Ty Danco, Fintech + Olympics

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By Sal Daher. Discovered by Player FM and our community — copyright is owned by the publisher, not Player FM, and audio is streamed directly from their servers. Hit the Subscribe button to track updates in Player FM, or paste the feed URL into other podcast apps.

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Ty Danco is an outlier in a population of outliers. His interests are varied and pursued passionately. He’s founded two fintech companies, he’s invested in a gazillion startups and he’s been a hugely generous advisor to companies, in fact the chief advisor at Techstars. Oh, I forgot to mention he’s an Olympian and also deeply involved with crypto-currencies. In this really meaty interview, Ty and I covered a wide range of topics. He explained his ideas in his affably quirky way. This was a super fun conversation.

Quotes:

"Danco, why are you here? You're a marketing guy." And I said that I was here to see Lever Brothers and he goes, "You idiot, you signed up for Lehman Brothers."

“So, I took a leave of absence from school, and Wharton let me make up my remaining credits over the summer, and so I tried doing all three things at the same time. It was a success on paper, I did make the 84 [Olympic] team, I did complete the MBA, I did work at Lehman Brothers, but in truth I was overwhelmed, I did everything badly.

I ended up breaking my heel and didn't compete in Sarajevo. I learned nothing in my last classes at school and I was just lost and floundering my first year on Wall Street. So, there's a pretty obvious lesson there about the need to focus and my inability to multi-task. That's maybe why they say focus on one metric that matters, don't try to do five balls in the air at once.”

Topics covered include:

  • Ty Danco’s Bio
  • How Ty Danco Stated His Career – Lehman Brothers vs. Lever Brothers – Olympic Team
  • "Danco, why are you here? You're a marketing guy." And I said that I was here to see Lever Brothers and he goes, "You idiot, you signed up for Lehman Brothers."
  • Ty Danco Doing Too Much
  • Ty Danco and the Importance of Focus
  • Ty Danco on the Cover of Sports Illustrated
  • Ty Danco Moves from New York City to Burlington, Vermont
  • Ty Danco Discovers that, Thanks to Michael Bloomberg, It Was Possible to Do Investing in Vermont
  • Ty Danco Founds His First Startup - eSecLending
  • Ty Danco Recalls Wall Street Misogyny of the Past – Women Found a Haven in Hugely Complex CMO Deals
  • Ty Danco’s Company is Hit by the Crash of 2008
  • Sal Daher Asks for you to Review the Podcast on iTunes – It Really Helps!
  • Why Ty Danco’s Second Startup Failed
  • Ty Danco’s Angel Investments
  • Ty Danco Thinks Crypto-currencies Are Worthy Alternative Investments
  • Ty Danco Believes One Can Eliminate Many Losers - But at a Cost
  • Ty Danco’s Philosophy of Angel Investing
  • Why Mass Medical Angels Is the Only Angel Group Ty Danco Attends
  • Why Ty Danco Does Not Invest Based on Cold Calls
  • Ty Danco Reveals the Secret of Getting into Techstars
  • Ty Danco Likes VCs Involved in Every Deal, Why?
  • “Virtually all of my deals, 99% of the deals come not from me directly stumbling over something, but from a lead from my network.”
  • Boston Angel Pantheon: Michael Mark, Joe Caruso and Jean Hammond
  • What Are ICOs and Why should VCs be Scared of Them?
  • Some of Ty Danco’s Favorite Startups
  • Ty Danco’s Categorization of Mentoring Styles
  • What Sets Accelerators Apart in Ty Danco’s Estimation
  • Ty Danco Takes a Page from Manu Kumar in Starting His Next Venture

Topics: fintech, crypto, angel investing strategies, techstars

199 episodes