263: Daffy CEO Adam Nash on State of Silicon Valley & Charitable Giving with Donor Advised Funds
Invest Like a Boss
Sam Marks Johnny FD Derek Spartz
4.8 • 518 Ratings
🗓️ 16 February 2023
⏱️ 95 minutes
🔗️ Recording | iTunes | RSS
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Summary
Sam and Derek partner up on this interview with a man who has been involved in hundreds of Silcon Valley startups as well as working for some of the largest tech companies over the last 30+ years. Daffy Co-Founder/CEO Adam Nash joins the show to talk the current state of technology and funding, and his move to non-profits and charitable giving through his new Donor Advised Fund platform Daffy. Sam and Derek share some stories on their experiences with giving and also have some fun, although embarrassing, stories to share with the audience on how we got this interview to work.
About Adam Nash: Â
Adam Nash is the co-founder and CEO of Daffy.org, a not-for-profit community built around a new, modern platform for giving. Adam is a seasoned executive, investor, and advisor. Adam currently sits on the Board of Directors for Acorns, the country’s fastest-growing financial wellness system, and Shift Technologies. Adam also teaches the “Personal Finance for Engineers” course at Stanford and was previously president and CEO at Wealthfront.
About Daffy:Â
Daffy is the Donor-Advised Fund for YouTM, a not-for-profit community built around a new, modern platform for giving, one built around the commitment to give, not the amount you give. It empowers people to be more generous, more often through a seamless mobile experience that helps members set money aside, watch it grow tax-free, and donate to more than 1.5 million charities. Started by technology veterans and backed by Ribbit Capital, XYZ Ventures, and Coinbase Ventures as well as prominent individual investors, Daffy provides a number of
member-focused features that make giving an easy habit to keep. To give with Daffy, visit daffy.org or search “Daffy” in the App Store.
Discussed:Â
Where we are:
- Johnny FD – Ukraine / IG @johnnyfdj
- Sam Marks – Andorra / IG @imsammarks
- Derek Spartz – Los Angeles / IG @DerekRadio
Sponsor:
- Indeed
Indeed knows when you’re growing your own business, you have to make every dollar count. That’s why with Indeed, you only pay for quality applications that match your must-have job requirements. Visit Indeed.com/ilab today.
Like these investments? Try them with these special ILAB links:
- ArtofFX – Start with just a $10,000 account (reduced from $25,000)
- Fundrise – Start with only $1,000 into their REIT funds (non-accredited investors OK)
*Johnny and Sam use all of the above services personally.
Time Stamp:
- 04:36 – Adam Nash's Resume
- 08:17 - Zoom Issues - Why We Shared the Interview
- 14:17 - Adam Nash Interview Starts
- 42:39 - How Daffy Works
- 53:00 - Tax Savings Benefits of Donor Advised Funds
- 1:10:51 - Sam & Derek Outro - their DAF Experience
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Transcript
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| 0:00.0 | What's up bosses? Before we kick off this episode, I want to tell you about our sponsor this week. |
| 0:05.0 | Indeed.com. Indeed is the hiring platform where you can attract, interview, and hire all in one |
| 0:11.9 | place. Don't spend hours on multiple job sites looking for candidates with the right skills when you can do it |
| 0:17.1 | all with Indeed. Indeed knows when you're growing your own business. You have to make |
| 0:22.5 | every dollar count. That's why with Indeed, you only pay for quality applications that match your |
| 0:27.5 | must have job requirements. And Indeed has all kinds of amazing tools that I'm going to tell you |
| 0:33.1 | about later in the break. But if you want to get a jumpstart now on your hiring, just visit |
| 0:37.2 | indeed.com slash iLab, just visit Indeed.com |
| 0:38.5 | slash iLab. That's Indeed.com slash ILab. Indeed.com slash ILAB. Terms and conditions apply |
| 0:47.4 | cost per application pricing not available for everyone. Need to hire. You need indeed. All right, |
| 0:53.2 | let's kick off this episode of Invest |
| 0:55.1 | Like a Boss. Welcome to the Invest Like a Boss podcast. I'm Sam Marks. I'm Derek Sparts. And I'm |
| 1:00.7 | Johnny FD. We're self-made entrepreneurs who invest our own money and use modern technology |
| 1:04.6 | to invest like a boss. Join us each week for exclusive interviews with our network of modern |
| 1:08.8 | investors, business owners, and multimillionaires |
| 1:10.9 | to discover new ways to invest our hard-earned cash. |
| 1:15.5 | What's up, Boss's, episode 263 of the Invest Like a Boss podcast. |
| 1:20.0 | I'm Derek Sparts here in Los Angeles. |
| 1:22.7 | Sam, for the time being, in Barcelona, he's on the move soon, and he's got a giant class of wine. |
| 1:30.3 | Sam, how are you? |
| 1:32.2 | It's a Copa. It's a Copa in Spain. |
| 1:35.5 | Awesome. I got to write that down. |
... |
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