Shane Skinner, MBA '08
Graziadio Spotlight Stories
Solving an Industry Problem
For over 16 years I worked across the United States and Europe for Enterprise Holdings, the largest car rental company in the world. At Enterprise, we used paper forms and pictograms to document the condition of vehicles throughout the rental process; however, this system created several issues. Not only did Enterprise miss damages which cost the car-rental-industry millions of dollars each year, but we also charged customers for damages that they didn't even cause. Most importantly, we had no sense of our product quality.
I developed Record360 to solve industry problems such as these. Launched in spring 2015, Record360 is a mobile app designed to help companies that rent, lease, or move tangible assets to collect credible condition records of those assets, decreasing damage disputes and costs. Record360 is shared by countless industries and has customers all across the world. We are helping businesses solve real problems.
Leading a Startup in Seattle
I can't imagine a better city to start a technology company than Seattle—it's one of the fastest growing cities in the U.S. for a reason. With Amazon and Microsoft headquartered in the Seattle, Record360 is definitely among good company. And the startup community is well supported by angel investing groups like Alliance of Angels and Bellingham Angels. There are countless networking opportunities including Seattle Startup Week, a five-day conference that builds momentum and several opportunities around entrepreneurship.
Invest In Others
The Alliance of Angels is the largest and most active angel group in the Pacific Northwest, and invests more than $10 million each year in over 20 startups. As a member of the Alliance of Angels, I invest in high-quality startups alongside veteran entrepreneurs and senior business leaders. Pepperdine taught me to give back and expand my reach beyond my inner circle. By investing in other startups I am able to expand my influence and collaborate with other industry stakeholders.
Going Back to School
My undergraduate degree provided a great educational foundation and Enterprise gave me quality on-the-job training which allowed me to reach a senior management position at a young age. Despite that, I knew there were opportunities that I could only pursue with an advanced degree, and more importantly, an outside perspective. That's why I chose to go back to school and pursue my MBA at Pepperdine. The school's commitment to integrity combined with its reputation for providing "real world" teachings made it an obvious choice to pursue my MBA.
Seeing the ROI of my MBA
My Pepperdine MBA significantly impacted my career. I can honestly say that I took something back from every single class and applied it to my operations while working at Enterprise. From organizational behavior to statistical modeling, my professors provided me with "real work" tools and perspectives that helped me become a better leader and manager within my operations. These teachings have continued to be instrumental for me as I move from a large multi-billion-dollar organization to starting my own tech company.
Advice for Prospective Graziadio Students
Take full advantage of your professors—they are your biggest resource. Ask lots of questions, take notes, and soak in everything they have to offer. Also, remember to network—network—and I mean NETWORK with your fellow students as much as possible; they may become influential connections to have later in your career. Your professors and peers are two of the most valuable assets you will obtain while earning your MBA.
I was recently named one of Seattle's top ten startup founders over 40 by Tech.Co, which was an incredible honor. I think having a reputation of high integrity is likely the foundation of the recognition—that along with a track record of building a great team and following through with execution and results.
Looking ahead, I can see Record360 being acquired within the next 5 years. We have significant revenue growth, customers, and data which would be valuable to a number of potential acquirers. I would then have the flexibility to focus on teaching, mentoring other entrepreneurs, and spending more time supporting the Special Olympics and other non-profit organizations of interest.