How to start a business AND stay in college

posted in: Entrepreneurship | 0

This article originally appeared on Forbes.

glydesdale team

Nate, John, Chris and Tyler in 2013

This is the story of Nate, John, Chris and Tyler, who started a company while attending MIT and decided to start a business AND stay in college at the same time.

I first met Nate Robert and John Reynolds in March 2013. Nate (then 22) and John (then 21) were seniors studying Mechanical Engineering at the time.  In the previous semester, Nate and John took a mechanical design class (MIT 2.009), where they became intrigued by the problem of delivering beer to pubs without elevator access.  Traditionally, beer distribution companies use dollies that cost around $300 each.  Delivery personnel would stack two kegs on each dolly, then bend over and bounce 320 pounds of beer up and down flights of stairs.  Not only does this destroy the dollies, but repetitive back strain for delivery men results in a high injury rate, costing these companies millions of dollars every year.

To solve this ergonomic and mechanical problem, Nate and John built a new kind of dolly with a patent pending fold out handle and a gliding mechanism.  This dolly allowed delivery people to walk upright while guiding the dolly accurately and not bouncing on the stairs.

kegThis project caught the interest of Anheuser-Busch inBev, who approached the team with a lucrative development contract. Suddenly the team found themselves starting a company, adding team members (including co-founder Chris Benson and VP Engineering Tyler Wortman), doing complex business negotiations and developing a product development and manufacturing plan, all with two of them trying to graduate in June.

Read the full article on Forbes

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