10 Things You Didn’t Know About Klaus Hommels

Klaus Hommels

Klaus Hommels is the current CEO of the Zurich based Lakestar capital fund. The company maintains its focus on early and growth-stage investments. He has emerged s a successful venture capitalist, but how did he do it? Hommels has a fascinating life story. Hommels sets a strong example for up and coming entrepreneurs for how to become successful in the financial arena of business. Here are ten things about Klaus Hommels that you probably didn’t know that you might find inspiring.

1. Klaus Hommels built a strong educational foundation

Hommels started his career in finance out by establishing a firm knowledge base. Business Insider revealed that he attended the University of Fribourg in Switzerland, where he earned his Master’s degree in Business Administration. He continued his education and earned a Ph.D. in business from the same institution. Klaus understood the value of a broad educational base to learn the principles of business and finance, along with useful theories that helped him to understand how the associated systems and stakeholders operate in a typical scenario. The principles that he learned are those that he would apply to become successful in his career choice.

2. Hommels gained experience working for others

Before Klaus Hommels launched his own business, he worked for other companies to gain hands-on experience working in the financial industry. There was a lot to learn. His work experience helped to give him practical knowledge about how to apply the principles he learned in the classroom. Business Insider reports that his first job was at Bertelsmann. Next, he joined Apax Partners early in his career. He also became a partner of Benchmark Capital before starting Lakestar.

3. He was on the board of AOL

In 1995, Klaus Hommels became a member of the board at AOL Germany. His responsibilities included overseeing and advising on business development as well as content, advertising, and sales. Hommels remained actively involved in building the infrastructure at AOL Germany during the 1990s.

4. He also served as a Managing Director

While Klaus was at AOL Germany, in addition to serving as a board member, his official title was managing director. According to Wikipedia, he was also an employee of the company. This job gave him hands-on experience in the day to day operations of the internet giant. The work at AOL Germany didn’t relate to private equity operations, but it did help him to grow as a leader in the middle management of a company.

5. Klaus knew when to move on

Hommels stayed at AOL Germany for four years as a managing director. In 1999, he moved on to take an opportunity to diversify his experience. He joined Apax Partners, where he served as a director at the Munich-based private equity firm. This work was much different than his previous job at AOL. He gained exposure to the private equity industry, which would become a passion in the near future.

6. Hommels merged his experience to carve a career niche

Klaus gained experience in the operations of internet-based companies at AOL. He acquired a working knowledge of how they worked. His time there inspired his notion that investments in internet companies could be profitable. His time at Apax Partners exposed him to investment strategies. He combined the experience and knowledge that he gained from both sectors to develop the idea of starting his own venture capital company, according to Wikipedia.

7. He began investing in the tech industry

Before launching Lakestar, Klaus Hommels got his feet wet in the investment industry as a private investor. He put his money into technology startups when the dotcom bubble was at its peak. His strategy included investing in early-stage companies that offered a high potential for success. He spent six years of his career as a private investor in these ventures before accepting a job at Benchmark Capital in London as a venture partner. This move was one more step forward in preparation for establishing his own business.

8. He was an early investor in Spotify

Hommels had a knack for knowing which companies had the best potential to give him a decent return on investment. Spotify was one of the early-stage investments he made. It paid off when the company ended up with a high valuation in the tens of millions of British Pounds. This single career move was just one of the wise investments that Hommels made. He was also associated with Skype, Airbnb, Facebook, and others.

9. Hommels made a fortune as an entrepreneur

Klaus Hommels had done very well for himself before he founded Lakestar. This fund only served to add icing on the cake, so to speak, of a highly successful career. According to Forbes, Hommels founded Lakestar and served as managing partner for the fund. The equity firm was based in Zurich, Switzerland, but expanded its services to include offices in Berlin, Germany, New York, USA, Hong Kong, China, and in London, UK. The company focused on providing angel investments for early-stage tech startups throughout the world. The fund closed in February of 2020, with a valuation of $734 million.

10. Klaus Hommels is recognized on several Forbes’ lists

A mark of success is making it to the prestigious Forbes’ lists. Hommels emerged as number 63 on the Midas List of Top Tech Investors for 2020. This recognition was his second consecutive year on the list as he occupied the number 5 position for 2019 on the same list. The entrepreneur and investor is age 53 as of 2020. He currently lives in Zurich, Switzerland, although his country of citizenship in Germany. His most notable deal was the Airbnb investment because the company has plans to go public. Hommels made time to have a personal life while building his highly successful career. In addition to making a fortune in private equity investments and venture capital, he also established a family. He is married. He and his wife are parents of four children.

Add Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

20 Things You Didn’t Know About Ethos
Avneesh Agawral
10 Things You Didn’t Know About Avneesh Agrawal
20 Things You Didn’t Know about Flipkart
Spencer Kimball
10 Things You Didn’t Know about Spencer Kimball
Credit Card
10 Reasons We Like The Divvy Business Credit Card
Tesla
The Top Five Stock Picks Targeted at Climate Change
Credit Card
The 20 Best Travel Credit Cards of 2021
Wine
20 Things You Didn’t Know About Vinovest
Flea market
10 Reasons to Visit the Kane County Flea Market
Los Angeles
The 20 Best Day Trips from Las Vegas
Indiana
The 10 Best State Parks in Indiana
flea market
10 Reasons to Check Out The Mile High Flea Market
What is an Interference Engine and What is it Used For?
Volkswagen Passat…Chattanooga, Tennessee
Why Volkswagen Stopped Producing the Passat in the U.S
A Closer Look at Aston Martin’s Valhalla Supercar
Does Peugeot Still Make the 308?
A Closer Look at the Creux Automatiq Ghost V3 Mono
Seven Fridays
A Closer Look at the SevenFriday’s P1C/04 Caipi Watch
Doxa Sub 200 Whitepearl
A Closer Look at the The Doxa Sub 200 Whitepearl
Montblanc Summit
A Closer Look at the Montblanc Summit Lite Smrt
How Cote De Pablo Achieved a Net Worth of $6 Million
How Upchurch Achieved a Net Worth of $4 Million
Charlene de Carvalho-Heineken
The 10 Richest People in The Netherlands
How Kelly Osbourne Achieved a Net Worth of $20 Million