Industry Moves: Former About.com CEO Scott Meyer Joins Warburg As EIR; Focus on Mid-Market
This story was written by Rafat Ali.
Scott Meyer, the former CEO of About.com who left the company in February this year, is joining private equity firm Warburg Pincus, as Entrepreneur-in-Residence, starting today. Meyer will be based in New York City, and will be looking at primarily middle market/growth equity companies in the Internet and media space that he could bring in and lead.
Warburg has $35 billion under management and, since inception about 40 years ago, has invested $29 billion in more than 600 companies. It has been investing in the media sector , and Meyer will be part of the Internet team within the firm's Technology, Media and Telecommunications practice (TMT portfolio for the company is here). He will be working with Mark Colodny, who leads the team...prior to joining Warburg in 2001, Colodny was the SVP of Corp Dev at Primedia (NYSE: PRM), which was the previous owner of About.com).
Meyer stepped down last February, and New York Times (NYSE: NYT), the parent, appointed Cella Irvine as the new CEO in June...Cella most recently chief administrative officer of Digitas, will start July 28 as CEO of the About Group.
By Rafat Ali