Nikola Mirchik

Well, I'm running a website agency for like 10 years now.

And then, you know, like a few years ago, we created the Sidekick.

First, it was an open source, you know, but then we figured out we cannot maintain it as open source because open source model, there is no revenue in open source model, you know, or the revenue models with open source are really, really poor compared to some other, you know, business models.

And then we started selling licenses and the software.

But now these things are changing.

Like four years ago.

Yes.

Now the new business model appeared, which is the blockchain.

And blockchain can finance open source things with tokens.

So this is a really, really big change.

And then with these tools, now we can finance the infrastructure.

No, no.

So, so far, you know, we, we are bootstrapped.

Yes, yes.

Yes.

Nikola Ivancic, he's co-founder, CTO.

and uh and president like he's also you know so we are like the core three of us there are two developers and what's the total team size look like uh total team size small as six people six people okay oh where are you guys all based we're in serbia all everybody okay so why um

know obviously there's a lot of hype around blockchain right now but how do you guys have a rational conversation about is an ico the proper way to raise capital and the proper way to build a company in the space well that's something that's changing from month to month you know because this this space is so new you know and people are learning you know mistakes of of other uh startups that are doing infrastructure you know is uh is uh building and uh

uh you know now even these days your exchanges are offering capital for icos so so you know you don't know if who is who is the best partner at this time maybe it's a vc maybe it's exchange because they will you know push you uh immediately uh on a on a well-established exchange so we'll be able to sell more tokens you know yep so so these these things are really really uh changing quickly

Also, you know, there are drawbacks like banks are not, if you want to go with a bank like, for example, Silicon Valley Bank, you know, you need to go through six months of compliance in order to do an ICO.