Ben duPont
| Ben duPont | |
|---|---|
 |
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| Born |
Benjamin Franklin du Pont January 14, 1964 |
| Nationality | American |
| Education | B.S. Mechanical Engineering (1986) |
| Alma mater | Tufts University |
| Occupation | Business executive |
| Known for | Founder of yet2Ventures and yet2.com |
| Spouse(s) | Laura Leigh duPont |
| Children | 2 |
Benjamin Franklin duPont is an American businessman, and is best known for founding the company yet2.com and yet2Ventures. He is a member of the prominent Du Pont family.
Ben duPont began working for the DuPont corporation in 1986, a company founded by the du Ponts in 1802. He held various management positions in the company over 13 years. In 1999, he left DuPont to cofound yet2.com with Phillip Stern, a U.S. patent distribution firm located in Cambridge, Massachusetts. Ben duPont currently serves as the company's president and a founding partner. After a year of development the firm had raised $24 million in financing, and was described as a "quasi-clearinghouse for technology developed by corporations" by Forbes Magazine, where both inventors and companies can post their patents for sale or lease to other firms.
In December 2002, yet2.com was acquired by Scipher, but the next year duPont acquired yet2.com back from Scipher and became its executive director. The website had grown into the world's largest open innovation platform. A venture capital firm, yet2Ventures, remained independent after being incubated at yet2.com. yet2Ventures has specialized in investments in medical devices, electronics, materials science, clean tech, and other technology. The company has offices in Liverpool, Boston, Tokyo, and Wilmington, Delaware. In 2010, yet2Ventures completed a transaction with the Japan Asia Investment Corporation relating to its U.S. venture portfolio. Over the years his firm has invested in more than 40 U.S. companies. and has also since invested in a number of secondary direct and primary transactions.
DuPont has served as a director of Vianix, Speakman, Longwood Gardens Inc., Gigsky, Inc, and Bessemer Trust Delaware. Since 2008 he has been a member of the board of the directors for Morgan Stanley Capital International. He is also chairman of the board for Mobeam Inc., headquartered in California's Silicon Valley. and a board observer of Ecrio.
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