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Derrick Fung, CEO of Drop, a venture capital backed millennial coalition loyalty program, is a Strategic Partner with Rosenzweig & Company. He is an entrepreneur, former investment banker and contributing writer for Forbes. Prior to Drop, Derrick was the founder and CEO of Tunezy, a music company based in New York City. Tunezy was acquired in 2013 by SFX Entertainment. In 2014, Derrick was listed on the prestigious Forbes Top 30 under 30 list.
During high school, Derrick created a site called QualitySheetMusic.com, which was the largest online sheet music community at the time. After the site gained notoriety, he sold the website to U.S. investors in 2005.
Derrick attended the University of Toronto where he was enrolled in the Bachelor of Business Administration (BBA) degree. He was selected to be the President of the Management and Economics Students’ Association (MESA) in 2008 and was subsequently voted as the Co-op Student of the Year in the same year. As part of the undergraduate program, he interned at Microsoft in Marketing, BNP Paribasin Equity Derivative Sales and on the trading floor of Merrill Lynch.
In January 2010, Derrick worked at the Clinton Foundation in New York City as an Intern in the Clinton Global Initiative. He was one of four Canadians chosen that term to assist with the foundation.
Upon graduation from the University of Toronto, he started working at CIBC World Markets on the trading floor where he traded Foreign Exchange. He was one of the youngest employees at the bank to be given P&L responsibilities. During his time at CIBC, Derrick concurrently started building Tunezy part-time. On Friday, April 22, 2011, one of his former bosses encouraged him to leave to work on Tunezy full-time and provided him with the initial capital to start the business.
In addition to being inducted into the 2014 Forbes Top 30 under 30, Derrick was named a Top 20 under 30 Entrepreneur by Profit, and was nominated for Ernst & Young Entrepreneur of the Year Award.