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Eric Lefkofsky:Serial Entrepreneur And Philanthropist

When it comes to starting businesses few people are as prolific as Eric Lefkofsky. The Southfield, Michigan native has co-founded almost a dozen businesses in a wide range of industries. While attending the University of Michigan Lefkofsky started his first company. He sold carpeting on campus. He started his second company, Madison, Wisconsin based Brandon Apparel, when he completed his Juris Doctor at the University of Michigan Law School in 1993. That was the first company he co-founded with his college friend Brad Keywell but it would not be the last.

 

In 1999 they started an early internet company called Starbelly. The company specialized in promotional products. When they sold the company to Halo Industries for a significant profit in 2000, they were hooked. Lefkofsky and Keywell then started print procurement services company InnerWorkings late in 2001. The company enjoyed solid growth and by 2006 it was being traded on the U.S. stock market. Lefkofsky and Keywell then co-founded Echo Global Logistics, a freight logistics company, in 2005. The company went public in 2006.

 

Lefkofsky and Keywell founded the media-buying technology company MediaBank. The company merged with Donavan Data Systems and created Mediaocean. The deal was worth about $1.5 billion. In 2007 Eric Lefkofsky founded his best known company with Andrew Mason. The company was initially called ThePoint.com but it was changed to Groupon.com in 2008 stated in tempus.com. By 2010 it was valued at $1.35 billion and Forbes magazine said Groupon.com was the world’s fastest growing company. Lefkofsky and Keywell got together again in February 2010 and created Lightbank, a venture capital firm formed to develop Chicago area companies. Try view this site: http://chicagoinno.streetwise.co/2016/07/22/eric-lefkofskys-next-move-curing-cancer-at-tempus/

 

But Lefkofsky wasn’t done yet. In 2014 Lefkofsky co-founded the analytics company Uptake, LLC. Next he co-founded Tempus. Tempus is a technology company that creates products which allow physicians to provide cancer patients with personalized care. He and his wife Elizabeth founded the Lefkofsky Foundation. The charitable trust supports educational, scientific and charitable causes and organizations worldwide. Lefkofsky also joined The Giving Pledge and is on the board of a number of Chicago institutions. He also teaches business at several Chicago area colleges. Read more: http://www.builtinchicago.org/2016/09/29/tech-roundup

 

See chicagobusiness.com for more details.

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