Nick Hanauer is an American entrepreneur and venture capitalist, he has a net worth of $1 billion. Nick Hanauer has earned his net worth as the co-founder the Seattle-based venture capital company, Second Avenue Partners and by selling several tech companies for very high price tags. Nick Hanauer was born in New York, NY in 1959, he earned a degree in Philosophy from the University of Washington, he started his business career with the family owned company Pacific Coast Feather Company, as of today he is still the co-chair and CEO. He is also the co-founder of Museum Quality Framing Company which is a West-Coast franchise. Hanauer has a degree in Philosophy from the University of Washington. He was also one of the investors in the company known as Amazon and was also one of the companies' advisors till 2000. He was the founder of gear.com which eventually merged to Overstock.com an Avenue A Media. In 2007 Avenue A Media operated under the name Quantize and was purchased by Microsoft for $6.4 dollars. Hanauer is also the co-founder of Second Avenue Partners a Seattle-based venture capital company. Second Avenue advises and funds such early stage companies as House Values, Qliance, and Newsvine. Hanauer is also the co-founder of the political action tank known as The True Patriot Network, which is based on the ideas of Hanauer and Eric Liu as presented in their 2007 book named The True Patriot. As an active member of the Seattle community and Washington's public education system, he is the co-founder of the League of Education Voters (LEV), which is a non-partisan political group that is dedicated to the improvement of the quality of public education in the state of Washington. Hanauer is also a member of the board of the Cascade Land Conservancy, The University of Washington Foundation, The University of Arizona's Mount Lemmon Science Center, as well as The University of Washington Foundation. He also serves on the board of the Biosphere 2 climate research project.
Recently Nick Hanauer has made headlines when he announced he supports taxing the rich more heavily. He also disagrees with the notion that rich Americans create jobs and that in reality we need to support the middle class if we want to reduce unemployment.