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Kevin P. Ryan

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Kevin P. Ryan
Alma materYale University, INSEAD
OccupationsFounder, CEO
Known forCEO at DoubleClick, founder of MongoDB, founder of Business Insider, founder of Gilt Groupe, founder of Zola, founder of AlleyCorp, vice chairman of Partnership for New York City, board director of Mercy Corps, director emeritus of Human Rights Watch

Kevin P. Ryan is an American executive and investor. Ryan was an executive at DoubleClick from 1996 to 2005.[1] Ryan co-founded AlleyCorp, a venture capital firm, in 2008, through which he has founded several New York–based businesses, including Gilt Groupe, Business Insider and MongoDB.

Career

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Ryan began his career working at United Media, where he launched the Dilbert website, based on the comic strip.[2] Ryan worked for Euro Disney in France, and as an investment banker with Prudential in the US and the UK.[3]

Starting in 1996, Ryan worked at DoubleClick as president and COO. In 2000, he became CEO.[3]  By 2005, DoubleClick had expanded from a 20-person startup to a publicly traded company with over 1,500 employees. DoubleClick was sold in 2005 for $1.1 billion to Hellman and Friedman LLC, and Ryan stepped down as CEO.[citation needed]

Investments

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In 2004, Ryan became an angel investor in TheLadders.com.[4] He also was an early investor and board member of HotJobs, which was purchased by Yahoo! for $436 million in 2002.[5]

After leaving DoubleClick, Ryan, along with former DoubleClick CTO and co-founder, Dwight Merriman, founded a network of three affiliated Internet companies of which he is chairman and CEO. AlleyCorp has expanded its mission to both found and invest in companies in New York City.

Gilt Groupe

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Founded by Ryan and Dwight Merriman in 2007, Gilt Groupe is an online shopping site which sells clothing, home decor, food, and travel services. Gilt Groupe secured over $240 million in total financing. Its investors include Matrix Partners, General Atlantic Partners, Softbank Group, New Enterprise Associates, Draper Fisher Jurvetson and Goldman Sachs.[6] In February 2014, Gilt Groupe was preparing for an IPO.[7] However, the company sold to the Hudson's Bay Company in January 2016 for $250 million.[8]

Business Insider

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Ryan and Dwight Merriman founded Business Insider in 2009 with Henry Blodget. Ryan was chairman of the board through its acquisition by Axel Springer SE for $442 million.[9]

MongoDB

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Ryan and Dwight Merriman founded MongoDB Inc. in 2007. Ryan served as chairman of the board through the company's initial public offering in 2017 at a $1.18 billion valuation.[10]

Recognitions

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In June 2009, Ryan was named Entrepreneur of the Year by Ernst & Young, LLP and In 2013 was named one of "The 100 Most Influential New Yorkers of the Past 25 Years" by the Observer.[11] Ryan was also named one of the "50 Most Influential Business People" by Crain's New York Business, and was included in Vanity Fair's "2011 New Establishment List".[12][13]

Personal

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Ryan earned his B.A. from Yale University in 1985 and his M.B.A. from INSEAD in 1990. He is a Fellow at Yale University's Trumbull College. Ryan lives in New York City with his wife and children.[citation needed]

See also

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References

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  1. ^ "Meet Kevin Ryan: The Man Behind the Rise of Gilt & DoubleClick". Mashable. 6 January 2011. Retrieved 15 April 2011.
  2. ^ "Venture Voice: VV Show #45 - Kevin Ryan of Panther Express, ShopWiki and Music Nation". www.venturevoice.com.
  3. ^ a b "DoubleClick Names Kevin Ryan New CEO" Archived 2007-04-03 at the Wayback Machine
  4. ^ "TheLadders.com Secures Funding" (Press release).
  5. ^ "Monster Buys Yahoo HotJobs For $225 Million In Cash". Business Insider. 6 January 2010. Retrieved 15 April 2010.
  6. ^ Rusli, Evelyn M. (9 May 2011). "Gilt Groupe Valued at Roughly $1 Billion". DealBook.
  7. ^ Strugatz, Rachel (13 February 2014). "Gilt IPO Puts Eyes on Flash Model". WWD. Retrieved 13 February 2014.
  8. ^ "Hudson's Bay Confirms $250 Million Acquisition of Gilt Groupe". Recode. 6 January 2016. Retrieved 15 April 2016.
  9. ^ Kafka, Peter (2015-09-29). "Sold! Axel Springer Bets Big on Digital, Buys Business Insider". Recode. Retrieved 2019-04-15.
  10. ^ Konrad, Alex. "MongoDB's IPO Gives New York Tech A Much-Needed Win As Shares Jump 25%". Forbes. Retrieved 2019-04-15.
  11. ^ Notes On The Road "Internet Entrepreneur Kevin Ryan on Balancing Success & Family Life"
  12. ^ "40 Under 40 Class of 2001". Crain's New York Business. 30 July 2018. Retrieved 2019-04-15.
  13. ^ "The 2011 New Establishment List: And the Top Spot Goes to..." Vanity Fair. September 2011. Retrieved 2019-04-15.
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