Imagination Capital is a partnership of diverse executives with extensive media and venture capital experience. We partner with entrepreneurs to bring our networks, operating and investment experience, and capital to build high growth companies that can meaningfully scale and innovate within our target markets.
We seek to join investor syndicates where we can lend our judgement, experience and sense of humor to help our portfolio companies successfully grow.
Co-founder and Managing Partner
Prior to launching Imagination Capital, Rachel founded the Time Warner Investments group in 2003, and was head of the strategic investing arm of Time Warner Inc. for 14 years until early 2017. Under her leadership, the venture capital group of Time Warner invested over $325MM in 54 companies. She has led numerous investments in early stage, venture-backed companies and was a board member or observer for all of her TW portfolio companies. Rachel managed Time Warner's investments in and exits from many portfolio companies, including: Maker Studios (sold to Disney), Bluefin Labs (sold to Twitter), Admeld (sold to Google), Playspan (sold to Visa), MediaVast (sold to Getty Images), CrowdStar (sold to Glu Mobile), Kosmix (sold to Walmart), iSocket (sold to the Rubicon Project), ScanScout (sold to Tremor Video), Glu Mobile (NASDAQ: GLUU) and Turbine (sold to Warner Bros).
Rachel currently serves on the Board of Directors of Magnite (NASDAQ: MGNI), a leading independent omni-channel sell-side software platform, and is a member of the Board of Directors for The Center for Reproductive Rights. She was also an officer at Quetzal/Chase Capital Partners, and at CSFB Equity Partners. Prior to that, she was Director, Office of the President at Time Warner Inc., where she worked with Co-founder Richard D. Parsons, the former CEO of Time Warner, on corporate transactions and strategic initiatives. In addition, Ms. Lam spent several years in investment banking, focusing on the media sector at Credit Suisse First Boston and on mergers and acquisitions at Morgan Stanley. She received a B.S. degree in industrial engineering and operations research from U.C. Berkeley and an MBA degree from Harvard Business School.
Co-founder and Partner
Richard is also a senior advisor to Providence Equity Partners, former chairman of Citigroup, and the former chairman and CEO of Time Warner. Before joining Time Warner in 1995, Mr. Parsons was chairman and CEO of Dime Bancorp. Previously, he was the managing partner of New York law firm Patterson Belknap Webb & Tyler. Mr. Parsons has held various positions in state and federal government, serving as counsel to Nelson Rockefeller and as a senior White House aide under President Gerald Ford.
Mr. Parsons is currently a director of Estée Lauder Companies, Lazard Freres and The Madison Square Garden Company, and is chairman of the Apollo Theatre Foundation. Most recently, Mr. Parsons served as the interim CEO of the Los Angeles Clippers basketball team. Mr. Parsons received a Juris Doctor from Union University's Albany Law School and his undergraduate education from the University of Hawaii.