Today we’d like to introduce you to Jackson Denke.
So, before we jump into specific questions about the business, why don’t you give us some details about you and your story.
Beginning in my Sophomore year, I was graciously handed the opportunity to intern for investment management firm Neuberger Berman. During my time there, I became deeply enamored by Wall Street and that whole world of investing. I spent time visiting brokerages, other firms, investment management funds, and met some of the best and brightest people in the industry who went out of there way to spend time showing me their day-to-day’s. Apparently, I was also the “youngest” intern who had ever walked into Neuberger Berman. From that point on, the world of Wall Street was my number one interest and is what I continue to spend most of my time learning about. About three months after that internship at Neuberger Berman, I began Denke Private Equity, a small, student-run investment management fund that managed in the low six digits from several friends and family and still stands strong today.
I began Denke Private Equity (or DPE, as I’ve abbreviated it) at 16 — making me one of, if not, the youngest fund manager in the country. Despite not being an accredited fund, I have still managed to handle trusted friends and families’ money. In addition, In addition, I started a financial literacy course (which I once dubbed “Denke Foundation,” but since decided was not a fully-fledged “foundation”) to teach students across Los Angeles about finance and the importance of financial literacy, which came to me after a foreign exchange student whom I met overseas on a cultural exchange trip between Jiaxiang Foreign Language school and my own school in early 2019. Barry (Siwei Fan) was interested in stocks and the whole world of Wall Street and we had just been lucky enough to get paired together.
Due to the heavy restrictions on the internet in China, his access to resources pertaining to the subject was extremely limited and he had a very difficult time even finding basic information — that’s where I stepped in. I began a financial literacy course that covered everything from bonds to bankruptcy and seeded various financial movies that I thought he would be interested in watching throughout every few sections. This program has since grown and now teaches several students that Barry introduced to the course along with underprivileged students in Los Angeles through an organization called “New Directions for Youth”. My old Hebrew teacher, Ms. Patti Jo Wolfson, had been working closely with the organization (New Directions for Youth) for over a decade and I saw the chance to reunite with an old friend and introduce an extremely important subject that the US public school system has failed to recognize to the people that needed it most.
We’re always bombarded by how great it is to pursue your passion, etc – but we’ve spoken with enough people to know that it’s not always easy. Overall, would you say things have been easy for you?
Starting Denke Private Equity was most definitely not a smooth road because I had to focus on so many other details as a high school student. In addition, I was trying to continue work on a separate business which I began to rebrand (NetworkX Solutions) — the business was a subscription-based online educational service for young entrepreneurs. Today, however, that business turned into a group dedicated to teaching people of all ages how to invest. “AnalyticaX,” as I’ve branded it. However, what makes AnalyticaX so interesting is that it covers forms of investing that aren’t normally considered and are thought of as more “unorthodox.” Examples of this include baseball playing cards, pieces of rare art, rare comic books and collectibles, and much more. Having sold a 10% stake for $5,250 (suggesting a valuation of $52,500) and offering “beta” services to nearly 2,000 people, AnalyticaX still stands in its infancy and I believe that with enough pushing I can turn the business into quality service for teaching about investing. Simply starting a business is not very simple, it sounds much easier on paper than execution. While still going through school, I had gone several months without solid cash flow and even today I still have issues regarding cash flow as most money I make goes right back into the business I’m working on. Again, being 17, I still have the luxury of relying on parents for taking care of me and so far they have done a fantastic job. In addition, I began work as a COO and CFO of two jointed companies (Sabre in 9th grade and Omni this year) that also serve as an educational service for young entrepreneurs and offer intermediary proxy services to customers. Sabre and Omni, as they’re currently known. (Earlier this year Sabre had a different name but since rebranded to increase sales and give the company a fresh start)
So, as you know, we’re impressed with Denke Private Equity – tell our readers more, for example what you’re most proud of and what sets you apart from others.
To be honest, Denke Private Equity is nothing special. I use very conservative and relaxed trading strategies and I do not go all out with risky trading strategies. The only thing that makes my investment management fund stand out above others is that it’s run by a 17-year-old. Ironically, the fund had actually outperformed the market quite a bit up until last month when the markets turned downward and I failed to cut all risk in a timely manner because I had underestimated the severity of the virus. I go into much deeper detail on my websites about Denke Private Equity and AnalyticaX here: https://dpe.llc, https:/
So, what’s next? Any big plans?
Many people believe that I won’t go to college, or that I’ll stay home working on these trivial businesses, but that is entirely incorrect. I plan on moving to college and, hopefully, finding a warm community to call home with students of all different types of backgrounds, ideologies, and views on the world so that I can get a broader perspective of everything around me. I love learning. I think the best chances to network and meet amazing people sit only a year away and I’ve never been more excited for the future. I do not know if I will continue into Wall Street for my first few jobs or internships (though I am now leaning more toward computer science and tech-based stuff), and honestly don’t know where I will end up after college. One thing I can guarantee, however, is that I will never quit trying to get whatever goal I have set out for myself.