Interview with Competera CEO Alex Galkin for the podcast ‘Made in Ukraine Tech Startup Edition’

Interview with Competera CEO Alex Galkin for the podcast “Made in Ukraine Tech Startup Edition’ by Michael Buryk, technology writer and the producer.

CEO and co-founder Alex Galkin shares learnings and facts about Competera, founded in 2014 in Ukraine, which offers a cloud-native platform for brick&click retailers to make optimal price and promo decisions. 

Here are some facts, insights and ideas of the interview:

  • Alex background: Kyiv polytech university – computer and Medtech science, audit education. Run businesses: a billing system for cyber cafes, a web-development outsourcing company. 
  • Competera was founded in 2014: spin-off from the first startup, which runs as Groupon mechanic but it failed, team lost money, but got the experience.
  • Competera team – 85 people, primarily based in Kyiv, have offices in USA, London, Singapore, Russia.

Ukraine is brilliant for engineering talents and experts. 

  • Major competitors – the Big Four (consulting agencies), but Competera has better price and technology more effective.
  • Alexandr Galkin is a member of the Forbes Technology Council, an invitation-only community for world-class CIOs, CTOs and technology executives.

The main challenge now is the trust. It’s easy to become a part of Forbes Technology Council if you solve the real problem.

  • Bootstrapping deal $1 billion for build the product (machine learning, econometrics mix). After 4 years took funding 2,5 million.

Entrepreneurship is always like sinusoid: one day you feel super cool, next day you feel like you will die tomorrow. The most crucial point: hire the right people and at the right time.

Listen to more in the podcast “Made in Ukraine Tech Startup Edition” by Mike Buryk – here.
Read more about Competera in our showcase article – here.

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