Education
Spain attended the University of Chicago and graduated with a bachelor of arts degree in Ancient Roman in 1974. He worked for Gladstone Associates, now part of Accenture from 1974 to 1977 before attending law school at Boston University whence he graduated in 1979.
Career
He also founded and was Chief Executive Officer of HighBeam Research. Intrigued by the opportunities at the emerging intersection of information and technology, following graduation and went to work as an associate counsel for Extel Corporation, a telex manufacturer. At the university he met Gary Hoover.
Spain worked for Extel for ten years in various positions including General Counsel, VP of Administration, and VP, Mergers & Acquisitions.
Spain gave some initial capital to Bookstop, a company founded by Hoover. Starting out with a printed directory profiling 540 of the largest and most important companies in the world, the company soon moved quickly to electronic distribution.
Hoover"s concluded licensing deals with Lexis-Nexis, Bloomberg and most importantly to its future, in 1993 with America Online. with the wide exposure provided by America Online and in 1994 its Web site. www.hoovers.com the profiles online and the company took off, growing at a rapid pace and going public in 1999. Spain was Chief Executive Officer from 1992 to 2001 and chairman from 2001 to 2002.
He left as chairman of Hoover"s in 2002, remaining on the Board until Hoover"s was sold to Dun & Bradstreet in 2003.
In 2002, Spain started what would become HighBeam Research, which is an online subscription research service that allows users access to tens of millions of articles from thousands of newspapers, magazines, and journals. He sold HighBeam in December 2008 to Cengage Learning. Spain created Newser within HighBeam but then separated it prior to the sale of HighBeam.
Newser is an advertising-based online news site that curates and summarizes news in a highly visual format.
lieutenant has an audience of approximately 4 million readers. Between 2006 and 2012 Spain sat on the boards of GuideStar, an innovator in transparency matters regarding the non-profit industry, and SmartAnalyst, a company that provides sophisticated and customized analyses for the life sciences industry.
He is also on the board of Community Health, the largest free health clinic in Chicago and a Governor of Opportunity International, the oldest and largest microlender in the world. His father, James West. Spain, was a career foreign service officer and a United States. ambassador to Tanzania, Turkey, and Sri Lanka.
Spain was born in Pakistan and grew up Turkey and Washington, District of Columbia. Spain lives with his two teenage daughters in the Chicago area.