Kaleil Isaza Tuzman
| Kaleil Isaza Tuzman | |
|---|---|
| Born | October 1971 Boston, Massachusetts
|
| Alma mater | Harvard University |
| Occupation | Managing partner of KCP Capital. |
| Known for | Entrepreneur, Co-founder of govWorks.com, subject of documentary Startup.com (2001) |
Kaleil Isaza Tuzman is an entrepreneur and Managing Partner of KIT Capital. Tuzman started his career at Goldman Sachs and has worked in the digital media industry for more than 20 years, serving as President of JumpTV and chief executive officer and chairman of KIT digital, Inc. Tuzman was also co-founder of govWorks.com, the subject of the documentary Startup.com (2001), which followed the company from its founding to bankruptcy. On September 7, 2015, he was arrested in Colombia and held in a Bogotá prison until being extradited to the United States where he is under house arrest awaiting trial for accounting fraud and SEC violations.
After graduating from Harvard University, Tuzman worked on Wall Street for five years at Goldman Sachs, before launching govWorks, Inc., an Internet startup, along with his childhood friend Tom Herman. As the company's CEO, Tuzman was able to quickly raise $60 million in venture capital; however, like many companies of the "dot-com era", govWorks, Inc. was negatively affected by the burst of the "dot-com bubble" and was sold to First Data Corp. for nearly $20 million. The journey from the company's founding to its sale was chronicled in a documentary Startup.com (2001), which premiered at the Sundance Film Festival in 2001.
Soon after govWorks.com folded, Tuzman founded Recognition Group (now known as KIT Capital), a company aimed at providing exit strategies, financial restructuring, and interim management for distressed companies. Among dozens of projects, KIT Capital managed the sale of Tigris Corp., a privately held strategic sourcing and supply chain consultancy based in New York City, to Verticalnet, Inc. in 2004. In 2001, KIT Capital/Recognition Group took over KPE, a struggling web development subsidiary of Grey Global Group, where Tuzman took the role of the CEO and chairman. He sold the company to Mobilocity, Inc. (which was subsequently sold to Agency.com) less than a year later.
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