Jared Hecht Explained

Jared Hecht
Birth Date:, March 11th[1]
Nationality:American
Occupation:Businessman
Alma Mater:Columbia University
Known For:Founder of Fundera, Co-founder of GroupMe

Jared Hecht is an American entrepreneur, and the co-founder and CEO of Fundera, an online small business lending aggregator as well as group messaging app GroupMe.[2]

Early life

Hecht studied political science at Columbia University, where he received his bachelor's degree in 2009.[3] While a student at Columbia, he was the managing director and publisher for the university's student-written guidebook, Inside New York.[4]

Career

Hecht was an early employee at Tumblr and led business development.[5] [6] In 2010, Hecht co-founded group messaging app, GroupMe, which allows users to create a private group to which they can send text messages or make conference calls, with his friend Steve Martocci, founder of Blade and Splice who was then a software engineer with Gilt Groupe. They won the South by Southwest breakout ward in 2011. The two raised $11 million from Khosla Ventures and General Catalyst in 2011.[7] After being live for 370 days, Microsoft purchased GroupMe for $80 million.[8]

One of Hecht's early hires at GroupMe, Zach Sims, also a Columbia alumnus, went on to found the online code-learning platform Codecademy.[9]

Hecht later became an angel investor and invested in companies such as Sweetgreen, TransferWise, and Flatiron Health.[10] [11] In October 2013, he launched Fundera, an online broker that helps small businesses get loans from non-bank lenders, after seeing a family member struggle with bank loans, and raised a total of $18.9 million for his platform from investors such as Khosla Ventures, First Round Capital, David Tisch, and more.[12] [13] A year since it was launched, the company has secured more than $60 million in credit for 1,200 small-business owners.[14]

In 2015, he was named in Forbes "30 under 30" list for the Consumer Tech category.[15]

Personal life

He is married to Carrie Weprin, a film producer, and the couple live in Brooklyn with their two children.[16] [17]

Notes and References

  1. https://mixergy.com/interviews/fundera-with-jared-hecht/ GroupMe founder on his $80M exit (and why he's building his new company differently)
  2. Web site: D'Onfro. Jillian. How 20-Something Serial Entrepreneur Jared Hecht Boosted His Startup's Success By Over 5X. 2020-06-09. Business Insider.
  3. Web site: Jared Hecht '09 - Columbia College Today. 4 June 2019. www.college.columbia.edu.
  4. Web site: 2014-03-27. An Angel in New York: Jared Hecht. 2020-06-09. AlleyWatch. en-US.
  5. Web site: 24 August 2016. Jared Hecht, Co-Founder & CEO of Fundera. 4 June 2019. ventureforamerica.org.
  6. Web site: Zimmerman. Eilene. 27 June 2011. Jared Hecht and Steve Martocci, Founders of GroupMe. 4 June 2019. Inc.com.
  7. Web site: GroupMe Scores $10.6 Million From Khosla Ventures And Others. 2020-06-09. TechCrunch. en-US.
  8. Web site: Shontell. Alyson. Feb 6, 2014. 26-Year-Old Jared Hecht Sold His First Startup For ~ $80 Million In 370 Days, And He Has Raised $3.4 Million For A New Venture. 4 June 2019. Business Insider.
  9. Web site: Zhang. Maggie. 9 Startup Lessons From The Founder Of Codecademy. 2021-08-21. Business Insider. en-US.
  10. Web site: How Jared Hecht's Fundera is transforming how small businesses find financial solutions. 2020-06-09. Built In NYC. en.
  11. Web site: Ewan. 2017-06-21. Jared Hecht of Fundera. 2020-06-09. FinTech Profile. en-GB.
  12. Web site: Michael. del Castillo. Oct 16, 2015. The importance of not being an arrogant jerk when raising capital. 2020-06-09. New York Business Journal.
  13. Web site: 2017-08-29. Jared Hecht '09CC, Founder of Fundera. 2020-06-09. Columbia Entrepreneurship. en-US.
  14. Web site: Kosoff. Maya. A 20-something sold his first company for $80 million in 370 days — now he's raising $11 million for his new startup. 2020-06-09. Business Insider.
  15. Web site: CONSUMER TECH. Forbes.
  16. News: 2011-09-03. Carrie Weprin, Jared Hecht. en-US. The New York Times. 2020-06-09. 0362-4331.
  17. Web site: Bios. 2020-06-09. Once in a Blue. en-US.