We published our 30 June 2022 Investment Letter Read more
Australia
Partner

Dan Krasnostein

Dan cut his teeth in strategy, first as a consultant and then at SEEK. He joined Square Peg in its infancy, launched and led the Israel team for six years, before moving back to Australia to invest in AI, marketplace, and consumer businesses.

Square Peg Icon

"Dan is a rare partner; one of those board members you enjoy brainstorming with, and ALWAYS feel is on your side. Through our strategic conversations, he's turning me into a better leader."

-  
Michael Carden
Elad Walach
James Bowe
Natali Tshuva
Michele Ferrario
Jack Zhang
George Peppou
Emma Weston
Get to know

Dan Krasnostein

We're one global team but we've got our own stories. Here's what makes us tick.

How did your last job equip you for this one?

"My last job was driving strategy at SEEK where I learnt a lot! Specifically, relevant for Square Peg was the importance of a great culture, and of travelling with carry-on luggage only – ask Paul next time you see him!"

How do you coach your founders?

"Much more through asking questions than giving answers. I want to be their partner, confidant, and sometimes psychologist, not their parent or their teacher. It's much more generic than specific; our founders are smarter than me and know much more about their industries than me, so I want to challenge their thinking and logic, push against their biases, and encourage them to be bold."

Is culture important?

"Is oxygen important? "

Where's the joy in your work?

"My primary job description is to find amazing people doing amazing things and try my best to help them be amazing. Where's not the joy?"

What don't people understand about Israel's tech sector?

"From the outside, probably a lot. But the thing that struck me the most from the moment I arrived was how incredibly collaborative the entire industry is. Everyone understands 1+1=3 and is prepared to work together, give their time generously, share their ideas, knowledge & contacts, all for the greater benefit of industry. This applies to entrepreneurs, investors, government, education, service providers - in a typically competitive environment, this is incredible to see."

What impresses you in the first meeting with a founder?

"Passion. Clarity. Intellect. Desire to solve a massive problem that is meaningful for the entrepreneurs. Just being good, fun, humble people."

What is similar between Square Peg and the founders you back?

"When we think about what's most important, we think 1. People. 2. People. 3. Daylight. 4. People"

What was your biggest failure?

"Saying no to a team and business I loved because the valuation was too high. Twice."

What's unusual about Square Peg?

"We call our weekly global team meetings ""MMMs"" (Monday Morning Meeting) despite them neither falling on a Monday nor a Morning. They are Meetings, so 1/3 isn't too bad."

Read my

Insights