Eric Lefkofsky is one of the most prolific entrepreneurs in America. He is in total the co-founder of seven companies. The seven companies are namely Tempus, Groupon, Echo Global Logistics, InnerWorkings, Mediaocean, Uptake and Lightbank. He is currently the CEO of Tempus and Chairman of Groupon.
Lefkofsky had an entrepreneurial and business bent of mind since the early start of his career when he sold carpets during his years at the University of Michigan. After he completed his law studies in 1993, Lefkofsky and his friend Brand Keywell bought an apparel company in Madison, Wisconsin by borrowing money from relatives. In 1999 Lefkofsky and Keywell started another business venture when they started Starbelly which dealt with internet promotional products. Starbelly had a booming start and grew exponentially. They sold the flourishing company to Halo Industries after which Lefkofsky joined Halo as the Chief Operating Officer. However, after few years the company became bankrupt.
After the downfall Starbelly, Lefkofsky went on to co-found InnerWorkings in 2001. InnerWorkings is a pure marketing firm which serves about 500 brands belonging to various types of industries. The company has its branches across, North America, South America, Europe and Asia. In 2005, Lefkofsky and Keywell founded the Echo Global Logistics or Echo which offers web-based technology supported transportation and supply chain management services. Echo was successful in attracting a major client New Enterprise Associates which is the large tech investor of the U.S.
In January 2007, Lefkofsky gave about $1,000,000 to Andrew Mason for starting the online e-commerce marketplace ThePoint.com which is now famous as Groupon. The e- commerce marketplace connects its subscribers with the merchants by providing activities, travel and various services all across 28 countries.
According to Forbes, Lefkofsky has been involved in millions of dollars of charities for cancer patients. After leaving Groupon, he is now completely focused on building a health tech startup for modernizing and accelerating the cancer cure. Tempus is helping doctors to make smart and accurate decisions based on analyzing personalized data and genetic codes of the patients using cutting edge sequencing of genomes. Tempus helps in the better analyzing of the genetic code by using statistical analysis to provide more accurate and personalized medication. Currently, Tempus is working with breast, lung and pancreatic cancers with more plans to expand options.
Lefkofsky is a well-known philanthropist and donated about $1.2 million to University of Michigan for research in cancer, $250,000 to New York’s Weill Corner Medicine, $500,000 to support gastric cancer research at Stanford University.
Lefkofsky also is an excellent teacher and loves teaching in business schools. He taught disruptive business models at De Paul University and Kellogg School of Management. He is also the author of the book “Accelerated Disruption” which deals with disruptive businesses. The book mainly deals with how young, vibrant startups can go downhill because of challenges of fast technology in spite of the brilliant ideas behind them. In the book, he has discussed various potent mantras on how to deal with the fast growing technology in future so that you can keep your company thriving.