Southfield, Michigan native Eric Lefkofsky is a very successful entrepreneur. He is best known for co-founding the popular website Groupon.com. The site is used every day by millions of people looking for deals and discounts. Lefkofsky is also CEO and co-founder of Tempus. Tempus is a technology company that has helped to improve the quality of life for countless people suffering with cancer. Some of the technology Tempus produces is used by physicians to personalize the cancer care they provide to their patients and make it much more effective.
Eric Lefkofsky became involved in business when he was an undergraduate at the University of Michigan. His first foray into business was selling carpet on campus. After earning his bachelor’s degree in 1991 and his juris doctor from the law school at the University of Michigan in 1993, Lefkofsky struck again. He borrowed money from family members and worked with schoolmate Brad Keywell to purchase Brandon Apparel, a Wisconsin-based apparel company. Lefkofsky and Keywell also founded Starbelly, an internet company through which they sold promotional products in 1999. They sold Starbelly for a significant profit the next year.
The duo were just warming up. In 2001 they started print procurement services company InnerWorkings. The company which served mid-sized businesses showed steady growth and went public in 2006. Lefkofsky and Keywell got together again in 2005 to start Echo Global Logistics, a freight logistics company. This company, too, was very successful and began trading publicly soon afterwards. In 2006 the duo founded media-buying technology company MediaBank. The next year the company bought Datatech and 6 years later merged with Donovan Data Systems in a $1.5 billion deal.
Eric Lefkofsky collaborated with Andrew Mason and invested $1,000,000 in a collective action website called ThePoint.com in 2007. The company changed its name to Groupon.com soon afterwards. Three years later Groupon was called history’s fastest growing company by Forbes when it was valued at $6 billion. Lefkofsky also went on to co-found Lightbank, a Chicago area venture firm in 2010, analytics company Uptake in 2014 and technology company Tempus in 2016.
Eric Lefkofsky is very generous with his money. In 2006, he and Elizabeth his wife, started the Lefkofsky Foundation. The charitable trust supports a variety of causes worldwide and is focused on children. The couple also joined The Giving Pledge in 2013. Eric Lefkofsky also supports numerous popular Chicago based social and business organizations and more information click here.