The article will focus on Alexey Andryunin, who became a guest of the podcast “X on X” and spoke about his experience, team development, trading and venture direction in the company.

Alexey met his future team while still at school, and began practicing with computer science lessons.

“It was interesting to do this. Moreover, it was interesting to engage not in trading itself as such, so to speak, bought cheaper - sold more expensive, but just write algorithms, analyze market statistics, see how you can arbitrage certain things or make some kind of algorithmic transactions"

In my second year, due to debt, I had to go on academic leave and open my own startup. The path of development can be considered precisely from 2017, when Alexey was responsible for contact with exchanges, communication and trading. As a student, he and a friend create a bot with basic tasks for convenient work with exchanges, and then, with the help of product development, attract traders and retain investors, and with the help of a market maker, liquidity support was carried out on any assets. It was precisely this development that formed the basis for the creation of Gotbit. During a difficult period for the company, Alexey attends a conference for a small number of listeners, and there he meets Marketer Vlad.

... told me that we have this kind of software. We have one client so far, the startup where I worked, we don’t have any super clients yet, and he immediately realized that he had 5-6 clients who needed the kind of software that we developed...

After talking with a marketer, the creator of Gotbit was able to identify two main points:

  • We should not sell software, but sell subscriptions

  • Support customers

The turning point was that the markets were falling and they were losing customers. This period can be called depression. They often moved through partners, but after stagnation they decided that they would continue to move on their own. There was also weak protection of the project when information was leaked at a surface level. And to the question where is it better to register your company, Alexey answers briefly:

... there is no jurisdiction where a super price bank will open for you