Scott Banister

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Scott Banister
Born 1975 (age 38–39)
Kansas City, Missouri
Residence Half Moon Bay, California
Occupation Entrepreneur and investor
Known for Co-founder of IronPort
Spouse(s) Cyan Banister

Scott Banister (born 1975 in Kansas City, Missouri) is an American entrepreneur and angel investor. He is best known as a co-founder of IronPort and an early advisor and board member at PayPal.

Life and career[edit]

In the summer of 1995, Banister cofounded SponsorNet New Media, Inc., along with fellow University of Illinois at Urbana-Champaign students Max Levchin and Luke Nosek.[1] Banister created the Submit It! service while in college. He left during his sophomore year in 1996 to co-found Submit It! Inc., where he served as vice president of technology.[2][3] The company's other products included ListBot and ClickTrade. Submit It! Inc. was acquired by LinkExchange in June 1998,[4] which in turn was acquired by Microsoft in November 1998.[5]

Banister then spent time working with other start-ups as board member and investor. These start-ups include eVoice, creator of the first email-enabled home voicemail service, which was acquired by AOL in 2001. He served as VP of Ideas at idealab!, where he contributed numerous innovations, including the unique bid-for-placement search engine model that powers Overture[citation needed] . In December 2000, with Scott Weiss, Banister co-founded IronPort, an email appliance provider that was acquired in 2007 by Cisco for US$830 million.[6][7][8]

Scott Banister is co-founder and chairman of Zivity, an adult-themed social networking site co-founded with his wife, Cyan Banister, and Jeffrey Wescott.[9] [10] He was an early investor in Powerset, a startup building a natural language search engine, and sits on the company's Board of Directors. He also sat on the Board of Directors for Slide, a start-up founded by PayPal co-founder Max Levchin, acquired by Google and shut down. Other private equity investments include Zappos.com, LiveOps, Facebook, Hi5.com, Tagged.com, iLike, Causes.com, Topsy Labs and TekTrak.[11] Banister is a marijuana rights activist and a supporter of Republican Senator Rand Paul.[12]

Banister currently lives in Half Moon Bay, California with his wife Cyan.

References[edit]

  1. ^ "SponsorNet New Media". Freebase. Retrieved 2011-02-17. 
  2. ^ "Bios". Submit It!, Inc. Archived from the original on January 21, 1998. Retrieved May 21, 2013. 
  3. ^ "Scott Banister". LinkedIn. Retrieved May 21, 2013. "VP Technology, Co-Founder: Submit It!" 
  4. ^ "LinkExchange Acquires Submit It!". ClickZ. June 24, 1998. 
  5. ^ "Acquisition Enables MSN to Reach More Customers". Microsoft News Center. November 5, 1998. 
  6. ^ "Cisco Announces Agreement to Acquire IronPort". News release. Cisco. January 4, 2007. Retrieved May 21, 2013. 
  7. ^ Keith Regan (January 4, 2007). "Cisco buys IronPort for $830 Million". E-Commerce Times. Retrieved May 21, 2013. 
  8. ^ "Cisco launches Self-Defending Network v3.0". News release. Cisco Systems. June 25, 2007. Retrieved May 21, 2013. 
  9. ^ "Scott Banister, Chairman, talks about Zivity on Fox Business". YouTube. November 8, 2007. 
  10. ^ "Zivity's Scott Banister on Fox Business Network". Zivity. November 8, 2007. Archived from the original on November 8, 2007. 
  11. ^ "iPhone Tracking Service Provider TekTrak Locates Seed Funding". TechCrunch. December 14, 2010. Retrieved March 1, 2011. 
  12. ^ "Silicon Valley’s Libertarian revolution". Politico. Retrieved 20 July 2014. 

External links[edit]