Scott Summit talks about a project for developing countries that collapsed when its business model failed. He explains how he pivoted to a different direction after the original plan fell apart due to economic constraints.
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The question was when. It was obvious that the original intent of working for the developing countries when that fell through, how is the refocus? How did the refocus take place? That was a really challenging one because everything was looking good. I had people up and walking. All the technical hurdles were met. But then the economic business model, which is not my forte, that fell apart. That was a painful one. That was a difficult one to kind of come down and realize, wow, I should have done the numbers before I started. On the flip side, I like where it ended up. So it wasn't a total loss but it was a lot of saying, well okay, let's put that on the shelf until the day when this is ready, when it's fully baked and move on to this other variation and see what can happen down that trajectory. So there's a lot of being able to kind of bite your lip and wince a few times and then move on.