Editorial Staff

Semyon Dukach on the High Value of Immigrants for the U.S. Economy

/in , , /by Editorial Staff
Share on Facebook
Share on Twitter
Share on
LinkedIn
+

This week on JobMakers, Host Denzil Mohammed talks with Russian-born entrepreneur Semyon Dukach about the high value of immigrants to the U.S. Dukach started a seed stage fund for immigrant tech founders, One Way Ventures, in response to the early restrictive moves of the Trump administration, particularly the Muslim ban. In his 20 years of angel investing, he noticed a trend: immigrant-led companies repeatedly outperformed the rest of his portfolio. Indeed, immigrants make up less than 14 percent of the U.S. population but launched 24 percent of high-tech startups and founded or co-founded 55 percent of America’s billion-dollar startups. In this episode, Dukach shares his thoughts on how to reform America’s immigration policies.

Guest:

Semyon Dukach is a refugee from the Soviet Union and Managing Partner of One Way Ventures. He was previously the Managing Director of Techstars (Boston), and prior to that, a prolific angel investor and a friend of the startup community. Semyon has made over 100 angel investments, including early investments in Quanergy, SMTP.com, and Wanderu. Xconomy lists Semyon as a top angel investor in New England. His philosophy has been to focus on helping his founders at all costs. Prior to becoming a full-time angel, Semyon co-founded several technology companies including Vert and Fast Engines. Fast Engines was sold to Adero in 2000. Beyond startups, Semyon is known for leading one of the MIT blackjack teams in the early 90s. Semyon earned his B.S. from Columbia University and M.S. from MIT, both in Computer Science.

Get new episodes of JobMakers in your inbox!

Browse recent episodes:

Mahmud Jafri Builds on a Pakistani Legacy in America

This week on JobMakers, Host Denzil Mohammed talks with Mahmud Jafri, who built on a legacy started by his grandfather and began importing hand-knitted rugs from his native Pakistan, creating opportunities especially for women who traditionally couldn’t work outside the home. Today, he has three Dover Rug & Home stores across Massachusetts, including the Back Bay.

Larry O’Toole on Workplace Culture & Immigration Policy

On this week's episode of JobMakers, host Denzil Mohammed talks to Larry O’Toole, founder of the multi-state Gentle Giant Moving Company that started in 1980 right here in the Boston area. They discuss Mr. O'Toole's journey at a young age from Ireland to Brookline, Mass., the challenges of being uprooted, and the ability to thrive despite barriers such as skills gaps, that many immigrants face.

Amar Sawhney on Sikhs, STEM & COVID

On this week's episode of JobMakers, host Denzil Mohammed talks to Dr. Amar Sawhney about his journey from India to Boston, and how he is using his chemical engineering background to save lives through remarkable local therapy innovations. To date, he has founded eight companies accounting for 4,000 jobs and more than $2 billion in revenue.

Max Faingezicht on the Skills Gap & the Future of Work

This week on JobMakers, host Denzil Mohammed talks with Max Faingezicht, an immigrant who founded ThriveHive, a marketing software company for small businesses, and Telescoped, which uses remote software engineering to connect Latin American engineers with U.S. companies in need of their skills. The entrepreneurial ecosystem of Boston and Cambridge have allowed Max to achieve dreams he didn’t even know he had when he arrived. In this episode, he shares his fascinating immigration story, as well as his ideas on where workers go next.

Hilda Torres Makes the Grade

This week on JobMakers, host Denzil Mohammed talks with Hilda Torres, an immigrant from Mexico who runs My Little Best Friends Early Learning Center in Malden, Massachusetts. One of the most successful businesses in the city, the center enrolls over 100 students whose parents come from more than 25 different countries. In this episode, Hilda shares how she used the tools of education, and her own grit and determination, to make her mark in the land of opportunity.

Hong Tran Goes from Refugee to Realtor

This week on JobMakers, host Denzil Mohammed talks with Hong Tran, a Worcester, Massachusetts-based realtor and small business owner who emigrated to America as an orphaned refugee from Vietnam.

Sandro Catanzaro Takes His American Dream to Mars and Back

This week on JobMakers, host Denzil Mohammed talks with Sandro Catanzaro, who started several businesses in his native Peru but had no idea he’d end up helping NASA go to Mars, or that he’d use that same technology to plan and buy video ad campaigns. Now Head of Publisher Services Strategy for Roku, which acquired the company he founded, dataxu, in 2019, Mr. Catanzaro is an emblem of ingenuity and inventiveness. His demand-side platform, device graph technology and analytics platform help accelerate Roku’s ad tech roadmap and ability to serve a wide array of advertisers. But he’s not done yet!

Christina Qi Goes From Welfare to Wall Street 

This week on JobMakers, Host Denzil Mohammed talks with Christina (Chi) Qi, who started a hedge fund at just 22. They discuss her background and journey, moving with her family from China to Utah, being on welfare, and then attending MIT. She went on to co-found Domeyard, a quantitative trading firm, in 2013, among the longest running high-frequency trading hedge funds in the world, and was trading up to $7 billion dollars a day. In 2019, she founded Databento, an on-demand data platform for asset managers and quantitative analysts. They discuss how being an immigrant, Asian, and a woman in the cutthroat, male-dominated world of Wall Street didn’t deter her from success.