Clear Secure, Inc. (NYSE: YOU) Q3 2022 Earnings Call Transcript November 14, 2022 Operator: Good morning, and welcome to CLEAR Quarter 3 2022 Earnings Conference Call. The Home Depot, the world's largest home improvement retailer, today announced the appointment of Paula Santilli, CEO of PepsiCo Latin America, and Caryn Seidman-Becker, chair and CEO of CLEAR, to its board of directors, effective March 1, 2022. We want Clear to become part of people's daily habit, to go from 12 times a year using itwhich is how people on average were using it in airportsto 12 times a day, she says. Topics Include:- What values her parents instilled in her- Her first job in NYC in risk arbitrage- Why she started her hedge fund Arience Capital Management- The decision to close Arience in late 2008- Advice for people who want to start over and pursue their passions- What is CLEAR? Caryn Becker currently lives in New York, NY; in the past Caryn has also lived in Garden City NY and Katonah NY. Learn about the attacks and their aftermaththrough a host of online resources. Mrs. Seidman Becker, 26, is a vice president and senior analyst at Iridian Asset Management, a money management company in Westport, Conn. She graduated from the University of Michigan. Hertz just announced they were partnering with CLEAR to utilize biometric technology for the first time ever to rent a car in under a minute. CLEARs early investors included Delta Air Lines and United Airlines. Kenneth Cornick has served as our President since 2010 and Chief Financial Officer since January 2020 and from our inception to 2017. Some 67 organizations, including Danny Meyers Union Square Hospitality Group and the San Antonio Spurs AT&T Center, have signed on to use Health Pass for employees and customers. Caryn Seidman-Becker is the co-founder and CEO of CLEAR, the secure identity platform. Ananda Baruah - Loop Capital Markets Operator Good morning and welcome to the Clear Second Quarter 2022 Earnings Conference Call. Caryn Seidman-Becker: No, we consider CLEAR a secure identity platform which is using biometrics to make the world safer and easier to navigate, secure and frictionless. Wh en she and co-founder Ken Cornick began with CLEAR in 2010, they had a vision for a future that was both safer and more frictionless. From 2017 to July 2019, Mr. Peddy served in multiple roles at Capital One Financial Corporation (NYSE: COF), a bank holding company specializing in credit cards, auto loans, banking, and savings accounts. Prior to that, he was Director & Regional General Manager at Uber Technologies, Inc. (NYSE: UBER), where he oversaw ridesharing operations for various cities, states and regions across the U.S. Before that, Mr. Moshkani served as Founder and Chief Executive Officer of HireBrite, a technology company he founded that connects employers to students for jobs & internships. Her mother is a budget analyst for the Immigration and Naturalization Service in Washington. Enter your email address below to get our daily insider buying and selling report. Caryn Seidman-Becker is the Chairman and CEO of CLEAR. View 2 Caryn Seidman-Becker and Neil Patrick Harris Photos Show Neil Patrick Harris With: David Burtka, David Furnish, Elton John, Katy Perry, Rachael Ray Caryn leads 2000 team members who are all committed to growing CLEARs ability to create safe and easy member journeys and supporting its members, partners and communities. All Rights Reserved. Ms. Seidman-Becker owns 1,500 shares of Lemonade stock worth more than $23,760 as of January 18th. Clear cofounder and CEO Caryn Seidman-Becker guided her company through Covid and to a buzzy IPO Wednesday: the biometric security company saw shares soar in their public market debut, and Seidman-Becker sees applications for her company that go well beyond the airport. 2023 Getty Images. When the financial crisis hit in 2008, Caryn - like thousands of other funds - closed her fund. Follow this author to stay notified about their latest stories. Mr.Perrin holds a Bachelor of Arts degree from Princeton University and a Juris Doctor from Harvard Law School. Caryn Seidman-Becker, its cofounder, chairman, and CEO, says that she and her board members started having calls "consistently." That's "the power of partnership that I had seen from a board. 2023 National September 11 Memorial & Museum 9/11 MEMORIAL is a registered trademark of the National September 11 Memorial & Museum. Co-founder and CEO of CLEAR Caryn Seidman-Becker attends CLEAR CONNECTS: A Day of Families Hosted by Neil Patrick Harris. BBC Motion Gallery; NBC News Archives; In a May letter to Clear, Senators Jeff Merkley and Cory Booker noted, Though there are some potential benefits and expediencies, this technology can also be utilized widely and passively in such a way that eludes consumers awareness, permission, or the ability to opt out. What we realized quickly last March was that there was going to be another card in your wallet, and that was your vaccine card, Seidman-Becker said, noting that she had to carry a yellow fever vaccine card when she visited Kenya a few years ago, so the idea was not an entirely foreign concept when Covid hit. You can use your username or email address to login. When a customer has a bad experience, they can email me directly. Prior to joining Grubhub, from 2016 to 2018 Mr.Hall was Chief Product and Technology Officer at ClassPass Inc., a membership-based health club aggregator, leading the companys engineering, product and design teams. Chairman and Chief Executive Officer Caryn Seidman-Becker is the co-founder and CEO of CLEAR, the secure identity platform, which uses biometrics to make proving you are you simple. Prior to joining CLEAR, Mr. Hazenfield led talent development, diversity, equity & inclusion efforts, and the HR business partner team for Two Sigma Investments growth businesses and corporate operations. Leading the way is the just-signed Inflation Reduction Act of 2022. Learn More on Lemonade's active insiders. That's how I send my kids off to school every day, and being part of the solution is very empowering., This is a BETA experience. As Caryn and Ken started to rebuild the CLEAR platform from the ground up they communicated a pledge to all the grandfathered members that the company would do right by them. But in 2002, it was almost unheard of. A former hedge fund manager, she and a colleague bought Clear's predecessor out of bankruptcy in 2010. What Does The Future Hold For Biometrics? Seidman-Becker emphasizes the companys commitment to privacy and the importance of communicating its privacy policies in clear human language. Mr.Cornickco-foundedCLEAR with Ms.Seidman-Becker in 2010. She holds a Bachelor of Science in Political Science from the University of Michigan. Musk, at times, has taken his no-holds-barred leadership too far, but that does not mean creative leadership should be overlooked as a management style. CREATIVE. From 2002 to 2009, she was the Managing Partner of Arience Capital, where she built an asset management firm with $1.5 billion . After pricing at $31 per share Tuesday nightabove the $27- to $30-per-share range it had targeted and giving the IPO a $4.5 billion valuationClears stock opened for trading on the New York Stock Exchange at $38.55 just before 11am ET, and hit $42.10 by noon. But perhaps most importantly, they acquired a strong brand that customers genuinely appreciated. caryn seidman becker has 68 books on Goodreads, and is currently reading Radical Remission: Surviving Cancer Against All Odds by Kelly A. Turner, The Cof. In 2002 Caryn Seidman-Becker created and ran a successful hedge fund that ultimately grew to $1.5 billion assets - an amount that was unheard of for a woman to manage at the time. (Your career) is not going to be linear, that is some of the advice that flowed at the recent Politico Women Rule Summit, where many speakers - from Nancy Pelosi to entrepreneurs and executives - focused on what is success and how do you achieve it.. Mr. Peddy has served on the Board of Directors of the Diversity Center of Seattle since January 2020. These relationships helped CLEAR better integrate with the airlines various verification points, from check-in to boarding to airport lounges. Learn More about Caryn Seidman-Becker's net worth. Caryn Seidman-Becker is the co-founder, chairman and CEO of CLEAR, and Nick Martell is the co-founder of MarketSnacks. But eventually, you have to leave the comfort of your home and get on a plane or renew your drivers license, and you remember just how clunky modern life can be. Seidman Becker stressed that everyone's . Caryn also oversees . Enter the password that accompanies your username. The IPO activity of the first half of the year has helped inch that number forward: Bumble founder and CEO Whitney Wolfe Herd took the dating app public in February, FIGS founders Trina Spear and Heather Hasson brought their trendy scrubs company to market in May, and Anne Wojcicki took 23andMe public via SPAC on June 17. From 2002 to 2009, she was the Managing Partner of Arience Capital, where she built an asset management firm with $1.5 billion assets under management. Caryn Gail Seidman, a daughter of Laurie Seidman and Daniel Seidman, both of Rockville, Md., was married last evening to Marc Evan Becker, a son of Sharon and Jerry Becker of East. Caryn Seidman-Becker is the Chairman and CEO of CLEAR. Think about all the times you have to pull your drivers license or now, your vaccination card out of your wallet. The New York-based company has been around for several years, but was bought out of bankruptcyand brought back to relevancein 2010 by Caryn Seidman-Becker, Clear's now-chairman and CEO. Elon Musk, one of the most creative leaders of our time, is widely seen as a visionary. Possible connections via phone numbers - Marc E Becker; ads by BeenVerified. Chairman and CEO CLEAR Published Dec 22, 2014 + Follow The season of giving is a great time to reflect and think about the impact we've made this year. In 2020, these initiatives drove $230.8million in revenue, up 20% over 2019 (though the company did record a net loss of $9.3 million, an improvement over 2019s $54.2 million loss). Today, CLEAR has five million members, and powers frictionless experiences at 60+ U.S. airports, stadiums, and other locations nationwide. The stock closed at $40.43, a 30% gain that puts Clears market cap at $5.8 billion and gives Seidman-Becker a stake worth approximately $826 million. The story behind changing retail numbers, with Former DVF CEO Sandra Campos, Moderna's mRNA RSV vaccine propels stock gains, CNBC's investment committee on the Fed's data dependency, The upside in 2023 is going to be driven by earnings, says NewEdge's Rob Sechan. Caryn Seidman-Becker has been a member of our board of directors since July 2018. She lives in NYC with her husband Marc and three children. Caryn led the acquisition of CLEAR in 2010 and has guided the revitalization and re-launch of the company. Previously, he spent nearly ten years at Amazon.com, Inc. (NASDAQ: AMZN), serving as Vice President of Consumable Customer Experience and Vice President of Mobile. It was the first time that someone brought to my attention that I was different.. The corporate mailing address for Ms. Seidman-Becker and other Lemonade executives is 5 CROSBY STREET 3RD FLOOR, NEW YORK NY, 10013. Caryn Seidman-Becker, cofounder, chairman and CEO of Clear Secure, rings the opening bell of the New York Stock Exchange alongside NYSE president Stacey Cunningham Wednesday morning (Photo Credit: NYSE). Find Caryn Seidman Becker Delta Sky September 19 2014 stock photos and editorial news pictures from Getty Images. The estimated net worth of Caryn Seidman-Becker is at least $23,760.00 as of May 23rd, 2022. Media in category "Caryn Seidman Becker" The following 4 files are in this category, out of 4 total. Caryn Seidman-Becker is cofounder and CEO of Clear Secure, which uses identification technology for security checkpoints at airports and stadiums. Since day one, we've come together with the mission to build faster, frictionless experiences. 2021 Phocuswright Conference speaker. She lives in NYC with her husband Marc and three children. At my Friday night family dinner table, we. If you're looking to find the email of Caryn Seidman Becker at Clear then you've come to the right place. Sam Hallhas served as our Chief Product Officer since June2021. When I tell people outside of our Park Avenue Synagogue community about my new role as Chairman, the reaction . Information on this page was last updated on 11/1/2022. This question was originally answered on Quora by Caryn Seidman Becker. After work, you enter a stadium with no queue to watch a sporting event, and your beer is served to you at your seat without needing to confirm that youre of age, fumble to find a card to prove your age, or hand over cash. This is her most recent career path, having traveled from finance to flight safetywith a few bumps in betweensince graduating from U-M in 1994. Mr.Levine began his career as an associate at LeBoeuf, Lamb, Greene& MacRae, LLP, an international law firm. But if Caryns story teaches us anything, its that with insatiable curiosity, transparency, determination - and was she describes as being indefatigabel - you can accomplish your wildest dreams.In this episode, Randall and Caryn discuss how her childhood experiences and time attending the University of Michigan shaped her future, the importance of great teachers and mentors, the ability to overcome challenges and make tough decisions, the experience of buying a bankruptcy company and turning CLEAR into a company with $450 million in annual revenues, and advice for female entrepreneurs trying to find funding. Learn More on Caryn Seidman-Becker's trading history. I feel like that's my opportunity in the world: to make it a better place. Seidman-Becker had a vision to roll out biometrics at a scale the U.S. had not yet seen. Founders: Caryn Seidman-Becker (CEO), Ken Cornick Launched: 2010 Headquarters: New York City Funding: $150 million (PitchBook) Valuation: N/A Key technologies: Facial recognition Industry: Travel . Her foresight proved valuable: Clear Secure made its public market debut on Wednesday, and investor appetite sent shares soaring immediately upon its open. Caryn led the acquisition of CLEAR in 2010 and has guided the revitalization and re-launch of the company. See Who Could Benefit From the Flow of Money. Links: www.forbes.com. Matthew Levinehas served as our General Counsel and Chief Privacy Officer since 2012, and Secretary since March 2022. Rescued by a rebel warrior, she finds . Listed under the ticker YOU (a nod to the companys motto: you are you), Clear begins its life on the public market as travel inches closer to pre-pandemic levels, with the TSA processing more than 2 million travelers in four out of the last eight days. They sold a total of 14,802 shares worth more than $454,872.85. She lives in NYC with her husband Marc and three children. Caryn received a BA in Political Science from the University of Michigan. Caryn Seidman-Becker is the co-founder and CEO of CLEAR, the secure identity platform, which uses biometrics to make proving you are you simple. If it was good enough to get on a plane, where identity and security are paramount, clearlyno pun intendedit's good enough that to check in at the doctor's office, she says. CLEAR CEO Caryn Seidman-Becker. Caryn Seidman-Becker is currently . Learn More on Caryn Seidman-Becker's trading history. Kasra Moshkani has served as our Executive Vice President, Operations since June 2021. Product Officer since January 2020 and from our inception to 2017 someone brought to my attention that I different... Co-Founder of MarketSnacks pictures from Getty Images the U.S. had not yet seen Nick Martell is the co-founder CEO... 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