That’s why, in 2020, he turned down an offer of $50 million for his digital marketing agency. In fact, rather than taking a mind-boggling profit, he has pledged that Seer will invest at least $15 million in needy Philadelphia communities by 2032.
Reynolds will bring his story of inspirational entrepreneurship to Neumann University’s Meagher Theatre on Thursday, November 9, at 1 PM when he delivers the eighth Rocco F. and Mary A. Abessinio Lecture in Management and Entrepreneurship. The program is free and open to the public. Registration is required.
“It was very simple,” Reynolds told The Philadelphia Citizen in 2021. “The things that I would start to do with that money I found grotesque and overly indulgent and not aligned with my values. I’m not going to level my lifestyle up. I’m good where I’m at.”
Where he’s at is already wealthy. He started Seer Interactive in 2002 as a one-man operation out of his living room. Today, the Philadelphia-based firm is home to over 250 team members and has offices in San Diego.
He’s just committed to capitalism with compassion.
Working for a company that turned a blind eye to community service was actually the epiphany that inspired Reynolds to set out on his own. As he tells the story, he asked his boss if he could work through lunch one day a week so he could leave early to volunteer at Children’s Hospital of Philadelphia. He was told that wasn’t possible.
Evan Ehlers, founder of Sharing Excess, will provide his own inspirational entrepreneurship story after Reynolds. Launched at Drexel University in 2018, Sharing Excess addresses the need for food by delivering regular surplus from grocery stores, restaurants, wholesalers, and farmers to communities in need.
Ehlers created Sharing Excess after realizing he had fifty meals left in his college dining account with only two days left to use them. Rather than letting the meals go to waste, he decided to swipe them all out, pack them in his car, and drive around Center City Philadelphia, giving them to anyone who needed food.
Today, Sharing Excess delivers more than 250,000 pounds of food each week, working with community organizations and food banks.
Following their inspirational entrepreneurship lectures, both young entrepreneurs will answer questions from the audience.
Rocco Abessinio and his wife, Mary, established The Rocco and Mary Abessinio School of Business Chair in Management and Entrepreneurship Endowed Fund in 2015. It is the center of entrepreneurship education, activities, and programming for the School of Business and across campus. The annual lecture series is one of the outcomes of this endowed fund. Neumann’s inaugural Abessinio Lecture was delivered by Rocco Abessinio himself on October 4, 2016.
Mr. Abessinio, an alumnus and longtime friend of Neumann, is the chief executive officer of Roch Capital, Inc., a privately owned capital management firm headquartered in Glen Mills, and focused on making investments in quality assets that will be held for the long term. He is also the founder of Applied Bank and Applied Card System, which grew to be the 10th largest issuer of Visa and MasterCard credit cards in the country.