There is no comparison between Facebook and JBI. I myself have worked in high technology and in Capital Projects. I call JBI a Capital Projects company btw... regardless of what they say.
Technology companies are a crap shoot. They do not do proper planning and estimating (it is difficult to do with software) and so routinely get themselves into big trouble financially. Some make it big, but are almost impossible to pick and not worth the risk.
Capital projects companies follow sound management principles and know what they are getting into before spending 60 Million. They follow some type of FEL process, in other words.
JBI made a mistake in specifying or ordering those condensers. It was poor engineering, that is all.
I find it funny now how JBI is trying to say they are a technology company. Not surprising seeing as that is where the founder comes from. It is also the ultimate excuse, since these companies fly by the seat of their pants. Just another failed tech startup.
The only difference I that most tech startups don't blow this kind of money. The cost of labor is nothing compared to Construction and Equipment costs. IT/ software only has labor to deal with usually... the mistake is never that huge. But 60 Million??? whoa..
Technology companies are a crap shoot. They do not do proper planning and estimating (it is difficult to do with software) and so routinely get themselves into big trouble financially. Some make it big, but are almost impossible to pick and not worth the risk.
Capital projects companies follow sound management principles and know what they are getting into before spending 60 Million. They follow some type of FEL process, in other words.
JBI made a mistake in specifying or ordering those condensers. It was poor engineering, that is all.
I find it funny now how JBI is trying to say they are a technology company. Not surprising seeing as that is where the founder comes from. It is also the ultimate excuse, since these companies fly by the seat of their pants. Just another failed tech startup.
The only difference I that most tech startups don't blow this kind of money. The cost of labor is nothing compared to Construction and Equipment costs. IT/ software only has labor to deal with usually... the mistake is never that huge. But 60 Million??? whoa..
