What does it mean to be the First to See the Light? When Financier Ted Forstmann was seeking a partner to spin-off Next Level Communications from General Instrument, he turned to Spencer Trask to unearth and polish its underlying value. The result was one of the most successful venture deals of all time. As a small division of a much larger
How would it feel to make medical history? By helping in the creation of Myriad Genetics – the world’s first genomics company. Co-founders and first investors felt how exhilarating it can be when they became the first genomics company to make one of the greatest discoveries of the 20th century, the discovery of the BRCA1 and BRCA2 genes. Spencer Trask enabled its network to
We argue that Mr. Spencer Trask may lay claim to that title. nn the 1870s, Mr. Trask financed Thomas Edison’s invention of the lightbulb, today the very symbol of a bright idea. He launched the modern age of electricity as the first President of the first electric company. ConEd and was majority shareholder and first Chairman of The New York Times,