Garrett Camp
Garrett Camp (born October 4, 1978) is a Canadian billionaire entrepreneur.[1][2] He has helped build a series of companies, including founding StumbleUpon, a web-discovery tool; co-founding Uber;[3][4] and founding Expa, a startup studio.[5] Camp is chairman of Mix, the successor to StumbleUpon, and served on the board of directors of Uber until 2020.
Garrett Camp | |
---|---|
![]() Camp in 2018 | |
Born | Calgary, Alberta, Canada | October 4, 1978
Alma mater | University of Calgary (BSc, MSc) |
Occupation(s) | Founder, Expa Co-founder & board member, Uber Founder & chairman, StumbleUpon |
Website | garrettcamp |
Early life and education
Camp was born and raised in Calgary, Alberta, Canada.[6] His father was an economist, and his mother an artist, and both later became home builders.[7] He graduated from the University of Calgary with a bachelor's degree in electrical engineering in 2001, and later earned a master's degree in software engineering, researching collaborative systems, evolutionary algorithms and information retrieval.[6]
Career
StumbleUpon
.jpg.webp)
Camp co-founded StumbleUpon in 2002. It was the first web-discovery platform[8][9][3][10] and personalized recommendation engine.[11][12] The service enabled users to discover web content with a single click, during the Web 2.0 era.[13] In 2006, StumbleUpon relocated to San Francisco, after receiving its first round of funding from Silicon Valley angel investors. In 2007, StumbleUpon was included on the Time magazine's "50 Best Websites" list,[14] and on its 2013 "50 Must-Have iPad Apps" list.[15]
StumbleUpon was acquired by eBay for $75M[16][17] in 2007 and spun-out in 2009,[18][19][20][21] becoming an independent company again.[22][23] Following its spin-off, Camp worked to expand its offerings to include mobile phone app discovery and social networking.[21] He grew the company to over one hundred employees and over 25 million registered users[24] as its founding CEO before stepping down in mid 2012 to work on other ventures.[25] In August 2015, he acquired it again, after resetting all previous shareholders at $0/share.[26] The platform continued to have standalone web and mobile apps until mid 2018, when its users were transitioned to the Mix.com, a venture built in part through Camp's studio startup company, Expa.[27][28]
Uber
Camp founded Uber as UberCab[4][29] in early 2009 while he was CEO of StumbleUpon, and self-funded the seed round of $250K.
Uber launched in San Francisco in mid 2010 with just a few cars on the road and, in late 2010, raised $1.25M in venture capital.[30] In 2011, the company continued to expand across the United States and abroad, including major markets such as New York City and Paris.[31][32] Uber's motto is "Everyone's Private Driver"[33] and, in mid-2012, launched UberX[34][35] and Uber SUV[36] to offer customers low cost options and more vehicle choices. In late 2012, Uber launched UberTAXI,[37][38] allowing taxi drivers to use the application with taxi-like fares for customers, and, in early 2013, CEO Travis Kalanick announced that Uber would begin offering a ride-sharing service,[39][40][41] allowing community drivers to use the application.
Uber was listed in Forbes's Top 10 Companies of 2012,[42] and was ranked number 6 in Fast Company's Most Innovative Companies of 2013.[43] Uber is based in San Francisco, and has expanded in the US and abroad, offering service in over 600 cities worldwide.[44]
In 2020, Camp announced that he was exiting the board of directors but would remain a board observer at the company.[45]
Camp is portrayed by actor Jon Bass in Super Pumped, a 2022 drama series based on Uber.[46]
Expa
Camp formed Expa in 2013,[5][47] integrating his ten years of start-up experience into a system for building new companies. Expa is a startup studio to create and launch new companies by providing early-stage startups with starting capital, a workspace, and technical advice.[48][49] Companies that partner with Expa work from offices in San Francisco, Los Angeles, New York, Vancouver or, most recently, London.[50]
In March 2014, Expa raised its first $50 million from investors[51][52] to fund the design and development of new companies. In March 2016, Expa raised an additional $100 million to fund the creation of new startups. Expa has helped to build and launch a number of companies, including Mix.com, Haus.com and Cmd.com, among others.[53][54][55]
Eco
Camp is currently working on a cryptocurrency he calls Eco. Camp is striving to make it a digital global currency that facilitates daily transactions between business as a form of payment in order to improve commonly occurring issues with digital currencies.[56] Eco also aims to be the most energy efficient currency in terms of transaction verification and token generation.[56]
Awards and honors
Camp was named to the TR35 List of Top Innovators[59] under the age of 35 at Technology Review's Emerging Technologies Conference at MIT in 2007.[60] In 2008 Camp was named by Bloomberg Businessweek as one of Tech's Best Young Entrepreneurs.[61] Camp was honored at the 2013 Tribeca Disruptive Innovation Awards for his accomplishments at both StumbleUpon and Uber.[62]
Wealth
In 2015, he was the 283rd-richest person in the world and the third-richest Canadian, with an estimated wealth of US$5.3 billion according to Forbes.[63] As of November 2022, Camp's net worth is calculated at US$2.7 billion according to Forbes.[64]
In June 2019, Camp bought a newly built, 11,000-square-foot mansion in Trousdale Estates of Beverly Hills for $72.5 million.[65]
Philanthropy
Camp has joined The Giving Pledge, a commitment to give away half of his wealth to charity. In a personal blog post announcing his plans, Camp spoke of recent travels to Kenya, where he connected with people living without access to basic services like clean water, food and electricity.[66] In 2018 Camp established the Camp Foundation, a non-profit research organization to support research into infrastructure, sustainability, and conservation projects that will have a significant global impact.[67]
Personal life
Camp lives in San Francisco.[7]
References
- McCullough, Michael (21 September 2011). "Stumbling upon success". Canadian Business. Retrieved 19 April 2019.
- Camp, Garrett (2011-10-22). "The Start-Up Advantage". The New York Times.
- "Interview with Garrett Camp, StumbleUpon Co-Founder". CenterNetworks. Archived from the original on 2012-05-20.
- "UberCab Takes The Hassle Out Of Booking A Car Service". TechCrunch. 5 July 2010.
- "Garrett Camp Distills His Uber And StumbleUpon Expertise Into New Holding Company Expa". TechCrunch. 2 May 2013.
- Plana, Vincent (11 January 2018). "17 Facts You Didn't Know About Uber Co-Founder's $68 Billion Fortune". www.narcity.com. Retrieved 2019-04-30.
- "Bloomberg profile: Garrett Camp". Bloomberg LP. Retrieved 9 May 2019.
- Helft, Miguel (2007-10-07). "A Way to Find Your Corner of the Internet Sky". The New York Times.
- "Garrett Camp: "one-size-fits-all in search is history"". The Next Web. 4 April 2008.
- "SoMa-Based StumbleUpon Provides a "Forward Button" for Discovery on the Internet". 7x7SF. August 2011.
- "Q&A With Garrett Camp, Founder & Chief Architect, StumbleUpon". Search Engine Land. 4 April 2007.
- "The Serendipity Of StumbleUpon - an interview with Garrett Camp, Chief Architect". ReadWriteWeb. 17 October 2006.
- Waters, Darren (29 March 2007). "Web 2.0 wonders: StumbleUpon". BBC News. Retrieved 23 April 2019.
- "StumbleUpon: 50 Best Websites 2007". Time. 2007-07-08. Archived from the original on July 12, 2007.
- "StumbleUpon: 50 Must-Have iPad Apps". Time. 2013-04-15. Archived from the original on 2013-04-19.
- "eBay's StumbleUpon Acquisition: Confirmed at $75 Million". TechCrunch. 30 May 2007.
- Fost, Dan (2007-06-24). "Company Stumbles its Way to 75 Million". The San Francisco Chronicle.
- "StumbleUpon Beats Skype In Escaping EBay's Clutches". TechCrunch. 13 April 2009.
- "StumbleUpon's Garrett Camp Speaks (About Being a Born-Again Start-up)!". AllThingsD.
- Joyner, April (July 2011). "Garrett Camp: Buying Back the Company". Inc.
- Mangalindan, JP (29 February 2012). "How StumbleUpon saved itself". Fortune. Retrieved 12 April 2019.
- Borzo, Jeanette (November 15, 2010). "Interview with Garrett Camp: The Perils of Being the Little Fish". The Wall Street Journal. Retrieved 2019-05-05.
- Tsotsis, Alexia (March 17, 2011). "StumbleUpon's Garrett Camp On What It's Like To Buy Back Your Company". TechCrunch. Retrieved 2019-05-05.
- Ha, Anthony (April 26, 2012). "StumbleUpon Reaches 25M Registered Users, Plans For Global Expansion And API". TechCrunch. Retrieved 2019-05-05.
- Ha, Anthony (May 8, 2012). "Mufassil Steps Down As StumbleUpon CEO, Will Serve As Chairman". TechCrunch. Retrieved 2019-05-05.
- Olanoff, Drew (August 26, 2015). "Co-Founder Garrett Camp Buys Back Majority Share In StumbleUpon". TechCrunch. Retrieved 2019-05-05.
- Camp, Garrett (May 23, 2018). "SU is moving to Mix". Medium. Retrieved 2019-05-05.
- Carson, Biz (August 1, 2018). "Uber Cofounder Garrett Camp Is Back To An Old Problem: Finding Interesting Things On The Internet". Forbes. Retrieved 2019-05-05.
- "A Peek Under the Hood at Uber". 7x7SF. 12 July 2011.
- "UberCab Closes Uber Angel Round". TechCrunch. 15 October 2010.
- Jeffries, Adrianne (26 April 2013). "After long battle, Uber becomes first taxi app to get approved in New York City". The Verge. Retrieved 16 April 2019.
- Schechner, Sam (13 November 2014). "Uber Launches Car Pooling Service in Paris". The Wall Street Journal. Retrieved 16 April 2019.
- "The Uber Experience: Everyone's Private Driver". Bloomberg Businessweek. Archived from the original on February 15, 2013.
- "Uber Opens Up Platform To Non-Limo Vehicles With "Uber X," Service Will Be 35% Less Expensive". TechCrunch. 2 July 2012.
- "A Status Symbol Moves Down Market: The Context for Uber's Lower-Priced Launch". AllThingsD.
- "SF, You Now Have the Freedom to Choose". Uber Blog.
- "Despite NYC Delay, Uber Launches Taxi Option In SF". TechCrunch. 18 October 2012.
- "Uber wins in NYC lawsuit filed by limo lobby, clearing the way for city to test e-hail apps". The Verge. 23 April 2013.
- "Uber Moves Deeper Into Ride Sharing, Promises To Roll Out Services Where Regulators Have Given 'Tacit Approval'". TechCrunch. 12 April 2013.
- "Uber Policy White Paper 1.0 by Travis Kalanick". Uber Blog.
- "Uber will 'aggressively' pursue carpooling model, but only when lawmakers say it's okay". The Verge. 12 April 2013.
- Prive, Tanya. "Uber: Top 10 Tech Companies Of 2012". Forbes.
- "Uber: Most Innovative Companies 2013". Fast Company.
- Dara Kerr and Marrian Zhou, "Uber to acquire Middle East competitor Careem for $3.1B," CNET, March 26, 2019.
- Lomas, Natasha (2020-03-31). "Uber co-founder Garrett Camp steps back from board director role". TechCrunch. Retrieved 2022-11-13.
- Petski, Denise (2021-09-01). "'Super Pumped': Jon Bass Joins Showtime Series About Uber From 'Billions' Co-Creators". Deadline. Retrieved 2022-11-13.
- "Garrett Camp's Expa Aims to Channel StumbleUpon and Uber Lessons Into New Companies". AllThingsD.
- "Inside Expa Labs, Uber co-founder's take on the startup accelerator". TechCrunch. 25 November 2016. Retrieved 2020-06-25.
- Yeung, Ken (30 March 2016). "Expa raises $100 million to build more companies, launches startup accelerator". VentureBeat. Retrieved 15 April 2019.
- Williams, Hannah (2020-04-29). "Expa Launches UK Office For European Startups". Computerworld. Retrieved 2020-06-25.
- "Expa Raises $50M". expa.com.
- "Garrett Camp's Expa Raises $50M To Build New Startups". TechCrunch. 14 March 2014.
- Crook, Jordan (1 August 2017). "Garrett Camp's latest Expa project, Mix, aims to curate the web". TechCrunch. Retrieved 15 April 2019.
- Crook, Jordan (28 July 2016). "Uber co-founder launches new real estate venture for Expa called Haus". TechCrunch. Retrieved 15 April 2019.
- Sawers, Paul (26 February 2019). "GV leads $15 million investment in stealth Canadian cybersecurity startup Cmd". TechCrunch. Retrieved 15 April 2019.
- "Uber co-founder Garrett Camp is creating a new cryptocurrency". TechCrunch. 2 March 2018. Retrieved 2019-03-26.
- FinSMEs (2011-09-14). "Prism Skylabs Raises $1.5M in Seed Funding". FinSMEs. Retrieved 2022-11-13.
- "Celeb-backed BlackJet Is Grounded. Again". Fortune.
- "Innovators Under 35". MIT Technology Review.
- "Garrett Camp Named to Technology Review's Prestigious TR35 List of Top Young Innovators". PR Newswire.
- "Garrett Camp: Tech's Best Young Entrepreneurs". Bloomberg Businessweek. Archived from the original on April 21, 2008.
- "Garrett Camp: 2013 Honoree". Tribeca Disruptive Innovation Awards.
- Forbes' 29th Annual World's Billionaires Issue, Forbes, March 2, 2015
- "Garrett Camp". Forbes. Retrieved 2022-11-12.
- "Uber co-founder Garrett Camp quietly shells out $71 million for Beverly Hills mansion". Los Angeles Times. 2019-06-28. Retrieved 2019-07-27.
- Kolodny, Lora (2017-11-22). "Uber and Infosys co-founders are latest billionaires to join The Giving Pledge". CNBC. Retrieved 2017-12-16.
- "The Camp Foundation".