Ballhype, Inc.
We took the plunge and incorporated so we are now Ballhype, Inc. The other option was to save the money and remain a partnership until we knew for sure if this was going to take off, but we wanted to let our advisors knew we were serious about the business, and the risk of getting sued and losing our house, however small, was enough to make me vote for spending the money. So now we are in the process of issuing stock, opening a Ballhype bank account, and after 4.5 years at Intuit, I finally have a reason to learn QuickBooks. My copy is probably a couple of years old so I will have to hit up my former colleagues for an extra NFR.
Our office set up is not great and the filing system needs help. The amount of paperwork generated by this little business that hasn’t even taken in any money and has a couple hundred beta testers is rather ridiculous. Thank god for lawyers, although it’s lawyers in the first place that made the language and guidelines so difficult that you need lawyers to navigate the process. (There’s a business model for you.) I do have to give a nod though to Yokum at WSGR who has been very helpful and surprisingly responsive. I had assumed that one cost of working with a large law firm would be having to wait for days whenever I had a question, but that has absolutely not been the case.
Posted by Erin 
15.Mar.07
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