Startup incorporation
One of the first crucial decisions you’ll make as a founder is choosing the right business structure. Your long-term plan for the company, along with how you plan to fund it, take out dividends, and report taxes, will all drastically impact the corporate structure you should choose. While changing your startup's incorporation structure is possible, it will create large headaches and bills and is generally not advisable as a strategy. The main benefits of incorporating your startup are:
Video conferencing
Before Product Hunt, I spent several years building a competitor to Zoom (not successful, but quite rewarding). I’m left with a healthy appreciation for how difficult these tools are to build - in fact, they may be one of the most complex, unreliable tools that we use on a daily basis. On the surface, video chat seems simple, but under the hood there are a myriad of adaptations and tradeoffs that are being made every few milliseconds in response to network and device conditions. Speed matters. Reliability matters. Resolution matters. It’s like the internet itself - dive a bit under the surface and there be dragons.
Rajiv Ayyangar
CEO at Product Hunt
Data analysis tools
By now, I’ll assume everyone has heard the trope, “data is the new oil”. As someone who actually spent time in the oil and gas industry, I can tell you confidently that this is a terrible analogy. Oil is extremely dangerous, difficult to transport, and you have to burn it to get value. Data is invisible, floats around over wires, and you push buttons on your computer to do math with it.
Barry McCardel
CEO and co-founder at Hex