Ale Resnik

Alejandro Resnik

Ale Resnik, CEO Beepi
Born April 18, 1982
Buenos Aires, Argentina
Residence Palo Alto, California
Nationality Argentinian and American
Alma mater Massachusetts Institute of Technology, Instituto Tecnologico de Buenos Aires, ORT
Occupation Entrepreneur
Known for CEO and Co-Founder, Beepi

Alejandro “Ale” Resnik is an Argentinian-born, American serial entrepreneur who is the CEO and co-founder of Beepi, a peer-to-peer marketplace for buying and selling automobiles.[1] Beepi is the fourth company founded by Resnik; in 2014, Resnik was named a Top Innovator Under 35 by the MIT Technology Review.[2]

Early life and education

Resnik was raised in Argentina and at the age of 18, he founded his first start up, a domain registrar named LatinDominios.com.[3][4] In 2000, he received an undergraduate degree in Information Technology from ORT in Argentina and in 2006, a degree in industrial engineering from the Buenos Aires Institute of Technology (Instituto Tecnologico de Buenos Aires).[2] In 2011, Resnik entered the Massachusetts Institute of Technology and in 2013, graduated with an MBA from the Sloan School of Management in the Entrepreneurship and Innovation Track.[3]

Career

Global Vitamins

In 2005, Resnik founded Global Vitamins, LTD, and became its CEO. The subscription-based e-commerce company, which sold vitamins and nutritional supplements directly to consumers, marketed to clients in Latin America and Europe. It eventually expanded to include six European countries. Resnik sold the 75-person company in 2011 to attend MIT.[2][4]

Beepi

Beepi is a "peer-to-peer" online marketplace (see social peer-to-peer processes), with Beepi providing value-added services like a car inspection process, a fixed price, a 10-day return policy, in exchange for up to a 9% commission.[5][6][7] Resnik said that he was inspired to create Beepi with co-founder Owen Savir, after a negative experience with a used Jeep Liberty, that he purchased while at MIT. The used car caught fire and the dealer wouldn’t take it back, so he sued, eventually winning a settlement.[8][9][10]

Resnik has raised $79 million to date for Beepi.[11][12][13] He raised initial seed capital for Beepi from angel investors who included Fabrice Grinda, founder and CEO of OLX; Brian Sharples, the founder and CEO of HomeAway, and Shervin Pishevar, who is a Managing Director and co-founder at Sherpa Ventures.[6] Pishevar previously was a lead investor in Uber.[14][15] Resnik announced a Series B investment of $60 million that included Foundation Capital, Redpoint Ventures, Sherpa Venture and various angel investors;[6] a $12.7 million follow-on investment included the Russian Internet investor Yuri Milner and the largest-ever investment by crowd-funding platform AngelList.[16]

Awards

Top Innovator Under 35 by the MIT Technology Review in 2014.[2] A jury member for the MIT Technology Review prize said the Resnik had created "an innovative model and disruptor for the American market" and added that the Beepi project has contributed "innovation in the field of electronic commerce." [9]

MIT Legatum Fellowship for Development and Entrepreneurship; "Global Young Jewish Leader" by the State of Israel for work on Future Generations Program of the World Jewish Congress Latin America.[17]

References

  1. ↑ Lawler, Ryan (September 5, 2014). "Peer-To-Peer Auto Marketplace Beepi Adds A ‘Prime’ Option, Now Shipping To 140 Cities". Techcrunch.com. TechCrunch. Retrieved February 5, 2015.
  2. ↑ 2.0 2.1 2.2 2.3 "MIT Technology Review in Spanish". MIT Technology Review. MIT. November 12, 2014. Retrieved February 5, 2015.
  3. ↑ 3.0 3.1 "MIT Sloan Newsroom". MIT.edu. MIT. October 31, 2014. Retrieved February 5, 2014.
  4. ↑ 4.0 4.1 Herrera, Clarissa (October 15, 2014). "Beepi o cómo conseguir USD 60 M en seis meses para transformar la compra-venta de autos". Pulso Social. Retrieved February 9, 2015.
  5. ↑ Manjoo, Farhad (April 22, 2015). "An Online Tune-Up for the Used-Car Marketplace". The New York Times. Retrieved April 22, 2015.
  6. ↑ 6.0 6.1 6.2 Chapman, Lizette (October 7, 2014). "The Wall Street Journal". Beepi raises $60 million to sell used cars to the smart. Retrieved February 5, 2015.
  7. ↑ della Cava, Marco (April 8, 2015). "Beepi brings Uber-like ease to used-car shopping". USA Today. Retrieved April 13, 2015.
  8. ↑ Forbes, Thom (October 8, 2014). "Beep! Beep! Peer-To-Peer Comes To The Used-Car Marketplace". Media Post. Retrieved February 5, 2015.
  9. ↑ 9.0 9.1 Sanchez, Maria (November 12, 2014). "Innovadores Menores de 35 / Alejandro Resnki, 32". MIT Technology Review in Spanish. Retrieved February 9, 2015.
  10. ↑ Hanft, Adam (May 23, 2014). "Finally Someone Is Sending Car Salesmen to the Junkyard: An Interview with Ale Resnik, Co-Founder of Beepi.". Huffington Post. Retrieved February 10, 2015.
  11. ↑ Cao, Jing (April 8, 2015). "Beepi Expands Reach of Service That’s Like Zappos for Used Cars". Bloomberg Business Week. Retrieved April 13, 2015.
  12. ↑ "Next Billion Dollar Start Ups: Beepi". Forbes. April 15, 2015. Retrieved April 18, 2015.
  13. ↑ "Beepi". CrunchBase. TechCrunch. Retrieved 13 February 2015.
  14. ↑ "Business Wire". OLX Announces Expansion in Eleven International Markets. September 6, 2014. Retrieved February 5, 2015.
  15. ↑ "Crunchbase". Crunchbase. TechCrunch. Retrieved February 5, 2015.
  16. ↑ Del Rey, Jason (December 30, 2014). "Used Car Site Beepi Lands $12 Million From Yuri Milner and AngelList’s Largest Ever Investment". Re/Code. Retrieved February 9, 2015.
  17. ↑ "MIT.edu". MIT.edu. MIT. 2012. Retrieved February 5, 2015.