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Paige Craig
Paige Craig (born 1975) is a venture capitalist and general partner at Arena Ventures, a founder-focused, seed stage venture capital firm based in Los Angeles. Early life and education He began his career in the military in 1992, where he went to West Point, ultimately becoming a cadet. In 1995, he dropped out of West Point and enlisted in the United States Marine Corps with his time in the Marines strongly influencing the development of his '33 principles for investment' He got his undergraduate in Information Technology from the University of Maryland, later earning an M.B.A from National University. Career He enlisted in the Marines and was promoted to sergeant before leaving the service in 2000. After the Invasion of Iraq in 2003, he created the Lincoln Group and started winning Pentagon contracts to assist with "psychological operations". In 2007, he sold his share of the Lincoln Group and moved to Los Angeles in 2008. From 2010 to 2012, he was the CEO and cofounder of Bet ...
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Venture Capitalist
Venture capital (often abbreviated as VC) is a form of private equity financing that is provided by venture capital firms or funds to start-up company, startups, early-stage, and emerging companies that have been deemed to have high growth potential or which have demonstrated high growth (in terms of number of employees, annual revenue, scale of operations, etc). Venture capital firms or funds invest in these early-stage companies in exchange for Equity (finance), equity, or an ownership stake. Venture capitalists take on the risk of financing risky Startup company, start-ups in the hopes that some of the firms they support will become successful. Because Startup company, startups face high uncertainty, VC investments have high rates of failure. The start-ups are usually based on an innovation, innovative technology or business model and they are usually from high technology industries, such as information technology (IT), clean technology or biotechnology. The typical venture c ...
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Arena Ventures
An arena is a large enclosed platform, often circular or oval-shaped, designed to showcase theatre, musical performances, or sporting events. It is composed of a large open space surrounded on most or all sides by tiered seating for spectators, and may be covered by a roof. The key feature of an arena is that the event space is the lowest point, allowing maximum visibility. Arenas are usually designed to accommodate a multitude of spectators. Background The word derives from Latin ', a particularly fine-grained sand that covered the floor of ancient arenas such as the Colosseum in Rome, Italy, to absorb blood.. The term ''arena'' is sometimes used as a synonym for a very large venue such as Pasadena's Rose Bowl, but such a facility is typically called a ''stadium'', especially if it does not have a roof. The use of one term over the other has mostly to do with the type of event. Football (be it association, rugby, gridiron, Australian rules, or Gaelic) is typically play ...
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Los Angeles
Los Angeles ( ; es, Los Ángeles, link=no , ), often referred to by its initials L.A., is the largest city in the state of California and the second most populous city in the United States after New York City, as well as one of the world's most populous megacities. Los Angeles is the commercial, financial, and cultural center of Southern California. With a population of roughly 3.9 million residents within the city limits , Los Angeles is known for its Mediterranean climate, ethnic and cultural diversity, being the home of the Hollywood film industry, and its sprawling metropolitan area. The city of Los Angeles lies in a basin in Southern California adjacent to the Pacific Ocean in the west and extending through the Santa Monica Mountains and north into the San Fernando Valley, with the city bordering the San Gabriel Valley to it's east. It covers about , and is the county seat of Los Angeles County, which is the most populous county in the United States with an ...
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West Point
The United States Military Academy (USMA), also known Metonymy, metonymically as West Point or simply as Army, is a United States service academies, United States service academy in West Point, New York. It was originally established as a fort, since it sits on strategic high ground overlooking the Hudson River with a scenic view, north of New York City. It is the oldest of the five American service academies and educates cadets for Commission (document)#United States, commissioning into the United States Army. The academy was founded in 1802, one year after President Thomas Jefferson directed that plans be set in motion to establish it. It was constructed on site of Fort Clinton (West Point), Fort Clinton on West Point overlooking the Hudson, which Colonial General Benedict Arnold conspired to turn over to the British during the American Revolutionary War, Revolutionary War. The entire central campus is a National Historic Landmark, national landmark and home to scores of ...
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United States Marine Corps
The United States Marine Corps (USMC), also referred to as the United States Marines, is the maritime land force service branch of the United States Armed Forces responsible for conducting expeditionary and amphibious operations through combined arms, implementing its own infantry, artillery, aerial, and special operations forces. The U.S. Marine Corps is one of the eight uniformed services of the United States. The Marine Corps has been part of the U.S. Department of the Navy since 30 June 1834 with its sister service, the United States Navy. The USMC operates installations on land and aboard sea-going amphibious warfare ships around the world. Additionally, several of the Marines' tactical aviation squadrons, primarily Marine Fighter Attack squadrons, are also embedded in Navy carrier air wings and operate from the aircraft carriers. The history of the Marine Corps began when two battalions of Continental Marines were formed on 10 November 1775 in Philadelphia ...
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University Of Maryland
The University of Maryland, College Park (University of Maryland, UMD, or simply Maryland) is a public university, public Land-grant university, land-grant research university in College Park, Maryland. Founded in 1856, UMD is the Flagship university, flagship institution of the University System of Maryland. It is also the largest university in both the state and the Washington metropolitan area, with more than 41,000 students representing all fifty states and 123 countries, and a global alumni network of over 388,000. Together, its 12 schools and colleges offer over 200 degree-granting programs, including 92 undergraduate majors, 107 Master's degree, master's programs, and 83 Doctorate, doctoral programs. UMD is a member of the Association of American Universities and competes in intercollegiate athletics as a member of the Big Ten Conference. The University of Maryland's proximity to the nation's capital has resulted in many research partnerships with the Federal government ...
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Invasion Of Iraq
The 2003 invasion of Iraq was a United States-led invasion of the Republic of Iraq and the first stage of the Iraq War. The invasion phase began on 19 March 2003 (air) and 20 March 2003 (ground) and lasted just over one month, including 26 days of major combat operations, in which a combined force of troops from the United States, the United Kingdom, Australia, and Poland invaded Iraq. Twenty-two days after the first day of the invasion, the capital city of Baghdad was captured by Coalition forces on 9 April 2003 after the six-day-long Battle of Baghdad. This early stage of the war formally ended on 1 May 2003 when U.S. President George W. Bush declared the "end of major combat operations" in his Mission Accomplished speech, after which the Coalition Provisional Authority (CPA) was established as the first of several successive transitional governments leading up to the first Iraqi parliamentary election in January 2005. U.S. military forces later remained in Iraq until ...
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Lincoln Group
The Lincoln Group (formerly known as Iraqex) is a defunct Washington, D.C.-based defense contractor. The firm was hired by the United States military to perform public relations (PR) in Iraq during the Iraq War. In 2005, the '' Los Angeles Times'' revealed the company had been paying for news stories in Iraqi newspapers. Background According to the group's website, "Lincoln Alliance Corporation, with the assistance of a cadre of investors, formed Lincoln Group to pursue private sector opportunities in Iraq. Lincoln Group brings a unique combination of expertise in collecting and exploiting information; structuring transactions; and mitigating risks through due diligence and legal strategies." In September 2004, the major PR contract for the Multi-National Corps – Iraq (MNC-I) was awarded to Iraqex, a "business clearinghouse company formed specifically to provide a swath of services in the war-torn country." The Washington, D.C.-based Lincoln Alliance Corporation, a "busin ...
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Angel Investor
An angel investor (also known as a business angel, informal investor, angel funder, private investor, or seed investor) is an individual who provides capital for a business or businesses start-up, usually in exchange for convertible debt or ownership equity. Angel investors usually give support to start-ups at the initial moments (where risks of the start-ups failing are relatively high) and when most investors are not prepared to back them. In a survey of 150 founders conducted by Wilbur Labs, about 70% of entrepreneurs will face potential business failure, and nearly 66% will face this potential failure within 25 months of launching their company. A small but increasing number of angel investors invest online through equity crowdfunding or organize themselves into angel groups or angel networks to share investment capital, as well as to provide advice to their portfolio companies. Over the last 50 years, the number of angel investors has greatly increased. Etymology and origi ...
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Airbnb
Airbnb, Inc. ( ), based in San Francisco, California, operates an online marketplace focused on short-term homestays and experiences. The company acts as a broker and charges a commission from each booking. The company was founded in 2008 by Brian Chesky, Nathan Blecharczyk, and Joe Gebbia. Airbnb is a shortened version of its original name, AirBedandBreakfast.com. The company has been the subject of criticism for lack of regulations and enabling increases in home rents. History After moving to San Francisco in October 2007, roommates and former schoolmates Brian Chesky and Joe Gebbia came up with the idea of putting an air mattress in their living room and turning it into a bed and breakfast. In February 2008, Nathan Blecharczyk, Chesky's former roommate, joined as the Chief Technology Officer and the third co-founder of the new venture, which they named AirBed & Breakfast. They put together a website that offered short-term living quarters and breakfast for those who ...
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Lyft
Lyft, Inc. offers mobility as a service, ride-hailing, vehicles for hire, motorized scooters, a bicycle-sharing system, rental cars, and food delivery in the United States and select cities in Canada. Lyft sets fares, which vary using a dynamic pricing model based on local supply and demand at the time of the booking and are quoted to the customer in advance, and receives a commission from each booking. Lyft is the second-largest ridesharing company in the United States after Uber. History Lyft was launched in the summer of 2012 by computer programmers Logan Green and John Zimmer as a service of Zimride, a long-distance intercity carpooling company focused on college transport that they founded in 2007 after Green shared rides from the University of California, Santa Barbara campus to visit his girlfriend in Los Angeles and was seeking an easier way to share rides. In May 2013, the company changed its name from Zimride to Lyft. Later that year, Lyft sold the orig ...
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AngelList
AngelList is a U.S. website for startups, angel investors, and job-seekers looking to work at startups. Founded in 2010, it started as an online introduction board for tech startups that needed seed funding. Since 2015, the site allows startups to raise money from angel investors free of charge. History AngelList was founded in 2010 by serial entrepreneur Naval Ravikant and Babak Nivi. Using the traction from the Venture Hack blog on entrepreneur financing, Naval and Babak started a list of 25 investors with whom they would share interesting companies to invest in. They announced the list as "AngelList" in 2010, with the subscription of 50 angel investors who intended to invest USD $80 million that year. Mission and operations Business Insider dubbed AngelList the " Match.com for investors and startups". In a recent interview, Naval Ravikant wants more "innovation on heinfrastructure for innovation itself" by helping startups with money, talent, and customers. Angel ...
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