Ann Arbor-based drone firm Skyspecs lays out the story of its path to investment and product development in Crains' interesting business series, "Startup diaries," analyzing how new metro Detroit businesses find their feet.
Excerpt:
"But these startups hardly have it easy. They slog through early years developing often-complicated technology and spending just as much time chasing money. It's a drawn-out, gambling lead-up to one day having sales that reward the effort.
SkySpecs launched on paper in 2012, but that was just one small first step. The company's first few years were spent honing its product and chasing money, whether at business plan competitions or from investors. "
Read the rest
here.
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