Former president and chief executive of About.com Scott Meyer has joined Warburg Pincus as an entrepreneur-in-residence in the firm’s technology, media and telecom practice.
Meyer will focus on sourcing growth equity investments in the internet media space. “On the consumer media side there are still tremendous opportunities to bring together high quality content and deliver solutions for advertisers,” he told PEO.
About.com is an information and advice website bought by The New York Times Company for $410 million in 2005 at which time Meyer was appointed to lead the company. Previously, he was general manager of The New York Times on the Web and vice president of strategic planning at The Boston Globe.
“That next opportunity for what I wanted to do really wasn’t available at About.com or at The Times Company,” said Meyer. Since departing About.com on 6 March, he has been engaged in advisory work for “very early stage companies”.
“I was fortunate to have discussions with a number of other private equity and venture capital firms about an entrepreneur-in-residence role but Warburg was always my top choice”, said Meyer who noted Warburg’s multi-stage approach to private equity.
The Warburg team looks at deals in stages of development from venture to buyout within a single fund. The firm closed its tenth private equity fund on $15 billion in April.
Meyer’s hire brings the firm’s total number of executives serving as either senior advisors or entrepreneurs-in-residence to four. He joins former chief executive of Liz Claiborne Paul Charron, former president of Verizon Communication Lawrence Babbio and Lars Ekman, former president of research and development at drug development company Elan.