Adeo Ressi
| Adeo Ressi | |
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Adeo Ressi in 2008
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| Born | New York City, New York (state), U.S. |
| Residence | San Francisco, California |
| Alma mater | University of Pennsylvania |
| Occupation | Entrepreneur |
| Known for | Founder & CEO of
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Adeo Ressi is an American entrepreneur and investor who is best known as the founder and CEO of TheFunded and The Founder Institute. He has been a fixture in the Silicon Valley since creating TheFunded in 2007. His previous business ventures include methodfive, Game Trust, Total New York, and Expansive Ventures. He has also sat on the board of the X Prize Foundation.
Born Adeodato Gregory Ressi di Cervia, Ressi is Italian-American, and was raised in New York City's Upper West Side. As a child, he asked his parents to send him to Arcosanti, an experimental town in Arizona, rather than traditional summer camp. He spent four summers in Arcosanti as its youngest working resident. He was often tasked with performing menial jobs like cleaning out sewage pipes. His experiences at Arcosanti piqued his interest in environmental issues and influenced his career path to some degree.
Ressi attended college at the University of Pennsylvania where he spent time as a housemate of PayPal co-founder, Elon Musk. Ressi and Musk opened an unofficial "nightclub" at their house, boasting as many as 500 patrons on a single night. As an undergraduate, he founded the Social Revolutionary Club and started an environment-themed campus newspaper called, Green Times. He was an environmental studies major. He spent four years in college but did not receive his degree, because he wanted to use copies of Green Times as his senior thesis instead of writing a traditional paper.
After ending his collegiate career, Ressi co-founded Total New York, a localized news website, in 1994. In 1997, America Online purchased Total New York for an undisclosed amount of money and redubbed it AOL Digital City. He founded methodfive, a web development firm, in 1995 and sold it to Xceed in 2000 for $88 million. Ressi used the money from his previous two ventures to found Game Trust, a developer of online casual game infrastructure, in 2002. Game Trust had a successful first round of funding in 2003, securing investments from Silicon Alley Venture Partners and Intel Capital.
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