Garrett Camp

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Garrett Camp
Garrett Camp 2018 Headshot Cameron Harris Flickr.jpg
Camp in 2018
Born (1978-10-04) October 4, 1978 (age 40)
Calgary, Alberta, Canada
ResidenceSan Francisco, California, U.S.
NationalityCanadian
Alma materUniversity of Calgary
OccupationFounder at Expa
Founder & board member of Uber
Founder & Chairman at StumbleUpon
Net worthUS$ 4.8 billion (March 2019)[1]
Websitegarrettcamp.com

Garrett Camp (born October 4, 1978) is a Canadian billionaire entrepreneur, product designer and investor.[2][3] He has helped build a series of companies, including founding Expa, a startup studio that works with founders to develop and launch new products,[4] co-founding Uber, the transportation network company,[5] and founding StumbleUpon, a web-discovery platform.[6] Garrett is chairman of Mix, the successor to StumbleUpon, and is on the board of Uber.

Early life and education[edit]

Garrett was born and raised in Calgary, Alberta, Canada.[7] His father was an economist, and his mother an artist, and both later became home builders.[8] He graduated from the University of Calgary with a bachelor's degree in electrical engineering in 2001, and later earned a master's degree in software engineering, researching collaborative systems, evolutionary algorithms and information retrieval.[7]

Career[edit]

StumbleUpon[edit]

Garrett co-founded StumbleUpon in 2002. It was the first web-discovery platform[9][10][11][12] and personalized recommendation engine.[13][14] The service enabled users to discover web content with a single click, during the Web 2.0 era.[15] In 2006 StumbleUpon relocated to San Francisco upon receiving its first round of funding from Silicon Valley angels. In 2007 StumbleUpon was listed in TIME's 50 Best Websites[16] and in TIME's 50 Must-Have iPad Apps in 2013.[17]

StumbleUpon was acquired by eBay for $75M[18][19] in 2007 and later spun-out in 2009,[20][21][22][23] becoming an independent company again.[24][25] Following its spin-off, Garrett worked to expand StumbleUpon's product offerings to include mobile phone app discovery and social networking.[23] Garrett grew the company to over one hundred employees and over 25 million registered users[26] as its founding CEO before stepping down in mid 2012 to work on other ventures.[27] In August 2015, StumbleUpon was re-acquired by Garrett Camp, who re-gained a majority share of the company after resetting all previous shareholders at $0/share.[28] StumbleUpon continued to have standalone web and mobile apps until mid 2018, when its users were transitioned to the Mix.com, a venture built in part through Garrett's studio startup company, Expa.[29][30]

Uber[edit]

Uber is a transportation network company. Garrett founded Uber as UberCab[31][32] in early 2009 while he was CEO of StumbleUpon, and self funded the seed round of $250K.

Uber launched in San Francisco in mid 2010 with just a few cars on the road and, in late 2010, raised $1.25M in angel funding.[33] In 2011, the company continued to expand across the United States and abroad, including major markets such as New York City and Paris.[34][35] Uber's motto is "Everyone's Private Driver"[36] and, in mid-2012, launched UberX[37][38] and Uber SUV[39] to offer customers low cost options and more vehicle choices. In late 2012, Uber launched UberTAXI,[40][41] allowing taxi drivers to use the application with taxi-like fares for customers, and, in early 2013, CEO Kalanick announced that Uber would begin offering a ride-sharing service,[42][43][44] allowing community drivers to use the application.

Uber was listed in Forbes Top 10 Companies of 2012,[45] and was ranked #6 in Fast Company's Most Innovative Companies of 2013.[46] Uber is based in San Francisco, and has expanded in the US and abroad, offering service in over 600 cities worldwide.[47] Garrett currently serves on Uber's Board of Directors.[48]

Expa[edit]

Garrett formed Expa in 2013,[49][50] integrating his ten years of start-up experience into a system for building new companies. Expa is a startup studio designed by entrepreneurs to create and launch new companies.[51]

In March 2014, Expa raised its first $50M from investors[52][53] to fund the design and development of new companies. Investors include Garrett Camp, Google board member Ram Shriram, TPG founder David Bonderman, Virgin founder Sir Richard Branson, HP CEO Meg Whitman, Li Ka-Shing & Solina Chau, First Round Capital, SherpaVentures, Booking.com Chairman Kees Koolen, SV Angel, Lerer Hippeau Ventures, WordPress founder Matt Mullenweg, Behance founder Scott Belsky, Undercurrent co-founder Josh Spear & author Tim Ferriss. In March 2016, Expa raised an additional $100m to fund the creation of new startups. Expa has helped to build and launch a number of companies, including Mix.com, Haus.com and Cmd.com, among others.[54][55][56]

Eco

Camp is currently working on a cryptocurrency called Eco. Camp is striving to make it a digital global currency that facilitates daily transactions between business as a form of payment in order to improve commonly occurring issues with digital currencies.[57] Eco also aims to be the most energy efficient currency in terms of transaction verification and token generation.[57]

Investments[edit]

Garrett has invested in and advised new start-ups. Previously, Garrett invested in Prism Skylabs,[58] a video analytics platform founded by Stephen Russell; SoundTracking,[59] a music sharing application co-founded by Steve Jang of Schematic Labs; WillCall a live music ticket-buying application; and PSDept, a personal shopping application and BlackJet, an on-demand private aviation service.[60] Garrett was also a Series-A investor in Behance,[61] prior to its acquisition by Adobe in 2012.[62]

Awards and honors[edit]

Garrett was named to the TR35 List of Top Innovators[63] under the age of 35 at Technology Review's Emerging Technologies Conference at MIT in 2007.[64] In 2008 Garrett was named by Bloomberg Businessweek as one of Tech's Best Young Entrepreneurs.[65] Garrett was honored at the 2013 Tribeca Disruptive Innovation Awards for his accomplishments at both StumbleUpon and Uber.[66]

Speaking engagements and interviews[edit]

Camp at the 2008 The Next Web Conference in Amsterdam

Garrett has been a speaker at conferences such as Wireless Influencers and South by Southwest, and was a judge and panel member at DEMO Mobile 2013 in San Francisco. Garrett participated in the World Economic Forum in New York, the PARC Forum Going Beyond Web 2.0 Series, and the Young Leaders of Silicon Valley hosted by VLAB, the San Francisco Bay Area chapter of the MIT Enterprise Forum.

Garrett has been interviewed by trade magazines, newspapers, radio shows and publications including Forbes, the Huffington Post, the Wall Street Journal, TechCrunch, BBC News, Inc. Magazine, PRWeek, Monocle's Entrepreneurs and AllThingsD.[67]

Wealth and philanthropy[edit]

In 2015, he was the 283rd-richest person in the world and the third-richest Canadian, with an estimated wealth of US$5.3 billion according to Forbes.[68] As of March 2019, Garrett's net worth is calculated at US$4.6 billion according to Forbes.[69]

He has joined The Giving Pledge, a commitment to give away half of his wealth to charity. The Giving Pledge was created in 2010 by Warren Buffett and Bill and Melinda Gates to encourage the world's richest people to "publicly dedicate the majority of their wealth to philanthropy" while they're still alive. In a personal blog post announcing his plans, Camp spoke of recent travels to Kenya, where he connected with people living without access to basic services like clean water, food and electricity.[70] In 2018 Garrett established the Camp Foundation, a non-profit research organization to support research into infrastructure, sustainability, and conservation projects that will have a significant global impact.[71]

Personal life[edit]

Camp lives in San Francisco.[8]

References[edit]

  1. ^ "Garrett Camp". Forbes. Retrieved 9 May 2019.
  2. ^ McCullough, Michael (21 September 2011). "Stumbling upon success". Canadian Business. Retrieved 19 April 2019.
  3. ^ Camp, Garrett (2011-10-22). "The Start-Up Advantage". The New York Times.
  4. ^ "Garrett Camp". Crunchbase. Retrieved 19 April 2019.
  5. ^ "Uber". CrunchBase Profile.
  6. ^ "StumbleUpon". CrunchBase Profile.
  7. ^ a b Plana, Vincent. "17 Facts You Didn't Know About Uber Co-Founder's $68 Billion Fortune". www.narcity.com. Retrieved 2019-04-30.
  8. ^ a b "Bloomberg profile: Garrett Camp". Bloomberg LP. Retrieved 9 May 2019.
  9. ^ Helft, Miguel (2007-10-07). "A Way to Find Your Corner of the Internet Sky". The New York Times.
  10. ^ "Garrett Camp: "one-size-fits-all in search is history"". The Next Web.
  11. ^ "Interview with Garrett Camp, StumbleUpon Co-Founder". CenterNetworks. Archived from the original on 2012-05-20.
  12. ^ "SoMa-Based StumbleUpon Provides a "Forward Button" for Discovery on the Internet". 7x7SF.
  13. ^ "Q&A With Garrett Camp, Founder & Chief Architect, StumbleUpon". Search Engine Land.
  14. ^ "The Serendipity Of StumbleUpon - an interview with Garrett Camp, Chief Architect". ReadWriteWeb.
  15. ^ Waters, Darren (29 March 2007). "Web 2.0 wonders: StumbleUpon". BBC News. Retrieved 23 April 2019.
  16. ^ "StumbleUpon: 50 Best Websites 2007". Time. 2007-07-08.
  17. ^ "StumbleUpon: 50 Must-Have iPad Apps". Time. 2013-04-15. Archived from the original on 2013-04-19.
  18. ^ "eBay's StumbleUpon Acquisition: Confirmed at $75 Million". TechCrunch.
  19. ^ Fost, Dan (2007-06-24). "Company Stumbles its Way to 75 Million". The San Francisco Chronicle.
  20. ^ "StumbleUpon Beats Skype In Escaping EBay's Clutches". TechCrunch.
  21. ^ "StumbleUpon's Garrett Camp Speaks (About Being a Born-Again Start-up)!". AllThingsD.
  22. ^ "Garrett Camp: Buying Back the Company". Inc. Magazine.
  23. ^ a b Mangalindan, JP (29 February 2012). "How StumbleUpon saved itself". Fortune. Retrieved 12 April 2019.
  24. ^ Borzo, Jeanette (November 15, 2010). "Interview with Garrett Camp: The Perils of Being the Little Fish". The Wall Street Journal. Retrieved 2019-05-05.
  25. ^ Tsotsis, Alexia (March 17, 2011). "StumbleUpon's Garrett Camp On What It's Like To Buy Back Your Company". TechCrunch. Retrieved 2019-05-05.
  26. ^ Ha, Anthony (April 26, 2012). "StumbleUpon Reaches 25M Registered Users, Plans For Global Expansion And API". TechCrunch. Retrieved 2019-05-05.
  27. ^ Ha, Anthony (May 8, 2012). "Mufassil Steps Down As StumbleUpon CEO, Will Serve As Chairman". TechCrunch. Retrieved 2019-05-05.
  28. ^ Olanoff, Drew (August 26, 2015). "Co-Founder Garrett Camp Buys Back Majority Share In StumbleUpon". TechCrunch. Retrieved 2019-05-05.
  29. ^ Camp, Garrett (May 23, 2018). "SU is moving to Mix". Medium. Retrieved 2019-05-05.
  30. ^ Carson, Biz (August 1, 2018). "Uber Cofounder Garrett Camp Is Back To An Old Problem: Finding Interesting Things On The Internet". Forbes. Retrieved 2019-05-05.
  31. ^ "UberCab Takes The Hassle Out Of Booking A Car Service". TechCrunch.
  32. ^ "A Peek Under the Hood at Uber". 7x7SF.
  33. ^ "UberCab Closes Uber Angel Round". TechCrunch.
  34. ^ Jeffries, Adrianne (26 April 2013). "After long battle, Uber becomes first taxi app to get approved in New York City". The Verge. Retrieved 16 April 2019.
  35. ^ Schechner, Sam (13 November 2014). "Uber Launches Car Pooling Service in Paris". The Wall Street Journal. Retrieved 16 April 2019.
  36. ^ "The Uber Experience: Everyone's Private Driver". Bloomberg Businessweek.
  37. ^ "Uber Opens Up Platform To Non-Limo Vehicles With "Uber X," Service Will Be 35% Less Expensive". TechCrunch.
  38. ^ "A Status Symbol Moves Down Market: The Context for Uber's Lower-Priced Launch". AllThingsD.
  39. ^ "SF, You Now Have the Freedom to Choose". Uber Blog.
  40. ^ "Despite NYC Delay, Uber Launches Taxi Option In SF". TechCrunch.
  41. ^ "Uber wins in NYC lawsuit filed by limo lobby, clearing the way for city to test e-hail apps". The Verge.
  42. ^ "Uber Moves Deeper Into Ride Sharing, Promises To Roll Out Services Where Regulators Have Given 'Tacit Approval'". TechCrunch.
  43. ^ "Uber Policy White Paper 1.0 by Travis Kalanick". Uber Blog.
  44. ^ "Uber will 'aggressively' pursue carpooling model, but only when lawmakers say it's okay". The Verge.
  45. ^ Prive, Tanya. "Uber: Top 10 Tech Companies Of 2012". Forbes.
  46. ^ "Uber: Most Innovative Companies 2013". Fast Company.
  47. ^ Dara Kerr and Marrian Zhou, "Uber to acquire Middle East competitor Careem for $3.1B," CNET, March 26, 2019.
  48. ^ "Leadership". Uber. Retrieved 16 April 2019.
  49. ^ "Garrett Camp Distills His Uber And StumbleUpon Expertise Into New Holding Company Expa". TechCrunch.
  50. ^ "Garrett Camp's Expa Aims to Channel StumbleUpon and Uber Lessons Into New Companies". AllThingsD.
  51. ^ Yeung, Ken (30 March 2016). "Expa raises $100 million to build more companies, launches startup accelerator". VentureBeat. Retrieved 15 April 2019.
  52. ^ "Expa Raises $50M". expa.com.
  53. ^ "Garrett Camp's Expa Raises $50M To Build New Startups". TechCrunch.
  54. ^ Crook, Jordan (1 August 2017). "Garrett Camp's latest Expa project, Mix, aims to curate the web". TechCrunch. Retrieved 15 April 2019.
  55. ^ Crook, Jordan (28 July 2016). "Uber co-founder launches new real estate venture for Expa called Haus". TechCrunch. Retrieved 15 April 2019.
  56. ^ Sawers, Paul (26 February 2019). "GV leads $15 million investment in stealth Canadian cybersecurity startup Cmd". TechCrunch. Retrieved 15 April 2019.
  57. ^ a b "Uber co-founder Garrett Camp is creating a new cryptocurrency". TechCrunch. Retrieved 2019-03-26.
  58. ^ "Prism Skylabs". CrunchBase Profile.
  59. ^ "SoundTracking". CrunchBase Profile.
  60. ^ "Celeb-backed BlackJet Is Grounded. Again". Fortune.
  61. ^ "Behance". CrunchBase Profile.
  62. ^ "Adobe Acquired Portfolio Service Behance For More Than $150 Million In Cash And Stock". TechCrunch.
  63. ^ "Innovators Under 35". MIT Technology Review.
  64. ^ "Garrett Camp Named to Technology Review's Prestigious TR35 List of Top Young Innovators". PR Newswire.
  65. ^ "Garrett Camp: Tech's Best Young Entrepreneurs". Bloomberg Businessweek.
  66. ^ "Garrett Camp: 2013 Honoree". Tribeca Disruptive Innovation Awards.
  67. ^ Joyner, April. "Buying Back the Company". Inc.
  68. ^ Forbes' 29th Annual World's Billionaires Issue, Forbes, March 2, 2015
  69. ^ "Garrett Camp". Forbes. Retrieved 2019-03-26.
  70. ^ Kolodny, Lora (2017-11-22). "Uber and Infosys co-founders are latest billionaires to join The Giving Pledge". CNBC. Retrieved 2017-12-16.
  71. ^ "The Camp Foundation".

External links[edit]

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