They were re-engineering everything from drones to processors to their own autopilot OS.įounder Jonathan Downey eventually decided to change tactics and focus more on software development, because there was just no way to compete with the cheaper alternatives being produced in China. The company is rumored to have spent exorbitant amounts of money developing its own equipment, under the belief that existing products were just not good enough. In a nutshell, they helped companies digitize their information and turn aerial data into usable business intelligence. This was a safe, practical and cheap alternative to more traditional options, like the use of helicopters and rigs that would often put human workers in danger. ![]() Some of their target industries included mining, construction, and insurance, where they used drones to review equipment damage from an aerial perspective. Drone analytics provider, Airware (2011 – 2018)Īirware used commercial drone services to help companies improve their operational efficiency. Let’s hope the new Shyp has better luck this time! 2. Earlier this year, only a few months after shutting down, news began to surface that Shyp was preparing to open its doors once again, under new management. By the time founder Kevin Gibbon decided to slow down the growth and re-calibrate his business model, it was too late.īut not all is lost. Shyp users were mostly individuals, who shipped items sporadically and were therefore not the dependable clients needed to sustain a business. Another pitfall was the audience they were targeting. ![]() They ended up having to hike up their prices for bigger packages which spawned a backlash with clients. The flat $5 fee for their services became challenging to sustain given how varied their customer’s packages were. ![]() Eventually, consumer growth began to slow and Shyp was unable to sustain all the expansions.
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