"When you're young, you have energy, ambition, and ideas, but little capital. When you're older, you may have resources, but less stamina or willingness to take risks. That gap led me to an idea: what if you could borrow resources from your future self and build something right now? That's why, at 21, I offered investors 2% of my future earnings over the following 15 years."
"I grew up in the suburbs of St. Petersburg, Russia, and my family was neither wealthy nor highly educated. From an early age, I understood that if I wanted to succeed, I'd need to be self-sufficient and largely self-taught. At 10, I taught myself to code and began making computer games. In the years that followed, I developed mobile games for my school friends, which many of them enjoyed playing."
"In 2017, at the end of 10th grade, I dropped out of school after being offered a job as an engineer at VK, Russia's equivalent of Facebook. A year later, when I was 16, I launched a livestream trivia app that went viral and became one of Russia's most-downloaded games of 2018 across iOS and Android. At 17, I was named on Russia's Forbes 30 Under 30 list."
Kirill Avery sold 2% of his future earnings over 15 years to raise capital and used a SAFE agreement to secure $500,000 from investors who receive exposure to all his ventures. The arrangement enabled him to fund startups such as Alien and Human and to experiment with different ideas without traditional constraints. He grew up near St. Petersburg, taught himself to code at age ten, built games for friends, and left school in 10th grade to work at VK. He launched a viral livestream trivia app at 16 and appeared on Russia's Forbes 30 Under 30 at 17.
Read at Business Insider
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