Thinking of investing in Bitcoin? In this episode, George Goognin, founder of his own cryptocurrency called Karma, spills all the beans about cryptocurrency, giving us an honest and practical approach into how and when to invest in cryptocurrency, plus the best uses for it today.
He also shares his struggle of promoting his business in a world where the media is so heavily under the influence of the big and powerful corporate companies.
My Guest: George Goognin
George Goognin has a PhD in Math Models and Economy and started the first federal online startup in Russia, which he personally presented to Vladimir Putin in 2009.
With eight years of experience in automation at big FinTech firms including Apple, Samsung and Nike, George created the first Blockchain experts chamber in the Russian Parliament. He and his team have been actively participating in creating and editing the legal environment for crypto. He is now working on his own cryptocurrency, Karma, and recently raised $10 million to fund his company.
Pivotal Moments:
Started his own business at the age of nine and was wowed by the experience of raising his own profits.
Opened his company ADV web engineering, a software development company.
In 2013 was trying to get a bank loan to grow his business but was turned down because of regulations requiring him to provide collateral worth three times the value of the loan.
Realized that there was huge potential to provide lending solutions for SMEs, so founded a peer to peer lending company as a side hustle, reaching a turnover of $5 million by 2017.
Developed the company from manual to digital, eventually creating his Karma cryptocurrency.
George recently raised a $10 million investment to fund his company, and is now working on developing and growing Karma.com
Resources & Links:
Part 2 of this episode, where you can hear George’s honest take on cryptocurrency and how and when to invest, will be live this Thursday at estierand.com/60-2.
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