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Randy Altschuler

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Randy Altschuler
Altschuler in 2024
Personal details
Born (1970-12-08) December 8, 1970 (age 54)
New York City, New York, U.S.
Political partyRepublican
SpouseCheryl Sladkin Altschuler
Residence(s)St. James, New York, U.S.
Alma materHunter College High School Princeton University (BA)
University of Vienna (Fulbright Scholar)
Harvard Business School (MBA)
ProfessionBusinessman
WebsiteRandy Altschuler for Congress

Randolph Brody Altschuler[1] (born December 8, 1970) is an American businessman and politician. He was the Republican and Conservative Party candidate for Congress in New York's 1st Congressional District in 2010 and 2012. He is the co-founder and chief executive officer (CEO) of Xometry, Inc.

Early life and education

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Altschuler was born and raised in New York City by a single mother, Sheila Brody,[1] and graduated from Hunter College High School in 1989. He attended Princeton University, working his way through school as a short order cook and campus security guard.[2] He graduated in 1993 with a Bachelor of Arts (B.A.) in German Studies and Literature, earning High Honors. In 1994, Altschuler studied at the University of Vienna as a Fulbright Scholar. In 1998, Altschuler graduated from Harvard Business School earning a Master of Business Administration (MBA) degree with Distinction.[3]

Business career

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Altschuler worked as an investment banker at Donaldson, Lufkin & Jenrette and served as an assistant to the CEO of Deutsche Bank North America, focusing on strategic and management issues. After getting his MBA, Altschuler worked in private equity at The Blackstone Group.[4] As an entrepreneur, Altschuler has co-founded three successful companies, including Office Tiger in 1999, CloudBlue in 2001, and Xometry in 2013, where he is CEO. Xometry became a public company on June 30, 2021, trading on Nasdaq under the ticker symbol XMTR.[5]

Office Tiger

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In 1999, Altschuler and Princeton classmate Joseph Sigelman started OfficeTiger, a business process outsourcing (BPO) company that performs back-office support services for American companies.[6][7] In July 2005, Business Week magazine reported that OfficeTiger was the only successful startup in India's outsourcing industry owned and managed by U.S. entrepreneurs.[8]

Altschuler claims that OfficeTiger is not a traditional outsourcing company, but rather one whose overseas employees "enhance the services and jobs that Americans are doing here domestically," and contends, "You want the professionals here doing different kinds of things than he or she is doing today. Office Tiger allows them to take some of the more traditional tasks and outsource that offshore."[6]

OfficeTiger was acquired by RR Donnelley in April 2006 for $250 million, and through combination with another Donnelley acquisition, Astron BPO, by September 2006 OfficeTiger had expanded to 29 offices and 42 client locations across nine countries and employed 4,000 people in India, 4,000 in Europe, 1,000 in Sri Lanka, 750 in the United States, and 300 in the Philippines.[9]

CloudBlue

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In 2001 Altschuler co-founded an electronic waste (e-waste) recycling company CloudBlue Technologies based in Norcross Georgia, having moved there in 2011 from Alpharetta, GA.[10][11] He served as the company's executive chairman and worked out of their Port Jefferson, NY offices.[11] On September 30, 2013, ClouldBlue was acquired by Ingram Micro, a large wholesale technology distributor.[12]

Xometry

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Altschuler speaks at the Xometry headquarters with Maryland Governor Wes Moore, 2024

Altschuler's most recent business venture is Xometry, Inc.,[13] an advanced manufacturing company with investors including Dell Technologies Capital and Highland Capital Partners, that he co-founded with Laurence Zuriff in 2013.[14]

2010 U.S. Congressional campaign

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New York's 1st congressional district
See also: United States House of Representatives elections in New York, 2010 § District 1

On August 11, 2009, Altschuler filed to run for U.S. Congress from New York's 1st congressional district against four-term incumbent Democrat Timothy Bishop.[15] Altschuler won the September 14, 2010, Republican primary over George Demos, a former Securities and Exchange Commission prosecutor, and Christopher Nixon Cox, a grandson of Richard Nixon, receiving 45.07% of the vote.[16] Demos received 30.32%, while Cox received 24.61%.[16]

In the general election, Altschuler was endorsed by former New York City Mayor Rudy Giuliani,[17] Suffolk County Executive Steve Levy,[18] Former Massachusetts Governor and 2008 presidential contender Mitt Romney,[19] Former New York Governor George Pataki,[20] House Republican Whip Eric Cantor,[21] former House Speaker Newt Gingrich,[22] The U.S. Chamber of Commerce,[20] the National Federation of Independent Business,[20] Long Island Congressman Peter T. King,[23] Dan Senor,[24] John Faso,[25] The Conservative Party of New York State, the American Conservative Union,[26] John LeBoutillier,[27] and numerous other local elected officials.[28][29][30][31][32] In the days leading up to the primary, Conservative radio host Rush Limbaugh commented on the race calling Altschuler "a guy who was a Green Party pro-choice Republican in New Jersey before they shipped him out to Suffolk County to run."[33][34]

Altschuler faced incumbent Tim Bishop in the November 2, 2010 general election. On Election Day Bishop was reported to have a 3,400 vote lead but after the electronic voting machines were reread at the board of elections, Altschulter was reported with a 392-vote lead, with approximately 11,000 absentee ballots left to be counted.[35] After most absentee ballots were tabulated, Bishop had a 263-vote lead, at which point Altschuler conceded defeat to Bishop and ended his campaign on December 8 – 36 days after the election. It was the last Congressional race decided in the United States.[36] Altschuler lost the election by 593 votes.[37]

Altschuler invested $2.2 million of his own money in the campaign.[38]

New York's 1st congressional district election, 2010
Party Candidate Votes %
Democratic Tim Bishop (incumbent) 98,316 50.1
Republican Randy Altschuler 97,723 49.9

2012 U.S. Congressional campaign

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See also: United States House of Representatives elections in New York, 2012 § District 1

Ending speculation that he would run for the Suffolk County Executive position to succeed Steve Levy, he announced in May 2011 that he would run for Congress again in 2012.[39] He faced George Demos in the primary.[40] The National Republican Congressional Committee named Altschuler to their "Young Guns" list of the top Republican candidates in the country.[41] Altschuler secured the nomination of the Independence Party, which had delivered Bishop 7,370 votes in 2010.[42]

Altschuler's campaign collected well over 6,000 signatures to nominate him as the Republican, Conservative and Independence Party candidate in 2012, vastly surpassing the 938 required by law.[43] Altschuler's only rival for the nomination left the race in May 2012.[44] In the election, Altschuler was again defeated by Bishop, this time by around 11,000 votes.

Young Guns

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Altschuler was awarded membership in the exclusive GOP "Young Guns", a select group of young candidates chosen by Majority Leader Eric Cantor and Majority Whip Kevin McCarthy.[45]

Personal life

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Randy Altschuler is married to Cheryl Sladkin,[1] a professional ballet dancer turned pediatrician. She was a classmate from Princeton, where they met.[citation needed] Cheryl was born in Thailand.[46] They have two sons, Noah and Matthew, and a daughter Sasha. The family lives in Potomac, Maryland.[citation needed]

References

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  1. ^ a b c The New York Times (June 7, 1998). "WEDDINGS; Cheryl Sladkin, Randolph Altschuler".
  2. ^ Republican Congressional Primary: An Embarrassment of Riches. Indyeastend.com (August 4, 2010). Retrieved 11 November 2010.
  3. ^ "Randy Altschuler for Congress – About Randy Altschuler". Randyaltschuler.com. Retrieved August 23, 2010.
  4. ^ Randy Altschuler, Chairman. CloudBlue. Retrieved 11 November 2010.
  5. ^ Taulli, Tom (July 2, 2021). "Xometry IPO: Looking To Be The Airbnb Of On-Demand Manufacturing". Forbes. Retrieved July 12, 2022.
  6. ^ a b "CNN In the Money Transcript", CNN in the Money, February 28, 2004.
  7. ^ Springsteel, Ian and Judy S. Kuan "Showing Its Stripes; The Evolution of an Outsourcing Pioneer; A conversation with Office Tiger's Randy Altschuler", Offshore Business Sourcing Special Report on Law & Strategy
  8. ^ India's OfficeTiger: Hear It Roar, Business Week, July 11, 2005. Bloomberg BusinessWeek. (July 11, 2005). Retrieved 11 November 2010.
  9. ^ OfficeTiger to up headcount by 25%, The Economic Times (The Times of India), September 1, 2006.
  10. ^ "CloudBlue Technologies, Inc". Bloomberg Businessweek. Archived from the original on October 13, 2012. Retrieved June 13, 2011.
  11. ^ a b "Altschuler Concedes House Race to Bishop". The East Hampton Star. December 9, 2010. Retrieved June 13, 2011.
  12. ^ http://phx.corporate-ir.net/phoenix.zhtml?c=98566&p=irol-newsArticle&ID=1859987, Ingram Micro Sep 30 press release
  13. ^ "Manufacturing on Demand". www.xometry.com.
  14. ^ "DC Tech: Inside Md Startup Xometry, Amazon for Manufacturing | DC Inno". dcinno.streetwise.co. Archived from the original on March 10, 2016.
  15. ^ Randy Altschuler Campaign. "Press Room".
  16. ^ a b "Election Night Tally of Republican primary votes". Co.suffolk.ny.us. Retrieved November 19, 2010.
  17. ^ Haberman, Maggie. (October 22, 2010) Giuliani for Altschuler – Maggie Haberman. Politico.Com. Retrieved 11 November 2010.
  18. ^ Levy For Altschuler. Capitaltonight.com (September 27, 2010). Retrieved 11 November 2010.
  19. ^ Mitt Romney's Empire State Endorsements. Daily News (New York).com (September 20, 2010). Retrieved 11 November 2010.
  20. ^ a b c "Altschuler Trails Bishop". The East Hampton Star. October 14, 2010. Retrieved November 20, 2010.
  21. ^ "Altschuler Raises $256K, Kicks In $500K, Gets Cantor Nod (Updated)". Capitaltonight.com. July 12, 2010. Retrieved August 23, 2010.
  22. ^ "Gingrich picks sides in N.Y. House primary – Maggie Haberman". Politico. Retrieved August 23, 2010.
  23. ^ Randy Altschuler for Congress – Congressman Pete King Backs Altschuler. Randyaltschuler.com (September 23, 2010). Retrieved 11 November 2010.
  24. ^ Brune, Tom (July 16, 2010). "Senor's support for a half-dozen GOP House hopefuls". Newsday. Retrieved August 23, 2010.
  25. ^ Haberman, Maggie (June 26, 2010). "Senor, Long, Faso raise for N.Y. House hopefuls". Politico. Retrieved August 23, 2010.
  26. ^ "Randy Altschuler for Congress – American Conservative Union PAC Endorses Altschuler". Randyaltschuler.com. May 7, 2010. Retrieved August 23, 2010.
  27. ^ "Randy Altschuler for Congress – Former Rep. John LeBoutillier Endorses Randy Altschuler for Congress". Randyaltschuler.com. July 14, 2010. Retrieved August 23, 2010.
  28. ^ "Randy Altschuler for Congress – Riverhead Supervisor Sean Walter Endorses Randy Altschuler for Congress". Randyaltschuler.com. August 12, 2010. Retrieved August 23, 2010.
  29. ^ "Randy Altschuler for Congress – Riverhead Town Councilman John Dunleavy Endorses Randy Altschuler for Congress". Randyaltschuler.com. June 29, 2010. Retrieved August 23, 2010.
  30. ^ "Randy Altschuler for Congress – Dr. Cecile Forte Endorses Randy Altschuler for Congress". Randyaltschuler.com. June 21, 2010. Retrieved August 23, 2010.
  31. ^ "Randy Altschuler for Congress – Southampton Councilman James Malone Endorses Altschuler for Congress". Randyaltschuler.com. May 11, 2010. Retrieved August 23, 2010.
  32. ^ "Randy Altschuler for Congress – Jane Bonner Endorses Randy Altschuler for Congress". Randyaltschuler.com. November 12, 2009. Retrieved August 23, 2010.
  33. ^ Haberman, Maggie (September 9, 2010). "Rush pro-Demos in NY-1, Unloads on Cox and Altschuler". Politico. Retrieved February 13, 2011.
  34. ^ Benjamin, Liz (September 9, 2010). "Limbaugh invokes NY-23 for 'Rush Baby' Demos". Capital Tonight. Retrieved February 13, 2011.
  35. ^ "N.Y. House race back in play for GOP". Politico. Retrieved November 19, 2010.
  36. ^ "Altschuler concedes race to Rep. Bishop". Newsday. Retrieved December 8, 2010.
  37. ^ "Suffolk County Board of Elections: Official Results". Archived from the original on November 6, 2010.
  38. ^ "Other News – Altschuler: "I Don't Look Back With Regret"". 27east. Retrieved December 16, 2010.
  39. ^ "Altschuler Will Vie for Bishop's Seat in 2012 | The Sag Harbor Express". sagharboronline.com. Archived from the original on June 9, 2011.
  40. ^ "Altschuler Earns Party Support Ahead of Primary - Miller Place-Rocky Point, NY Patch". millerplace-rockypoint.patch.com. Archived from the original on June 7, 2012.
  41. ^ "Randy Altschuler Makes NRCC 'Young Guns' List". Daily News. New York.
  42. ^ "1st C.D.: Altschuler snatches Indie nod away from Bishop". Newsday. Retrieved July 2, 2021.
  43. ^ "More Than 6,000 Republicans Sign Altschuler Petitions | LIpolitics.com : Long Island's Political Network". www.lipolitics.com. Archived from the original on March 4, 2016.
  44. ^ "Demos quits; Altschuler will get GOP nod in 1st C.D. (Updated)". Newsday. Retrieved July 2, 2021.
  45. ^ "On the Radar". NRCC Young Guns.
  46. ^ "Road Test: Cool Options For Hot Workouts". Pointe Magazine Online. Retrieved June 13, 2011.
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Party political offices
Preceded by Conservative Party of New York nominee for New York's 1st congressional district
2010 		Succeeded by
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Preceded by Republican nominee for New York's 1st congressional district
2010 		Succeeded by
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