Daniel Polotsky
Greater Chicago Area, United States
Founder & Chairman of the Board at CoinFlip | Founder & Chairman of the Board at CoinFlip
Summary
Daniel Polotsky is the Founder & Chairman at CoinFlip. He started the company during his sophomore year of college from his dorm room at Northwestern University, and served as its first CEO. He and co-founders Kris Dayrit, Alan Gurevich, and Ben Weiss bootstrapped CoinFlip by several million percent between 2015 and 2022. Despite never raising investor capital, CoinFlip became the fastest-growing company in Chicago and the Midwest. The business currently employs 250 people.
CoinFlip
1mo
Founder & Chairman of the Board
1 Apr 2021 - Present
1mo
Chicago, Illinois, United States
• Focus on CoinFlip’s macro strategy, new product offerings, and global expansion • Guide current management team as the company continues to rapidly scale • Assist with specific departments as needed
Founder & CEO
1 Nov 2014 - 30 Apr 2021
1mo
Chicago, Illinois, United States
• Oversaw a period of nearly two million percent growth between 2015 and 2020, during which CoinFlip bootstrapped its way to becoming far-and-away the fastest-growing company in Chicago • Organically grew organization to over $1.5 billion in annual transaction run rate/over $100 million in annual fee revenue run rate without investor money • Manage day-to-day functions of the company’s 2500 ATMs, including restocking, wiring money, and maintenance • Forged business relationships with manufacturers, state/federal regulators, banks, store owners, and clients • Stay on top of relevant news in the industry via regular and thorough reading • Follow compliance by implementing an Anti Money Laundering/Know Your Customer program, registering in the state of Delaware as an LLC, registering with FinCEN as a money service business, receiving all other necessary licensure, and hiring both a certified lawyer and accountant
Global Treasury Operations Summer Analyst
Citadel LLC
1 Jun 2016 - 30 Sept 2016
3mos
Greater Chicago Area
•Was responsible daily for settling Canadian treasury repo and cash trades, returning securities to counterparties and fielding their returns, researching previous-day trade breaks, and resolving current-day trade exceptions within DTC •Finished several projects, such as recodifying the team’s counterparty payment models, delivering an intern networking presentation, completing stock loan audit confirmations, and compiling counterparty contact lists
Campus Brand Representative
Uber
1 Sept 2014 - 31 Dec 2015
1yr 3mos
Greater Chicago Area
• Signed up new users via implementation of marketing skills • Registered over 100 new users to date, and am currently number 1 in the Midwest rankings
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