Disrupting nightlife with fintech entrepreneur and head of Coincierge Club
For Darryll DiPietro, CEO of Coincierge Club, community building is vital. Darryll’s team runs a fintech point-of-service solution for blockchain transactions. This means with this system, anyone with a brick-and-mortar business can potentially transact with customers.
Darryll meandered into fintech and crypto. After venturing into Hollywood for film and MTV music production, he fled for the Vegas nightlife to manage a few businesses. Then at Google, he worked his way up into operations for the Google store. Though with roots in Connecticut, he wasn’t drawn to the predictable path of going to an elite school and a Wall Street career. Rather, he gravitates towards the San Francisco Bay Area with its mosaic landscape and creative spirit unfettered by orthodox rules. That exposure gave him a “well rounded palette when it came to art and tech,” Darryll said.
His first dive into blockchain was being ‘ripped off’ from an investment, but it opened his eyes to a new trust system. He worries that the bad investment reflects a broader problem undermining the blockchain community. Darryll fears that if the crypto community doesn’t unite, it’ll be upended by traditional entities like banks and the force of government. Fintech companies should aim for a broader mission and foster community building. For example, he was impressed by the World Crypto Con Blockchain Summit in Vegas in Oct. 2018. There hundreds of people and organizations came from different walks of life to mark the 10th anniversary of Bitcoin’s whitepaper.
Things that kill the community include the hype and excessive speculation. People “buy on speculation, sell on facts.” That hurts ethical companies with a serious mission. The crypto bear market is burning a lot of companies and suppressing the hype. Companies that are actually building are accruing value while half-baked coins are collapsing.
Darryll calls on founders and developers to team up against incumbent corporations (i.e. monopolies), greedy event organizers, and startups that fuel hype and market speculation. “Who is in it for the industry, and who is in it just for profits?” is a question people should ask, says Darryll.
Lastly, he reminds innovators to hit up conferences outside of the crypto sphere to get a well-rounded outlook on market trends and needs of the community. This could include fintech, AI, third party tech, and robotics conferences. That will help you build a well-rounded staff and better products. Darryll wants innovators to see the bigger vision, be in it for the long-term and not look for a quick exit strategy.
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Reporter: Jeff Peterson
Show Writer: Dang Du
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