We invest seed stage capital in startups and early stage capital in companies that are on a roll. Here are some of the things we look for:
Your business should represent a transformative trend in media and entertainment, and the product you are selling should fill a genuine gap or need in the marketplace.
You should be able to validate your business concept and identify several natural exit opportunities.
Key developmental milestones should be achievable at low cost and your product should have the potential to reach significant scale.
Your management team should have prior operating experience and include thought leaders in their field.
You should have a strong presence in New York City and our team should be able to add value.
We offer consulting and advisory services by a team with extensive experience in building companies and monetizing digital media. Our expertise includes:
Strategic business development.
Content licensing and rights negotiation.
Introductions to key executives in media and entertainment.
Business plan and investment presentation development.
Investment and fundraising strategy.
Alan McGlade is a founder and Managing Director of DEV. He is a current advisor and investor in several media companies and a member of the ARC Angel Fund. Mr. McGlade has over two decades of experience in taking companies from early conceptual stage to significant market player in television, and digital media with an emphasis on music.
For the last nine years Mr. McGlade was the Chief Executive and a member of the Board of Directors of MediaNet. The company powered music and media delivery in five territories in the US and Europe for many of the best known names in the business including AOL, Yahoo, HMV, Virgin, Samsung, Tesco, MTV, Microsoft's Zune and Google.
Prior to running MediaNet, Mr. McGlade worked at MTV Networks. He joined the company after selling them the contactive music video channel, Video Jukebox Network (The Box), where he served as CEO for five years.
Prior to his tenure at The Box, Mr. McGlade was the president of StarNet, which provided targeted cable marketing using a national satellite delivery system. Before that McGlade was the founder and president of Adlink, the largest cable advertising interconnect in the country.
Mr. McGlade's commentaries have appeared in Billboard, Forbes and Multichannel News, among others, and he has appeared on CNBC, CNN Business and PBS.
Michael Yang is a founder and Managing Director of DEV and a senior venture/funds formation attorney at a top law firm based in NYC. Mr. Yang graduated with a JD and an MBA from Northwestern University, an MS degree in Software Engineering and Database Design from Depaul University and a BS degree from the University of Chicago.
Mr. Yang was previously a venture capitalist for Divine Interventures and Sandbox Industries both based in Chicago. Divine Interventures was a publicly traded venture accelerator that invested in over 53 companies and went public on NASDAQ in mid-2000 under the stock symbol DVIN having raised more than $391 million (including private placements from Microsoft, Compaq, Hewlett-Packard, Level 3 and CMGI). Sandbox is a new business incubator and early-stage venture capital firm located in Chicago founded by former executives of Monsanto/Pharmacia. Sandbox launches new businesses and invests in seed stage software and tech-enabled businesses. The firm has an exclusive relationship with Blue Cross and Blue Shield to manage a corporate venture fund that invests in healthcare technology and technology-enabled services. Mr. Yang led a number of early stage investments for Divine and Sandbox over a 3 year period.
Swatick Majumdar is a Managing Director of DEV. Previously he was with Chatsworth Securities, a Greenwich, CT based boutique investment bank. At Chatsworth Mr. Majumdar focused his investment banking activities on the US-India corridor where he helped execute numerous successful financings in various sectors including Technology, Media and Telecommunications, Renewable Energy, Biotechnology and Medical Devices.
Mr. Majumdar has also held key positions at Janney Montgomery Scott, LLC and Josephthal & Co. He was also an entrepreneur and founder of Riverhead Sports Management, a hospitality and entertainment company. Swatick has been sought out as a speaker, a panelist and a moderator at industry events in the US, India and the United Arab Emirates.
Mr. Majumdar received his Masters Degree in Applied Economics from University of Lucknow, India and a Masters Degree in Computer and Management Information Systems from University of Central Texas (A&M Central Campus). He has been active as an advisor in the start-up evolution of companies and brings a wealth of global relationships, expertise and operating history to the team at DEV.
Damian Manning is a Venture Partner with DEV, a technologist, angel investor and serial entrepreneur with 20 years of commercial innovation and a dedication to creating groundbreaking online experiences for consumers. With his latest venture Hifi, Damian leverages the passion that fans share for music to transform the digital media landscape.
Previously, Damian was co-founder, CEO and principal architect of Echospin, whose pioneering solutions enabled rights holders to sell digital, physical and mobile goods directly to fans. Acquired in 2010, Echospin powered campaigns for the world's chart-topping artists, generating millions in revenue for the major labels, Disney and Live Nation, among others.
Earlier in his career, Damian served as Managing Director for Digital Strategy Partners and VP, Digital Media for MTV Networks, where he led global digital strategy when MTV was the top music destination in the world. Damian mentor at ERA and Golden Gate Ventures, and advisor to multiple high-profile startups, including Everest, Moontoast and Signal360.
Peter Sung is a Director at DEV Korea Discovery and an Associate with DEV. Previously he was an investment professional at Ilshin Investment in Seoul, South Korea where he focused his venture capital investment activities in green technology, IT, and internet/mobile. Peter graduated with a BS in Mechanical Engineering from MIT and serves as an Educational Counsel for the institution.
In Seoul, Peter partnered with Korea's Small and Medium Business Administration (SMBA) in developing a strategic overview of Korea's VC market as a part of a collaborative initiative with the Jordanian government. Peter also collaborated also with Ilshin Investment's executive team in a successful bid to win Godiva's master franchisee license for Korea.
Prior to working at Ilshin Investment, Peter worked at ConvenientPower, a wireless charging technology company and founding member of the Wireless Power Consortium.
With more than 30 yrs of experience in the music and interactive industries, Dick Wingate is Principal at DEV Advisors and acts as a bridge between the technology and entertainment industries -- providing digital business strategy, content acquisition and licensing, access to key relationships, market and product development.
Previously he was GM Business Development for TAG Strategic, a digital entertainment consulting firm.
He has served as President, Media Development & Chief Content Officer for Nellymoser, an early provider of rich media mobile applications.
Wingate pioneered the digital music business during his years as SVP, Content Development, at Liquid Audio, Inc., playing an integral role in the company's 1999 IPO, and was responsible for managing music business development, label relations, affiliate mgmt & music programming.
He has also served as President, Content & Programming for DTM, Inc., an interactive systems provider for in-store delivery of digital products for clients incl McDonald's & 7-11.
Wingate's experience in the record industry includes positions as SVP, Marketing, Arista Records (BMG); SVP, A&R, PolyGram Records; Director, Talent Acquisition, Epic Records; and Director, Product Management, Columbia Records.
He was one of the earliest music industry supporters of digital interactive media in the early 90's, helping to develop the i-Station, the first networked, interactive music-previewing kiosk for record stores.
He has spoken at industry events, incl: CTIA, Digital Hollywood, Chief Digital Officer Summit, Digital Music Forum, Billboard Live, Jupiter Plug-In, CMJ, Midem, Bear Stearns, Credit Suisse, Business Week & SXSW conferences. He has been featured in the NYTimes Sunday Business section, the LA Times, and quoted in the WSJ, Time, USA Today, NYTimes Magazine and Billboard.
John Ason has been a professional angel investor for over 16 years specializing in early stage pre-revenue companies. He has made over forty eclectic investments in the areas of e-commerce, technology, advertising, digital social media and entertainment.
Val Katayev is a digital pioneer and entrepreneur who has created and led three successful start-up companies to hyper-growth. His fourth and most recent company, ToneMedia, is a leader in audience targeting reaching over 120 million visitors globally.
Janny Lee is a Partner at RedBadge, a venture capital investment corporation. Ms. Lee previously worked at Redwood Capital Group, Primedia, Inc., Banc of America Securities LLC and Goldman Sachs Group, Inc. She was also among the founding group of a financial software company that was backed by Goldman Sachs Ventures.
Sandbox is a boutique firm focused on media strategy for videogames and tech. The company was founded in 2005 by three industry veterans, Bill Linn, Rob Fleischer, and Corey Wade, and lists industry leaders Activision, Sega, Remedy, Codemasters, and CCP as clients. The Sandbox partners also run Pickle King Productions, which executive produces smartphone and tablet videogames.
Joseph R. Saviano joined Baker Capital in 1997 and serves as its Chief Financial Officer. He has twenty years of financial and investment management experience, including seventeen years in private equity.
Prior to joining Baker Capital, Mr. Saviano served as a Vice President at Harvest Partners, Inc. and, from 1992 to 1996, served as controller for the private equity funds of Apollo Advisors, L.P. Mr. Saviano earned a BS in Finance from Lehigh University and an MBA from Fordham University.