Fessler: Exotic car rentals fail when founders overspend on passion
Aaron Fessler · 1113 His Vegas Raceway Grossed $10m in Y1, Here's How · Aug 11, 2018 · at 11:53
Aaron Fessler explains how avoiding emotional passion for exotic cars helps Speed Vegas maintain strict capital discipline and financial return on assets.
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“People who get into the exotic car space often make decisions out of their own passion for a particular car. You know, they might find something new and decide to spend a lot of money on that as opposed to looking really carefully about every dollar that's spent on capital and making sure that there's a solid return for it. And so being one step removed from the passion side has allowed us to make sure that we make sound decisions.”
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