Greeting Deal Box Family,
I want to start off by saying how honored I am to have been charged with the role of leading Deal Box into the future. Having the support of both our team and Board of Directors has been a critical piece of this leadership transition for me. I want all Deal Box stakeholders to know that I would not accept this role unless I had the unanimous support from the board and the entire company. I'd like to begin by formally thanking everyone who has guided me and the company –not a single moment of this support is lost on me and I have tremendous gratitude for this appointment.
For those of you who are not too familiar with me, please allow me to share a bit about myself. I grew up in a small coastal community of Southern California and was raised by two loving parents who have been happily married for nearly 40 years now. Academia and a strong sense of responsibility were ingrained in me from a young age as was social responsibility and environmentalism. I have carried these values with me each and every day of my life. I am a proud Eagle Scout as a result of these values and morals.
I attended The University of Colorado Boulder where I majored in Business with a dual concentration in Finance and Operations and a minor in Astrophysics and Planetary Sciences. At the age of 19, I began my professional financial career in derivatives trading where I was mentored by a legendary trader that traded in the gold ring on the floor of the NYMEX for over 25 years. By age 22 I was working for a New York based broker dealer educating financial advisors on how to construct the alternatives sleeves of investment portfolios. During my time at the broker dealer, I constructed hundreds of portfolios, conducted diligence on managers of managed futures strategies, private equity, REITs, and more across the world. I consider myself a market historian and the financial markets are my life's passion.
In 2013, my investment friends and I made our first foray into blockchain when we became one of the first investor's in Ripple's native cryptocurrency, XRP. After my stint at the broker dealer, I moved on to become the Director of Operations for a retail and institutional asset manager in Carlsbad, CA where we built our very own mutual and hedge funds that I helped develop the algorithms for, alongside the CIO and Portfolio Manager of the firm. Towards the end of 2017, I started growing concerned about the way portfolios were being constructed in the financial advisory and investment management community. I heard too often about how passive investing solved the asset allocation problem. I heard managers tout just how convinced they were that constructing portfolios this way was THE single source of truth. I won't name names, but when one of the world's largest asset managers requires training sessions on their products and has a strict code of conduct for the trading of their products, something doesn't feel right.
I set out to change this and share my experience and thesis with the world when Thomas Carter asked me to be the President of Deal Box in January of 2018. Since that time, I have made it my life's mission to educate investors not just about the risks of the way portfolios are managed today but, more importantly, the opportunities to do things differently.
This mandate has become the very foundation of Deal Box and why we do what we do. Change is coming, and it will permeate through every corner of the financial universe. It is my goal as CEO to ensure Deal Box is positioned to not only capitalize on this change, but do so morally and responsibly.
It is my resolute promise to the stakeholders of this wonderful company that I will carry the CEO role with humility, confidence, strength and an unrelenting focus on maintaining our culture and values as we grow. Perhaps one of the most important components of this transition is to inform everyone that although Thomas has resigned, his influence, creativity and unrelenting determination will remain. Thomas and I will continue to communicate on a daily basis about the future of the company and its operations.
Growth and structure have been the operative words we'vebeen focusing on internally in Q4 of 2020 as we worked through this restructuring with the ultimate goal of moving to operational elegance in 2021 and beyond. As of the time of writing, I have submitted the 2021 business plan, goals and strategies to the board and they have conferred on my submission. All of this work has led to tremendous confidence from our investor base and I am pleased to report we have received verbal confirmation on our next round of growth capital that will provide Deal Box with all the capital it needs for the next 18-24 months. Rest assured I will be a good custodian of this capital as I shepherd the company's execution of our objectives and growth plans.
At the risk of overwhelming my calendar, I want everyone reading this announcement to know that I will be taking a very personal and communicative approach to the CEO role. If you want to know more about Deal Box, its mission, its progress and its future, please do not hesitate to reach out to me directly. I will do my absolute best to be available for these types of inquiries and if I cannot be, our incredible team is here to support you unconditionally.
In closing, I will carry this torch with great prowess but, more importantly, work to ensure the long-term success of the business. I hope to earn the unwavering trust and support of all who know and come to know Deal Box. I want to end by thanking all of our partners and stakeholders for their continued support, trust and confidence in Deal Box!I look forward to 2021 and beyond and the opportunity to drive value for each and every one of you in all the right ways, for the right reasons.
Sincerely,
John Thomas Nance
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