44 David McDonough of Commonstock – Building the One Investing Platform to Rule Them All – Outlier Academy

David McDonough is Founder/CEO of Commonstock, a social platform that amplifies insights from top investors. In part one of this episode, David and Daniel discuss the future of social investing.
Last updated
September 22, 2021
5
Min Read
Before founding Commonstock, David McDonough spent six years in product strategy and ventures at Google.
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“The loudest voices in the room are seldom the best investors, the people sharing the best knowledge. Sometimes the people who are the quietest are sharing some of the most interesting insights.” – David McDonough

David McDonough (@DavidMcDoughnut) is Founder/CEO of Commonstock, a platform that securely connects to multiple brokerage accounts to give a social aspect to investments and empower everyday investors. He previously worked at Google in product strategy and ventures, and was an Investment Analyst at Greenspring Associates

To listen to David’s bonus interview and learn more about his habits and routines, click here.

For more, explore the transcript of this episode.


Chapters in Part 1 of this interview:

  • David’s background leading to Commonstock
  • Commonstock’s mission and setup
  • How Commonstock is serving modern investors
  • The future of social investing 
  • Making investing accessible to all
  • The NFT movement
  • Lessons for new entrepreneurs

Links from Part 1

Learn More About This Topic

NFTs, Explained

This light-hearted explainer from The Verge is a great place to start learning about NFTs.


How the blockchain is changing money and business 

This 19-minute TED talk with Don Tapscott gives a good intro to how the crypto-world is changing the world of investing.


The Eisenhower Matrix

In his bonus interview, David discusses how his team uses Todoist and the Eisenhower Matrix to prioritize tasks. Here’s a basic overview of how to implement this for your team.


The Common Stock Blog

Keep up with the latest investment trends with Commonstock’s weekly blog.


Impact Investing with Sir Ronald Cohen on Outlier Academy

David talks about how modern investors affect business by choosing to invest in companies that align with their own beliefs. Check out our interview with Sir Ronald Cohen, all about impact investing.

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