Eric Lefkofsky on the Idea of Accelerated Disruption

Eric Lefkofsky is a Chicago-based serial entrepreneur, venture capitalist, and a private equity expert. Eric is a renowned philanthropist following his contributions to different charities through the Lefkofsky Family Foundation. He has authored the book “Accelerated Disruption: Understanding the True Speed of Innovation” to help interested entrepreneurs to understand how to turn their idea into a reality. Eric Lefkofsky studied his bachelor’s from the University of Michigan. Eric later acquired his JD from the University of Michigan Law School in 1994.

 

 

Career Background

 

 

Eric Lefkofsky began his career in business by selling carpets while still at the University of Michigan. After completion of his law studies, he teamed up with Brandley Keywell, and together they acquired Brandon Apparel. After the company had collapsed, the two decided to venture into the internet business. Together, they co-founded Starbelly, which was an internet company that dealt with promotional products. They later sold the company for $240 million to Halo Industries in January 2000.

 

 

Eric Lefkofsky interests in business did not end with the selling of Starbelly. In 2001, he founded Innerworkings and served as its CEO until 2004. He is also a founder and co-founder of other companies including Echo Global Logistics, Uptake, Mediabank, Lightbank, and Tempus Inc. One of his successful ventures is the Groupon Company, which is a global e-commerce marketplace for all products. All these start-ups have contributed to Eric Lefkofsky’s wealth that stands at $1.79 million.

 

 

The Tempus Inc

 

 

In 2015, Eric Lefkofsky (www.lefkofsky.com/) launched Tempus in his continued fight against cancer. He started the company with the aim of helping doctors and physicians modernize cancer treatment by developing a personalized and data-driven treatment. In their quest to achieve their goal, the professionals at the company collect and statistically analyze genomic data. Currently, Tempus has developed treatment solutions for the lung, breast, and pancreatic cancer and they intend to develop more shortly.

 

 

Accelerated Disruption

 

 

In his “Accelerated Disruption” book, Eric Lefkofsky explains to the people how to start, grow, and keep businesses in the market. According to Eric, people develop better, cheaper, convenient, and functional business ideas every day. If the ideas matured, they would match up with the fast-paced technological advancements in the country thus remaking the entire industry.

 

 

However, the ideas do not get to develop since people already hold preconceived thoughts about the already existing business and the large competitors in the market. Therefore, Eric Lefkofsky tries to teach people on choosing the right way to start more businesses, promote their products and smart automation of the people. He also wants to educate the entrepreneurs how to turn the challenges in the business world into a competitive advantage.

 

 

Philanthropy

 

 

Besides his business pursuits, Eric Lefkofsky is an active philanthropist. He co-founded Lefkosky Family Foundation in 2006 together with his wife with the aim of improving the quality of human life. Their main areas of concern include education, human rights, arts, and culture as well as medical research. Eric Lefkofsky is a trustee in various Chicago-based institutions including The Art of Institute of Chicago, World Business, Museum of Science and Industry and the Lurie Children’s Hospital.

Read more about Eric Lefkofsky on his Crunchbase profile.