Jeff Binder
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Jeff Binder | |
|---|---|
| Born | Jeffery T. Binder Chicago, Illinois |
| Nationality | American |
| Alma mater | Harvard University |
| Occupation(s) | CEO, Layer3 TV Inc. |
| Years active | 1987 - present |
| Board member of | Layer3 TV This Technology, Inc. InStock Fasteners |
| Awards | Boston Business Journal 40 Under 40 Cablefax Top 100 Cable Heavy Hitters Multichannel News Next Generation Leader |
Jeff Binder is an American entrepreneur focused on technology, media, and telecommunications. He is the co-founder and CEO of Layer3 TV.[1][2]
Early life
Binder was born in Chicago. Both his father and his grandfather were entrepreneurs; his father launched several business and his grandfather, Martin R. Binder, was the founder of Quartet Manufacturing and chairman of the Greater Chicago and Success National Bank.[3]
Binder began playing table tennis at 10, and was later ranked in the national Top 5 for his age group.[4] A musician since childhood, he moved to Colorado with his band after his high school graduation. He additionally pursued a career in audio engineering. [5]
Career
Binder returned to Chicago after several years of playing and recording music in Colorado and became a floor clerk with a treasury bond option trader at the Chicago Board of Trade. In 1987, he leased a seat on the board and traded through Tao Commodities, a firm he established. In 1989, his father, who had been collaborating with engineer Robert Scheffler on the development of a technology to duplicate cassettes using dynamic random-access memory (D-RAM), asked Binder to help with the product's marketing. In 1991, he closed Tao to become the president and CEO of Magic Music Cassettes, Inc., joining his father and Sheffler full-time. Winning key contracts with Universal Music, MCA Records, Philips NV and Polygram, among others, the company became a leading provider of the first digital technology to mass produce cassettes.[citation needed] Magic Music ceased operations in 2001 as compact discs replaced cassettes as the dominant commercial format. [6][5][7][8]
Binder continued his partnership with Scheffler, and in 1994 they launched Nanosoft, an offshore start-up which established development facilities in Bejing to incubate young technology companies. In 1995, he founded Leading Golf Companies, LLC, a technology-based marketing network and affinity program affiliated with the top 500 golf courses in North America as well as American Airlines, TWA, and Northwest. Binder and Leading Golf sold their online tee time portion of the business to Jack Nicklaus’ World Golf Network in 1999. [5][9][10]
Binder and Scheffler co-founded Broadbus Technologies in 1999. Based in Boston, Broadbus built the first high-density, highly scalable DRAM-based server for video-on-demand (VOD), subscription video-on-demand (SVOD), and television-on-demand (TOD™) services. Broadbus quickly became a key player in the cable industriy’s launch of VOD and time shifted TV, with Liberty Global using its technology exclusively in Europe, and Comcast, Time Warner Cable, Charter, Adelphia and Rogers deploying the technology throughout the US and Canada. The company was sold to Motorola in 2006 for a reported $186 million. Following the acquisition, Binder served as a senior executive and general manager of Motorola's On-Demand Solutions group. At the same time, he returned to his formal education and became a special student through the Graduate School of Arts and Sciences at Harvard. He completed his degree in 2012.[11][12][13]
In 2008, Binder, former Broadbus partner Vin Bisceglia and advisory board chair David Fellows, previously the chief technology officer at Comcast, teamed to form Genovation Capital. A boutique private equity and venture VC fund which combined entrepreneurial and corporate-level operational experience, Genovation focused on media, communications, and the internet. It was partnered with both TPG and Silver Lake’s Sumeru fund.[14][15]
Binder and Fellows co-founded Layer3 TV in Boston in 2013; in 2014 the company was moved to Denver. Operating in stealth mode, Layer3 TV raised $21 million in Series A funding in March 2014,[16] and more than $51 million in a Series B round in June 2015.[17]
Binder was chairman of the board of directors for This Technology, which was acquired by Comcast in August 2015. A member of the Chicago Board of Trade since 1987, Binder serves on the board of directors for InStock Fasteners and was previously a member of the board of directors for the Greater Chicago Bank.[18][19]
Personal
Binder lives in Denver with his wife, Lisa. A member of the National Academy of Recording Arts and Sciences and the National Academy of Television Arts and Sciences, he was formerly on the board of the National Jewish Fund.[20]
References
- ^ Spangler, Todd (March 14, 2014). "Not a Virtual MSO? 'Next-Gen Cable' Service Layer3 TV Launches with $21 Million in Funding". Variety. Retrieved 5 June 2015.
- ^ Vuong, Andy (May 14, 2014). "What Layer3 TV hopes to offer and why it's relocating HQ to Denver". Denver Post. Retrieved 5 June 2015.
- ^ "Standard & Poor's Register of Corporations, Directors, and Executives". Standard & Poor. Standard & Poor. Retrieved 5 June 2015.
- ^ "Portrait of a ping-pong wiz: Jeff Binder". Highland Park Newspaper. November 3, 1997. p. 39.
{{cite news}}:|access-date=requires|url=(help) - ^ a b c Ellis, Leslie (July 8, 2005). "At the Front of the Broadbus: Jeff Binder". Multichannel News. Retrieved 5 June 2015.
- ^ "Capitol Readies Tapeless Duplication". Billboard. January 11, 1986. Retrieved 5 June 2015.
- ^ "Patents by Assignee Magic Music Cassette Company". Justia. Justia. Retrieved 5 June 2015.
- ^ Kelly, Heather (October 2, 2012). "Rock on! The compact disc turns 30". CNN. Retrieved 5 June 2015.
- ^ "The Internet - Media - Hollywood Connection - Ubiquitous Broadband - Ubiquitous Content". Digital Hollywood. Digital Hollywood. Retrieved 5 June 2015.
- ^ Sirak, Ron (March 6, 1997). "Golf Plans? Set A Tee Time A Year In Advance Companies Setting Up System To Make Golf Dates By Telephone And On Internet". Associated Press. Retrieved 6 June 2015.
- ^ White, Peter (July 26, 2006). "Motorola steps in for upstart DRAM VoD player Broadbus". Faultline. Retrieved 6 June 2015.
- ^ Weisman, Robert (July 26, 2006). "Motorola to acquire Broadbus Technologies Boxborough firm's video-on-demand technology sought". Boston Globe. Retrieved 5 June 2015.
- ^ "Motorola to Acquire Broadbus Technologies, Extend Portfolio of 'Seamless Video Anywhere' Solutions". Star Ventures. Star Ventures (via Motorola). Retrieved 5 June 2015.
- ^ Viscarolasaga, Efrain (November 25, 2008). "New tech-focused investment funds dismiss down economy". Boston Business Journal. Retrieved 5 June 2015.
- ^ Baumgartner, Jeff (December 22, 2008). "Cable Vets Launch VC Firm". Gigabit. Retrieved 6 June 2015.
- ^ Wilhelm, Alex (March 13, 2014). "Layer3 TV Announces A $21M Series A Round Of Funding For "Next Generation Cable"". TechCrunch. Retrieved 6 June 2015.
- ^ Jarvey, Natalie (June 3, 2015). "Cable Startup Layer3 TV Raises $51 Million (Exclusive)". The Hollywood Reporter. Retrieved 6 June 2015.
- ^ Spangler, Todd (May 14, 2012). "Broadbus Founder Takes Stake In VOD Ad Firm This Technology". Multichannel News. Retrieved 6 June 2015.
- ^ Spangler, Todd (May 14, 2012). "Broadbus Founder Takes Stake In VOD Ad Firm This Technology". Multichannel News. Retrieved 6 June 2015.
- ^ "Broadbus President, Jeffrey Binder Named to Boston Business Journal's Top 40 Under 40: Special Supplement Lauds Some of the Best and Brightest". Business Wire. Business Wire (press release). Retrieved 6 June 2015.