Idealab (formerly known as idealab!) is a business incubator based in Pasadena, California.
Idealab was founded by Bill Gross
in March 1996
. Prior to Idealab, he founded GNP Loudspeakers (now GNP Audio Video), an audio equipment manufacturer; GNP Development Inc., acquired by Lotus Software
; and Knowledge Adventure, an educational software company, later acquired by Cendant
. Gross graduated with a Bachelor of Science
in Mechanical Engineering
from the California Institute of Technology
and Idealab! has historically hired many alumni; Gross now sits on the Institute's board of trustees.
The company leased the right to use the .tv domain, giving the island nation of Tuvalu enough money to join the United Nations in 2000.
Idealab has spun off a variety of companies including: