Radically improving the vending supply-chain
Joined in theINCUBATOR today by Cory Hewett, CEO of Gimme Vending, reinventing unloved vending supply-chain technology thru a unified focus to make tools that are Simple, Fast, and Beautiful.
Notes and today’s discussion guide on radically improving the vending supply-chain:
1. “We are connecting vending machines to the internet.” Why is that disruptive?
2. The problem? Very hard to keep track of product and cash going in and out of vending machines. If you can, that directly impacts the supply-chain, which can save (and make) money for the machine owner.
3. Hardware is installed on the machine, which then connects to an iPad carried by the driver. And data is then uploaded to the cloud when the driver visits a specific machine.
4. This improves business intelligence, which helps radically improve the vending supply-chain.
5. There are about five million vending machines in American. And people make purchases from them 581 times per second.
6. We discuss what fed Cory’s entrepreneurial spirt at such a young age.
7. We discuss what Atlanta resources supported Cory and his startup, particularly Georgia Tech and Startup Summer.
8. We discussed a major TAG award that Gimme Vending won. And how they deployed the award money towards hiring.
9. Currently raising half a million dollars.
10. We discuss the team, and what type of talent they are recruiting.
11. We discuss other potential applications of Gimme Vending’s product in other verticals, such as grocery stores.
12. How will the vending industry continue to innovate?
13. Gimme Vending is looking for both Technical and design help.
14. Time for the Wela question of the week!
15. Click here to learn more about how Gimme Vending is radically improving the vending supply-chain.
About Cory Hewett:
Cory Hewett is the CEO of Gimme Vending. Cory co-founded Gimme in 2014 after an incubation period at Georgia Tech, where he studied Electrical Engineering. He bought his first vending machine during his freshman year of high school, gradually expanded his vending operations, and by senior year (in High School!) Cory was named the Georgia Youth Entrepreneur of the Year. He led the Gimme team to victory at the 10th Anniversary TAG Business Launch Competition in May 2015.
About your Co-Hosts:
TRICIA WHITLOCK: Tricia is the Editor of Hypepotamus, THE publication for Atlanta’s thriving startup scene. She grew up in Atlanta, is a two time Georgia State grad, and ran her own small business during her college years. Now she writes about the movers and shakers in our local tech ecosystem. You can check her out on the Atlanta Tech Edge on Sundays and hustling around Midtown every day of the week.
TODD SCHNICK: With over twenty years in business, media, and politics, Todd has plenty of battle scars. With an early career as a national political operative, then starting six companies, to hosting thousands of interviews on the radio, Todd’s work as a business and media strategist comes with a unique collection of experiences in the trenches. A distance runner, writer, and speaker, Todd lives with his family in Brookhaven, Georgia.