Security is undoubtedly a top priority for any online or tech business. Needless to say that it walks hand in hand with blockchain technology.
We had a great conversation with Elad Schulman where he told about his experience and insights in the industry working with security and monitoring.
“Leave the FOMO (fear of missing out) feelings behind you. In case you see a good opportunity, study it, study the team, treat it seriously.”
- Tell us a little about yourself?
I am the CEO and Co-Founder of Segasec, a cybersecurity startup, focused on protecting crypto companies from scams targeting their customers. I am coming from a long background of intelligence and security from both startups and enterprises. I live in Tel Aviv, which is an amazing city – if you have never been there, I would love to host you here. I am happily married, with 3 gorgeous children, and two cats. I like to play football, and I am a huge fan of Maccabi Tel-Aviv.
- What is your current take on the state of the Crypto/Blockchain market?
I think that this is still a very early stage in the evolution of this market. It is mostly an early adapters market, and people which have a strong belief in this industry are the main actors. I think that the real game changer will be once the user experience of the applications in this market would become quite simple, this is where we will see mass adoption in the market.
- Any projects in the market that you think will shape the future of the industry?
I think that there are a lot of promising projects, but unfortunately I am not a prophet, so I try not to guess which one will be more successful than another. Still, I think that any project which will help to bring simplicity into the underlying infrastructure, would make a huge difference.
- What is the big opportunity at the moment?
As with any emerging industry, the opportunity is huge. We are only in the very beginning, so the people that join the revolution at early stages, will enjoy its fruits during the course of the upcoming years. Still, it doesn’t mean that every project will succeed. We see dozens of projects (and probably much more) which seemed to be promising, but are now closing their doors. As with any revolution, the winners are still unknown, and this is why it is important to try to pick the right horse to bet on.
- What else are you working on?
Beyond working with crypto companies, we are also working with traditional enterprises like banks, retailers, healthcare companies and others. Similar scammers are also chasing those organisations’ customers, and we are trying to help such organisations as well.
- Why is having the right advisor mix so important?
You can have the best team, but there would always be something missing. A company needs to maximise its chances to succeed. In order to fill in the gaps, you have to surround yourself with people who can complement the things they do better than you and your team. This can make a lot of difference. Beyond that, having people with a known reputation gives a lot of credibility to new ventures, and when there are so many new ventures in this industry, sometimes this is a good way to distinguish between the good ones and the bad ones.
- What are some of the learnings you have gained from previous ICOs?
In the area of security we have learned that it is always good to be paranoid. One should not trust anyone, and just exercise common sense, as there are no free gifts in the world. No one will suggest you a free “bonus” without a penalty. Always think why you are getting a “special” offer, and what makes you special on top of others.
And if you have a doubt, remove all doubts and ask the community admins in public channels if something is what you expect it to be or not. There are no dumb questions, only dumb answers J
- Any tips you want to share with people looking to invest in an ICO?
Only invest in what you understand, and what you believe in. Leave the FOMO (fear of missing out) feelings behind you. In case you see a good opportunity, study it, study the team, treat it seriously. Don’t expect to be rich out of it, if you will, it would be a nice bonus. I personally like to invest in projects which I will end up being an actual user of them, and not just for the sake of investment.