If you’ve ever thought sailboats were simply thrown together with a hull, a mast, and a sail you would be mistaken. The copious measurements in a sail-plan alone would amaze you. I’ve been sailing my entire life, and never imagined there would be such a range of measurement variables. That is, until I began researching the vast (however finite), variables and how they’ve been exploited to build performance racing boats.
With that, be on the lookout for a new product launch from Regattable Inc. coming soon!
Production Node.js Secrets
I’m sick of the random downtime I get when I deploy to nodejitsu (it makes no difference how much testing I do locally, I literally hold my breath on every deploy to their servers) so I’ve been collecting resources to run a production Node.js server. I’ll be updating this list as I find more awesome resources.
It takes a special kind of person to be able to work in the fast-paced world of startups. As I look around the incubator and I see numerous tech companies -the majority of which are software, I can’t help but notice a pattern. They write code, do some business planing, and then raise money to scale. For us here at Regattable Inc. we’ve flipped the recently popular startup path on it’s head.
Our first six months was developing CAD drawings and physical scale prototypes to prove our concept -not to our investors but to ourselves. Now that we’re sure we can build this thing we’ve been tweaking the design for performance. In the software world, if you’re a developer you spend a weekend, code a prototype, and show it to investors or get some college students to do it on the cheap if not for free. For us, it’s hiring naval architects to do things like perform finite analysis with wave simulations, something you can’t run over to the local college and have a grad student help you out with.
In the world of hardware startups there are obvious overhead and material costs which don’t necessarily exist in the software world. For one, we have a prototype that’s going to cost around $30k and there will most likely need to be iterations on that first prototype. So the questions asked now become: Do we take out a small business loan? Do we borrow the money from family and friends? Do we bring in more co-founders with deep pockets? Do we take investments from accredited investors?
The last two are tricky. With the securities laws currently here in the US, you can’t simply go out to your friends and say “If you give us $10k we’ll give you 10% of the company”. If you want an investor that’s not active in the day to day operations of the company then they must be what the SEC calls an “accredited investor” and unless you live in someplace like the Hamptons, it’s likely your friends are not accredited investors. The thing is most accredited investors are not going to invest in a company unless you have a full scale prototype. Which leaves you with the option of bringing in a co-founder with deep pockets willing to work on the day to day operations of the company or get a small business loan -maybe even from family and friends.
All in all, starting a company has made me feel more alive then I’ve felt in years. You no longer do that 9-5 job. You get up early in the morning, work all day long, go home and do more work -sometimes clear through the night. You have meetings with co-founders at 11pm on a Sunday. Since you wont be scheduling meetings with the standard work-week business types such as banks, investors, lawyers etc. on the weekends, you use that time for product development. Weekends are no longer a time to relax, but a time to get more done then everyone else out there who say’s “there’s just not enough time in the day”. You work the hours needed in order to make it happen, because that “make it happen” mentality is key to your success, and there is no longer any limit to how successful your company can become.