Startup Review: Gimme Vending

Last week, Atlanta Ventures lead an investment in the seed round for Gimme Vending. Gimme was founded by two talented Georgia Tech entrepreneurs: Cory and Evan. So, what does the startup do? Here’s the pitch:

  • Market
    • 4.5 million traditional vending machines
  • Problem
    • Data from each machine is downloaded manually into a Palm Pilot-like device
    • After an eight hour shift by the delivery drivers, data from the machines is downloaded manually at the warehouse into the vending management system
  • Solution
    • Gimme Bluetooth LE device plugged into each vending machine sends the data to an iPad with LTE held by the delivery driver which then immediately sends the data to the Gimme servers in the cloud and loads it into the vending management system
    • Vending machine owners get data up to eight hours sooner to better run the business, prepare the stocking earlier for the next day, and order new products faster
  • Pricing
    • $25 one-time and $50 per year, per machine

If you know anyone in the vending machine business, please share Gimme Vending with them. I can’t wait to see the entrepreneurs build a great company.

7 thoughts on “Startup Review: Gimme Vending

  1. Great concept … Would be even better if the were connected to the internet via wifi and could be vpn’d into by the vendor to make real time adjustments. To the future we march!

    Regards

    Lee Nightingale

    Sent from my iPhone Please excuse any errors

    >

  2. Cool concept, but will the makers pay their bills? I’ve dealt with them in person and they use physical intimidation in order to get out of paying their bills. I don’t trust them and you shouldn’t either.

  3. David, I think it would be a service to both the community and to your startups if you more often shared the startup’s origin stories. Gimme Vending was in the first class of Georgia Tech Startup Summer, a program of Create-X at georgia Tech sponsored by Chris Klaus.

    We are all very proud of Gimme Vending and greatly appreciative of your support and investment.

  4. That’s absolutely rubbish if someone thinks of intimidating for any lapse of payment A business man will never wants to lose a customer for any reason whatsoever ever

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