in the bay area, AKA the Tech Mecca of the world, it never ceases to amaze me how many ideas(some better than others) go from brainchild stage to beta testing, to IPO, and in some cases, market domination for alot of revolutionary concepts that seemed crazy and wildly unconventional not too long ago. Someone’s always on a mission to execute on a vision, whether it be their own or otherwise. Unintendedly seeing the daily incremental evolution and alot of the BTS first hand growth before world adoption takes place is truly unique.
At the forefront of any new business idea, you’re always going to need an experienced and competent operator, and it seems like your new boss has an established history of successfully running and scaling a business, so I’d say that’s half the battle as far as longer-term viability.
I have to admit I’m intrigued thinking how one of(if not the main) underlying premise of this entire business model relies on the traffic advantages of 2 wheels vs four. Strictly from a rider POV, I feel like the majority of riders will engage in lanesplitting/filtering regardless of geographical location or justification for that matter, regardless of local traffic laws. That said, I can’t help but think how this may or may not be a factor in potential market expansions, where lanesplitting is defined as “not legal” by those drafting and enforcing local traffic laws. For example, SoFlo traffic has drastically gotten worse in the last decade, and I’m sure the demand for such service is there for that exact reason, yet the law doesn’t explicitly make lanesplitting legal, making for a bit of an operational gray area. But maybe that’s a challenge for down the road.
A different perspective to black and white “crashing and burning” is the simple thought that most business are not exactly eternal, not unless they continuously evolve and stick with the ever-changing times, which isn’t always easy to do. Some will be around for centuries and become household names, others will run their respective cycle in a few months, years, decades. It really takes the right farsighted leadership behind the helm to go further along in the journey, and a short(er) business lifespan does not necessarily equate to a failed business, only the accounting will determine that.
In my view, as long as the new gig is scalable to the point you get to build out an entire fleet and effectively become head of logistics over the course of a decade, with according compensation bumps along the way, I’d consider that a win!
Sorry if I went long here, but this one kinda hit home for me. After 10 years in financial services I experienced burnout and more or less became that unpleasant individual to be around. Ultimately walked away from a $1.5Bn wealth management practice due to undesired management changes after my prior employer was acquired in the largest broker-dealer merger in financial services history. Then took a strikingly similar passion-project left turn to go work for a small automotive accessories manufacturer/ecom business within the Miata niche(should remain unnamed). An
insane paycut that friends and family alike have deemed me crazy for. In the end it didn’t quite pan out as expected, but there were tons of invaluable learnings along the way, new skillsets and life lessons, very costly ones at that, but sometimes better to cut your losses.
This past November was my 3rd time at Sema and the first attending Aapex- I’ve got some ideas, and connections, but have come to terms with the fact that they will have to sit in the backburner for now, as life in the Bay area is anything but cheap.
Apologies again if I hijacked your thread, but given the semi-similar parallels and your courage to share them with the group, I felt compelled. Very much rooting for you on the new adventure and certainly looking forward to hearing ongoing updates on how things progress on your end.
As always, keep the rubber side down!