April 29th, 2014 by admin

Meet Jay

Jay Walker, one of America’s best-known business inventors and entrepreneurs, served as our Executive Chairman until September 20, 2018. He has founded multiple successful start-up companies in multiple industries that today serve more than tens of millions of customers each.

Jay is chairman of Walker Digital, a privately-held R&D lab based in Stamford, Connecticut. Walker Digital, LLC has invented hundreds of solutions for a wide variety of business problems. Since its founding in 1994, the company has funded an R&D budget of tens of millions of dollars — specializing in creating innovative applications that work with large-scale networks such as cell phones and the Internet.

Jay is best known as the founder of priceline.com, which brought a new level of value to the travel industry. Today, Priceline is a highly profitable public company with millions of active customers that achieved a market cap in excess of $80B in 2017. The business processes that guide Priceline’s success were created in the invention lab of Walker Digital.

Ever wonder what happens to an astronaut’s heart rate as
he lands on the moon for the first time?

As an inventor, Jay is names on more than 500 issued and pending U.S. and international patents, making him one of the world’s most prolific individual living inventors.

Jay also co-founded Synapse Group, a company that leveraged the credit card processing network to revolutionize the magazine subscription business. Jay served as its marketing leader and created a customer database of 20 million active buyers — winning him the Direct Marketer of the Year award in 1999. Synapse is now a unit of Time Inc.

Jay is the acting Chief Executive Officer and controlling investor in The Upside Commerce Group, LLC, a business travel company he founded in 2015.

Many respected national publications have acknowledged Jay Walker for leadership in business innovation. Twice named as one of the “50 most influential business leaders in the digital age” by the editors of TIME magazine, Businessweek selected him as one of its 25 Internet pioneers most responsible for “changing the competitive landscape of almost every industry in the world,” and Newsweek cited Jay Walker as one of the three executives at the forefront of the Internet commerce revolution.

Jay is a key member of several organizations that promote innovative solutions to the world’s problems, including:

TEDMED, LLC (chairman and a partner). TEDMED is an annual innovation summit for health care, bringing together accomplished individuals from many fields of technology, medicine and business to exchange ideas and work on difficult medical problems.

The Atlantic Council (board member). This organization fosters constructive U.S. leadership and engagement in international affairs based on the central role of the Atlantic community in meeting the international challenges of the 21st century.

World Information Transfer, Inc. (board member). This not-for-profit, non-governmental organization in General Consultative Status with the United Nations. WIT works for environmental health and literacy. Jay has spoken numerous times on health and environmental issues.

Jay is a Patron of TED (Technology, Entertainment, Design), a nonprofit dedicated to “Ideas Worth Spreading.” He is a frequent speaker and contributor to its conferences.

A Member of the National Academies Board on Science, Technology and Economic Policy. The Board promotes the creation, diffusion, and application of new scientific and technical knowledge to enhance the productivity and competitiveness of the U.S. economy and foster economic prosperity for all Americans.

The National Academy of Inventors. Jay has been elected to the Fellows Program which acknowledges a highly prolific spirit of invention with an emphasis on inventions that have made a tangible impact on quality of life, economic development, and the welfare of society.

The Power of Imagination:
Jay Walker on the fuel that drives innovation

Keenly interested in both science and education, Jay funded the development of two public policy documentary films about the space race and the role of science in American life. The first film focused on Sputnik’s impact on America’s education system; the second film explored broader U.S. cultural reactions to Sputnik.

A striking embodiment of Jay’s focus on innovation is his vast personal library. Within a multi-level, mazelike setting, The Walker Library of The History of Human Imagination contains thousands of landmark books and museum-level artifacts. The Walker Library has hosted numerous world leaders from business, government, science, medicine, the arts and education as part of Jay’s commitment to foster thoughtful discussions on the challenges facing the U.S. and the world community.

Jay has partnered with the World Economic Forum in Davos to develop enhanced communications systems between business and governments. He has testified before the U.S. Congress on economic policy and on how to reform the patent system. He is widely sought as a speaker by business groups, nonprofits and the academic community.

In 2009, Jay was honored as the “Cornell Entrepreneur of the Year” through the Entrepreneurship Program at his alma matter, Cornell University. He holds a B.S. degree in Industrial Relations from Cornell.

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