Fredrick D. Schaufeld (born September 23, 1959) is an entrepreneur, venture capital investor, sports team owner, philanthropist and patent holder. He started NEW Customer Service Companies in 1983 with a $79 investment and grew it into the nation's leading independent provider of extended service contracts, buyer protection services and product support for retailers, home service providers and manufacturers. Under his leadership, NEW was included in the "Inc. 500" list of the fastest growing private companies in America. Asurion of Nashville, TN, bought NEW in 2008. The combined company - NEW Asurion - is now the world's largest consumer product protection company. Schaufeld serves on its board.
He also founded the Service Contract Industry Council (SCIC), a national Extended warranty trade association that works with lawmakers across the country to develop fair and uniform regulation to protect consumers, in 1988.
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SWaN & Legend
Along with Anthony Nader and Cliff White, he co-founded SWaN Investors in 2006. After merging with Legend Venture Partners in 2012, SWaN morphed into SWaN & Legend Venture Partners. Schaufeld is one of five managing directors of SWaN & Legend, a multi-stage venture capital firm that invests in high-growth, high-quality organizations and the entrepreneurs behind them.
Collectively, Schaufeld, Nader, David Bosserman, David Strasser and Todd Klein have raised more than $5 billion of institutional financing and participated in 150+ private investments. A few of the companies in which the firm has invested are Anonymous Content, Custom Ink, KIND Healthy Snacks, Optoro, Quad Learning, Social Radar, Jose Andres Think Food Group, Framebridge and UrbanStems.
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Sports Investments
He is a partner in Monumental Sports & Entertainment and part owner of the National Hockey League's Washington Capitals, the National Basketball Association's Washington Wizards, the Women's National Basketball Association's Washington Mystics and the Capital One Arena in Washington, D.C. He also is a partner in the Major League Baseball Association's Washington Nationals organization.
Honors & Awards
- Ernst & Young Entrepreneur of the Year Award, 1999
- Insurance Form Packet Patent #4,874,187, October 1989
Organizations
- Economic Club of Washington, DC
- World Presidents' Organization
Philanthropy
- Fight for Children, board member
- One Voice Movement, advisory board member
- Venture Philanthropy Partners, member
- Schaufeld Family Heart Center of the Inova Loudoun Hospital
- Fredrick D. and Karen G. Schaufeld Family Foundation
- Fredrick D. and Karen G. Schaufeld Lower School of Loudoun Country Day School, Leesburg, VA
- United Way Fredrick D. Schaufeld Scholarship Program, Westbury, NY
Board membership
- American Honors College
- Anonymous Content
- Capital Sports Ventures
- Custom Ink
- Framebridge
- KIND Healthy Snacks
- Monumental Sports & Entertainment
- NEW Asurion
- Social Radar
- Jose Andres Think Food Group
- Washington Nationals Advisory Board
Education
He holds a BA in Government from Lehigh University
Source of the article : Wikipedia
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