A lot of know-how, creative forces and ideas have been lost to Bitpanda after the wave of dismissals of over 270 employees. What should help the Austrian crypto exchange to consolidate by saving personnel costs will become a career springboard for some of the employees. Three of the former Bitpanda crypto experts have teamed up to create a new startup.
Sonas Przysucha, Krystian Golebiewski and Santino Wagner belong to the last group of crypto specialists who were hired only a few weeks before the start of mass layoffs. The team had already worked well together at Bitpanda. Together with Chaineducation Labs, they have now founded their own startup, reports the Austrian medium Brutkasten. The idea behind the company foundation is the transfer of knowledge about cryptocurrencies and blockchain technology.
Ignorance costs money
While working for Bitpanda, the trio noticed that although many people are interested in crypto, Bitcoin and the blockchain, the knowledge about the core technology behind it is rather insufficient. “You can lose a lot of money through this ignorance. We would like to take action against this,” co-founder Jonas Przysucha told Brutkasten.
For now, Chaineducation Labs wants to focus on crypto and blockchain companies and their employees. Often, many lateral entrants without sound training with knowledge gaps are on the road in these areas. “Internal trainings are usually assigned to employees who have taught themselves the topic. As a result, sound knowledge is often lacking,” says Przysucha. The startup founder also had these experiences at Bitpanda.
Crises also offer opportunities
Although the current crisis situation in the crypto industry poses special challenges for company founders, according to Przyducha, this also offers special opportunities. “We believe that now is the perfect time to build our company. As soon as the market recovers and prices shoot up, more people will be hired in the companies again. If this case occurs, we are ready,” said the co-founder. The company’s website provides up-to-date information on the business idea and the state of development. The founding trio is currently looking for investors.