In this episode of Prime Minister Edi Rama’s podcast, we meet one of the most successful and inspiring Albanians of modern times, Kevin Sekniqi. Recognized on the prestigious Forbes “30 under 30” list for his contributions to finance and blockchain technology, Kevin was surprised by this acknowledgment. He was unaware he had made the list until months after an interview. Nevertheless, he sees this as just the beginning of his story.
Kevin’s dedication to contributing to Albania’s economic development is evident in his plans to establish a fund titled K4S6 for Albanian startups and businesses. He aims to support and nurture local talent by creating a robust technological and innovative ecosystem in the country.
His story begins in Shkodër, where he was born and spent his childhood years. Later, he moved to the United States to pursue his dream of building a successful career in the blockchain industry and SmartContracts through AvaLabs, a company that has become one of the most widely used in this field.
Kevin’s continuous commitment to fostering relationships with Albania and supporting local startups reflects his belief in the country’s potential to achieve international success. With a clear vision for contributing to technological and innovation development in Albania, this interview unfolds the story of a man dedicated to bringing positive changes and inspiring a new generation of entrepreneurs. Follow the full interview below:
Forbes recognized you as one of the top under-30 individuals in the financial world in 2023. How did that happen?
I didn’t expect it at all. They called me for an interview, I answered a few questions, and months later, I found out I was on the list. It’s an interesting list, but it’s just the beginning of my story.
For what reasons were you recognized?
It was for my work with AvaLabs, the influence I’ve had in the cryptocurrency field, especially in the technology development at AvaLabs, which is the Avalanche blockchain. It’s one of the most used blockchains in the field of cryptocurrencies, particularly in SmartContracts. They wanted to discuss more details about this influence, which led to my inclusion on the list.
Where does your story begin?
The story starts 30 years ago. I was born in ‘93 in Montenegro, but my parents are from Shkodër. My father is originally Montenegrin, and my mother is 100% from Shkodër. I grew up here during my childhood, spent some years in Italy, but most of my years were spent in Albania until I was 14. I always wanted to start a business, a startup, and I dreamed of people like Bill Gates, who was an idol of mine since I was young.
How did you end up in the United States?
We went to America for a wedding when I was 14. It was my cousin’s wedding in Boston. We had no plans to stay; we just packed small suitcases for a two-week stay. After visiting some relatives in Boston, I saw New York at 14 and thought it was extraordinary. I decided to stay and finish high school there.
What did your parents think about this?
My mother was against it, but my father said, “Let the boy follow his dreams.” So, I stayed in New York for over 15 years, completed high school, and went to university. Later, I pursued a PhD in upstate New York, where I met my company’s co-founder, who was also my mentor and professor. We started the technology project at AvaLabs as a PhD thesis, and after some sophisticated product development, my mentor suggested creating a company together. This was in 2018, and since then, it’s been all about work, work, work, and here we are today.
How have you maintained your ties with Albania?
Not as much as I wanted to. I have a lot of family here, especially in Shkodër, but not as much as I wanted. That’s why I’m now more engaged in the tech field and with startups here. I believe the best way to develop the economy in a capitalist system is through private initiatives, as they provide the incentive to develop the best ideas.
Can you tell us more about the startup fund you’ve established in Albania?
I’ve opened a small fund for tech startups here. It’s designed for early-stage ideas, but they don’t necessarily have to be at the initial stage; they could have a somewhat advanced product or service. The idea is to engage more with these startups in the coming years, focusing on a small number of high-quality startups each year. The aim is to create competitive products not only in Albania but also in the Balkans and internationally.
How often do you travel back to Albania?
Initially, not much. In recent years, I’ve traveled more, at least once a year, often two or three times a year. Last year, I made three trips, and this year, it’s my first time, but I plan to return at the end of the summer and in November for a conference.
What are your thoughts on Albania’s development?
Albania is my homeland. I have great patriotism for the United States, which has given me so much over the years, but Albania is also my homeland. I’ve always believed there’s no reason why Albania can’t excel in certain industries or have a significant impact globally.
Do you think Albanians need to change their mindset to achieve greater success?
Yes, Albanians tend to think short-term. For instance, if given a choice between $1 now or $2 in an hour, many would choose the $1 now. This mindset needs to change to focus more on the future and build large companies. However, there are exceptional individuals here, like a guy named Sasha who has a company with over 500 people. It’s fantastic to see such talent and potential in Albania.
How do you see the potential for exporting services and products from Albania?
Albania should focus more on exports, not only goods but also services and software. The country has the capability and legal framework to support development in these areas. It’s important to promote and support local startups to create a significant impact.
What is your view on the new technology park in Durrës?
It’s a great initiative. We need to market these companies effectively, so people outside Albania know about them. The park should be a hub for high-tech companies, attracting foreign interest.
How has your relationship with Albania evolved over the years?
My relationship with Albania has been fantastic. Tirana has developed significantly, and it’s become a city where people from Europe can settle and create a second home. I want to be more involved here, especially with startups, to make every moment spent in Albania productive.
Do you see yourself spending more time in Albania in the future?
Absolutely. I believe there will be many good things happening, and I’m optimistic about contributing to Albania’s success. I hope that in 10 to 20 years, the world will recognize Albania for its thriving startup sector.
What’s your final message to the young entrepreneurs in Albania?
I’m confident that many great things will happen, and I believe in the potential of Albanian startups. With the right support and focus, they can achieve great success. I’m committed to contributing to this journey and helping create a stronger, more innovative Albania.
This was Kevin Sekniqi, a young but remarkable Albanian whose voice is heard in America, and I’m sure he will give even more voice to Albania.
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