Startup companies

Startup companies

Typically, we'll be applying suppression five minutes before something like a traditional sprinkler head would pop, because it takes some time for the heat to accumulate at that sprinkler head. Because we're highly concentrated, we're able to use about 88% less water, typically, to put this fire out-which means they can get back to work quicker, with less cleanup, less damage from the fire, and less damage from water.

I looked like a genius, because Fastenal went on to drop 55% while the broader market dropped 15%. Then came the gut punch. From that low point of roughly $0.65 split-adjusted, Fastenal rose 19-fold while the S&P 500 roughly quadrupled over the same time period.

Startups tend to get excited by new technological breakthroughs but focus on quick solutions rather than addressing the complex edge cases needed to make systems truly reliable.

"We power everything from ticketing to hospitality and fan commerce in a way that's designed to be intuitive for fans and more profitable for organizers."