Founder and Chairman, NEW Customer Service Companies
In 1983, Mr. Schaufeld founded NEW Corp. (now NEW Asurion Corp.) with a $79 investment. NEW Asurion is now the world’s largest consumer product protection company, employing over 16,000 people throughout the globe.
In 2006, Mr. Schaufeld founded SWaN Investors (predecessor to SWaN & Legend) with Tony Nader and Cliff White. Mr. Schaufeld sits on the boards of Fund investments American Honors College (Quad Learning), Anonymous Content, Capital Sports Ventures, CustomInk, KIND Healthy Snacks, Social Radar and José Andrés Think Food Group. He is a partner in Monumental Sports and Entertainment, the owner of the Washington Wizards, Capitals and Mystics, as well as the Verizon Center, and a partner in the Washington Nationals. He was an Executive Producer of the film “Breakup at a Wedding.”
He is a recipient of Ernst & Young’s “Entrepreneur of the Year” award. Under his leadership, NEW was recognized by Inc. Magazine in its “Inc. 500” list of the fastest growing private companies. He is the patent holder of the Rigid Insurance Form. He is a member of the Economic Club of Washington, DC and the World Presidents’ Organization. He is a Founder and past President of the Service Contract Industry Council (SCIC). He has lectured to business groups and colleges. He has been quoted extensively in numerous publications; and has appeared on CNN and NPR.
He and his wife, Karen, live in Virginia and are active in organizations dedicated to early childhood development, literacy, health, environment, peace and the arts. He sits on the boards of a number of non-profit organizations including: Fight for Children and the One Voice Movement. He is a member of Venture Philanthropy Partners and is an active supporter of the Schaufeld Family Heart Center of the Inova Loudoun Hospital, the Fredrick D. and Karen G. Schaufeld Lower School of Loudoun Country Day School, Leesburg, VA and the United Way Fredrick D. Schaufeld Scholarship program, Westbury, NY.
He received his BA in Government from Lehigh University.