Spencer Trask & Co.
Spencer Trask & Co. is a privately held advanced technology development company.
| Industry | Financial services |
|---|---|
| Founded | 1982  |
| Headquarters | Greenwich, CT , United States |
Key people | Kevin Kimberlin (Chairman) William Clifford (CEO) |
| Services | Build advanced technology companies |
| Website | spencertraskco |
Members and affiliates of Spencer Trask & Co. are founders of, advisors to, and investors in private and public companies through direct investments and numerous limited liability companies.
Spencer Trask & Co., has been a partner in the formative stage of genomics with Myriad Genetics,[1] healthcare reform with Health Dialog,[2] patent development with Intellectual Ventures,[3] the Internet with Ciena,[4] cloud computing infrastructure with Aperture,[5] and open innovation with InnoCentive.[6]
Several Spencer Trask-backed technologies and companies have been acquired recently, including OpenTable ($2.6 billion), Prolor (stock swap worth $1.2 billion), ImThera Medical ($225 million), El Super (more than $1 billion in revenues) and Prospect Medical ($363 million).
Legacy
The firm's namesake is Mr. Spencer A. Trask who financed Thomas Edison and was founding trustee of the predecessor to General Electric, the president of the first electricity firm, Consolidated Edison, and chairman of the New York Times.
References
- "Myriad: Pioneering Predictive Medicine". University of Utah, Center for Technology & Venture Commercialization. April 25, 2018.
- Lancaster, Hal (August 3, 1999). "Mr. George Bennett on the Founding of Health Dialog". The Wall Street Journal.
- Phelps, Marshall; Kline, David (2009-05-13). Burning the Ships: Transforming Your Company's Culture Through Intellectual Property Strategy. ISBN 9780470494103.
- Karlgaard, Richard (June 1, 1998). "Dollars from Heaven". Forbes – via Forbes.com.
- "Spencer Trask Announces Sale of Leading Data Center Software Supplier Aperture". www.businesswire.com. March 26, 2008.
- Walsh, Bryan (March 10, 2008). "How Many People Does It Take to Make a New Light Bulb?" – via content.time.com.