Andreas and Simon are fascinated by cryptocurrencies. What they are less fascinated by, however, are existing software solutions for investing in coins and tokens. That's why they are now working with their startup HiCrypto on a central platform that will serve as a comprehensive crypto investment assistant for users.
1. Who are you and what do you do? Please briefly introduce yourself and your product!
Andreas (28) and I, Simon (30), have known each other since our bachelor's studies in Regensburg. We lived together, studied together, and know each other's minds. Andreas moved to Passau for his Master's in Finance, while I moved to beautiful Munich for my Master's in Marketing Management. For the past three years, I worked as a Digital Product Manager at the Munich-based company builder mantro GmbH. Andreas was a trainee and financial advisor at Bayerische Landesbank.
Our fascination with cryptocurrencies and blockchain technology brought us together professionally at the end of 2017. There were and still are too many products and incomplete software that we no longer wanted to use for investing in coins and tokens. So we put our heads together and thought about how we could change that.
With www.hicrypto.io we fundamentally improve investments in cryptocurrencies.
We're creating a central platform where all holdings, purchases, and sales are automatically broken down and aggregated, regardless of the wallet or exchange used. By connecting and benchmarking with other users, we're finally putting users' investment behavior into context and providing personalized behavioral analyses. Users define who they want to compare and exchange with. Think of it like a personal crypto investment assistant that helps them get the most out of their investments.
“There is a great demand”
2. But that's been around for a long time!
No, honestly not. There are definitely approaches in that direction, but none that combine the best of coin tracking and social investing. There's a lot of movement in that market right now, but that's great – it means there's a lot of demand.
3. What has been your biggest challenge so far?
Coping with only 24 hours a day, 7 days a week. We're currently looking for additional seed investments, team members (tech and marketing), and preparing our own Initial Coin Offering (ICO). Time-wise, it's truly a balancing act we're currently pulling off.
4. Let’s get down to business: How is business going?
Well, we started in December 2017. We were in the Startup Incubator of the SCE A roof over our heads, Wi-Fi, we have the first partners on board to support us with product development and the ICO, the product concept including token design and prototype is taking shape…
So, we would say that things are going well so far. www.facebook.com/hicrypto/ and www.instagram.com/hicrypto/ There are a few more insights into our founding and how things are going.
5. What does Munich mean to you?
Home, friends, network, tech expertise… Overall, a great location to build a digital business.
“Fail fast to become a unicorn”
6. What do you like about Munich's startup scene? What do you think is missing?
In Munich, everyone knows everyone, even within a couple of blocks. This makes networking incredibly easy. What's missing in Munich? Affordable office space and more event formats that connect startups with early-stage investors.
7. How will your startup become the next unicorn? Or will we see you soon at Epic Fail Night?
Fail fast so it becomes a unicorn ;-). Either way. You can only win if you start a business.
