Jack Abraham Explained

Jack Abraham
Birth Date:1986 2, mf=yes
Alma Mater:The Wharton School
Occupation:Managing Partner at Atomic, Executive Director at Thiel Fellowship
Known For:Founder and managing partner of Atomic
Website:Atomic

Jack Abraham is an American businessperson, serial entrepreneur, investor, and the founding and managing partner of startup studio and investment fund Atomic.

Career

In 1999, at the age of 13, Abraham began working summers, nights, and weekends at Comscore, a marketing analytics company co-founded by his father Magid Abraham.[1] [2]

In 2004, after working for his father, Abraham enrolled in the Wharton School at the University of Pennsylvania in Philadelphia, studying technical entrepreneurship. Three years later, in 2007, Abraham dropped out of Wharton to start, a local product search engine company, Milo.com.[3] [4]

Abraham then went on to be Head of Local at eBay. During his tenure, Abraham led the creation of the news feed for the site[5] as well as "brought an entrepreneurial mindset to eBay."[6]

In 2012, Abraham started Atomic Labs, a San Francisco-based startup studio and venture capital investment firm. With limited partners including Peter Thiel and Marc Andreessen, Atomic started with an initial fund of $20 million and has raised additional funds including $260 million in 2021.[7] Atomic has started dozens of companies, including Zenreach, TalkIQ, Playbook, and Hims & Hers Health.[8] Abraham is also the co-founder of Hims, which achieved a $1B valuation just 15 months after launch, making it the second fastest company to a $1B valuation in history.[9] [10]

In 2020, Abraham moved to Miami and has been credited with spurring others in Silicon Valley tech to move to Miami.[11] Abraham opened an Atomic office in the Wynwood neighborhood's The Annex. The Annex also houses OpenStore, an Atomic-backed company that Abraham co-founded with Founders Fund’s Keith Rabois.[12]

Abraham is also an angel investor in Pinterest, Postmates, Uber, and other companies and ventures. He was named one of the "100 Most Creative People in Business" by FastCompany[13] and has also been named to the Forbes' 30 Under 30 listing twice.[14] Abraham is executive director of the Thiel Fellowship.

Notes and References

  1. Web site: Adams. Susan. Milo.com Founder Jack Abraham and Father, ComScore Founder Magid Abraham: Is Entrepreneurship Inherited?. Forbes. 31 July 2017.
  2. Web site: Lee. Allen. 2021-03-06. 10 Things You Didn't Know about Jack Abraham. 2021-05-28. Money Inc. en-US.
  3. Web site: Adams. Susan. Jack Abraham Thinks He's Found A Better Way To Build Businesses. Forbes. 31 July 2017.
  4. News: Cain Miller. Claire. Milo, a Site to Help People Shop Offline, Attracts Investors. 2 August 2017. NY Times. Nov 24, 2009.
  5. News: Thomas. Owen. A Renegade Innovator Inside eBay Took A Team Of Six Halfway Around The Planet To Revamp Its Homepage. 31 July 2017. Business Insider. Business Insider. Feb 19, 2013.
  6. News: Mangalindan. JP. eBay loses head of local Jack Abraham. Fortune. Jan 28, 2013.
  7. News: Geron. Tomio. Jan 23, 2017. Atomic, With First Fund, Looks to Upend Venture-Capital Model. The Wall Street Journal.
  8. Web site: Atomic just raised $260 million more to build and fund its own companies. 2021-05-27. TechCrunch. en-US.
  9. News: Watchlist: Charitable Fashion, Self-Driving Tractors, and a Men's Health Unicorn. Wharton Magazine.
  10. News: Schleifer. Teddy. Hims is finalizing a $100 million fundraising round that values the company at $1 billion pre-money.. Recode. Jan 28, 2019.
  11. Web site: Cheng. Candy. The real story of how Atomic's Jack Abraham is turning Wynwood into the heart of Miami's tech scene. 2021-05-27. Business Insider. en-US.
  12. Web site: Cheng. Candy. Meet OpenStore, the new stealth Miami startup founded by Founders Fund VC Keith Rabois and Atomic's Jack Abraham. 2021-05-27. Business Insider. en-US.
  13. Web site: Sacks. Danielle. How Jack Abraham is Reinventing eBay. Fast Company.
  14. Web site: Forbes 30 under 30: Technology. https://web.archive.org/web/20130415005509/http://www.forbes.com/pictures/ellj45flll/jack-abraham/#370d5ebe6145. dead. April 15, 2013. Forbes.