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Adiyta Julka

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Profile

In 2011, Aditya Julka along with Osman Khan, Alexander Gilkes, and Hikari Yoyoyama founded an online auction house fit for the 21st Century. The endeavor, called Paddle8, is a New York based company geared toward those who love art and wish for a varied and instant accessibility. In 2014, Paddle8 raised a $34 million Series C from investors including the renowned New York gallery owner/expert and new Paddle8 board member David Zwirner. The company began as a charity auction platform and then grew. Paddle8 has an easy to use mobile app.

Julka was born in India and obtained his MBA from the Harvard School of Business. Julka is also interested in science and has founded two biotech companies in the past. He is trained as an engineer.

Sources used to create the entrepreneur's profile include Crain’s New York, TechCrunch, and Forbes.

Companies and Investments

Auctionata AG (Chairman, Co-Founder, Chief Strategy Officer), Paddle8 (Co-Founder, Chairman, CEO), McKinsey & Company (Associate), Inbiopro Solutions Pvt Ltd (Co-Founder), Novartis (Venture Capital), BioAtlantis (Co-Founder)

Lessons Learned

Find something that you are interested in and see if there is a need for that interest. I thought collecting art would be easy, but it turned out to be quite complicated. I also noticed that people were not going to auction houses like they once had. With the Internet, Paddle8 can bring the auction house to the people. I was able to take my interest and help build Paddle8.

Inspiring Quotes

Adiyta Julka's Quotes

We occupy the wide space between the mass marketplaces like eBay and Amazon that don’t always deliver taste and trust for objects of value, and Christie’s and Sotheby’s, which are interested in only the really high end pieces. In the middle of those two extremes, you have a massive middle market, which is currently serviced ineffectively in many cases by a bunch of regional auction houses all over the world.

Adiyta Julka

I take business problems and break them down into small experiments we can test. That’s how we manage risk.

Adiyta Julka

I thought it would be fairly straightforward for me to walk into a gallery or an auction house and buy some art. It turns out it is a lot more complicated.

Adiyta Julka

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