SaaS Interviews with CEOs, Startups, Founders
787: Crypto: With $163m Raised, He Launched the #1 ICO
19 Sep 2017
Chapter 1: What is the main topic discussed in this episode?
he is a experienced technology veteran venture back for the past 20 years now with bangkor networks which is ideally trying to create a standard for this new generation of cryptocurrencies called their smart token they were also the number one ico completed ico with about 163 million dollars raised
Chapter 2: What is Bancor Network and how does it operate?
This is The Top, where I interview entrepreneurs who are number one or number two in their industry in terms of revenue or customer base. You'll learn how much revenue they're making, what their marketing funnel looks like, and how many customers they have. I'm now at $20,000 per talk.
Chapter 3: How does Bancor solve liquidity issues in cryptocurrency?
Five and six million. He is hell-bent on global domination.
Chapter 4: What was the significance of Bancor's ICO in the cryptocurrency space?
We just broke our 100,000 unit sold mark. And I'm your host, Nathan Latka.
Chapter 5: How does Bancor ensure investor trust during its token sale?
Many of you listening right now don't have time to listen to every B2B SaaS CEO that I've interviewed. If you want to get access to the database I've created with year-over-year growth rates,
Chapter 6: What is the current structure and size of Bancor's team?
customer accounts, margins, and many, many other data metrics and data points, you can go to getlatka.com. Here's the thing, though.
Chapter 7: What challenges do 'whales' present in the cryptocurrency market?
This database, I keep it to myself.
Chapter 8: How does Bancor's token distribution work post-ICO?
It's so freaking valuable. And to preserve the quality of the data and make sure that the people that have access to it have a true advantage, I'm only letting 10 companies on each month. So we're full this month, but you can go to getlatka.com to get on the waiting list for next month. And look, there's big people on the waiting list. I mean, the biggest VCs you've ever heard of.
You've probably heard of them. They're big, private equity, billions and billions under management. So it's an impressive waiting list. Go get on now at getlatka.com. This episode 787 coming up tomorrow morning, we learn from Patrick Fagerlund, his company called Widespace.com. is an ad tech agency that does $17 million in gross profit in 2016 and has raised $30 million.
So how did he grow so fast? Hello, everyone. My guest today is Eyal Herzog. He's been a venture-backed technology entrepreneur for over 20 years. Additionally, he's one of those ventures he was working on. He's the founder of Metacafe, Israel's fastest-growing video sharing site, which reached over 50 million uniques at its peak.
Previously, he founded Contact Networks, one of the first social networks in 1999. He's now at Bancor Network and he's been an outspoken thought leader on cryptocurrency in Israel and is a talented piano and bass musician. Eyal, are you ready to take us to the top? Of course. All right. So you're going to play some piano for us, right?
Oh, I shouldn't have the room.
I could do that. All right. So you've got obviously a lot of history here. Venture back to technology entrepreneur for over 20 years, currently at Bancor Network. What is Bancor Network and how do you make money?
So, first of all, Bancor is a nonprofit organization, which is a new model that has been rising in the last years. The most important example to that is Ethereum itself. So, you heard about Ethereum? It's like the competitor to Bitcoin. And they did their own fundraising and the entire project in a nonprofit way.
entity and still people that are involved are still making money to your question because those are token based economies so everyone that was involved in ethereum got some ether in the beginning when it was on 30 cents price and today you know the price is like i believe 200 dollars
So, everyone that was involved made a lot of money, but the organization itself that run Ethereum is a nonprofit, and Bancor is similar to that in that respect. Bancor is also a token, and we are essentially solving a different problem. We solve the problem of liquidity, liquidity between currency. This is a very important thing because it allows you to- Just clarification there, Ariel.
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