Scott Banister

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Scott built his career by identifying new markets and shaping innovative products for them. In 1995, he identified search engines as a significant advertising medium and invented the first products to automate marketing across multiple search engines, ultimately creating the bid-for-placement business model used by GoTo/Overture (and now Google AdWords) and serving as VP Ideas at GoTo-incubator Idealab. As an initial investor and Director at PayPal, he was a co-inventor of the ‘email payments’ product now widely used on eBay. In 2000, Scott saw opportunity in the unbounded growth of email traffic, co-founding IronPort Systems and serving as CTO. Now the market leader in anti-spam technology, IronPort was acquired by Cisco Systems for $830 million in 2007.

Investments

Sources

1. Zivity, an adult social network, raises $1M before launch (venturebeat.com) [edit]
2. powerset.com [edit]
3. Project Agape, formerly known as Philotic, raises $2.35M, for good causes (venturebeat.com) [edit]
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6. GarageBand.com Announces New CEO and Business Strategy (garageband.com) [edit]
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