Bill Gross started Idealab in 1996 to create and operate pioneering technology companies. The structure of Idealab has allowed us to test many ideas at once and turn the best of them into companies, attracting the human and financial capital necessary to bring them to market.
Many of these companies were among the first to introduce new business ideas to the market. CitySearch, now a part of IAC, established the category of local online community directories. eToys demonstrated the tremendous potential for online consumer retail and became one of the most recognized brands during the early days of e-commerce. Overture Services, which began life as GoTo.com, was the first company to introduce the concept of paid search — the business model that powers the multibillion-dollar online search market.
Idealab continues to explore a range of technology frontiers. New models for improving the search experience are at the core of several companies currently growing inside of Idealab. Moving beyond the Internet, we have spawned companies with breakthrough technologies in robotics, renewable energy and automotive design and production among others. Idealab also continues to partner with leading venture capital firms and other strategic investors to provide the resources to maximize the potential of these companies.
In addition to capital, Idealab provides a full range of resources to infuse start-ups with the support they need to rapidly introduce innovative products and services. Resources include office space and the accompanying office services, development and technology, product and graphic design, marketing, financial advice, human resources, competitive research, legal, accounting and business development support and services. In addition, Idealab provides advice on strategy, branding and corporate structure.
Alloy Labs drives exponential growth for banks by leveraging powerful network effects. Our Alliance members work together to identify opportunities for differentiation and co-create solutions that give them a competitive edge.
Members also get exclusive access to The Concept Lab, a reverse accelerator that builds value-driven partnerships with startups, and the Alloy Alchemist Fund, which invests in the technology companies shaping the future of financial services.
In addition, they have exclusive access to The Concept Lab, a reverse accelerator that builds unique partnerships with startups, and the Alloy Alchemist Fund, which invests in the technology companies shaping the future of financial services.
With more than 70 banks and over $250B in assets, our combined strength means members can compete as a Top 20 bank.
Innovation Partners works with startups and established clients to support innovation efforts around new venture creation.
Our team engages your target market for customer discovery, product or service ideation, and to validate fundamental assumptions around your value proposition.
We partner around three phases of effort:
• PRODUCT DEVELOPMENT
• CUSTOMER VALIDATION
• GO TO MARKET