#55 Double-digit increases in dealership auto theft, Adapting to the future of cars, Losing $10,000 a year in keys | Steve Baucom, President of KEYper Systems
In this episode, I'm speaking with Steve Baucom, President of KEYper Systems
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Topics:
(00:00:00) - Intro
(00:02:40) - Steve’s journey into auto
(00:04:37) - Realizing the major key problem in the industry
(00:06:25) - Financing the business
(00:07:12) - Did you have a gut feeling of ‘this is going to work’?
(00:08:35) - How were you able to build this 35 years ago?
(00:11:28) - Is there still opportunity for niche hardware businesses in the car industry?
(00:13:24) - How do you innovate against the possibility that keys will go away?
(00:15:33) - What is the practical next step for keys?
(00:17:20) - How do you maintain a culture of innovation?
(00:19:38) - What does your product look like today?
(00:21:48) - Selling the company
(00:25:52) - Is there competition in this space?
(00:29:04) - What theft trends do you see at dealerships?
(00:32:39) - Crazy stories
Check out Keyper here.
Get in touch by emailing sales@keypersystems.com
Check out the website for more (https://dealershipguy.com) and follow me on X @GuyDealership! (https://x.com/guydealership)
This podcast is for informational purposes only and should not be relied upon as a basis for investment decisions.
