Dan has been involved in e-commerce and fintech for more than 20 years. Before turning to the world of venture he was Chairman and CEO of Shopping.com, one of the world's largest online comparison shopping sites. Dan led the company from zero to over $100M+ in just five years and took it public in 2004, after which it was acquired by eBay in 2005 for $620mm. Dan was also chairman of the Internet Lab, a US-Israeli incubator for early-stage consumer Internet startups, as well as Senior VP of MasterCard International, where he managed all online global debit products.
Dan joined Canaan in 2007 and has led the majority of the firm’s investments in e-commerce and fintech. He sits on the board of Lending Club (NYSE: LC), the world's leading marketplace for peer-to-peer loans with a mission to fundamentally transform consumer credit and banking. He's also a board member for ShopKeep, the complete POS cloud-based platform which enables any merchant to have a register and manage their entire business simply by purchasing an iPad; CircleUp, which provides equity based crowdfunding for high-growth consumer companies; and Orchard, which seamlessly allows any investor to plug into any marketplace lender in the world. Dan also joined the board of Joor, a company that sits at the intersection of luxury brands and retailers by operating one of the largest wholesale luxury apparel marketplaces in the world.
He has an abiding interest in how true marketplaces can change a terrible experience to a delightful one, whether it be with a moving company - through his investment in Bellhops – or US Treasuries trading, through his involvement with Direct Match. Finally, Dan wants to ensure that anyone who is short on cash but long on assets never has to worry about accessing credit again, through his work with borro, a global personal asset lending platform.
Dan earned an AB from Princeton University's Woodrow Wilson School of Public and International Affairs and an MBA from Yale University. He also spent two years running a UNHCR program on the Thai-Cambodian border, where in order to get to his work at a refugee camp he learned to ride motorcycles and dodge water buffalo. This has proven to be a useful skill in his current work as well.
"The world of hypergrowth companies is very rarified air – and nothing is better than breathing it deeply!"
The overall teamwork and camaraderie developed in the trench warfare that is the world of hyper growth business. "Oh yeah, and also a slightly chilled bottle of DuMol; spring skiing; scuba diving off the wall of Grand Cayman; and traveling with my family - to just about anywhere."