Jason Calacanis
It has been suggested that This Week in Startups be merged into this article. (Discuss) Proposed since September 2021. |
Jason Calacanis | |
---|---|
Born | |
Nationality | American |
Citizenship | United States |
Alma mater | Fordham University (B.A.) |
Occupation | Angel investor / podcaster |
Spouse(s) | Jade Li (m. after 2006) |
Children | 3 |
Jason McCabe Calacanis (born November 28, 1970) is an American Internet entrepreneur, angel investor, author and podcaster.[1]
His first company was part of the dot-com era in New York, and his second venture, Weblogs, Inc., a publishing company that he co-founded together with Brian Alvey, capitalized on the growth of blogs before being sold to AOL and is an angel investor in various technology startups.
Early life[]
Calacanis was born in the Bay Ridge section of Brooklyn, New York, to parents of Greek and Irish origin, and has two brothers.[2]
He graduated from Xaverian High School in 1988. He then attended Fordham University, where he received a B.A. in psychology.[3]
Career[]
Calacanis started his career in the 1990s as a reporter covering the internet industry in New York.[4]
Calacanis co-founded the blog network Weblogs, Inc. with Brian Alvey on September 24, 2003, and the startup was supported by an angel investment from Mark Cuban.[5]
Two years after inception, the Weblogs, Inc. blogs business was generating $1,000 a day just from AdSense.[6] Time Warner's America Online agreed to buy Weblogs, Inc. in October 2005 for $25–30 million.[7]
Before forming Weblogs, Inc., Calacanis was founder and CEO of Rising Tide Studios, a media company that published print and online publications. During the dot-com boom, Calacanis was active in New York's Silicon Alley community, and in 1996 began producing the Silicon Alley Reporter. Originally a 16-page photocopied newsletter, it eventually expanded into a 300-page magazine, with a sister publication called the Digital Coast Reporter for the West Coast. Calacanis' socializing earned him a nickname as the "yearbook editor" of the Silicon Alley community.[8] The company also organized conferences in New York, Los Angeles, and San Francisco focused on the Internet, web, and New Media. With the end of the Dot-com bubble, Silicon Alley Reporter failed, and the company was sold out of bankruptcy to a private equity firm.[9]
On November 16, 2006, TechCrunch reported that Calacanis had resigned from his position as CEO of Weblogs, Inc. and general manager of Netscape.[10] Calacanis later confirmed this on his blog and the Gillmor Gang podcast.[11]
Calacanis joined Sequoia Capital, a venture capital firm, as an EIA (entrepreneur in action) in December, 2006,[12] a position which he held until May, 2007.[13] Through this program, Calacanis invested $25K in Travis Kalanick's company, Uber. The deal is now worth about $100 million.[4]
In 2007, Calacanis started an internet trend he called "fatblogging" after being fed up with being overweight.[14] Fatblogging is when a person loses weight by exercising and then posting their weight afterwards onto their blog for encouragement and support from commenters and other fatbloggers.[14]
He launched the web directory Mahalo ("thank you" in Hawaiian), which raised $20 million in venture capital from investors including Sequoia Capital, News Corp, CBS, Mark Cuban, and Elon Musk. The company hit a peak of 15 million unique visitors a month and achieved profitability in 2011, but suffered a sharp decline in traffic that year from the Google Panda search algorithm update and shut down in 2014.[15]
Calacanis founded ThisWeekIn.com, which shut down in 2012 but is live again and available as a weekly podcast.[16]
This Week in Startups (also called TWiSt) is a show hosted by Calacanis.[17][18]
He also founded a startup Inside.com which focuses on delivering thematic newsletters.[19] The company raised $2.6 million.[20]
In June 2019, Calacanis partnered with the NSW Government to create the Sydney Launch Festival for startups to give their pitches to global audiences.[21]
Angel investing[]
In 2009, Calacanis founded the Open Angel Forum, an event that connects early-stage startups with angel investors. The forum was the culmination of a series of public comments by Calacanis questioning the ethics of pay-to-pitch angel forums.[22] Calacanis believes startups shouldn't have to pay to pitch angel investors, calling out fees that can range from $1,000 to $8,000 for a single 10- or 15-minute presentation.[23][24] Calacanis is an angel investor in Robinhood, Wealthfront, Uber, Desktop Metal, Datastax, Thumbtack, Superhuman and Trello.[25]
Calacanis raised a $10 million fund for his own venture investment firm to invest in startups that emerged from the Launch conference.[26][27] Limited partners in the fund include David Sacks.[28] Following the success of the Launch conference,[29] Calacanis declared his intent to get closer and more involved in the new ventures that emerged from that conference.[30] The level of investment was around $25,000 to $100,000 in five to 10 startups per year.[31][32]
Calacanis publicly announced in 2018 that he had sold all of his Facebook stock, expressing sharp criticism of company CEO and co-founder Mark Zuckerberg on the Too Embarrassed to Ask podcast. He called Zuckerberg "completely immoral" in how he runs the business and said, "No founder should ever sell a company to him."[33]
Calacanis authored a book titled "Angel: How to Invest in Technology Startups—Timeless Advice from an Angel Investor Who Turned $100,000 into $100,000,000" on angel investing published by HarperCollins in 2017.[34]
In 2018, Calacanis invested in Calm, a meditation app that is valued at $1 billion.[35][36]
Personal life[]
Calacanis married Jade Li sometime between 2006 and 2009.[37][38] The couple has three kids.[39]
Publications[]
- Jason Calacanis, Angel: How to Invest in Technology Startups, Harper Business, 2017 ISBN 9780062560704
References[]
- ^ Jason Calacanis (November 28, 2005). "My retirement party". Jason Calacanis weblog. Retrieved April 21, 2006.
- ^ carpoolUK (2010-05-12), Jason Calacanis | Carpool, retrieved 2017-10-02
- ^ "Featured Discussion Leaders". The Media Center. 2007. Archived from the original on May 4, 2007. Retrieved June 6, 2007.
- ^ a b Manjoo, Farhad (2017-09-27). "Should the Middle Class Invest in Risky Tech Start-Ups?". The New York Times. ISSN 0362-4331. Retrieved 2019-06-04.
- ^ "6 Reasons Why You Should Know Jason Calacanis". Startup San Diego. 2017-06-06. Retrieved 2020-06-10.
- ^ Penenberg, Adam L.. (2007-09-01) Man vs. Machine | Fast Company | Business + Innovation. Fast Company. Retrieved on 2013-07-19.
- ^ Arrington, Michael (October 5, 2005). "AOL Acquires Weblogs, Inc". techcrunch.com. Retrieved 2010-06-14.
- ^ Grigoriadis, Vanessa (March 6, 2000). "Silicon Alley 10003". New York. Retrieved 2010-06-19.
- ^ Naraine, Ryan (October 8, 2001). "Silicon Alley Reporter Goes Under". ClickZ News; Incisive Interactive Marketing LLC. Retrieved 2010-06-19.
- ^ Arrington, Michael (November 16, 2006). "Jason Calacanis resigns from AOL". Tech Crunch. Retrieved 2010-06-19.
- ^ Farber, Dan. (2006-11-17) Jason Calacanis talks about leaving AOL and what's next. ZDNet. Retrieved on 2013-07-19.
- ^ Arrington, Michael (December 5, 2006). "Calacanis takes position at Sequoia Capital". Tech Crunch. Retrieved 2010-06-19.
- ^ Why Jason Calacanis Is Betting All His Chips On Web Video. The Rise to the Top. Retrieved on 2013-07-19.
- ^ a b Pham, Alex (June 15, 2007). "On 'fatblogs,' heavy people weigh in". Los Angeles Times. Archived from the original on December 27, 2020. Retrieved December 27, 2020.
- ^ Adam L. Penenberg (June 14, 2012). "Mahalo.com: Pivot or Die". Fast Company. Retrieved June 18, 2018.
- ^ Anthony Ha. "Jason Calacanis Says He Will Shut Down Podcast Network ThisWeekIn.com, This Week In Startups Will Continue". TechCrunch. AOL.
- ^ Walker, TJ. "Is Jason Calacanis the best talk show host on tv today media training?work=Forbes".
- ^ Fred Wilson (2011-07-09). "This Week In Startups". avc.com.
- ^ Mazarakis, Shontell, Anna, Alyson (2017-08-03). "How a founder went from being worth millions to -$10,000 almost overnight — then rebounded to a $100 million fortune". Business Insider. Retrieved 2019-10-27.
- ^ "Inside Inside's new local newsletters and its plans to keep scaling (with 750,000 active subscribers on board)". Nieman Lab. Retrieved 2019-10-27.
- ^ Alois, J. D. (2019-06-18). "Jason Calacanis' Launch Festival Takes Place in Sydney Australia this Week". Crowdfund Insider. Retrieved 2019-06-26.
- ^ Paul Boutin (December 6, 2009). "Calacanis Launches Open Angel Forum". VentureBeat. Retrieved August 11, 2010.
- ^ Adrianne Jeffries (December 12, 2011). "Pay-to-Pitch Comes Creeping Back: How Much Is Too Much?". Observer. Retrieved June 21, 2018.
- ^ Jason Calacanis (October 9, 2010). "Why startups shouldn't have to pay to pitch angel investors". Retrieved August 11, 2010.
- ^ Griswold, Alison. "At dim sum with angel investor Jason Calacanis, buying his book is mandatory". Quartz. Retrieved 2019-07-30.
- ^ Racism Denier Jason Calacanis Is Starting His Own VC Fund Archived 2013-06-08 at the Wayback Machine. Valleywag.gawker.com. Retrieved on 2013-07-19.
- ^ Entrepreneur Jason Calacanis raising a $10 million fund. FinancePlus (2013-06-04). Retrieved on 2013-07-19.
- ^ Launch founder Jason Calacanis raising $10 million venture fund Archived 2013-06-18 at archive.today. Techinvestornews.com (2013-06-03). Retrieved on 2013-07-19.
- ^ Launch founder Jason Calacanis raising $10 million venture fund. VentureBeat (2013-07-15). Retrieved on 2013-07-19.
- ^ Entrepreneur Jason Calacanis Raising a $10M VC Fund. Fox Business (2013-06-03). Retrieved on 2013-07-19.
- ^ Entrepreneur Jason Calacanis raising a $10 million fund. Reuters. Retrieved on 2013-07-19.
- ^ Private equity and venture capital news, data and community. peHUB (2013-06-03). Retrieved on 2013-07-19.
- ^ Eric Johnson (May 4, 2018). "Why did Jason Calacanis sell all his Facebook stock?". Recode. Retrieved June 15, 2018.
- ^ 1970-, Calacanis, Jason (2017-07-18). Angel : how to invest in technology startups-timeless advice from an angel investor who turned $100,000 into $100,000,000 (First ed.). New York, NY. ISBN 9780062560711. OCLC 993752430.CS1 maint: numeric names: authors list (link)
- ^ Levy, Ari (2018-03-26). "This meditation app is now worth $250 million and has Trump-related stress to thank". CNBC. Retrieved 2019-06-11.
- ^ LaVito, Angelica (2019-02-06). "Relaxation app Calm raises $88 million, valuing it $1 billion". CNBC. Retrieved 2019-07-30.
- ^ "Revenge of the Dotcom Poster Boy". Wired. ISSN 1059-1028. Retrieved 2021-06-11.
- ^ "Jade's first show! Invitation to OUT THERE Exhibit, June 12". Jason Calacanis. May 29, 2009.
- ^ "https://twitter.com/jason/status/1223002370268811265". Twitter. Retrieved 2021-06-11. External link in
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- General
- Brown, Eryn (January 2006). "Revenge of the Dotcom Poster Boy". Wired; Conde Nast Digital. Retrieved 2010-06-19.
External links[]
- This Week in Startups – podcast
- All In – podcast
- 1970 births
- Living people
- American bloggers
- American computer businesspeople
- Fordham University alumni
- Angel investors
- Weblogs, Inc.
- People from Bay Ridge, Brooklyn
- Xaverian High School alumni
- American technology company founders
- AOL employees
- American technology chief executives