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About DEV

DEV (Digital Entertainment Ventures) is a New York-based firm that provides guidance, seed and early stage capital to companies that are transforming media and entertainment.  Its clients and portfolio companies span music, TV, film, games, publishing and social media.  They use innovative advertising, promotional and technology platforms, and the latest devices from Internet-enabled TVs to tablets to mobile handsets.

A radical transformation in media and entertainment is underway, and is uniquely linked to New York City.  The city’s traditional media businesses have been battered by the decline of CD, newspaper and magazine sales, the flattening of pay TV subscribers and DVD sales, and the explosion of mobile devices that enable the consumption of digital media.  This has also created unprecedented opportunity for smart digital solutions.  Many of these new models are evolving in New York City’s flourishing startup ecosystem, which has benefitted from an influx of traditional media talent.  DEV is committed to fostering the growth of these next generation companies.

Led by experienced digital media executive Alan McGlade and former entrepreneur and venture capitalist Michael Yang, DEV supports its portfolio companies with a high level of involvement.  The DEV team takes an active role in business plan development, financial modeling, market analysis, IP and go-to-market strategy.

DEV offers investors a unique opportunity to invest in promising early stage, high growth companies, some of which may be fully owned and incubated by DEV.  Using New York City as a geographic focus, DEV portfolio companies are vetted and guided by McGlade, Yang and a team of experienced advisors from media and entertainment.

DEV’s fund has made initial investments in several companies including web-based live music platform Stageit and mobile gaming company Mad Humans.  Stageit was launched in the fall of 2010 by CEO and music industry veteran Evan Lowenstein, who has nearly 20 years of experience as a recording artist, award-winning writer and executive.  Mad Humans was a DEV-incubated concept; the game will launch prior to the upcoming presidential election.

Alan McGlade has over two decades of experience in taking companies from early conceptual stage to significant market player in television and digital media. For the last nine years he was the Chief Executive and a member of the Board of Directors of MediaNet, an early player in providing legal digital music downloads.  Prior to MediaNet, he was CEO of interactive music video channel Video Jukebox Network (The Box Music Television), which he sold to MTV in 2001. He was also the President of targeted cable advertising and marketing companies StarNet and Adlink.

Michael Yang has extensive experience as a venture capitalist and entrepreneur.  He is currently a senior venture/funds formation attorney.  Previously he was a venture capitalist for Divine Interventures and Sandbox Strategies, both in Chicago.  In 1999, he founded and served as CTO for enterprise resource collaboration platform Redmind, which he sold to Ikimbo in 2001.

The DEV Executive Council includes Joseph Saviano, partner and chief financial officer of NY-based private equity firm Baker Capital; D. Walker Wainwright, founder and chief executive officer of independent financial advisory firm Wainwright and Co. LLC; and Alan Goodstadt, partner at NY-based boutique investment bank Redwood Capital.

For more information, visit www.devny.vc.

 

Executive Bios

Alan McGlade – Co-Founder and Co-Managing Director

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 – Co-Founder and Co-Managing Director

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.

 

Dick Wingate, Principal, DEV Advisors

With more than three decades of experience in the music and interactive media industries, Dick Wingate recently served as the General Manager, East Coast Business Development for TAG Strategic, a digital entertainment consultancy, providing business development, content licensing, strategic partner and distribution strategy.  Prior to that,  he was President, Media Development & Chief Content Officer for Nellymoser Inc., one of the earliest providers of rich media mobile applications, Clients included major media companies and wireless service providers such as Sony, Warner Music, AT&T, Virgin Mobile, ABC Television, MTV Networks and Rodale.

Wingate helped pioneer the digital music business during his years as SVP, Content Development, at Liquid Audio, Inc. Liquid Audio developed the first end to end secure digital music platform. He played an integral role in bringing the company public in 1999 and was responsible for managing music licensing and business development, label relations, affiliate management and content programming. He licensed the catalogs of thousands of labels, including major labels Universal, Warner, EMI and BMG (for most of which it was their first catalog-wide digital license) and oversaw the Liquid Music Network, which included Tower Records, Amazon, CDNow, Best Buy, Barnes and Noble, Borders and Music Boulevard.

He has also served as President, Content & Programming for Digital Transaction Machines, Inc., an interactive systems provider for in-store delivery of digital products for clients including McDonald’s and 7-Eleven.

Wingate’s in-depth experience in the recorded music industry includes positions as SVP, Marketing, Arista Records (BMG); SVP, A&R PolyGram Records; Director of Talent Acquisition, Epic Records; and Director of Product Management, Columbia Records. Mr. Wingate started his career at WBRU-FM in Providence, RI, as Music and Program Director while still at Brown University. He has been integrally involved with the career development of artists such as Bruce Springsteen, Elvis Costello, Peter Tosh, Aimee Mann, Pink Floyd, Bon Jovi, Robert Cray, Sarah McLachlan and Eddy Grant.

Mr. Wingate was one of the earliest music industry supporters of digital interactive media, and in the early 90′s held the position of VP of Market Development for Intouch Group, developer of the i-Station, the first networked, interactive music- previewing kiosk for record stores.

Mr. Wingate has spoken at numerous industry events, including: CTIA, MEFCON, Digital Music Conference, Billboard Live, Jupiter Plug-In, Webnoize, CMJ, Midem, Bear Stearns, Credit Suisse, Business Week, SXSW, Interactive Music Expo and Gavin conferences. He has been the subject of a feature article in the NY Times Sunday Business section, a front page LA Times article as well as quoted in the Wall St. Journal, Time Magazine, USA Today, the NY Times Magazine and Billboard Magazine. In addition, in 2000 he was selected as a representative of NYC’s Silicon Alley to meet President and Mrs. Clinton and five U.S. Senators. He is a member of the National Academy of Recording Arts and Sciences and board member of numerous companies.