Kevin O'Connor (entrepreneur)
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Kevin O'Connor (born April 4, 1961, in Livonia, Michigan (a suburb outside Detroit)[1]) is a co-founder of DoubleClick, an Internet advertisement-technology company, and the founder of O'Connor Ventures.
He received his bachelor's degree in 1983 from the University of Michigan[1] and co-founded Cincinnati-based Intercomputer Communications Corporation, a microcomputer to mainframe inter-connectivity company which achieved annual revenues of $35 million. When ICC was acquired by DCA in 1992, O'Connor eventually became its Chief Technology Officer and a Vice President of Research and Development.
Due to the growth of the nascent World Wide Web, O' Connor quit DCA in 1995. During 1995 O'Connor met Chris Klaus who had just started Internet Security Systems (ISS). O'Connor was the initial investor and recruited Tom Noonan to be CEO. ISS went public in 1999 and was sold to IBM Corp. for $1.4bb in 2006. In late 1995 O'Connor began DoubleClick with Dwight Merriman in O'Connor's basement in Alpharetta, Georgia (a northern suburb outside Atlanta), eventually moving the company to New York City to be closer to media companies and advertising agencies [1]. DoubleClick went public on Nasdaq in 1998. DoubleClick grew to over 2,400 employees in 25 countries though in the great "dot com bust" in 2000/2001 the company downsized to about 1,200 employees and in the process became very profitable. In 2005 the company was sold to private equity firm Hellman Friedman for about $1.2bb.
In 2007, Google announced their intention to acquire DoubleClick for $3.1 billion[2]
He is also co-author of the book The Map of Innovation: Creating Something Out of Nothing (ISBN 1400048311), which was published in 2003.
Today, Kevin O'Connor runs the venture capital firm O'Connor Ventures (www.oconnorventures.com) where he invests in early stage companies which include 9Star, Travidia, ProCore and CampusExplorer.
[edit] External references
Kevin is a Graduate of Detroit Catholic Central High School .
[edit] Notes
- ^ a b c Kevin O' Connor Biography (1961-). Biography Channel.
- ^ Louise Story and Miguel Helft (2007-04-14). Google Buys an Online Ad Firm for $3.1 Billion. New York Times.