Entrepreneur, Early Stage Investor
- New York, New York (Greater New York City Area)
- Information Technology and Services
Peter Stern's Overview
- Founding Director at CMU Open Field Entrepreneur Fund
- Advisor at Working World
Peter Stern's Summary
Bitly's board invited Peter Stern to become its first full-time CEO starting in May 2011, at a time when many felt that Twitter, Facebook, or Qaddafi would make bitly irrelevant. Instead, while Peter was CEO, bitly's traffic more than doubled. He raised $15M in funding, tripled the size of the team, increased revenue by almost 10x, and left bitly with a plan that offered profitability within a few months.
In 2006, Peter Stern created Zenbe to provide innovative collaboration and messaging products for businesses and individuals. Zenbe Mail, Shareflow, and Lists for the iPhone received praise and recognition, improving the lives of almost a million users, and was acquired by Facebook in June 2010.
In 1996, Peter co-founded Datek Online, which quickly grew to become the 4th largest online brokerage firm, successfully competing against companies that had 10+ year and $10+ billion head-starts. Datek Online's success was due to savvy technological and business innovation, such as being the first to provide millions of customer with free real-time streaming quotes, decimal pricing, after hours trading, all on top of the best retail trading platform ever created. Datek Online merged with Ameritrade in 2002 to form the second largest online brokerage firm.
Before that, Peter spent 6 years in military R&D, working on many interesting projects involving lasers, helicopters, sophisticated electro-optic sensors, and that kind of stuff. In his off hours, he worked on some startups that you never heard of.
Peter has a double degree in Electrical Engineering and Public Policy from Carnegie Mellon. He recently helped to launch CMU's Open Field Entrepreneurs Fund to foster tech startups at his alma mater. He is actively involved in small NGOs that support entrepreneurship and small businesses throughout the developing world.
Peter Stern's Experience
May 2011 – Present (3 years 5 months) Pittsburgh, PA
May 2011 – March 2013 (1 year 11 months) NY NY
Founder & President
February 2007 – July 2010 (3 years 6 months)
Founder, Director, CTO
May 1996 – April 2003 (7 years)
Division Manager, Systems
1990 – 1995 (5 years)
Systems Integration Engineer
June 1989 – June 1990 (1 year 1 month)
Peter Stern's Patents
- United States Patent US20090182788
- Issued January 14, 2009
An apparatus and method for customized email and data management is disclosed. According to one embodiment, a collaborative page is created to contain an email module configured to access one or more email accounts. Emails from the one or more email accounts are selected using an email selection criterion. The selected emails are processed to parse data based on a parsing rule. The emails and the parsed data are displayed on the collaborative page. The collaborative page is updated with new emails and the updated content.
Peter Stern's Publications
Authors: Peter Stern
- Business Insider
- October 5, 2012
Why the SEC should hire some hackers if it wants to write some better rules in the age of electronic trading.
Authors: Peter Stern
- June 10, 2012
The first chapter of the book I need to finish someday. A delightful story about how Josh made a millions dollars on a single trade of 1000 shares of Intel, but then lost it five minutes later.
Peter Stern's Skills & Expertise
- Mobile Devices
- Product Management
- Venture Capital
- Software Development
- Business Strategy
- Strategic Partnerships