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Jay Gould (entrepreneur)

Jay Gould (born April 1, 1979)[1] is an American tech entrepreneur and the founder & CEO of Yashi.[2] Gould is also an active angel investor in web-based startups, such as DogVacay,[3] Tout (company), Buffer (application), and Fitocracy.[4]

Contents

EducationEdit

Gould graduated from Rowan University in 2001, where he earned a bachelor's degree in Law & Justice.[5]

CareerEdit

In December 2005, Gould sold his first business to Bolt Media for an undisclosed amount[6] and joined Bolt as its President. At the time of the sale, Gould's websites had 3.3 million U.S. unique visitors, according to comScore Media Metrics.[1]

While under Gould’s management, Bolt’s revenue grew to $7 million annually, 5.3 million monthly U.S. visitors to their website,[7] culminating in signing a definitive agreement to sell the company for up to $30 million.[8][9][10] Just prior to signing the $30 million definitive agreement, Universal Music Group filed a highly publicized lawsuit against Bolt, MySpace and others for alleged copyright infringement.[11] Bolt was ultimately unable to reach a settlement with Universal Music, which resulted in the termination of Bolt’s $30 million acquisition, eventually leading Bolt to file an assignment for the benefit of creditors.[12][13]

During Gould’s tenure at Bolt, he co-founded WikiYou, which raised $500,000 from investors, including Mayfield Fund, First Round Capital, and LinkedIn co-founder Reid Hoffman.[14]

Gould later founded GamersMedia, the first vertical-advertising network to bring brand advertisers to casual-gaming websites, which at its launch had over 20 million unique visitors across 40 sites.[15][16][17] GamersMedia was later rebranded as Yashi,[18] and today is an award winning advertising technology company that has been named to Inc. Magazine's Inc. 5000 list of the Fastest-Growing Private Companies in America for three consecutive years in 2012, 2013, and 2014,[19] as well as numerous other awards including Deloitte's Technology Fast 500,[20] Red Herring[21] NJBIZ 50 Fastest Growing Companies in New Jersey,[22] as well as a Stevie Award for Company of the Year.[23] On February 2, 2015, Yashi was acquired by Nexstar Broadcasting Group for $33 million.[24]

Gould was named an Ernst & Young Entrepreneur of the Year™ Award finalist in 2014.[25] Other accolades include a Stevie Award for Executive of the Year in the American Business Awards[23] and an NJBIZ Forty under 40 Award.[26]

InvestmentsEdit

Gould has actively been involved with helping entrepreneurs acquire capital and expertise for their startup ventures.[27] He is an active angel investor, with sizable contributions to companies such as Buffer,[28] CapLinked, Tout, iDoneThis, Fitocracy, Cadee, and others.[29] In March 2012, Gould was part of a $1 million funding initiative for DogVacay, an online marketplace for residential dog boarding.[29]

In addition to startup capital, Gould also contributes his knowledge and expertise to entrepreneurs. He is a member of the Rowan University Entrepreneurship Program Advisor Council (ENTAC). In April 2010, he returned to his alma mater to serve as a judge for the Rowan University Elevator Pitch Contest.[30]

FoundvilleEdit

In October 2011, Gould launched foundville.com, a video podcast site featuring interviews with successful Internet entrepreneurs. Gould has interviewed founders of well-known companies such as HotOrNot,[31] RockYou,[32] Adify,[33] Mochi Media,[34] Eric M. Jackson's CapLinked,[35] The Receivables Exchange,[36] Wikia,[37] SitePoint,[38] and others.

Awards and recognitionEdit

  • On 20 September 2010, Gould was honored as a recipient of the NJBIZ Forty under 40 Award. The award recognizes up-and-coming businesspersons based in the New Jersey-New York area.[26]
  • In November 2012 NJBIZ named Gould's company, Yashi, as one of the 50 Fastest Growing Companies in New Jersey. The company's success was determined by evaluating growth during a four-year period.[39]
  • Gould's company Yashi has been named to Inc Magazine's list of fastest-growing companies in America in 2012, 2013 and 2014 having been ranked #903, #1,093 and #1,151 respectively.[40]
  • In 2014, Gould was named an Ernst & Young Entrepreneur Of The Year™ Award finalist in New Jersey.[25]
  • Gould's company, Yashi, was named a winner of the Red Herring 2014 Top 100 Award for North America. The award honors the year’s most promising private technology businesses based in North America.[21]
  • In 2014, Gould was named as a Silver Stevie Winner for Executive of the Year in the American Business Awards. His company, Yashi, was also named a Bronze Stevie Winner for Company of the Year.[23]
  • In 2014, Gould's company, Yashi, was named to Deloitte's Fast 500 List of Fastest Growing Companies in North America.[20]

ReferencesEdit

  1. ^ a b "Who Says Money Can't Buy Hipness?". Bloomberg Businessweek. 26 February 2006. Retrieved 14 August 2012. 
  2. ^ Steve Hall (23 June 2014). "How This Ad Network You've Never Heard of Bootstrapped Itself to Multi-Million Dollar Success". AdRants. Retrieved 18 December 2014. 
  3. ^ "Investors". DogVacay. 26 February 2006. Retrieved 18 December 2014. 
  4. ^ "Jay Gould AngelList". AngelList. 26 February 2006. Retrieved 16 December 2014. 
  5. ^ "Jay Gould". LinkedIn. Retrieved 15 August 2012. 
  6. ^ Rafat Ali (21 February 2006). "Bolt Buys Two Video Sites". PaidContent.org. Retrieved 16 August 2012. 
  7. ^ Matt Marshall (12 February 2007). "Bolt hosed, shows the risks of video". Venturebeat. Retrieved 16 August 2012. 
  8. ^ Liz Gannes (11 February 2007). "Bolt.com Selling to GoFish for $30M". GigaOm. Archived from the original on 29 July 2012. Retrieved 16 August 2012. 
  9. ^ "Agreement and Plan of Merger". Securities and Exchange Commission. 11 February 2007. Retrieved 16 August 2012. 
  10. ^ "Betawave Corp". Securities and Exchange Commission. 11 February 2007. Retrieved 16 August 2012. 
  11. ^ Dawn C. Chmielewski (18 October 2006). "Universal Sues Video Sharing Websites". Los Angeles Times. Retrieved 11 August 2012. 
  12. ^ Joshua Chaffin (9 March 2007). "Rights success for Universal as Bolt settles". Financial Times. Retrieved 12 August 2012. 
  13. ^ Margaret Kane (12 February 2007). "Universal turns DRM thunder on Bolt". CNet. Retrieved 12 August 2012. 
  14. ^ Michael Arrington (24 July 2007). "WikiYou Beats Spock to Launch". TechCrunch. Retrieved 16 August 2012. 
  15. ^ Stacey Higginbotham (26 February 2008). "Former Bolt.com Owner Gets into Games". GigaOm. Retrieved 16 August 2012. 
  16. ^ Matthew Nelson (27 February 2008). "Bolt Man Back with Casual Gaming Ad Network". ClickZ. Retrieved 15 August 2012. 
  17. ^ Mark Hendrickson (26 February 2008). "Former Bolt.com Owner Launches Casual Gaming Ad Network, Gamers Media". TechCrunch. Retrieved 15 August 2012. 
  18. ^ Mark Hendrickson (26 February 2008). "Former Bolt.com Owner Launches Casual Gaming Ad Network, Gamers Media". TechCrunch. Retrieved 15 August 2012. 
  19. ^ Inc. Magazine (August 26, 2014). "Yashi Named to Inc. 5000". Inc. Magazine. Retrieved December 16, 2014. 
  20. ^ a b "Deloitte's 2014 Technology Fast 500 Ranking" (PDF). Deloitte. Retrieved December 18, 2014. 
  21. ^ a b "2014 Red Herring North America: Winners", Red Herring, 27 May 2014. Retrieved 18 December 2014.
  22. ^ "Yashi Named One of New Jersey's 50 Fastest Growing Companies in 2012". The Business Journals. November 13, 2012. Retrieved November 23, 2012. 
  23. ^ a b c "2014 Company/ Organization Awards Categories Stevie® Award Winners", The American Business Awards, 3 June 2014. Retrieved 18 December 2014.
  24. ^ "exstar Broadcasting Acquires Yashi, Leading Local Digital Video Advertising and Programmatic Technology Company, for $33 Million in Accretive Transaction". Marketwatch. February 2, 2015. Retrieved February 3, 2015. 
  25. ^ a b "Congratulations to the 2014 finalists for the EY Entrepreneur Of The Year Awards in New Jersey.", Ernst & Young, 22 May 2014. Retrieved 18 December 2014.
  26. ^ a b "Forty under 40 2010". Infovision. 25 October 2010. Retrieved 18 December 2014. 
  27. ^ "Jay Gould". Bloomberg Businessweek. Retrieved 16 August 2012. 
  28. ^ Leo Widrich (20 December 2011). "The 19 Awesome Investors in Our $400,000 Seed Round And How We Met Them". Buffer. Retrieved 16 August 2012. 
  29. ^ a b "Jay Gould". AngelList. Retrieved 14 August 2012. 
  30. ^ "Rowan University Calendar". Rowan University. 24 April 2010. Retrieved 15 August 2012. 
  31. ^ "HOTorNOT: Hear How They Bootstrapped it to $8 Million Annually Before Selling it for $20 Million – with James Hong". foundville. 19 October 2011. Retrieved 11 August 2012. 
  32. ^ "Lance Tokuda: How RockYou Grew to 100 Million Uniques and $50 Million Revenue and SchoolFeed Gained 1 Million Members in its First 4 Months!". foundville. 17 October 2011. Retrieved 11 August 2012. 
  33. ^ "Adify: Built and Sold for $300 Million In Under 3 Years with the Help of Investors – by Russ Fradin". foundville. 25 October 2011. Retrieved 11 August 2012. 
  34. ^ "Learn How Jameson Hsu Went From Game Developer to Selling His Business for $80 Million". foundville. 20 October 2011. Retrieved 11 August 2012. 
  35. ^ "Early PayPal Employee Quits to Become Author and Serial Entrepreneur – with Eric Jackson". foundville. 26 October 2011. Retrieved 11 August 2012. 
  36. ^ "The Receivables Exchange Co-founder Nicolas Perkin Explains How They Built a $1 Billion Marketplace Within 5 Years". foundville. 28 October 2011. Retrieved 11 August 2012. 
  37. ^ "Learn How Wikia Empowered Its Members to a Top 100 Site – told by former CEO Gil Penchina". foundville. 1 November 2011. Retrieved 11 August 2012. 
  38. ^ "How to Successfully Spinoff Startups by SitePoint Co-Founder Matt Mickiewicz". foundville. 2 December 2011. Retrieved 11 August 2012. 
  39. ^ "50 Fastest Growing Companies". NJBIZ. 13 November 2012. Retrieved 23 November 2012. 
  40. ^ "Yashi". Inc. Retrieved 21 August 2012.