Carter Reum

Last updated

Carter Reum
Carter Reum (cropped).jpg
Reum in February 2021
BornCarter Milliken Reum
(1981-02-05) February 5, 1981 (age 43) [1]
Occupation
  • Author
  • entrepreneur
  • investor
NationalityAmerican
Alma mater Columbia University
Notable worksShortcut Your Startup: Ten Ways to Speed Up Entrepreneurial Success (book)
Spouse
​
(m. 2021)​
Children3
Relatives Courtney Reum (brother)
Website
m13.co

Carter Milliken Reum (born February 5, 1981) is an American author, entrepreneur, and venture capitalist. [2] [3] He is the founder of M13 Ventures, an angel investment firm. He is married to Paris Hilton.

Contents

Early life

Carter Milliken Reum was born on February 5, 1981, to Sherry and Robert Reum. [4] His father was chairman, president and chief executive officer of Chicago-based Amsted Industries, [4] which was ranked as one of the United States' largest private companies by Forbes . [5] He has two siblings, a brother named Courtney and a sister named Halle. [4] The latter is married to Oliver Hammond, a scion of the Annenberg family. Reum graduated from Columbia College of Columbia University in 2003. [6] [7] [8] He is an alumnus of Zeta Beta Tau fraternity, initiated into its Delta Chapter at Columbia University.[ citation needed ]

Career

Alongside his brother Courtney, Reum co-founded the alcohol brand VEEV Spirits, [9] [10] [11] a company listed in Inc. Magazine's 5000 fastest-growing private companies in the United States in 2018. [12]

Reum has been featured in episodes of the television series Hatched and has appeared as a guest and a commentator on a variety of networks including CBS and Fox. He is also a contributing writer for Huffington Post and Inc. Additionally he is the co-founder of the investment firm M13. [13] [14]

M13, the venture capital firm co-founded by Reum, was recognized as the 14th top performer in the 2023 HEC-Dow Jones Venture Capital Performance Ranking, which evaluates the world's top global venture capital firms. M13 was one of only eight U.S.-based firms to be included in the top 20 rankings for that year. [15]

Publications

In 2018, Random House and Penguin Books released Shortcut Your Startup: Ten Ways to Speed Up Entrepreneurial Success. [16] [17] Reum co-authored the book with his brother Courtney. The book uses the Reums' experiences to teach entrepreneurs how to reach their goals. [18] They pull from their experiences creating Veev and from the lessons learned through the years investing in companies like SpaceX, Lyft, Pinterest and Warby Parker. [19] [20] [21]

In 2016, Reum started the venture capital firm M13 Investments. [22]

Personal life

Reum has a daughter born in 2013 to former actress Laura Bellizzi. [23]

Reum began dating media personality Paris Hilton in December 2019. [24] After becoming engaged on February 13, 2021, [25] Hilton and Reum were married in Los Angeles on November 11. [26] [27] They have a son and a daughter born via surrogacy in January and November 2023, respectively. [28] [29]

Related Research Articles

A startup or start-up is a company or project undertaken by an entrepreneur to seek, develop, and validate a scalable business model. While entrepreneurship includes all new businesses including self-employment and businesses that do not intend to go public, startups are new businesses that intend to grow large beyond the solo-founder. During the beginning, startups face high uncertainty and have high rates of failure, but a minority of them do go on to become successful and influential, such as unicorns.

<span class="mw-page-title-main">Venture capital</span> Form of private-equity financing

Venture capital (VC) is a form of private equity financing provided by firms or funds to startup, early-stage, and emerging companies, that have been deemed to have high growth potential or that have demonstrated high growth in terms of number of employees, annual revenue, scale of operations, etc. Venture capital firms or funds invest in these early-stage companies in exchange for equity, or an ownership stake. Venture capitalists take on the risk of financing start-ups in the hopes that some of the companies they support will become successful. Because startups face high uncertainty, VC investments have high rates of failure. Start-ups are usually based on an innovative technology or business model and often come from high technology industries such as information technology (IT) or biotechnology.

Sequoia Capital Operations, LLC is an American venture capital firm headquartered in Menlo Park, California which specializes in seed stage, early stage, and growth stage investments in private companies across technology sectors. As of 2022, the firm had approximately US$85 billion in assets under management.

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<span class="mw-page-title-main">Techstars</span> U.S. startup accelerator

Techstars is a global startup accelerator and venture capital firm founded in 2006 and headquartered in New York City. The accelerator provides capital, mentorship, and other support for early-stage entrepreneurs.

Corporate venture capital (CVC) is the investment of corporate funds directly in external startup companies. CVC is defined by the Business Dictionary as the "practice where a large firm takes an equity stake in a small but innovative or specialist firm, to which it may also provide management and marketing expertise; the objective is to gain a specific competitive advantage." Examples of CVCs include GV and Intel Capital.

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<span class="mw-page-title-main">Courtney Reum</span> American entrepreneur

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References

  1. ↑ Desborough, Jenny (November 12, 2021). "Who Is Paris Hilton's Entrepreneur Husband, Carter Milliken Reum?". Newsweek . Retrieved November 13, 2021.
  2. ↑ "Biography". penguin.co.uk. Archived from the original on August 7, 2018. Retrieved August 7, 2018.
  3. ↑ Needleman, Sarah E. (November 24, 2010). "Entrepreneurs Hit Up Family, But Payback Is Slow". Wall Street Journal. wsj.com.
  4. 1 2 3 Megan, Graydon. "Robert Reum, sparked Amsted Industries turnaround, dies". Chicago Tribune . Retrieved July 25, 2020.
  5. ↑ "Amsted Industries". Forbes. Retrieved July 25, 2020.
  6. ↑ "Around the Quads". Columbia College Today. Spring 2012. Archived from the original on December 26, 2016. Retrieved June 10, 2020.
  7. ↑ "Take Five with Courtney Reum '01". Columbia College Today. April 13, 2018. Archived from the original on June 24, 2018. Retrieved July 25, 2020.
  8. ↑ Shah, Hannah Karp and Neil (October 7, 2016). "Desert Trip: Rockin'—and Luxuriating—in the Twilight Years". Wall Street Journal. ISSN   0099-9660 . Retrieved August 30, 2021.
  9. ↑ "Industry Insiders: Courtney & Carter Reum, Founders and Owners of VeeV Açaí Spirit". bbook.com. January 7, 2013.
  10. ↑ "Courtney And Carter Reum, Veev: Finding a Better Way to Drink". HuffPost. December 29, 2010.
  11. ↑ "My LA To Z". Los Angeles Magazine. lamag.com. August 21, 2013.
  12. ↑ "Take Five With Courtney Reum '01". college.columbia.edu. April 13, 2018.
  13. ↑ "Rothy's just landed $35 million from Goldman Sachs to sell more of its popular ballet flats". techcrunch.com. December 18, 2018.
  14. ↑ "North Carolina Startups Raised More Than $1 Billion Last Year. Here's Why Raleigh Is the Tech Industry's Best Kept Secret". inc.com. December 18, 2018.
  15. ↑ "M13 Ranked #14 Globally in 2023 HEC-Dow Jones Venture Capital Performance Ranking". prweb.com. November 26, 2024.
  16. ↑ Speed Up Success with Unconventional Advice from the Trenches. simonandschuster.com. January 16, 2018. ISBN   9781501172991.
  17. ↑ "Funding for startups may be more difficult: Venture capitalist". cnbc.com. January 17, 2018.
  18. ↑ "6 Things Big Companies Look for When Buying Your Startup". entrepreneur.com. January 17, 2018.
  19. ↑ "In their new book, the founders behind VEEV Spirit and the investment firm M13 reveal what it takes to launch a successful startup". elitebusinessmagazine.co.uk. February 2018.
  20. ↑ "Brothers Aim to Launch New Families of Products". labusinessjournal.com. April 24, 2016.
  21. ↑ "ClassPass Raising New Funds from Temasek, M13". Fortune. Retrieved November 12, 2021.
  22. ↑ "LA Venture: M13's Carter Reum On His New $400 Million Fund and How Web3 Will Change Business". dot.La. March 4, 2022.
  23. ↑ McKnight, Jenni. "Does Paris Hilton's husband Carter Reum have another child? All we know". Hello! . Retrieved November 24, 2023.
  24. ↑ "Paris Hilton Goes Instagram Official With Boyfriend Carter Reum in Honor of Their Anniversary". E! News . April 30, 2020. Retrieved May 23, 2020.
  25. ↑ "Paris Hilton Is Engaged to Boyfriend Carter Reum: 'I'm Excited for Our Next Chapter'". People . Retrieved February 18, 2021.
  26. ↑ "Paris Hilton Wears Oscar de la Renta to Marry Carter Reum in Bel Air". Vogue. November 12, 2021. Retrieved November 14, 2021.
  27. ↑ Dupre, Elyse (November 12, 2021). "Paris Hilton Marries Carter Reum After 2 Years Together". E! News . Retrieved November 12, 2021.
  28. ↑ VanHoose, Benjamin; Andaloro, Angela (January 24, 2023). "Paris Hilton Is a Mom! Star Reveals She and Husband Carter Reum Have Welcomed a Baby Boy". People.
  29. ↑ Moorman, Taijuan (November 24, 2023). "Paris Hilton shares why she is thankful on Thanksgiving: a baby girl". USA Today . Retrieved November 24, 2023.
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