They met their senior year of college at Virginia Tech and knew they wanted to start a manufacturing/design company together. A Few years after college they got serious about the business and got rolling. They share how they were able to grow and scale, and also how a major setback almost killed the business entirely. They were able to bounce back from that and share lessons with us about this.

How To Triumph Through A Major Business Setback, with Will Vatis and Scott Freeman

Key Points on Triumphing Through a Business Setback with Will Vatis and Scott Freeman

manufacturing a business
Photographer: Pasha Chusovitin | Source: Unsplash
  • They met at Virginia Tech working on the Formula SAE Team
  • Will and Scott bonded a lot over their shared love for designing and manufacturing
  • Neither of them wanted a mundane corporate job
  • Will won a invention competition through the school and was given $5,000 to make his invention a reality
  • Started talking to Scott about his invention and he realized how difficult it would be to make it into a business
  • He graduated before he was able to spend the meager $5,000 he had been given to start his business
  • The pair realized they needed money and facilities to build a business
  • Work near the college for a few years
  • The two of them continued to work at finding and building a business
  • They leave their jobs to start doing contracting work, developing inventions for others
  • On the side, they work on developing their own inventions
  • Then the place they were doing their work at closed, so they are unable to do any kind of work
  • Had to brute force their projects but managed to salvage what they could
  • Slowly built themselves back up into a successful business
Moments of Truth Graphic
Moments of Truth Graphic
  • Who is your success role model? Elon Musk
  • What is your biggest success? Fighting through and getting their own shop
  • What does a typical day for you look like? The both stay up late working with clients in China
  • What is your favorite quote? "Luck is the intersection of perseverance and opportunity"
  • What are your hobbies? Hockey / Playing guitar
  • What is the best business book you've read? Measure what Matters
  • If there was one key piece of advice you could leave our listeners with about achieving success, what would it be? Take the path of least regret

About our Guests, Will Vatis and Scott Freeman

Will Vatis Headshot
Will Vatis Headshot

Will Vatis is an inventor, entrepreneur, and a co-founder of Gizmatic. He graduated from Virginia Tech in 2012 with a mechanical engineering degree, and has been designing and making new products for over 10 years.