Nate Morris

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Nate Morris
Nate Morris Kentucky.jpg
Nate Morris at the 2015 Breeders' Cup World Championships in Lexington, Ky.
Born Nathaniel Ryan Morris
(1980-10-16) October 16, 1980 (age 37)
Lexington, Kentucky, United States
Residence Lexington, Kentucky
Nationality United States American
Alma mater George Washington University
Woodrow Wilson School of Public and International Affairs
Occupation CEO of Rubicon Global
Entrepreneur
Spouse(s) Jane Mosbacher Morris (m. 2011)
Awards Fortune 40 Under 40 (2014), World Economic Forum Young Global Leaders (2014)
Website rubiconglobal.com
morrisindustries.com

Nate Morris (born October 16, 1980) is an American entrepreneur. He is the co-founder and CEO of the cloud-based, full-service waste and recycling company Rubicon Global.[1]

Life[edit]

Morris was born in Lexington, Kentucky and raised in Louisville by his mother. He attended Eastern High School, where he played football, was captain of the debate team and was elected president of his senior class.[2] While at Eastern, Morris was selected to attend Boys Nation and met President Bill Clinton in the Oval Office.

Morris won an academic scholarship from the Scottish Rite to attend George Washington University. At GWU, he lived in the Hall On Virginia Avenue and was selected to participate in a year-long program called "America After Watergate."[3] While attending GWU, Morris worked at the U.S. House of Representatives, the U.S. Senate, the Department of Labor and the White House.[4] He is a member of Kappa Sigma fraternity.

After college, Morris spent time in China lecturing at the Beijing International Studies University and working for the Kentucky Cabinet for Economic Development.[5]

Morris returned to the United States and enrolled in graduate school at the Woodrow Wilson School of Public and International Affairs at Princeton University.[6] At Princeton, he studied under former Senate Majority Leader Bill Frist and was named a fellow at the Center for the Study of Presidency.[7][8]

Business[edit]

In 2008, Morris and high school friend Marc Spiegel founded Rubicon Global.[9] Spiegel's family had been in the garbage hauling trade for more than a century; his knowledge piqued Morris's interest in starting a company that could disrupt the waste industry. Morris maxed out personal credit cards and sold items on eBay to fund initial expenses, like a website and basic legal work.[10][11]

Morris is currently CEO of Rubicon. As CEO, Morris has led the company's fundraising efforts. Investors in Rubicon include Leonardo DiCaprio, Henry Kravis, Paul Tudor Jones, Auren Hoffman, Barry Sternlicht, Brad M. Kelley, Chris T. Sullivan, Bruce Lunsford, Marc Benioff, Fifth Third Bank, Goldman Sachs and Wellington Management. In October 2016, Rubicon was named a Next Billion-Dollar Startup by Forbes.[12] In September 2017, Forbes reported that Rubicon's valuation was more than $1 billion.[13]

Rubicon was the subject and Morris was the protagonist of a Harvard Business School case study published in 2015.[14]

Morris is also the founder and chairman of Lexington, Kentucky-based Morris Industries, a privately held holding company.[15]

In 2016, Morris was named the first Entrepreneur-in-Residence at the University of Kentucky Gatton College of Business and Economics.[16] As part of the role, Morris offers guest lectures at the college, serves as a mentor for the UK Venture Studio and for UK teams in business plan competitions, and spends several days per year at the college engaging with students, faculty and community members.

Advocate for benefit corporations[edit]

Morris is an advocate for benefit corporations. In 2013, Morris worked with the leadership of companies including Warby Parker and Prudential Financial to pass a law in Delaware recognizing public benefit corporations.[17] In 2014, Morris spoke in support of benefit corporations at a conference sponsored by the Harvard Business Law Review.[18]

In 2017, Morris advocated for the passage of Kentucky House Bill 35, which allowed for the creation of public benefit corporations in the Commonwealth.[19] The bill passed the General Assembly and was signed by Gov. Matt Bevin.[20]

Awards and recognition[edit]

Kentucky businessmen Jim Booth (left) and Nate Morris (right) are recognized at a University of Kentucky basketball game in 2014.

In 2013, Morris received the U.S. Jaycees Ten Outstanding Young Americans award.[21]

Morris was named to Fortune's 40 Under 40 list in 2014.[22] Also in 2014, he was recognized by the Kentucky Entrepreneur Hall of Fame as an Emerging Entrepreneur[23] and was named to the World Economic Forum's Young Global Leaders class.[24]

Morris was named one of the 100 Most Intriguing Entrepreneurs of 2016 by Goldman Sachs at its annual Builders + Innovators Summit.[25] Also in 2016, Morris was named a finalist for the Ernst & Young Entrepreneur Of The Year Award in the Southeast region[26] and named to Waste360's first annual 40 Under 40 award list.[27]

In 2018, Morris was named a Most Admired CEO honoree by the Atlanta Business Chronicle.[28]

Morris is a member of the Council on Foreign Relations,[29] the Young Presidents' Organization Bluegrass Chapter[30] and the Milken Institute Young Leaders Circle. He is also a member of the Board of Trustees of The Churchill Centre,[31] the Dean's Advisory Council at the Gatton College[32] and a board member of Endeavor Louisville.[33]

Media coverage[edit]

Morris and Rubicon were profiled in the January 2017 issue of Forbes magazine.[34] Morris has been featured in media outlets including Vanity Fair,[35] The New York Times,[36] Bloomberg News,[37] and National Journal.[38]

Politics[edit]

Morris was raised in a family of Reagan Democrats and was close to his grandfather, who was a United Automobile Workers leader in Louisville.[39]

Morris's views, however, lean more to the right. He is a Republican and has been described as a "wunderkind" political fundraiser in The New York Times.[40] Morris raised money for President George W. Bush's 2004 reelection campaign and was recognized as a Maverick.[41]

Morris has helped to elect Kentucky Republicans including Sen. Mitch McConnell, Gov. Ernie Fletcher and Rep. Anne Northup.[42] He is a friend and supporter of Sen. Rand Paul. Morris traveled with Paul to Israel in 2013 and raised money for his Senate and presidential campaigns.[43] Paul wrote about Morris and Rubicon in his book, Taking a Stand: Moving Beyond Partisan Politics to Unite America.[44]

In 2014, Morris received the Leadership Institute's Conservative Leader Award[45] and Maverick PAC Future 40 Award.[46]

Speaking engagements[edit]

Morris has been a speaker at events including the 2016 Concordia Summit,[47] the 2015 Robin Hood Investors Conference[48] and The Economist's The World in 2016 Breakfast: Atlanta.[49] He has participated in waste industry related events including the 2012 Wharton School Initiative for Global Environmental Leadership Conference,[50] the Appalachian Ohio Zero Waste Initiative's Waste to Wealth Summit,[51] the 2013 Enactus Fall Leadership Conference,[52], WASTECON 2015[53] and WasteExpo 2017.[54]

Philanthropy[edit]

Morris created the Morris Industries Foundation, which invests in causes that provide opportunities for self-advancement. Programs funded by the foundation include the Lewis Sexton Scholarship Fund, which provides college scholarships in Kentucky to children of UAW Local 862 members or retirees.[55]

Recent gifts given by the foundation include the Gatton United Building Campaign.[56]

Personal[edit]

Morris is married to Jane Mosbacher Morris, the founder and CEO of To the Market. She is the daughter of Robert Mosbacher, Jr. and the granddaughter of oil mogul and U.S. Commerce Secretary Robert Mosbacher, Sr..

References[edit]

  1. ^ "Rubicon Global - Executive Leadership". Retrieved 22 December 2015. [dead link]
  2. ^ Cheves, John (29 August 2004). "Kentucky 'Maverick' reels in serious cash for GOP campaign". Lexington Herald-Leader. Retrieved 25 December 2015. 
  3. ^ Gaines, Patrice (21 August 1999). "A Look at History From Room 723". Washington Post. Retrieved 25 December 2015. 
  4. ^ Cheves, John (29 August 2004). "Kentucky 'Maverick' reels in serious cash for GOP campaign". Lexington Herald-Leader. Retrieved 25 December 2015. 
  5. ^ Storm, Nick. "GOP power broker Nate Morris named to Fortune's top 40 under 40". Pure Politics. cn|2. Retrieved 30 December 2015. 
  6. ^ Bykowicz, Julie (29 May 2014). "Rand Paul's money man Nate Morris leverages trash contacts for political cash". Lexington Herald-Leader. Bloomberg News. Retrieved 25 December 2015. 
  7. ^ Goldmacher, Shane (18 June 2014). "Rand Paul's New Confidant". National Journal. Retrieved 25 December 2015. 
  8. ^ "A Dialogue on Presidential Challenges and Leadership" (PDF). Center for the Study of the Presidency. Retrieved 30 December 2015. 
  9. ^ Zax, David (25 October 2014). "Dividing and Conquering the Trash". New York Times. Retrieved 21 December 2015. 
  10. ^ McCullough, Mike; D'Angelo, Caroline (13 August 2012). "Investing in Disruptive Sustainability". Wharton Magazine. Retrieved 21 December 2015. 
  11. ^ Contributor, Ashoka (30 June 2016). "Kentucky Entrepreneur Nate Morris Is Disrupting The World's Toughest Industry: Garbage". Forbes. Retrieved 12 July 2016. 
  12. ^ Feldman, Amy (19 October 2016). "Next Billion-Dollar Startups 2016". Forbes. Retrieved 19 October 2016. 
  13. ^ Konrad, Alex (12 September 2017). "Trash Unicorn: Waste Startup Rubicon Global Hits $1B Valuation With $50M Raise". Forbes. Retrieved 12 September 2017. 
  14. ^ Sahlman, William A.; Ashmore, Hunter (2015-11-16). "Rubicon Global". 
  15. ^ "Morris Industries - Founder". Retrieved 25 December 2015. 
  16. ^ Quarandillo, Ann Mary. "Rubicon Global Founder Nate Morris Named Gatton College Entrepreneur-in-Residence". UKNOW. Retrieved 30 November 2016. 
  17. ^ Menin, Sophie (29 April 2013). "Benefit-Corporations on the Rise". Barron's. Retrieved 21 December 2015. 
  18. ^ "HBLR Presents: Benefit Corporations Conference". Harvard Business Law Review. Retrieved 3 March 2016. 
  19. ^ Bayens, Dan (17 February 2017). "Kentucky Entrepreneur Nate Morris Voices Support for Benefit Corporation Bill". GlobeNewswire. Retrieved 3 June 2017. 
  20. ^ "HB 35". Legislative Record. LRC. Retrieved 18 August 2017. 
  21. ^ "United States Junior Chamber Names 2013 Ten Outstanding Young Americans". Retrieved 25 December 2015. 
  22. ^ "40 Under 40 2014 - Nate Morris, 33". Retrieved 25 December 2015. 
  23. ^ "Kentucky Entrepreneur Hall of Fame". Retrieved 25 December 2015. 
  24. ^ "Lexington man named one of 2014 Young Global Leaders". Lexington Herald-Leader. 11 March 2014. Retrieved 25 December 2015. 
  25. ^ "Rubicon Global Founder and CEO Nate Morris named one of 100 Most Intriguing Entrepreneurs". GlobeNewswire. Retrieved 21 October 2016. 
  26. ^ "US Entrepreneur Of The Year 2016 Southeast regional finalist - EY - United States". Ernst & Young. Retrieved 9 May 2016. 
  27. ^ "Penton's Waste360 Unveils the First Annual 40 Under 40, the Next Generation of Leaders in the Waste and Recycling Space". PR Newswire. PR Newswire. Retrieved 2 May 2016. 
  28. ^ "Atlanta Business Chronicle names 2018 Most Admired CEO honorees". Atlanta Business Chronicle. 10 July 2018. Retrieved 18 July 2018. 
  29. ^ "Council on Foreign Relations - Membership Roster". Retrieved 25 December 2015. 
  30. ^ "12 YPO Members Named WEF Young Global Leaders". Retrieved 25 December 2015. 
  31. ^ "Board of Trustees". The Churchill Centre. Retrieved 10 August 2016. 
  32. ^ "Nate Morris Joins Gatton College Advisory Council". Retrieved 25 December 2015. [dead link]
  33. ^ "Endeavor Louisville - Board Members and Advisors". CrunchBase. Retrieved 20 February 2016. 
  34. ^ Konrad, Alex (10 January 2017). "Meet Rubicon Global, The Startup Using Uber's Playbook To Disrupt Your Trash". Forbes. Retrieved 18 January 2017. 
  35. ^ Koskoff, Maya (2 June 2016). "Why Did Leo DiCaprio Join a Garbage Start-Up—Literally?". Vanity Fair. Retrieved 21 June 2016. 
  36. ^ Zax, David (25 October 2014). "Dividing and Conquering the Trash". New York Times. Retrieved 21 December 2015. 
  37. ^ Bykowicz, Julie (28 May 2014). "Rand Paul Backer Trades Trash Contacts for Political Cash". Bloomberg News. Retrieved 21 June 2016. 
  38. ^ Goldmacher, Shane (18 June 2014). "Rand Paul's New Confidant". National Journal. Retrieved 25 December 2015. 
  39. ^ Goldmacher, Shane (18 June 2014). "Rand Paul's New Confidant". National Journal. Retrieved 25 December 2015. 
  40. ^ Peters, Jeremy; Martin, Jonathan (22 March 2014). "Paul Has Ideas, but His Backers Want 2016 Plan". New York Times. Retrieved 25 December 2015. 
  41. ^ Cheves, John (29 August 2004). "Kentucky 'Maverick' reels in serious cash for GOP campaign". Lexington Herald-Leader. Retrieved 25 December 2015. 
  42. ^ Cheves, John (29 August 2004). "Kentucky 'Maverick' reels in serious cash for GOP campaign". Lexington Herald-Leader. Retrieved 25 December 2015. 
  43. ^ Goldmacher, Shane (18 June 2014). "Rand Paul's New Confidant". National Journal. Retrieved 25 December 2015. 
  44. ^ Paul, Rand (26 May 2015). Taking a Stand: Moving Beyond Partisan Politics to Unite America. Center Street. p. 320. ISBN 1455549568. 
  45. ^ Kudlick, Ali. "Kentucky Entrepreneur Leads toward Conservative Environmentalism". Retrieved 28 December 2015. 
  46. ^ "MavPAC Announces Future 40 Award Recipients". Retrieved 28 December 2015. 
  47. ^ "Rubicon Global to participate in 2016 Concordia Summit alongside world's most prominent leaders and innovators". Rubicon Global. Retrieved 28 October 2016. 
  48. ^ "Nate Morris - Robin Hood Investors Conference". Retrieved 2 January 2016. 
  49. ^ "The World In 2016 Breakfast: Atlanta". Retrieved 2 January 2016. 
  50. ^ "Nate Morris to Speak at the Wharton School IGEL Conference". Retrieved 4 January 2016. [permanent dead link]
  51. ^ "Nate Morris Adresses AOZWI: Waste to Wealth Summit". Archived from the original on 30 December 2013. Retrieved 2 January 2016. 
  52. ^ "Enactus Fall Leadership Conference" (PDF). Retrieved 4 January 2016. 
  53. ^ "WASTECON 2015". Retrieved 2 January 2016. 
  54. ^ Szczepanski, Mallory; Bodamer, David (9 May 2017). "Key Takeaways from Day One of WasteExpo 2017". Waste360. Retrieved 3 June 2017. 
  55. ^ "Morris Industries - The Lewis Sexton Scholarship Fund". Morris Industries. Retrieved 28 March 2016. 
  56. ^ "Gatton United - Donors". Gatton United. Retrieved 28 March 2016.