I raised $200,000.00 to build a custom, high-end router!
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- Опубликовано: 21 авг 2024
- 🚀 Intro to the series, if you haven't seen it yet: • I'm making my own high...
Links to websites, mentioned in the video:
➡️ SAFE: www.ycombinato...
➡️ Registered agent company: www.northwestr...
➡️ Our lawyers: www.nlaw.co/
➡️ Aljaž's personal website: www.aljaztitori...
➡️ ASML: www.asml.com/en
➡️ TSMC: www.tsmc.com/e...
I've lived in Silicon Valley for 11 years and I've learnt more about starting a startup from your videos than I've ever learnt here. Thanks for letting us follow your journey!
Thank you, I appreciate it! There's plenty more to come! 🙌
Monolith Systems sounds bad ass :)
Found your channel a coule of days ago. Ive no need for a 10gb router but listening to you over the past 15 videos and your explanation of every single trip of the journey has me excited to follow you on your journey , oh and i will def be buying one for my little 1gb home network. Many thanks from 🏴
Thank you, I appreciate the kind words, there's plenty more to come!
Co founder more like 2nd wife
Yup, pretty much. 😂
Congratulations man! Very happy to see your progress. This is very motivating
Cool to see another video!
Just one thought I had:
- I'm no legal expert, but I've heard that incorporating in the US means you have to follow certain laws, the most prominent example being that (I believe? I could be wrong here) you must hand over user data to the government if requested by authorities. Just food for thought.
Honestly, I have no idea (yet), but I'm sure the lawyers will advise me well if it came to that.
This would be the case in a lot of jurisdictions, not just the USA . If a company receives a subpoena from local law enforcement, you have to comply with it. You can't just ignore the police. The usual solution for user data is to store as little data as possible - just the essential data you absolutely need. You can't hand over data you don't physically have.
Nice content. I came for the router but finished with startup 101 class. This video should be named "How I build a high-end router company with 200k initial funding".
It would make more sense, yes. Maybe I'll make one with that title as well. Once the router is developed? :)
@@tomazzaman Look forward to seeing your router
I remember when you first announced this! Great work!
I'm actually considering buying one since my neighborhood is getting fiber installed.
Keep in mind, best case, we get this done by the end of the year. Too complex to do it any faster.
I totally understand, my ISP will probably provide a router for me to use until yours breaks the records. Once again great work and best wishes
TP-Link Omada ER8411 is a decent choice until this one is available.
Very happy to hear; can't wait to see where the company goes. Best of luck👍
Thanks 👍
This was super interesting. Refreshing to hear so much about the details and all the things that are required to start a company. I'm excited for follow up videos and of course the product eventually
Thank you! Can't wait to show more!
Wow, man, I like "build in public" movement and you make it amazing, please keep share detail, not only technical, but and business, management, legal and more... Thank You!
You're welcome! And yes, count on it - I'll share as much as I'll be able to!
Interesting video as always! Just a few questions:
1. At the end you said US based company. Why did you choose the USA?
2. Did you consider the tax implications of the country of incorporation?
3. Have you looked into any government schemes or grants to help fund startups?
Looking forward to the next video. Good luck!
Thank you!
1. The biggest investor(s) come from the US, the main target market is also there, so it made sense, logistically. Well at least in the long run :)
2. Yes, of course, to great lengths.
3. Nope, not yet, but will ask the attorneys and accountants whether it makes sense to look around for that. I'm not too hopeful because the ownership is completely out of US. Will report back once I know more!
@@tomazzaman Thanks for the reply, definitely makes sense in that case! I’m excited to see the progress and the final product, the project is awesome.
@@dsb2 you're welcome! Thanks for the support!
Looking forward to watching your progress. And especially if I can run VyOS on your router, I’ll buy one when it’s available!
Congrats!! Really awesome to see the progress! ❤
Thank you!
Wohoo found this channel again. Time to catch up on router videos.
As long as you don't pull the rug. You know, probably a lot of people are waiting for you to fail. I am really looking forward to seeing you succeed. I want to buy this product. Consumers have the lamest home routers ever.
Actually, from what I've seen here, on the channel, there's A LOT of people waiting for me to succeed. And that provides TONS of additional motivation to push forward.
I'm just getting started. 💪
Interesting stuff! It is a bit sad, though, that you've chosen to register the company in the US. I think it would be much cooler if the final product (should it succeed) were marketed as a European one.
I'll be making a video on this topic soon. There are reasons behind this, of course, and good reasons at that.
Exactly what i needed to know. Thanks Tomaž. Greets from Ljubljana.
Not sure if you can answer this right now, but could that router handle PPPoE sessions using multiple threads CPU cores?
Honestly, I can't say yet. Please remind me in a month or two when we start testing the CPU on the development boards and I'll try to see whether that's the case or not.
@@tomazzamanok I will thank you
I've been biding my time before getting a router like this because all the ones I find reviewed by other homelab channels always have some quirks or issues I can't get over. Very excited to see this idea come to fruition as I can genuinely see every step of design and know that everything on my list is being checked off
Thanks, I'll do my best to satisfy everyones needs. Sometimes, compromises are of course necessary, but we're trying to plan as best as we can to minimize them :)
congrats! Really fun to watch your progress
Congratulations! Keep going man
really wishing you the best for this project to succeed
love the aluminium idea for the case
cheers from austria ;)
Thank you!
*waves from close to Bad Radkersburg :)
oh on vacation? ;) have a nice stay!
btw. are you on IG/fb also to follow?
Always fun explaining non-cyrillic slav special characters to someone who isn't a slav. Having a co-founder who wholeheartedly shares your vision is invaluable though, so this bodes really well!
Yep, on both accounts! :)
this is looking up and better with every video. wish you too the best of luck
Pozdrav iz Srbije! Želim vam uspeh sa ovim projektom! :)
Puno hvala! 🙌
Hopeful and optimistic, i really hope this takes off mate!
Thanks! 🙌
Your explanation was really good, and it even answered a question I had without directly answering it. Although I still feel like starting a company is a large task, it feels less intimidating now that I understand more of what goes into making one. Because of that, I would like to thank you.
Starting a company might seem intimidating if you've never done it before, but it honestly isn't that big of a deal, I'd even argue it's the least of your worries once it's up and running - because you have to focus on how to make money :)
A few years ago a ‘monolith’ appeared in the Utah desert. It was all over the internet as a mystery where it came from. I love the name of the company.
Can't wait for part 2
dude, amazing progress. i hope this is comes to production! very exciting!
Thanks!
Nice man! Congratulations! Hope to see more content for the router and will buy it as soon as sales open.
Thank you, appreciate the words of support! Keep in mind, it'll take us a while to actually develop and manufacture it - best case, end of year.
Holy shit shares for 0.0001 usd I definitely wanna buy some of that
I think the name „blue monolith“ goes hard. Blue because of the routers color.
Looking forward to buying one day. Contrasts on the funding!
Thank you!
Monolith sounds too close to Monolithic from MPS (Monolithic Power Systems)
I think just "Monolith" is a cool name. I'm anxious to see this endeavor through! Keep it up!
Thank you!
Monolith Networks sounds good, good to remember. You can use 2001 soundtrack in advertising :) There might be some negative meaning to it in IT world, not sure if this is relevant here. Maybe you can play with the word a bit - ’Lith Networks. Ah don’t mind me.
As for company's name i wouldn't limit myself to "X-networks" or "X-systems". While it's surely OK to produce windows and doors while your name suggest that you're producer of wires (we have this situation in Poland ;d) it works for known brands.
I'd rather put my bet on some generic name but referred to my current line of products in company's slogan or key letters.
For instance, if you're after "monolith-something" but currently being interested in network market, stick to just "Monolith SK" and use letters to form catchy slogan (imagine boxart of your product) like
More
Networking
Lighter
or
eMpowering
Nerdy
Labs
:P
This way if you ever want to pivot on something different (keep in mind that youtube was ment to be dating service) you can use the same principle to be recognizable while not being held hostage in realms of decade old business idea. Furniture? Making New Livingspace. Food? Meats areN't Luxury :P. Automotive? Motosports Like Tuned.
Other way is to include founder's initials into name but good luck with something catchy out of TZAT :P
Hm, actually, that makes a lot of sense. In all honesty, I'm not too worried or focused on the name itself, because it's fairly easy and straightforward to either rename the company or simply make up brands and brand names that belong to that company and share nothing when it comes to names.
I'll keep this in mind! Thanks!
Cool stuff.
I'm not sure if you'll see this comment, but I run a small (2 man) 3D Design company run out of Vancouver Island in Canada, and we would love to be a part of your project. I've been following since the start and I'm very excited to see where this is going! I'd love to get in touch with you, is your business email on your channel page the best way to do this?
Drop me an email which you can find on the channel page. 🙌
@@tomazzaman Great, will do, thanks!
Bravo Tomaž, i srečno!
Hvala!
Asking Aljaz^ to join is like we'll be moving to complete vertical integration in few years. Maybe Monolith Network Instrument Inc.
It's a pity that you're exceptionally unlikely to be doing any silicon fab, because otherwise "Monolithography" might've been a nice portmanteau name.
Ha! That's actually a cool name, but you're right, no silicon fab here 😅
Very interesting. Keep up the good work 💪.
Thanks!
Sorry if you already mentioned this, but are there any ideas as to what kind of software the router will run? Will it be based off of something currently open source, or will it be completly new, and if so do you plan on it being open source or closed? Again, very excited for this project.
As we want to focus on hardware at first, our plan is to get OpenWRT running on it. We plan to ship the very first version like that but my personal goal is to have OPNsense running on it. And open source as much as possible (while still keeping something to ourselves for competitive advantage, of course).
Monolith je priklical asociacijo na razvijalce računalniških iger, igranih zdaj že nekaj desetletij nazaj. Čeprav temu nisem posvečal neke podrobnosti, verjetno zato, ker je dobro ime. À propos, izdelek ne bo zgolj high-end tehnika, ampak tudi, jasno, kos izbranega dizajna, a bo tudi ta tehnika enkrat npr. zastarela. Sklepam (laično seveda, sem softveraš, ne hardveraš), da bo izdelek tako ali drugače upošteval ali predvidel pravico do popravila (right to repair, podjetje v ZDA). Recimo, da lahko zamenjamo pokvarjeno elektroniko. Če bo na neki točki, ko bo ta elektronika postala zastarela oz. bo na voljo zmogljivejša, mogoče elektroniko zamenjati z novejšo in ohraniti ohišje ... mnogi so že poskušali (čeprav ni analogen primer, npr. Googlova Ara, kakopak prinaša dodatne komplikacije, probleme in stroške), a imeti (subjektivno) lep, zmogljiv izdelek, ki je hkrati še popravljiv in nadgradljiv (future-proof), potem je to filozofija, ki diferencira ta izdelek v morju drugih. Tipkovnica je bila dokaz, da je mogoče marsikaj. Vso srečo.
Hvala! In ja, sem precej velik zagovornik righ to repair, ceprav obenem tudi "izdajalec", saj si lastim kar nekaj Apple naprav :) Skratka, kot lahko vidite, bom kar se tice samega dizajna, tako PBCja kot tudi ohisja precej transparenten in si celo zelim navdihnit cimvec "hackerjev", da se bo z napravo ukvarjalo na hardverskem nivoju in porocali nazaj, da jo bomo lahko se izboljsali.
So... can we buy shares and how?
Unfortunately, investors only.
Looking forward to see the HW, would be nice to have something more custom built and non proprietary. I have a question, will you make your own OS or will the machine support installation as well of other OSes such as OPN, OpenWRT etc.?
Absolutely no desire to build own OS. It wouldn't make much sense either, nor from practical, nor financial sense. The first iteration/version we plan to use OpenWRT, just because it's the easiest to install but in the longer run focus on porting OPNsense.
@@tomazzaman perfect, personally I use both systems. OpenWRT as AP with Vlan tagging per SSID and OPN as FW/GW for the network. Looking forward to see your HW, best wishes I hope and wish it will be a success.
@@MiFonito thanks, your support means a lot! 🙌
missed your last video but saw this one.
Welcome back!
I don't like the "monolith" naming, seems very personality missing. I still think you should name the product, and the company, after something more meaningful. Like the name of a river closest to your home?
"Krupa networks" sounds interesting to me (not sure where your home is, but this river name is stuck in my head).
Question: can we buy shares? Or at which point will we be able to?
Thanks for bringing us along for the ride, good luck, fingers crossed!
Thanks for the input! Shares aren't public, but if some day they become, well, that will be the best outcome of this project one could wish for :)
MonoRouter
Not sure if the company name will run into legal issues. That’s a brand that monoprice uses.
Thank for pointing that out!
Jaz bi kupil kako delnico ali dve... Za podporo 💪✌️😉😎
Name it MREžA and use Ž for the logotype. :-)
Hahaha, not bad!
What software do you want to use as a firewall?
Initially, we want to start with OpenWRT, but the next step is try to port OPNsense.
Not keen on Delaware as the incorporating state. This is widely regarded as a tax heaven. Maybe you should defend/elaborate on that choice in a future video?
Not a bad idea. Will write it down for a future video indeed. Thanks!
It's not really a tax haven. There is no state corporate income tax, but several states offer that. The company is still subject to federal income tax.
As far as I can tell, it mostly has to do with the predictability and familiarity of their corporate laws and courts. A lot of investors *require* incorporation in Delaware for this reason.
MonoliTech
Komentar :D Ker nimam čist nekega konstruktivnega komentarja, vem pa da šteje :D
I think you have forgotten the most important thing. Eindhoven has one of the biggest open air music festivals in Holland. Sooo... oh yes, the router - very happy for you and your small first step and hopefully for us and humanity as a whole (big step, big smile?.... sorry, giant leap. That's it! I knew I had it). BTW if you go to US tax evasion state (yeah, Delaware is on the world's list as a 2nd biggest tax haven in the whole world. I think so. Delaware, don't sue me) be careful not to encounter and especially touch Elon Musk because that is 77 years of bad luck. Unless you have some hidden emerald mine in Bled. (who says ChatPG13 never heard of Melania and her lovely country... of origin, of course). Also, the name Monorail Inc rocks! (Simpsons joke for younger audience... :)
I didn't know that Eindhoven had those festivals. I guess I will have to go there during one,... for research purposes? 😂 I'll elaborate on the choice of Delaware in one of the future videos.
Most importantly, a registered agent is the one who can be served with paperwork to initiate a lawsuit. 😂 It's not just for companies with foreign founders!
Also, don't forget that there's a new law in the US which requires you to file a listing of Beneficial Ownership with FinCEN within 30 days of incorporating.
Yep, both the accountant and the lawyer have brought this up - so you can bet it's being worked on haha.
Hey Tomaž, how much Euros to get in to this if i want to invest in your projekt, and where do i sign up for it? 🙂
Get in touch via email (you can find it on my channel description)
No, your title reads that you made 200 bucks. $200.000 is 200 dollars, not euros or pounds or other currencies. 200.000 is just 200, if you want 200,000, don't use a period.
€200,000.00
There, fixed. Let's see if it makes a difference! :)
Please no Kickstarter!
It's highly unlikely. Only as a last resort.
Can we buy shares in your company?
Unfortunately, they aren't public. Well, unless you want to be a proper investor, in which case you can contact me, email in the description of the channel.
AFAIK, you need to be an "accredited investor" under US law. This is to protect the public from risky investments. See www.sec.gov/education/capitalraising/building-blocks/accredited-investor for the requirements.
yeah Delaware. Go Bluehens
Congrats,
Digital Monolith?
Thank you!
MonoLeet :)
Monolithique
0:28 Awkward or actually scam artist alert?
It fluctuates a bit. and it was 194 when I checked before recording the video.
MonolithNet
MonolithConnect
MonolithLink
MonolithTech
MonolithWave
MonolithRouter
MonolithStream
MonolithEdge
MonolithNetWorks
MonolithConnectivity
Also, with the word veloxius, which is Latin for velocity, speed, very swift, very fast, these might interest you as well since it is a fast high-end router;
VeloxiusNet
VeloxiusConnect
VeloxiusLink
VeloxiusTech
VeloxiusWave
VeloxiusRouter
VeloxiusStream
VeloxiusEdge
VeloxiusNetworks
VeloxiusConnectivity
Came for nerdy content few weeks ago. Will stay for investments and shareholding details with nerdy background;d
Whole idea of explaining to us mortals what's in between idea and new device on the market is fascinating as you often hear that one had great idea, some magic dust was sprinkled and *poof* appreciate my kickass-o-tron 4000!!!!1
Here it doesn't sound very straightforward but what's of actual value of this blurb is that founding fathers can solely focus on their idea while "outsourcing" so to speak legal stuff with minimal effort of decision making to lawyers and at the end of the day all the concepts of shares, making agreements with participants CAN be actually grasped by regular Johnny (or Jozef i should say 😅).
What I'm a big fan of, is either delegating or outsourcing. And I learned this the hard way. After you burn out a couple of times for trying to do everything yourself, you realize not every battle is worth fighting as it's easy to lose the sight of the bigger picture.
And since I'm not 25 anymore, that becomes even more important. Healthy body -> healthy mind -> healthy relationships -> healthy business. In this order.
Damn, Monolith something would of been cool but there is already a company in the US that might contest having a similar name 😅: en.wikipedia.org/wiki/Monolith_Inc
Kryolith?
Yeah, and then there's also Monolithic Power Systems, which is close.
US trademarks are usually industry-specific. A USPTO search will tell you what category of goods and/or services a federally-registered trademark covers.