Mike Levy, Founder and CEO - Maxxpoint Corp.
Mike Levy is the founder and former CEO of SportsLine.com (now CBSSports.com), a leading sports media company which published CBS SportsLine.com, NFL.com, PGA Tour.com and NCAA Sports.com. Founded in February, 1994, SportsLine was listed on NASDAQ from November, 1997 through December, 2004 when it was acquired by CBS.
At SportsLine, Mr. Levy forged alliances with CBS Sports, AOL, the NFL, the NBA, MLB, the PGA Tour, the NCAA, various players’ associations and many superstar athletes including Tiger Woods, Michael Jordan, Shaquille O’Neal, Joe Namath, John Elway, Jerry Rice, Mike Schmidt and Wayne Gretzky.
SportsLine’s initial venture funding was through Kleiner, Perkins, Caufield and Byers. Subsequent private investors included Reuters, TCI, US West and NY Life. Mr. Levy took SportsLine public in 1997 raising $32 million. In 1998, SportsLine raised $150 million in a secondary offering and in 1999 raised $150 million in a convertible bond offering. During the Internet boom years from 1998 to early 2000, SportsLine’s market cap routinely exceeded $1 billion.
In 1998, Mr. Levy was featured in a Forbes cover story with several other early Internet company founders. He was also the subject of numerous articles in Fortune, Business Week and Forbes, was a frequent guest on CNBC, Bloomberg and CNN, and an invited speaker at important Internet and media conferences.
From 2008 through 2010, Mr. Levy was CEO of OPEN Sports Network, Inc., a next-generation Internet service that offered advanced fantasy sports applications. OPEN Sports entered into an agreement with FOX Sports to provide fantasy football products on FOXSports.com for the 2008 and 2009 NFL seasons.
From 1978 through 1993, Mr. Levy was CEO of Lexicon Corporation, a company he co-founded to develop and market the world’s first electronic language translator. Under Levy, Lexicon went on to develop data communications terminals for the Department of Defense and Fortune 500 clients, and financial transaction terminals for major credit card issuers, banks and large retailers. Sports-Tech International, Inc., a Lexicon subsidiary, developed the video analysis systems which were used by a majority of NFL and NBA teams and over 150 collegiate sports programs.
From 1969 through 1977 Mr. Levy held engineering design and management positions with Racal Datacom and Harris Corporation. Mr. Levy holds six patents for innovative high-tech products and received his Bachelor of Electrical Engineering degree from Georgia Tech in 1969.
Mr. Levy was selected as one of The Sporting News 100 most powerful people in sports for three consecutive years (1999-2001). In 1999, he was given the Annual Achievement in Technology and New Media Award by UJA Federation of New York. In 1998, Mr. Levy was inducted by Georgia Tech’s College of Engineering into the Academy of Distinguished Alumni. In 1997, Mr. Levy received the “Florida Entrepreneur of the Year Award” sponsored by Ernst & Young and the “1997 Interactive Entrepreneur Award” by the Interactive Services Association.