She works as a Social Media Coordinator at GSU’s Entrepreneurship & Innovation Institute.© 2008-2022 Sovereign Wealth Fund Institute. Stephanie Scott is a Georgia State University student studying Journalism. We would like to start working with bigger corporations. We’re working on generating a better sales strategy and hiring more employees. What are your goals for the next six months? Atlanta is far from being the next Silicon Valley, but we’re getting there. There is a great tech community in Atlanta. We love what Atlanta has to offer for startup companies. How has being based in Atlanta affected your startup’s growth? It’s important to give yourself a salary, and include that as a necessity in the company’s budget. I learned that it is important to reward yourself when you’re working hard to establish your startup. What are some lessons you’ve learned as you grow your business that may be helpful for others? We want to brand ourselves as a very fun and friendly company by how we market ourselves on social media and interact with the public. We also separate ourselves by our culture.
However, we are different because we occupy the crypto space - whereas they do not. There are other companies that we share the name BitCraft with, and they also specialize in technology. Who are your competitors and how do you stand out? We’ve been profitable since day one by doing work for companies and getting paid for that.
#Bitcraft fund software#
We are impacting the market by educating people who may not know what the blockchain and cryptocurrency is, and creating software that’s easy for them to interact with. We are bridging the gap between cryptocurrency and blockchain technology and the end-user. So much so that there is a demand for software developing talent. Within the last year, the amount of apps that use cryptocurrencies and blockchain technologies has been steadily increasing. We figured that it would be good for us to do consulting work so that we can use the money we make to finance our work on Hail and other internal products. Together, we started talking about how we could make working on this product sustainable for ourselves. He called a meeting and asked us if we wanted to help with the software he called Hail. In October of 2017, Harsha told us that he was working on a Bitcoin product. “We consider ourselves ‘infrastructure experts’ that work with blockchain and cryptocurrency technologies,” says Ferrer-Labarca, now BitCraft’s Chief Commercial Officer.īelow, this young founder shares more on what unique services they bring to the cryptocurrency space, how they’ve funded their own growth, and why it’s important to pay yourself first. They create apps, do web design and build additional infrastructure that make blockchain and cryptocurrencies more accessible to consumers. Today, their crypto-focused software development agency, BitCraft, is thriving, employing an additional three employees and already turning a profit. More and more startups - and large companies - are utilizing blockchain technology, and venture funding in blockchain-based startups in 2018 is set to surpass last year’s totals. The friends quickly realized the hype around blockchain hid serious promise for this technology. In order to fund the development of their own cryptocurrency software, Goli and friends Luis Ferrer-Labarca, Zach Bloomquist, Caleb Lewis and Sri Rajasekaran began to work as outside consultants and developers for other cryptocurrency companies. Recent Georgia State graduate Harsha Goli was busy honing his skills in coding as a member of the school’s “PantherHackers” club when he decided to dive into the world of cryptocurrency.
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