Overview
Fritz Lanman (born August 6, 1981) is an American entrepreneur and investor in early-stage technology companies. He led the seed and Series A financings in ClassPass in 2014 and became CEO in 2017. In 2021, ClassPass was acquired by Mindbody Inc., valuing the former at $1 billion. In August 2022, it was announced that Fritz would take over as CEO of MindBody. In addition to his role at ClassPass, he is notable for leading the initial financings of Pinterest, Square, Wish, and Flexport, as well as leading the Microsoft deal team decision to invest $240 million in Facebook in 2007, an investment now worth over $8 billion.
Early life
Lanman is the first of five sons of Dr. Richard Lanman and Alanna Purcell Lanman, born on August 6, 1981. He grew up and attended high school in Los Altos, California where he played football, basketball, and golf. He toured Belgium, Netherlands, Luxembourg, and France with the Main Street Singers in 1999. Lanman graduated from Yale University in 2003, one of a long line of Lanman Yale graduates beginning with his ancestor United States Senator James Lanman, who graduated from Yale College in 1788. Lanman speaks three languages: English, Italian, and Spanish.
Career
Fritz Lanman began his career as a Product Manager at Microsoft. He subsequently rose to become Senior Director, Corporate Strategy, where he worked on several notable deals including Microsoft's $240 million Facebook investment. Lanman was quoted onstage at the Le Web conference in 2010 confirming Microsoft's attempt to acquire Facebook, and positing that Facebook (then valued less than $10 billion) would one day be worth as much as Microsoft (then worth $230 billion). As of 2018, Facebook is worth over $500 billion.
Lanman began angel investing in 2010, with his first investment being Square, Inc. He and his investment partner Hank Vigil, senior vice president of strategy and partnerships of Microsoft Corp, subsequently invested in the seed rounds of notable companies such as Pinterest, Wish, Flexe, EasyPost, inDinero, Cargomatic, Everlane and many other startups.
From Wikipedia (CC BY-SA 4.0).