Scott Banister
Encyclopedia
Scott Banister is an American
entrepreneur
and angel investor
. He is best known as a co-founder of IronPort
and an early advisor and board member at PayPal
.
students Max Levchin
and Luke Nosek
. Banister created the Submit It!
service while in college. He left during his sophomore year in 1996 to co-found Submit It! Inc., where he served as vice president of technology.
The company's other products included ListBot and ClickTrade. Submit It! Inc. was acquired by LinkExchange
in June 1998, which in turn was acquired by Microsoft
in November 1998.
Banister then spent time working with other start-ups as board member and investor. These start-ups include eVoice
, creator of the first email-enabled home voicemail
service, which was acquired by AOL
in 2001. He served as VP of Ideas at idealab!, where he contributed numerous innovations, including the unique bid-for-placement search engine model that powers Overture
. In December 2000, with Scott Weiss, Banister co-founded IronPort
, an email appliance provider that was acquired in 2007 by Cisco
for US$830 million.
Scott Banister is co-founder and chairman of Zivity, an adult-themed social networking site co-founded with his wife, Cyan Banister, and Jeffrey Wescott.
He was an early investor in Powerset
, a startup building a natural language
search engine
, and sits on the company's Board of Directors. He also sits on the Board of Directors for Slide, a start-up founded by PayPal co-founder Max Levchin
. Other private equity investments include Zappos.com
, LiveOps, Facebook
, Hi5.com, Tagged.com
, iLike
, Causes.com, and TekTrak
.
Banister currently lives in Half Moon Bay
, California
with his wife Cyan.
United States
The United States of America is a federal constitutional republic comprising fifty states and a federal district...
entrepreneur
Entrepreneur
An entrepreneur is an owner or manager of a business enterprise who makes money through risk and initiative.The term was originally a loanword from French and was first defined by the Irish-French economist Richard Cantillon. Entrepreneur in English is a term applied to a person who is willing to...
and angel investor
Angel investor
An angel investor or angel is an affluent individual who provides capital for a business start-up, usually in exchange for convertible debt or ownership equity...
. He is best known as a co-founder of IronPort
IronPort
IronPort Systems, Inc., headquartered in San Bruno, California, was a company that designed and sold products and services that protect enterprises against Internet threats. It was best known for IronPort AntiSpam, the SenderBase email reputation service, and email security appliances...
and an early advisor and board member at PayPal
PayPal
PayPal is an American-based global e-commerce business allowing payments and money transfers to be made through the Internet. Online money transfers serve as electronic alternatives to paying with traditional paper methods, such as checks and money orders....
.
Biography
In the summer of 1995, Banister cofounded SponsorNet New Media, Inc., along with fellow University of Illinois at Urbana-ChampaignUniversity of Illinois at Urbana-Champaign
The University of Illinois at Urbana–Champaign is a large public research-intensive university in the state of Illinois, United States. It is the flagship campus of the University of Illinois system...
students Max Levchin
Max Levchin
Max Rafael Levchin is a Ukrainian-born American computer scientist and internet entrepreneur widely known as one of the co-founders and for his role as the former chief technology officer of PayPal....
and Luke Nosek
Luke Nosek
Luke Nosek is an American entrepreneur of Polish descent.Nosek received a B.S. in Computer Science from the University of Illinois at Urbana-Champaign. During college in the summer of 1995, he cofounded SponsorNet New Media, Inc., along with fellow UIUC students Max Levchin and Scott Banister...
. Banister created the Submit It!
Submit It!
Submit It!, Inc. was a privately-held Internet services company located in Bedford, Massachusetts. The original free Submit It! service was created by Scott Banister while he was a student at the University of Illinois. He left during his sophomore year to co-found Submit It! Inc., where he served...
service while in college. He left during his sophomore year in 1996 to co-found Submit It! Inc., where he served as vice president of technology.
The company's other products included ListBot and ClickTrade. Submit It! Inc. was acquired by LinkExchange
LinkExchange
LinkExchange was a popular internet advertising cooperative, originally known as Internet Link Exchange or ILE.It was founded in March 1996 by 23-year-old Harvard graduates Tony Hsieh and Sanjay Madan. Ali Partovi later joined them as a third partner...
in June 1998, which in turn was acquired by Microsoft
Microsoft
Microsoft Corporation is an American public multinational corporation headquartered in Redmond, Washington, USA that develops, manufactures, licenses, and supports a wide range of products and services predominantly related to computing through its various product divisions...
in November 1998.
Banister then spent time working with other start-ups as board member and investor. These start-ups include eVoice
EVoice
eVoice is a telecommunications service owned by j2 Global Communications, Inc. that manages incoming and outgoing calls using a virtual phone number. The service was founded in 2000 and re-launched in March 2010 with new features, functionality and pricing targeting entrepreneurs and small...
, creator of the first email-enabled home voicemail
Voicemail
Voicemail is a computer based system that allows users and subscribers to exchange personal voice messages; to select and deliver voice information; and to process transactions relating to individuals, organizations, products and services, using an ordinary telephone...
service, which was acquired by AOL
AOL
AOL Inc. is an American global Internet services and media company. AOL is headquartered at 770 Broadway in New York. Founded in 1983 as Control Video Corporation, it has franchised its services to companies in several nations around the world or set up international versions of its services...
in 2001. He served as VP of Ideas at idealab!, where he contributed numerous innovations, including the unique bid-for-placement search engine model that powers Overture
Yahoo! Search Marketing
Yahoo! Search Marketing is a keyword-based "Pay per click" or "Sponsored search" Internet advertising service provided by Yahoo!.Yahoo began offering this service after acquiring Overture Services, Inc....
. In December 2000, with Scott Weiss, Banister co-founded IronPort
IronPort
IronPort Systems, Inc., headquartered in San Bruno, California, was a company that designed and sold products and services that protect enterprises against Internet threats. It was best known for IronPort AntiSpam, the SenderBase email reputation service, and email security appliances...
, an email appliance provider that was acquired in 2007 by Cisco
Cisco
Cisco may refer to:Companies:*Cisco Systems, a computer networking company* Certis CISCO, corporatised entity of the former Commercial and Industrial Security Corporation in Singapore...
for US$830 million.
Scott Banister is co-founder and chairman of Zivity, an adult-themed social networking site co-founded with his wife, Cyan Banister, and Jeffrey Wescott.
He was an early investor in Powerset
Powerset (company)
Powerset is a Microsoft owned company based in San Francisco, California that, in 2006, was developing a natural language search engine for the Internet....
, a startup building a natural language
Natural language
In the philosophy of language, a natural language is any language which arises in an unpremeditated fashion as the result of the innate facility for language possessed by the human intellect. A natural language is typically used for communication, and may be spoken, signed, or written...
search engine
Search engine
A search engine is an information retrieval system designed to help find information stored on a computer system. The search results are usually presented in a list and are commonly called hits. Search engines help to minimize the time required to find information and the amount of information...
, and sits on the company's Board of Directors. He also sits on the Board of Directors for Slide, a start-up founded by PayPal co-founder Max Levchin
Max Levchin
Max Rafael Levchin is a Ukrainian-born American computer scientist and internet entrepreneur widely known as one of the co-founders and for his role as the former chief technology officer of PayPal....
. Other private equity investments include Zappos.com
Zappos.com
Zappos.com is an online shoe and apparel shop currently based in Henderson, Nevada.In July 2009, the company announced it would be acquired by Amazon.com in an all-stock deal worth about $1.2 billion. Since its founding in 1999, Zappos has grown to be the largest online shoe store.-Inception:Zappos...
, LiveOps, Facebook
Facebook
Facebook is a social networking service and website launched in February 2004, operated and privately owned by Facebook, Inc. , Facebook has more than 800 million active users. Users must register before using the site, after which they may create a personal profile, add other users as...
, Hi5.com, Tagged.com
Tagged.com
Tagged is a social networking site based in San Francisco, California, United States, founded in 2004. Tagged allows members to browse the profiles of other members, play games, and share tags and virtual gifts. Tagged says it has 100 million members. , Quantcast reports Tagged monthly unique...
, iLike
ILike
iLike is an online service that allows users to download and share music. The website makes use of a sidebar that is used with Apple's iTunes or Microsoft's Windows Media Player. The program and sidebar are not required in order to use the site but allow for ease in discovering new artists....
, Causes.com, and TekTrak
TekTrak
TekTrak is a mobile application created by TekTrak, Inc. for the Apple iOS and Android operating systems. It enables the user to remotely track their smartphone and secure any information stored on the device, if it gets lost or misplaced...
.
Banister currently lives in Half Moon Bay
Half Moon Bay
Half Moon Bay is a city in San Mateo County, CaliforniaHalf Moon Bay may also refer to:- Geographic features :* Half Moon Bay , a bay on the San Mateo County Coast of California...
, California
California
California is a state located on the West Coast of the United States. It is by far the most populous U.S. state, and the third-largest by land area...
with his wife Cyan.
External links
- Scott Banister's resume on LinkedInLinkedInLinkedIn is a business-related social networking site. Founded in December 2002 and launched in May 2003, it is mainly used for professional networking. , LinkedIn reports more than 120 million registered users in more than 200 countries and territories. The site is available in English, French,...
- Public Fried Chicken by Scott Banister