Oblak

Wayfair Shares Business Update

Retrieved on: 
Wednesday, June 7, 2023
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BOSTON, June 7, 2023 /PRNewswire/ -- Wayfair Inc. (NYSE:W), one of the world's largest destinations for the home, today shared an update on its business leadership and performance. The company announced that Steve Oblak, Chief Commercial Officer, will retire from Wayfair in Q1 2024 after 14 years of leadership. It announced the planned appointment of Jon Blotner to the role of Chief Commercial Officer and also shared details on quarter-to-date business trends, which continue to improve in spite of a difficult macro environment.

Key Points: 
  • Steve Oblak to retire in Q1 2024; Jon Blotner to be named Chief Commercial Officer
    BOSTON, June 7, 2023 /PRNewswire/ -- Wayfair Inc. (NYSE:W), one of the world's largest destinations for the home, today shared an update on its business leadership and performance.
  • The company announced that Steve Oblak, Chief Commercial Officer, will retire from Wayfair in Q1 2024 after 14 years of leadership.
  • He oversaw countless milestones, from helping to launch the Wayfair brand as we brought together hundreds of sites into a single platform, to launching new categories, business lines, and geographies while overseeing our North American and European businesses, to leading our debut into physical retail," noted Niraj Shah, CEO, Co-Chairman and Co-Founder, Wayfair.
  • This improvement relative to the company's last business update has been driven by total order growth turning positive year-over-year during the period, offsetting lower average order values and the impact of deflation.

PRIVATE EQUITY INDUSTRY VETERAN PEGGY KOENIG JOINS DATA POINT CAPITAL

Retrieved on: 
Thursday, March 17, 2022
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"We could not be more pleased to have Peggy involved," said Scott Savitz, Founder and Managing Partner of Data Point Capital. "Peggy has had an amazing career. With over 30-years of investing in, managing, and financing numerous successful companies -- and having served as co-CEO of Abry where she was responsible for the firm's investment strategy, capital formation and investment team -- Peggy brings spectacular experience to Data Point, especially at a time when we are evolving into a much larger operation."

Key Points: 
  • "We could not be more pleased to have Peggy involved," said Scott Savitz, Founder and Managing Partner of Data Point Capital.
  • With approximately $400M under management, Data Point Capital has 23 active portfolio companies, manages a $230M SPAC (DP CAP Acquisition Corp.
  • Leonardo DiCaprio, Academy Award winning actor and environmental activist, also serves as a Special Advisor to Data Point Capital.
  • At Data Point Capital, we think of ourselves as entrepreneurs helping entrepreneurs and that by investing with independent thinking based on real, differentiated innovation and complementary key metrics, superior results can be achieved.

Data Point Capital Welcomes Venture Veteran Geoff Oblak As A Managing Partner

Retrieved on: 
Wednesday, September 16, 2020
Corporate finance, Entrepreneurship, Private equity, Venture capital, Oblak, Economy

BOSTON, Sept. 16, 2020 /PRNewswire/ --Data Point Capital (DPC), a prominent Boston-based venture capital firm focused on funding highly-scalable technology companies, today announced that Geoff Oblak has joined the firm as its newest Managing Partner.

Key Points: 
  • BOSTON, Sept. 16, 2020 /PRNewswire/ --Data Point Capital (DPC), a prominent Boston-based venture capital firm focused on funding highly-scalable technology companies, today announced that Geoff Oblak has joined the firm as its newest Managing Partner.
  • "I could not be happier to have Geoff join our team," said Scott Savitz, Managing Partner and Founder of DPC.
  • At Data Point Capital where we truly view ourselves as sitting on the same side of the table as the entrepreneurs we work with, Geoff will fit right in."
  • In addition to Savitz, Oblak joins Mike Majors, also Managing Partner at Data Point Capital.