“Originally, two members of the start-up team that makes companion products, one team that started the electric quick board service platform, and myself, who was a start-up team that manufactures vacuum cleaners, experienced failure in the manufacturing process and started a new business together. We also received government subsidies, but the budget was insufficient. In general, it is almost impossible for startups to jump into the current manufacturing industry. It is very difficult to make money.”
Yoon Yoon-yeol, CEO of BOLT&NUT, 스포츠중계사이트제작 a start-up for product manufacturing and expert matching platform, said in an interview with Case News on the 10th, the reason why he founded Bont & Nut last year. “For example, Samsung manufactures laptops and mobile phones in large quantities, so it can be released cheaply, but in startups, even if they make just one prototype, it can break from hundreds to 100 million won. Even if they make it, the factories don't do well with the initial quantity of 1000 pieces. Besides, it is expensive,” he pointed out.
For this reason, it is generally not easy for startups to go through the manufacturing process and sell them. The key is to find a producer with the capability to lower manufacturing costs. For this purpose, Bolt & Nut launched a platform service that connects startups and producers. The four early co-founder members also experienced difficulties in mass production and sales in the process of starting a manufacturing business, and experienced the difficulties of the startup manufacturing field as they became in debt. It is said that the name "Bolt get more info & Nut" is a symbol of the manufacturing industry that makes something, as well as the feeling of a connection between the developer and the contracting company.