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), Turbine (sold to Warner Bros.) and Tremor Video (NYSE: TRMR).
Rachel currently serves on the Board of Directors of Magnite (NASDAQ: MGNI), the world's largest independent sell-side advertising platform, and Porch Group (NASDAQ: PRCH), the vertical software platform for the home. She is also a board member of the non-profit, The Center for Reproductive Rights. Additionally, she was 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, a leading private equity investment firm specializing in media, communications and information companies. He is the former Chairman of the Board of Citigroup, Inc. Prior to serving in those roles, he was the Chairman of the Board and CEO of Time Warner Inc., the world’s largest media and entertainment company, from 2002 to 2008. In its January 2005 edition of America’s Best CEOs, Institutional Investor magazine named Mr. Parsons the top CEO in the entertainment industry. From May through September, 2014, Mr. Parsons served as the Interim CEO of the Los Angeles Clippers.
Before joining Time Warner in 1995, Mr. Parsons was Chairman and Chief Executive Officer of Dime Bancorp, Inc., one of the largest thrift institutions in the United States. Previously, he was the managing partner of the New York law firm Patterson, Belknap, Webb and Tyler. Prior to that, he held various positions in state and federal government, as counsel for Nelson Rockefeller and as a senior White House aide under President Gerald Ford. Mr. Parsons received his undergraduate education at the University of Hawaii and his legal training at Albany Law School.
In 2008, Mr. Parsons served as a member of then President-Elect Barack Obama’s Economic Transition Team and later served as a member of President Obama’s President’s Council on Jobs and Competitiveness. His other civic and non-profit commitments include Chairman Emeritus of the Partnership for New York City; Chairman of the Jazz Foundation of America, and Chairman of the Rockefeller Foundation. He also serves on the boards of the Commission on Presidential Debates and the Apollo Theater Foundation.
Mr. Parsons is a member of the boards of the Estee Lauder Companies, Inc., Lazard Frères and Company, and Madison Square Garden Sports, Inc.