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Jack Kloster
Senior Director, Head of Business Development, US & Canada at Uber
Professional Background
Jack Kloster is a highly accomplished entrepreneur and executive with over 25 years of progressive experience in both start-up and established businesses. Currently, he leads a dynamic team of more than 30 professionals as the Head of Business Development for the United States and Canada at Uber. Under his leadership, the team has successfully forged Uber's most essential strategic partnerships across various business and product lines, resulting in impactful growth measured in billions of dollars.
Kloster's impressive career trajectory includes notable entrepreneurial accomplishments, most prominently the founding of Yardbarker, a pioneering digital media company that reshaped sports content. Under his guidance, Yardbarker garnered significant traction, becoming a comScore Top 100 property before its acquisition by Fox Sports. This venture was not just a personal milestone; it contributed significantly to the evolution of online sports media.
In addition to his entrepreneurial success, Kloster has held key leadership roles that demonstrate his prowess in business development and corporate strategy. He served as an Executive Vice President of Business and Corporate Development at Tongal, a creative platform recognized twice by Inc. 500 as one of the fastest-growing companies. During his tenure, Tongal was also honored on the Ad Age A-List for Top 10 Agencies, marking a significant achievement in the marketing and advertising industry.
Jack Kloster's experience spans various industries, notably in consumer businesses, digital media, and technology. His current focus centers on fostering growth and driving market disruption in leadership roles, including serving as an angel investor and advisor to early-stage businesses. Throughout his career, Kloster has amassed a wealth of knowledge in marketplace models, loyalty programs, transaction revenue models, and operational excellence across sectors like travel, sports, and entertainment.
Education and Achievements
Jack Kloster is well-educated, holding a Master of Business Administration (MBA) from the renowned Walter A. Haas School of Business at the University of California, Berkeley. This prestigious institution has a rich history of producing influential leaders and innovators in various sectors. His foundational education came from Rutgers, The State University of New Jersey-New Brunswick, where he completed his Bachelor of Science degree. Both educational experiences equipped him with the necessary skills and knowledge to excel in his career and navigate the complexities of modern business.
Kloster's extensive career is enhanced by his involvement in various organizations, reflecting his commitment to fostering innovation and mentorship in the business community. He has served as an advisor at Berkeley SkyDeck, contributing his insights to help emerging start-ups thrive. Additionally, Kloster has taken on mentorship roles in Berkeley-Haas Entrepreneurship, nurturing the next generation of business leaders.
His advisory contributions extend to the Rutgers Big Data program, where he has been instrumental on the advisory board, guiding the integration of data analytics in business strategies. These roles not only reflect his dedication to mentoring but also showcase his belief in the importance of fostering strong educational connections between academia and industry.
Achievements
Throughout his career, Jack Kloster has achieved notable accolades and milestones that highlight his vision and innovation. His leadership at Yardbarker exemplifies his capacity to turn an idea into a thriving business, successfully scaling the company to 28 million monthly unique visitors before its strategic acquisition by Fox Sports.
His work at Tongal further emphasizes his capability in navigating corporate growth and creative strategy. His ability to build strategic partnerships, coupled with an understanding of the industry's shifting landscape, has proven vital in driving company success.
In addition to executive roles, Kloster's expertise in corporate restructuring has strengthened his business acumen, allowing him to influence various business transformations positively. His experience at Alvarez and Marsal, Huron Consulting Group, and Arthur Andersen not only honed his skills in financial restructuring and operational turnaround but also provided him a unique perspective on business scalability and market adaptation.
Kloster’s involvement with high-profile companies, including his leadership positions at Twitter and Fox Sports, illustrates his versatility in content creation, media distribution, and corporate strategy. As the former VP of Business Development & Operations at Fox Sports, he developed essential strategies that contributed significantly to the company’s media initiatives.
Through his current role at Uber and prior positions, Jack Kloster continues to demonstrate remarkable expertise in shaping the future of business development. His passion for driving growth and innovation in the technology-driven market landscape is evident in all his endeavors.
Jack Kloster invites like-minded professionals to connect regarding potential board roles, advisory opportunities, and early-stage investment endeavors, as he actively seeks to leverage his extensive experience in fostering the next wave of innovative businesses.