About Fred Schaufeld

Fredrick D. Schaufeld is an entrepreneur, venture capital investor, sports team owner, philanthropist and patent holder. He is also co-founder and Managing Director of SWaN & Legend Venture Partners.

Mr. Schaufeld started NEW Customer Service Companies in 1983 with a $79 investment and grew it into the nation's leading independent provider of extended service contracts, buyer protection services and product support for retailers, home service providers and manufacturers. Asurion bought NEW in 2008. The combined company – NEW Asurion – is now the world's largest consumer product protection company and Mr. Schaufeld serves on its board. He also founded the Service Contract Industry Council (SCIC) in 1988, a national Extended warranty trade association that works with lawmakers across the country to develop fair and uniform regulation to protect consumers.

Along with Anthony Nader and Cliff White, Mr. Schaufeld co-founded SWaN Investors in 2006. After merging with Legend Venture Partners in 2012, SWaN morphed into SWaN & Legend Venture Partners. Schaufeld is one of five managing directors of SWaN & Legend, a multi-stage venture capital firm that invests in high-growth, high-quality companies and the entrepreneurs behind them. Collectively, they have raised more than $5 billion of institutional financing and participated in 150+ private investments. A few of the companies in which the firm has invested are Anonymous Content, Custom Ink, KIND Healthy Snacks, Optoro, Quad Learning, Social Radar, José Andrés Think Food Group, Framebridge and UrbanStems.

Mr. Schaufeld is also a partner in Monumental Sports & Entertainment and part owner of the National Hockey League's Washington Capitals, the National Basketball Association's Washington Wizards, the Women's National Basketball Association's Washington Mystics and the Capital One Arena in Washington, D.C. He also is a partner in the Major League Baseball Association's Washington Nationals organization.

He is a recipient of Ernst & Young’s “Entrepreneur of the Year” Award. 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. He is also a recipient of the Loudoun Laurels award and the Loudoun County Boy Scouts’ Good Scout award.

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 Foundation and sits on the board of the Wolf Trap Foundation. 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, Leesburg, VA; the Fredrick D. Schaufeld Scholarship program in Westbury, NY; Lehigh University’s Karen Shihadeh Schaufeld and Fredrick D. Schaufeld Endowed Scholarship Fund and the 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.