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List of companies founded by University of Pennsylvania alumni

From Wikipedia - Reading time: 13 min

This is a list of companies founded by University of Pennsylvania alumni, including attendees who enrolled in degree-programs at University of Pennsylvania (UPenn) but did not eventually graduate. This list is not exhaustive, as it only includes notable companies of which the founding and development history is well recorded by reliable sources. In particular, subsidiaries are listed with their owners in parentheses.

University of Pennsylvania is a highly entrepreneurial university and its alumni have founded a variety of companies.[1][2] According to PitchBook, from 2006 to 2017, UPenn produced 788 company founders as alumni or current students, creating 712 companies, fifth most among all universities in the world.[3][4]

In this list, founders of a company which merged with other companies to form a new company are counted as founders of the new company. However, founders of a company which later dissolved into several successor companies are not counted as founders of those successor companies; this same rule applies to spin-off companies. Finally, a defunct company is a company that had stopped functioning completely (e.g., bankrupt) without dissolving, merging or being acquired.

Top companies by revenues[edit]

Fortune Global 500 (2017)[edit]

This list shows companies in Fortune Global 500 founded or co-founded by UPenn alumni. The cut-off revenue for 2017 Fortune Global 500 companies was $21,609M in 2016.[5]

Company Region Fortune Global 500

(2017)[6]

Revenue in US$ millions

(2016)[6]

Type Category Year founded Comments
1 CVS United States 14 177,526 Public Health care 1963
2 Comcast United States 79 80,403 Public Telecom 1963
3 Sysco United States 179 50,367 Public Food distribution 1969
4 Cisco Systems, Inc. United States 187 49,247 Public Hardware 1984
5 Morgan Stanley* United States 267 37,949 Public Finance 1931 (Reynolds Securities)

*: Merger of different companies, at least one of which was founded by UPenn alumni.

Fortune 1000 (2017)[edit]

This list shows companies in Fortune 1000 (only for companies within the U.S.) founded or co-founded by UPenn alumni. The cut-off revenue for 2017 Fortune 1000 companies was $1,791M in 2016.[7]

Company Fortune 1000

(2017)[8]

Revenue in US$ millions

(2016)[8]

Type Category Year founded Comments
1 CVS 7 177,526 Public Health care 1963
2 Comcast 31 80,403 Public Telecom 1963
3 Sysco 57 50,367 Public Food distribution 1969
4 Cisco Systems, Inc. 60 49,247 Public Hardware 1984
5 Morgan Stanley* 76 37,949 Public Finance 1931 (Reynolds Securities)
6 BlackRock 255 11,155 Public Investment management 1988
7 PayPal* 264 10,842 Public Financial services 1999 (X.com)
8 Universal Health Services 276 10,508 Public Hospital management 1978
9 Huntsman Corporation 289 9,657 Public Chemicals 1970
10 Boston Scientific 327 8,386 Public Medical device 1979
11 H&R Block 727 3,038 Public Tax preparation 1955

*: Merger of different companies, at least one of which was founded by UPenn alumni.

Former Fortune-listed companies[edit]

For each company, only the latest rankings (up to three years) are shown in this list.

Company Fortune Global 500 Fortune 1000 Type Category Year founded
1 Silicon Graphics - - - 876 (2003) 738 (2002) 625 (2001)[9] Defunct Technology 1981

Timeline[edit]

Index[edit]

This index also contains companies listed in section "Notable defunct & dissolved".

Year Companies founded
2016 The Boring Company
2015 OpenAI
2014 Jet.com
2013 Luxe Stringr
2010 Metro Bank Snapdeal
2009 WhatsApp
2007 Invite Media Moelis & Company Zeta Global Zynga
2006 Fuze
2002 SpaceX PhillyCarShare

(Enterprise CarShare)

2000 Glenview Capital Management Indiegogo StubHub Vista Equity Partners
1999 JibJab X.com

(PayPal)

Half.com
1998 AQR Capital Oxygen Media
1996 Alta Communications
1994 Cycorp Och-Ziff Capital Management
1992 Point72 Asset Management

(S.A.C. Capital Advisors)

1991 York Capital Management
1989 Leonard Green & Partners
1988 BlackRock
1986 QVC
1984 Cisco Systems, Inc.
1981 Silicon Graphics
1979 Boston Scientific Burr, Egan, Deleage & Co.
1978 Universal Health Services
1976 Blyth, Inc.
1975 Vanguard Group
1973 Commerce Bancorp W. P. Carey
1972 Porter Novelli
1971 Financo
1970 Huntsman Corporation
1969 Sysco
1968 J.D. Power and Associates
1964 Buffett Foundation

(Susan Thompson Buffett Foundation)

1963 Comcast CVS
1955 H&R Block
1931 Reynolds Securities

(Morgan Stanley)

1927 CBS
1926 Book of the Month Club
1891 Wrigley Company

Year 2000 – present[edit]

Company Type Stock Category Year founded Total founders Founder/co-founder from UPenn
Fuze Private UCaaS 2006 2[10]
  1. Co-founder Derek Yoo (B.A.)[11]
Glenview Capital Management Private Hedge fund 2000 1[12]
  1. Larry Robbins (B.S.)[12]
Indiegogo Private Crowdfunding 2000 3[13]
  1. Co-founder Slava Rubin (B.S.)[14]
Invite Media (NASDAQ: GOOGL) Advertising 2007 4[15]
  1. Nathaniel Turner (B.S.)[15]
  2. Zachary Weinberg (B.S.)[15]
  3. Michael Provenzano (B.S.)[15]
  4. Scott Becker (B.S.)[16]
Jet.com (NYSE: WMT) E-commerce 2014 3[17]
  1. Co-founder Marc Lore (M.B.A.)[18]
Stringr Private Videography 2013 2[19]
  1. Co-founder Lindsay Stewart (M.B.A.)[19]
  2. Co-founder Brian McNeill (M.B.A.)[20]
Luxe (Volvo Cars) Parking app 2013 2[21]
  1. Co-founder Curtis Lee (M.B.A.)[22]
Metro Bank Public LSE: MTRO Bank 2010 1[23]
  1. Vernon Hill (B.S.)[24]
Moelis & Company Public NYSE: MC Investment banking 2007 1[25]
  1. Ken Moelis (B.S., M.B.A.)[25]
OpenAI Non-profit Technology 2015 2[citation needed]
  1. Co-founder Elon Musk (B.A.)[26]
Snapdeal Private E-commerce 2010 2[27]
  1. Co-founder Kunal Bahl (B.S.)[28]
SpaceX Private Aerospace/technology 2002 1[29]
  1. Elon Musk (B.A.)[26]
The Boring Company Private Technology 2016 1[citation needed]
  1. Elon Musk (B.A.)[26]
PhillyCarShare

/Enterprise CarShare

(Enterprise Holdings) Car sharing 2002 5[30]
  1. Co-founder Tanya Seaman (M.S.)[31]
  2. Co-founder Clayton Lane (B.S.)[32]
  3. Co-founder Eli Massar (B.A.)[33]
Vista Equity Partners Private Private equity 2000 2[34]
  1. Co-founder Brian Sheth (B.S.)[34]
WhatsApp (NASDAQ: FB) Social media 2009 2[citation needed]
  1. Co-founder Brian Acton (undergraduate attendee)[35]
Zeta Global Private Digital marketing 2007 2[36]
  1. Co-founder John Sculley (M.B.A.)[37]
Zynga Public NASDAQ: ZNGA Social video game 2007 5[38]
  1. Co-founder Mark Pincus (B.S.)[39]

Year 1980 – 1999[edit]

Company Type Stock Category Year founded Total founders Founder/co-founder from UPenn
Alta Communications Private Private equity 1996 2[40]
  1. Co-founder William P. Egan (M.B.A.)[41]
AQR Capital Private Investment management 1998 4[42][43]
  1. Co-founder Cliff Asness (B.S.)[44]
BlackRock Public NYSE: BLK Investment management 1988 8[45]
  1. Co-founder Robert S. Kapito (B.S.)[46]
Cisco Systems, Inc. Public NASDAQ: CSCO Hardware 1984 2[47][48]
  1. Co-founder Leonard Bosack (B.S.)[49]
Cycorp Private Artificial intelligence 1994 1[50]
  1. Doug Lenat (B.A., M.S.)[51]
JibJab Private Entertainment studio 1999 2[52]
  1. Co-founder Gregg Spiridellis (M.B.A.)[53]
Leonard Green & Partners Private Private equity 1989 1[54]
  1. Leonard I. Green (M.B.A.)[54]
Och-Ziff Capital Management Public NYSE: OZM Hedge fund 1994 1[55]
  1. Daniel Och (B.S.)[55]
Oxygen Media (NASDAQ: CMCSA) TV channel 1998 5[56]
  1. Co-founder Geraldine Laybourne (M.S.)[57]
Point72 Asset Management

/S.A.C. Capital Advisors

Private Hedge fund 1992 1[58]
  1. Steven A. Cohen (B.S.)[58]
QVC (NASDAQ: QRTEA) Home shopping 1986 1[59]
  1. Joseph Segel (B.S.)[59]
StubHub (NASDAQ: EBAY) Ticket exchange 2000 2[60]
  1. Co-founder Jeff Fluhr (B.S.)[61]
X.com (now PayPal) Public (merged) NASDAQ: PYPL Financial services 1999 (X.com) 1[62] (X.com)
  1. Elon Musk (B.A.)[26]
York Capital Management Private Investment management 1991 1[63]
  1. Jamie Dinan (B.S.)[63]

Year 1960 – 1979[edit]

Company Type Stock Category Year founded Total founders Founder/co-founder from UPenn
Blyth, Inc. (NYSE: CG) Home accessories 1976 1[64]
  1. Robert B. Goergen (M.B.A.)[65]
Boston Scientific Public NYSE: BSX Medical device 1979 2[66]
  1. Co-founder Peter Nicholas (M.B.A.)[67]
Buffett Foundation

/Susan Thompson Buffett Foundation

Non-profit Foundation 1964[68] 1[69]
  1. Warren Buffett (undergraduate attendee)[70]
Comcast Public NASDAQ: CMCSA Telecom 1963 3[71]
  1. Co-founder Ralph J. Roberts (B.A.)[72][73]
  2. Co-founder Julian A. Brodsky (B.A.)[74][75]
CVS Public NYSE: CVS Health care 1963 3[76][77]
  1. Co-founder Stanley Goldstein (B.A.)[78]
Financo Private Investment banking 1971 1[79]
  1. Gilbert W. Harrison (B.S, J.D)[79]
Huntsman Corporation Public NYSE: HUN Chemicals 1970 1[80]
  1. Jon Huntsman Sr. (B.S.)[81]
J.D. Power and Associates Private Marketing research 1968 1[82]
  1. James David Power III (M.B.A.)[83]
Porter Novelli (NYSE: OMC) Public relations 1972 2[84]
  1. Co-founder William Novelli (B.A., M.A.)[85]
Sysco Public NYSE: SYY Food distribution 1969 3[86]
  1. Co-founder Herbert Irving (B.A., M.A.)[87]
Universal Health Services Public NYSE: UHS Hospital management 1978 1[88]
  1. Alan B. Miller (M.B.A.)[88]
Vanguard Group Private Investment management 1975 1[89]
  1. John C. Bogle (graduate attendee)[90]
W. P. Carey Public NYSE: WPC Real estate investment 1973 1[91]
  1. William P. Carey (B.S.)[92]

Before 1960[edit]

Company Type Stock Category Year founded Total founders Founder/co-founder from UPenn
Book of the Month Club (Pride Tree Holdings) E-subscription 1926 1[93]
  1. Harry Scherman (undergraduate attendee)[94]
CBS (NYSE: CBS) Broadcasting 1927 1[95]
  1. William S. Paley (B.S.)[96]
H&R Block Public NYSE: HRB Tax preparation 1955 2[97]
  1. Co-founder Richard Bloch (B.A.)[98]
Reynolds Securities

—> Dean Witter Reynolds

—> Morgan Stanley

—> Public (merged) NYSE: MS Finance 1931 (Reynolds) 3 (Reynolds)[99]
  1. Co-founder Richard S. Reynolds Jr. (B.S.)[100]
  2. Co-founder Charles H. Babcock (B.S.)[101]
Wrigley Company (Mars, Incorporated) Food 1891 1[102]
  1. William Wrigley Jr. (M.B.A.)[103]

Notable defunct & dissolved[edit]

Company Type Stock Category Year founded Total founders Founder/co-founder from UPenn
Burr, Egan, Deleage & Co. Dissolved Private equity 1979 3[104]
  1. Co-founder William P. Egan (M.B.A.)[41]
Commerce Bancorp Defunct Bank 1973 1[105]
  1. Vernon Hill (B.S.)[24]
Half.com Defunct Online shopping 1999 2[106]
  1. Co-founder Josh Kopelman (B.S.)[107]
Silicon Graphics Defunct (bankrupt) Technology 1981 Unknown[108]
  1. Co-founder David J. Brown (B.S., M.S.)[109]

See also[edit]

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