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Code Story: Insights from Startup Tech Leaders

S4 E19: Daniel Gallancy, Atakama

Code Story: Insights from Startup Tech Leaders

Noah Labhart - Startup Founder & CTO

Tech News, News, Business, Technology, Entrepreneurship, Careers

4.6216 Ratings

🗓️ 11 May 2021

⏱️ 29 minutes

🧾️ Download transcript

Summary

Daniel Gallancy is a husband and father to an 18 month old son. He studied electrical engineering and physics in school, but ended up working in finance, doing diligence on tech companies for an investment fund. In 2011, he discovered bitcoin and became enamored with the concept. At that time, he bought 1 whole bitcoin for $4 dollars. Looking back, he obviously wishes he would have bought more. We got into an interesting conversation about ICO's - initial coin offerings - and tokens in general, around how companies drive up the value of said tokens through usage, rather than business profit. In his words, he saw the ICO world as a regulatory arbitrage, which didn't make for a good investment, but did make an interesting story. In 2013, he decided to leave the hedge fund world - IE his nice cushy job - and pursue something in the crypto world. Ultimately, he realized that some of the more interesting concepts being used in crypto - specifically, distributed key management - could be used in solutions outside of the block chain world. In a discussion with his co-founder, they figured out that solutions like this didn't exist, and that they wanted to build it. This is the creation story of Atakama. Our Sponsors: * Check out Kinsta: https://kinsta.com * Check out Red Hat: https://www.redhat.com * Check out Vanta: https://vanta.com/CODESTORY Support this podcast at — https://redcircle.com/code-story/donations Advertising Inquiries: https://redcircle.com/brands Privacy & Opt-Out: https://redcircle.com/privacy

Transcript

Click on a timestamp to play from that location

0:00.0

In a sense, I would say that's our criteria for feature development.

0:05.0

It's not what people say, it's what people do.

0:07.0

It's not what people ask for, it's what people are willing to pay for.

0:11.0

It's difficult to balance because people always ask for this and that and the other, right?

0:16.0

And you have to instead sort of put various plates of food on the table and see which ones people actually eat.

0:22.5

We had an initial UI that we built that we thought would be the bees needs, and we spent a lot

0:29.2

of time on it, and we didn't validate it with the market. Ended up being way overkill,

0:34.7

confusing in certain respects, but we more or less had to start over.

0:39.3

I'm Daniel H. Glancy, and I'm the CEO and co-founder of Otacama.

0:47.7

This is Code Story, the podcast bringing you interviews with tech visionaries,

0:53.6

who share in the critical moments of what it takes to change in industry

0:57.3

and build and leave a team that has your back.

1:02.3

I'm your host, Noel Lab Park, and today how Daniel Galancy took solid concepts from the blockchain

1:08.5

and enhanced infoseg through multifactor encryption.

1:13.6

All this and more on Code Story.

1:20.0

Daniel H. Glancy is a husband and father to an 18-month old son.

1:24.7

He studied electrical engineering and physics in school, but ended up working in

1:28.1

finance, doing diligence on tech companies for an investment fund. In 2011, he discovered Bitcoin

1:34.3

and became enamored with the concept. At that time, he bought one whole Bitcoin for $4.

1:40.4

Looking back, he obviously wishes he would have bought more. We got into an interesting conversation about ICOs and tokens in general, and around how

1:48.3

companies drive up the value of said tokens through usage rather than business profit.

1:53.0

In his words, he saw the ICO world as a regulatory arbitrage, which didn't make for a good

...

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