Episode 813: Scott Alldridge – Hot Coffee, Cold Reality: The $10,000 Drone Delivery Mistake
BIO: Scott Alldridge is CEO of IP Services and president of the IT Process Institute, a bestselling author of the VisibleOps series, and a Certified Chief Information Security Officer.
STORY: Scott’s worst investment was a stake in a startup that promised to deliver hot coffee by drone. Excited by the futuristic idea, he invested before the concept was proven, but the project quickly crashed when the FAA banned drone deliveries and a prototype failed spectacularly.
LEARNING: Being first doesn’t always mean being right. Due diligence is non-negotiable.
Access the episode’s show notes and resources
Subscribe to My Worst Investment Ever: iTunes, Listen notes, Spotify, YouTube, Others.
INDEMNIFICATION: This content is for informational purposes only. It is not intended as investment advice. Readers should not consider statements made by the author(s) as formal recommendations and should consult their financial advisor before making any investment decisions. While the information provided is believed to be accurate, it may contain errors or inaccuracies. The author(s) cannot be held liable for any actions taken as a result of reading this article.
#Worst #Investment #November #Andrew #Stotz