About Dan Borislow
Daniel Marc Borislow was an American entrepreneur, sports team owner, inventor, and thoroughbred horse breeder. Borislow was born and grew up in Philadelphia, Pennsylvania, and attended Widener University. In 1989, he founded Tel-Save, Inc. to resell access to AT&T long distance lines. Borislow took the company public in 1995, and two years later brokered a $100 million deal with AOL at the "Cafe L’Europe," Palm Beach. In early 1998, Tel-Save had sales of $300 million and was valued by Wall Street investors at $2 billion. However, due to the financial strain of paying off the AOL deal, Tel-Save lost $221 million in 1999, and Borislow sold his stock for approximately $300 million and retired. In 1989, Borislow founded Tel-Save when he was in his 20s to resell access to AT&T long distance lines. Invented in 2007, the magicJack is a small product that is plugged into a computer's USB port and allows for unlimited calling from regular telephones. After selling most of his horses in 2004, Borislow set forth plans for a new voice-over-IP business which became the magicJack.
Biography source: Wikipedia. The profile adds birthday-specific historical context from the Celebs Birthday Today editorial database.