Spencer Trask & Co.
| Headquarters | , United States |
|---|---|
Key people | Kevin Kimberlin (Chairman) |
| Services | Development of advanced technology companies |
| Website | spencertraskco |
Spencer Trask & Co. was founded by Spencer Trask and George Foster Peabody as an investment firm.[1][2] The company is headquartered in Greenwich, Connecticut, and funds ventures in genomics, healthcare, mobile technology and communications.[3][4]
History
[edit]Spencer Trask & Co. was established in 1881 by Spencer Trask, evolving from his earlier ventures, including Trask & Stone, a brokerage house founded in 1868.[1][5]
Starting in the 1890s, the firm financed Thomas Edison in the development of the light bulb and the electric power systems.[6] Trask was president of the New York Edison Company (now known as Consolidated Edison), the first electric power company, for nearly 15 years.[1][7] Spencer Trask was one of the first companies to be supplied with electric lamps.[8]
In the 1890s, Trask and George Foster Peabody lead a group of investors in financing The New York Times. The paper returned to profitability, with Adolph Ochs as publisher.[8]
Spencer Trask & Co. also provided financing Guglielmo Marconi's Marconi Wireless company in the 1900s.[6]
The firm provided the first funding to Myriad Genetics, a genomics diagnostics company known for sequencing the breast cancer gene, BRCA1.[9] This work contributed to advances in genomic medicine.
References
[edit]- 1 2 3 "SPENCER TRASK & CO. 50 YEARS OLD TODAY". The New York Times. 1931-05-01. Retrieved 2024-11-01.
- ↑ "George Foster Peabody". New Georgia Encyclopedia. 2013-08-09. Retrieved 2024-11-01.
- ↑ "Spencer Trask Joins UNICEF and the Bill & Melinda Gates Foundation to Support 5th Annual World Polio Day". markets.businessinsider.com. 2017-10-23. Retrieved 2024-12-13.
- ↑ "Spencer Trask & Co". Bloomberg.com. Retrieved 2024-11-01.
- ↑ "Yaddo records". archives.nypl.org. 2017-08-10. Retrieved 2024-11-01.
- 1 2 "Trask Marconi". Newspapers.com. 1903-11-01. Retrieved 2024-11-01.
- ↑ "The Edison Electric Illuminating Co. of New York" (PDF). Columbia University. January 21, 1891. Retrieved November 1, 2024.
- 1 2 "An Expanding Spencer Trask & Co. Keeps Its Personal Touch; Spencer Trask Keeps Personal Touch". The New York Times. 1968-02-05. Retrieved 2024-12-13.
- ↑ Angier, Natalie (1994-09-20). "Fierce Competition Marked Fervid Race For Cancer Gene". The New York Times. Retrieved 2024-11-01.