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George Lindeman

New York native studied economics at Wharton before joining father’s cosmetics firm 1958. Pushed product line beyond makeup: developed Permalens, first permanent soft contact lens. Sold operation for $60 million 1971; first sale of lucrative startup streak. Founded Vision Cable 1972; built subscriber base to 230,000, sold to Newhouse brothers for $220 million decade later. Flipped his cell phone firm Metro Mobile to Bell Atlantic for $2.5 billion 1991. Now in energy: chairman of Southern Union, third-largest natural gas pipeline company in U.S. Stock down 7% in past year. Sold Palm Beach mansion last June for $68.5 million.

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Company Date Round Size Participants
Addashop 1/99Series A$3M2

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Last Edited 2/8/10

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