Connect Ventures, From the CAA, Adds to Leadership
Connect Ventures, the venture capital arm of
the CAA, has built out its leadership team further. Brandon Blake, our
entertainment attorney from Blake & Wang P.A, tells us more about the
change.
Post-Expansion Leadership
Connect Ventures was the CAA’s first expansion
into venture capital, founded in 2020 as a joint venture with New Enterprise
Associates. It works as an investment vehicle, helping to start up and grow
early-stage consumer businesses not just for media and entertainment, but also
sports, gaming, health and wellness, and e-commerce.
Their team is now joined by both Nicole Quinn
and Michael Blank as managing partners, while Adam Friedmann from the CAA joins
as a venture partner. He will be their daily lead for both Hollywood talent
management and sports representation.
NEA Remains
New Enterprise Associates remains as a
partner, although together with the CAA, this is something of a relaunch of the
firm to be a proper new entrant into venture capital, hoping to put the CAA’s
global relationships to work, as well as leaning on its sports and
entertainment expertise.
Friedmann has been on the CAA team since 2012
and was one of the key people behind securing the New Enterprise Associates
partnership to start with. Quinn, meanwhile, has spent the last decade at
Lightspeed Venture Partners, where she moved from retail and internet at Morgan
Stanley. The joint venture is hoping to put that experience in investment to
work for them.
Blank, meanwhile, departed CAA late last year,
having been there for 15 years, finishing as the head of consumer investments.
He has done considerable work with the venture capital company from its first
days, so his shift into leadership is anything but surprising. He will act as
the agency’s primary representative for the new firm.
With these two additions, it’s clear that
Connect Ventures is hoping to achieve big things. Hopefully, some fresh
leadership and expanded experience will be exactly what the firm needs for
success.
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