Jack Wyant Explained

Jack Wyant
Birth Name:John H. Wyant
Birth Place:Hamilton, Ohio, United States
Alma Mater:Denison University
Occupation:Venture capitalist
Organization:Blue Chip Venture Company
Spouse:Peg Wyant
Children:Jack Wyant, Missy Wyant, Tim wyant, Chris Wyant

John H. “Jack” Wyant (born 1946) is an American businessman and venture capitalist who founded Blue Chip Venture Company in 1990.[1] As of 2013, he is the company's Managing Director.[2]

Early life and education

Wyant was raised in Hamilton, Ohio, and graduated from Garfield High School there in 1964. He attended Denison University from 1964 to 1968. Wyant was elected president of Phi Gamma Delta Fraternity in 1967, and he led his local chapter to accept its first African American member[3] in 1968; the fraternity had had a “White Christian” policy since 1848. He has 11 great grandchildren especially Sam Francis Wyant.

Career

After graduating from Denison, Wyant worked in brand management at the Procter & Gamble Company.[4] [5]

After Procter & Gamble, Wyant joined the Kings Island division of Taft Broadcasting Company.

In 1975, he helped create and managed a joint venture with the National Football Foundation, which resulted in the design, construction and operation of the College Football Hall of Fame .[6] [7]

In 1977, he graduated from Salmon P. Chase College of Law of Northern Kentucky University with his Juris Doctor.

At Taft, he founded Blue Chip Broadcasting,[8] a radio station group that grew to 20 stations including WIZF-FM. He later sold the company for $180 million.[9]

Wyant was the CEO of two venture-backed companies, Home Entertainment Network and Nutrition Technology Corporation. During this time he produced live sports and musical television specials, negotiated joint ventures, and in 1980, he launched a TV network for the Cincinnati Reds, Chicago White Sox, Blackhawks, Minnesota Twins and North Starts.

In 1990, Wyant founded Blue Chip Venture Company.[10] [11] By 2013 Blue Chip had invested $600 million in over 125 companies[12] through five venture funds,[13] including internet service provider Digex, application service provider USinternetworking, ShareThis, a sharing service on 2 million websites and Richwood Pharmaceutical, developers of Adderall[14]

Wyant is a member of the investment group Queen City Angels, has direct investments in approximately 20 private growth companies, and is a founding investor and director of CBank and of Grandin Properties, family-owned real estate development and management firm of which his wife, Peg, is the CEO.

Wyant is an investor in several sports enterprises, including the Major League Baseball franchise Cincinnati Reds[15] and the Major League Soccer franchise FC Cincinnati.[16] [17]

Wyant is a competitive squash player, and is ranked in US Squash doubles and in 2010 won the national father-son doubles squash century level. In 2011, he served as the U.S. team captain against Canada.

Writing

Wyant has written the books Corporate Governance Handbook for VCs and How to Sell a Business.

Awards

Wyant received a Denison Alumni citation for excellence in entrepreneurship in 1988, the Seal of the City, Cincinnati's highest honor in 1993, and a Lifetime Achievement award from the Greater Cincinnati Venture Association in 2002 for creating the venture capital industry in Cincinnati. In 2007 the Association for Corporate Growth awarded him the Master Dealmaker Award.

External links

Notes and References

  1. Web site: Company Overview of Blue Chip Venture Company, Ltd.. https://archive.today/20140901124520/http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=19227. dead. September 1, 2014. Bloomberg Businessweek. 6 February 2013.
  2. http://www.bizjournals.com/cincinnati/news/2013/07/30/blue-chips-nyc-deals-bring-companies.html?page=all Blue Chip's NYC deals bring companies to Cincinnati – Cincinnati Business Courier
  3. News: Watkins. Steve. Blue Chip launching its sixth venture capital fund. 6 February 2013. 10 January 2013.
  4. News: Peale. Cliff. Many Procter alums did big things without leaving town. 6 February 2013. Enquirer. 26 April 2003.
  5. Web site: Private investors fuel innovation. The Cincinnati Enquirer. January 19, 2003. McNair. James. October 7, 2019.
  6. News: College Shrine Will Be Unique. 6 February 2013. Observer Reporter. 29 June 1977.
  7. https://news.google.com/newspapers?nid=861&dat=19770629&id=7kdgAAAAIBAJ&sjid=D3ENAAAAIBAJ&pg=7189,5775807&hl=en "Electronics, Histories Included For New Hall"
  8. News: Black radio group makes second Columbus buy. 6 February 2013. Cincinnati Business Courier. 2 June 1997.
  9. News: BYCZKOWSKI. John. Blue Chip Venture Co. ascends into cyberspace. 6 February 2013. Cincinnati Enquirer. 23 May 1999.
  10. http://medcitynews.com/2010/06/blue-chip-venture-co-in-indianapolis-thats-allos-to-you/ Blue Chip Venture Co. in Indianapolis ... That's Allos, to you
  11. http://www.ibj.com/big-guns-behind-allow-ventures-fund/PARAMS/article/18792 Big guns behind Allow Ventures fund | Indianapolis Business Journal | IBJ.com
  12. http://news.cincinnati.com/article/20121003/BIZ/310030089/Blue-Chip-hopes-cash-in Cincinnati.com "Blue Chip hopes to cash in"
  13. News: Pilcher. Josh. Blue Chip seeking investors for new $50 million fund. 6 February 2013. Enquirer. 17 January 2013.
  14. News: Peale. Cliff. Another score for Blue Chip. 6 February 2013. Enquirer. 25 June 2004.
  15. News: Investors rounding out Reds ownership lineup. 6 February 2013. Business Courier. 13 March 2006.
  16. http://www.journal-news.com/news/news/middletown-mason-businessmen-invest-in-pro-cincinn/nnkjW/ "Middletown, Mason businessmen invest in pro Cincinnati soccer league"
  17. Web site: Ownership. FC Cincinnati. April 26, 2017.