Andrew Paradise

Last updated
Andrew Paradise
20211002 SS Andrew 112.jpg
Nationality American
Organization Skillz
TitleFounder

Andrew Paradise (born 10 April 1982) is an American entrepreneur and the CEO and founder of Skillz, an eSports company that enables tournaments in mobile games. [1]

Contents

He previously founded AisleBuyer (sold to Intuit) and Double Picture (sold to MPA Inc.). Also, Andrew Paradise was one of the Top-Earning Game CEOs in 2020. [2]

Early life and education

Paradise has said that he learned to program at age 7 by making edits to a video game's configuration file with a hex editor, later writing his first game in Pascal. [3]

He received a Bachelor of Commerce in Economics from the University of Auckland, New Zealand in 2004 and a BA in English Literature, graduating summa cum laude, from the University of Massachusetts Amherst in 2005. [4]

Career

Private Equity & Venture Capital

Andrew started his career in private equity working for The Watermill Group, a leveraged buyout shop focused on distribution and manufacturing businesses, based out of the Boston area. There he completed his first acquisitions including Latrobe Steel, a company purchased for $215M enterprise value and later sold for $800M. In 2006, he left Watermill to join Fort Washington Capital Partners, working in venture capital investing. [5]

Double Picture

After spending a few years working for venture capital and private equity firms, [6] Paradise left in 2008 to found his first business, Double Picture, a web 2.0 digital media and advertising company.[ citation needed ] In 2009, he sold the business to MPA Inc. a publicly traded company.[ citation needed ]

AisleBuyer

Paradise founded AisleBuyer in 2009. AisleBuyer a virtual shopping assistant which enabled customers to bypass checkout lines by allowing them to pay for purchases directly through their mobile devices. The software allowed shoppers to scan product bar codes, which subsequently enabled them to read details and customer reviews directly from their smartphones. [7] Shoppers could then purchase the products on the spot, choosing between an in-store purchase or home delivery. [8] [9] Paradise sold the company to Intuit for a reported price of $80 to $100 million in April 2012. [10] [11] The technology was later renamed to Intuit GoPayment. [12]

Skillz

In 2012, Paradise and fellow AisleBuyer veteran Casey Chafkin founded Skillz under the name Lookout Gaming. [13] Skillz provides an SDK for mobile game developers that allows users to compete against each other. As of October 2018, Skillz reported hosting 2 million tournaments every day. [14] Founders Casey Chafkin and Andrew Paradise are working to democratize the industry by bringing out the best in everyone through competition. [15]

In 2017, Paradise earned No. 1 spot on the Inc 5000 list for Skillz. The company became the first gaming entity ever to top the chart. [16]

In December 2020, Skillz became the first publicly-traded mobile eSports platform. [17] Paradise owns 22% of the company. [18]

In 2020, Andrew Paradise took the third place at the Top-Earning Game CEOs who made $103,321,052 (or $51,660 per hour). [19] [20]

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References

  1. ↑ "Skillz brings real-money gaming to the U.S." insidemobileapps.com. Archived from the original on 6 June 2014. Retrieved 10 June 2014.{{cite web}}: CS1 maint: unfit URL (link)
  2. ↑ "42 Top-Earning Game CEOs Made More Than $820 Million In 2020". GameSpot. Retrieved 2022-12-21.
  3. ↑ "Startup updates: Lookout Gaming raises $1.3M; BetterLesson gets $3.5M Gates grant". bizjournals.com. Retrieved 10 June 2014.
  4. ↑ "Andrew Paradise, Skillz Inc: Profile and Biography". Bloomberg.com. Retrieved 2022-12-21.
  5. ↑ Smith, Mark (2022-06-02). "Meet United States's 101 Top CEO's in the Video Games Space". BestStartup.us. Retrieved 2022-12-21.
  6. ↑ Burns, Mark J. (March 22, 2017). "Skillz CEO Andrew Paradise On Mobile eSports, Investment From Sports Figures Like Luol Deng". SportTechie. Retrieved 21 March 2019.
  7. ↑ Burns, Mark J. (22 March 2017). "Skillz CEO Andrew Paradise On Mobile eSports, Investment From Sports Figures Like Luol Deng". SportTechie. Retrieved 6 April 2019.
  8. ↑ "Intuit Acquires Mobile Payments Company AisleBuyer, Will Integrate Into GoPayment, POS Solutions". techcrunch.com. 11 April 2012. Retrieved 10 June 2014.
  9. ↑ "Intuit Acquires AisleBuyer Tech for $80 - $100 Million". bostinno.streetwise.co. Retrieved 10 June 2014.
  10. ↑ Heun, David (10 April 2012). "Intuit Buys M-Payments Co. AisleBuyer". American Banker . Retrieved 6 April 2019.
  11. ↑ "Boston startup AisleBuyer acquired by Intuit". bizjournals.com . Retrieved 10 June 2014.
  12. ↑ "Intuit Buys AisleBuyer, Self-Checkout App, for Reported $100M". PYMNTS. 10 April 2012. Retrieved 22 March 2019.
  13. ↑ "Lookout Gaming Takes $1.3M Seed Round To Accelerate Indie Game Revenues". techcrunch.com. 15 November 2012. Retrieved 10 June 2014.
  14. ↑ Gottsegen, Gordon (11 October 2018). "A bigger phone could help you win that esports tournament". CNET . Retrieved 11 April 2019.
  15. ↑ "Ball v. Skillz Inc., Case No.: 2:20-cv-00888-JAD-BNW | Casetext Search + Citator". casetext.com. Retrieved 2022-12-21.
  16. ↑ "How Skillz CEO Andrew Paradise Built an Inc. 5000 Leader". Inc. 2017.
  17. ↑ "Skillz Becomes First Publicly-Traded Mobile Esports Platform". Nasdaq. 2020-12-20.
  18. ↑ "Andrew Paradise Net Worth, Biography, and Insider Trading". www.insidertrades.com. Retrieved 2022-12-21.
  19. ↑ "42 Top-Earning Game CEOs Made More Than $820 Million In 2020". GameSpot. Retrieved 2022-12-21.
  20. ↑ McCarver, Katie Ann (2023-06-07). "Esports specialist Skillz moving its headquarters to southwest Las Vegas - Las Vegas Sun Newspaper". lasvegassun.com. Retrieved 2023-07-26.
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