We were built on a fundamentally crazy idea – the idea that everyone could be an investor. That eventually evolved into everyone can be an entrepreneur- and then we said why can’t they do it from anywhere in the world?
We believe in entrepreneurship and we know that it is the greatest driver for social change and impact, which is critical today after the economic devastation of COVID-19 to economies in established and developing nations.
ASTRALABS management philosophy is based around decentralized business divisions that can adapt, move, and innovate through strong top level leadership and independence with a focused and centralized vision.
In general, our model is to have a strong President who runs each business, with Nihar and myself in service to them as needed. Fundamentally, ASTRALABS believe this allows us more management scale, as we can run each division independently together.
We will rigorously handle capital allocation and work to make sure each business is executing well. We’ll also make sure we have a great leader for each business, and we’ll determine their compensation.
We are not a conventional company. We are not Apple, we are not Google, and we are not Amazon. They are now the conventional companies.
And we do not intend to become one of them. We are focused on vertical integration and taking smaller bets in areas that might seem very speculative or even strange when compared to our current businesses.
We strive to do more, and to do important and meaningful things with the resources we have and that will drive the innovation of our companies.
This new structure will allow us to keep tremendous focus on the extraordinary opportunities we have. Nihar and I are seriously in the business of starting new things and building profitable business lines from day one.
While companies like Alphabet, Google, and Tesla focus on world changing independent technologies, we are focused on the business of building technologies and the infrastructure to ensure that the next generation can build them easily and efficiently.
What does that mean for shareholders? ASTRALABS will replace Newchip Inc. as the publicly known and front facing entity, all shareholders now being owners of ASTRALABS stock and Newchip becoming a wholly owned subsidiary.
For Nihar and me this is a very exciting new chapter in the life of Newchip—the birth of ASTRALABS.
We liked the name ASTRALABS because it means a “to the stars” and “to labor”. We see ourselves as the foundation upon which entrepreneurial dreams become a reality, take flight, and reach escape velocity – thats what we do.
I should add that we are not intending for this to be just a single brand with only related products—the whole point is that ASTRALABS companies should have independence and develop their own brands alongside our shared mission.