A.J. Steigman

A.J. Steigman
Born (1985-06-23) June 23, 1985
Orlando, FL
Alma mater Emory University Goizueta Business School
Occupation Investment Banker & Entrepreneur
Organization Soletron
Title Founder & CEO

Allen "A.J." Steigman (born June 23, 1985) is an American entrepreneur, chess player, and former investment banker. Steigman is currently CEO of Soletron.com.

Biography

Steigman was born in Orlando, Florida but grew up in Coral Springs, Florida. Steigman, a childhood prodigy, was an international chess champion, and one of the best chess players in the United States.[1] He attended University School of Nova Southeastern University for high school.[1] In high school, Steigman contracted Lyme Disease and almost died. He had to take a year off from school. He credits chess in helping his mind recover from the disease.[1] Steigman went on to win in the 2002 US Junior Open one year after being diagnosed.[2]

Steigman attended Emory University’s Goizueta Business School. He was awarded the Goodrich C. White academic scholarship and was involved in student government as well as the development of Emory’s award-winning chess program.[3] He was known for playing simultaneous exhibitions involving as many as 40 individuals.[4]

Steigman has been an advocate of chess. He was a donor to the World Chess Hall of Fame and Sidney Samole Museum in Miami, Florida.[5] He was also involved in a community service program where he played inmates in high security prisons.[6]

Chess career

A.J. Steigman learned chess at the age of 4, and played in his first tournament at age 5. He was coached by Bill Cornwall, a nationally-known chess teacher and award-winning columnist.[7] Steigman has numerous chess accomplishments such as: being ranked #1 in the U.S. for his age group for 8 years in a row (1993–2001), being awarded the title of Chess Master at age 13 (the same age as when Bobby Fischer became a master),[8] being the first Floridian ever to make the All-America Chess Team of which he was a member for 8 years.[8][9] Steigman was one of the best professional Quickchess players in the United States for years.[10]Steigman won the 2002 U.S. Junior Open Championship and turned down a full scholarship to The University of Texas to attend Emory University.[11]

Steigman was selected by the United States Chess Federation to represent the U.S. in international competitions. He represented the U.S. in the World Youth Championships in Sao Lourenco, Brazil (1995); Cannes, France (1997); and Oropesa del Mar, Spain (1999).[9][12][13][14] Steigman's highest international performance was tying for 12th in the world in Cannes, France. He and Irina Krush of New York were the highest-scoring members of the 11-person U.S. team.[15] Several years later, he traveled to the Pan-American Championships in Argentina (2001).[15] Steigman, though currently inactive, is ranked in the top 1% of all chess players in the U.S.[16]

Career

After college, Steigman became an investment banker for Merrill Lynch in New York City before deciding to become an entrepreneur.[17] He opened up one of the top Nike Tier 0 accounts in the country at the Hard Rock Casino.[18] Steigman came up with the concept for Soletron when he realized that accessory designers attempting to match out exclusive sneakers had difficulty in getting distribution in brick and mortar stores due to the retailers' limited square footage. He created the business plan and brought in his partner Shane Robinson. They co-founded Soletron at the end of 2010.[19]

Soletron is a social networking and ecommerce platform in lifestyle retail verticals. The Soletron platform is designed to facilitate the interaction between consumers and independent brands. They cater mainly to sneakerheads and streetwear consumers.[18]

Investors of Soletron include New York Angels, Easton Capital, and super angel Jim Estill of Canrock Ventures.[20][21] Soletron is in the top 99.7% of all sites worldwide on internet traffic.[19] Advisors consist of: Bruce Chizen (Former CEO of Adobe Systems), Santonio Holmes (Super Bowl MVP and current member of the New York Jets),Tom Austin (Founder of AND1), John Friedman (Founder of Easton Capital), Bob Rice (Founder of Tangent Capital and Bloomberg Contributor).[20]

In July, 2012, Steigman challenged Billionaire Peter Thiel to a $1mm chess match for an investment in Soletron. Steigman wanted to convey to fellow entrepreneurs to look for unconventional fundraising tactics in tough economic climates.[22][23] Steigman proposed that if he won, Thiel would invest in Soletron's Series A financing, while if he lost, then Thiel would win a stake in Soletron.[24] Steigman wished that all sponsorship capital raised for the match, would go to charities highlighting chess & entrepreneurship.[25] Both Thiel and Steigman are lifetime chess masters.[26][27] The proposed event by Steigman received international syndication.[28][29][30][31][32]

Soletron was acquired in July 2014, by its industry leader and the world's largest global streetwear retailer Karmaloop, for an undisclosed amount.[33][34][35][36][37]

Press and media

Steigman has been featured in Forbes,[38] Bloomberg TV,[18] Huffington Post,[17] Reuters,[20] CNBC,[39] Sun Sentinel,[1][7][9][11][15][40][41][42][43][44][45][46][47] NBC,[6] USA Today,[48] LA Times,[14] Orlando Sentinel,[12] Miami Herald,[22][49] Business Insider,[19][24][50][51][52] NewsWorks[53] VentureBeat,[25] ABC Spain,[28] The United States Chess Federation,[54] ChessBase,[55] and Chess Life Magazine.

Steigman is a frequent writer for the Huffington Post's Business & Entrepreneurship sections.[56]

Awards

Steigman has been honored by the mayor of Coral Springs, Florida twice. He received the key to the City of Parkland, and a day was named in his honor. He received the Governor’s seal in 2003 and was honored by Gov. Jeb Bush.

References

  1. 1 2 3 4 "All the Right Moves". Sun Sentinel.
  2. ↑ "The 2002 US Junior Open". dallaschess.com.
  3. ↑ "Freshmen elected to SGA, Council; 7 reps chosen from 19 candidates". Emory Bubble.
  4. ↑ "Chess team ranked 12th in hemisphere". Emory Wheel.
  5. ↑ "Past Brick Donors". World Chess Hall of Fame.
  6. 1 2 "True Chess Match: Prisoners vs. Students". NBC Sports.
  7. 1 2 "5-Year Old's Playtime Begins on Chessboard". Sun Sentinel.
  8. 1 2 "The Master". Emory Wheel.
  9. 1 2 3 "Young Master's Gambit". Sun Sentinel.
  10. ↑ "The United States Chess Federation". www.uschess.org. Retrieved 2016-08-01.
  11. 1 2 "Three South Floridians Claim Tourney Wins". Sun Sentinel.
  12. 1 2 "Chess Prodigy Awaits Big Move". Orlando Sentinel.
  13. ↑ "Nova Southeastern University NSU Academic Highlights - May 19, 2000" (PDF). Nova.edu.
  14. 1 2 Peters, Jack (1995-11-05). "Chess: International News". Los Angeles Times.
  15. 1 2 3 "South Floridians in Youth Championship". Sun Sentinel.
  16. ↑ "USCF Ratings Distribution Charts". US Chess Federation.
  17. 1 2 Hindman, Nate C. (2012-01-13). "Wall Street Bankers Quitting to Start their Own Business". Huffington Post.
  18. 1 2 3 "Soletron Ceo on Sneakerhead Trading Platform". Bloomberg TV.
  19. 1 2 3 "How These Former Merril Lynch Bankers Got Some Big Investors For Their Startup". Business Insider. Archived from the original on 2012-02-10.
  20. 1 2 3 "Soletron targets $60 billion streetwear market". Reuters. 2011-12-23.
  21. ↑ "Canrock Ventures". Canrock Ventures.
  22. 1 2 "South Florida entrepreneur challenges PayPal co-founder Peter Thiel to million-dollar game of chess". Miami Herald.
  23. ↑ "Tech entrepreneur challenges PayPal cofounder to $1 million chess match, considers permanent move to Philly". Technically Philly.
  24. 1 2 "EXCLUSIVE: Entrepreneur Challenges Peter Thiel To Million Dollar Chess Game". Business Insider.
  25. 1 2 "Win a chess match, earn a $1,000,000 investment in your startup". VentureBeat.
  26. ↑ "Entrepreneur challenges Peter Thiel to $1M chess game". ChessVibes.
  27. ↑ "Paypal Co-founder Peter Thiel's $1 Million Chess Challenge". Chess.com.
  28. 1 2 "Un emprendedor apuesta un millón al ajedrez con el fundador de PayPal". ABC Spain.
  29. ↑ "Financer sa start-up en gagnant aux échecs contre Peter Thiel". Web & Tech.
  30. ↑ "赢了象棋大赛，就可获得100万美元投资！". Huanqiu Tech.
  31. ↑ "Новости из Нью-Йорка. Принесут ли шахматы 1 млн. Soletron?". b2bzona.
  32. ↑ "Una apuesta de un millón entre emprendedores". El Club De Los Baneados.
  33. ↑ "Karmaloop buys VC-backed Soletron". Reuters PE HUB.
  34. ↑ "E-retailer Karmaloop acquires blog and content publisher Soletron". Internet Retailer. Archived from the original on 2014-08-14.
  35. ↑ "Karmaloop, Inc., Acquires Soletron to Create Verge Culture Epicenter". PR Web.
  36. ↑ "Karmaloop buys Broward-based Soletron". Miami Herald.
  37. ↑ "Streetwear E-Retailer Karmaloop Acquires Content Publisher Soletron". BostInno.
  38. ↑ Caulfield, Brian (2012-08-02). "Sneaker Entrepreneur Challenges Facebook Backer Peter Thiel To Million-Dollar Chess Match". Forbes.
  39. ↑ "Soletron targets $60 billion streetwear market". CNBC.
  40. ↑ "Open Tourney Sends Many Home Winners". Sun Sentinel.
  41. ↑ "Young Florida Players Make National Lists". Sun Sentinel.
  42. ↑ "He's 6, And Already Tournament-tested". Sun Sentinel.
  43. ↑ "Teen Talents". Sun Sentinel.
  44. ↑ "Senior Master Dominates Championship". Sun Sentinel.
  45. ↑ "Springs Students Learn Smart Moves In Chess". Sun Sentinel.
  46. ↑ "Coral Springs Youth Rated No. 1 In U.s". Sun Sentinel.
  47. ↑ "South Florida Schools Win State Titles". Sun Sentinel.
  48. ↑ "College Chess Team Takes on Inmates". USA Today. 2005-05-01.
  49. ↑ "Chess Whiz, 10, is Brazil Bound". Miami Herald. 2012-07-27.
  50. ↑ "10 VCs and Founders Share Their Tips on how Startups Should be Fundraising". Business Insider.
  51. ↑ "This Comic Book Strip Shows Exactly What Startups Should Be Doing Right Now". Business Insider.
  52. ↑ "A Complete Guide What Not to do When Launching a Startup". Business Insider.
  53. ↑ "Tech entrepreneur challenges billionaire investor to million-dollar chess match". NewsWorks.
  54. ↑ "Young Entrepreneur Challenges PayPal Founder to Chess Match". USCF.
  55. ↑ "Win a chess match, earn a $1,000,000 for your startup". ChessBase.
  56. ↑ Steigman, A.J. "Quantum Chess: Where No Entrepreneur Has Gone Before". HuffingtonPost.com. Huffington Post. Retrieved 22 July 2016.
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