Halsey Minor

He also founded or co-founded Live Planet, VideoCoin, Vivid Labs, Salesforce.com, Google Voice, OpenDNS, and Vignette.

Minor moved to New York City for his first job out of college working for Merrill Lynch as an investment banker.

While there, he created a spinoff called Global Publishing Corporation that focused on sharing information and training materials across Merrill's IT infrastructure.

[2][3] This was followed by a project with coworker Jeff Bezos to develop software that would have provided custom news feeds based on each user's job description and interests.

Afterwards, Minor spent a year doing consulting work for EastWest Network, which published magazines typically found on airplanes.

However, that year Minor convinced Microsoft cofounder Paul Allen to invest $5 million for a 20% interest in the company.

[13] Minor started a venture capital firm called 12 Entrepreneuring in February 2000, but it quickly dissolved due to internal discord and the decline of the tech sector after the dot-com bubble.

[11][9][18] It installed OpenDNS at its San Francisco office, providing coaching, investments, and administrative support to get the company started.

[17] He eventually lost his wealth on real estate, horse-breeding, legal disputes, and artwork,[11][20][18] culminating in a bankruptcy filing in June 2013.

[21] Business Insider depicted the decline in Minor's wealth as "most likely due to his expensive taste in real estate, art, and horses".

The Foundation submitted the only bid at the auction held on May 21, 2014, for the outstanding mortgage amount, and announced that it planned to resell it, with the price increased because of significant costs related to the sale, including over $600,000 in necessary repairs.

Minor counter-sued saying that Sotheby's routinely sold artwork without fully disclosing the paintings were still collateral for the prior owner's loans.