Edgar Muñoz, co-founder of Aeronyde Autonomous Aerial Systems, is a never-say-die entrepreneur whose drive has helped propel his company to close its first round of seed funding in 2017 to the tune of $4.7 million.
"I've always had the entrepreneurial spirit," he said. "After college, I embarked on an entrepreneurial journey with startups in industries ranging from marketing to real estate and each failure taught me a new lesson. I became interested in the unmanned aerial vehicle (UAV) industry when I was 19. I was working on a marketing project for a client looking for aerial footage. That was 2013 when new drone technology was emerging that further enabled commercial photography. I became obsessed with it."
Two years after its launch, Aeronyde has grown into an autonomous aerial systems company that builds UAV traffic systems in a full-service, end-to-end enterprise application suite.
"We deliver turnkey solutions especially in the emergency response and management sector," Munoz explained. "We partner with municipalities and other public entities to build autonomous aerial systems for their areas. We provide a full range of services from consultation to manufacturing and hardware to software and FAA compliance. We partner with many different stakeholders to create an entire ecosystem."
Munoz's advice for aspiring entrepreneurs is that failing is just the first step to success because you learn from mistakes. He also advises following what he calls the Three Ps.
"Positivity is first," he said. "Always be positive, even in difficult times. Patience is second. Everything takes longer than you think it will. Perseverance is third because times will get tough. You might not think you'll make to the next day or week, but you can never give up."