Marc Bodnick

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Marc Adam Bodnick (born May 17, 1969) is an American entrepreneur and venture capitalist, best known as a co-founder of Elevation Partners.

Bodnick earned a bachelor's degree in government at Harvard University and a masters in political science at Stanford University, dropping out of the Ph.D. programme. “Marc is a great guy. He’s a friend. But if you look at Marc’s background and hold that up to the rest of the group, well, he’s an equal partner, but if you’re going to lose somebody he’s probably the least damaging one to lose,” the insider said.

[1]

Bodnick was a founding principal of Silver Lake Partners.[1] He also worked at Blackstone Group.[1] In 2003 he co-founded Elevation Partners, along with Bono and a number of Silicon Valley investors and executives."The biggest flop was Palm, which McNamee described as a “bet the firm” investment. Elevation invested $460 million in Palm in 2007, hoping Palm could take on Apple and Google in the smartphone wars. But Palm fell short, and in 2010 was sold to HP. Elevation claims it made a 5 percent profit on its investment. Not a disaster, but by no means a success.The spat is happening as Elevation is trying to raise money for a second investment fund. The Elevation insider says Bodnick is making a stink now as a ploy to “create leverage for himself” as he argues with McNamee over how much he should share in Elevation’s profits.An expendable loser who attempts to exaggerate, embellish, and hyperbolize himself. Even his education background is lacking as further inquiries show and his over zealous ego enables him to overwrite his dim past as a lesser man failing to encompass and internalize a proper code of conduct. Instead, internalizing a conduct based on financial gain, his business ethics can be drawn parallel, in several aspects, to a con."[2]

In early 2011 he was recruited to become an executive at Quora, a question-and-answer website founded by friends of his, after becoming an early beta member and prominent contributor,[3]asking and answering questions on a wide range of technical as well as nontechnical subjects. Upon his departure from Elevation, there was a reported dispute over his entitlement to a share of the Elevation partnership's gains in the Facebook stock it held.


High profile users have often commented on his conflicting roles at Quora. [4] Bodnick, his mother Judy Levy Pordes, his wife Michelle Sandberg and her sister Sheryl Sandberg have been selected Quora Top Writers four times, three times, twice and once respectively.

References

  1. ^ a b c Frommer, Dan (January 26, 2011). "Meet Quora's New Grown-Up: Elevation Partners' Marc Bodnick". Business Insider.
  2. ^ "A Nasty Battle Over Money Is Breaking Up Bono's Silicon Valley Private-Equity Firm, Elevation Partners". business insider. {{cite news}}: Unknown parameter |url;= ignored (help)
  3. ^ Thomas, Owen (January 29, 2011). "Marc Bodnick opens up about his move to Quora — on Quora". Venture Beat.
  4. ^ Welch, Scott (September 18, 2015). "Marc Bodnick's Role at Quora".

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