The Success Story of Ruslan Sinitsky

Today, we will share an incredible success story of one Ukrainian entrepreneur in the field of information technology – Ruslan Synytsky, the founder and former CEO of the globally renowned company Jelastic. Despite being a young enterprise still in its early stages of development, Ruslan Synytsky and his team have already raised over $6 million in capital and have entered the international market.

Jelastic stands as one of the rare examples of a startup in the post-Soviet space that offers its services on five continents and enjoys significant popularity. The company's name is an acronym for "Java Elastic." Its primary goal is to create a cloud for storing data and applications in Java and PHP formats. The year 2010 is considered the founding year of Jelastic, as it was then that the Russian venture capital firm Runa Capital provided Ruslan Synytsky with a $500,000 investment, which served as a catalyst for the young enterprise's development.

In all his interviews, Ruslan Synytsky recounts how he always dreamt of creating his own product, and this dream was realized with an internship in an international company, where he gained more confidence in himself and his exceptional abilities. Ruslan also dabbled in outsourcing but soon realized that this type of business was not for him, leading him to focus all his efforts on establishing an IT company.

Ruslan Synytsky frequently mentions that the entrepreneurial problem in Ukraine and Russia is quite acute since cultural and mental differences often impede people from becoming leaders, taking on responsibilities, and risking for success. However, the situation has somewhat improved recently due to various conferences and seminars in different business sectors.

Ruslan Synytsky is open to communicating with young entrepreneurs who often seek his advice or consultation. Moreover, Ruslan welcomes constructive criticism, as feedback aids in development and enhancement. He always listens to suggestions from partners, investors, and close associates because there is no limit to perfection, and progress must be continual.

Regarding the financial aspect of Jelastic, the company's founder firmly believes in constantly attracting new investments to propel the firm to an international level and stimulate enterprise expansion. Additionally, Ruslan deems it essential not to skimp on personnel costs since the company's future depends on highly skilled professionals who can develop a competitive and unique product.

One of the most critical steps towards success and advancement was the opening of the company's office in San Mateo, California, USA, eliminating any doubts about the enterprise's prospects. Managing business across the ocean is no easy feat, which is why Ruslan Synytsky constantly engages lawyers and consultants renowned for their collaboration with software production leaders.

Among Jelastic's competitors are globally recognized companies like Google, Amazon, and Microsoft. Nevertheless, Ruslan remains steadfast in his goals and continuously evolves the company to conquer new heights in the future.