Amit Rathore, the designer of the PressCoin ecosystem is on a mission to save the news industry from itself. A serial entrepreneur based in Silicon Valley, Rathore launched a cloud-based multi-channel publishing startup in 2014. The following year, he moved into the Blockchain/crypto space. With PressCoin he is bringing these two worlds together to take on the platform giants on behalf of independent news publishers.
Amit Rathore Rathore, 37, grew up in Bangalore, India, and arrived stateside aged 22. At school, he was a math/science student. “Dad ensured I went to engineering school, specifically for electrical engineering, not computer science, since he didn’t think it was hard engineering,” he laughs.
A Silicon Valley wizkid
Amit started his career at IBM, “a tiny cog in a giant machine, I escaped within six months.” 11 years later his Silicon Valley startup Runa sold to e-commerce giant Staples, Sierra VC blogged about the then 33-year-old CTO, “Amit Rathore’s got a great future ahead of him.”
Rathore followed through with two more startups – first in media and then in the crypto space. Asked what his developer superpower is, Rathore replies, “abstraction.”
“If you are able to think abstractly about something, you get to the essence. This essence can be used to design incredibly flexible things. This is a technology superpower because abstraction and design are two sides of the same coin.”
Two startups in quick succession
In 2014 Rathore launched Quintype.
“Quintype is a modern media technology cloud. It started out as pure-play digital publishing, but the SaaS suite is now capable of powering digital experiences for publishers, across all channels (web, social, mobile, email, push-notifications, chat-bots, voice-assistants). Quintype’s underlying architecture is what PressCoin will be using as an ‘AWS-for-media developer cloud,’ a massive technology advantage.”
In January 2015 he invested in what would become Cointype, a new stealth digital-only Swiss-bank with an ultra-high-frequency fiat/crypto trading platform (featuring full API access and designed for algorithmic trading). CointypeX.com is currently live in early beta.
“This is where we’re going to list the NEWS token, allowing trading between 75+ crypto tokens, and 170+ fiat currencies. Listing on CointypeX will grant liquidity to PressCoin soon after launch in a carefully managed manner.”
Amit maintains non-controlling, minority stakes in both Quintype and Cointype. Strategic investment between the businesses and PressCoin is a possibility, he says.