Hi guys,
My name is Andrei and I chat with folks from the Crypto and Blockchain worlds about their projects and startups in the Cryptocurrency industry.
Recently I had the pleasure of speaking with a fellow Melbournian on how he created a Crypto exchange as a side project while working full-time and managing a family.
It's grown from his little side-project into a platform with 100k users and recently $250 Million exchanged via the platform.
Shane started Cointree in 2013 when not too many Australians even knew what Bitcoin and Cryptocurrency were, let alone were buying, trading or investing in it. I know personally because that's when I got involved and people thought I was insane or trying to scam them if I spoke to them about it.
One of the cool parts about this story is how Shane talks about work-life balance and how having that supportive family structure at home made the world of difference. I think at times folks in this sub are pushing and pushing and hustling and just sort of doing anything to claw their way out of whatever they deem to be this Job trap that they are in while also trying to manage their day jobs and family when all it does is create friction. I see it all the time. Been there myself.
A couple of other things I liked from the Interview that you guys and girls might appreciate:
?Do you have any advice for other creators, entrepreneurs, or developers who want to get started or are just starting?
SS: Believe in yourself and be open to making mistakes. In this fast-moving modern world, you need to be able to adapt quickly. That’s the way business works these days. You’ve got to be willing to take risks and learn from your mistakes.
?Take us through the process of what it is that you do day-to-day.
SS: I’m a man of routine. I’ve set up smart lights to wake me up at 6.20 am every day. I then shower, eat breakfast, do the dishes, and I’m off to work. I have the lights set to change colour, so I know when it’s time to head out the door.
Once I arrive at work, I catch up on my emails and check the comms channels. As CEO, my primary role is to ensure everyone has what they need to keep moving forward. Most mornings are spent in meetings, solving problems, and supporting the team.
In the afternoon, I try to set time aside to focus on my list of tasks. They’re crucial to moving towards our vision as a business. I get them completed in week-long sprints.
Of course, as a rapidly growing company, I often have to divert my attention to issues that pop up. I never have a typical day. For example, today, I had to find time to fix a team members’ broken laptop.
At 4.30 in the afternoon, I head home and hop on an exercise bike for half an hour. I make sure I keep my heart rate above 140 beats per minute, not worrying about how fast I’m pedalling.
I have dinner with the family at 6 pm every day and then do the dishes. I grew up doing the dishes, so it’s a chore I’m happy to do.
At 7.30 pm, I jump back into work. As it’s nice and quiet, I find it’s an excellent opportunity to get things done and focus on critical tasks. I’ll then make sure I’m in bed by 11 pm.
?How are you doing today, and what does the future look like? Let’s talk numbers!
SS: We’re nearing 100k members at Cointree, with more than $250 million exchanged through the platform. This is exciting, not only for the growth of our platform but because it shows how everyday Australians are adopting cryptocurrencies. There’s been a huge uptick in our Self Managed Super Fund investors, who are adding cryptocurrencies to their retirement savings. Overall, the growth in 2021 has far outpaced previous years and has even taken our most optimistic investors by surprise.
We received a significant strategic investment from Silicon Valley-based data analytics company called Indicia Labs last year. We’ve already far surpassed our business expectations at the time of the investment, and the business is continuing to grow quickly. It’s an exciting time.
We’ve also added many unique features to our platform. For example, we have a feature that lets our users pay their bills with crypto. Usage has already increased 98% compared to last year, and it’s only August.
We believe crypto will have a substantially positive impact, so we’re investing for the long term. Every day we hear about more institutions buying Bitcoin and new projects building infrastructure for the crypto ecosystem. It’s very exciting.
I started Cointree because people didn’t really understand crypto, and I wanted them to see the incredible potential of this technology. We’re committed to this vision even as we grow, and we plan to use our platform to inspire trust and build confidence in the digital economy.
You can read the rest here if you like. This is a friend link (no paywall or anything like that).
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