Jay M. Patel
Scottsdale, Arizona,United States
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Jay M. Patel is a distinguished serial entrepreneur, investor, and product leader with over two decades of experience building and scaling innovative consumer technology companies. He is widely recognized for his pioneering work in the social networking and creator economy spaces. Jay co-founded and led several successful ventures, including the 3D avatar-based social network IMVU and the interactive entertainment platform Fireside, which he co-founded with Mark Cuban. His career is marked by a deep understanding of user engagement, digital communities, and monetization strategies. As an active investor and advisor, he lends his expertise to a new generation of startups, shaping the future of digital media and technology.
Professional Summary
Jay M. Patel's work history includes a series of influential roles in various companies. Here is a detailed list of his professional journey:
Notable Achievements
Co-Founder & CEO of IMVU
Co-founded and scaled IMVU, a pioneering 3D avatar-based social network, to over 50 million registered users and a profitable $50 million annual revenue run rate, leading its innovation in virtual economies and social gaming.
Co-Founder of Fireside
Co-founded Fireside with Mark Cuban, an interactive web3 streaming platform designed to empower creators with ownership and direct audience engagement, fostering a new model for content creation and monetization.
Successful Entrepreneurial Exits
Demonstrated a track record of building valuable companies, including the successful acquisition of his first company, Digital-Voodoo, and Fabrik, a cloud storage company, which was acquired by Google.
Active Angel Investor and Advisor
Serves as a prominent angel investor and advisor to numerous startups in the tech industry, leveraging his extensive operational experience to guide founders in product development, growth, and strategy.
Educational Background
Bachelor of Science, Business
Arizona State University - Year 1994
Political Science
University of Vermont - Year 1990
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Company Overview
LessenLessen is a technology-driven, end-to-end solution for property services, specifically for the residential real estate ecosystem. The platform connects property owners and managers with a comprehensive network of vetted professionals for repairs, maintenance, and renovations. By centralizing project management, scheduling, and payments, Lessen aims to streamline operations, reduce costs, and improve the resident experience for institutional investors and property managers.
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