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Showing posts with label pat ryan jr. Show all posts
Showing posts with label pat ryan jr. Show all posts
Tuesday, September 20, 2016
Saturday, April 16, 2016
Sunday, November 22, 2015
Wednesday, July 22, 2015
Monday, May 11, 2015
Founder of Inc. 500 #1 Fastest-Growing Company in Chicago Leaving to Start Next Big Thing
Founder of Inc. 500 #1 Fastest-Growing Company in Chicago Leaving to Start Next Big Thing
Many of us wait with bated breath for the annual Inc. 500 rankings to see who’s rising through the ranks faster than the rest – and how many of them are coming from the city we love. Chicago (and Illinois)'s #1 Inc. 500 company was also the #3 fastest-growing software company in the entire U.S., MAX Digital.
Then, not long after being honored at the annual Inc. 500 conference, founder Pat Ryan turned over the reins to his management team and left in order to start something he expects to be even bigger.
The Rise of MAX Digital
Pat Ryan with Inc. Editor Eric Schurenberg
MAX Digital is Chicago’s #1 fastest-growing company. It develops cloud-based digital marketing and retailing software for the automotive industry, changing the way people buy and sell cars. The company, founded in late 2010, did $6.6M in revenue in 2013 according to Inc magazine (the company reportedly did over $20M in revenue in 2014)
MAX was created out of INCISENT Labs, which builds companies that fundamentally reimagine and reengineer conventional business practices and develop groundbreaking new products that transform industries. INCISENT is no stranger to the Inc. 500: In 2008, its company, FirstLook, was named the #4 fastest-growing software company in the U.S. (MAX Digital is #3 this year).
What's bigger than being #1 on Inc. 500?
During 2014, Pat split his time between MAX Digital and a small team at INCISENT Labs working on what Pat calls an even bigger opportunity than MAX. The team is spinning out the new company in May 2015 and is creating next generation product search technologies for the mobile world leveraging machine learning and the Amazon cloud.
The new company's ambitions sound more like a Silicon Valley "moonshot" - change the world or die trying - than a typical Chicago startup. With $2.5M of seed funding secured, Pat is recruiting an elite team of engineers, including many he's worked with before (if you're interested, click here to learn more).
Why does the founder leave a company at one of its most exciting times?
Pat describes himself as a "product founder" focused on creating/building innovative products. Innovative products have been at the root of MAX Digital's early success. The next stage for MAX is about scaling B2B sales and marketing, an area that's not as close to Pat’s heart.
He's leaving MAX Digital in the hands of its new Executive Chairman, SAVO Founder John Aiello and longtime INCISENT Labs COO and former Navy SEAL commander Steve Fitzgerald, who Pat expects to take MAX to new levels.
Who is Pat Ryan?
Pat Ryan talks with Sam Yagan of OkCupid at Chicago Founders’ Stories
Pat Ryan may be the most famous Chicago entrepreneur you don’t know.
He is a two-time technology and three-time social entrepreneur, Chairman and co-lead investor at Chicago Ventures, a member of the Executive Committee of 1871, and the creator and host of the popular Chicago Founders’ Stories series. Each month, he sits down with some of Chicago’s best founders (Sam Yagan of OkCupid, Chuck Templeton of OpenTable and Andrew Sieja of kCura, to name a few) and shares their stories with the Chicago community.
He also shares videos of the conversations and riveting commentary on his blog, Cooler by the Lake, and on Twitter @PatRyanChicago.
Beth Santos is founder and CEO of Wanderful, a global community for women who travel. She is the digital marketing coordinator for Chicago Founders’ Stories, which showcases conversations with the most interesting and accomplished founders in Chicago. Come stop by and say “hi” at their monthly events at 1871.
Tuesday, February 17, 2015
Monday, January 26, 2015
1871 CEO Howard Tullman with Pat Ryan on Founders' Stories
1871 CEO Howard Tullman
–December 2013 Founders’ Stories—
The vastly talented entrepreneur has spent his life creating companies. Here’s why 1871 is the next place to take his heart.
Our December 2013 guest was Howard Tullman, the new CEO of 1871 and an accomplished entrepreneur and venture capitalist. He’s held the title of CEO of a number of companies, including Tunes.com, CCC Information Services, and Cobalt Group — and that’s just the beginning of the list. And believe it or not, his first ten years in the professional world years were actually spent practicing law.
In this edition of Chicago Founders’ Stories, we spent some time learning about some of his early startups, Cobalt Group (which recently sold to ADP for $400M) and Tunes.com, and hearing what brought him to 1871 and why Chicago is a great place for startups.
Don’t miss his thoughts on how to implement grand “whiteboard ideas”, the importance of hard work and passion over anything else, and why he believes Chicago’s premier tech incubator is a very special place.
Content Breakdown:
0:00 Howard’s backstory
15:45 How Howard moved from being a lawyer to working in the auto insurance technology industry
22:40 What to do when a perfect whiteboard idea doesn’t work out
36:06 On Cobalt and managing the vertical chain
44:08 On founding Tunes and finding the future in digital music
49:15 Q+A
Essential Quotes:
“When you raise money, if things go super well it will cost you 10x more money.” @tullman with @patryanchicago http://bit.ly/1b9xgeE Tweet this
“Tunes was one of the worst adventures and best adventures of my life.” @Tullman at @ChiFounders with @PatRyanChicago http://bit.ly/1b9xgeE Tweet this
“You think it’s easy to construct 30 years of reviews, photographs, etc. No one can do that.” @Tullman on Tunes http://bit.ly/1b9xgeE Tweet this
“Hard work wins over just about everything, including native brilliance and fabulous ideas.” @Tullman at @ChiFounders http://bit.ly/1b9xgeE Tweet this
“We may not outsmart everybody, but we will outwork them.” @Tullman to @PatRyanChicago at @ChiFounders http://bit.ly/1b9xgeE Tweet this
“You can train people to do things, but you can’t train them to care.” @Tullman at @ChiFounders with @PatRyanChicago http://bit.ly/1b9xgeE Tweet this
What @Tullman looks for in promising entrepreneurs: “Work ethic and passion.” @ChiFounders @PatRyanChicago http://bit.ly/1b9xgeE #startups Tweet this
“I couldn’t be more excited about #Chicago. I think both of the coasts suck.” @Tullman on #startups at @ChiFounders http://bit.ly/1b9xgeE Tweet this
“I don’t think there’s a better place you could be right now to start a company [than #Chicago]” @Tullman on #startups http://bit.ly/1b9xgeE Tweet this
“Everything in the world is an iterative process.” @Tullman to @PatRyanChicago at @ChiFounders http://bit.ly/1b9xgeE Tweet this
“I think @1871chicago is a completely special place.” @Tullman at @ChiFounders with @PatRyanChicago #startups http://bit.ly/1b9xgeE Tweet this
Wednesday, October 08, 2014
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