Zachary Resnick – Invest in People Not Just Ideas

<p><strong>BIO: </strong>In 2013, Zachary Resnick began to make a living from playing poker cash games and investing in other poker players, providing a unique understanding of risk management that is largely shaped through leveraging volatility to outperform others in the high-risk, high-reward situations of poker.</p><p><strong>STORY:</strong> Zach invested in two founders with a brilliant idea and overlooked the fact that they were not A+ founders. He ended up riding the company down by more than 80%.</p><p><strong>LEARNING:</strong> Back people that completely blow you away. People are super important, especially at the earlier stage of the business that you invest in.</p><p>&nbsp;</p><blockquote class="ql-align-center"><strong>“When investing in early-stage companies, the qualities of the founders are paramount and almost inarguably the most important thing for that company.”</strong></blockquote><blockquote class="ql-align-center">Zachary Resnick</blockquote><p>&nbsp;</p><h2>Guest profile</h2><p>In 2013 <a href="https://www.linkedin.com/in/zach-resnick-2aa196a4/" rel="noopener noreferrer" target="_blank"><strong>Zachary Resnick</strong></a> began to make a living from playing cash games and investing in other poker players, providing a unique understanding of risk management that is largely shaped through leveraging volatility to outperform others in the high-risk, high-reward situations of poker.</p><p>In 2016 he made his first personal investment in Bitcoin and, by 2017, was focused on investing and trading crypto full-time.</p><p>In 2018 he founded Unbounded Capital, an early-stage venture capital firm focused on payment infrastructure.</p><p>He is also the founder of FlyFlat - a luxury concierge service that specializes in last-minute, heavily discounted business and first-class air travel.</p><h2>Worst investment ever</h2><p>Zach’s company invested in these two founders, who loved the company’s media content on the blockchain world. The founders were building a solution that Zach believed was A+. It wo