Going Hollywood: Todd Dagres
Boston Business Journal, December 11, 2009
Todd Dagres of Spark Capital decided that to be the best investor he could be in the frothy market where entertainment and media meet technology, he would need a crash course in the entertainment side. So he became a Hollywood producer.
That was after his stint as a general partner at Waltham-based Battery Ventures, where he famously led that firm’s investment in Akamai Technologies Inc., the Cambridge-based content delivery network company that speeds up media across the Internet. When Akamai went public, Battery saw a tremendous return on its investment.
“I got involved early on with those guys and did the first round,” Dagres said. “That was several hundred million dollars return on a $12 million investment.”
