Nationality American Name Ben duPont Children 2 | Spouse(s) Laura Leigh duPont Occupation Business executive | |
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Full Name Benjamin Franklin du Pont Born January 14, 1964 (age 60) ( 1964-01-14 ) Education B.S. Mechanical Engineering (1986) Known for Founder of yet2Ventures and yet2.com | ||
New owners investing millions to update DuPont Country Club
Benjamin Franklin duPont is an American businessman, and is best known for founding the company yet2.com and yet2Ventures. He is a member of the prominent Du Pont family.
Contents
- New owners investing millions to update DuPont Country Club
- Ben duPont on Creativity and Innovation in Delaware
- Career
- Family
- References
Ben duPont on Creativity and Innovation in Delaware
Career
Ben duPont began working for the DuPont corporation in 1986, a company founded by the du Ponts in 1802. He held various management positions in the company over 13 years. In 1999, he left DuPont to cofound yet2.com with Phillip Stern, a U.S. patent distribution firm located in Cambridge, Massachusetts. Ben duPont currently serves as the company's president and a founding partner. After a year of development the firm had raised $24 million in financing, and was described as a "quasi-clearinghouse for technology developed by corporations" by Forbes Magazine, where both inventors and companies can post their patents for sale or lease to other firms.
In December 2002, yet2.com was acquired by Scipher, but the next year duPont acquired yet2.com back from Scipher and became its executive director. The website had grown into the world's largest open innovation platform. A venture capital firm, yet2Ventures, remained independent after being incubated at yet2.com. yet2Ventures has specialized in investments in medical devices, electronics, materials science, clean tech, and other technology. The company has offices in Liverpool, Boston, Tokyo, and Wilmington, Delaware. In 2010, yet2Ventures completed a transaction with the Japan Asia Investment Corporation relating to its U.S. venture portfolio. Over the years his firm has invested in more than 40 U.S. companies. and has also since invested in a number of secondary direct and primary transactions.
DuPont has served as a director of Vianix, Speakman, Longwood Gardens Inc., Gigsky, Inc, and Bessemer Trust Delaware. Since 2008 he has been a member of the board of the directors for Morgan Stanley Capital International. He is also chairman of the board for Mobeam Inc., headquartered in California's Silicon Valley. and a board observer of Ecrio.
Family
Benjamin Franklin duPont was born in 1964. His father is Pierre S. du Pont IV, Republican U.S. Representative and Governor of Delaware from 1977 to 1985. He graduated from Tufts University with a Bachelor of Science in mechanical engineering in 1986. In August 2001, Ben married Laura Leigh Lemole, a jewelry designer, at her parents' summer home in Cumberland, Maine. They have two children. DuPont's brother-in-law, G. Michael Lemole Jr., is a neurosurgeon who operated on Arizona congresswoman Gabrielle Giffords after she was shot in the head in 2011. His sister-in-law is Lisa Lemole Oz, wife of Mehmet Oz. DuPont's niece is Daphne Oz.