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Zac Prince
CEO at BlockFi - Wealth Management for Crypto Investors
Zac Prince is a seasoned entrepreneur and executive who founded BlockFi, a cryptocurrency financial services company, in 2017.12 He served as the CEO of BlockFi until early 2024.4 Prince has a diverse background in technology and finance, with experience in adtech, online lending, and cryptocurrency.3
Career Highlights
- Founded BlockFi in 2017, growing it to a $3 billion valuation with over $500 million in annual revenue6
- Led BlockFi as CEO from 2017 to 202414
- Worked in business development roles at companies like Katapult, Orchard Platform, and Sociomantic Labs1
- Involved in successful acquisitions, including Admeld (acquired by Google) and Sociomantic (acquired by DunnHumby)3
Recent Developments
As of March 2024, Zac Prince has left the cryptocurrency industry to join RE Cost Seg, a real estate technology startup, as CEO.4 This move comes after BlockFi filed for bankruptcy in November 2022 following the collapse of FTX.5
Education
Prince graduated Cum Laude from Texas State University with a Bachelor of Arts in International Business and a minor in Spanish.36
Personal
Zac Prince has three children and enjoys playing racket sports.6
Highlights
Excited to announce that I’ve joined the team at RE Cost Seg as CEO!
RE Cost Seg provides cost segregation studies to real estate investors. Cost segregation studies enable real estate investors to take advantage of tax benefits by accelerating depreciation.
When you hear about real estate investors generating cash but not owing taxes on it, this is one of the key tools in that toolbox!
A few things that attracted me to join the company:
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The value proposition for RE Cost Seg is to save money on taxes, and everybody likes that!
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RE Cost Seg is using technology and strategic offshoring to deliver cost segregation studies better / faster / cheaper vs the traditional competition Because of lower price points and streamlined processes, RE Cost Seg is making this valuable tax saving tool available to a much broader group of real estate investors. Previously it was generally limited to larger, commercial properties. We service Institutional clients at RE Cost Seg but also do a lot of work for single family and short term rentals owners who were typically not aware of or priced out of this opportunity
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The team is phenomenal and has experienced significant growth in the <2 years since starting, I’m really excited to work with Melanie Baldridge, Nick Huber and Mitchell Baldridge, CPA, CFP®
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I’ve always liked real estate investing and the asset class in general, I think it can be really valuable for stability, cash flow and tax benefits
I’ll be sharing more info about RE Cost Seg, the tax benefits of cost segregation studies and who they apply to, and real estate investing generally!
Don’t hesitate to reach out to me or to request a free proposal on our website if you own an investment property and are curious to learn more.
It feels like only yesterday when Flori Marquez applied on AngelList to be my cofounder for a crypto company. Since then, we’ve built a company that has experienced exponential growth and weathered some of the most volatile times in crypto history. Through it all, we have kept our promise to ourselves and to our clients - protecting and preserving client funds.
Over the years, Flori and I have had to make some of the toughest and albeit consequential decisions of our lives. We are so grateful to all who have been and continue to be on this journey with us at BlockFi as we build the bridge between crypto and TradFi.
Hopefully this article will serve a roadmap to other current and aspiring entrepreneurs who are looking to build the next big thing. My unsolicited advice is to weigh the odds and make as many calculated bets as possible, but also don’t be afraid to swing for the fences every once in a while. Thanks to Bill Saporito at Inc. Magazine for sharing BlockFi’s story:
