What difficulties have you faced during development and before launching a startup, how did you deal with them?
There were a lot of challenges. I faced a whole set of problems of a “young” startup: from the dismissal of a whole staff of employees through toxic relationships in the team, to financial problems and debts. There is no universal solution for each of these problems, everything should be approached individually, but correctly placed priorities and formed vision of the final result always help in this. Sometimes you have to sacrifice something, constantly ask yourself the questions ” by whom and then?” and “for which reason?”. Each founder must answer these questions independently, and the answers to them come with experience. The problems will not disappear – with the growth of the company, new, even more, complex ones will appear.
Why Poland? How did you decide to move here and why did you take advantage of the opportunities offered by the Polish startup support ecosystem?
I thought about the possibility of moving to Poland thanks to my friend. In the conversation, he mentioned the Department of Robotics, which exists at the University of Information Technology and Management in Rzeszow, and that training there is free-if you do well with the entrance exams and maintain a good average score. That’s exactly what happened. Unfortunately (or fortunately) I never completed my training, because I decided to build my own business.
Startup development in Ukraine and Poland: your ‘pros’ and ‘cons’ in both countries. What do you think should be improved in each of the countries from the point of view of the startup’s founder?
The Polish legal structure is absolutely inelastic for the formation of a holding company (in terms of intellectual property and patents), so now we are working on transferring all our intellectual property and IP of the entire firm to the jurisdiction that Common Law uses.
Apart from that, the biggest, and perhaps the only problem in Poland is the overwhelming participation of state capital in all investments and, as a result, a terrible bureaucracy, small investment rounds.
While in Ukraine, you can start working on MVP, build a minimal product, and find your first customers. After that, you should move the startup to a quiet, stable jurisdiction where investors will not be afraid to invest money (in Poland, Estonia, Great Britain). The full-fledged development of a startup in Ukraine is still absolutely impossible, there are no conditions for investment. From the banal things – in Ukraine it is extremely difficult to get a regular invoice( invoice), elementary international banking operations are also very difficult to conduct, or even impossible, without taking into account the space Commission. The only advantage is legal tax optimization. If part of the staff (engineers, programmers) works on outsourcing in Ukraine in the status of individual entrepreneurs (FOPS). Keeping RnD in Ukraine is quite a profitable strategy. I would like to do something in Ukraine, but in return, I want to have confidence in the future. Unfortunately, the country does not have the appropriate macroeconomic conditions to attract any foreign investment, the role of the national currency in cooperation with foreign clients is very limited, and its instability.