Eric Lefkofsky is mostly known for his success as a businessman. Many know his name because of his impressive net worth that was earned at a young age. Lefkofsky is worth about $1.7 billion, which is something that he is proud of, but it does not define him. There is a lot more to Lefkofsky that people should pay attention to.
An Upbringing Worth Noting
Lefkofsky’s father worked as an engineer, and his mother was a teacher. Teaching runs in the family because his younger sister also followed in her mother’s footsteps. The billionaire’s brother wanted to be a lawyer, and that is exactly what he did. Lefkofsky had similar aspirations akin to his brother, as he also received his Juris Doctor from the University of Michigan.
It would be easy to assume that this businessman would simply become a lawyer like his brother, but he had other things in mind.
Breaking the Mold
No one can deny that the internet has opened up a whole new world. No one could have imagined how quickly the world would change when the world wide web was introduced, but it definitely revolutionized the way people live. This was something that Lefkofsky and one of his dearest friends wanted to be a part of. The pair had a few ideas, and they tried them out to see if any of them would worked. For example, they started an online-based t-shirt company. This company did fairly well but nothing close to the success that Lefkofsky and his friend would experience a little later.
The duo tried a few more projects that gave them valuable lessons regarding online businesses. These lessons made them better at what they did. It was around this time that the friends attempted their next big idea, which turned out to be very successful. The idea was for a little site called Groupon, which took the internet by storm. The site was so successful that Google tried to buy the company for $6 billion. This was one of the largest offers Lefkofsky received, but he rejected it.
Some people might think that he refused the offer because he wanted to keep the company all to himself, but that is not the case. He rejected the offer to leave it to investors and stockholders. He wanted to use this exit from Groupon to expand into different sectors. Lefkofsky just wanted to free himself up so that he could cultivate a few ideas that were lying dormant.
One of Eric Lefkofsky’s ideas was called Uptake and the other Tempus. Both companies harnessed the power of big data software but used it differently. For example, Tempus uses the analytical power of the software to help doctors personalize the care of cancer patients. The other company uses the power of big data software to help businesses improve the way they function. The program is meant to point out weaknesses and offer solutions that would improve production in various ways. There is no doubt that this technology is the next big thing, and it is pretty smart.
Many people have their eyes fixated on what Lefkofsky will do next, because he has proven to be a very savvy individual. It is very possible that he is on the verge of the next big thing with some of these new endeavors.