An Exclusive Interview with Erad Fridman, CEO of Fluxon

The use of software products has meticulously grown all over the various sectors. Companies come up with new ideas and launch them with the help of software. To make this process efficient, some companies have emerged as software providers who build them as per the client's requirements. Fluxon is such a product development company and Analytics Insight has engaged in an exclusive interview with its CEO, Erad Fridman.

1. Kindly brief us about the company, its specialization, and the services that your company offers.

Fluxon is a global product development company. Companies come to us to help them build and launch software products. Our expert teams span engineering, product management, and design. We work with large technology companies and fast-growing start-ups such as Google, Zapier, Eraser, and Pluto.

2. With what mission and objectives, the company was set up? In short, tell us about your journey since the inception of the company?

We founded Fluxon in 2017 with a mission to build innovative products that will change the future. The founding team had worked together before at previous companies, and starting a company together was a natural progression of our friendship. We took on our first clients, and pretty soon after, companies began to hear about us and reach out for help launching their ideas. More and more talented people started to join our team. We quickly realized that there was a huge need for our product development expertise. Today, we're a global team with offices in the US, Canada, India, and Ukraine.

3. Brief us about you as CEO of the company and your contributions towards the company and the industry.

As Fluxon's CEO, I drive the company vision and strategy and ensure the right decisions are made to support that strategy. My primary goal is to maintain the quality work we're known for. We have an incredible team, and it's important to me that we create an environment where team members can realize their full potential and enjoy their work. I make it a priority to be available to our team and customers, while actively participating in the tech community.

4. What is your biggest USP that differentiates the company from competitors?

Fluxon's biggest differentiator is our team. We hire the best technical talent in the world, build teams to tackle and own hard problems and share best practices back with the group so everyone can learn from the process. We put huge energy into making Fluxon the best place for product teams to master their craft while building the next generation of start-ups that will change the world.

For the companies we work with, we offer the security of knowing their project is in safe hands with the best possible team for the job. We're able to deploy a fully cross-functional team within a short period of time, while most companies could take upward of 6-12 months to hire the right team. Our expertise in the field means we can identify the right team right off the bat to deliver products with quality and speed.

5. How do you plan to revolutionize the Indian market and what are your plans to tap the market?

We started operations in India in 2019 and were impressed by its strong technical talent, great schools, and growing start-up culture. We see India as a critical market for hiring and as we continue to grow our team, India will be one of our primary markets for expansion.

6. What are your growth plans for the next 12 months?

One of our key priorities right now is growing Fluxon to 1,000+ employees in the next few years. Our plan is to scale up our hiring to around 100 people a month. We only hire the best possible technical talent, so the focus of our expansion is to ensure Fluxon is their first choice. Some of the initiatives we're launching to do this include unique compensation plans, highly attractive benefits, and specialized learning and development programs. We're excited to share more on these over the next few months.

7. How do you see the company and the industry in the future ahead?

We've seen an increasing rate of innovation over the last few years, and we expect that will only increase over the next decade. For example, the shift to remote work brought about a slew of new collaboration tools, and exciting new technologies like the metaverse. On the business front, we expect to see new corporate models emerge as competition for technical talent increases. Traditional equity models may be replaced by shared ownership or other programs that provide more attractive benefits. At Fluxon, for example, we're launching a profit share model next year that will provide an opportunity for everyone on the team to benefit from the upside as we grow.

8. How are disruptive technologies like IoT/big data analytics/AI/machine learning/cloud computing impacting today's innovation?

The emergence of these new, disruptive technologies has increased the rate of innovation and leveled the playing field between large and small organizations. It's a unique time in our history where strong technical individuals can make a huge impact across many different sectors and can prototype and build traction fast. Tech stacks and developer tools are also improving, allowing a faster go-to-market. This has led to more start-ups than ever before, and an astonishing demand for technical roles. In this highly competitive and fast-paced landscape, working on the right problems, with the right people, and the right stack is critical to success.