• TOPICS
    • Design
    • Manufacturing
    • Inspection
    • Heat Treating
    • Lubrication
    • Materials
    • The Gear Industry
    • Gears by Type
  • MAGAZINE
    • Current Issue
    • Departments
    • Archives
    • Subscribe
    • Advertise
  • NEWSLETTER
    • Subscribe
  • VIDEO
    • Gear Technology TV
      • Ask the Expert Live
      • Revolutions
    • Industry Videos
  • BLOGS
  • BUYER'S GUIDE
  • NEWS and EVENTS
    • Product News
    • Industry News
    • Events
  • ADVERTISING
    • Brand Awareness
      • Print: Display Advertising
      • Online: Web Banners & Keyword Banners
      • Online: Native Advertising (Sponsored Content)
      • E-mail: Custom, White Papers & Webinars
      • E-mail: Newsletter Sponsored Content (Native Advertising)
    • Response & Lead Generation
      • Online: Sponsored Content (Native Advertising)
      • E-mail: Newsletters
      • E-mail: Newsletter Sponsored Content (Native Advertising)
      • E-mail: Custom, White Papers & Webinars
      • Online: Buyers Guide
    • Print Advertising
      • Print: Display Advertising
      • Print: MPT Expo Showstoppers
      • Print: Buyers Guide
      • Print: Manufacturing sMart
      • Print: Specifications
      • MPT Expo Show Guide Advertising
    • Online Advertising
      • Online: Web Banners & Keyword Banners
      • Online: Native Advertising (Sponsored Content)
      • Online: Buyers Guide
      • Online: Specifications
    • E-mail Advertising
      • E-mail: E-Newsletters
      • E-mail: Newsletter Sponsored Content (Native Advertising)
      • E-mail: AGMA Industry News
      • E-mail: Custom, White Papers & Webinars
      • E-mail: Specifications
    • Special Promotions
      • Print: MPT Expo Showstoppers
      • Print: Buyers Guide
      • Print: Manufacturing sMart
      • MPT Expo Show Guide Advertising
  • CONTACT US
  • AGMA
    • Membership
    • Events
    • Education
    • Emerging Technology
    • AGMA Media
    • Standards
Subscribe
  • Sign In
  • Create Account
  • Sign Out
  • My Account
Home » Blogs » Gear Talk With Chuck » Does New Technology Require New Companies?

Gear Talk With Chuck
Gear Talk With Chuck RSS FeedRSS

Design / The Gear Industry / Software / Emerging Technologies / 3-D Printing
Charles schultz
Chuck Schultz is a licensed engineer, Gear Technology Technical Editor, and Chief Engineer for Beyta Gear Service. He has written the "Gear Talk with Chuck" blog for Gear Technology since 2014.

Does New Technology Require New Companies?

October 18, 2016
Charles D. Schultz
No Comments
Our society seems enamored with new technology and the fortunes that can be made through a startup company. This has always puzzled me; a number of examples come to mind. In the late 20th century Pittsburgh’s media was dominated by reports of a local software firm going public. The initial public offering put a value on the firm that exceeded Alcoa’s, a titan of our “brick and mortar” world. Within weeks the fledgling firm’s value started to plummet and eventually it was purchased by a larger operation that closed up the Pittsburgh facility and moved a small number of employees to California. Around this same time we were subjected to the hype of the Segway launch. This story also had a local connection; I even interviewed for a chief engineer job at the start-up gear company that was building the wheel drives for the “next big thing in transportation.” I was shocked by the lack of fiscal discipline on display and openly questioned the ability of domestic suppliers to meet the touted price point. We are twenty-plus years into the “Segway era” and that start up is long gone; the revolution seems to be limited to tour groups. Our chattering class was all excited about new ways to assist these “emerging job creators,” but far less interested in why our existing shops were closing. The new, shiny toy is always going to attract your eye but is seldom a good place to put your money. Which brings us to the present day. I have been following the 3-D printer industry for several years and recently looked up the cost of an entry level unit. This emerging technology is already within the range of the home tinkerer. Do you see a place for 3-D printing in your gear shop? What could it allow you to do that you cannot do now?    

Recent Comments

Thank you for this - Happy Saint Patrick's...

Post a comment to this article

Report Abusive Comment

Free Gear Technology Subscriptions
Subscribe
Free Gear Technology Subscriptions
Subscribe
FEATURED VIDEO
  • A Look at Helios Gear
December 15, 2022
RECOMMENDED
  • Precision Equals Performance at ZPE GripTec

    October 12, 2022
    gt0922_Page_28_Image_0003.jpg
  • State of the Powder Metal Industry

    October 12, 2022
    gt0922_Page_30_Image_0001.jpg
  • The Afterglow of Furnaces North America 2022

    October 12, 2022
    gt0922_Page_20_Image_0001.jpg
  • Reigniting the Educational Infrastructure

    December 5, 2022
    gt1122_Page_20_Image_0001.jpg
  • Profile: Continuing Education and Training with the AGMA

    December 5, 2022
    gt1122_Page_26_Image_0001.jpg
  • Reigniting the Educational Infrastructure

    December 5, 2022
    gt1122_Page_20_Image_0001.jpg
  • Profile: Continuing Education and Training with the AGMA

    December 5, 2022
    gt1122_Page_26_Image_0001.jpg
  • Precision Equals Performance at ZPE GripTec

    October 12, 2022
    gt0922_Page_28_Image_0003.jpg
  • Subscribe
  • Advertise
  • Contribute
  • AGMA
Powered byAGMA
Copyright © 2023 Gear Technology
  • Privacy Policy
  • Contact