67.2 F
San Diego
Tuesday, Jul 16, 2024
-Advertisement-

Executive Profile , Dan Feder

Dan Feder knew he wanted to be a business owner long before he became one.

When Feder and one of his fraternity brothers, Dave Gilbert, graduated business school together in 1998, they began discussing options.

“We used to talk about what business we could get into where we could outwork everyone else. Dave happened to work a short stint for a leasing company, so the idea started there,” said Feder.

Feder and Gilbert founded Five Point Capital, an equipment leasing and lease financing company, in 1999.

Their first rented office space was 10 square feet by 12 square feet, and they had a $3 a day lunch budget, with no salary for three months.

They hired Five Point’s first salesperson the day before the Sept. 11, 2001, terrorist attacks.

“We had to work extra hard and think towards the future. It paid off, and now we employ about 200 people,” said Feder.


RESUME

Name: Dan Feder.

Company: Five Point Capital.

Title: Co-chief executive officer.

Education: Bachelor of Science degree from the University of Southern California’s Marshall School of Business.

Birthplace: Copenhagen, Denmark.

Age: 33.

Current residence: La Jolla.

Family: Not yet.


BUSINESS PHILOSOPHY

Essential business philosophy: KISS (Keep it Simple Stupid).

Best way to keep a competitive edge: Compete with yourself every day to make sure you are giving it your best.

Guiding principles: Everyone must win; customer, employee, supplier and company.

Yardsticks of success: Making Inc. 500’s list of fastest-growing companies two years in a row.

Goals yet to be achieved: Expand business into various channels, and be nationally focused on the small-business customer.


JUDGMENT CALLS

Best business decision: Moving to San Diego.

Worst business decision: Not investing in infrastructure earlier.

Toughest business decision: To grow business from a small company to a medium-sized company.

Mentor: Mother.

Word that describes you: Intense.


TRUE CONFESSIONS

What you like best about your job: The rush!

What you like least about your job: The occasional politics.

Pet peeves: People who are not accountable for their decisions or recommendations.

Most important lesson learned: Trust my gut every time.

Person most interested in meeting: Jack Welch, former General Electric Co. CEO.

Three greatest passions: Business, USC football and traveling abroad.

First choice for a new career: I would not change anything.


PREDILECTIONS

Favorite quote: “If you can’t take the heat, get out of the kitchen.”

Most influential book: “Good to Great,” by Jim Collins.

Favorite restaurant: Japengo’s.

Favorite place for business meetings: Jake’s Del Mar.

Favorite vacation spot: Tel Aviv, Israel.

Favorite way to spend time: With family and friends.

-Advertisement-

Featured Articles

-Advertisement-
-Advertisement-

Related Articles

-Advertisement-
-Advertisement-
-Advertisement-