Eric Lefkofsky Continues to Create Successful New Ventures

Eric Lefkofsky is the CEO and co-founder of Tempus, a state-of-the-art lab that is working to bring data science and technology together to help improve the treatment results of cancer patients. They want to redefine how genomic information is used in treatment protocols. Eric is a successful entrepreneur, having in addition to Tempus, co-founded Echo Global Logistics, Innerworkings, Mediaocean and Uptake. In addition to these companies he was a co-founder and is the Chairman of Groupon.

 

Lefkofsky was born and grew up in Southfield, Michigan. His father was a engineer and his mother was a school teacher. After finishing high school, Lefkofsky went to the University of Michigan and earned his Bachelor’s Degree and his Juris Doctorate. After law school, he teamed up with his college buddy, Brad Keywell, and with borrowed money, bought Brandon Apparel store in Madison, Wisconsin.

 

Eric and Brad built Starbelly, an early Internet company. It was later sold to Halo Industries. It was hit by the “tech bubble” downturn. Next the two entrepreneurs started InnerWorkings in 2001. They provided print procurement solutions to mid=sized companies. In 2006, the company went public. Eric Lefkofsky was on the Board of Directors of the company through 2012.

 

Based on chicagobusiness.com, Echo Global was the next company the partners started in 2005. It is a freight logistics company. In 2006, Echo Global went public and is successfully trading on the NASDAQ. In 2006, Lefkofsky and Keywell started MediaBank. The company was involved with media-buying technology. In 2007, MediaBank, bought Datatech, a leading media planning platform. In 2012, the U.S. Dept. of Justice approved the merger of MediaBank and Donovan Data Systems. The combined entities formed Mediaocean, worth an estimated $1.5 billion. Check on this.

 

The next venture was in 2007, when Lefkofsky co-founded ThePoint.com. It was a collective action website. The site had been started by Andrew Mason. Other investors got involved with the company, and in late 2008, the name was changed to Groupon. Groupon was able to attract huge amounts of money from investors and today is a successful online company. In 2010 Google tried to buy Groupon for $6 billion. The deal was turned down. In November of 2011, Groupon’s IPO raised $700 million. Tempus was started in 2016.

View related site: http://lefkofskyfoundation.com/about-eric-lefkofsky/

Eric and his wife Elizabeth, started a charitable family trust, the Lefkofsky Foundation, to support their philanthropic activities, educational organizations and other causes around the world. They have helped fund 50 organizations.

 

View Eric’s linkedin.com.

Leave a Reply

Your email address will not be published. Required fields are marked *