Russian angel investor, professional blackjack player, and entrepreneur
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This week, Jenny and Thanasis are joined by Semyon Dukach, Founding Partner of One Way Ventures, a seed-stage firm investing in immigrant founders. Semyon brings a wealth of experience to the conversation, having previously served as Managing Director of TechStars Boston, as well as an entrepreneur and angel investor. In a unique twist, Semyon's journey also includes a stint as a professional blackjack player, marking a first for our podcast. Tune in for insights on Semyon's fascinating career, his passion for supporting immigrant founders, and the lessons he's learned along the way.
Semyon Dukach of One Way Ventures joins Nick to discuss Why Immigrant Founders Outperform, Lessons from Professional Blackjack, And Why Worrying About Downstream Financing is a Mental Trap. In this episode we cover: Investing, Immigration, and Blackjack Investing in Immigrant Founders and Their Unique Perspectives Startup Investment Criteria and Screening Process Entrepreneurship and Founder Characteristics Investing in Tech Startups, Focusing on Credibility and Founder Quality Investing in AI Startups and Future Risks Guest Links: LinkedIn Twitter One Way Ventures The hosts of The Full Ratchet are Nick Moran and Nate Pierotti of New Stack Ventures, a venture capital firm committed to investing in founders outside of the Bay Area. Want to keep up to date with The Full Ratchet? Follow us on social. You can learn more about New Stack Ventures by visiting our LinkedIn and Twitter. Are you a founder looking for your next investor? Visit our free tool VC-Rank and we'll send a list of potential investors right to your inbox!
Meet the couple behind a vital humanitarian program helping war-torn victims in Ukraine. Natasha and Semyon Dukach created Cash for Refugees, a grassroots organization that has helped thousands of Ukrainians since the start of the war with direct cash payments. A small group of volunteers travels regularly to Ukraine making it clear that the people there are not alone and not forgotten. Unlike so many other well-meaning charities, there is very little red tape or overhead. Just direct assistance to innocent victims of war. It is a story worth sharing!
What does it take to count cards? Neil deGrasse Tyson and co-hosts Chuck Nice and Gary O'Reilly explore blackjack, quantitative thinking, and the journey from MIT blackjack player to angel investor with Semyon Dukach, Managing Partner at One Way Ventures. NOTE: StarTalk+ Patrons can listen to this entire episode commercial-free.Photo Credit: ElooKoN, CC BY-SA 4.0, via Wikimedia Commons
Semyon Dukach is a managing partner of One Way Ventures, the venture fund that backs the best immigrant entrepreneurs and Co-Founder of Cash For Refugees, not-for-profit organization aimed to provide cash directly to people displaced by the war in Ukraine. Prior to co-founding One Way, Semyon was the Managing Director of Techstars in Boston, and before then Semyon was a prolific angel investor in Boston and a friend to the startup community. He is also a former professional blackjack player with the MIT Blackjack Team. FIND SEMYON ON SOCIAL MEDIA LinkedIn | Facebook | Instagram | Twitter ================================ SUPPORT & CONNECT: Support on Patreon: https://www.patreon.com/denofrich Twitter: https://twitter.com/denofrich Facebook: https://www.facebook.com/denofrich YouTube: https://www.youtube.com/denofrich Instagram: https://www.instagram.com/den_of_rich/ Hashtag: #denofrich © Copyright 2022 Den of Rich. All rights reserved.
Semyon Dukach is the Managing Partner of One Way Ventures - the venture capital fund backing exceptional immigrant tech founders building great companies including Brex, Momentus Space, and Chipper Cash. He is also a founder of the nonprofit Cash For Refugees. Previously, Semyon was managing director of Techstars Boston. --- Support this podcast: https://anchor.fm/theindustryshow/support
When Semyon Dukach's family came to America as refugees from the Soviet Union, they had a hundred dollars to their name. Semyon is now one of Boston's most consequential VCs. Along the way he founded a couple of startups himself and made some remarkable angel investments that put him in a position to be helping founders with money and time. He has a knack for encouraging founders during the tough times. He's done some fascinating stuff, like being a member of MIT's fabled blackjack team, more recently he headed up Techstars in Boston. Then he raised a venture fund, One Way Ventures, focused on working with immigrant founders. Don't miss this inspiring interview. Topics covered include: Sal's Announcement of the Angel Invest Boston Syndicate Sal's Intro of Semyon Dukach Semyon Dukach Bio The Moment Semyon Dukach Figured Out What He wanted to Do in Life Semyon Dukach's Immigrant Story One of Semyon Dukach's Adventures on MIT's Fabled Blackjack Team The Satisfaction of Helping Out Customers in Significant Ways Semyon Dukach's Tremendous Pivot Story Semyon Dukach's First Angel Investment Some of Semyon Dukach's Favorite Startups – Wanderu, Quanergy & Lovepop Cards Semyon Dukach's Leadership at Techstars Boston Semyon Dukach's Advice to Startups Applying to Techstars Why Are Immigrants So Over-Represented Among Founders How One Way Ventures Came About About Eveline Buchatskiv, Semyon's Partner in One Way Ventures Semyon Dukach's Advice to Angels & Founders Topics: venture capital, angel investing strategies, Techstars, focus, co-founders, founding story, exits, pivot
This week on JobMakers, Host Denzil Mohammed talks with Russian-born entrepreneur Semyon Dukach about the high value of immigrants to the U.S. Dukach started a seed stage fund for immigrant tech founders, One Way Ventures, in response to the early restrictive moves of the Trump administration, particularly the Muslim ban. In his 20 years of angel investing, he noticed a trend: immigrant-led... Source
This week on JobMakers, Host Denzil Mohammed talks with Russian-born entrepreneur Semyon Dukach about the high value of immigrants to the U.S. Dukach started a seed stage fund for immigrant tech founders, One Way Ventures, in response to the early restrictive moves of the Trump administration, particularly the Muslim ban. In his 20 years of angel investing, he noticed a trend: immigrant-led... Source
This week on JobMakers, Host Denzil Mohammed talks with Russian-born entrepreneur Semyon Dukach about the high value of immigrants to the U.S. Dukach started a seed stage fund for immigrant tech founders, One Way Ventures, in response to the early restrictive moves of the Trump administration, particularly the Muslim ban. In his 20 years of angel investing, he noticed a […]
Semyon Dukach is Managing Partner at One Way Ventures, an immigrant founder focused VC fund.
Semyon's professional journey started out in a rather unconventional manner. As one of the members of the famed MIT Blackjack team, he's always had an incredible knack and drive for mastering whatever challenge was in front of him. After living the life of a high roller, Semyon went on to become a successful founder of multiple tech companies but he found his true calling when he started angel investing and running the Techstars Boston program. He realized that his passion was really centered around helping other entrepreneurs succeed. Today, Semyon is the Founder and Managing Partner of One Way Ventures, a venture fund that is focused on investing in immigrant founders. In this episode of our podcast, we cover: * Semyon's own story as an immigrant who migrated to the U.S. from Moscow. * How he became a member of the MIT Blackjack Team, which has been featured in movies, books, and documentaries. * His experience as an entrepreneur and the companies that he founded. * How he got into investing, where he made over 100 angel investments, plus his involvement with Techstars. * All of the details on One Way Ventures and how they are helping immigrant entrepreneurs. * Advice on generating interest from investors. * Common mistakes made by entrepreneurs. * And more! If you like the show, please remember to subscribe and review us on iTunes, Soundcloud, Spotify, Stitcher, or Google Play.
Leaving your home country isn't easy. Overcoming a language barrier is hard too. Being socially isolated isn't what most people would pick for themselves, especially while growing up. But it was overcoming all those challenges that gave Semyon Dukach the grit and willpower to reach what he wanted, like joining the infamous MIT blackjack team, founding and selling his software firm, and driving returns as an angel and VC investor. Today as the managing partner at One Way Ventures, he's betting on other immigrants to have the same determination that brought his success. “You have to learn a new language. Learn a new culture. Build a network from scratch without having had one already. You're more likely to figure out how to navigate the confusing environment where these bigger company executives are making deals to exclude startups. But you're okay with that, because you already have been in a place where people are excluding you and you found the way in.” Learn more about The Journey at mission.org/thejourney. The Journey is sponsored by our friends at Salesforce Essentials. We use Salesforce Essentials every day and it's part of our own business journey. Essentials combines sales and service tools in a single app to help small businesses win customers and keep them happy. See how Salesforce Essentials can help you be your best business at salesforce.com/thejourney
Who, or what, is stealing American jobs? Contrary to popular belief, it’s not immigrants. In fact, robots are projected to steal even more jobs in the coming decade. A lot of the conversation about lost jobs revolves around fear. But, should it? Join host Samantha Laine Perfas, along with immigration analyst Alex Nowrasteh, drone instructors Daniel Leclair and Thomas Abbott, the Monitor’s Alfredo Sosa, economist Dany Bahar, and angel investors Semyon Dukach and Eveline Buchatskiy.
Who, or what, is stealing American jobs? Contrary to popular belief, it’s not immigrants. In fact, robots are projected to steal even more jobs in the coming decade. A lot of the conversation about lost jobs revolves around fear. But, should it? Join host Samantha Laine Perfas, along with immigration analyst Alex Nowrasteh, drone instructors Daniel Leclair and Thomas Abbott, the Monitor’s Alfredo Sosa, economist Dany Bahar, and angel investors Semyon Dukach and Eveline Buchatskiy.
On this episode, hosted by Natalie Novick and Andrii Degeler, we discussed the following topics: The biggest deal of the week: immersive reality tech startup Varjo has raised a $31 million Series B round from Atomico, Next47, and others. Apple’s shopping in Europe - Danish startup Spektral sold to Apple for $30 million - Apple confirms it has acquired Spektral, a Danish computer vision startup, for augmented reality technology - Apple inks $600M deal to license IP, acquire assets and talent from Dialog to expand chipmaking in Europe HelloFresh and the issues with subscription marketing - The World's Most Ruthless Food Startup: The Inside Story of How HelloFresh Clawed Its Way to the Top - HelloFresh: The world's most ruthless food startup - ‘Complaints are vastly outweighed by positive feedback’: HelloFresh defends face-to-face salespeople - HelloFresh To End Street Team Program Following Complaints From Greenpoint Residents - Subscription box deliveries set to become billion-pound market - HelloFresh has a Bigger Customer Retention Problem Than Blue Apron Interview: Semyon Dukach, One Way Ventures Berlin-based startup Pitch raises $19 million to take on slide decks - Pitch, from the founders of Wunderlist, raises $19M to take on PowerPoint in presentations - Wunderlist creators raise $19 million for Pitch, a next-gen collaborative presentation platform Events: - NOAH London Conference; October 30–31 - Fintech Belgium Summit in Brussels, Belgium; October 22 - Women Startup Challenge Europe in Paris, France; October 25 Did we miss something? Let us know by filling out the event submission form. Our reading recommendations Kara Swisher: “I just knew I was going to surpass these guys I was working for.” Also, check out Kara’s recent AMA session on Reddit. Blockchain scepticism: “The Big Blockchain Lie” and “Sorry Civil, 'crypto-economics' and 'constitutions' won't save journalism.” Bonus: Tim Berners-Lee on reinventing the web (without blockchain). We hope you enjoy the podcast! Please feel free to email us with any questions, suggestions, and opinions at andrii@tech.eu. For information regarding your data privacy, visit acast.com/privacy
His bonhomie masks a keen intelligence that has, for decades, taken note of what makes or breaks founding teams. Joe Caruso is the CEO Whisperer, the Father Confessor to Founders. Joe’s an intrepid angel investor who goes where other angels fear to tread. This makes him a highly sought-after board member or advisor. I was privileged to sit down with him for an hour and to imbibe his wisdom and good humor. Typical Joe Caruso comment: “…you don't train a Labrador to flap its ears. It makes for a lousy butterfly.” Here are some highlights of what we discussed: Joe Caruso Introduction Joe Caruso Bio How Joe Discovered He Wanted to Be the Father Confessor to CEOs How Roxbury Latin School, the One True School, Figured in Joe Caruso’s Formation Joe Caruso Drops Out of High School and Enrolls at Northeastern University Boston’s Unique Environment for Learning: Jeff Bezos Take Note “I'm in the cafeteria … and at the table is a newspaper from the prior June … and they had a list of starting salaries of all the people who graduated, and electrical engineers made more than anyone else, so I said I guess I'll be one of them.” “…co-op [work/study program at Northeastern] taught me that engineering wasn't my strong suit.” Outstanding Argument in Favor of Northeastern’s Co-op Program Delightful Story About Joe Caruso Considering Turning Down Harvard Business School Joe Caruso Had No Idea of the Value of Networking While at Harvard Business School! “I studied and ... I took no advantage of that [networking at HBS], which in retrospect was a huge missed opportunity.” How Doing Turnarounds Got Joe Caruso Involved with Level Up “Here's this 19-year-old kid, either freshman or sophomore at Princeton, that was going to drop out to start a company.” “It had gaming, location-based. As I kidded with him, it was very buzzword-compliant.” “If you give me a bright, passionate, high-integrity entrepreneur, that's the ticket of admission to at least me considering investing.” Semyon Dukach’s Answer to “Should I Start a Company?” “…you don't train a Labrador to flap its ears. It makes for a lousy butterfly.” “None of this is off-topic. … Our topic is human nature.” “So, be who you are. That also says, "complement who you are."” The Change in Business Plan of Which Joe Caruso is Proudest From Measuring Alpha Waves to Helping People Recover from Spinal Injuries Leveraging Personal Computers for Lab Automation The Particular Hell of VCs with Conflicting Interests Sal Daher Reads the Review from Listener bpaul2 – Reminds You to Leave a Review in iTunes Joe Caruso’s Favorite Pivot Joe Caruso’s First Investment Joe Caruso’s Parents Were Survivors of the Depression Era and thus Not Open to Entrepreneurship "We've gotta get you out of the basement." Joe Caruso’s Apologia for the Value of Boards – Directors vs. Advisors What Advice Do You Find Yourself Giving Over and Over? Joe Caruso’s Parting Thoughts
Invest Alongside Boston's Leading Angels in Our Syndicates Learn More Here: Angel Invest Boston Syndicates Guest: Semyon Dukach, Super Angel, Founder & VC - "The Energizer" When Semyon Dukach’s family came to America as refugees from the Soviet Union, they had a hundred dollars to their name. Semyon is now one of Boston’s most consequential super angels. Along the way he founded a couple of startups himself and made some remarkable angel investments that put him in a position to be helping founders with money and time. He has a knack for encouraging founders during the tough times. He’s done some fascinating stuff, like being a member of MIT’s fabled blackjack team, more recently he headed up Techstars in Boston. Now he’s raised a venture fund, One Way Ventures, focused on working with immigrant founders. Don’t miss this inspiring interview. Topics covered include: Sal’s Announcement of the Angel Invest Boston Syndicate Sal’s Intro of Semyon Dukach Semyon Dukach Bio The Moment Semyon Dukach Figured Out What He wanted to Do in Life Semyon Dukach’s Immigrant Story One of Semyon Dukach’s Adventures on MIT’s Fabled Blackjack Team The Satisfaction of Helping Out Customers in Significant Ways Semyon Dukach’s Tremendous Pivot Story Semyon Dukach’s First Angel Investment Some of Semyon Dukach’s Favorite Startups – Wanderu, Quanergy & Lovepop Cards Semyon Dukach’s Leadership at Techstars Boston Semyon Dukach’s Advice to Startups Applying to Techstars Why Are Immigrants So Over-Represented Among Founders How One Way Ventures Came About About Eveline Buchatskiv, Semyon’s Partner in One Way Ventures Semyon Dukach’s Advice to Angels & Founders
Semyon Dukach, Managing Partner at One Way Ventures, a firm that is 100% focused on immigrant entrepreneurs.
Hacker Practice: GROWTH, SYSTEMS, and RISK for Startups and SMB
Diana Yuan is helping to lead the AI revolution. She is the COO of Boston’s scrappiest Machine Learning startup. Her, and her team of Olin Engineering dropouts, are democratizing machine learning tools for hackers all round the world. Startup founders have an earned reputation for nonsensical over-confidence. Often, they're impossible to spend time with socially due to a complete lack of self-awareness and social graces. Diana is not one of those people. As far as early-stage executives go, Diana has more self-awareness than most entrepreneurs twice her age. She's bright and cheerful and a joy to be around. Having her on the show was a no-brainer for me. This conversation was a lot of fun for me to produce. Thanks Diana :D. This is the most important episode of Hacker Practice for aspiring non-technical startup founders. Diana Yuan's role in the Indico origin story is instructive for any MBA-type/non-technical person looking for a technical partner. I have a feeling they'll be telling her story in Babson business courses before long (if they aren't already). Enjoy this discussion on startups, fundraising, politics and technology with Indico's Diana Yuan. [4.30] Diana talks about the beginnings of Indico and beginning a machine learning startup Indico aims to revolutionize software through powerful, developer-friendly machine learning [5.50] How Indico closed contracts before becoming Incorporated [8.30] How Diana got involved in Indico by accident! Diana met Slater and Alec, Co-Founder of Indico by chance at the Affordable design and entrepreneurship class run by Olin College [13.30] Being a non-technical co founder, Diana shares tips for joining forces and finding a technical partner Don’t force it Focus on the relationship you have with this person and ensure an aligned set of values and vision before getting caught up on technical capability Why your job as a non technical co founder is to translate [19.30] Why Indico pivoted from a B2C to B2B (enterprise) model? [25.00] Diana explains her experience of applying for and getting into TechStars Receiving funding from Rough Draft and having traction were helpful but networking was just as important Diana recommends networking and actively discussing your application with those reviewing it (e.g. Diana hit up the founders of TechStars, including Semyon Dukach, who was also a member of the infamous MIT Blackjack team). [28.50] Diana shares her biggest challenges of being accepted into TechStars [31.30] On being the sole college graduate amongst her co-founders [35.00] Why the world is your classroom [37.30] Why Diana identifies as an introvert and why it’s important to know yourself in order to avoid burnout [40.15] Diana discusses the challenges of raising capital and the emotional stakes at play Don’t work with investors purely because they have money but because they will be a good fit for your team and offer a productive skillset [46.40] Discusses the hiring process in a startup environment. Save employee time by putting technical filters up front in the hiring process to screen potential candidates It’s difficult to avoid hiring to keep up with growth but often startups have realisations and need to scale back. The important thing is to be conscious of it. [53.50] The challenges of sponsoring candidates on a Visa [56.50] Discussion on politics, America’s competitive advantage in entertainment and technology being eroded and technological libertarianism. Take away thought - “what happened 250 years ago is what is allowing today’s events to unfold” [1.01.40] Diana discusses why transfer learning is Indico’s secret sauce Machine learning startups need to apply their expertise to specific market segments Transfer learning is a methodology for taking an approach for a specific problem, adopting it as a standard for a certain type of problem group and being able to apply it to new problems, that fit within that type of problem group. [1.05.30] On maintaining an IP competitive advantage and staying up to date with cutting edge industry trends [1.08.15] Diana discusses the kind of money required for cloud based infrastructure in a machine learning startup Diana discusses two innovative products offered by Indico, Crowd Label and Custom Collections, which help their end users label data and build custom models at speed and scale. [1.14.00] How to protect IP and a business's “secret sauce” in a highly competitive environment? [1.16.45] The importance of choosing an investor and not feeling obliged to sign a term sheet just because one is put in front of you. [1.17.30] What Indico does to prepare for a “black swan” event Risk scales in proportion to number of customers and stakeholders involved [1.21.10] Why customers should come to Indico for machine learning expertise High quality unstructured text and video analysis. Free for first 10,000 API calls. [1.22.50] ]How startups have capitalized on Indico’s unique product set at Hackathons to be able to build out MVPs in < 48hrs including a fake news detector [1.25.00] You can find Diana on the Indico website because she runs the chat!
Startup Boston Podcast: Entrepreneurs | Investors | Influencers | Founders
Semyon Dukach is currently the Program Director at Techstars Boston and is an angel investor with roughly over 100 investments. He is also the chairman of SharpSpring, which he took over in 2002 and then took public in 2011. He lead one of the MIT blackjack teams in the early nineties, has started a few companies, and in 2012 Semyon created “The Troublemaker Award”. In this episode, Semyon talks about: His time leading one of the MIT blackjack teams in the nineties Why he loves investing in startups and what he looks for Why he took a company public in 2011, despite not needing to raise money Advice he would give to someone applying to Techstars Why he created “The Troublemaker Award” Links from today’s episode: Semyon Dukach SharpSpring AccuRev Techstars Boston Troublemaker Award If you liked this episode: Follow the podcast on Twitter Subscribe on iTunes or your podcast app and write a review Get in touch with feedback, ideas, or to say hi: nic {AT} startupbostonpodcast [DOT] com Music by: Broke For Free
Semyon Dukach, managing director of TechStars Boston, talks with us about what they look for in founders that are applying to the program. He also talks about the qualities of a good CEO, and how difficult it is to find. Learn more about your ad choices. Visit megaphone.fm/adchoices