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Redefining the technological and entrepreneurial landscapes, Eric Paul Lefkofsky, an American billionaire and serial entrepreneur, has made significant contributions to various sectors. Born into a Jewish family in Michigan, Lefkofsky's journey began with a University of Michigan Law School degree, leading to the co-founding of ventures like Groupon and Tempus. His business acumen took these companies public and brought innovative changes in advertising and logistics industries. Lefkofsky's philanthropic efforts through The Lefkofsky Family Foundation reflect his community commitment, alongside active participation in cultural and technological development in Chicago.
September 02, 1969 in Detroit, Michigan, U.S.
56 years
Groupon, Investments
Technology
United States
Glencoe, Illinois
Bachelor of Arts/Science, University of Michigan; Doctor of Jurisprudence, University of Michigan
Elizabeth Kramer
3
Eric Paul Lefkofsky, born on September 2, 1969, in Southfield, Michigan, comes from a Jewish family background. His father, Bill, was a structural engineer, while his mother, Sandy, was a school teacher. Lefkofsky attended Tamarack Camps as a youth and later worked there as a staff member. He graduated from Southfield-Lathrup High School in 1987 and went on to graduate with honors from the University of Michigan in 1991. He then received his Juris Doctor from the University of Michigan Law School in 1993.
Eric Lefkofsky: Family
Eric Lefkofsky is married to Elizabeth (née Kramer) since 1997, and together they have three children.
Eric Lefkofsky: Career Highlights
Lefkofsky's entrepreneurial journey began in 1993 when he co-founded Brandon Apparel, a clothing company, with his college friend Brad Keywell. In 1999, he created Starbelly, an Internet company specializing in promotional products. He sold Starbelly to Halo Industries in January 2000 and joined Halo as the chief operating officer. In the fall of 2001, he co-founded InnerWorkings, a print procurement services firm, which went public with an initial public offering in August 2006.
In February 2005, Lefkofsky co-founded Echo Global Logistics, a freight logistics company, which went public on the NASDAQ under the symbol 'ECHO' in June 2006. He also co-founded MediaBank, a technology provider for advertising buyers, in June 2006. MediaBank acquired Datatech, a media planning and procurement platform, in June 2007, and received investment from New Enterprise Associates in July 2007. In 2012, MediaBank merged with Donovan Data Systems to form Mediaocean, valued at $1.5 billion.
Lefkofsky played a crucial role in the success of Groupon. He provided $1 million in funding for ThePoint.com (later Groupon.com) in January 2007. Groupon went on to raise significant funding from investors and turned down a reported $6 billion offer from Google in December 2010. Lefkofsky became the CEO of Groupon in August 2013 but stepped down in November 2016, resuming the role of Chairman.
In July 2014, Lefkofsky made an early investment in Uptake, LLC, an analytics company.
He also founded Tempus, a technology company for personalized cancer care, in 2016 and serves as its CEO.
Eric Lefkofsky: Companies
Eric Lefkofsky: Major Achievements
Eric Lefkofsky: Awards & Achievements
Eric Lefkofsky: Personal Life & Legacy
Eric Lefkofsky is married to Elizabeth (née Kramer) and has three children. He is actively involved in philanthropy through The Lefkofsky Family Foundation, which aims to enhance the quality of human life in their communities. Lefkofsky has also made significant contributions to education, serving as an adjunct professor at several universities and teaching courses on entrepreneurship and technology-based businesses. He is a respected figure in the business world and has left a lasting legacy through his entrepreneurial success and commitment to innovation.
Eric Lefkofsky: Trivia
Eric Paul Lefkofsky was born in Southfield, Michigan.
Graduated from Southfield-Lathrup High School.
Graduated with honors from the University of Michigan.
Received Juris Doctor from the University of Michigan Law School.
Co-founded Brandon Apparel, a clothing company, with college friend Brad Keywell.
Created Starbelly, an Internet company specializing in promotional products.
Sold Starbelly to Halo Industries, joined Halo as chief operating officer.
Co-founded InnerWorkings, a print procurement services firm.
InnerWorkings went public with an initial public offering.
Co-founded Echo Global Logistics, a freight logistics company.
Echo Global Logistics went public on the NASDAQ under the symbol 'ECHO'.
Co-founded MediaBank, a technology provider for advertising buyers.
MediaBank acquired Datatech, a media planning and procurement platform.
MediaBank received investment from New Enterprise Associates.
MediaBank merged with Donovan Data Systems to form Mediaocean, valued at $1.5 billion.
Provided $1 million in funding for ThePoint.com (later Groupon.com).
Groupon raised $30 million from Accel Partners and New Enterprise Associates.
Groupon received $135 million investment from Digital Sky Technology and Battery Ventures, valuing the company at $1.35 billion.
Groupon turned down a reported $6 billion offer from Google.
Groupon raised $950 million in private funding, paying $810 million to employees and investors.
Became CEO of Groupon.
Stepped down as CEO of Groupon, resuming the role of Chairman.
Early investor in Uptake, LLC, an analytics company.
Founded Tempus, a technology company for personalized cancer care, serving as its CEO.
Formed The Lefkofsky Family Foundation with his wife, Liz.
Joined The Giving Pledge.
Joined the committee to bring the 2016 Summer Olympics to Chicago (Chicago 2016).
Published "Accelerated Disruption," a book about technology's impact on business.
Married Elizabeth (née Kramer), has three children.
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