Eric Lefkofsky
American entrepreneur, billionaire, and philanthropist
Eric Lefkofsky
Eric Paul Lefkofsky is a U.S. -born entrepreneur. He is co-founder of LightBank; founder & director of InnerWorkings, Inc. , Echo Global Logistics, Inc. , Mediaocean and Groupon, Inc. In March 2011, Forbes named him one of 2011's new billionaires.
Biography
Eric Lefkofsky's personal information overview.
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News
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Groupon co-founder's cancer-fighting startup Tempus partners with Mayo Clinic
Chicago Times - about 2 months
Tempus, the genomics startup led by Groupon co-founder Eric Lefkofsky ⇒, has partnered with Mayo Clinic to help doctors use data to treat cancer patients — the latest in a series of partnerships with high-profile health care organizations around the country. The Chicago company, which has drawn...
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Chicago Times article
Groupon replaces Lefkofsky as CEO; stock takes a dive
Chicago Times - over 1 year
Groupon has replaced co-founder Eric Lefkofsky ⇒ as CEO, putting chief operating officer Rich Williams in the top spot as the company battles  fundamental challenges and a steadily falling stock price. The stock dropped more than 25 percent after hours, falling to $3 from $4.03 when trading halted...
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Chicago Times article
Groupon replaces Lefkofsky as CEO; stock takes a dive
Chicago Times - over 1 year
Groupon has replaced co-founder Eric Lefkofsky ⇒ as CEO, putting chief operating officer Rich Williams in the top spot as the company battles  fundamental challenges and a steadily falling stock price. The stock dropped more than 25 percent after hours, falling to $3 from $4.03 when trading halted...
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Chicago Times article
Groupon's Eric Lefkofsky selling longtime Glencoe estate, privately
Chicago Times - over 1 year
Billionaire entrepreneur and Groupon co-founder and CEO Eric Lefkofsky, who last year set a Chicago-area home purchase price record when he paid $19.5 million in cash for a vintage mansion on 4 acres on Lake Michigan in Glencoe, has placed his longtime estate in Glencoe up for sale through a pocket...
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Chicago Times article
Groupon co-founder pays $19.5 million for Glencoe mansion
Chicago Times - about 2 years
Billionaire entrepreneur and Groupon cofounder and CEO Eric Lefkofsky has paid $19.5 million in cash for a vintage, 15,800-square-foot mansion on 4-acres on Lake Michigan in Glencoe, the highest-price home purchase in the Chicago-area.
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Chicago Times article
Chicago Transforms From Second City to Startup City
Huffington Post - over 3 years
It is hopeless for the occasional visitor to try to keep up with Chicago -- she outgrows his prophecies faster than he can make them. She is always a novelty; for she is never the Chicago you saw when you passed through the last time. -- Mark Twain "Life On The Mississippi," 1883 Chicago, as Mark Twain observed in 1883, is a city that's always changing. Throughout its history, the city has been known as a retail hub (it was the home of Montgomery Ward, Sears, and Marshall Field's); an agriculture and food nucleus (Armour and Company was founded in Chicago in 1867, and Kraft Foods and McDonald's are headquartered in the Chicago suburbs) and, more recently, an airline manufacturing center, luring away Boeing's headquarters from Seattle in 2001. The city is also home to medical sector giants including Blue Cross Blue Shield, Baxter International, and Abbott Laboratories. In fact, no single industry generates more than 13 percent of the city's employment. "Unlike New York, and its ...
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Huffington Post article
Groupon Sales Trail Estimates as Lefkofsky Revamps - Bloomberg
Google News - over 3 years
The Australian Financial Review Groupon Sales Trail Estimates as Lefkofsky Revamps Bloomberg (Corrects to remove reference to consumer purchases in first paragraph.) Groupon Inc. (GRPN) reported third-quarter revenue that trailed analysts' estimates, in the first full period under Chief Executive Officer Eric Lefkofsky. Sales rose 4.7 percent to $595.1 ... LivingSocial agrees to sell South Korea-based Ticket Monster business to rival ...Washington Post Groupon profit beats estimates on North American growthReuters Groupon Reports Wider Loss, Deal for E-Commerce FirmWall Street Journal MarketWatch all 49 news articles »
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Google News article
Groupon Pins Turnaround on Billionaire Investor Lefkofsky - Bloomberg
Google News - over 3 years
Bloomberg Groupon Pins Turnaround on Billionaire Investor Lefkofsky Bloomberg Sally Ryan/The New York Times via Redux. Groupon's shares rose as much as 19 percent in extended trading yesterday, following the announcement of Eric Lefkofsky as CEO together with the report of a 7.1 percent rise in second-quarter sales and a ... Lefkofsky to the Rescue as Groupon SoarsTheStreet.com Groupon Names Eric Lefkofsky CEO, Shares Rise On Q2 EarningsForbes Groupon Names a New Chief and Logs a Loss of $7.6 MillionNew York Times Reuters -Los Angeles Times -Wall Street Journal all 151 news articles »
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Google News article
New CEO Eric Lefkofsky has big ambitions for Groupon
LATimes - over 3 years
Lefkofsky says he wants Groupon to become the first place shoppers turn to when they 'want to buy anything, anywhere, any time.' Eric Lefkofsky says he intends to be the chief executive of Groupon Inc. for "a few years."     
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LATimes article
Timeline
Learn about memorable moments in the evolution of Eric Lefkofsky
    FORTIES
  • 2015
    Age 45
    In November 2015, Lefkofsky stepped down as CEO of Groupon, resuming his role as Chairman.
    More Details Hide Details In 2006, Eric Lefkofsky and his wife, Elizabeth, formed a charitable trust, the Lefkofsky Foundation, for the "purpose of supporting charitable, scientific, and educational organizations and causes around the world". The foundation has a focus on children. The foundation has helped fund more than 50 organizations to date. In 2013, Lefkofsky and his wife joined The Giving Pledge. Lefkofsky is on the board of directors at Children's Memorial Hospital in Chicago, the board of directors of The Art Institute of Chicago, the board of directors of The Museum of Science and Industry, and a Trustee of Steppenwolf Theatre Company, a Chicago-based performing arts institution. He is a board member of World Business Chicago, and serves as co-chairman of its Technology Council. In May 2008, Lefkofsky joined the committee to bring the 2016 Summer Olympics to Chicago, Chicago 2016.
  • 2014
    Age 44
    In July 2014, Lefkofsky co-founded Uptake, LLC, an analytics company.
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  • 2013
    Age 43
    In August 2013, Lefkofsky became CEO of Groupon.
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  • THIRTIES
  • 2007
    Age 37
    In January 2007, Lefkofsky co-founded and provided $1,000,000 in funding for ThePoint.com, an online collective action website started by Andrew Mason.
    More Details Hide Details New Enterprise Associates led an early stage investment round in ThePoint. In late 2008, The Point changed its name to Groupon.com. In October 2009, Groupon raised $30 million from Accel Partners and New Enterprise Associates. In April 2010, Digital Sky Technology and Battery Ventures invested $135 million in Groupon at a valuation of $1.35 billion. In August 2010, Forbes reported that Groupon is the fastest growing company in history. In February 2010, Lefkokfsky and Keywell announced a new venture firm called Lightbank that plans to develop new companies in the Chicago area. In December 2010, Google offered a reported $6 billion for Groupon. The offer was turned down, possibly due to anti-trust and regulatory scrutiny the deal might face. In October 2011, Groupon raised $950 million in private funding in January and then paid $810 million to employees and investors. Mr. Lefkofsky and family were paid $398 million of these funds.
  • 2006
    Age 36
    In June 2006, Lefkofsky and Keywell founded MediaBank, a media-buying technology company.
    More Details Hide Details MediaBank provides advertising buyers with planning, buying, accounting and analysis software. In June 2007, MediaBank acquired Datatech, one of the leading media planning and procurement platforms in the advertising industry. In July 2007, New Enterprise Associates invested in MediaBank. In February 2012, the US Department of Justice approved a merger between MediaBank and Donovan Data Systems to create a single company, Mediaocean, in a deal estimated at $1.5 billion.
  • 2005
    Age 35
    In February 2005, Lefkofsky and Keywell created a freight logistics company called Echo Global Logistics.
    More Details Hide Details Echo attracted series D financing from New Enterprise Associates (NEA), one of the largest technology investors in the country, in June 2006. Echo Global Logistics went public on the NASDAQ under the symbol 'ECHO' and is now successfully being traded.
  • 2001
    Age 31
    After Starbelly, Lefkofsky, co-founded InnerWorkings in the fall of 2001.
    More Details Hide Details InnerWorkings provided print procurement services for mid-sized companies and achieved solid year-over-year growth. In August 2006, InnerWorkings had a successful initial public offering in the U.S. stock market (Nasdaq: INWK). Lefkofsky was on the board of directors of InnerWorkings until October 2012.
  • TWENTIES
  • 1999
    Age 29
    In 1999, Lefkofsky and Keywell created an early Internet company called Starbelly that specialized in promotional products.
    More Details Hide Details Starbelly experienced rapid "pre-bubble" Internet growth and was sold to Halo Industries in January 2000. Lefkofsky joined Halo to become chief operating officer. A little more than a year later, the company went bankrupt. Halo and Starbelly faced multiple lawsuits from shareholders, all of which were resolved by 2004.
  • 1993
    Age 23
    Lefkofsky began his career selling carpet at the University of Michigan. After law school, in 1993, he and a college friend, Brad Keywell, borrowed money from relatives to buy an apparel company in Madison, Wisconsin named Brandon Apparel.
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    He continued on at University of Michigan Law School to receive his Juris Doctor in 1993.
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  • TEENAGE
  • 1987
    Age 17
    After graduating from Southfield-Lathrup High School in 1987, Lefkofsky attended the University of Michigan and graduated with honors in 1991.
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  • CHILDHOOD
  • 1969
    Born
    Born on September 2, 1969.
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