Due Diligence vs. 'Wishin & Hopin': The True Believer Space Industry
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Developing space resources or a space business venture requires capital. Lots of it. Especially early on in the life cycle of a new business. While there are some differences in a space business as compared to a terrestrial business, there are many more similarities than one might believe. In fact, business rules are pretty much business rules be it a space business of some type or a terrestrial business in an established industry.
While business planning and due diligence are common, even routine in evaluating and managing terrestrial businesses, this is not so in some areas of space, particularly with the NewSpace industry. What makes NewSpace different? Why is it so hard to do real due diligence regarding all aspects of the business, not just for management or potential markets, but also technical and engineering due diligence regarding the end product of the company in question.
Why does the wish list mentality prevail and why are those applying real standards to claims, rhetoric, and Power Points often attacked and accused of not being with the program?
These and other issues such as assumptions making and commonly used foolish terminology and rhetoric will be discussed in this presentation.
Grand Forks, ND
Livingston, David, "Due Diligence vs. 'Wishin & Hopin': The True Believer Space Industry" (2010). Space Studies Colloquium. 30.