Founded in 1996 by Bill Gross, Idealab is the leading technology incubator. During its more than two decades, Idealab has started more than 150 companies, created more than 10,000 jobs, and had more than 45 successful IPOs and acquisitions. Idealab has started and exited from seven companies valued at at least $1 billion. The company’s mission is to challenge the status quo, to be bold, and to tackle big ideas that others would not. Many of the ideas for companies come from Bill Gross, founder, and chairman. Idealab provides the first round of capital, recruits a CEO and team, and then works with the company to quickly ramp up its business.