Daniel Mackle is an experienced investor and accomplished entrepreneur with a passion for creating investment opportunities. In 2018, he founded Silver Edge Financial, based in Hackensack, New Jersey, with the goal of starting a Pre-IPO Fund for investing. The company successfully ran two funds: the Silver Edge Pre-IPO Fund and the Silver Edge Venture Fund, providing access to private companies before they went public. Through these funds, Daniel facilitated investments in notable companies such as Palantir Technologies, Airbnb, and SOFI Technology.
With a career spanning over four decades in the financial industry, Daniel has held various positions on Wall Street and has founded his own firms. He has demonstrated his financial expertise by investing in companies like Uber, Lyft, and Pinterest prior to their public trading.
More recently, Daniel has been focused on a new venture aimed at helping individuals consolidate their credit card debt. He was inspired to address this issue after witnessing the financial challenges faced by Americans during the COVID-19 pandemic lockdowns of 2020-2021. Daniel is enthusiastic about assisting those struggling with credit card debt and is determined to make a positive impact.
Outside of his professional pursuits, Daniel enjoys practicing martial arts, fishing, and embarking on country-wide travels with his cherished wife and five children.
How did you get started in this business?
I got started in this business over four decades ago. Since 1982, I have been working on Wall Street, holding various positions at prestigious companies and starting my own firms. In 2018, I founded Silver Edge Financial with the goal of creating a Pre-IPO Fund for investing. Through this venture, I provided access to private companies before they went public, giving investors the opportunity to get in early. My experience and expertise in the financial industry allowed me to make strategic investments in companies like Uber, Lyft, and Pinterest before they became publicly traded.
How do you make money?
I make money through my investments and the services provided by Silver Edge Financial. Through the Pre-IPO Fund and the Venture Fund, we offer investment opportunities to high-net-worth individuals and institutions. We invest in private companies before they go public, aiming to generate significant returns when these companies experience major financial events. Additionally, I have made strategic investments in companies like Palantir Technologies, Airbnb, and SOFI Technology. These investments, along with my experience and expertise in the financial industry, contribute to generating profits for both myself and Silver Edge Financial.
How long did it take for you to become profitable?
It took some time for me to become profitable in this business. Building a successful financial career and establishing my own company, Silver Edge Financial, required patience and perseverance. It took several years of hard work, dedication, and strategic investments to start generating consistent profits. However, with my experience, expertise, and the growth of the company, we were able to achieve profitability and establish a strong financial foundation. It’s important to remember that success in the financial industry is a journey that requires continuous learning, adaptation, and a long-term perspective.
When you were starting out, was there ever a time you doubted it would work? If so, how did you handle that?
When I was starting out, there were definitely moments when I doubted whether it would work. The financial industry can be challenging, and building a successful business requires perseverance. During those times of doubt, I relied on my determination and belief in my abilities. I surrounded myself with a strong support system of mentors and colleagues who encouraged and motivated me. I also focused on constantly educating myself, staying updated on industry trends, and refining my strategies. By staying committed to my goals, pushing through adversity, and learning from setbacks, I was able to overcome doubt and build a thriving business.
How did you get your first customer?
Getting my first customer was an exciting milestone in my journey. I relied on networking and building relationships within the finance industry. Through my connections and reputation, word-of-mouth spread, and eventually, I received a referral from a trusted colleague. This initial customer was intrigued by the investment opportunities I offered and saw the value in partnering with Silver Edge Financial. Building that first customer relationship was crucial, as it opened doors to more clients and allowed me to establish a track record of success in the industry.
What is one marketing strategy (other than referrals) that you’re using that works really well to generate new business?
One marketing strategy that has been highly effective in generating new business for us is hosting informative and engaging webinars. We organize webinars focused on financial education, investment strategies, and market insights. By providing valuable content and actionable advice, we attract individuals who are interested in growing their wealth and expanding their financial knowledge. Through these webinars, we establish ourselves as industry experts and build trust with potential clients. The interactive nature of webinars allows us to engage with participants, answer their questions, and showcase the value we bring. This strategy has proven successful in converting webinar attendees into new clients for Silver Edge Financial.
What is the toughest decision you’ve had to make in the last few months?
The toughest decision I’ve had to make in the last few months was to restructure Silver Edge Financial. It was a difficult choice as it required evaluating the current market conditions and the company’s performance. I had to make tough calls to streamline operations, reduce costs, and reallocate resources to ensure long-term sustainability. While it was a challenging process, I firmly believe that these strategic changes will position us for success and allow us to adapt to the evolving financial landscape.
What do you think it is that makes you successful?
I believe that one key factor that has contributed to my success is my unwavering perseverance. Throughout my career, I have encountered numerous challenges and setbacks, but I have always remained determined to overcome them. This unwavering commitment and resilience have allowed me to push through obstacles, adapt to changing market conditions, and continue to strive for excellence. It is the ability to persist in the face of adversity that has played a significant role in my achievements in the financial industry.
What has been your most satisfying moment in business?
One of the most satisfying moments in my business career was when I witnessed the positive impact of my investments on clients’ lives. It’s incredibly fulfilling to see individuals achieve their financial goals, secure their future, and realize their dreams through the opportunities provided by Silver Edge Financial. Knowing that I have played a role in their success and financial well-being brings me immense satisfaction. Additionally, receiving heartfelt appreciation from clients and seeing the trust they place in me and my company is truly rewarding. These moments reaffirm my passion for what I do and motivate me to continue making a positive difference in people’s lives.
What does the future hold for your business? What are you most excited about?
The future of my business, Silver Edge Financial, holds exciting opportunities and growth potential. I am particularly thrilled about leveraging emerging technologies and data analytics to enhance our investment strategies and provide even better results for our clients. We are actively exploring innovative investment avenues, such as blockchain and cryptocurrency, to stay ahead of the curve. Additionally, I am looking forward to expanding our client base and reaching new markets, both domestically and internationally. As we continue to adapt to evolving market trends and investor needs, I am confident that Silver Edge Financial will remain at the forefront of the industry, delivering exceptional value and helping clients achieve their financial goals.
What business books have inspired you?
One business book that has inspired me is “Thinking, Fast and Slow” by Daniel Kahneman. It explores the different thought processes and biases that influence decision-making. This book helped me develop a deeper understanding of human behavior and the psychological factors that impact business decisions. It has shaped my approach to risk assessment and strategic planning, allowing me to make more informed and rational choices in the financial industry.
What advice would you give to your younger self?
If I could give advice to my younger self, it would be to embrace failure and take more risks. In the early stages of my career, I was often hesitant to step outside my comfort zone. Looking back, I realize that some of my greatest opportunities for growth and success came from taking calculated risks. I would tell my younger self to have confidence in my abilities and not be afraid of making mistakes. Failure is a natural part of the learning process and can provide valuable lessons. I would also emphasize the importance of networking and building strong relationships in the industry. Connecting with mentors and experienced professionals can provide guidance, open doors, and accelerate personal and professional growth.
Are you willing to be a mentor? If so, how should someone contact you?
Yes, I am willing to be a mentor. If someone is interested in connecting with me for mentorship, they should connect with me on LinkedIn. I am always open to sharing my knowledge and experiences to help others in their professional and personal growth journey.