Jeff Binder

Last updated
Jeff Binder
NationalityAmerican
EducationHarvard University [1]
Occupation(s)CEO, Layer3 TV
Years active1987 - present
Board member of Layer3 TV
This Technology

Jeff Binder is an American entrepreneur and the builder of several startups in the technology, media, and telecommunications sectors. He is the former executive vice president of home and entertainment at T-Mobile after the company bought Layer3 TV, the company Binder co-founded and served as the CEO of until the purchase for $325 million. [2] Layer3's service and platform eventually became T-Mobile's "T-Vision" once its version was launched by the company. Jeff Binder was also the founding CEO of Broadbus Technologies and an early investor and chairman of This Technology, which were sold respectively to Motorola and Comcast. [3] [4] [5] [6] He is brothers with renowned television producer, Steven D. Binder.

Contents

Early life

Binder began playing table tennis at 10, and was ranked in the national Top 5 during his teen years. [7] [8] [5]

Career

In the 1990s, Binder's father created a company, Magic Music, which used digital storage in the mass-production of cassette tapes. [8] [9] Jeff credits his father and grandfather for infusing his early years with "out-of-the-box" ideas that are key to his success in entrepreneurship today.

Prior to his work in the media and telecommunications sectors, Binder was CEO of Leading Golf Courses of America, a nationwide golf membership program that included some of the top golf courses in America. Jack Nicklaus became a partner. [8] [10]

In 1999, Binder and Robert Scheffler started Broadbus Technologies, which used digital storage, but was created instead for video-on-demand entertainment experiences. The company was sold to Motorola in 2006 for an estimated $186 million. [11] [12] [5]

In 2008, Binder joined Dave Fellows, former CTO of Comcast and AT&T Broadband, along with Broadbus executive Vin Bisceglia, to launch Genovation Capital, an early stage venture firm focused on the media space. [13] [14] [15] [16]

Binder invested in This Technology a video-on-demand advertising company, and joined as its Chairman, in 2012. In 2015, the company was sold to Comcast Corp., after raising more than $7 million from General Catalyst and other investors, because it had become an integral part of their platform, according to the CTO of Comcast. [17] [18]

Binder and Fellows founded Layer3 TV in Boston in 2013. In 2014 the company opened a new headquarters in Denver. Under Binder's leadership, the company raised more than $80 Million and was named a Forbes Hottest Startup in 2015 with a valuation of $385 Million. [19] [20]

T-Mobile purchased Layer3 TV in 2018 and Binder became an Executive Vice President and member of the Senior Leadership Team and also led T-Mobile’s TV team. [21] Binder left his positions at T-Mobile a year later in 2019. [22]

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References

  1. ↑ "玉溪型孪科技有限公司".
  2. ↑ T-Mobile lands major content deal with Viacom for its upcoming wireless TV service, by Nat Levy. GeekWire. https://www.geekwire.com/2019/t-mobile-lands-major-content-deal-viacom-upcoming-wireless-tv-service/
  3. ↑ Spangler, Todd (March 14, 2014). "Not a Virtual MSO? 'Next-Gen Cable' Service Layer3 TV Launches with $21 Million in Funding". Variety. Retrieved 5 June 2015.
  4. ↑ Vuong, Andy (May 14, 2014). "What Layer3 TV hopes to offer and why it's relocating HQ to Denver". Denver Post. Retrieved 5 June 2015.
  5. 1 2 3 Hempel, Jessi (April 10, 2016). "LAYER3 TV'S CRAZY PLAN TO TAKE ON COMCAST AND REINVENT CABLE". Wired. Retrieved 30 October 2016.
  6. ↑ https://www.cedmagazine.com/news/2012/05/technology-adds-former-broadbus-ceo-its-board [ dead link ]
  7. ↑ "Portrait of a ping-pong wiz: Jeff Binder". Highland Park Newspaper. November 3, 1997. p. 39.
  8. 1 2 3 Ellis, Leslie (July 8, 2005). "At the Front of the Broadbus: Jeff Binder". Multichannel News. Retrieved 5 June 2015.
  9. ↑ "Patents by Assignee Magic Music Cassette Company". Justia. Justia. Retrieved 5 June 2015.
  10. ↑ "The Internet - Media - Hollywood Connection - Ubiquitous Broadband - Ubiquitous Content". Digital Hollywood. Digital Hollywood. Retrieved 5 June 2015.
  11. ↑ Weisman, Robert (July 26, 2006). "Motorola to acquire Broadbus Technologies Boxborough firm's video-on-demand technology sought". Boston Globe. Retrieved 5 June 2015.
  12. ↑ "Motorola to Acquire Broadbus Technologies, Extend Portfolio of 'Seamless Video Anywhere' Solutions". Star Ventures. Star Ventures (via Motorola). Retrieved 5 June 2015.
  13. ↑ Viscarolasaga, Efrain (November 25, 2008). "New tech-focused investment funds dismiss down economy". Boston Business Journal. Retrieved 5 June 2015.
  14. ↑ Baumgartner, Jeff (December 22, 2008). "Cable Vets Launch VC Firm". Gigabit. Retrieved 6 June 2015.
  15. ↑ "Stocks". Bloomberg News .
  16. ↑ "Virtual-Cable Startup Layer3 TV Lands $51 Million Funding, Plans 2015 Launch". 4 June 2015.
  17. ↑ Spangler, Todd (May 14, 2012). "Broadbus Founder Takes Stake In VOD Ad Firm This Technology". Multichannel News. Retrieved 6 June 2015.
  18. ↑ "Comcast will fold Denver's This Technology into its Colorado tech hub, says CTO Werner - Denver Business Journal". Archived from the original on 2015-08-27.
  19. ↑ Jarvey, Natalie (June 3, 2015). "Cable Startup Layer3 TV Raises $51 Million (Exclusive)". The Hollywood Reporter. Retrieved 6 June 2015.
  20. ↑ "#19 - Layer3 TV". Forbes .
  21. ↑ "T-Mobile completes Layer3 TV acquisition" . Retrieved 2022-04-27.
  22. ↑ "Jeff Binder, former Layer3 TV CEO, has left T-Mobile" . Retrieved 2022-04-27.
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