RSchneider
Elio Addict
Another issue is that whenever there are federal, state, local grants or cheap loans, it brings everyone out of the woodwork. A few actually do well, a few fail and a bunch try. I see this all over the country. There will be a new technology park that will have all of these incentives, tax breaks and cheap loans. All of a sudden the applications go through the roof and a few get them. Out of the ones that do, the percentage of the ones that succeed is really low.The best of leaders can't effectively manage a team that doesn't have the credentials to get the job done.
If follower personalities like Fisker and Elio are contemplating a start up vehicle venture, they should be smart enough to assemble a Team with the credentials and proven experience to make their dream vehicles our reality. Unless, their goal was to simply generate funds based on an effective marketing campaign.
Add into that, there becomes the next big thing. Around here is was fracking. Every person that could weld or machine thought they were going to come up with some great equipment and thus got government help. Most of them failed because they were no good at any sort of management but had great ideas. There was a local company that got funding and loans for making new and innovative equipment. Problem was, they took too long and the industry went downhill. For the few left, they just bought what was absolutely needed (most likely used). This place would have done great 5 years ago but now, it's too late.