Latest Press Releases
- DEV Korea Discovery Fund Announces Investment in Next Eight Korean Startups
- Digital Entertainment Ventures Announces Four More Companies Chosen for DEV Korea Discovery Fund Investment
- Digital Entertainment Ventures Expands to South Korea and Forms DEV Korea Discovery Fund
- Digital Entertainment Ventures Announces Initial Six Companies Chosen for DEV Korea Discovery Fund Investment and Accelerator Program
Launched in April 2012 and headquartered in New York City, DEV provides guidance, seed and early stage capital to companies building the next generation of digital services that are transforming media and entertainment. DEV is managed by seasoned media and venture executives Alan McGlade, Michael Yang and Swatick Majumdar and its Venture Partner, Damian Manning. Recent successes include the acquisition of early DEV Fund investment Human Demand by IgnitionOne. In 2014, DEV established offices in South Korea to better take advantage of its growing creative economy and spring-board investments to the global stage. Visit DEV on the web at www.devny.vc.
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.
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.