Stories

Ex-Time Warner execs launch venture capital firm

Former Time Warner CEO Dick Parsons. Photo: Paul Bruinooge/Patrick McMullan via Getty Images

Rachel Lam (ex-Time Warner Investments) and Dick Parsons (ex-CEO of Timer Warner) have teamed up to form venture firm Imagination Capital, which will focus on institutional seed deals for startups in the digital media, e-sports and big data sectors.

Key differentiator: The capital will come equally from Lam and Parsons, rather than via outside limited partners. "Dick didn't want to be a fiduciary," Lam explains.