The son of a doctor, Shulman was born in Los Angeles on October 2, 1966. He was also raised in Los Angeles. He is son of a Canadian father and an Israeli mother. He is both an American and Canadian citizen, though he rarely visits Canada. He is the youngest of four brothers, and is the third to enter the music business. His brother, Lyor Cohen, is a prominent figure in music. Daniel currently plays with the The Dan Band, although the "Dan" in the band's name predates his joining and is purely coincidental. He learned to play the guitar as a boy, and picked up the bass after that. Although he is left-handed, he plays right-handed, to mimic famous guitar players, who the majority of which are right-handed.