Nathan Rodland
About Nathan Rodland
Nathan Rodland (age 39) is nominated as a Class I independent director of Destiny Tech100 Inc. (DXYZ) to serve until the 2026 annual meeting; he is currently Chief Operating Officer at Endurance Energy Equipment Integration Co., Ltd., with prior operating and venture roles at Aetherflux Inc., Elefund LLC, and Robinhood Markets, Inc. . He previously served as COO at Chronos Research and holds a Bachelor’s degree in Economics, Business, and Computer Science from Whitworth College, highlighting deep operating and finance experience relevant to board oversight . The Board’s disclosure indicates he is independent of the Company, the Adviser, and Destiny XYZ Inc. and is expected to serve on all three standing committees after the Annual Meeting .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Endurance Energy Equipment Integration Co., Ltd. | Chief Operating Officer | 2025–present | Operations leadership in energy solutions |
| Aetherflux Inc. | Founding Chief Operating Officer | 2024–2025 | Founding operator in energy solutions |
| Elefund LLC | General Partner | 2018–2025 | Venture capital investing, firm leadership |
| Robinhood Markets, Inc. | Co-Founder and Chief Operating Officer | Not disclosed | Early-stage fintech scaling, operations |
| Chronos Research (Wall Street) | Chief Operating Officer | Not disclosed | Market structure/operations experience |
External Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| None disclosed | — | — | No other public company directorships disclosed |
Board Governance
- Classification and independence: DXYZ maintains a classified board; Rodland is nominated as a Class I director and determined independent under NYSE/Exchange Act/1940 Act standards .
- Leadership structure: The Chairman is CEO Sohail Prasad (an “interested person” given control of the Adviser); no lead independent director, with the Audit Chair (Lisa Nelson) currently acting as liaison among independents and management .
- Meeting cadence and attendance: The Board met 8 times in 2024, and incumbent directors attended all Board and committee meetings; Rodland’s attendance history is not applicable yet (nominee) .
- Committee assignments (post-Annual Meeting): Rodland will serve on Audit, Nominating & Corporate Governance, and Compensation committees; Audit Chair: Charles Jacobson; Nominating Chair: Travis Mason; Compensation Chair: Lee Daley .
Committee Assignments (Effective After Annual Meeting)
| Committee | Membership | Chair |
|---|---|---|
| Audit | Charles Jacobson; Travis Mason; Lee Daley; Nathan Rodland; Marissa Chacko | Charles Jacobson |
| Nominating & Corporate Governance | Travis Mason; Lee Daley; Charles Jacobson; Nathan Rodland; Marissa Chacko | Travis Mason |
| Compensation | Lee Daley; Travis Mason; Charles Jacobson; Nathan Rodland; Marissa Chacko | Lee Daley |
Fixed Compensation
| Component | Amount/Terms | Period | Notes |
|---|---|---|---|
| Annual cash retainer (Independent Director) | $100,000 | Ongoing | Independent Directors receive annual fee; reimburse reasonable expenses |
| Committee chair fees | Not specifically quantified for Rodland (not a chair) | — | Committee chairs receive annual fees; Rodland not chair |
| Meeting fees | Not specifically quantified; reimbursement for committee meetings not concurrent with Board meetings | — | Policy references reimbursements; no per-meeting cash disclosed |
| Aggregate director compensation (2024) | Benchmark: Mason $100,000; Daley $100,000; Nelson $100,000 | FY 2024 | Indicates cash-only structure in 2024 |
Performance Compensation
| Instrument/Plan | Grant Details | Vesting/Performance Metrics | Status |
|---|---|---|---|
| Stock plan (RSUs/PSUs/Options) | None maintained for directors | None; no equity or non-equity incentive plan disclosed for directors | Not applicable |
| Performance metrics (e.g., TSR, EBITDA) | None disclosed for director pay | None disclosed | Not applicable |
Other Directorships & Interlocks
| Company | Role | Dates | Potential Interlock/Conflict |
|---|---|---|---|
| None disclosed | — | — | No public company boards disclosed; no interlocks identified |
Expertise & Qualifications
- Venture capital and finance operations: Elefund general partner; fintech founding/COO at Robinhood; market operations at Chronos Research .
- Energy solutions operating leadership: COO roles at Endurance Energy and Aetherflux; operational expertise applicable to audit and compensation oversight .
- Education: Bachelor’s in Economics, Business, Computer Science (Whitworth College) .
- Board rationale: Board cites independence and breadth of finance/operations experience, with expected service on Audit, Compensation, and Nominating & Governance committees .
Equity Ownership
| Holder | Shares Beneficially Owned | % of Outstanding | Dollar Range | Notes |
|---|---|---|---|---|
| Nathan Rodland | 0 | 0.00% (based on 14,427,988 shares outstanding) | None | No vested/unvested equity; no options disclosed |
| Shares outstanding (Record Date) | 14,427,988 | — | — | Basis for % calculation |
| Hedging/Pledging | Prohibited by insider trading policy | — | — | Applies to directors and officers |
Governance Assessment
- Strengths:
- Independent status and multi-committee membership enhance oversight breadth (Audit, Compensation, Nominating) .
- Clear committee governance charters; Audit Committee chaired by an “audit committee financial expert” (Jacobson) and meets independence requirements .
- Prohibitions on hedging/pledging support alignment and risk control .
- Concerns/RED FLAGS:
- No lead independent director; Board Chair is CEO and an “interested person,” consolidating control and potentially diluting independent oversight .
- Cash-only director pay and zero personal share ownership by Rodland (and several independents) reduce skin-in-the-game alignment, though hedging/pledging prohibitions mitigate some risks .
- Investment company structure may introduce material non-public information constraints through shared directorships at portfolio companies (general disclosure), creating potential trading restrictions; vigilance in conflicts management is needed .
Implication: Rodland’s independence and committee coverage are positives for board effectiveness. However, the absence of equity-based director compensation and lack of a lead independent director, alongside the CEO/Chair’s “interested person” status, are governance risk factors that investors should monitor, especially for alignment and oversight robustness .