Georgian, Spring 2005

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Georgian A Publication of George School, Newtown, Pennsylvania

Volume 77 • Number 1 • Spring 2005

Hurdling Obstacles By Carol J. Suplee

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In three words, Jeff Siegel ’79 sums up his entrepreneurial spirit: “Never say ‘No!’”

“I believe that the key to ongoing success is to make sure everyone wins…”

ven before he finished law school, Jeff Siegel ’79 was flexing his entrepreneurial muscles. Jeff ventured into the real estate field (initially with another George School grad, Daniel Popkin ’77, and then on his own) buying and adding value to properties for resale, then buying more. He relished the adventure, the challenge, and, especially, the successes. Just four years out of law school, Jeff and his brother Scott launched their first company, Vantage Sports Management. The firm provided athlete representation and sports marketing consulting for firms involved in promotion and advertising endeavors in the burgeoning sports industry, including some that utilized well-known athletes as celebrity spokespersons. For Scott, a successful college athlete and sports lover, and Jeff, the inveterate risk-taker, it was fun. The brothers used that company as a springboard, diving into other enterprises. They created and promoted sports events, like the International Junior Golf Tour, and became the major producer of licensed golf memorabilia for the PGA Tour. They created a management component for actors, entertainers, athletes, and models. Scott still heads the thriving firm. How did Jeff and Scott, neither of whom had previous experience in the high-stakes world of sports management, successfully pull off their ambitious game plan on such an obstacle-ridden playing field? “Hustle,” Jeff says. “That’s the number one ingredient in launching any new business. You can’t be afraid. You must have confidence in yourself. Every day there’s another obstacle, but you can’t let it stop you.”

Jeff is currently president and chief operating officer of Princeton Technology Partners, launched in 2002. The firm owns and develops technologies in a variety of industries including material sciences and health care. Jeff led a team that successfully completed a transaction with an existing technology firm, described by Jeff as a “technology incubator,” and brought much-needed entrepreneurial, management, financing, and development skills to the table. “We were well suited to succeed. We have interests in about 48 different patents in a variety of fields,” Jeff says. “We have been busy developing products, licensing, and creating markets.” As examples, Jeff cited a noninvasive, objective, diagnostic tool for detecting Alzheimer’s disease, and a mold-inhibiting wallboard. Perhaps Jeff’s most exciting project markets a unique coating product, SolarSave®, which is owned by yet another firm launched in 2004, Intellicoat Technologies, where Jeff also is president and COO. SolarSave® is applied to the roofs of buildings to remove the significant heat load generated by the sun, dramatically decreasing air-conditioning costs, especially in warm climates. The firm does the installation with no up-front cost to the customer and is compensated through a multi-year agreement to share energy savings. The savings are dramatic and guaranteed (insured by a global financial institution). Florida’s public school system is a typical |client as are big box retailers and Fortune 1000 companies. Jeff explains three ways to finance a start-up business. “The first is yourself, perhaps with help from banks. The second is through a group continued on page 5

Inside this GEORGIAN Honoring Alumni

A Tribute to Eric Curtis

Two members of the Class of ’55

Former head of school dies at age 88.

recognized for their achievements.

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