The decision to close a VegasTechFund company due to over-ambition is beyond ironic. As I’ve written before, Hsieh’s plans to regenerate downtown Vegas are cursed by over promising, often from Hsieh himself.
Many people have approached me over the years saying “We want to create Blah Blah that will revitalize manufacturing and provide all the resources hardware startups need”. What resources? What the what…Everything! That is impossible. Good factories specialize in various capabilities. No one does everything. We have an ecosystem of partners that provide the capabilities. Why? Because we want the right factory to help with the outcome and we alone can not do it all