Pros
Pioneered POOL, an innovative music trading app, dedicating over three years to its development prior to launch, effectively navigating and overcoming significant setbacks. • Formulated a business plan and developed initial designs during school, followed by establishing key partnerships with music labels and artist managements post-graduation. • Designed and developed a proprietary trading algorithm in collaboration with a mathematics professor from TU Munich. • Successfully navigated complex legal structures, achieving regulatory compliance with BaFin for the platform. • Raised €230K in initial funding, fueling the development and launch of the app, and set a strong course towards early profitability with minimal fixed costs. • Managed a team of over 15 people, demonstrating strong leadership and resilience in the face of challenges. • Achieved significant early success, including onboarding 9 artists, attracting over 2150 active users, and generating €10K in revenue in the initial weeks post-launch without marketing spend. • Poised for profitability, with a lean operating model maintaining monthly fixed costs at €2.3K.
Cons
A lot of up and downs as in every startup.