Jack Abraham

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Jack Abraham
Born (1986-02-23) February 23, 1986 (age 33)
ResidenceSan Francisco, CA
Alma materThe Wharton School
OccupationManaging Partner at Atomic, Executive Director at Thiel Fellowship
Known forFounder and MP of Atomic
WebsiteAtomic

Jack Abraham is an American businessperson, entrepreneur and investor who is best known for building and founding Milo, a product search engine company, acquired by eBay in 2010 for $75 million.[1] Currently, Abraham is the managing partner of startup studio and investment fund Atomic.

Career[edit]

Abraham began his career working for his father at ComScore in 1999.[2] After working for his father, Abraham enrolled in The Wharton School in 2004, studying technical entrepreneurship. Three years later, in 2007, Abraham dropped out of Wharton to start, local product search engine company, Milo.com.[3] The company eventually raised a total of $4.95 million in Series A funding from the likes of True Ventures, Ron Conway of SV Angel, Keith Rabois, and Kevin Hartz before getting acquired in 2010 by eBay for $75 million.[4][5]

Abraham then went on to be Head of Local at eBay. During his tenure, Abraham led the creation of the news feed for the site[6] as well as "brought a[n] entrepreneurial mindset to eBay."[7] After leaving Milo, Abraham started Atomic, a San Francisco based startup studio in 2013. Backed by Peter Thiel, Marc Andreessen and several others, Atomic has raised $20 million and started over 6 companies.[8] Jack is also the co-founder of Hims, which achieved a $1B valuation just 15 months after launch, making it the second fastest company to a $1B valuation in history.[9][10]

Abraham is also an angel investor in Pinterest, Postmates, Invite Media, Uber, Ampush Media and Flatiron Health as well as an advisor to Felicis Ventures. He was named one of the "100 Most Creative People in Business" by FastCompany[11] and has also been named to the Forbes' 30 Under 30 listing twice.[12] Abraham is also the executive director of the Thiel Fellowship.

References[edit]

  1. ^ Rao, Leena. "Confirmed: Ebay Acquires Milo For $75 Million. Investors Make A Killing". TechCrunch. Retrieved 31 July 2017.
  2. ^ Adams, Susan. "Milo.com Founder Jack Abraham and Father, ComScore Founder Magid Abraham: Is Entrepreneurship Inherited?". Forbes. Retrieved 31 July 2017.
  3. ^ Adams, Susan. "Jack Abraham Thinks He's Found A Better Way To Build Businesses". Forbes. Retrieved 31 July 2017.
  4. ^ "Milo: Crunchbase". Retrieved 31 July 2017.
  5. ^ Cain Miller, Claire (Nov 24, 2009). "Milo, a Site to Help People Shop Offline, Attracts Investors". NY Times. Retrieved 2 August 2017.
  6. ^ Thomas, Owen (Feb 19, 2013). "A Renegade Innovator Inside eBay Took A Team Of Six Halfway Around The Planet To Revamp Its Homepage". Business Insider. Business Insider. Retrieved 31 July 2017.
  7. ^ Mangalindan, JP (Jan 28, 2013). "eBay loses head of local Jack Abraham". Fortune.
  8. ^ Geron, Tomio (Jan 23, 2017). "Atomic, With First Fund, Looks to Upend Venture-Capital Model". The Wall Street Journal.
  9. ^ {{cite news||title=Watchlist: Charitable Fashion, Self-Driving Tractors, and a Men’s Health Unicorn|url=http://whartonmagazine.com/issues/spring-summer-2019/watchlist-charitable-fashion-self-driving-tractors-and-a-mens-health-unicorn/%7Cpublisher=Wharton Magazine}
  10. ^ Schleifer, Teddy (Jan 28, 2019). "Hims is finalizing a $100 million fundraising round that values the company at $1 billion pre-money". Recode.
  11. ^ Sacks, Danielle. "How Jack Abraham is Reinventing eBay". Fast Company.
  12. ^ "Forbes 30 under 30: Technology". Forbes.