Fredrick D. Schaufeld (born September 23, 1959) is an

entrepreneur Entrepreneurship is the creation or extraction of economic value. With this definition, entrepreneurship is viewed as change, generally entailing risk beyond what is normally encountered in starting a business, which may include other values th ...

, venture capital investor, sports team owner, philanthropist and patent holder. Mr. Schaufeld is a co-Founder and Managing Director of SWaN & Legend Venture Partners (SWaN). He is a Partner in Monumental Sports and Entertainment, which owns the

Washington Capitals The Washington Capitals (colloquially known as the Caps) are a professional ice hockey team based in Washington, D.C. The team competes in the National Hockey League (NHL) as a member of the Metropolitan Division in the Eastern Conference (NHL) ...

(NHL),

Washington Wizards The Washington Wizards are an American professional basketball team based in Washington, D.C. The Wizards compete in the National Basketball Association (NBA) as a member of the league's Eastern Conference (NBA), Eastern Conference Southeast D ...

(NBA),

Washington Mystics The Washington Mystics are an American professional basketball team based in Washington, D.C. The Mystics compete in the Women's National Basketball Association (WNBA) as a member club of the league's Eastern Conference. The team was founded pri ...

(WNBA),

Capital City Go-Go The Capital City Go-Go is an American professional basketball team in the NBA G League based in Washington, D.C., and are affiliated with the Washington Wizards. The Go-Go play their home games at the St. Elizabeths East Entertainment and Sports ...

(NBA-G) and the Capital One Arena. He is a Partner in the

Washington Nationals The Washington Nationals are an American professional baseball team based in Washington, D.C.. They compete in Major League Baseball (MLB) as a member of the National League (NL) East division. From 2005 to 2007, the team played in RFK Stadiu ...

(MLB),

Team Liquid Team Liquid is a multi-regional professional esports organization based in the Netherlands that was founded in 2000. With the release of '' StarCraft II: Wings of Liberty'', Team Liquid signed their first professional players. In 2012, Team Liq ...

(e-Sports), the

Professional Fighters League The Professional Fighters League (PFL) is an American mixed martial arts league founded by venture capitalist Donn Davis in 2017 and launched in 2018, following the acquisition and restructuring of the former World Series of Fighting (WSOF) promot ...

(PFL) and the Hill Top House Hotel, Harpers Ferry. Mr. Schaufeld also owns American Bike Ride, parent of the DC Bike Ride. Prior to SWaN, Mr. Schaufeld founded and led National Electronics Warranty Corporation (NEW), which was acquired by

Asurion Asurion, LLC is a privately held company based in Nashville, Tennessee, that provides insurance for smartphones, tablets, consumer electronics, appliances, satellite receivers and jewelry. In 2014, the company operated in 14 countries and had 4 ...

in 2008 (now NEWAsurion). NEWAsurion is the world’s largest consumer product protection company, employing over 20,000 people worldwide. During his tenure, NEW was recognized by Inc. Magazine in its “Inc. 500” list of the fastest growing private companies in America. Mr. Schaufeld is the patent holder of the Rigid Insurance Form and a Founder and former President of the Service Contract Industry Council (SCIC), a national

Extended warranty An extended warranty, sometimes called a service agreement, a service contract, or a maintenance agreement, is a prolonged warranty offered to consumers in addition to the standard warranty on new items. The extended warranty may be offered by the ...

trade association that works with lawmakers across the country to develop fair and uniform regulation to protect consumers. Mr. Schaufeld currently sits on the boards of Sugar23, Noodle Partners, Custom Ink, DuraStat,

José Andrés José Ramón Andrés Puerta (born 13 July 1969) is a Spanish chef, and founder of World Central Kitchen (WCK), a non-profit devoted to providing meals in the wake of natural disasters. A Spanish-born and raised cook, he is often credited with br ...

ThinkFood Group, Mindshow, PFL, M34 Capital, Curator Solutions, Georgiammune and

Telos Telos (; ) is a term used by philosopher Aristotle to refer to the final cause of a natural organ or entity, or of a work of human art. Intentional actualization of potential or inherent purpose,"Telos.''Philosophy Terms'' Retrieved 3 May 2020. ...

(Nasdaq: TLS). He is an advisor to the boards of Cava, ClassEDU, Growcentia and Biothred. He previously sat on the boards of American Honors College, Anonymous Content,

, Bio-Warn, Framebridge, KIND Healthy Snacks, NEW, OrderGroove and SocialRadar. In 1996, Schaufeld and his partner, Tony Nader, presented the financially troubled Best Buy Corporation (NYSE: BBY) with their concept: “Making Best Buy Even Better,” suggesting comprehensive consumer extended warranties could be sold without pressure or sales commissions at significantly lower prices than offered by BBY’s main competitor, Circuit City. The adoption of the controversial program led BBY to become the single biggest NYSE large cap turnaround/growth stock as of that time.

SWaN & Legend

Along with Anthony Nader and Cliff White, he co-founded SWaN Investors in 2006. Mr. Schaufeld is one of five managing directors of SWaN & Legend, a multi-stage venture capital firm that invests in high-growth, high-quality organizations and the entrepreneurs behind them. A few of the companies in which the firm has invested include Anonymous Content, Sugar23, Custom Ink, KIND Healthy Snacks,

Optoro Optoro is a reverse logistics technology company that works with retailers and manufacturers to manage and then resell their returned and excess merchandise. These products, which range from consumer electronics to home goods to clothing, are autom ...

, Quad Learning, Inc.,

Think Food Group, Framebridge and UrbanStems.

Personal

Mr. Schaufeld is a recipient of

Ernst & Young Entrepreneur of the Year Award The EY Entrepreneur of the Year Awards previously Ernst & Young Entrepreneur of the Year Awards is an award sponsored by Ernst & Young in recognition of entrepreneurship. Founded in 1986 in Milwaukee as a single award, as of 2016 twenty-five pro ...

. He is a member of the Economic Club of Washington, DC, the Young Presidents’ Organization (YPO) and its Peace Action Network Arab American Action Forum. Mr. Schaufeld has been quoted extensively in numerous publications and has appeared on CNN and NPR. Mr. Schaufeld and his wife, Karen, live in Virginia and are active in organizations dedicated to education, health, environment, peace, inter-faith tolerance, military support and the arts. He is the chairman of the

Inova Health System Inova Health System (stylized INOVA) is a not-for-profit health organization based in Falls Church, Virginia, near Washington, D.C. The system is a network of hospitals, outpatient services, assisted living and long-term care facilities, and h ...

Foundation and sits on the board of the Wolf Trap Foundation for the Performing Arts. He is a member of Venture Philanthropy Partners and a supporter of the Schaufeld Family Heart Center of the Inova Loudoun Hospital; the Schaufeld Program for Prostate Cancer in Black Men of the Johns Hopkins University Hospital; the Fredrick D. and Karen G. Schaufeld Lower School of

Loudoun Country Day School Loudoun Country Day School (LCDS) is an accredited, independent, coeducational pre-school through eighth-grade school located in Leesburg, Virginia. History The school was founded in 1953 by Mrs. William J. McDonald and Mrs. J. Churchill Newcomb ...

, Leesburg, VA; the Fredrick D. Schaufeld Scholarship program, Westbury, NY;

Lehigh University Lehigh University (LU) is a private research university in Bethlehem, Pennsylvania in the Lehigh Valley region of eastern Pennsylvania. The university was established in 1865 by businessman Asa Packer and was originally affiliated with the Epis ...

’s Karen Shihadeh Schaufeld and Fredrick D. Schaufeld Endowed Scholarship Fund and Joachim Schaufeld Center for Jewish Life; the Emil and Grace Shihadeh Innovation Center, Winchester, VA; All Ages Read Together; 100 Women Strong; and the

OneVoice Movement The OneVoice Movement, founded in 2002, is a global initiative that supports grassroots activists in Israel, Palestine, and internationally who are working to build the human infrastructure needed to create the necessary conditions for a just an ...

. He is a recipient of the Loudoun Laurels award and the Loudoun County Boy Scouts’ Good Scout award.

Honors and awards

*Loudoun Laurels Honoree, 2018 *

, 1999 *Insurance Form Packet

Patent A patent is a type of intellectual property that gives its owner the legal right to exclude others from making, using, or selling an invention for a limited period of time in exchange for publishing an enabling disclosure of the invention."A p ...

#4,874,187, October 1989

Organizations

* Economic Club of Washington, DC * World Presidents’ Organization

Philanthropy

* Fight for Children, board member * One Voice Movement, advisory board member * Venture Philanthropy Partners, member * Schaufeld Family Heart Center of the Inova Loudoun Hospital * Fredrick D. and Karen G. Schaufeld Family Foundation * Fredrick D. and Karen G. Schaufeld Lower School of Loudoun Country Day School, Leesburg, VA
United Way Fredrick D. Schaufeld Scholarship Program
Westbury, NY

Current board membership

* Sugar23 * Noodle Partners * Custom Ink * DuraStat *

Think Food Group * Mindshow * PFL * M34 Capital * Curator Solutions * GeorgiaImmune *

* Biothred * Cava (advisor) * ClassEDU (advisor) * Growcentia

Previous board membership

* American Honors College * Anonymous Content *

* Bio-Warn * Framebridge * NEWAsurion * SocialRadar

Education

Mr. Schaufeld earned his BA in Government from

References

{{DEFAULTSORT:Schaufeld, Fredrick D. American businesspeople Living people 1959 births