What do you work for?No. 127

The Wright Brothers — The Day a Bicycle Shop Beat a National Project

On December 17, 1903, on the dunes of North Carolina, humanity first achieved powered flight — by two bicycle shop brothers from Ohio. Twelve seconds, thirty-six meters; those twelve seconds changed the world.

The tale's delight lies in the rival: the era's favorite was Professor Langley's team, famous and funded lavishly by the government. The Wrights researched in obscurity on bicycle-shop profits. History records the result: Langley's machine plunged into the Potomac, and nine days later the unknown brothers flew. What made the difference?

The number of experiments. In a homemade wind tunnel they tested hundreds of wing shapes and made nearly a thousand glider runs, learning the sky with their bodies. Not the size of capital but the count of verifications decided the match.

If big money always won, no new company would ever be born; the small have the small's way of winning — test fast, cheap, and often.

What do you work for?

— Tomoki Nagano, Chairman & CEO, INSTINCT BIO TECHNICAL COMPANY (NASDAQ: BIOT)

About the Company

The Nasdaq-listed company where the author serves as Chairman.

This series reflects the personal views of the author. It is not an earnings forecast, a valuation of any security, or a solicitation to invest.