Roger McNamee

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Roger McNamee

McNamee, playing at a 2008 New Year's Eve show
Born (1956-05-02) May 2, 1956
Albany, New York[1]
Nationality United States
Alma mater Yale University (B.A. 1980),[2]
Tuck School of Business (M.B.A. 1982)[3]
Occupation Businessman, venture capitalist, musician

Roger McNamee (born May 2, 1956) is an American businessman, investor, venture capitalist and musician. He is the founding partner of the venture capital firm Elevation Partners. Prior to co-founding the firm, McNamee co-founded private equity firm Silver Lake Partners and headed the T. Rowe Price Science and Technology Fund.

McNamee is also a touring musician, first as a founding member of the Flying Other Brothers, and more recently in that group's follow-on band, Moonalice. Between the two groups, McNamee estimated in April 2009 that he has played 800 shows.[4]

Career at T. Rowe Price

McNamee joined T. Rowe Price as an analyst in 1982, after receiving his M.B.A. from the Tuck School of Business.[3]

By 1989 he was leading the firm's Science & Technology Fund, a period when the fund returned about 17% annually to investors[5] and, in a move atypical for mutual funds, he made venture capital investments in Electronic Arts (which went public in 1989) and Sybase (which had its IPO in 1991).[6]

Music career

McNamee is also a musician. He played in the band Flying Other Brothers from 1997 to 2006,[7] and now plays with the band Moonalice, using the stage persona of "Chubby Wombat Moonalice."[5]

Music and technology

With Elevation Partners "perhaps best known for its early investment in Facebook", McNamee said in 2013, for him, “music and technology have converged”.
He became expert on Facebook by using it to promote ... Moonalice, and now is focusing on video by live-streaming its concerts. He says musicians and top professionals share “the almost desperate need to dive deep.” This capacity to obsess seems to unite top performers in music and other fields.[8]

Relationship with Wikipedia

According to the New York Times, McNamee has been instrumental in arranging at least two $500,000 donations to the Wikimedia Foundation.[9][10] Roger McNamee is a member of the Wikimedia Foundation's advisory board, and acts "as a special advisor to the Executive Director on business and strategy issues."[11]

Influence

Bill Gates wrote in his book The Road Ahead: "Roger was a great sounding board for many of the ideas I wrote about".[5] Mark Zuckerberg (who met McNamee in summer 2006 at a time when Facebook reportedly had buyout offers of around $750 million) said McNamee was "emphatic" that Facebook not be sold; Zuckerberg stated he "clearly cared about building something long-term and about the impact of the things we build as opposed to just making money in the short term," advice that Portfolio.com called "prescient": in October 2007, Facebook sold just 1.6 percent of the company to Microsoft for $240 million.[5]

Personal life

McNamee has been married to Ann McNamee since 1983 and with her is a co-founder of the Ndovo Foundation. [12]

References

  1. ↑ "Techie guy by day, rocker guy by night", a January 28, 2005 article from USA Today
  2. ↑ President's Advisory Committee on Digital Yale, from the Yale University website
  3. ↑ 3.0 3.1 Tuck Investiture from a Dartmouth College website
  4. ↑ "Investment pays off for late-blooming rocker", an April 13, 2009 article from the San Francisco Chronicle
  5. ↑ 5.0 5.1 5.2 5.3 "Rock Stars of Tech". Portfolio.com. December 16, 2007. Retrieved 2009-09-25. 
  6. ↑ "Twitter Lures In An Unusual Backer". The Wall Street Journal. September 25, 2009. Retrieved 2009-09-25.  Alternate link at MarketWatch.
  7. ↑ Flying Other Brothers website
  8. ↑ Lipman, Joanne, "Is Music the Key to Success?" (Opinion), New York Times, October 12, 2013, p. 2. Retrieved 2014-02-06.
  9. ↑ "Open-Source Trouble in Wiki World", New York Times, March 17, 2008
  10. ↑ "Why would someone toss $1.35m at Wikipedia?", The Register, March 18, 2008
  11. ↑ Roger McNamee to Become Wikimedia Advisor January 2009
  12. ↑ Daily News Business. "Tehama County supes hear plan for elephant reserve". Retrieved 26 December 2013. 

External links

Interviews
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