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CONTACT INFORMATION

Lou Kerner
Founder, Partner

ADDRESS

340 Madison Ave.
New York, 10001
United States
Website
Practice Areas
Languages spoken

ASSOCIADED WITH

Second Shares
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Lou Kerner

Second Shares is a social media company that provides news, commentary, and Wall Street style analysis on the companies driving the social media revolution.

BIO

Lou recently returned to angel investing in private social media companies like Facebook and Klout.  He also recently returned to SecondShares.com, his blog that provides news, commentary and Wall Street style research on social media companies.  It was on SecondShares, in March of 2010, that Lou published his original report on Facebook.  The report, which predicted that the value of Facebook (then $18 billion) would rise to $100 billion over the following four years, vaulted Lou in to the spotlight, and lead to his return to Wall Street.

Lou spent most of 2010-2011 as the Founder and Managing Director of the Private Shares Group at Wedbush Securities, where he was Wall Street’s leading Social Media Analyst.  Lou not only wrote about social media, he was the first Wall Street analyst to live it, growing his Twitter following past 15,000, and posting his research on SlideShare.net where pieces often generated over 10,000 views.  Lou became a regular on CNBC and BloombergTV, and was regularly quoted in the WSJ, NY Times and dozens of other business publications around the world.

From 2007-2009, Lou founded and ran WildSites, a domain name aggregator, that acquired more than 30,000 domain names, including CreditCheck.com for $3 million, which remains the 11th most expensive public market acquisition in industry history.  WildSites continues to monetize its portfolio of unsold domain names, generating significant returns for its investors.

From 2003-2006 Mr. Kerner was President/Owner of Bolt.com, a leading social network which grew from 500,000 monthly uniques to over 20 million uniques in three years.    At  Bolt, Lou acquired eight smaller youth sites, but his attempt to acquire the small but rapidly growing, Thefacebook, was rebuffed.

Prior to Bolt, Mr. Kerner was the CEO of The .tv Corporation, an idealab! company which licensed the top level domain (.tv) from the tiny island nation of Tuvalu.  From 2000-2002, .tv grew to over 100 employees in Los Angeles, London and Hong Kong, and over $20 million in annual revenue, before being acquired by Verisign (Nasdaq:VRSN).

Prior to .tv, Lou had a distinguished career as an equity analyst following media companies for Goldman Sachs and Merrill Lynch.

Privately Held; 1-10 employees; Internet industry

March 2010Present (2 years 2 months)

We're a social media company that provides news, commentary, and Wall Street style research on the companies driving the social media revolution.

February 2010Present (2 years 3 months) New York

The fund invests in the primary and secondary shares of rapidly growing social and mobile companies with great CEOs. Our sweet spot is $25mm-$250mm market cap companies with a lot of runway in front of them.

2010January 2012 (2 years)

I oversaw a new group at Wedbush that provided research, trading and investment banking services of the private companies leading the social media and mobile and revolutions.

2007June 2010 (3 years)

We own a portfolio of over 30,000 domain names (e.g. www.govermentjobs.com) largely monetized thru Google Adsense.

Privately Held; 11-50 employees; Online Media industry

August 2003October 2006 (3 years 3 months)

Helped grow the company's reach from 500,000 kids to over 20mm, and concluded eight acquisitions.

Lou has 2 recommendations (1 report, 1 co-worker) including:

  • 3rd Kit C.
  • 3rd Jay G., Vice President Operations, Bolt Media

January 2000February 2002 (2 years 2 months)

Grew the company to over $20mm in revenue in its second year, with offices in Los Angeles, Hong Kong and London. We were acquired in a nice win by Verisign.

Lou has 1 recommendation (1 co-worker) including:

  • 2nd David Sams, Founder and CEO, David Sams Industries, Inc.

Public Company; 10,001+ employees; GS; Investment Banking industry

June 1996January 2000 (3 years 8 months)

I was a senior analyst following the cable and satellite, both domestic and international.

Privately Held; 5001-10,000 employees; Management Consulting industry

19841986 (2 years)