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Jay Gould (entrepreneur)

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Not to be confused with the 19th-century business magnateJay Gould.

Jay Gould(born April 1, 1979)[1]is an American techentrepreneurand the founder & CEO of Yashi.[2]Gould is also an activeangel investor,and has backed web-based startups includingDogVacay,[3]Tout,Buffer,andFitocracy.[4]

Education

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Gould graduated fromRowan Universityin 2001, where he earned a bachelor's degree in Law & Justice.[5][better source needed]

Career

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In December 2005, Gould sold his first business toBolt Mediafor an undisclosed amount and joined Bolt as its President.[6]At the time of the sale, Gould's websites had 3.3 million U.S. unique visitors, according to comScore Media Metrics.[1]

While under Gould's management, Bolt's revenue grew to $7 million annually, 5.3 million U.S. visitors to their website monthly,[7][failed verification]culminating in signing a definitive agreement to sell the company for up to $30 million.[8][9][10]Just prior to signing the $30 million definitive agreement,Universal Music Groupfiled a lawsuit against Bolt, MySpace and others for alleged copyright infringement.[11]Bolt was ultimately unable to reach a settlement with Universal Music, which resulted in the termination of Bolt's $30 million acquisition, eventually leading Bolt to file an assignment for the benefit of creditors.[12][13]

During Gould's tenure at Bolt, he co-founded WikiYou, which raised $500,000 from investors, includingMayfield Fund,First Round Capital, andReid Hoffman.[14]

Gould later founded GamersMedia, the first vertical-advertising network to bring brand advertisers to casual-gaming websites, which at its launch had over 20 million unique visitors across 40 sites.[15][16][17]On February 2, 2015, the company was acquired byNexstar Media Groupfor $33 million.[18]

Yashi

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Jay Gould and Caitlin Gould founded Yashi in 2007.[19]Yashi became a location-focused advertising platform that targeted mobile and web video advertising.[20]

The company was named toInc. Magazine's Inc. 5000 list of the Fastest-Growing Private Companies in America for four consecutive years from 2012–2015.[20][21]

Yashi was acquired by Nexstar Broadcasting Group on February 2, 2015, for $33 million.[18]

Foundville

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In October 2011, Gould launched foundville, a video podcast site featuring interviews with successful Internet entrepreneurs. Gould has interviewed founders of companies such asHotOrNot,[22]RockYou,[23]Adify,[24]Mochi Media,[25]CapLinked,[26]The Receivables Exchange,[27]Wikia,[28]SitePoint,[29]and others.

Investments

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Gould is an angel investor, with sizable contributions to companies such as Buffer,[30]CapLinked, Tout, iDoneThis, Fitocracy, and Cadee, among others.[31]In March 2012, Gould was part of a $1 million funding initiative for DogVacay, an online marketplace for residential dog boarding.[31]

In addition to startup capital, Gould also contributes his knowledge and expertise to entrepreneurs. He is a member of the Rowan University Entrepreneurship Program Advisor Council (ENTAC).

Awards and recognition

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  • On September 20, 2010, Gould was honored as a recipient of the NJBIZ Forty under 40 Award. The award recognizes up-and-coming businesspersons based in the New Jersey-New York area.[32]
  • In 2014, Gould was named an Ernst & Young Entrepreneur Of The Year Award finalist in New Jersey.[33]

References

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  1. ^ab"Who Says Money Can't Buy Hipness?".Bloomberg Businessweek.February 26, 2006. Archived fromthe originalon June 29, 2012.RetrievedAugust 14,2012.
  2. ^Steve Hall (June 23, 2014)."How This Ad Network You've Never Heard of Bootstrapped Itself to Multi-Million Dollar Success".AdRants.RetrievedDecember 18,2014.
  3. ^"Investors".DogVacay. February 26, 2006.RetrievedDecember 18,2014.
  4. ^"Jay Gould AngelList".AngelList. February 26, 2006.RetrievedDecember 16,2014.
  5. ^"Jay Gould".LinkedIn.RetrievedAugust 15,2012.
  6. ^Rafat Ali (February 21, 2006)."Bolt Buys Two Video Sites".PaidContent.org. Archived fromthe originalon April 15, 2013.RetrievedAugust 16,2012.
  7. ^Matt Marshall (February 12, 2007)."Bolt hosed, shows the risks of video".Venturebeat.RetrievedAugust 16,2012.
  8. ^Liz Gannes (February 11, 2007)."Bolt Selling to GoFish for $30M".GigaOm. Archived fromthe originalon July 29, 2012.RetrievedAugust 16,2012.
  9. ^"Agreement and Plan of Merger".Securities and Exchange Commission. February 11, 2007.RetrievedAugust 16,2012.
  10. ^"Betawave Corp".Securities and Exchange Commission. February 11, 2007.RetrievedAugust 16,2012.
  11. ^Dawn C. Chmielewski (October 18, 2006)."Universal Sues Video Sharing Websites".Los Angeles Times.RetrievedAugust 11,2012.
  12. ^Joshua Chaffin (March 9, 2007)."Rights success for Universal as Bolt settles".Financial Times.RetrievedAugust 12,2012.
  13. ^Margaret Kane (February 12, 2007)."Universal turns DRM thunder on Bolt".CNet.RetrievedAugust 12,2012.
  14. ^Michael Arrington (July 24, 2007)."WikiYou Beats Spock to Launch".TechCrunch.RetrievedAugust 16,2012.
  15. ^Stacey Higginbotham (February 26, 2008)."Former Bolt Owner Gets into Games".GigaOm.RetrievedAugust 16,2012.
  16. ^Matthew Nelson (February 27, 2008)."Bolt Man Back with Casual Gaming Ad Network".ClickZ.RetrievedAugust 15,2012.
  17. ^Mark Hendrickson (February 26, 2008)."Former Bolt Owner Launches Casual Gaming Ad Network, Gamers Media".TechCrunch.RetrievedAugust 15,2012.
  18. ^abMcAdams, Deborah D. (February 3, 2015)."Nexstar Acquires Yashi Local Programmatic Ad Firm for $33 Million".TV Technology.
  19. ^Higginbotham, Stacey (February 16, 2008)."Former Bolt Owner Gets Into Games".GigaOM.RetrievedAugust 30,2012.
  20. ^ab"Yashi - Toms River, NJ".Inc. Magazine.RetrievedAugust 29,2012.
  21. ^"Top Advertising & Marketing Companies on the 2012 Inc. 5000".Inc. Magazine.RetrievedAugust 29,2012.
  22. ^"HOTorNOT: Hear How They Bootstrapped it to $8 Million Annually Before Selling it for $20 Million – with James Hong".foundville. 19 October 2011. Archived fromthe originalon 23 January 2013.Retrieved11 August2012.
  23. ^"Lance Tokuda: How RockYou Grew to 100 Million Uniques and $50 Million Revenue and SchoolFeed Gained 1 Million Members in its First 4 Months!".foundville. 17 October 2011. Archived fromthe originalon 23 January 2013.Retrieved11 August2012.
  24. ^"Adify: Built and Sold for $300 Million In Under 3 Years with the Help of Investors – by Russ Fradin".foundville. 25 October 2011. Archived fromthe originalon 23 January 2013.Retrieved11 August2012.
  25. ^"Learn How Jameson Hsu Went From Game Developer to Selling His Business for $80 Million".foundville. 20 October 2011. Archived fromthe originalon 23 January 2013.Retrieved11 August2012.
  26. ^"Early PayPal Employee Quits to Become Author and Serial Entrepreneur – with Eric Jackson".foundville. 26 October 2011. Archived fromthe originalon 24 January 2013.Retrieved11 August2012.
  27. ^"The Receivables Exchange Co-founder Nicolas Perkin Explains How They Built a $1 Billion Marketplace Within 5 Years".foundville. 28 October 2011. Archived fromthe originalon 23 January 2013.Retrieved11 August2012.
  28. ^"Learn How Wikia Empowered Its Members to a Top 100 Site – told by former CEO Gil Penchina".foundville. 1 November 2011. Archived fromthe originalon 23 January 2013.Retrieved11 August2012.
  29. ^"How to Successfully Spinoff Startups by SitePoint Co-Founder Matt Mickiewicz".foundville. 2 December 2011. Archived fromthe originalon 23 January 2013.Retrieved11 August2012.
  30. ^Leo Widrich (December 20, 2011)."The 19 Awesome Investors in Our $400,000 Seed Round And How We Met Them".Buffer.RetrievedAugust 16,2012.
  31. ^ab"Jay Gould".AngelList.RetrievedAugust 14,2012.
  32. ^"Forty under 40 2010".Infovision. October 25, 2010.RetrievedDecember 18,2014.
  33. ^"Congratulations to the 2014 finalists for the EY Entrepreneur Of The Year Awards in New Jersey."Archived16 July 2015 at theWayback Machine,Ernst & Young,22 May 2014. Retrieved 18 December 2014.
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