Brad Keywell

Brad Keywell (born October 1969) is an American entrepreneur. He is the founder and executive chairman of Uptake Technologies, an industrial AI software provider. He is an early investor[1] of Tempus Labs,[2] co-founder of Groupon,[3] Echo Global Logistics, Mediaocean,[4] DRIVIN, and Lightbank. He is the founder of WNDR Museum[5] and Chicago Ideas.[6] As of December 2021,[7] his net worth was estimated at US$ 2.7 billion.[8] Keywell is the recipient of the 2019 EY World Entrepreneur Of The Year award,[9] after receiving the overall USA EY Entrepreneur of the Year award in 2018.[10]

Brad Keywell
BornOctober 1969 (age 5354)
Alma materUniversity of Michigan (BBA & JD)
Occupation(s)Founder and executive chairman, Uptake Technologies
Websitebradkeywell.com

Early life and education

Keywell grew up in Bloomfield Hills, Michigan, and attended Cranbrook Schools. He studied at the London School of Economics in 1990, received a Bachelor of Business Administration in 1991 from the University of Michigan[11] and a Juris Doctor cum laude in 1993 from the University of Michigan Law School. He is a member of the State Bar of Michigan and the State Bar of Illinois.[12]

Career

Keywell started his first business at age 7, a greeting card company called Key Creations.[13] He started several businesses while an undergrad student at the University of Michigan.[14][15]

As a freshman, he met Sam Zell and proceeded to spend part of his summers as an intern for Sam Zell's Equity Group Investments. Sam became an important mentor to Keywell for the following 35 years until Zell's passing in 2023.[16][17] In addition, Keywell served on the Board of Directors of Sam Zell's Equity Residential (NYSE: EQR), a S&P 500 Company, for ten years.[18]

In 1999, Keywell and Eric Lefkofsky co-founded Starbelly, an online supply chain management firm, which was acquired in January 2000 by HA-LO (NYSE:HMK) for $240 million.[19]

In February 2005, Keywell co-founded Echo Global Logistics,[20] a technology-enabled provider of transportation and logistics services, which had an IPO on NASDAQ in 2009.[21] Keywell was the founding CEO, then served as the Chairman of the Board and lead independent director until 2017.[22] Echo was acquired in 2021 by The Jordan Company for $1.3 billion.[23]

In June 2006, Keywell co-founded MediaBank, a SaaS provider to the advertising and media buying industry, serving as the founding CEO and then on the Board of Directors until the company's sale. In 2012, a merger between MediaBank and Donovan Data Systems (DDS) created Mediaocean, and in 2014, Vista Equity Partners acquired MediaOcean.[24][25]

In 2007, Keywell co-founded Groupon,[26] the collective buying platform, which Forbes called 'The Fastest Growing Company Ever' in 2010.[27] Groupon had an IPO on NASDAQ in 2011[28].[29] Keywell served on Groupon's Board of Directors from its inception through 2017.[30]

In February 2010, Keywell co-founded Lightbank, a technology venture capital and private equity firm, and was a Managing Director through 2018.[31] Lightbank's portfolio includes early-stage investments in Sprout Social (NASDAQ:SPT), Udemy (NASDAQ:UDMY), Coffee Meets Bagel, Benzinga (sold to Beringer Capital), Reverb (sold to Etsy), Fooda, EventUp (sold to Gather), BenchPrep, Zeel, and TastyTrade (sold to IG Group).[32]

In 2013, Keywell co-founded DRIVIN, an automobile data analytics company. In 2016, KAR Auction Services (NYSE:KAR) acquired DRIVIN for $43 million.[33]

In 2014, Keywell co-founded founded the industrial AI software company Uptake valued at over $2.3 billion.[34][35] Uptake's applications are featured in the Microsoft Energy Core suite.[36] Uptake was named the Hottest Startup of the Year by Forbes in 2015.[37] Uptake was named a CNBC Disruptor 50 winner for three consecutive years,[38] including the #5 ranked CNBC Disruptor in 2017.[39] Keywell was named a Technology Pioneer by the World Economic Forum in 2017.[40]

In 2015, Keywell was an early investor in Tempus Labs,[41][42] an AI-enabled precision medicine company,[43] and was on its Board of Directors from inception until 2019. Tempus was named to the CNBC Disruptor 50 list in 2021,[44] and has raised over $1 billion in capital from investors including Google, Franklin Templeton, and T.Rowe Price.[45]

In September 2018, Keywell founded WNDR Museum, an experiential art museum located in Chicago’s West Loop.[46] WNDR has since expanded to include WNDR Museum locations in San Diego, Seattle, and Boston, and has announced plans for further expansion.[47]

Teaching & Writing

Keywell is an adjunct professor at the Booth School of Business at the University of Chicago.[48]

He is the author (with his daughter Chloe) of the book Isabelle Speaks Up: A Story of Possibilities,[49] and of Biz Dev 3.0: Changing Business as We Know It, published by ALM Publishing.[50]

He is the host of a podcast, The Upside, and a participant of the Renaissance Weekend and the TED Conference.[51]

Philanthropy

In 2014, Keywell created the Keywell Foundation to support nonprofit and NGO enterprises.

In 2015, Brad Keywell signed The Giving Pledge to donate more than half of his wealth to charity.[52]

He is the founder and chairman of Chicago Ideas, an innovation and ideas platform with over 30,000 in-person attendees annually and global reach through its online channels.[53]

He is Founder and Chairman Emeritus of the Future Founders Foundation, providing entrepreneurial education to students in Chicago.

Keywell was named Chairman of the Illinois Innovation Council by Illinois Governor Pat Quinn.[54]

Awards & Recognition

Keywell was the EY World Entrepreneur of the Year in 2019,[55] after being named the EY Overall US Entrepreneur of the Year in 2018.

Keywell was named to the Chicago Innovation Hall of Fame in 2021.[56]

Keywell was featured in a commercial for the CNBC 30th Anniversary Future of Business series in 2020.[57]

Keywell was named a Technology Pioneer by the World Economic Forum in 2018.[58][59]

References

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  2. "Tempus | AI-enabled precision medicine". Tempus. Retrieved 2023-07-07.
  3. Taylor, Charile. "US tech veteran named EY World Entrepreneur of the Year for 2019". Irish Times.
  4. Miller, Ben. "GE and Uptake agree to make nice, settle opposing lawsuits". Chicago Business Journal. Retrieved August 5, 2019.
  5. "Brad Keywell". Forbes. Retrieved 2023-07-07.
  6. "Bradley A. Keywell | Samuel Zell and Robert H. Lurie Institute for Entrepreneurial Studies". zli.umich.edu. Retrieved 2023-07-07.
  7. Bekemeyer, Jake (2021-12-01). "Billionaires Club". DBusiness Magazine. Retrieved 2023-07-07.
  8. "Brad Keywell". wallmine. 18 August 2020.
  9. "Brad Keywell, CEO, Uptake Technologies, Inc". www.ey.com. Ernst & Young.
  10. "Entrepreneur of The Year: Strategic Growth Forum". Bridget Ross. 2019-04-02. Retrieved 2023-07-07.
  11. Lev-Ram, Michal. "The race to the Internet of things". Fortune. Retrieved 2017-07-18.
  12. "Bradley A. Keywell | Samuel Zell and Robert H. Lurie Institute for Entrepreneurial Studies". zli.umich.edu. Retrieved 2017-07-18.
  13. "Tech Marathoners: Brad Keywell". deal architect. Retrieved 2023-07-07.
  14. "How Groupon co-founder got his start in Ann Arbor (and what he thinks about Michigan now)". AnnArbor.com. Retrieved 2023-07-08.
  15. "University of Michigan grads, co-founders of Groupon, could become billionaires after IPO". AnnArbor.com. Retrieved 2023-07-08.
  16. ".@bradkeywell: How Sam Zell Became My Startup Mentor". Wall Street Journal. 2013-05-23. ISSN 0099-9660. Retrieved 2023-07-07.
  17. "Sam Zell, My Mentor (and His Two Final Gifts to Me)". www.linkedin.com. Retrieved 2023-07-07.
  18. "EQR Company Profile & Executives - Equity Residential - Wall Street Journal". www.wsj.com. Retrieved 2023-07-07.
  19. "Ha-lo Buys Starbelly.com". Chicago Tribune. January 24, 2000.
  20. "Echo Global Logistics To Be Acquired By The Jordan Company For $1.3B". markets.businessinsider.com. Retrieved 2023-07-07.
  21. Adest, SA Editor Abbi (2009-09-29). "Echo Global Logistics Expected to Deliver IPO This Week (NASDAQ:ECHO) | Seeking Alpha". seekingalpha.com. Retrieved 2023-07-07. {{cite web}}: |first= has generic name (help)
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  24. Joe Mandese (September 25, 2011). "Rivals Donovan And MediaBank Merge To Form 'MediaOcean,' Will Develop New 'OS' For Madison Avenue". MediaPost News.
  25. Liyakasa, Kelly. "Mediaocean Acquired By Private Equity Firm Vista". Ad Exchanger. Retrieved June 29, 2015.
  26. Wakelee-Lynch, Joe (2016-07-06). "Brad Keywell, Groupon Co-founder". LMU Magazine. Retrieved 2023-07-07.
  27. Steiner, Christopher. "Meet The Fastest Growing Company Ever". Forbes. Retrieved 2023-07-07.
  28. Pepitone, Julianne. "Groupon spikes 31% in IPO". CNNMoney. Retrieved 2023-07-07.
  29. Pepitone, Julianne. "Groupon spikes 31% in IPO". CNN Money. Retrieved November 4, 2011.
  30. "Groupon co-founder Brad Keywell leaves board amid other director shifts". Chicago Tribune. 2017-11-01. Retrieved 2023-07-07.
  31. "Lightbank - Portfolio". lightbank.com.
  32. Rao, Leena (2012-12-23). "Lightbank Aims To Change The VC Game As It Expands Its Investments Beyond Chicago". TechCrunch. Retrieved 2023-07-07.
  33. "KAR Acquires DRIVIN to Bolster Data Analytic Capabilities and Strengthen Leading Remarketing Platform". Global Newswire. Retrieved April 19, 2017.
  34. Scott, Alwyn. "U.S. startup Uptake valued at $2.3 billion in new funding round". U.S. Retrieved 2018-05-16.
  35. Lee, Thomas (July 8, 2020). "AI is Disrupting the Marketplace -". Strategy.
  36. Corporation, Microsoft. "Microsoft | Energy Core Partner - Uptake Technologies Inc". Microsoft | Energy Core. Retrieved 2023-07-07.
  37. Mui, Chunka. "Thinking Big About The Industrial Internet Of Things". Forbes. Retrieved 2023-07-07.
  38. staff, CNBC com (2019-05-15). "Uptake 2019 Disruptor 50". www.cnbc.com. Retrieved 2023-07-07.
  39. CNBC (2017-05-16). "The 2017 CNBC Disruptor 50 list of companies". www.cnbc.com. Retrieved 2023-07-07.
  40. "Uptake wins global honor". Crain's Chicago Business. 2017-06-13. Retrieved 2023-07-07.
  41. "Our History". Tempus. 2023-07-11. Retrieved 2023-07-11.
  42. "UNITED STATES SECURITIES AND EXCHANGE COMMISSION". SEC. 2023-07-11. Retrieved 2017-06-13.
  43. Bertagnoli, Lisa. "Life after Groupon: Eric Lefkofsky and Brad Keywell". Chicago Business. Retrieved August 24, 2018.
  44. staff, CNBC com (2021-05-25). "16. Tempus". CNBC. Retrieved 2023-07-07.
  45. "Google, Others Invest $200M in Tempus, Bringing Its Valuation to $8B+ | Built In Chicago". www.builtinchicago.org. Retrieved 2023-07-07.
  46. Silver, Kate. "Lights, cameras, interaction: Exploring Chicago's Instagrammable Wndr museum". The Washington Post. Retrieved November 14, 2019.
  47. Cutler, Sumaia Wegner & Kelly (2022-12-08). "Interactive WNDR Museum to open first west coast location in San Diego". The Daily Aztec. Retrieved 2023-07-07.
  48. "Teaching the Secrets of Successful Serial Entrepreneurship".
  49. Isabelle Speaks Up: A story of possibilities. - Chloe Keywell, Kimberly Stace, Brad Keywell • BookLikes (ISBN:144869681X).
  50. Keywell, Brad (2001). Biz Dev 3.0 - Brad Keywell. ISBN 0970597010.
  51. "Brad Keywell's TED Recommendations". www.ted.com.
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  53. "Chicago Ideas". Chicago Ideas. Retrieved 2018-05-16.
  54. "Governor Quinn Announces Creation of Illinois Innovation Council". State of Illinois. February 16, 2011. Archived from the original on November 29, 2014.
  55. Bounds, Andy. "AI software founder wins world entrepreneur award". Financial Times.
  56. "Brad Keywell". Chicago Innovation. Retrieved 2023-07-07.
  57. "CNBC 30 The Future of Business Brad Keywell". www.cnbc.com. Retrieved 2023-07-07.
  58. "Infosys - World Economic Forum 2020 | Brad Keywell". www.infosys.com. Retrieved 2023-07-07.
  59. "Uptake wins global honor". Crain's Chicago Business. 2017-06-13. Retrieved 2023-07-07.
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