Richard Parsons, Former Time Warner CEO Launch New VC Firm

By: Errol Mars

Richard Parsons

Richard D. Parsons, senior advisor to Providence Equity Partners, former chairman of Citigroup, and the former chairman and CEO of Time Warner and business partner Rachel Lam who founded the Time Warner Investments group 2003 has launched a new venture capital firm. 

Imagination Capital plans to invest into early-stage startups, writing checks of $500,000 or less in seed rounds. Mr. Parsons and Ms. Lam will target 20 to 25 investments in digital media, machine learning, big data, and esports companies over the next three years. Imagination Capital has already backed an esports startup called Boom.tv alongside existing investors First Round, Crosslink and Tandem Ventures.


Latest Profiles

  • Richelieu Dennis

    Richelieu Dennis

    Born: Liberia; Position: Founder, CEO; Company: Sundial Brands; Industry: Personal Care; Country: United States

  • Steve Stoute

    Steve Stoute

    Born: June 26, 1970, Queens, New York City, New York; Position: Founder, CEO; Company: Translation LLC. ; Industry: Marketing and Advertising; Country: United States

  • William James Adams

    will.i.am

    Born: March 15, 1975, Eastside, Los Angeles County, California, USA; Position: CEO & co-founder; Company: i.am+ ; Industry: Information Technology and Services; Country: United States

Latest Articles