Michael Loeb, a serial entrepreneur, is currently the President and CEO of Loeb Enterprises, a private venture investor, and start-up incubator and operator of consumer marketing businesses.
Prior to Loeb Enterprises, Michael was the President of the Synapse Group, Inc., now a wholly-owned subsidiary of Time Warner. Michael co-founded the company in 1992 with Priceline founder, Jay Walker. Under Michael’s direction, Synapse grew to become the largest seller of consumer magazine subscriptions worldwide, leveraging its revolutionary and patented “continuous service” model to fundamentally change the industry. Michael also assisted Jay Walker in the creation and early funding of Priceline.
Loeb Enterprises was founded in 2006 after the sale of Synapse Group to Time Warner was completed. There are two parts of Loeb Enterprises: early stage venture investing which is funded internally and an incubator for start-ups for our own ideas. The largest of these start-ups is ScriptRelief, a joint venture with CatamaranRx, a $20billion Pharmacy Benefit Manager. A free pharmacy benefit card, ScriptRelief saves consumers up to 75% off the full price of any “uncovered” prescription purchases at virtually any drugstore. Today, ScriptRelief has over 5,000,000 users.
Prior to Synapse, Michael enjoyed an eight-year career at Time Warner. He currently resides in New York City with his wife and children.