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== Career ==
== Career ==
In 1987, he established Tao Commodities, Inc., and became a member of the Chicago Board of Trade where he was market maker in 30 yr US Treasury Bond Futures. in the late 80's, his father along with engineer Robert Scheffler, recruited Binder to develop the sales and marketing strategy for the a new duplicating technology. In 1991, he closed Tao to become the president and CEO of Magic Music, Inc.. Winning key contracts with Universal Music, MCA Records, Philips NV and Polygram, among others, the company became a provider of the first digital technology to mass-produce cassettes.{{citation needed|date=March 2016}} Magic Music ceased operations in 2001 as compact discs replaced cassettes as the dominant commercial format.<ref name=Multichannel /><ref>{{cite news|title=Capitol Readies Tapeless Duplication|url=https://books.google.com/books?id=FyQEAAAAMBAJ&pg=PT75&dq=capitol+readies+tapeless+duplication&hl=en&sa=X&ei=779xVaqbN4H3sAX00oDoBg&ved=0CDAQ6AEwAA#v=onepage&q=capitol%20readies%20tapeless%20duplication&f=false|accessdate=5 June 2015|publisher=Billboard|date=January 11, 1986}}</ref><ref name="Magic Music Patents">{{cite web|title=Patents by Assignee Magic Music Cassette Company|url=http://patents.justia.com/assignee/magic-music-cassette-company|website=Justia|publisher=Justia|accessdate=5 June 2015}}</ref><ref>{{cite news|last1=Kelly|first1=Heather|title=Rock on! The compact disc turns 30|url=http://www.cnn.com/2012/09/28/tech/innovation/compact-disc-turns-30/|accessdate=5 June 2015|publisher=CNN|date=October 2, 2012}}</ref>
In 1987, he established Tao Commodities, Inc., and became a member of the Chicago Board of Trade where he was market maker in 30 yr US Treasury Bond Futures. in the late 80's, his father along with engineer Robert Scheffler, recruited Binder to develop the sales and marketing strategy for the a new duplicating technology. In 1991, he closed Tao to become the president and CEO of Magic Music, Inc.. Winning key contracts with Universal Music, MCA Records, Philips NV and Polygram, among others, the company became a provider of the first digital technology to mass-produce cassettes.{{citation needed|date=March 2016}} Magic Music ceased operations in 2001 as compact discs replaced cassettes as the dominant commercial format.<ref name=Multichannel /><ref name="Magic Music Patents">{{cite web|title=Patents by Assignee Magic Music Cassette Company|url=http://patents.justia.com/assignee/magic-music-cassette-company|website=Justia|publisher=Justia|accessdate=5 June 2015}}</ref><ref>{{cite news|last1=Kelly|first1=Heather|title=Rock on! The compact disc turns 30|url=http://www.cnn.com/2012/09/28/tech/innovation/compact-disc-turns-30/|accessdate=5 June 2015|publisher=CNN|date=October 2, 2012}}</ref>


Binder continued in partnership with Scheffler, and in 1994 they launched Nanosoft, an offshore start-up which established development facilities in Chicago, Beijing and Seattle to incubate young technology companies. In 1995, he founded Leading Golf Companies, LLC, a technology-based marketing network and affinity program affiliated with the top 500 golf courses in North America as well as American Airlines, TWA, and Northwest. Binder and Leading Golf sold their online tee time portion of the business to Jack Nicklaus’ World Golf Network in 1999.<ref name=Multichannel /><ref name="Digital Hollywood">{{cite web|title=The Internet - Media - Hollywood Connection - Ubiquitous Broadband - Ubiquitous Content|url=http://www.dhsessions.com/Tuesday15Sp10.html|website=Digital Hollywood|publisher=Digital Hollywood|accessdate=5 June 2015}}</ref><ref>{{cite news|last1=Sirak|first1=Ron|title=Golf Plans? Set A Tee Time A Year In Advance Companies Setting Up System To Make Golf Dates By Telephone And On Internet|url=http://www.spokesman.com/stories/1997/mar/06/golf-plans-set-a-tee-time-a-year-in-advance/|accessdate=6 June 2015|publisher=Associated Press|date=March 6, 1997}}</ref>
Binder continued in partnership with Scheffler, and in 1994 they launched Nanosoft, an offshore start-up which established development facilities in Chicago, Beijing and Seattle to incubate young technology companies. In 1995, he founded Leading Golf Companies, LLC, a technology-based marketing network and affinity program affiliated with the top 500 golf courses in North America as well as American Airlines, TWA, and Northwest. Binder and Leading Golf sold their online tee time portion of the business to Jack Nicklaus’ World Golf Network in 1999.<ref name=Multichannel /><ref name="Digital Hollywood">{{cite web|title=The Internet - Media - Hollywood Connection - Ubiquitous Broadband - Ubiquitous Content|url=http://www.dhsessions.com/Tuesday15Sp10.html|website=Digital Hollywood|publisher=Digital Hollywood|accessdate=5 June 2015}}</ref><ref>{{cite news|last1=Sirak|first1=Ron|title=Golf Plans? Set A Tee Time A Year In Advance Companies Setting Up System To Make Golf Dates By Telephone And On Internet|url=http://www.spokesman.com/stories/1997/mar/06/golf-plans-set-a-tee-time-a-year-in-advance/|accessdate=6 June 2015|publisher=Associated Press|date=March 6, 1997}}</ref>

Revision as of 07:41, 17 June 2017

Jeff Binder
Born
Jeffery T. Binder

Chicago, Illinois
NationalityAmerican
Alma materHarvard University
Occupation(s)CEO, Layer3 TV Inc.
Years active1987 - present
Board member ofLayer3 TV, Inc.
This Technology, Inc.
InStock Fasteners, Inc.
AwardsBoston Business Journal
40 Under 40
Cablefax Top 100 Cable Heavy Hitters
Multichannel News Next Generation Leader
Websitewww.layer3tv.com

Jeff Binder is an American businessman. He is chairman and CEO of Layer3 TV. He previously headed Broadbus and This Technology, which were sold respectively to Motorola and Comcast.[1][2][3]

Early life

Binder began playing table tennis at 10, and was later ranked in the national Top 5 during his teen years.[4][5][3]

Career

In 1987, he established Tao Commodities, Inc., and became a member of the Chicago Board of Trade where he was market maker in 30 yr US Treasury Bond Futures. in the late 80's, his father along with engineer Robert Scheffler, recruited Binder to develop the sales and marketing strategy for the a new duplicating technology. In 1991, he closed Tao to become the president and CEO of Magic Music, Inc.. Winning key contracts with Universal Music, MCA Records, Philips NV and Polygram, among others, the company became a provider of the first digital technology to mass-produce cassettes.[citation needed] Magic Music ceased operations in 2001 as compact discs replaced cassettes as the dominant commercial format.[5][6][7]

Binder continued in partnership with Scheffler, and in 1994 they launched Nanosoft, an offshore start-up which established development facilities in Chicago, Beijing and Seattle to incubate young technology companies. In 1995, he founded Leading Golf Companies, LLC, a technology-based marketing network and affinity program affiliated with the top 500 golf courses in North America as well as American Airlines, TWA, and Northwest. Binder and Leading Golf sold their online tee time portion of the business to Jack Nicklaus’ World Golf Network in 1999.[5][8][9]

Binder and Scheffler co-founded Broadbus Technologies in 1999. Based in Boston, Broadbus built the first high-density, highly scalable DRAM-based server for video-on-demand (VOD), subscription video-on-demand (SVOD), and television-on-demand (TOD™) services. Broadbus quickly became the dominant player in the cable industriy’s launch of VOD andtime-shiftedd TV, with Liberty Global using its technology exclusively in Europe, and Comcast, Time Warner Cable, Charter, Adelphia and Rogers deploying the technology throughout the US and Canada. The company was sold to Motorola in 2006 for a reported $186 million. Following the acquisition, Binder served as a senior executive in the office of the CEO and general manager of theon-demandd solutions group within Motorola's $10B plus Connected Home Division.[10][11][12][3]

In 2008, Binder, former Broadbus partner Vin Bisceglia and advisory board chair David Fellows, previously the chief technology officer at Comcast, teamed to form Genovation Capital. A boutique private equity and venture VC fund which combined entrepreneurial and corporate-level operational experience, Genovation focused on media, communications, and the internet. It was partnered with both TPG and Silver Lake’s Sumeru fund.[13][14]

Binder and Fellows co-founded Layer3 TV in Boston in 2013; in 2014 the company was moved to Denver. Operating in stealth mode, Layer3 TV raised more than $21 million in Series A funding in March 2014,[15] and more than $60 million in a Series B round in June 2015, reportedly raising as much a $100 million to date .[16] Binder and Layer3 Denver Gazelles Award[17] In 2015, Layer3 was 19th on Forbes list of 50 hottest startups and tied with Comcast for runner up as best telecommunications service to work for by Colorado Biz magazine.[18][19]

Binder was chairman of the board of directors for This Technology, Inc., which was acquired by Comcast in August 2015. Binder serves on the board of directors for InStock Fasteners and was previously a member of the board of directors for the Greater Chicago Bank. Binder was named to Boston Business Journal's 40 under 40 in 2004, and to Multichannel News' Next Generation Leaders in 2005 and has been listed on the CableFax Top 100 Heavy Hitters.[20][20]

References

  1. ^ Spangler, Todd (March 14, 2014). "Not a Virtual MSO? 'Next-Gen Cable' Service Layer3 TV Launches with $21 Million in Funding". Variety. Retrieved 5 June 2015.
  2. ^ Vuong, Andy (May 14, 2014). "What Layer3 TV hopes to offer and why it's relocating HQ to Denver". Denver Post. Retrieved 5 June 2015.
  3. ^ a b c Hempel, Jessi (April 10, 2016). "LAYER3 TV'S CRAZY PLAN TO TAKE ON COMCAST AND REINVENT CABLE". Wired. Retrieved 30 October 2016.
  4. ^ "Portrait of a ping-pong wiz: Jeff Binder". Highland Park Newspaper. November 3, 1997. p. 39. {{cite news}}: |access-date= requires |url= (help)
  5. ^ a b c Ellis, Leslie (July 8, 2005). "At the Front of the Broadbus: Jeff Binder". Multichannel News. Retrieved 5 June 2015.
  6. ^ "Patents by Assignee Magic Music Cassette Company". Justia. Justia. Retrieved 5 June 2015.
  7. ^ Kelly, Heather (October 2, 2012). "Rock on! The compact disc turns 30". CNN. Retrieved 5 June 2015.
  8. ^ "The Internet - Media - Hollywood Connection - Ubiquitous Broadband - Ubiquitous Content". Digital Hollywood. Digital Hollywood. Retrieved 5 June 2015.
  9. ^ Sirak, Ron (March 6, 1997). "Golf Plans? Set A Tee Time A Year In Advance Companies Setting Up System To Make Golf Dates By Telephone And On Internet". Associated Press. Retrieved 6 June 2015.
  10. ^ White, Peter (July 26, 2006). "Motorola steps in for upstart DRAM VoD player Broadbus". Faultline. Retrieved 6 June 2015.
  11. ^ Weisman, Robert (July 26, 2006). "Motorola to acquire Broadbus Technologies Boxborough firm's video-on-demand technology sought". Boston Globe. Retrieved 5 June 2015.
  12. ^ "Motorola to Acquire Broadbus Technologies, Extend Portfolio of 'Seamless Video Anywhere' Solutions". Star Ventures. Star Ventures (via Motorola). Retrieved 5 June 2015.
  13. ^ Viscarolasaga, Efrain (November 25, 2008). "New tech-focused investment funds dismiss down economy". Boston Business Journal. Retrieved 5 June 2015.
  14. ^ Baumgartner, Jeff (December 22, 2008). "Cable Vets Launch VC Firm". Gigabit. Retrieved 6 June 2015.
  15. ^ Wilhelm, Alex (March 13, 2014). "Layer3 TV Announces A $21M Series A Round Of Funding For "Next Generation Cable"". TechCrunch. Retrieved 6 June 2015.
  16. ^ Jarvey, Natalie (June 3, 2015). "Cable Startup Layer3 TV Raises $51 Million (Exclusive)". The Hollywood Reporter. Retrieved 6 June 2015.
  17. ^ "City of Denver adds four more tech companies to 'gazelles' list | Tech+ — The Denver Post". Tech+. Retrieved 2016-11-01.
  18. ^ Solomon, Brian. "The Hottest Startups Of 2015". Forbes. Retrieved 2016-11-01.
  19. ^ "Best of Colorado 2015". www.cobizmag.com. Retrieved 2016-11-01.
  20. ^ a b Spangler, Todd (May 14, 2012). "Broadbus Founder Takes Stake In VOD Ad Firm This Technology". Multichannel News. Retrieved 6 June 2015.

External links

Retrieved from "https://en.wikipedia.org/w/index.php?title=Jeff_Binder&oldid=786096544"