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Three years after that, the money ran out again and Fust filed to foreclose.
FORBES: Disruption, Inventors, and Investors
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Upon the completion of the first run of products, Fust took a large portion to Paris and there sold them.
FORBES: Disruption, Inventors, and Investors
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Unfortunately for Fust, his buyers soon grew suspicious at the large number of such precious items coming to market all at once and began to compare their purchases.
FORBES: Disruption, Inventors, and Investors
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Once Fust foreclosed, he had a once-in-a-lifetime business opportunity: keep the invention secret, churn out volumes of cheap imitations, and sell them for high prices as hand-crafted heirlooms!
FORBES: Disruption, Inventors, and Investors
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The new method that Fust now controlled allowed him to mass produce at low cost products that theretofore had been very expensive and time-consuming to produce by hand.
FORBES: Disruption, Inventors, and Investors
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Investor Johann Fust had a problem.
FORBES: Disruption, Inventors, and Investors
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Walter Fust, Director-General of the Swiss Agency for Development and Cooperation, said his Agency was supporting the Kigali summit to keep ICT for development high on the political agenda, to broaden the discussion to innovative financing mechanisms and local content, and to support "the mobilizing of the doers, not only of the talkers".
UNESCO: Communication and Information