Eric Lefkofsky From Entrepreneur To Anthropologist

Eric Lefkofsky was born in Detroit Michigan on September 2, 1969. He was raised for most of his childhood in Southfield, Michigan. His father was a structural engineer and his mother was a school teacher. He has a sister that went on to be a school teacher, and a brother than went on to become a lawyer. He obtained his high school diploma from Southfield-Lathrup High School in 1987. He Then obtained his Bachelors Degree from the University of Michigan in 1991. He continued his education at the University of Michigan Law School to obtain his Juris Doctor. During his college years, he started making money by reselling rugs.

 

He started Starbelly in 1999 during the early Dot com bubble. The company sold many online promotional products. The life of the company only lasted a year and was sold off to Halo Industries. Eric continued to work with Halo Industries for a few years after the sale.

 

Eric Lefkofsky founded the print procurement company InnerWorkings in 2001. The company mainly dealt with medium sized companies and had steady growth. The company went on to being a Fortune 500 that earns over $1 billion per year. They have many high profile clients like The North Face, FedEx Office, Kroger, Energizer and Pizza Hut. Eric was still with this company until 2012.

 

Echo Global Logistic was created by Lefkofsky (http://finance.yahoo.com/news/eric-lefkofsky-liz-lefkofsky-funding-220405129.html) in 2005. This company is a very successful supply chain management company that serves the entire nation. They have over 30 locations in the United States and has expanded by acquiring many companies over the years. They have developed many proprietary logistics technologies that make them ahead of the competition.

 

Lefkofsky is the cofounder of the company Groupon (originally ThePoint.com). His initial investment in the company was a mere $1 million. Groupon connects subscribers to smaller e-commerce businesses. They offer deals for activities, travel, goods and services and they are operational in 28 different countries. Groupon has grown to have over $3.2 billion in revenue per year by 2014. In 2015, Eric had to step down as the CEO of Groupon to focus on his other ventures.

 

Lightbank was then started by Lefkofsky and his partner Brad Keywell in 2010. Lightbank is a venture capital group that invests in American technology startups. They have a more hands-on approach towards their investments. They have primarily invested in companies located in Chicago, New York City, Omaha and the Bay Area of California.

 

Eric and his wife have been involved with charitible causes since 2006. They started Lefkofsky Foundation to tackle world issues such as poverty, education and cancer treatment. Their group have given financial aid to over 50 different entities, primarily those involved with cancer research. One of their largest donations was giving $7 million to the Steppenwolf Theatre Company in Chicago. They have also given direct funding to cancer research projects in amounts that vary between $100,000 to $1 million.

 

Eric’s new venture is his medical software company Tempus. He founded the company in 2016 with his friend Keywell. The company is designed to aid doctors keep up with current cancer research by referencing genetic results within their research database. One of their primary partners is the Cancer Center of Northwestern University.

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