Commentary: What if Reggie Fails?
05-13-2011, 08:59 PM
#12
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A reasonable question answered candidly, http://speedonthewater.com/component...f-reggie-fails.
And that’s where things get tricky for Fountain, because he needs to raise capital—roughly $5 million—for a new boat company at a time when capital for such ventures is scarce. Fountain freely admits that securing funding is his largest hurdle at this point, and one that he might not be able to overcome.
“If I can’t raise enough money, I’ll do service work and custom work,” said Fountain. “We’re in the best position in the world to service Fountain boats. We built all of them. If I can’t raise the money and if the economy doesn’t cooperate, that’s what we’ll do.”
One more question that’s nagged me since I started following this story: Why is Fountain—at age 71 with capital lacking and a less-than-robust performance-boat market in front of him—even bothering?
“First, I like building boats,” Fountain said. “Second, I hate getting beat. I try not to get mad. I try to get even.
“Is the marine industry good to get into now?” he continued. “No. Then why would I get back into it? Because I’m good at it.”
“If I can’t raise enough money, I’ll do service work and custom work,” said Fountain. “We’re in the best position in the world to service Fountain boats. We built all of them. If I can’t raise the money and if the economy doesn’t cooperate, that’s what we’ll do.”
One more question that’s nagged me since I started following this story: Why is Fountain—at age 71 with capital lacking and a less-than-robust performance-boat market in front of him—even bothering?
“First, I like building boats,” Fountain said. “Second, I hate getting beat. I try not to get mad. I try to get even.
“Is the marine industry good to get into now?” he continued. “No. Then why would I get back into it? Because I’m good at it.”
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05-14-2011, 12:11 AM
#14
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I hope he gets the money . He spent alot of his life making boats go fast . He raise the bar .I spoke with him a couple times and he is very passionate about powerboats and racing. I say don't hate apre
If you love powerboats you can't hate him. He's made alot of contributions. I hope he gets the money. I would love to see a new design from him .
If you love powerboats you can't hate him. He's made alot of contributions. I hope he gets the money. I would love to see a new design from him .
05-14-2011, 12:39 AM
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There's an old saying,
Nothing beats a failure, but a try
even better than that,
You'll never make it to second base, keeping your foot on first.
Reggie's a proven homerun hitter, he's coming back, even if just to quiet the industry of naysayers...
even better than that,
You'll never make it to second base, keeping your foot on first.
Reggie's a proven homerun hitter, he's coming back, even if just to quiet the industry of naysayers...
05-14-2011, 06:36 AM
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As mentioned earlier, love him or hate him he still deserves respect for puting everything he's got into the industry.
As far as failure goes..... that's not an option. If Reggie and others like him fall by the roadside we'll all be left with the unthinkable........Floating Prius'es
As far as failure goes..... that's not an option. If Reggie and others like him fall by the roadside we'll all be left with the unthinkable........Floating Prius'es
