Cyriac Roeding discusses selling his company for 50M, highlighting a successful exit from a startup. He also touches on his current involvement in investing and advising other startups.
What this video covers
Cyriac Roeding is a Silicon Valley-based entrepreneur (co-founder, former CEO of Shopkick, acquired for 50M in cash) who invests in and works with startups and venture capitalists that drive change in the world at scale. Focus areas: consumer network effects, mobile, human-machine interfaces, and AR, robotics, software meeting biology. LimitedPartner in Founders Fund, Andreesen Horowitz, KPCB, IVP, ZhenFund (China), SV Angel, SVB. Direct investor and advisor in over a dozen startups, including Karma Science (acquired by Facebook), Carspring (acquired by Twitter), Grofers, Curbside, Zumper, Brilliant. The World Economic Forum named Roeding a Tech Pioneer 2013.
Previously, Cyriac Roeding co-founded and led Shopkick, the shopping app that rewards users just for walking into retail stores, as CEO to over 20 million users and its 50M acquisition by SK Telecom/SK Planet (Fortune 100 from South Korea). Fast Company ranked it one of the world’s 10 Most Innovative Companies In Retail by Fast Company, along with Apple and Starbucks.
Previously, Cyriac Roeding founded and led CBS Mobile (New York Times), the television network’s (NYSE: CBS) mobile division, covering CBS Entertainment, CBS Sports, CBS News, and The CW. He created the first location-based mobile ads in the U.S. and grew CBS Sports Mobile into one of the top ten highest traffic ad-supported mobile websites in the U.S.
Prior to CBS, Cyriac Roeding was the co-founder of 12snap, a European mobile marketing, and entertainment company working with Coca-Cola, McDonald’s, L’Oreal, Adidas, Nokia, Vodafone, and MTV Europe among others. Before that, he was at McKinsey & Company in the media, software, and high-tech sector.
Cyriac Roeding co-authored the Harvard Business School Press book Secrets of Software Success.
