I’m excited to share that Abra is featured on this week’s Planet of the Apps!
Planet of the Apps is a new series from Apple Music celebrating the world of app development. The format is simple: each app developer has 60 seconds to make their “escalator pitch” to the four advisors (check out mine here). If you match with at least one advisor, then you work with them over the course of several weeks to prepare your app and your pitch for a round of funding from Lightspeed Ventures (a well-known Silicon Valley VC fund and early investors in Snap).
Abra is also currently being featured in the iOS App Store, which marks the first time that a digital currency or bitcoin app has ever been featured in the App Store.
I have so many cool memories from filming the show over three months in late 2016 and early 2017. Most of them involve meeting entrepreneurs from all over the country, several of them still in high school! As someone who has pitched my company literally hundreds of times over the course of my career, it was still a unique experience to do so in a Hollywood studio environment.
The advisors on Planet of the Apps don’t come from Silicon Valley and each one brought something unique to the table in relation to Abra (warning: spoilers ahead!):
- Gary Vaynerchuk’s honesty and passion shows through in every interaction. He has an electrifying entrepreneurial spirit.
- Gwyneth Paltrow is a global icon. She seems to be successful at anything she does and is incredibly insightful regarding the people that she surrounds herself with.
- Jessica Alba’s commitment to honesty and transparency is something we strive for at Abra. She is a true role model for entrepreneurs who want to send a positive message with their great products.
- Will.i.am has an amazing personal brand with global reach. He simply seems to “get” the average consumer and understands modern pop culture better than anyone I’ve ever seen.
In the end, I chose to work with Gwyneth and over the course of the show, she set up some valuable and fun meetings, including a FaceTime session with Brian Chesky, Co-founder & CEO of Airbnb. His advice — to focus on making a product that a core group of people love before worrying too much about scaling — has really stuck with me and has helped guide our decision-making at Abra over the last few months. (You can see a brief excerpt of our conversation on the show).
I’d like to thank Linh, Steve, Rachelle and everyone at Propagate (the producers of the show), who made the experience so much fun. A couple of them even bought bitcoin because of Abra and our talks in between shoots! Special shoutout to the other founders from Episode 8: Thomas of WiTag, and Kyra and Ben of Tabu.
To any app entrepreneurs considering applying for the next season: be prepared for a huge time commitment, but also for a lot of fun. And be honest with yourself about which advisor can truly help you the most. Being famous doesn’t make you a genius but success does leave clues.
I’ll have more to share later but for now I want to encourage you to watch the episode, download Abra and help us spread the word about an app that I believe will change the world, one user at a time.
Established in 2014, Abra is on a mission to create a simple and honest platform that enables millions of cryptocurrency holders to maximize the potential of their assets. Abra enables both individuals and businesses to safely and securely buy, trade, and borrow against cryptocurrencies – all in one place. Abra’s vision is an open, global financial system that is easily accessible to everyone.
Based in the United States, Abra is available in over 150 countries and makes it easy to convert between crypto and a wide variety of local fiat currencies. With over 2MM customers, $7B in transactions processed, and $1.5B in assets under management, Abra continues to grow rapidly. Abra is widely loved and trusted – in April 2022, pymnts.com reviewed and rated Abra amongst the top 5 most popular crypto wallets in the market. Abra is backed by top-tier investors such as American Express Ventures and First Round Capital.
How Abra Protects Your Funds
Abra places clients’ financial objectives and security first. Abra practices a culture of risk management across all levels and functions within the organization.
Abra employs a state-of-the-art enterprise risk management framework that comprises a comprehensive set of policies, procedures, and practices detailing all applicable risk-related objectives and constraints for the entirety of the business. Abra has instituted a complete set of requisite systems and controls that continuously enforce these policies, procedures, and practices to manage all operations, including credit and lending. Abra’s independent Risk Committee comprises experienced compliance, risk, securities, and fraud operations professionals with backgrounds in industries ranging from traditional and digital assets banking, payments, remittance, to fintech.
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