Chris Dannen

Chris Dannen

Chris Dannen is CIO, co-founder, and managing partner at Iterative Capital, the New York-based cryptocurrency investment manager, and CEO of Escher, the Bitcoin liquidity platform. As an ethnographic consultant, Chris documented the inside workings of hundreds of large corporations and early-stage startups. His writing on innovation has appeared in Fast Company, Wired, and MIT Technology Review. As an independent change-management consultant, he has advised Bloomberg LP, Microsoft, Edelman, Soho House, General Assembly, Atlantic Media, and the Knight Foundation. He developed his consulting practice while on staff at ReD Associates in Copenhagen, and Undercurrent LLC in New York. He later co-founded the iOS development shop Sneakers Agency in Brooklyn, NY in 2013, and began his first small-scale cryptocurrency mining operation in 2014. Chris is the author and co-author of five books on software development (two blockchain-focused) and has guest lectured at Stanford GSB and Columbia Graduate School of Business on the drivers of the Bitcoin phenomenon. He graduated from the University of Virginia and lives in Manhattan, NY.

2020

Launched: Escher Trade, a workstation for cryptocurrency traders and dealers, and an accompanying dealer network. The second product on the Escher platform after the Client mobile app, the web-based and mobile-accessible Escher Trade platform provides traders an OTC-style RFQ, trade logging, automated settlement, client view, and a heads-up display auto-calculating daily PNL and trade stats. It represents the next phase of Iterative Capital's automated liquidity services.

2020

Restructured: Iterative Capital Fund II, the investment manager's flagship Fund, has been converted to an operating company. The Fund's primary strategy, proof-of-work mining, was unwieldy to maintain in an LP-GP vehicle. Iterative PoW Holdings (as it is now called) is streamlined, lower-overhead, and more flexible with the use of its mining rewards in alternative strategies.

2019

Launched: Iterative Advisors. An outgrowth of the Firm's research practice, Iterative Advisors is a premium consulting service for institutions and family offices in search of a comprehensive view of the drivers of the cryptocurrency phenomenon, presented in its relevant historical and economic context.

2019

Traveled: To British Columbia for 10 days of backcountry mountain biking.

2019

Launched: Escher, a Lightning-enabled Bitcoin and cryptocurrency liquidity platform aimed at developers and wholesale desks, and anchored by a flagship mobile application called Escher Client for iOS and Android. After a business combination with i2 Trading, Iterative Capital's OTC dealer business and its retail offering are now collectively known simply as Escher.

2018

Published: Version 1.0 of the Iterative Capital Bitcoin Investment Thesis. Comprised of 100 pages and 250 footnotes drawn from over 20 books and academic papers, the I.C Thesis is the most comprehensive view of the cryptocurrency phenomenon available to investors. We present Bitcoin as an answer to the frustrations of the knowledge worker with a modern corporate structure, and speculate on its implications for business. The Thesis is an evolving document and will exist in subsequent updated versions.

2018

Launched: i2 Trading. Based in New Jersey and licensed at the state and Federal level, i2 Trading is a money transmitter and money services business engaged in large block cryptocurrency dealing. Customers favor i2 Trading for its best execution service, offering multiple order types and formats, as well as its excellent software tools.

2018

Returned Capital: Iterative Instinct Fund I, an early-stage venture capital fund launched in mid-2016 which returned capital to investors in February of 2018 at a high multiple. It invested in liquid Bitcoin and cryptocurrency positions starting in Winter of 2016, and invested seed-stage equity in crypto-startups. Portfolio companies include Storj, FOAM.SPACE, and Chronicled.

2018

Published: Building Games with Ethereum Smart Contracts, a book of intermediate software projects for Solidity developers, published by Springer Nature under the Apress imprint. (Amazon)

2018

Launched: Iterative Capital, an open-ended LP/GP fund focused on Proof-of-Work mining strategies. Iterative Capital operates ASIC miners in upstate New York and Sichuan China, contributing hashpower to the Bitcoin and Decred networks.

2018

Launched: Neutron Mining, a large scale ASIC mine in Sichuan, China. Like Iterative Capital, Neutron is a Proof-of-Work focused vehicle with ASIC miners on the Decred network.

2017

Launched & Returned Capital: i2 Storj SPV, the first dedicated Reg. D offering for a token offering, launched in May 2017 and returned capital at a high multiple. (CNBC)

2017

Published: Introducing Ethereum and Solidity, a book teaching the fundamentals of blockchain programmers for beginners. (Amazon)

2016

Launched: Iterative Instinct Fund I (described above).

2016

Traveled: To British Columbia, Canada to heli-hike in and around Tweedsmuir South Provincial Park.

2015

Launched: Manhattan's first cryptocurrency investing meetup, as seen in New York Magazine. Early attendees went on to found some of the most promising startups of the ICO-fueled crypto wave of 2017.

2015

Joined: As a senior strategist, the NY-based boutique consultancy and venture fund Undercurrent LLC. Learned how to re-organize business units and design teams for Fortune 50 clients. Implemented the Responsive Organization framework developed by Microsoft, based on open allocation and agile operating principles.

2015

Traveled: Across Japan for the Fall, to cities including Tokyo, Kyoto, and Osaka. Ethographic technology research on infrastructure with a focus on payments technologies and devices, in preparation for the launch of Iterative Instinct Fund I.

2015

Launched: The Responsive Career Design meetup, which sought to apply Responsive Organization principles at the individual level, foreshadowing the Iterative Capital investment thesis.

2014

Traveled: To Nuuk, Greenland for a summer of fishing, shooting, and hiking.

2014

Launched: First personal cryptocurrency mining operation begins in New York with a $40,000 investment, funded by independent consulting fees.

2013

Launched: Sneakers Agency, a full-service iOS and macOS development shop and creative services firm. Based in Williamsburg, Brooklyn, the agency's clients include Zagat, IBM, Droga5, SYPartners, Cameo (now Vimeo) and Pepsi.

2012-2014

Worked: As senior technology editor at Fast Company, overseeing Fast Company Labs and reporting on the internal technology processes and principles at the most innovative startups and big tech companies. Launch sponsor for Labs was the retailer Target.

2011

Published: Beginning iOS Apps with Facebook and Twitter APIs: for iPhone, a technical guide to integrating social networking components into iOS applications.

(Amazon)

2011

Published: Application Design for Windows Phone, an official 90-page design and UX guide for Microsoft Phone developers. Contracted by MSDN and Microsoft Press, and written in the syle of Apple's human interface guidelines, this document synthesized hundreds of UI-related best practices documented by internal Microsoft developers.

2010

Published: iPhone Design Award Winning Projects, a book of interviews, code snippets, and early mockups from Apple award-winning apps including Foursquare, which went on to become one of New York's top startups.

(Amazon)

2010

Traveled: Across India: Mumbai, Delhi, Uttar Pradesh, and Varanasi.

2010

Worked: As a junior consultant at ReD Associates, based in Copenhagen, Denmark, for clients such as Lego, Coloplast, Adidas, and Samsung. ReD Associates uses ethnography to understand companies at all levels, helping C-suite executives understand their personnel and solve systemic internal problems.

2009

Worked: As a reporter for CBS news covering enterprise technology while living in Paris, France. Daily original reporting from executives at companies like Microsoft, HP, Oracle, Box, and Salesforce.

2008

Worked: As a junior writer at the satirical newspaper The Onion.

2007

Traveled: Across Europe by bicycle, from Rome to Barcelona, 1000 miles in 30 days.

2006

Graduated: From the University of Virginia with a degree in American Literature and coursework in computer science, economics, and photography. Men's Varsity Crew and Phi Gamma Delta.