7:20Wealthy Man Punches Kid In Face & Goes To Jail? Who Is Michael Loeb? | My First Million Podcast
From My First Million · Published Jul 5, 2020 · Watch on YouTube
TL;DR
Michael Loeb made his first fortune via Synapse Group (patented online subscription model, sold to Meredith), then co-founded Priceline. He later ran an incubator (Loeb & Loeb.NYC) that launched Script Relief (drug discount coupons, ~$100M annual profit, >5M users, sold to United Healthcare). He owns the house used as Bobby Axelrod’s in Billions.
Key insights
- Synapse Group patented a unique online subscription model before such methods were widespread; major publishers (e.g., Time Magazine, Meredith) paid them to acquire and renew subscriptions, effectivel
- Loeb co-founded Priceline with his Synapse co‑founder; Priceline later became part of Booking Holdings.
- After Priceline, Loeb and his partners operated a “rich entrepreneurs’ playground” incubator (Loeb & Loeb.NYC) that launched multiple companies, including Script Relief (later renamed and sold to Unit
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