Michael Christian Arrieta
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| Michael Christian Arrieta | |
|---|---|
 | |
| Born | Miami, Florida, United States |
| 🎓 Alma mater | University of Alabama |
| 💼 Occupation | |
Michael C. Arrieta is a private equity investor, venture capitalist, and technology entrepreneur. He is the Founder & CEO of Garden City Companies, Founder of MAV Ventures, Co-Founder and Board of Directors at New Story Charity.[1][2] Michael was an early employee at DocuSign until their IPO in 2017 and a leader at Wyse Technology, prior to their sale to Dell in 2012.[3]
Personal Life[edit]
Michael was born in Miami, Florida. He is the first of his family to be born in the domestic United States as his parents and siblings were all born in Puerto Rico. Michael had a severe speech impediment until the age of 11, when he received the McKay Scholarship Program, which allowed him to receive proper skills to overcome the disability.[4] Due to his father’s health conditions and financial circumstances, Michael began selling Cutco knives at the age of 17. In his first year of employment, he became the company’s top salesperson. After graduation, Michael continued to sell Cutco to help pay his way through college and graduate debt-free. He is still recognized as a record holder and Silver Cup Champion (to personally sell over $1M) in Cutco’s 70-year history.[5] Michael graduated with a Bachelor of Science in Business Management from the University of Alabama in 2011. Michael and his family reside in Atlanta, Georgia.
Career[edit]
Michael was introduced to entrepreneurship at a young age when a friend introduced him to the cutlery and kitchen accessory retailer, Cutco. Cutco salespeople market to their customers through in-home demonstrations. Michael was highly intrigued that he could control his income based on sales performance and not by the hours put into the work. While still in high school, he woke up before school to make cold calls, worked throughout the lunch period, and had sales presentations until late in the night. He quickly became one of Cutco’s top producers and remains one of the highest-grossing producers in the company’s history.
In 2011, Michael started as a Sales Manager at Wyse Technology to significantly extend its desktop virtualization offerings. Following the acquisition of Wyse by Dell in 2012, Michael served as the Chief of Staff at Dell at the age of 24. In 2013, Dell generously put Michael through the MIT Collaborative Initiatives. This executive leadership cohort focused on creating collaborative solutions to address today’s major societal issues.
In 2014, Michael joined technology startup DocuSign, where he was hired as the Chief of Staff to the Chairman & CEO, Keith Krach. His responsibilities included international expansion, strategic equity fundraising, and forming the enterprise business organization.[6] In 2017, Michael served as the Global Vice President and General Manager of the Enterprise business. DocuSign ultimately achieved a $50B market cap. DocuSign now has over 5,000 employees and is the global leader of electronic signature and digital transaction management.
Also, in 2014, Michael, along with Brett Hagler, Alexandria Lafci, Matthew Marshall, founded New Story, a non-profit organization that provides homes to people living in inadequate shelters. The charitable organization has helped fund community projects in four countries, built over 2,200+ homes, and changed the lives of over 11,000 people. New Story is also known for creating the world’s first 3D printed home.[7] In 2016, Michael was recognized by Forbes's “30 under 30” for his social impact stemming from his work with New Story.[8] Michael now serves on the Board of Directors for New Story.
In 2016, Michael founded MAV Ventures, a purpose-driven venture capital firm that seeks to invest in hyper-growth companies committed to advancing their industries and, ultimately, the world. They have now invested in over 100 companies, which include: Impossible Foods, Salesloft, Blue Bottle Coffee, Tonal, Lime, Extend, KeepTruckin, Pray.com, Unit.co, Bolt Insurance, CargoX, and Babylist.
In 2020, Michael founded Garden City Companies, a purpose-driven holding company that acquires and permanently holds small to mid-sized family-owned companies. Their goal is to build a family of the most caring companies where all workers thrive. In each company, they seek to grow through culture, technology, and strategic sales relationships while honoring the founders' legacy by protecting the company culture for the decades to come. Their debut fund was $51M of permanent equity, including investors and advisors, such as Keith Krach, Pat Gelsinger, Maggie Wilderotter, Tim Tebow, Drew Brees, Governor Jeb Bush, and Dennis Muilenburg.[9]
Michael was previously an advisor to SalesLoft, the #1 sales engagement platform in the world, until their $2B acquisition by Vista Equity Partners.[10][11]
References[edit]
- ↑ Ehlinger, Maija (2021-10-05). "New Atlanta PE Firm Puts Focus On Service Company Innovation". Hypepotamus. Retrieved 2022-02-16.
- ↑ "MAV Ventures - We believe tech is a force multiplier for good". MAV Ventures. Retrieved 2022-02-16.
- ↑ Krach, Keith. "5 Secrets to Getting a Mentor Relationship Right". Forbes. Retrieved 2022-02-16.
- ↑ Solodev (2020-10-16). "McKay Scholarship". www.fldoe.org. Retrieved 2022-02-16.
- ↑ Marketing, Vector (2015-09-15). "Bringing Help to Haiti: Vector Marketing Sales Record Holder Michael Arrieta". GlobeNewswire News Room. Retrieved 2022-02-23.
- ↑ Dwoskin, Elizabeth (2016-06-25). "Meet the new chief of staff — to tech's biggest power players". Washington Post. ISSN 0190-8286. Retrieved 2022-02-16.
- ↑ CNN, Christina Zdanowicz. "The world's first 3D-printed neighborhood is being built in Mexico for families living on $3 a day". CNN. Retrieved 2022-02-23.
- ↑ "Forbes 30 Under 30: Social Entrepreneurs". Moderne Ventures. Retrieved 2022-02-16.
- ↑ "Garden City Companies Makes a Splash with Acquisition of South Florida-based Essig Pools, the First of Many Planned in Florida". www.businesswire.com. 2021-12-09. Retrieved 2022-02-16.
- ↑ "G2 Ranks SalesLoft as #1 Enterprise Sales Engagement Platform". PRWeb. Retrieved 2022-02-16.
- ↑ "Vista Acquires Salesloft At A $2.3B Valuation — A 23x Price/Revenue Valuation Multiple". CB Insights Research. 2022-01-03. Retrieved 2022-02-23.
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