A Snapshot Of Eric Lefkofsky’s Business Ventures And Donations To Charity

Erik Lefkofsky’s Background


Eric Lefkofsky is a technology entrepreneur and philanthropist. He was born in Detroit, Michigan and grew up in Southfield, which is a suburban community outside of Detroit. Eric finished school in Southfield and headed to study at the University of Michigan at Ann Arbor where he was at the top of his class. Done with his undergraduate studies, Eric went on to study at the University of Michigan Law School in Ann Arbor. He would get his law degree in 1993.


A Look At Some Notable Companies That Eric Lefkofsky Helped To Create


Groupon, the famous online company that offers exclusive deals to its members was co-founded by Eric Lefkofsky. He also served as the chairman of the company and helped provide the initial $1 million in funding to get the company off the ground. Groupon works by giving discounts to customers if enough of them agree to purchase a product or service. The business model behind Groupon can be thought of as quantity discounts to customers if a certain number of customers is reached.  This site facebook.com has more related articles about Eric.


According to forbes.com, Eric Lefkofsky is a major stakeholder in advertising firm, Media Ocean. This company provides its clients with advertisement purchasing, accounting, incorporation, analysis and communication. Media Ocean is based in New York City and handles an advertising budget of almost $130 billion from clients.


Mr. Eric Lefkofsky has also founded his very own venture capital investment company alongside Brad Keywell called Lightbank. This venture capital investment company focuses specifically on businesses that have to potential to develop disruptive technologies. This refers to the idea that new technologies can disrupt old ones and spur new innovation and thus boost productivity or offer some other net gain.


The Philanthropy Of Eric Lefkofsky


Eric Lefkofsky along with his wife, Liz Lefkofsky have established the Lefkofsky Family Foundation. It is a private charity that endows dozens of charities with millions of dollars in contributions. Educational opportunity, human rights, medical research and the arts are supported by the Lefkofsky Family Foundation. Teach for America, The Jewish United Fund, American Brain Tumor Association and the Aspen Art Museum are some of the organizations and charities that receive support from Eric and his wife.

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