Mike Cassidy is an American entrepreneur. He was CEO and co-founder of five Internet start-ups, including Stylus Innovation, Direct Hit, Xfire, Ruba.com, [1] and Apollo Fusion.
In January 2012, he became director of product management and, subsequently, a Vice President [2] at Google. Cassidy also led Project Loon [3] with Google[x].
Cassidy was educated at the Massachusetts Institute of Technology (BS '85, MS '86 in Aerospace Engineering), Harvard Business School (1991), and studied jazz piano at the Berklee College of Music. [4]
His first success, Stylus Innovation, was started with $500 each from Cassidy and his two co-founders, Krisztina Holly and John Barrus, and subsequently won the MIT 10K (now called the MIT $100K Entrepreneurship Competition). [5] The company was later sold to Artisoft for $13 million in 1996. [6] His second effort was early Internet search engine Direct Hit, sold to Ask Jeeves for $532.5 million in January 2000, only 500 days after launch. [7] Cassidy's next effort was Xfire, a freeware instant messaging service aimed at gamers. Xfire was sold to Viacom on April 25, 2006 for $110 million.
After a stint as an EIR at Benchmark Capital, [8] Cassidy founded Ruba with Arnaud Weber, [9] who was previously a technical lead for the Chrome browser project at Google. Ruba was acquired by Google in May, 2010. [10]
In April 2017, it was reported he was working on a clean energy startup, Apollo Fusion, using a hybrid reactor technology based on fusion power. [11] Cassidy co-founded and served as CEO of Apollo Fusion before the company was acquired by Astra (NASDAQ:ASTR) on June 7, 2021 for $145 million. [12]
Cassidy is perhaps best known for promoting "speed as the primary business strategy." He has given numerous talks on the subject, and his Slideshare presentation has received over 75,900 views. [13]
Cassidy is the recipient of the DEMO Lifetime Achievement award. [14]
Gartner, Inc. is an American technological research and consulting firm based in Stamford, Connecticut, that conducts research on technology and shares this research both through private consulting as well as executive programs and conferences. Its clients include large corporations, government agencies, technology companies, and investment firms.
Symyx Technologies, Inc. was a company that specialized in informatics and automation products. Symyx provided software solutions for scientific research, including Enterprise Laboratory Notebooks and products for combinatorial chemistry. The software part of the business became part of Accelrys, Inc. in 2010 and then in 2014 this company merged with Dassault Systèmes. Symyx also offered laboratory robotics systems for performing automated chemical research, which in 2010 was spun out as Freeslate, Inc.
AstraZeneca plc (AZ) is a British-Swedish multinational pharmaceutical and biotechnology company with its headquarters at the Cambridge Biomedical Campus in Cambridge, England. It has a portfolio of products for major diseases in areas including oncology, cardiovascular, gastrointestinal, infection, neuroscience, respiratory, and inflammation. It was involved in developing the Oxford–AstraZeneca COVID-19 vaccine.
Arthur D. Little is an international management consulting firm originally headquartered in Boston, Massachusetts, United States, founded in 1886 and formally incorporated in 1909 by Arthur Dehon Little, an MIT chemist who extended the applications of cellulose acetate, especially its use as artificial silk. Arthur D. Little pioneered the concept of contracted professional services. The company played key roles in the development of business strategy, operations research, the word processor, the first synthetic penicillin, LexisNexis, SABRE, and NASDAQ. Today the company is a multinational management consulting firm operating as a partnership.
Xfire was a proprietary freeware instant messaging service for gamers that also served as a game server browser with various other features. It was available for Microsoft Windows. Xfire was originally developed by Ultimate Arena based in Menlo Park, California.
Vertical Communications, Inc. is a corporation that specializes in cloud and premises-based private branch exchanges, i.e., business telephone systems. Vertical Communications changed its name on January 1, 2005 from Artisoft, Inc. after acquiring Vertical Networks in September 2004. In September 2005, Vertical Communications acquired Comdial. On December 1, 2006, Vodavi Technology was acquired by Vertical Communications.
Dennis Fong, better known by his online alias Thresh, is an American businessman and retired professional player of the first-person shooter video games Quake and Doom. He is a co-founder of Xfire, an instant messenger and social networking site for gamers, which was acquired by Viacom for US$102 million in April 2006. He also co-founded Lithium Technologies, a social customer relationship management (CRM) company. In his playing career his highest profile victory came in 1997 at the Red Annihilation Quake tournament, where he placed first and won id Software CEO John Carmack's Ferrari 328. Fong is recognized by the Guinness World Records as the first professional gamer.
Apollo Hospitals Enterprise Limited is an Indian multinational healthcare group headquartered in Chennai. It is the largest for-profit private hospital network in India, with a network of 71 owned and managed hospitals. Along with the eponymous hospital chain, the company also operates pharmacies, primary care and diagnostic centres, telehealth clinics, and digital healthcare services among others through its subsidiaries.
Shutterfly, LLC. is an American photography, photography products, and image sharing company, headquartered in San Jose, California. The company is mainly known for custom photo printing services, including books featuring user-provided images, framed pictures, and other objects with custom image prints, including blankets or mobile phone cases. The company has a variety of sub-brands including the main Shutterfly photo gift business, TinyPrints, SnapFish, Spoonflower, Shutterfly Business Solutions, and Lifetouch.
Arris International Limited is an American telecommunications equipment company engaged in data, video and telephony systems for homes and businesses. On April 4, 2019, Arris was acquired by network infrastructure provider CommScope.
NetObjects, Inc. is a software company founded in 1995 by Samir Arora, David Kleinberg, Clement Mok and Sal Arora. The company is best known for the development of NetObjects Fusion, a web design application for small and medium enterprises with designers who need complete control over page layout and a similar user interface as desktop publishing applications.
Metaweb Technologies, Inc. was a San Francisco–based company that developed Freebase, described as an "open, shared database of the world's knowledge". The company was co-founded by Danny Hillis, Veda Hlubinka-Cook and John Giannandrea in 2005.
Apollo Global Management, Inc. is an American asset management firm that primarily invests in alternative assets. As of 2022, the company had $548 billion of assets under management, including $392 billion invested in credit, including mezzanine capital, hedge funds, non-performing loans, and collateralized loan obligations, $99 billion invested in private equity, and $46.2 billion invested in real assets, which includes real estate and infrastructure. The company invests money on behalf of pension funds, financial endowments, and sovereign wealth funds, as well as other institutional and individual investors.
General Fusion is a Canadian company based in Richmond, British Columbia, which is developing a fusion power technology based on magnetized target fusion (MTF). The company was founded in 2002 by Dr. Michel Laberge. The company has more than 150 employees.
Fusion-io, Inc. was a computer hardware and software systems company based in Cottonwood Heights, Utah, that designed and manufactured products using flash memory technology. The Fusion ioMemory was marketed for applications such as databases, virtualization, cloud computing, big data. Their ioDrive product was considered around 2011 to be one of the fastest storage devices on the market.
SlideShare is an American hosting service, now owned by Scribd, for professional content including presentations, infographics, documents, and videos. Users can upload files privately or publicly in PowerPoint, Word, PDF, or OpenDocument format. Content can then be viewed on the site itself, on mobile devices or embedded on other sites. SlideShare also provides users the ability to rate, comment on, and share the uploaded content. Launched on October 4, 2006, the service positioned itself to be similar to YouTube, but for presentations. The company was acquired by LinkedIn in 2012, and then by Scribd in 2020.
CareFusion was a medical company specializing in two areas: reducing medication errors and prevention of health care-associated infections.
X Development LLC, doing business as X, is an American semi-secret research and development facility and organization founded by Google in January 2010. X has its headquarters about a mile and a half from Alphabet's corporate headquarters, the Googleplex, in Mountain View, California.
Astra Space, Inc., formerly known as Ventions, LLC from 2005 - 2016, is an American space company based in Alameda, California, with facilities in Sunnyvale, California and Atwater, California. The company was initially an aerospace technology research firm that focused on SBIR contracts, developing small rocket engines for use on launch vehicles and satellite propulsion. In 2012, the company shifted to developing launch vehicles and was selected for the DARPA ALASA program, eventually leading to the development and launch of the Astra Rocket series of launch vehicle utilizing both government and private funding after reincorporating itself to Astra Space, Inc. in 2016. The company would have their first successful launch in 2021, nine years after the start of development, after 6 previous failed attempts.
Loon LLC was an Alphabet Inc. subsidiary working on providing Internet access to rural and remote areas. The company used high-altitude balloons in the stratosphere at an altitude of 18 km (11 mi) to 25 km (16 mi) to create an aerial wireless network with up to 1 Mbit/s speeds. A reference to the balloons used, Project Loon began as a research and development project by X in 2011, but later spun out into a separate company in July 2018. In January 2021, it was announced that the company would be shut down due to lack of profitability.