Patrick M. Byrne
CEO of Overstock.com
In 1999, Patrick Byrne launched Overstock.com in the earliest days of e-commerce. Today, Overstock is one of the oldest pure-play online retailers in operation, with revenues of nearly $2B annually. In 2014, Overstock became the first major online retailer to accept bitcoin for payments, and the company formed Medici Ventures, a wholly-owned blockchain-focused subsidiary. In 2015, Byrne used a blockchain-based trading platform built by Medici Ventures’ portfolio company tZERO to become the first person to purchase a digital bond on the blockchain. In 2016 Overstock.com, Inc. was the first public company to offer preferred shares of a cryptosecurity using tZERO’s blockchain-based, SEC compliant and FINRA-approved alternative trading system. Today, Overstock accepts dozens of top cryptocurrencies as payment on its retail website, and remains a leading force in advancing blockchain technology to democratize capital, eliminate middlemen, and re-humanize commerce through its Medici Ventures subsidiary.