Steve Vachani

Summary

A serial entrepreneur, experienced startup CEO building global and Silicon Valley based technology companies, early stage venture investor, a technology pioneer within the start-up ecosystem of the Silicon Valley, New York, Brazil, and other global emerging markets. During the global internet boom of the 1990s, cofounded two pioneering global Internet companies, Qool and Freelotto. Freelotto.com was the 11th largest internet brand in the world in terms of global reach and users at its peak while Qool was the third largest auctions site on the Internet after eBay and uBid. Freelotto had over 60 million registered users and was the Internet’s largest direct marketing company in the 1990′s while Qool was one of the Internet’s 3 largest loyalty marketing companies together with MyPoints and NetCentives In the mid 2000′s, founded Power.com, Brazil’s first global technology startup to ever to receive funding from a Tier 1 Silicon Valley VC firm. Power.com was also Brazil’s first global technology company to build an internationally recognized consumer brand with tens of millions of users worldwide. Power.com was a technology pioneer as it built the Internet’s first APP platform and CONNECT platforms in 2006 and pioneered the concept of building APPS on top of other sites and the concept of letting users connect to their data between different sites These breakthrough concepts were later evolved by Apple and Facebook with the launch of the Apple APP store, the Facebook applications platform, and Facebook’s CONNECT platform. APP and CONNECT platforms on the internet are now redefining the future of global web and mobile economies and these innovations now reach over 1 billion Internet users on a daily basis As a serial entrepreneur, have developed four fully-branded online companies. In all, their performance galvanized a composite new customer base of over 120 million registered users. Combined revenues from these four companies exceeded $500 million with a combined peak market value of $1.7 billion