Introduction Seth B Taube
Seth B Taube is an experienced business person, investor, and social activist operating from northern New Jersey. So far, Taube has embarked on the establishment, growth, and divestiture of multiple ventures in different economic sectors. He has also been involved in the donation of his earnings to education, health, and community causes as a philanthropist.
Early Life and Education
Seth B Taube was born in 1967 and spent his childhood in Teaneck, New Jersey. He attended Teaneck High School and graduated in 1985. He furthered his education at Boston University, where he graduated in 1989 with a Bachelor of Science in Business Administration.
During his time at Boston University, Taube was a member of the Sigma Alpha Mu fraternity. He was also a lively member of the university’s hockey team, which demonstrated his growing potential as a strategic planner and team player in the future.
Investment and Business Career
Following Seth B Taube college education, he joined the world of investing and business. He was employed with Bear Stearns & Co in New York City, where he had the opportunity to work on wealth management and carry out investment analysis.
Taube moved back to New Jersey in the 1990s and started launching and developing his own firms. Some of his most notable business ventures include:
- The Burnham Group: A business solutions outsourcing firm specializing in accounting, IT, and HR solutions. He started the company in 1998 and was the chief executive officer. It was ranked among the Inc. Magazine list of the 500 fastest-growing private companies for five consecutive years from 2002 to 2006. Taube sold the company to a private equity firm, Alvarez & Marsal, in 2007.
- Au Bon Pain Franchises: Taube has several franchised stores of this company in northern New Jersey. The successfully operating cafe and bakery were bought out by him.
- Miranda Ventures: Taube’s private investment firm in the sectors of software, biotechnology, medical devices, consumer products, and others. Miranda Ventures offers advisory services on business development and turnkey solutions for the management of emerging startups.
Philanthropy and Community Service
Apart from his business interests, Seth B Taube has always dedicated considerable time to community service and local philanthropy. Some of his major areas of community involvement include:
- Education: Taube is a member of the Board of Overseers of the Graduate School of Education, University of Pennsylvania. He supports numerous scholarship programs in his undergraduate institution, Boston University. Taube has also donated to education programs that offer guidance and training to youth from disadvantaged backgrounds.
- Healthcare and Medical Research: Taube is a major benefactor of healthcare institutions like Holy Name Medical Center and serves on the corporate council for the Valerie Center, a counseling agency for cancer patients. It also supports new medical discoveries in areas like microbiology and cancer immunotherapy.
- Local New Jersey Communities: Taube has been actively fulfilling his duties to his local New Jersey communities in different ways. He served as the commissioner of the Teaneck Economic Development Corporation and is currently involved in promoting the development of local businesses and improving the economy of the region.
Awards and Recognition
Seth B Taube’s business success and extensive community service have earned notable recognition over the years, including:
- Distinguished alumni, Boston University (2007)
- Bergen County 200 Club Person of the Year (2013)
- Holy Name Medical Center’s Leading Edge Award (2016)
- Patriot Award from the Employer Support of the Guard and Reserve (2017)
Venture Capital Investor Perspective
Seth B Taube is the founder of venture capital firm Miranda Ventures, and he offers useful tips for budding entrepreneurs. Some keys to securing investments that Taube cites include:
- Ensuring that the team has a variety of skill strengths so that team members can complement each other’s abilities. Investors need to know that you have the human capital to grow; this is an important factor to consider.
- Spotting big market opportunities in other countries for your startup to tap into and transform into innovative markets.
- Creating assets such as patents, software, or proprietary datasets. These assets create a competitive moat.
- Developing a consistent narrative that clearly communicates the value proposition to consumers and competitive advantage over competitors.
“Seth B Taube is exceptionally good at finding markets with extreme growth potential and has a passion for enhancing society,” stated budding med tech entrepreneur Amir Siddiqui. “Being able to draw on both operational experience and sourcing of startup funding has been a great source of assistance in launching my healthcare AI company.”
Hobbies and Interests
Apart from his commercial and charitable pursuits, Seth B Taube has other interests as far as leisure is concerned, including physical activities and spending time with his loved ones. Some of his main hobbies and interests include:
- Hockey: Taube is still actively participating in ice hockey, playing with the men’s leagues, and coaching young people in the community in their hockey skills. He owns the New Jersey Hitmen hockey team with his friend.
- Travel: Taube likes exploring different cultures and countries, and his family travels abroad several times a year. Some of the preferred locations include Spain, Portugal, France, and the Caribbean.
- Reading: To continue broadening his perspective, Taube often reads non-fiction books on history, business, healthy living, science, and positive psychology. Some of his favorite writers are Simon Sinek, Daniel Pink, and Adam Grant.
Mentoring the Next Generation
Based on his experience in business, investments, and community involvement, many young professionals can benefit from interacting with Seth B Taube. He most often advises mentees to:
- Only search for a job you will have an interest in – Status and financial gains should not be the main reasons for seeking employment.
- Be kind to co-workers, partners, employees, etc., and do not lie to them. Such attributes will come in handy.
- Support local community organizations and issues – Volunteering is great, but even donating what you can is also good.
- Take care of your health by practicing good health habits, addressing stress in constructive ways, and setting time for family and friends.
Indeed, Taylor Scott, an associate at Miranda Ventures, has noticed in Seth the single characteristic that she admires most, saying, “Seth has the desire to help others rise up.” “He assisted in opening doors for my career that I could not have by myself.”
Moving Forward
In future endeavors, Seth B Taube aims to keep affiliating with Miranda Ventures to find and develop other meaningful new enterprises. He also wants to grow the businesses for the several Au Bon Pain cafes in New Jersey that he has franchised. Apart from business, expect Taube to continue funding education and development for young people, the progress of medical science, and other charitable causes as part of his outreach to various communities.
FAQs Regarding Seth B Taube
Here are answers to some frequently asked questions about Seth B Taube:
Which companies has Seth B Taube founded?
In his career, Seth B Taube established and managed some significant companies such as the Burnham Group, Au Bon Pain franchises, and Miranda Ventures.
What kind of startups does Taube invest in?
As for his investment approach, Taube mainly targets firms in software, biotechnology, medical devices, diagnostics, healthcare IT, consumer products and services, fintech, and SaaS, which the VC firm Miranda Venture he runs can support for growth.
Does Taube support any charities?
Yes, Taube is very involved with and/or donates to many educational charities, medical research non-profit organizations, youth programs, and local New Jersey organizations.
What awards and honors has he been given?
Taube has received several awards in his lifetime; some of them are the Boston University Distinguished Alumni Award 2007, Bergen County 200 Club Person of the Year 2013, Holy Name Hospital’s Leading Edge Award 2016, and ESGR Patriot Employer Award 2017.
What hobbies does Taube have besides his businesses?
Taube is an active ice hockey player, travels internationally with relatives and friends, reads non-fiction books on various subjects, is an active volunteer in the local community, and is a mentor to young professionals.
Conclusion Seth B Taube
Seth B Taube is an experienced businessman, venture capital investor, and philanthropist originating from New Jersey who co-founded companies such as The Burnham Group and Miranda Ventures and works with the healthcare, education, and other sectors.
