Michael Ovitz

Investment Partner , Angel

Overview

Gender
male
Investor Type
Investment Partner,Angel
Investor Stage
Seed

Michael Ovitz co-founded Creative Artists Agency (CAA) in 1974 and served as its Chairman until 1995. Over that 20-year period, he grew the agency from a start-up organization to the world’s leading talent agency, representing more than 1,000 of the most notable actors, directors, musicians, screenwriters and other personalities in the entertainment industry including Martin Scorsese, Sean Connery, Robert Redford, Paul Newman, Robert DeNiro, Al Pacino, Bill Murray, Dustin Hoffman, Steven Spielberg, David Letterman, Meryl Streep, Barbara Streisand, Michael Crichton and Michael Jackson.

In his journey from the mailroom to media mogul, Mr. Ovitz launched the most powerful agency in the world (to date), sold three major Hollywood studios, executed all marketing and advertising for The Coca-Cola Company (including creating the Polar Bear Campaign) and was at the forefront of the digital revolution, making alliances with Intel Corporation and other early Silicon Valley companies. Mr. Ovitz also served as President of the Walt Disney Company, from October 1995 to January 1997.

In 2010, Mr. Ovitz founded the venture capital fund Broad Beach Ventures LLC, a portfolio of over thirty companies. He has been a senior advisor to Palantir Technologies for over 10 years and has invested in and advised companies from startups to black swans. He was instrumental in the creation of venture capital firm Andreessen Horowitz and frequently consults for Founders Fund, 8VC and many other firms. In 2018, Mr. Ovitz wrote and published his memoir Who Is Michael Ovitz?, which was on the long list for The Financial Times and McKinsey Business Book of the Year Award.

Mr. Ovitz is a graduate of University of California, Los Angeles and helped rebuild the UCLA Medical Center in 1997 while serving as its Chairman for over a decade. Mr. Ovitz is also a notable art collector and serves on The Board of Trustees at The Museum of Modern Art in New York City.

Personal Investments

Number of Investments
17
Michael Ovitz has made 17 investments. Their most recent investment was on Dec 6, 2021, when Nearside raised $58M.
Date Company Name Round Money Raised Industry
Oct 11, 2022 Stairwell Series B $45M Cyber Security Detail
Sep 27, 2022 Kumo.AI Series B $18M Artificial Intelligence Detail
Aug 9, 2022 CreatorDAO Seed $20M Cryptocurrency Detail
Jun 28, 2022 Tenet Seed $18M FinTech Detail
Jun 1, 2022 WorkOS Series B $80M Developer APIs Detail
May 9, 2022 Irreverent Labs Series A $40M Artificial Intelligence Detail
Apr 21, 2022 Kangaroo Seed $3.30M Blockchain Detail
Apr 13, 2022 MoonPay Series A $87M Financial Services Detail
Dec 6, 2021 Nearside Series B $58M Financial Services Detail
Sep 21, 2021 DeSo Foundation Seed $200M Blockchain Detail
Aug 12, 2021 Kojo Series B $33.30M Commercial Detail
Jun 17, 2019 Clockwise Series A $11.30M Enterprise Software Detail
Dec 1, 2018 Newfront Series B $30M Commercial Detail
Aug 10, 2018 Wonderschool Series A $20M Child Care Detail
Oct 23, 2017 Cloud9 Series A $25M eSports Detail
Nov 4, 2015 Karat Seed $2.30M Information Technology Detail
Nov 1, 2011 GoodRx Seed $1.50M Health Care Detail