Michael Loeb is a serial entrepreneur and the founder & CEO of Loeb.nyc.
After starting his career at Time Inc., Michael co-founded the Synapse Group with then partner, Jay Walker. Under Michael’s direction, Synapse grew to become the largest seller of consumer magazine subscriptions worldwide, with its patented credit card-based Continuous Service model. Michael and Jay went on to incubate Priceline.com at Synapse, leveraging a shared team of operations and capital.
When Synapse Group was sold to Time Warner for $800mm in 2006, Michael formed Loeb Enterprises with partner, Rich Vogel to ideate and develop new business concepts. The largest of those ventures was ScriptRelief, a first of its kind pharmacy discount provider that has a membership in excess of 12 million Americans which saves patients billions on their prescriptions. ScriptRelief was recently sold to United Healthcare for an undisclosed amount.
As of 2019, self-funded Loeb Enterprises, rebranded to Loeb.nyc, is building and managing a portfolio of over 20 curated companies, most of which are domiciled at Loeb headquarters in Manhattan and half of which are executions of Loeb concepts. Under Michael’s leadership, Loeb.nyc has established a new model for startups. By pairing exceptional strategic and executional talent with passionate founders, and CEOs plus capital Loeb.nyc significantly derisks startup launches of the 20 companies, Loeb expects enough bonafide unicorns to populate a small corral.