Much of what I read during my nascent entrepreneurial journey, said that incorporation was often a late step to succeed a working prototype. However, while I have worked through a number of early prototypes so far (some quite widely variant from prior ones), I haven’t been able to convince myself yet that any one of them was the golden goose that I could go all-in on.
I thus decided to bite the bullet and form a corporation anyway. Why?
I’ve been meaning to get to an anecdote about the puzzle that was the Uber business model in Bangalore, India. So here goes.
I visited Bangalore — the city I am from — earlier this year. I’ve been used to driving my parents’ car around town while visiting; for the first time, though, the consensus opinion from friends and family was that I should Uber the entire time instead. I’m a fan of convenience, so I agreed.
It was pleasant: the cars were new, clean and shiny; prices were cheap when paid in USD; cars were abundant. …
I first started swimming when I was 4 years old. It was the summer of 1987. Hundreds of petrified kids would line up in a row on the wall, and ferocious instructors would bark orders at us.
Training generally worked on a premise of fear. My first few weeks involved me holding on to the wall and kicking furiously for fear of being caught out. …