List of companies founded by University of Pennsylvania alumni

Last updated

This is a list of companies founded by University of Pennsylvania alumni, including attendees who enrolled in degree-programs at University of Pennsylvania (UPenn) but did not eventually graduate. This list is not exhaustive, as it only includes notable companies of which the founding and development history is well recorded by reliable sources. In particular, subsidiaries are listed with their owners in parentheses.

Contents

University of Pennsylvania is a highly entrepreneurial university and its alumni have founded a variety of companies. [1] [2] According to PitchBook, from 2006 to 2017, UPenn produced 788 company founders as alumni or current students, creating 712 companies, fifth most among all universities in the world. [3] [4]

In this list, founders of a company which merged with other companies to form a new company are counted as founders of the new company. However, founders of a company which later dissolved into several successor companies are not counted as founders of those successor companies; this same rule applies to spin-off companies. Finally, a defunct company is a company that had stopped functioning completely (e.g., bankrupt) without dissolving, merging or being acquired.

Top companies by revenues

Fortune Global 500 (2017)

This list shows companies in Fortune Global 500 founded or co-founded by UPenn alumni. The cut-off revenue for 2017 Fortune Global 500 companies was $21,609M in 2016. [5]

CompanyRegionFortune Global 500

(2017) [6]

Revenue in US$ millions

(2016) [6]

TypeCategoryYear foundedComments
1 CVS United States 14177,526Public Health care 1963
2 Comcast United States7980,403Public Telecom 1963
3 Sysco United States17950,367PublicFood distribution1969
4 Cisco Systems, Inc. United States18749,247PublicHardware1984
5 Morgan Stanley*United States26737,949Public Finance 1931 (Reynolds Securities)

*:Merger of different companies, at least one of which was founded by UPenn alumni.

Fortune 1000 (2017)

This list shows companies in Fortune 1000 (only for companies within the U.S.) founded or co-founded by UPenn alumni. The cut-off revenue for 2017 Fortune 1000 companies was $1,791M in 2016. [7]

CompanyFortune 1000

(2017) [8]

Revenue in US$ millions

(2016) [8]

TypeCategoryYear foundedComments
1 CVS 7177,526PublicHealth care1963
2 Comcast 3180,403PublicTelecom1963
3 Sysco 5750,367PublicFood distribution1969
4 Cisco Systems, Inc. 6049,247PublicHardware1984
5 Morgan Stanley*7637,949PublicFinance1931 (Reynolds Securities)
6 BlackRock 25511,155Public Investment management 1988
7 PayPal*26410,842PublicFinancial services1999 (X.com)
8 Universal Health Services 27610,508PublicHospital management1978
9 Huntsman Corporation 2899,657PublicChemicals1970
10 Boston Scientific 3278,386PublicMedical device1979
11 H&R Block 7273,038PublicTax preparation1955

*:Merger of different companies, at least one of which was founded by UPenn alumni.

Former Fortune-listed companies

For each company, only the latest rankings (up to three years) are shown in this list.

CompanyFortune Global 500Fortune 1000TypeCategoryYear founded
1 Silicon Graphics ---876 (2003)738 (2002)625 (2001) [9] DefunctTechnology1981

Timeline

Index

This index also contains companies listed in section "Notable defunct & dissolved".

YearCompanies founded
2016 The Boring Company
2015 OpenAI
2014 Jet.com
2013 Luxe Stringr
2010 Metro Bank Snapdeal
2009 WhatsApp
2007 Invite Media Moelis & Company Zeta Global Zynga
2006 Fuze
2002 SpaceX PhillyCarShare

(Enterprise CarShare)

2000 Glenview Capital Management Indiegogo StubHub Vista Equity Partners
1999 JibJab X.com

(PayPal)

 Half.com
1998 AQR Capital Oxygen Media
1996 Alta Communications
1994 Cycorp Och-Ziff Capital Management
1992 Point72 Asset Management

(S.A.C. Capital Advisors)

1991 York Capital Management
1989 Leonard Green & Partners
1988 BlackRock
1986 QVC
1984 Cisco Systems, Inc.
1981 Silicon Graphics
1979 Boston Scientific Burr, Egan, Deleage & Co.
1978 Universal Health Services
1976 Blyth, Inc.
1975 Vanguard Group
1973 Commerce Bancorp W. P. Carey
1972 Porter Novelli
1971 Financo
1970 Huntsman Corporation
1969 Sysco
1968 J.D. Power and Associates
1964 Buffett Foundation

(Susan Thompson Buffett Foundation)

1963 Comcast CVS
1955 H&R Block
1931 Reynolds Securities

(Morgan Stanley)

1927 CBS
1926 Book of the Month Club
1891 Wrigley Company

Year 2000 – present

CompanyTypeStockCategoryYear foundedTotal foundersFounder/co-founder from UPenn
Fuze PrivateUCaaS20062 [10]
  1. Co-founder Derek Yoo (B.A.) [11]
Glenview Capital Management Private Hedge fund 20001 [12]
  1. Larry Robbins (B.S.) [12]
Indiegogo Private Crowdfunding 20003 [13]
  1. Co-founder Slava Rubin (B.S.) [14]
Invite Media (NASDAQ: GOOGL) Advertising 20074 [15]
  1. Nathaniel Turner (B.S.) [15]
  2. Zachary Weinberg (B.S.) [15]
  3. Michael Provenzano (B.S.) [15]
  4. Scott Becker (B.S.) [16]
Jet.com (NYSE: WMT) E-commerce 20143 [17]
  1. Co-founder Marc Lore (M.B.A.) [18]
Stringr Private Videography 20132 [19]
  1. Co-founder Lindsay Stewart (M.B.A.) [19]
  2. Co-founder Brian McNeill (M.B.A.) [20]
Luxe (Volvo Cars)Parking app20132 [21]
  1. Co-founder Curtis Lee (M.B.A.) [22]
Metro Bank Public LSE: MTROBank20101 [23]
  1. Vernon Hill (B.S.) [24]
Moelis & Company Public NYSE: MC Investment banking 20071 [25]
  1. Ken Moelis (B.S., M.B.A.) [25]
OpenAI Non-profitTechnology20152[ citation needed ]
  1. Co-founder Elon Musk (B.A.) [26]
Snapdeal PrivateE-commerce20102 [27]
  1. Co-founder Kunal Bahl (B.S.) [28]
SpaceX Private Aerospace/technology20021 [29]
  1. Elon Musk (B.A.) [26]
The Boring Company PrivateTechnology20161[ citation needed ]
  1. Elon Musk (B.A.) [26]
PhillyCarShare

/Enterprise CarShare

(Enterprise Holdings)Car sharing20025 [30]
  1. Co-founder Tanya Seaman (M.S.) [31]
  2. Co-founder Clayton Lane (B.S.) [32]
  3. Co-founder Eli Massar (B.A.) [33]
Vista Equity Partners Private Private equity 20002 [34]
  1. Co-founder Brian Sheth (B.S.) [34]
WhatsApp (NASDAQ: FB) Social media 20092[ citation needed ]
  1. Co-founder Brian Acton (undergraduate attendee) [35]
Zeta Global PrivateDigital marketing 20072 [36]
  1. Co-founder John Sculley (M.B.A.) [37]
Zynga Public NASDAQ: ZNGASocial video game 20075 [38]
  1. Co-founder Mark Pincus (B.S.) [39]

Year 1980 – 1999

CompanyTypeStockCategoryYear foundedTotal foundersFounder/co-founder from UPenn
Alta Communications Private Private equity 19962 [40]
  1. Co-founder William P. Egan (M.B.A.) [41]
AQR Capital Private Investment management 19984 [42] [43]
  1. Co-founder Cliff Asness (B.S.) [44]
BlackRock PublicNYSE: BLKInvestment management19888 [45]
  1. Co-founder Robert S. Kapito (B.S.) [46]
Cisco Systems, Inc. PublicNASDAQ: CSCOHardware19842 [47] [48]
  1. Co-founder Leonard Bosack (B.S.) [49]
Cycorp Private Artificial intelligence 19941 [50]
  1. Doug Lenat (B.A., M.S.) [51]
JibJab PrivateEntertainment studio19992 [52]
  1. Co-founder Gregg Spiridellis (M.B.A.) [53]
Leonard Green & Partners PrivatePrivate equity19891 [54]
  1. Leonard I. Green (M.B.A.) [54]
Och-Ziff Capital Management PublicNYSE: OZM Hedge fund 19941 [55]
  1. Daniel Och (B.S.) [55]
Oxygen Media (NASDAQ: CMCSA)TV channel19985 [56]
  1. Co-founder Geraldine Laybourne (M.S.) [57]
Point72 Asset Management

/S.A.C. Capital Advisors

PrivateHedge fund19921 [58]
  1. Steven A. Cohen (B.S.) [58]
QVC (NASDAQ: QRTEA)Home shopping19861 [59]
  1. Joseph Segel (B.S.) [59]
StubHub (NASDAQ: EBAY)Ticket exchange20002 [60]
  1. Co-founder Jeff Fluhr (B.S.) [61]
X.com (now PayPal)Public (merged)NASDAQ: PYPLFinancial services1999 (X.com)1 [62] (X.com)
  1. Elon Musk (B.A.) [26]
York Capital Management PrivateInvestment management19911 [63]
  1. Jamie Dinan (B.S.) [63]

Year 1960 – 1979

CompanyTypeStockCategoryYear foundedTotal foundersFounder/co-founder from UPenn
Blyth, Inc. (NYSE: CG)Home accessories19761 [64]
  1. Robert B. Goergen (M.B.A.) [65]
Boston Scientific PublicNYSE: BSXMedical device19792 [66]
  1. Co-founder Peter Nicholas (M.B.A.) [67]
Buffett Foundation

/Susan Thompson Buffett Foundation

Non-profitFoundation1964 [68] 1 [69]
  1. Warren Buffett (undergraduate attendee) [70]
Comcast PublicNASDAQ: CMCSATelecom19633 [71]
  1. Co-founder Ralph J. Roberts (B.A.) [72] [73]
  2. Co-founder Julian A. Brodsky (B.A.) [74] [75]
CVS PublicNYSE: CVSHealth care19633 [76] [77]
  1. Co-founder Stanley Goldstein (B.A.) [78]
Financo PrivateInvestment banking19711 [79]
  1. Gilbert W. Harrison (B.S, J.D) [79]
Huntsman Corporation PublicNYSE: HUNChemicals19701 [80]
  1. Jon Huntsman Sr. (B.S.) [81]
J.D. Power and Associates PrivateMarketing research19681 [82]
  1. James David Power III (M.B.A.) [83]
Porter Novelli (NYSE: OMC) Public relations 19722 [84]
  1. Co-founder William Novelli (B.A., M.A.) [85]
Sysco PublicNYSE: SYYFood distribution19693 [86]
  1. Co-founder Herbert Irving (B.A., M.A.) [87]
Universal Health Services PublicNYSE: UHSHospital management19781 [88]
  1. Alan B. Miller (M.B.A.) [88]
Vanguard Group PrivateInvestment management19751 [89]
  1. John C. Bogle (graduate attendee) [90]
W. P. Carey PublicNYSE: WPCReal estate investment19731 [91]
  1. William P. Carey (B.S.) [92]

Before 1960

CompanyTypeStockCategoryYear foundedTotal foundersFounder/co-founder from UPenn
Book of the Month Club (Pride Tree Holdings)E-subscription19261 [93]
  1. Harry Scherman (undergraduate attendee) [94]
CBS (NYSE: CBS)Broadcasting19271 [95]
  1. William S. Paley (B.S.) [96]
H&R Block PublicNYSE: HRBTax preparation19552 [97]
  1. Co-founder Richard Bloch (B.A.) [98]
Reynolds Securities

—> Dean Witter Reynolds

—> Morgan Stanley

—> Public (merged)NYSE: MSFinance1931 (Reynolds)3 (Reynolds) [99]
  1. Co-founder Richard S. Reynolds Jr. (B.S.) [100]
  2. Co-founder Charles H. Babcock (B.S.) [101]
Wrigley Company (Mars, Incorporated)Food18911 [102]
  1. William Wrigley Jr. (M.B.A.) [103]

Notable defunct & dissolved

CompanyTypeStockCategoryYear foundedTotal foundersFounder/co-founder from UPenn
Burr, Egan, Deleage & Co. DissolvedPrivate equity19793 [104]
  1. Co-founder William P. Egan (M.B.A.) [41]
Commerce Bancorp DefunctBank19731 [105]
  1. Vernon Hill (B.S.) [24]
Half.com DefunctOnline shopping19992 [106]
  1. Co-founder Josh Kopelman (B.S.) [107]
Silicon Graphics Defunct (bankrupt)Technology1981Unknown [108]
  1. Co-founder David J. Brown (B.S., M.S.) [109]

See also

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