Speed Bancroft was inspired to research food automation technology after a sour experience with a fast-food worker in a drive-thru window in north Louisiana in 2015.
He had recently sold his stake in The Outdoor Shopper, a televised shopping show that he started in 2009, and was in an “idea creation phase” of life. For the next two years, he traveled to shows learning about food and automation technology and he developed his own bench-model prototype of a hamburger robot.
Since then, he’s pivoted to an automated pizza concept and a fridge concept that serves a variety of items. “It’s all about raising capital,” Bancroft says. “Raising capital is difficult. You have to be tenacious about it and can’t have quitting in your mind—ever.”
Read the full Entrepreneur feature from the latest edition of Business Report for more about Bancroft and Speedy Eats.
