Eric Lefkofsky: The Ultimate Mogul of Serial Entrepreneurism

Eric Lefkofsky is a serial entrepreneur who was born and raised in Southfield, Michigan. Eric Lefkofsky’s entrepreneurial ventures started in 1993, and these ventures and the timelines are as follows:

In 1993- Brandon Apparel

  • In 1993- Brandon Apparel- an apparel company that he along with his college friend, Brad Keywell, borrowed funds from relatives to buy.

1n 1999- Starbelly

  • 1n 1999- Starbelly- an early Internet company that he and Keywell created. It specialized in promotional products. Due to it experiencing a quick, pre-bubble Internet growth, it was sold in January 2000 to Halo Industries where Lefkofsky will be the chief operating officer. Over a year later, the organization went bankrupt. Also, Starbelly and Halo were faced with several lawsuits from shareholders in which were all resolved by 2004.

In the fall of 2001- InnerWorkings

  • In the fall of 2001- InnerWorkings- he cofound this company that offered print procurement services for medium sized companies. It became so successful that it became an initial public offering within the US stock market in August 2006. Lefkofsky served on the company until October 2012.

In February 2005- Echo Global Logistics

  • In February 2005- Echo Global Logistics– this is a freight logistics company that was found along with Keywell. In June 2006, New Enterprise Associates (NEA) awarded series D financing to Echo. Also, Echo Global Logistics is now public.

In June 2006- MediaBank

  • In June 2006- MediaBank- found along with Keywell, this is a media buying technology firm. It provides advertising buyers with buying, planning, analysis, and accounting analysis software. New Enterprise Associates also invested in MediaBank in July 2007. Also, Mediaocean was formed when MediaBank and Donovan Data Systems merged upon being approved by the US Justice Department.

In January 2007- ThePoint.com

  • In January 2007- ThePoint.com- this is an online collective action site created by Andrew Mason. Lefkofsky cofound and gave $1,000,000 to fund this company. New Enterprise Associates gave an early stage investment round to this company, and their name changed to Groupon.com in late 2008. New Enterprise Associates and Accel Partners funded $30 million to Groupon in October 2009. $135 million was also invested in April 2010 by Battery Ventures and Digital Sky Technology at a valuation of $1.35 billion. Forbes also reported in August 2010 that Groupon is the history’s fastest growing company. It was reported that Google did offer $6 billion for Groupon, only to be refused possibly due to regulatory and anti-trust scrutiny the deal may face. Furthermore, Groupon’s IPO was the largest from a US web company in November 2011 since Google. At $20 per share, they raised $700 million. Lefkofsky became the CEO of Groupon in August 2013 until November 2015, but he resumed his role as Chairman.

In June 2007- Datatech

  • In June 2007- Datatech- MediaBank acquired Datatech in June 2007. Datatech is a leading media procurement and planning platform in the advertising field.

In February 2010- Lightbank

  • In February 2010- Lightbank- he and Keywell announced this new venture firm that planned on developing new companies in Chicago.

In July 2014- Uptake, LLC

  • In July 2014- Uptake, LLC- this is an analytics company that he cofound.

In 2016, Tempus

  • In 2016, Tempus- this is a technology company that he cofound and serves as its CEO. This technology company enables doctors to deliver personalized cancer care and more information click here.