Semyon Dukach is Managing Director of Techstars in Boston. He is also known as a top angel investor, the Chairman of SMTP (company) (NASDAQ: SMTP), and a former professional blackjack player with the MIT Blackjack Team.

• Semyon Dukach Blackjack Science
• Angel Investor Semyon Dukach
• Semyon Dukach Net Worth

Dec 29, 2010

Semyon Dukach made a name for himself by winning at blackjack, but now he directs a company called Terrafugia that builds flying cars.

Dukach was a member of the MIT Blackjack Team that used advanced card counting strategies to take Las Vegas casinos for tens of thousands of dollars in the mid-1980s. Dokach’s blackjack career went on to include participation in other blackjack card counting schemes, working with teams like Strategic Investments and later the Amphibians. He used his advanced blackjack strategy to win money in Vegas until the late 1990s.

Dukach still enjoys playing blackjack card games, but he is focusing his energies in other pursuits these days. Since setting aside his blackjack career, he has dabbled in virtual reality with IBM and has been involved in a number of software and internet products.

Now, it seems Dukach has a new passion – flying cars. In federal documents concerning millions of dollars in equity financing, Dukach is listed as one of three directors of aviation company Terrafugia, which focuses developing hybrid flying machines; basically, flying cars.

Earlier this year Terrafugia signed as a subcontractor on a $65-million Defense Advanced Research Projects Agency (DARPA) project to develop a four-person flying car, but the company is best known for their smaller flying vehicle called The Transition. It is a personal airplane with foldable wings that is just as comfortable driving down the road as it is flying through the clouds. The Transition went into small-scale production in September, and with a $10,000 reservation deposit, anyone can take a step towards owing a flying car of their very own.

Tags: Blackjack, Card counting, Defense Advanced Research Projects Agency, Flying car, IBM, internet products, Las Vegas, member of Blackjack Team, MIT, MIT Blackjack Team, Semyon Dukach, Terrafugia, USD, virtual reality

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Semyon Dukach (born 25 October 1968) is the Founding Partner of One Way Ventures,^[1][2]a venture capital fund that backs immigrant entrepreneurs.^[3][4]He is also known as the former Managing Director of Techstars in Boston,^[5] a top angel investor,^[6] the former Chairman of SMTP (company) (NASDAQ: SHSP),^[7] and a former professional blackjack player with the MIT Blackjack Team.^[8] He played with Strategic Investments and later was one of the founding members and team leaders on Amphibian Investments whose exploits were chronicled in Ben Mezrich's Busting Vegas and referred to in Mezrich's Bringing Down the House. Dukach was the main character in Busting Vegas and the only member of the MIT blackjack team to be referred to by his real name in either book.

Early life[edit]

Born on 25 October 1968 in Moscow, Dukach moved to the US in 1979 at the age of 11. He completed a BS in Computer Science at Columbia University in New York in 1990 and a MS in Computer Science at MIT in Boston in 1993.^[9]

At a young age Semyon developed an interest in video games and specifically Pac-Man. Semyon became proficient at the game by reading Ken Uston's Mastering PAC-MAN. This led him to read Uston's other titles on blackjack, giving him an understanding of the basics of card counting before he was approached to play with the MIT Blackjack Team.^[10]

Blackjack career[edit]

While attending MIT, Dukach was trained as a player on the MIT Blackjack team whose exploits were loosely depicted in the Hollywood movie 21.

Starting out with Strategic Investments (SI) in 1992, Dukach was a major player on the team. At the end of 1993 SI dissolved and Semyon was involved in a team effort with the remaining players from SI for the next year. By 1995 Dukach and a few players split off from that team and formed a second, independent team. This new team was referred to as the Amphibians and the team that they left was referred to as the Reptiles.

Since stopping play in the late 1990s, Dukach's involvement in blackjack has been limited.

Angel investor[edit]

Xconomy lists Semyon as a top Angel Investor in New England.^[6] According to his website, he has invested in over 100 start up companies, and provides marketing and team building advice to companies he invests in. Some of his investments include Amino, Bellabeat, Boatbound, Bolt, Buttercoin, Camiolog, Cangrade, Krash, CoachUp, Codeship, CoEverywhere, Crunchbutton, Dashbell, Donde Esta, Double Robotics, Enertiv, Faraday Bikes, Fashion Project, Freight Farms, ImageSurge, Jebbit, HelmetHub, Mapkin, Meograph, OpenBay, Ovuline, Petcube, Petnet, Plowme, Preply, Quanergy, Rallyware, Regalii, Simpleprints, Socrative, Splashscore, Sproutel, Strongarm, Terrafugia, Trefis, Reactor Media, ViralGains, Wanderu, and Zagster.

As of June 2017, Dukach was the Managing Partner of One Way Ventures.^[1]

Other ventures[edit]

Semyon Dukach Blackjack Science

He has also been involved in other notable ventures outside of his blackjack and angel investing career:

• Authored work on virtual reality at IBM Research in 1988^[11]
• Authored a 1992 e-commerce paper on SNPP: A Simple Network Payment Protocol^[12]
• Founded Fast Engines in 1997, sold to Adero in 2000^[13]
• Co-founded Vert in 1998
• Lead investor and interim CEO of AccuRev in 2001^[14]
• Chairman of SMTP, a Nasdaq listed provider of email delivery services.
• Co-founded PDFfiller
• Was a CEO mentor at the Cambridge Business Development Center^[15]
• Board director of Terrafugia^[16]
• Founded the Troublemaker Award, granted to Zack Kopplin in 2012, to Nadezhda Tolokonnikova of Pussy Riot in 2013, and to Mustang Wanted in 2014 for creative troublemaking that improves the world.
• Director, Boston TechStars, 2014-2017.^[5]

Family[edit]

Angel Investor Semyon Dukach

Dukach is the brother of Inna Dukach the opera singer married to Sean Altman, former front man of Rockapella.^[17]

References[edit]

1. ^ ^ab'WBUR: Meet The Immigrant Who's Creating A Venture Capital Fund For Fellow Immigrants'. Retrieved 17 December 2017.
2. ^'Forbes Tech Money: Betting on Immigrant Grit'. Retrieved 17 December 2017.
3. ^'New Boston VC Firm for Immigrant Founders Aims to Raise $50M Fund'. Retrieved 17 December 2017.
4. ^'WSJ Venture Capital: New VC Funds Aim to Help Immigrant Founders'. Retrieved 17 December 2017.
5. ^ ^ab'Xconomy: Semyon Dukach Goes From VC Outsider to Techstars Boston Head'. Retrieved 28 March 2014.
6. ^ ^ab'Xconomy: Top Angel Investors of New England'. Retrieved 2 May 2013.
7. ^'Xconomy: Semyon Dukach Takes SMTP Public'. Retrieved 4 May 2011.
8. ^Kahn, Joseph P. (10 May 2006). 'Boston Globe Semyon Dukach Profile'. The Boston Globe. Retrieved 17 April 2011.
9. ^Blackjack Science
10. ^'ThePOGG Interviews - Semyon Dukach - MIT Card Counting Team Captain'. Retrieved 10 November 2012.
11. ^Design for Interactive Performance in A Virtual Laboratory – Wang, Koved, Dukach (ResearchIndex)
12. ^SNPP: A Simple Network Payment Protocol – Dukach
13. ^Network WorldArchived 22 June 2013 at the Wayback Machine
14. ^'AccuRev, Inc. Releases Version 2.5 of AccuRev/CM With an Integrated Issue Tracking System June 18, 2001'. Business Wire. 2001.
15. ^'Blackjack Experts Article'. Archived from the original on 20 November 2008. Retrieved 2 January 2009.
16. ^Regan, Keith (28 January 2011). 'Future poised for takeoff for maker of flying cars'. Boston Business Journal.
17. ^semyon.com

Semyon Dukach Net Worth