The world is arguing about Bitcoin’s energy consumption again, this time from opposite ends of the political spectrum.
Chinese premier Xi Jinping and Tesla founder Elon Musk might differ ideologically, but they share a communal punching bag: Bitcoin.
Elon Musk became a cryptocurrency hero when he announced in February that Tesla would accept payment for its products in Bitcoin. Musk later backtracked and said that Tesla actually wouldn’t accept Bitcoin until it had a better energy track record. Chaos ensued.
China is also reducing its environmental impact and Bitcoin mining is in the firing line. Home to the majority of…
Shortly before I moved from CEO to Chairman, we passed the milestone of 100 employees. I took the opportunity to reflect and put down in words some of the key points I wish I’d known from the start.
The rest is coming soon!
Part 2: 🎓 Personal development 🧘♂Work/Life balance
Part 3: 📣 Communication, scaling and structure 🎖 Culture 👔 Hiring
Part 4: 🤑 Fundraising: Why, when and how much? 🎯 The process 🧮 Cap table & negotiations
Part 5: 🤔 Final thoughts
This is part of a series. You can find a link to all the parts here.
Most people’s think that they will get rich, be their own boss, have impact and change the world. Let’s unpack these.
Most startups fail and during the early years you typically have to accept a lower salary than you would do working for another company.
Yes, you will be your own boss, but consider the following. If you follow the typical startup path, you will make losses for the first ~5 years and then make lots of money later. …
On Wednesday the 19th May 2021 Bitwala became Nuri.
This was a historic day for us and we wanted to do something special to remember it. We also needed a way to reward the incredibly talented and hardworking people who invested hundreds of hours in making this a reality.
So, we decided to give each employee an NFT to commemorate the day.
We decided to thank every employee who had contributed to the relaunch with their own commemorative NFT.
If you have any suggestions or feedback, please feel free to suggest changes here.
Since I started mentoring early stage startups, by far the most questions I got was around fundraising, especially about how much to raise and how to find a valuation. This article is an attempt to demystify the process.
Two schools of thought:
1. Raise as little as you need
2. Raise as much as you can
On the 26th of March 2021 I announced to the company that I will no longer be the CEO of Bitwala and will move to a chairman role.
I will become chairman of the board and our wonderful CPO, Kristina, will step up to the CEO position. As co-founder of Bitwala, I’ve been here since the beginning. In fact, I’ve been here since before the beginning! I’ve seen the company grow from three people with a dog and lots of big ideas to the 150 person scale-up that we are today.
So, when I announced that I was moving from…
RobinHood has reached decacorn status with European players like TradeRepublic receiving massive funding rounds off their explosive growth.
And why should that be a surprise? Millennials are on the receiving end of the biggest wealth transfer in history at a time when interest rates are zero. They’ve got to put their money somewhere and a zero-fee, mobile-first broker experience is certainly going to win out over the traditional brokerage that your Dad is using.
Today, young people are flocking to neobrokers (myself included) to start investing in stocks and ETFs.
Neobrokers have been disruptive. There’s no denying that. But when…
My 30th birthday was in a week. For many young adults, this would be a time of mixed feelings. The excitement of a celebration with friends and family, but perhaps also the concerns of getting ‘old’ and maybe even a quarter life crisis.
In my case, I didn’t have time to think about such luxuries thanks to an unexpected birthday present: thyroid cancer.
I haven’t shared this story publicly before, but I wanted to write down what happened and how I reacted. I can’t promise to write the definitive guide for dealing with all medical conditions while running a company…
Bitwala is integrating a custody wallet alongside our non-custody wallet solution. We wanted to take the time to explain what is changing, why and how it will affect our customers.
What is changing
TL;DR Decentralised Finance (DeFi) is the recreation of financial products (e.g. derivatives) and services (e.g. lending). DeFi will innovate far faster than traditional finance, but will be unable to break out of its niche without the trappings of modern FinTech.
I am extremely grateful for FinTech. Aside from providing me employment for the last years, the use of banking and financial services are far more enjoyable now than they were a decade ago. When I first moved to Berlin, getting a bank account was a bureaucratic nightmare of paperwork and bad German. …
Startup advisor | Co-Founder & CEO/CTO @Nuri