patrick colangelo
Biography
Early Childhood
| patrick colangelo | |
|---|---|
| File:Patrick Colangelo.jpgPatrick Colangelo.jpg | |
| Born | 1990 America |
| 🏳️ Nationality | Canadian-American |
| 💼 Occupation | |
Patrick grew up in Toronto where his focus was mostly on hockey and athletics. Patrick attended the private all-boys high school, St. Michael’s College School in Toronto, where he was a three-sport athlete. He rose to number 2 in his class in academics, and became the President of the school in his Senior year. Despite receiving scholarships for fully paid tuition at every Canadian university, Patrick preferred to go to the US for college.
Black Diamond Capital
In his Sophomore year at Harvard, Patrick founded a secretive hedge fund on campus called Black Diamond Capital Investors. He started the fund with 20 of his friends. However, Black Diamond is not recognized officially by Harvard University to this day. The Harvard Crimson newspaper wrote a negative review on Black Diamond during its first year, focusing on its rigid membership cap and strict buy-in requirements. Shortly after the article came out, the fund was bombarded with an avalanche of applications for membership from Harvard students. This drove Black Diamond’s membership admission rate to levels higher than Harvard itself, and the word began to spread. By the time Patrick graduated, Black Diamond had become something of a legend, not just on Harvard's campus but across the country; so much so that Chief Editor of New York Magazine, Kevin Roose, negotiated for weeks with Patrick to sit in on a private meeting. Until that time, no one had been allowed to attend Black Diamond meetings but its own partners. Patrick agreed provided that details of the meeting were to remain confidential. And Roose flew in from New York to Harvard’s campus to be with the Black Diamond partners for a weekend. To date, Patrick cites that decision as a regret. Roose ended up publicizing the experience and writing a chapter about Black Diamond in his book Young Money. In just 5 years, Black Diamond became one of the largest campus hedge funds in AUM in the United States. It has been public about its performance track record of delivering double-digit absolute returns every single year since inception, and now has over 100 Harvard alumni on Wall Street at bulge bracket banks and private equity funds.
Other
When he was 9, Patrick broke a 65 year-old running hockey club record in Downsview Ontario, scoring 93 goals in 15 games. As an undergraduate student at Harvard, Patrick was a guest lecturer for graduate students at Northeastern University on macro hedge fund strategy. He also wrote for Forbes on entrepreneurship. He is an inventor on 16 patent applications, and holds 5 issued utility patents. In high school, Patrick broke a city record in Toronto when he passed 12 AP exams within one year.
Spayce
While in his Senior year at Harvard, Patrick created the app Spayce, a location-based social network that lets users find parties and what’s happening nearby while leaving digital memories in physical places. The app quickly took off on campus, crashing its servers and soon attracting investment. Patrick began expanding the app to other colleges in the Ivy League where it continued to grow quickly in popularity. He then embarked on a national tour with a group of his friends in a 50-foot tour bus around America, traveling through 30 colleges from San Jose to Florida. At each campus, the team would throw a party at a different Fraternity and launch the local Spayce community that same night. During this period of growth, USA Today called Patrick the next Mark Zuckerberg, and Techcrunch called Spayce the future of local social media. But Spayce’s popularity waned over time as it began to get swallowed by its big city expansion. The once electric college communities on the app became melting pots for people of all backgrounds interacting directly with each other, which turned off its most loyal young users.
VidyCoin and Vidy
Patrick wrote a 135 page whitepaper for VidyCoin in 2018, describing his vision for a token that would empower the world’s first decentralized reward economy. He launched the coin in June 2019 with his cofounder Matthew Lim to a frenzied community reaction, selling out completely in 4 minutes. VidyCoin raised $45 million in 2 hours, and later launched on Gate exchange, rising 8x more than the first day. Since creating VidyCoin in June 2019, the coin has seen over $800MM in aggregate daily volume across all of the major exchanges it’s listed on. One night, at 4 a.m, while reading an article in his office in San Francisco, Patrick came up with the idea of Vidy. He was not willing to read, so figured there had to be a way to fuse texts with relevant videos so that highlight videos could pop out and supplant the text people were reading. Soon Vidy was born, and its technology today empowers videos and ads embedded across 100's of the top publishers in the world who see billions of monthly pageviews. Vidy has offices in New York, San Francisco, Shanghai and Singapore.
External links
https://www.vidycoin.org/team.html
https://www.crunchbase.com/person/patrick-colangelo
https://simpleswap.io/what-is/vidy
https://aithority.com/technology/blockchain/vidy-expands-decentralized-video-ad-network/
https://www.prnewswire.com/news-releases/vidy-expands-decentralized-video-ad-network-to-empower-publishers-solving-ad-fraud-301198878.html https://crypto.com/price/vidy
References
patrick colangelo
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