Viktoras Jucikas

Viktoras Jucikas

London, United Kingdom
www.yplanapp.com/download

Leaving behind six years of designing exotic derivative risk management tools & fighting broken dividend curves, to partner up with an old friend and dive straight into the deep end of mobile commerce & technology startups.

I'm looking for...

Escape Profile
Escape Profile

Executive Director at Goldman Sachs To Mobile Commerce Startup YPlan

Leaving behind six years of designing exotic derivative risk management tools & fighting broken dividend curves, to partner up with an old friend and dive straight into the deep end of mobile commerce & technology start-ups.

ESCAPED FROM

  • Professional Services

ESCAPED TO

  • Tech / Internet

ESCAPE ROUTE

  • Start a business

How I can help Esc members

Firstly, I'd like to help you be more spontaneous. If you live in London and have an iPhone, download the YPlan app & join the movement. And, if you'd like any advice on starting a business or running a tech startup, please feel free to drop me an email: viktorasj@yplanapp.com

Currently...

I am the co-founder and CTO of mobile commerce start up, YPlan. Founded together with my long-term friend, Rytis Vitkauskas, YPlan is tonight’s going out app. The app let's you discover top tickets for tonight, pay in 2 taps & go to gigs, theatre, & quirky events like chess boxing.

There’s already a booming global trend in mobile commerce where people are booking everything from cabs to hotels – we wanted to do the same to make having an amazing night out just as easy. It’s the perfect app for the spontaneous.

Before I escaped...

Before handing in my notice and diving head first into the scary, yet endlessly exciting world of entrepreneurship, I was an Executive Director at Goldman Sachs. I was a front desk quant / strategist, assisting the team by leading efforts on modelling funds, share classes, strategies & management companies, which was central for the Fund Derivatives desk to be able to track & hedge positions.

Before that I was working on Global Macro Proprietary trading desk & then Equity Exotics trading desk solving all sorts of problems: working on pricing models for new products, extending risk systems to run real-time for exotic derivatives & defending the desk from the unknown if markets moved too violently.
Escape Profile

My moment of truth...

Working at Goldman Sachs gave me the unique opportunity to work with the brightest & smartest people in the industry. As time passed by, it became clear that it would be more & more difficult to move out of a cushy finance job because both my personal & professional responsibilities kept growing.

I’ve always dreamt about running my own business & it became ever clearer that staying at the firm wasn’t getting me any closer to that goal. I wanted to challenge myself & delve deeper into the fascinating technology startup world.

Rytis & I spent many a late night discussing options & potential action plans for a few months, then the summer of 2011 came, & we decided to take the plunge. Needless to say I’ve never looked back.

Planning for it...

When you’re in a demanding job working long hours, your mental capacity is drained & spare time is hard to come by, so it’s very difficult to come with a well thought out plan or great idea. Ultimately we knew we had to quit our jobs, recharge & do a lot of thinking.  

Having a clear mind, spare time, & the urgency to do it (I was living off my savings which runs out quickly in London!) allowed us to come up with 50 ideas in around a month. We spent lots of time going back & forth, discussing them with friends & asking our mentors to pick them apart until we settled on the one. YPlan.
Escape Profile

The worst and best bits...

The best bits are out without a doubt the wide array of challenges that come across you on a daily basis. Solving all kinds of problems, helping sales, getting involved with marketing, working out the logistics of operations, & tweaking designs with the team - there’s something new to set your mind to every hour. Being responsible & taking care of the people in the team is also very rewarding.  

The downsides are the stress that can come with the huge demand, & the uncertainty that always lies ahead. It really helps to have a co-founder to chat with & an amazing, supportive fiancé & family.

Best advice...

Aim for the moon, that way, even if you miss you'll still be amongst the stars! - W. Clement Stone.

Useful resources and information...

We wrote a personal blog - http://2founders.com/">http://www.2founders.com - describing our journey.

Here's a few books which really help you understand exactly what startups are all about:
  • Delivering Happiness - Tony Hsieh
  • Lean Startup - Eric Ries
  • Founders at Work - Jessica Livingston