Semyon Dukach is the Founding Partner of , a venture capital fund that backs immigrant entrepreneurs. He is also known as the former Managing Director of Techstars in Boston, a top angel investor, the former Chairman of SMTP , and a former professional blackjack player with the MIT Blackjack Team. 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
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 Cambridge, MA in 1993. 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.
Blackjack career
While attending MIT, Dukach was trained as a player on the MIT Blackjack team whose exploits were loosely depicted in the Hollywood movie21. Starting out with Strategic Investments 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.
Xconomy lists Dukach as a top Angel Investor in New England. According to his website, he has invested in over 100 startup 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. In 2014, Dukach assumed the role of Managing Director of Techstars in Boston. He ran the program for three years before leaving in 2017 to found , a venture capital fund for exceptional immigrant founders.
Venture Capital
Dukach co-founded in 2017 and currently serves as the Managing Partner. One Way Ventures is an early-stage venture capital fund that focuses on investing in startups with at least one immigrant founder on the team. The fund is based in Boston, Massachusetts, and is actively investing out of its first fund of $28.3 million. The firm focuses on tech-enabled startups in the Pre-seed to Series A stages, and has made investments in startups including Brex, , and .
Other ventures
He has also been involved in other notable ventures outside of his blackjack and angel investing career:
