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by advertising
2054 days ago
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Package up a gimmick in a decent looking kiosk and pitch the “where won’t this work!?” dream. You’ll capture enough imagination in pitch meetings to raise a few mil. You’ll put together a team and manufacture your first batch, spending all of your first raise in the process. A few big name clients will pop-up and show interest, enough to go back to your investors for a just a bit more money to keep going. Big name clients do some one off deals, everyone is interested but if it could just do X or Y, you’ll chase custom requests and eventually arrive at the crossroads of becoming an event based marketing agency or riding a slowly fading business into the ground as the kiosks age and no new clients sign up after the hype is over. Whether it’s touch screen mirrors, digital art club screens, cell phone charging kiosks, photo booths, sports training kiosks, screens on water faucets, it’s inevitably the same story arch. The only ones I’ve seen that make money are those that pivot into high-ticket custom events which then you’re not a scalable startup anymore but an agency, or you barely get your investors bailed out by selling some backend tech you developed for stock in another company. |
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