|The Wharton School of the University of Pennsylvania, BE||2008|
Jack Abraham is the Founder & CEO of Milo, a leading local shopping engine that was acquired by eBay in December of 2010 where he now serves as the company’s Director of Local.
Believing that commerce would expand beyond Amazon and eBay, Jack left the Wharton School in early 2008 and moved to Palo Alto with his co-founder John Evans to experiment with ideas of the future of shopping. Shortly thereafter they discovered a major pain point: an inability to check local stock and prices in real-time from the web. In the fall of 2008 he raised an angel round with prominent angels Keith Rabois, Kevin Hartz, and Jawed Karim.
In the following year Milo added 50,000 retail locations across the US and attracted over 1 million unique monthly visitors without marketing. In the fall of 2009, Milo, then a strongly technical team of 26, was bought by eBay.