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As technology's role expands globally, in all industries, I am grateful for a diversity of industry exposure, which for me has highlighted and reinforced what is fundamental to the success of most businesses.I'm an entrepreneur because I love problem-solving, and startups provide unpredictable chains of stimulating challenges. I think the time I've spent starting and working for different types of companies has developed my resourcefulness and ability to push critical actions forward - I consider these two of my strengths. I also love learning about innovative products and services and figuring out creative ways in which a company's unique capabilities can be leveraged to innovate and compete.I've worked for companies with annual revenues that ranged from below $0 to north of $100B, in a wide range of industries, including consumer data/analytics (Experian), aerospace & defense (CSP Associates), consumer products (3M), mobile payment (PhoneTab), cloud services (infrastructure, platform, and software), chat (PingUp), brick-and-mortar retail (Turnstyle), as well as enterprise scheduling (Subwhisper). Most recent I’ve been focused on building DAPPS (decentralized apps) on the Telos blockchain. I've also come to appreciate the importance of revenue, how it’s tied to employee performance, and how compensation incentive dynamics drive product development quality, company culture, and innovation in general. I believe in creating aligned incentives and unified strategic visions, which is why it's so important to spend energy early on - to have the discipline necessary - to ensure that profitability is appropriately factored into a company's larger strategic plan.
Telos Force Dao
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Founder, CeoTelos Force Dao Apr 2022 - PresentOperating on the best-in-class Telos EVM (Ethereum Virtual Machine), FORCE is a community governed bank and stable coin platform based on the Maker DAO over-collateralized saving and lending model. The associated stable coin, called “FUSD”, emulates the longest standing stable coin in the Ethereum universe, called “DAI”, with associated governance token, “FORCE”. The Telos FORCE system utilizes a powerful distribution model called “Dollar Cost Average Rewards”, which serve to reward long term commitments of liquidity, while blocking extractive short term trading activity, which can and does destroy blockchain ecosystems before they’ve had a chance to mature.
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Blockchain AuthorSelf-Employed Oct 2017 - Jan 2023https://hackernoon.com/@Downinghttps://steemit.com/@downinghttps://medium.com/@rich_downing
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Vice President Client SolutionsBallast Lane Applications, Llc Oct 2019 - Oct 2020
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Blockchain Project Director (Interim)Master Ventures Feb 2019 - May 2019British Virgin Islands, VgEarlier this year (March/April) I spent six weeks working with the executive team at Master Ventures, a blockchain startup incubator in Koh Phangan, Thailand, where I served as (acting, temporary) Project Director for an internal MV blockchain project - an initiative similar to Nexo.io. -
Co-FounderSubwhisper Jun 2016 - Feb 2019Subwhisper is an app for trading work shifts between employees. Using data from easily set Manager controls and employee preferences, Subwhisper's patent-pending Sub Request Bot automatically finds the best person to fill in for absent workers. With Subwhisper the enormous headache of managing shift substitution requests from employees is now a thing of the past. Subwhisper works as a great compliment to any larger enterprise scheduling system.
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Ux/Ui ConsultantFreelance Management Consultant May 2016 - Mar 2017Advisory services provided to Harvard Business School student startups in HBS iLab
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Cofounder & PresidentTurnstyle Cycle & Bootcamp Jan 2014 - Mar 2016Boston, Ma, UsGrew company from concept stage to four profitable, self-sustaining locations. -
Operating PartnerEndurance Companies Apr 2013 - Dec 2015San Francisco, California, UsEndurance Companies is a holding company that manages diversified entrepreneurial ventures and investments. The company's mission is "to empower good people to build meaningful companies.” -
Management ConsultantQuesnay Nov 2012 - Feb 2013New York, Ny, UsPart of a three-person team advising a top-three (>$100B) telecom player on it's go-to-market strategy into the global cloud computing market with a full-service (IaaS, PaaS, and SaaS) offering to compete with largest global cloud computing and development ecosystem/service providers. -
Product Marketing ManagerPingup, Inc. May 2012 - Aug 2012Internal consultant for period spanning from two weeks prior to public launch of web and mobile applications to two weeks after close of $1M Series A fundraising effort.Accomplishments:Alignment of merchant and consumer GTM (go to market) strategy with medium and longer term technology (including payment) strategyCreation of all copy for web app, mobile app, and automated email content, including Consumer and Merchant legal contracts and support website (Zendesk)Developed Investor and Technology Partner docs, including revenue model, adoption model, as well as related presentation documentsOngoing usability analysis of web and mobile application workflowVarious product marketing responsibilities, including management of ongoing "Customer Persona" initiative detailing common behavioral traits among addressable consumer and merchant market segments
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Co-FounderPhonetab, Inc. Nov 2009 - Jan 2012PhoneTab is a flexible cloud-based platform that connects Smartphones, point of sale systems, payment networks, and marketers. Executed all major business functions, including:Finance, marketing, and business development efforts, including formation of merchant/brand social launch strategy.Co-design of payment network to facilitate mobile credit card and ACH payment transfers between consumers and merchants.Formation and management of integration partnership with global hospitality point of sale (POS) systems provider.Two successful fundraising efforts, including (1) seed-level capital from industry experts (2) winning initial sponsorship by Batten Institute for Entrepreneurial Leadership.Management of strategic relationships with merchants and brands, who were representative of PhoneTab's larger addressable market and provided input for ongoing concept development.
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Strategic Business Development3M May 2009 - Aug 2009St Paul, Mn, UsLead on "Global Mega-trend Analysis", a series of reports on emerging markets, including market trends in consumer data, Experience Design (XD) technology, "Network-centric Home", water filtration, and building-integrated solar technologies. (Presented to 3M's executive leadership.) -
FounderThe Neutral Development Project Sep 2006 - Jul 2009The Neutral Development Project is a non-profit organization founded to help impoverished areas build basic infrastructure in a nonaligned (“neutral”) environment. The organization's primary purpose was to hold fundraising events, including benefits, golf tournaments, and race sponsorships. All event proceeds (greater than $20,000) went to water.org for their efforts to promote water irrigation and sanitation in developing countries with populations most at risk of being drawn into religious or political conflict.
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AssociateCsp Associates, Inc. Aug 2006 - Jul 2008Cambridge, Ma, UsCSP Associates, Inc. is the leading global strategic/transaction advisory group specializing in aerospace and defense. Clients include all of the largest defense contractors, banks, and private investment firms in the industry. -
Analyst - New Business DevelopmentExperian Decision Analytics Jul 2005 - Jul 2006Costa Mesa, Ca, UsPart of a small internal research team responsible for identifying acquisition targets.
Richard Downing Skills
Richard Downing Education Details
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University Of Virginia Darden School Of BusinessGeneral -
Colby CollegeEconomics -
Saint John'S High School -
Batten Institute For Entreprenuership And InnovationEntrepreneurship/Entrepreneurial Studies
Frequently Asked Questions about Richard Downing
What company does Richard Downing work for?
Richard Downing works for Telos Force Dao
What is Richard Downing's role at the current company?
Richard Downing's current role is DAO Founder - Decentralized systems are the future..
What is Richard Downing's email address?
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What is Richard Downing's direct phone number?
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What schools did Richard Downing attend?
Richard Downing attended University Of Virginia Darden School Of Business, Colby College, Saint John's High School, Batten Institute For Entreprenuership And Innovation.
What are some of Richard Downing's interests?
Richard Downing has interest in Mobile Payments, Loyalty Programs, Children, Skiing, Economic Empowerment, Woodcraft, Education, Beekeeping, Generation Y Z, Poverty Alleviation.
What skills is Richard Downing known for?
Richard Downing has skills like Strategy, Start Ups, Entrepreneurship, Business Development, New Business Development, Business Strategy, Market Research, Management, Leadership, Financial Modeling, Strategic Planning, Finance.
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