Dan Engel
Verified
Dan has been an e-commerce & software industry entrepreneur since 1997, and has been a public investor since 1991.
http://en.wikipedia.org/wiki/Dan_Engel
Prior to being an active investor, Dan was CEO/Co-Founder of FastSpring, a leading e-payment SaaS platform for 3,500+ software companies worldwide. Dan bootstrapped FastSpring's revenue from $0 to over $120 million w/ total funding of $30,000 from 2005-2013. FastSpring (acquired in 2013 and again by Accel-KKR in 2018), known for its phenomenal customer service (4 time winner of The Silver Stevie Award for "Customer Service Department Of The Year"), had an annual churn rate of 1.3%. It was the #1 fastest-growing company in the LA area during 2006-2010, 13th fastest-growing in N. America, and ranked 41 & 53 on the Inc 500 for 2010 & 2011. The founders/original investors in FastSpring earned an ROI of over 1,000X on their original investment.
Prior to co-founding FastSpring, Dan led online customer acquisition/advertising for Google AdSense & AdWords, through its IPO. Before Google, Dan was VP of Market Development at Picasa, a digital photo consumer software company sold to Google in '04 (now Google Photos). Dan led Picasa's customer acquisition & business development initiatives, growing revenue by 7x in ten months.
Previously, Dan led customer acquisition/revenue generation for GoToMyPC & GoToMeeting software, generating tens of millions in revenue over a 2-year period, helping lead to a $225M acquisition by Citrix in '03 & building a major online brand. In '16, the GoToMeeting division generated over $600M in recurring SaaS revenue and was acquired by LogMeIn for $1.8 billion.
At 24, Dan was an Entrepreneur-in-Residence at Idealab, the #1 .com incubator, after starting a consumer e-commerce company in college. He graduated Tulane majoring in Finance in '98. Dan has appeared in various publications, including Entrepreneur, Forbes & the WSJ, and serves on various director/advisor boards.