In 2009, Stripes Group invested $13 million into MyWebGrocer, a company that manages websites for grocery chains while selling advertising to consumer packaged goods companies that is based in Winooski, VT. Prior to forming Stripes, Ken was a Co-Founder and Managing Director with Internet Capital Group (NASDAQ: ICGE) and a Director with Safeguard Scientifics, Inc. Stripes Group portfolio companies include Perimeter eSecurity, Epic Advertising, NetQuote and SmartWool. In 2003, Fox founded Stripes Group, a Manhattan-based private equity firm that makes growth-stage minority and majority investments in profitable internet, software-as-a-service, technology-enabled services and branded consumer products companies. Fox's experience as an investor and operator with ICG during 20, a period in which the company paired its portfolio and operations, impacted his view on risk management and determined his current approach to private equity investing. ICG’s market capitalization peaked in March 2000 at over $50 billion after going public in August 1999. Fox also was Chairman of ICG Asia, a Hong Kong listed company that was sold to Hutchinson-Whampoa. Partner/Founder, Stripes Group LLC TENURE AT CURRENT POSITION. While at ICG he led several investments including Matchlogic, SMART Technologies and TRADEX. In 1996, Fox, along with fellow Safeguard executive Walter Buckley, founded Internet Capital Group (NASDAQ : ICGE) with strategic investors including IBM and General Electric. On Wednesday, May 16, OPCs from the New York area gathered at the Stripes Group rooftop offices of Ken Fox OPC 89 and Pat Keane OPC 88 for an evening of. and in 1995 established the company's San Francisco office. In 1994, Fox joined venture capital firm Safeguard Scientifics Inc. He graduated from The Pennsylvania State University with a BS degree in economics. Fox grew up in the suburbs of Philadelphia, Pennsylvania, where he started his first business at the age of 15.
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