meta_pixel
Tapesearch Logo
Log in
SaaS Interviews with CEOs, Startups, Founders

770: Crypto: He Has Third Largest ICO Ever With $53m Raised

SaaS Interviews with CEOs, Startups, Founders

Nathan Latka

Ceo, Entrepreneurs, Founders, Software, Business, Entrepreneurship, Saas, Startups

4.6683 Ratings

🗓️ 2 September 2017

⏱️ 22 minutes

🧾️ Download transcript

Summary

Sergey Sholom. As a teenager, he was a championship-level gamer and created the first large gamer group called S-port Tournaments in Russia for Quake. After getting his PhD in mathematical modeling, Sergey founded Datcroft Games LTD in 2004. Over the past 13 years, the company has developed multiple worldwide popular games with millions of users. He continues to oversee a company with over a hundred employees and continues to bring new cutting edge games to the market. Their latest game called Pixel Wars which will be released in the summer of 2017, has already received critical acclaim and will become the game changer in mobile eSport.

Famous Five:

  • Favorite Book? – Richard Branson’s
  • What CEO do you follow? – N/A
  • Favorite online tool? — N/A
  • How many hours of sleep do you get?— 4-5
  • If you could let your 20-year old self, know one thing, what would it be? – “Push more”

 

Time Stamped Show Notes:

  • 04:03 – The company was launched in 2004
  • 04:29 – The make free games that sell virtual items—that’s where the company gets it’s revenue
    • 04:43 – Around 5% of players buy virtual items
    • 05:20 – Sergey had no revenue for the first 2 years of his company
    • 05:58 – Sergey supported himself from other businesses
  • 06:01 – His newest game has been in development for more than 2 years
  • 06:13 – The team has 150 people with offices in 4 countries
    • 07:34 – Datcroft Games had an 8-digit revenue in 2016
  • 09:00 – Cryptocurrency helped Gamecredits to monetize their audience
    • 09:20 – Sergey wants to prove game developers that more revenue can come from crypto
  • 10:05 – Gamecredits is preparing to enter the Indian market
  • 10:46 – Sergey believes that Apple promoting your game is just an extra advantage
  • 11:35 – The number of followers that the Gamecredits store has
  • 12:05 – Gamecredits is using its existing coin which has been on the market for 3 years already
    • 12:34 – Gamecredits has been running the most successful crowd sale in the market
    • 13:19 – Gamecredits will put 26.5 M crypto in marketing
  • 14:17 – Sergey will have a way to exchange their coin in dollars
  • 14:43 – Different cryptocurrencies are being put in Gamecredits
  • 15:11 – Sergey is proud that they’re able to run a real crowd sale with almost 10K crypto investors
    • 15:23 – Not all ICOs are able to do that
  • 15:34 – Gamecredits was able to raise capital from 4 tokens including bitcoin, ethereum, waves and gamecredits
  • 16:05 – Gamecredits current tokens are mobilego tokens and their own gamecredits token
  • 16:51 – The market is tremendous and the future community will be much bigger
    • 17:46 – Apple and Google are for profit companies and Gamecredits is a non-profit
  • 20:00 – The Famous Five

 

3 Key Points:

  1. It’s possible for a gaming platform to penetrate the cryptocurrency market.
  2. The cryptocurrency market has been growing significantly, increasing opportunities for different investments.
  3. As a non-profit business, your focus needs to be on the change you can create, not the contributions you can earn.

 

Resources Mentioned:

  • Simplero – The easiest way to launch your own membership course like the big influencers do but at 1/10th the cost.
  • The Top Inbox – The site Nathan uses to schedule emails to be sent later, set reminders in inbox, track opens, and follow-up with email sequences
  • GetLatka - Database of all B2B SaaS companies who have been on my show including their revenue, CAC, churn, ARPU and more
  • Klipfolio – Track your business performance across all departments for FREE
  • Hotjar – Nathan uses Hotjar to track what you’re doing on this site. He gets a video of each user visit like where they clicked and scrolled to make the site a better experience
  • Acuity Scheduling – Nathan uses Acuity to schedule his podcast interviews and appointments
  • Host Gator– The site Nathan uses to buy his domain names and hosting for the cheapest price possible
  • Audible– Nathan uses Audible when he’s driving from Austin to San Antonio (1.5-hour drive) to listen to audio books

Show Notes provided by Mallard Creatives

Transcript

Click on a timestamp to play from that location

0:00.0

Founder, founded his company back in 2004.

0:01.7

Now he's really taking crypto and applying it to the gaming industry with the third largest, as of today.

0:06.7

Token issuance on record raised about 53 million bucks and then issued his own credits as exchange for that.

0:12.6

Excited about really bringing in this new ecosystem so that developers can make more money and keep more of the hard work that they're putting into building these games.

0:19.5

This is the top where I interview entrepreneurs who are number one or number two in their industry

0:25.8

in terms of revenue or customer base.

0:28.9

You'll learn how much revenue they're making, what their marketing funnel looks like, and how many customers they have.

0:35.5

I'm now at $20,000 per talk.

0:37.8

Five and six million.

0:38.7

He is hell bent on global domination.

0:40.6

We just broke our 100,000 unit sole mark.

0:43.3

And I'm your host, Nathan Latka.

0:46.7

Many of you listening right now don't have time to listen to every B2B SaaS CEO that I've

0:51.2

interviewed.

0:51.8

If you want to get access to the database I've created with year-over-year growth rates, customer accounts, margins, and many, many other data metrics

0:58.6

and data points, you can go to g-et-l-a-com. Here's the thing, though, this database, I keep it to

1:05.8

myself. It's so freaking valuable. And to preserve the quality of the data and make sure that the people that

1:11.3

have access to it have a true advantage, I'm only letting 10 companies on each month. So we're full

1:16.5

this month, but you can go to gitlatka.com to get on the waiting list for next month. And look,

1:20.7

there's big people on the waiting list. I mean, the biggest VCs you've ever heard of,

1:24.2

you've probably heard of them. They're big, private equity, billions and billions under management. So it's an impressive waiting list. Go get on now at gitlatka.com. This is episode

1:33.0

770. Coming up tomorrow morning, I talk to the king of mobile app installs with over $320 million

...

Please login to see the full transcript.

Disclaimer: The podcast and artwork embedded on this page are from Nathan Latka, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Nathan Latka and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.

Copyright © Tapesearch 2025.