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Before co-founding Gigafund, Stephen was a Venture Partner at Founders Fund. Prior to that, Stephen was the Founder and CEO of Smiley Media, a performance-based marketing company that drove more than $1 billion in sales for its clients. Smiley raised $0 of outside capital and grew into a two-time Inc. 500 company with $50 million in annual revenue. Stephen was one of the first to apply A/B testing to run millions of marketing experiments. He built Smiley Media using a unique distributed team structure and talent assessment system, recruiting hundreds of the highest caliber people from over 20 different countries. As an angel investor, Stephen made a $3 million investment in Rover and drove the M&A process that resulted in its merger with Revcontent. Stephen studied Computer Science at Stanford University. Previously, he published research in laser fusion and became one of 40 Finalists in the Westinghouse Science Talent Search.