David Cummings on Startups

Startup Review: Gimme Vending

Written by

David Cummings

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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.

Comments

7 responses to “Startup Review: Gimme Vending”

  1. Todd Schnick Avatar
    Todd Schnick

    Just had the pleasure to interview these fellows (in your building). I can’t wait to see the applications of this in other verticals too… http://intrepidnow.com/incubator/radically-improving-the-vending-supply-chain/

    Reply
  2. me@leenightingale.co.uk Avatar
    me@leenightingale.co.uk

    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

    >

    Reply
  3. PayYour Utilities Avatar
    PayYour Utilities

    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.

    Reply
  4. Paul Freet Avatar
    Paul Freet

    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.

    Reply
  5. VAVA Avatar
    VAVA

    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

    Reply
  6. Hero Avatar
    Hero

    Great startup idea. My neighbor owns and stocks vending machines. I’m not sure how he handles inventory, but I know he’s making a killing.

    Reply
    1. VAVA Avatar
      VAVA

      Vending machines have the future and potential to generate handsome incone

      Reply

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