In the 1980s he co-founded Museum Quality Framing Company, a large West Coast franchise. After earning a philosophy degree from the University of Washington, Hanauer began to work at family-owned Pacific Coast Feather Company, where he served as co-chair and CEO. In addition to his position at Pacific Coast Feather Company, Hanauer co-founded Museum Quality Framing Company in 1988, which has since grown to 60 stores and crafts custom frames for unframed art.Hanauer became a founding investor and board advisor for from 1995 to 2000. Here’s a New Blueprint. [37], TED reserves the right to post only the talks it considers to be most effective. Jobs are created by a feedback loop between customers and businesses that is set in motion by consumers increasing their demand. Hanauer was born to a secular Jewish family in New York City and raised in Bellevue, Washington. [38][39] The original presentation is available on YouTube.[40][35]. Nick Hanauer is one of the most successful entrepreneurs, investors, and managers in the Pacific Northwest with over 30 years of experience across a broad range of industries including manufacturing, retail, e-commerce, digital media and advertising, software, aerospace, health care, and finance. ", "Shared Security, Shared Growth (with David Rolf)", "Uber Drivers: You Bet They’re Employees (with David Rolf)", "New York should raise the minimum wage to $15 an hour", "Our Economy Needs More People Like Ahmed (with Zach Silk)", "Nick Hanauer and Eric Beinhocker: Capitalism Redefined (with Eric Beinhocker)", "Imagine America if Steve Jobs’ father was turned away because he was Syrian", "Schedule workers as you would have them schedule you", "Complexity Economics Shows Us Why Laissez-Faire Economics Always Fails (with Eric Liu)", "Traditional Economics Failed. It was posted on August 12, 2014. Initiative 594, which expanded state background check laws to all gun purchases. [42] His July, 2019, talk, "The dirty secret of capitalism— and a new way forward" is available on TED Talks' YouTube channel. [34][35], As justification for not posting the talk, Chris Anderson, curator of TED, stated that he felt Hanauer's talk was "explicitly partisan" and included a number of arguments such as his "apparent ruling out of entreprneurial [sic] initiative as a root cause of job creation." Moreover, he said, the live TED audience had given the talk mediocre reviews. His brother is Adrian Hanauer, majority owner of Seattle Sounders FC and a minority owner of the Seattle Kraken. [16] Initiative 1639, to implement restrictions on the purchase and ownership of firearms including raising the minimum age to purchase a gun to 21, adding background checks, increasing waiting periods, and enacting storage requirements. He became co-chairman of the Pacific Coast Feather Company in 1982, where he continues to serve. [23][24] In 2013, "as striking fast-food workers across the country began rallying around calls for $15 an hour, Hanauer and David Rolf, a labor leader, kicked off an organizing drive in the small airport community of SeaTac, Washington, that resulted in the country’s first law mandating a $15 minimum wage. [41] Anderson also posted an explanation for his decision and showed himself and Hanauer "burying the hatchet.". Businesses and the rich do not create jobs. Hanauer is active in the Seattle community and Washington's public education system. Hanauer appeared in the Robert Reich documentary Inequality for All. Thus, he proposed the necessity for higher median incomes for workers rather than tax breaks for the wealthy: If lower income tax rates for the wealthy really worked we would be drowning in jobs, and yet unemployment and underemployment is at record highs. He founded, which eventually merged with, and Avenue A Media which in 2007, under the new name aQuantive, was acquired by Microsoft for $6.4 billion. His main source of income is his career as an entrepreneur. in philosophy at the University of Washington in 1981. [18] Hanauer continues this theme in his podcast - 'Pitchfork Economics with Nick Hanauer' - in conjunction with The Young Turks network. [19][20][21], In 2015, Hanauer founded Civic Ventures and Civic Action, "a group of political troublemakers devoted to ideas, policies, and actions that catalyze significant social change. [29][30][31][32][33] In that short presentation, he criticized what he called "an article of faith for Republicans", namely the assertion that "if taxes on the rich go up, job creation will go down", saying: .mw-parser-output .templatequote{overflow:hidden;margin:1em 0;padding:0 40px}.mw-parser-output .templatequote .templatequotecite{line-height:1.5em;text-align:left;padding-left:1.6em;margin-top:0}. The organization has been the primary backer for several Ballot Initiatives in Washington State. ", "Howard Schultz: A Bad President Under Any Platform", "Donald Trump and the Republicans Want You to Work for Free", "Bosses like me have had the power to force employees to work overtime for free. Hanauer has founded, co-founded, or invested in dozens of companies., University of Washington College of Arts and Sciences alumni, Wikipedia articles with WORLDCATID identifiers, Creative Commons Attribution-ShareAlike License, This page was last edited on 26 November 2020, at 03:02. He is a successful business leader, entrepreneur, and venture capitalist with over 30 years of experience across a broad range of industries. In 1997, Hanauer founded th… It’s time to remind Americans overtime pay is a fundamental right. He is the founder of Civic Ventures, a public policy incubator in Seattle devoted to catalyzing significant social change, and the co-author of two bestselling books—. Memo: From Nick Hanauer To: My Fellow Zillionaires . For Nick Hanauer, the coronavirus crisis in the United States has only made what he’s long believed to be true that much more apparent. Nick Hanauer Net Worth. It's Shoddy And Dumb", "Nick Hanauer on His Banned TED Talk & Why the Middle Class are the Job Creators", Beware, fellow plutocrats, the pitchforks are coming. Nick Hanauer earned his B.A. After earning a philosophy degree from the University of Washington, Hanauer began to work at family-owned Pacific Coast Feather Company, where he served as co-chair and CEO. He co-founded the League of Education Voters (LEV), a non-partisan political organization dedicated to improving the quality of public education in Washington. Hanauer partially defended Anderson's decision in an interview with Sam Seder, saying he could understand that the position he himself offered in his talk might be controversial to the business community and that Anderson might have received disproportionate criticism for his decision to hold back the talk. Nick is the founder of Civic Ventures. [2], Hanauer was born to a secular Jewish family in New York City and raised in Bellevue, Washington. "[7] The company advises and funds early stage companies such as HouseValues,[8] Qliance,[9] and Newsvine. [6] He has managed, founded, or financed over 30 companies across a broad range of industries including manufacturing, retailing, e-commerce, digital media and advertising, software, aerospace, health care, and finance, including Insitu Group (purchased by Boeing for $400 million), and Market Leader (purchased by Trulia in 2013 for $350 million). In the 1995s Hanauer was an early investor in, where he served as an adviser until 2000. As of November 2020, Nick Hanauer has an estimated net worth of more than $1.5 billion. Nick Hanauer is a Seattle-based entrepreneur. How did Nick Hanauer get onto TED's home page?! [17], In June 2014, Hanauer wrote an op-ed for Politico magazine in which he foresaw pitchforks coming for his "fellow .01%ers" if they did not address the issue of increasing wealth inequality. In 2000, Hanauer co-formed the Seattle-based venture capital company, Second Avenue Partners which "looks to invest in promising teams and transformational ideas in a wide range of areas including internet, consumer and social media, software, and clean energy. [36] Huffington Post writer Jillian Berman expressed bewilderment since TED had previously issued talks by politicians such as former U.S. In the wake of the Sandy Hook shooting, Hanauer co-founded the Washington Alliance for Gun Responsibility, whose mission is to "put forward and support commonsense solutions to reduce gun violence." "The dirty secret of capitalism— and a new way forward", "Beware, fellow plutocrats, the pitchforks are coming", "The Dirty Secret of Capitalism – and a new way forward", "The Gardens of Democracy (with Eric Liu)", "Raise Taxes on Rich to Reward True Job Creators", "The “More What, Less How” Government (with Eric Liu)", "Rich Americans Aren’t the Real Job Creators", "The True Origins of Prosperity (with Eric Liu)", "The Capitalist’s Case for a $15 Minimum Wage", "‘Middle-Out’ Economics: Why The Right’s Supply-Side Dogma Is Wrong (with Eric Liu)", "Seattle’s on the vanguard of movement to raise minimum wage (with David Rolf)", "The Pitchforks Are Coming… For Us Plutocrats", "Capitalism Redefined (with Eric Beinhocker)", "How a $15 Minimum Wage Would Make Everyone Richer (with Eric Liu)", "Why capitalism has nothing to do with supply and demand", "Redefining Capitalism (with Eric Beinhocker)", "A Wealthy Capitalist on Why Money Doesn’t Trickle Down", "This is why the middle class can’t get ahead", "Give Americans the overtime pay they’ve earned", "Stock Buybacks Are Killing the American Economy", "The biggest scam bankrupting business and the middle class", "Is trickle-down economics science or scam?


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