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Angel Investor (Individual)
aspeninstitute.org/people/richard-braddock

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Investments

8

About Richard Braddock

Mr. Braddock, began his business career in 1965 spending a number of years in product management at General Foods. He joined Citicorp in 1973, was elected to the board of directors in 1985 and was elected president and chief operating officer of Citicorp and its principal subsidiary, Citibank, N.A. in January, 1990. Mr. Braddock resigned from Citicorp in November, 1992, and subsequently served as chief executive officer of Medco Containment Services, Inc. until its acquisition by Merck & Co., Inc., and then spent a year as a principal at Clayton, Dubilier & Rice, Inc. He served as Chairman (non-executive) of True North Communications Inc. from December, 1997 to January of 1999. He served as Chairman and CEO of priceline.com from August of 1998 to April 2004. Mr. Braddock served as Chairman of MidOcean Partners from April of 2003 until December 2007, and also became Chairman of FreshDirect in 2005. In March of 2008 Mr. Braddock became Chairman and CEO of Fresh Direct. Mr. Braddock serves on the board of directors of Eastman Kodak Company (lead director), Fresh Direct Holdings, Inc., The Aspen Institute, Lincoln Center for the Performing Arts, Cristo Rey Network, and several private companies. He is a member of The Council on Foreign Relations

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Latest Richard Braddock News

Smart suitcase ’climbs’ stairs with built-in tracks

Jun 7, 2016

897 TraxPack is luggage with tracks built in to help travelers going up and down stairs. Image: TraxPack 2016-06-07 15:00:00 UTC There have been many “ smart luggage ” companies started in recent years, and the innovations are mostly the same: an in-suitcase device charger, a weight scale and location tracking. The founders of TraxPack are trying to do something a bit different, however, launching a Kickstarter Tuesday for a smart suitcase that — in addition to the usual bells and whistles — makes it easier to go up and down stairs. SEE ALSO: 16 hostels that are way nicer than you'd expect a hostel to be The idea to take the “lug” out of “luggage,” according to co-founders Naisha Joseph and Richard Braddock, came from personal experience. Joseph had recently been on a trip to Jamaica where she had to carry a heavy suitcase up several flights of stairs late at night. Braddock, who told Mashable he likes to fix things, thought there had to be a better way. Image: TraxPack So he's come up with TraxPack, a standard-size carry-on roller bag with tracks on one side to allow a person to pull the suitcase up stairs. The tracks are not motorized, so the bag won't do all the work for you, but the weight of the packed suitcase creates friction against the edges of the stairs, turning what would otherwise be a heavy lift into a smooth one. Besides the tracks, the luggage also has a built-in weight scale, proximity sensor, device stand and charger. Image: TraxPack Joseph and Braddock came up with the idea because of their own experience traveling with heavy luggage. Image: TraxPack The tracks are not motorized; the weight of the bag creates friction to help keep the bag moving in the right direction. Image: TraxPack The handle, meanwhile, does triple duty. It extends first to be used when the bag is upright, then further extends to be long enough to hold comfortably while pulling TraxPack upstairs. And, when you're done going up and down all those staircases, the handle tilts to provide a device stand (like for a tablet). Joseph and Braddock are launching the Kickstarter to get funding to bring their prototype to the masses. Because no “smart” luggage would be complete without it, TraxPack also includes a baggage positioning system (with accompanying smartphone app that will beep if your bag gets too far away from you), a built-in luggage scale, the mobile device stand, dual USB ports for charging devices and TSA-approved locks. Have something to add to this story? Share it in the comments.

Richard Braddock Investments

8 Investments

Richard Braddock has made 8 investments. Their latest investment was in Gravy Analytics as part of their Series B - II on December 12, 2016.

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Richard Braddock Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

12/30/2016

Series B - II

Gravy Analytics

$4.7M

No

3

10/17/2016

Series B

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$99M

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10

5/13/2015

Series C - II

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$99M

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10

1/6/2015

Series C

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$99M

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10

1/9/2014

Series B

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$99M

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10

Date

12/30/2016

10/17/2016

5/13/2015

1/6/2015

1/9/2014

Round

Series B - II

Series B

Series C - II

Series C

Series B

Company

Gravy Analytics

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Amount

$4.7M

$99M

$99M

$99M

$99M

New?

No

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Co-Investors

Sources

3

10

10

10

10

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