Born in the Ukraine back when it was still the USSR, he migrated to Israel in '72 with his parents. If you’ve ever been bewildered or frustrated with how irrational pricing is for tickets, here’s a silver lining that just might make you think differently about it. He helped disrupt Voice Mail, VOIP, virtualization, ground transportation, NYC subways and now banks. Then you’d better watch out, because there’s a good chance he’s coming to disrupt your industry in a massive and long-lasting way.
That’s unless he sees consumers really being taken advantage by big corporations. Our long term competition is The Banks because every day each person has to decide if they deposit their hard earned dollars with Banks or convert them to Gold/Bitcoin to preserve the value and deposit with Celsius to earn yield.Still, he’s not really one to get hung up on money. Who are your competitors? And how do you plan to stay in the game?Īlex Mashinsky : Our competitors include many Crypto companies like CoinBase and Binance that realized they are not doing enough for their customers and decided to copy our product to slow down the migration of their customers to Celsius. I joke that I live in the future all the time and just wait for everyone else to join me there…ħ. How do you deal with stress and anxiety, how do you project yourself and your company in the future ?Īlex Mashinsky : Having been a founder 8 times over, i do not feel the stress but I am sure it is there. Did you have to make difficult choices and what are the lessons learned?Īlex Mashinsky : Not everyone is suited to work from home and some of our team members have struggled with schedule and prioritization.Ħ. Our business doubled since March so I guess many more people decided that financial diversification is an important part of their portfolio.ĥ.
How the coronavirus pandemic affects Celsius’ business and how are you coping?Īlex Mashinsky : Celsius was decentralized before covid19 but it forced us to think even deeper about redundancy and coverage Alex Mashinsky : as the option of meeting in the office whenever we needed became unavailable. First time in history that you can earn 3% yield on gold and First time a financial product pays out 80% of its income to its depositor community, we plan to launch a few more firsts soon.Ĥ. I launched Celsius in 2017 as a solution to the growing problem of inequality and the inability of the many to earn interest income or preserve their wealth.Īlex Mashinsky : Celsius has invented many firsts, like the ability to earn interest income or yield from Bitcoin and 25 other assets. Tell us about you, your career, how you founded CelsiusĪlex Mashinsky : I started 7 VC backed companies before Celsius, raised over $1B and had several large exits including 2 unicorns.
First of all, how are you and your family doing in these COVID19 times?Īlex Mashinsky : Lockdown is over but I am sticking to the same routine, and need a new plan to get rid of the 5 pounds i put on since this started…Ģ.
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