Michael Loeb is a serial entrepreneur and venture investor. After an 8-year corporate tour at Time Inc., Michael’s first entrepreneurial endeavor was Synapse Group which revolutionized the marketing and sustaining of magazine and newspaper subscriptions worldwide by leveraging its patented continuous service business model. Synapse was sold to TWX for $800 million in 2006. Incubated inside of Synapse was Priceline, which was founded by Synapse’s co-founder, Jay Walker, and co-funded by Michael. In 2007 Michael founded Loeb Enterprises (LE) and its lab Loeb.nyc which has been described as a company factory’ – our ideas, our capital, our talent - developing both home-grown and early-stage external businesses. Today Loeb.nyc is building 10 companies, the biggest of which is ScriptRelief, a joint venture with United Health, now with over 11 million members and recently valued over $1bb. Marketed through many channels – from digital, mail to field forces – free ScriptRelief saves patients an average of half-off the rack rate of any out-of-network purchase of any prescription medication in any pharmacy nationwide.
While on the surface the fields of play of our companies and start-ups appear disparate, there are common threads: big spaces ripe for disruption; exploiting massive market inefficiencies; technology enabled solutions; valuable inherent consumer propositions; multi-channel marketing.
Michael Loeb Job Title Founder & CEO Company LOEB ENTERPRISES