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> the 'titanic tourism carnival ride' business model. That was more marketing; the main biz model was to create enough buzz with the oil/gas industry to get bo
by wcfields 3y ago
> the 'titanic tourism carnival ride' business model.
That was more marketing; the main biz model was to create enough buzz with the oil/gas industry to get bootstrapped and produce a product fleet of cheap subs for independent contractors to use for oil rigs.
https://www.fastcompany.com/40406673/the-man-who-wants-to-send-us-to-the-bottom-of-the-ocean https://www.fastcompany.com/40406673/the-man-who-wants-to-se...
https://t.co/0ee7AImRRh https://t.co/0ee7AImRRh
- nocoiner 3y agoI guess he didn’t know how safety conscious and risk averse the oil and gas industry actually is. You can be at a meeting in a conference room in downtown Houston, and they’ll start the meeting — like, every single one — with a safety minute and directions to the nearest stairwell. The operators with the kind of risk tolerance to support this kind of, uh, venture can’t afford to do deepwater exploration - that’s solely the domain of the industry mega-giants, which are the most safety conscious and risk averse of all. The odds of getting a contract with, say, Exxon for anything resembling that piece of shit submarine are just vanishingly small. I actually don’t think the accident makes that prospect any less likely - it was already about as close to 0 as you can get.