Tige Savage

Last updated
Tige Savage
Born (1968-09-30) September 30, 1968 (age 55)
Boulder, Colorado, United States
Alma mater University of Michigan
Occupation(s)Co-founder, Managing Partner, Investor

Tige Savage (born September 30, 1968) is an American investor, co-founder of Revolution LLC, a principal investment firm based in Washington, D.C., and a managing partner at Revolution Ventures, which has investments in companies such as Bloomscape, BrightCellars, Casted GoodBuy Gear, Mint House, Policygenius, Sila and Wagmo. He was a key investor in LivingSocial in its founding years. [1]

Contents

Career

Savage was an executive at Riggs National Corporation in the mid-1990s; he simultaneously served on the board of directors of Allbritton Communications Company. From 1998 to 2000, he managed technology and media sector investments as executive vice president of Riggs Capital Partners. [2]

From 2001 to 2003, Savage managed investments in technology and media companies as vice president of Time Warner Ventures. [3]

In 2005, Savage co-founded Revolution with partners Steve Case and Donn Davis; [4] Savage leads Revolution's early-stage venture capital investing activities as managing partner of Revolution Ventures. [5]

Savage was named one of Washington, DC's “100 Top Tech Titans” [6] by Washingtonian Magazine in 2011, 2018, 2019 and 2021. In 2013 he was named Financier of the Year at the Northern Virginia Technology Council Annual Awards. [7] Savage has been interviewed by The Wall Street Journal, [8] Business Insider, [9] MIT Technology Review, [10] The Motley Fool, [11] Consumer VC and This Week in Venture Capital [12] about Revolution's investment philosophy.

Savage was credited for his role in developing LivingSocial's strategy in a profile of the company in The Washington Post. [13] In 2012, he wrote an online review of e-commerce technology platforms. [14]

Life and education

Savage holds a Masters in Business Administration from the University of Michigan's Ross School of Business and a Bachelor of Arts degree from James Madison University. He was born in Boulder, Colorado. [2]

Board seats

Savage currently holds seats on the Board of Directors of Anduin, Mint House and Place Exchange among other companies. Previous Board seats include Framebridge (acquired by Graham Holdings Co.) Homesnap (acquired by CoStar), LivingSocial (acquired by Groupon), Zipcar and Flexcar (acquired by Avis), HelloWallet [15] (acquired by MorningStar and most recently by KeyCorp [16] ), OrderUp (acquired by Groupon), Booker (acquired by MindBody) and Revolution Money, [9] (acquired by American Express). [17]

Related Research Articles

<span class="mw-page-title-main">Steve Case</span> Businessman and former CEO of AOL

Stephen McConnell Case is an American businessman, investor, and philanthropist best known as the former chief executive officer and chairman of America Online (AOL). Case joined AOL's predecessor company, Quantum Computer Services, as a marketing vice-president in 1985, became CEO of the company in 1991, and, at the height of the dot-com bubble in 2000, orchestrated with Gerald M. Levin the merger that created AOL Time Warner, described as "the biggest train wreck in the history of corporate America."

<span class="mw-page-title-main">Steve Jurvetson</span> American entrepreneur and venture capitalist

Stephen T. Jurvetson is an American billionaire businessman and venture capitalist. Formerly a partner of the firm Draper Fisher Jurvetson (DFJ), he was an early investor in Hotmail, Memphis Meats, Mythic and Nervana Systems. He is currently a board member of SpaceX among others. He later co-founded the firm Future Ventures with Maryanna Saenko, who worked with him at DFJ.

<span class="mw-page-title-main">Jean Case</span> American businesswoman

Jean Case is an American businesswoman, author, and philanthropist who is chair of the board of National Geographic, CEO of Case Impact Network, and CEO of the Case Foundation. She is married to AOL co-founder Steve Case.

<span class="mw-page-title-main">Eric Lefkofsky</span> American billionaire businessman (born 1969)

Eric Paul Lefkofsky is an American billionaire businessman. He is the founder of Tempus, and the co-founder of Groupon, Echo Global Logistics (ECHO), InnerWorkings (INWK), and Mediaocean. As of June 2024, he is also a co-managing partner of Chicago-based venture capital firm Lightbank. As of October 2021, his net worth was estimated at US$4.1 billion.

<span class="mw-page-title-main">Revolution LLC</span> American investment firm

Revolution LLC is an American investment firm based in Washington, D.C., founded in 2005 by AOL co-founder Steve Case, after leaving the AOL Time Warner board. The firm seeks to fund entrepreneurs who are transforming legacy industries with innovative products and services, with an overarching focus on companies that are based outside of the coastal tech hubs of New York City, San Francisco, and Boston. Through the firm's Rise of the Rest platform, it has developed a network of business and civic relationships that helps Revolution source investments and support existing companies as they seek to expand across the country. Notable investments include LivingSocial, Zipcar, DraftKings, and sweetgreen.

<span class="mw-page-title-main">Groupon</span> American worldwide e-commerce marketplace

Groupon, Inc. is an American global e-commerce marketplace connecting subscribers with local merchants by offering activities, travel, goods and services in 13 countries. Based in Chicago, Groupon was launched there in November 2008, launching soon after in Boston, New York City and Toronto. By October 2010, Groupon was available in 150 cities in North America and 100 cities in Europe, Asia and South America, and had 35 million registered users. By the end of March 2015, Groupon served more than 500 cities worldwide, nearly 48.1 million active customers and featured more than 425,000 active deals globally in 48 countries.

Christopher M. Schroeder is an American entrepreneur, advisor, author, and investor in interactive technologies and social communications.

<span class="mw-page-title-main">LivingSocial</span> Company purchased by Groupon

LivingSocial is an online marketplace that allows its registered users to buy and share things to do in their city. Formerly headquartered in Washington, D.C., LivingSocial had roughly 70 million members around the world in 2013. The company shrank from a peak of 4,500 employees in 2011 to about 200 in 2016. LivingSocial was purchased by Groupon in 2016.

Upserve, originally Swipely, provides a restaurant management platform which allows independent full-service restaurants to run and manage their entire business. The Platform is made up of restaurant-specific point of sale (POS) software, payments, and analytics, online ordering, loyalty, and marketing tools designed specifically for restaurants. At the center of the Upserve Platform is the cloud-based Upserve POS, a point of sale system that Upserve acquired from Groupon in 2016.

<span class="mw-page-title-main">Mark Suster</span>

Mark Suster is an American businessman and investor. He is a managing partner at Upfront Ventures, the largest venture capital firm in Los Angeles. Aside from his business career, Suster is also a prominent blogger in the American high-technology startup scene and venture capital world.

HelloWallet is an online and mobile application for employees founded by former Brookings Institution scholar Matt Fellowes and based in Washington, DC. It provides personalized financial guidance to members and relies on behavioral economics to incentivize workers to implement its advice.

9flats is an online marketplace enabling people to lease or rent short-term lodging. The company does not own any lodging; it is merely a broker and receives commissions from both guests and hosts in conjunction with every booking.

Sanju K. Bansal is an Indian-American businessman, the co-founder of MicroStrategy, a worldwide provider of enterprise software platforms for business intelligence (BI), mobile software, big data and cloud-based services. He served as the company's vice chairman of the board of directors and executive vice president till November 14, 2013. From 1993-2012, he served as chief operating officer of MicroStrategy. Bansal serves or has served as a member of the board of directors of CSRA, a technology services provider to the US government, Cvent, a cloud-based event management software provider, and The Advisory Board Company, a technology research services company.

Matt Fellowes is an American financial technology entrepreneur. He is the founder and CEO of United Income, a retirement-focused online investment management, and financial planning company based in Washington, D.C. He previously founded financial planning technology company HelloWallet, which was acquired by Morningstar, Inc. in 2014 for $52.5 million.

<span class="mw-page-title-main">Lightbank</span> American venture capital investments firm

Lightbank is a financial organization that specializes in making venture capital investments including seed investments, Series A round and late-stage investments in companies across the United States. The company was founded in 2010, and is headquartered in Chicago, Illinois, United States.

Blockchain.com is a cryptocurrency financial services company. The company began as the first Bitcoin blockchain explorer in 2011 and later created a cryptocurrency wallet that accounted for 28% of bitcoin transactions between 2012 and 2020. It also operates a cryptocurrency exchange and provides institutional markets lending business and data, charts, and analytics.

Social Capital, formerly known as Social+Capital Partnership, is a venture capital firm based in Palo Alto, California. The firm specializes in technology startups, providing seed funding, venture capital, and private equity.

Upfront Ventures, formerly known as GRP Partners, is a Santa Monica-based venture capital firm that invests in early-stage technology companies. It is one of the largest venture capital firms in Los Angeles, with $2 billion in total raised funds. Since its founding in 1996, Upfront Ventures has invested in more than 200 companies, with notable exits including Ulta, Overture, PayPal Credit, TrueCar, Disney Digital Network, Kyriba, and Ring.

<span class="mw-page-title-main">Donn Davis</span> Founder of PFL

Donn Davis is an American venture capitalist and entrepreneur. He is founder, chairman and co-owner of the Professional Fighters League, co-owner of e-sports team Team Liquid and founding partner of the investment firm Revolution LLC.

<span class="mw-page-title-main">Dan Reich</span> American entrepreneur

Dan Reich is an American entrepreneur, investor and philanthropist. He has co-founded Spinback, Tula, Dibs Beauty and Troops.ai.

References

  1. Suster, Mark (13 February 2011). "Revolution Co-founder Talks Living Social, Zipcar, Steve Caes, And Groupon Super Bowl Ads". Business Insider. Retrieved 13 January 2015.
  2. 1 2 "Tige Savage". Revolution. Retrieved 2012-09-15.
  3. Foster, Richard (28 January 2012). "Divine intervention 'Super angels' formalize their investments in startups". Virginia Business. Retrieved 13 January 2015.
  4. Rusli, Evelyn M. (2011-04-04). "In Race With Groupon, LivingSocial Raises $400 Million". The New York Times.
  5. Reeder, Robert. "Steve Case, right, meets in his District office with two of his Revolution executives". The Washington Post.
  6. "Washington's Tech Titans | People & Politics". Washingtonian. 2009-05-01. Retrieved 2012-09-15.
  7. "Northern Virginia Technology Council Congratulates 2013 Greater Washington Technology CFO Award Winners". nvtc.org. North Virginia Technology Council.
  8. Savage, Tige (13 October 2013). "Savage: Live By Your Numbers". The Wall Street Journal.
  9. 1 2 Mark Suster (2011-02-13). "Revolution Co-founder Talks Living Social, Zipcar, Steve Case, And Groupon Super Bowl Ads - Business Insider". Articles.businessinsider.com. Archived from the original on 2013-01-19. Retrieved 2012-09-15.
  10. Regalado, Antonio (4 November 2013). "It's All E-Commerce Now". MIT Technology Review.
  11. Sankin, Aaron (6 April 2014). "Why Tech Startups Should Consider Abandoning Silicon Valley". The Motley Fool.
  12. "Venture Capital - This Week in Venture Capital - Tige Savage Co Founder of Revolution". YouTube. 2011-02-10. Retrieved 2012-09-15.
  13. Steven Overly and Thomas Heath (2011-02-24). "At IPO-ready LivingSocial, you get the deals — and it gets the riches". The Washington Post. Retrieved 2012-09-15.
  14. "Online Services: the Next E-Commerce". Revolution. 2012-03-19. Retrieved 2012-09-15.
  15. Revolution Team (29 May 2014). "Hello wallet Acquired by Morningstar". Revolution LLC.
  16. "Key to acquire HelloWallet from MorningStar in latest fintech bid". Crain's Cleveland Business. 2017-05-31. Retrieved 2017-08-03.
  17. "American Express Completes Acquisition of Revolution Money". About.americanexpress.com. 2010-01-15. Retrieved 2012-09-15.