A frank conversation with founder and CEO Mitchell Amador about optimizing startup locations
Immunefi, a crypto startup, is all remote and has team members in various countries. While they are incorporated in Singapore, their main hub is in Lisbon, Portugal. In this interview, Mitchell Amador, the founder and CEO, discusses the reasons behind their choice of locations and offers advice to other founders on where to incorporate or locate their startups.
Main breakdowns:
- Immunefi has team members in different parts of the world, but Lisbon is their main hub due to its large crypto community and the presence of nomads.
- Despite choosing Lisbon as their hub, Immunefi decided not to incorporate there due to regulatory and taxation difficulties.
- Amador advises founders to consider their hub location carefully and prioritize living in a healthy and harmonious place like Portugal.
- For early-stage startups, it is important to focus on getting customers and getting the business off the ground first before worrying about incorporation location.
- Singapore is a great option for incorporation due to its reliable business infrastructure, but it has strict regulations and may not be as supportive of crypto companies as other locations.
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Hot Take:
Choosing the right location for a startup is crucial for its success. While Singapore offers excellent business infrastructure, founders should consider a location that aligns with their hub and provides a healthy and harmonious environment. Lisbon, with its vibrant crypto community and relaxed atmosphere, proves to be a favorable choice for Immunefi. Ultimately, founders should prioritize getting their business off the ground and worry about incorporation location later.
