Mihail Stoychev

Mihail Stoychev is a successful entrepreneur and business professional, best known as the co-founder and CEO of NitroPack, a leading website optimization platform that was recently acquired by WP Engine.2

Career Highlights

NitroPack: Mihail co-founded NitroPack in 2013, initially as a plugin for OpenCart.1 The company later expanded to become a comprehensive website optimization platform, focusing on improving website speed and user experience. Under Mihail's leadership, NitroPack grew to serve over 200,000 WordPress websites and optimize over 5 million pages daily.1

SMSBump: Prior to NitroPack, Mihail co-founded SMSBump, a popular Shopify marketing product. In 2020, SMSBump was acquired by Yotpo in a $35 million deal.23

Education and Background

Mihail studied at several prestigious institutions:

• Harvard University: Bachelor of Business Administration (BBA)
• American University in Bulgaria: BA degree
• Geo Milev First Language School

He grew up in a small town in Bulgaria and doesn't have any siblings.1

Entrepreneurial Philosophy

Mihail's approach to business is characterized by:

1. A focus on innovation and problem-solving
2. Emphasis on teamwork, particularly with his long-time business partner Georgi Petrov
3. Commitment to continuous improvement and learning from mistakes13

Current Ventures

After the acquisition of NitroPack by WP Engine, Mihail and his co-founder Georgi Petrov are embarking on a new venture. This new company will focus on user optimization, linking web performance directly with business results, and leveraging artificial intelligence.2

Community Involvement

Mihail remains connected to his roots and gives back to the community:

• Serves as a mentor in the Elevate Accelerator
• Speaks at various events
• Major donor to educational initiatives2

Mihail Stoychev's LinkedIn username is mihailstoychev, where he shares updates about his professional journey and achievements.45