Mark Wachen is the Managing Director for DreamIt Ventures’ NewYork program. He is the Managing Director and Founder of Upstage Ventures, a firm that advises and invests in consumer Internet and interactive marketing companies and board member of Optify and OrderGroove.
Mark is the founder of Optimost, the company that pioneered multivariable testing and optimization on the Internet; and he served as CEO for the company up until its acquisition by Interwoven in November 2007 for $52 million.
Before his entrepreneurial successes, Mark worked for seven years at Sony overseeing a variety of Internet initiatives. He was the CEO of Indimi, a company majority-owned by Sony. While there, he spearheaded the acquisitions of InfoBeat, AdTools, and DailyRating. He was Vice President of Online Ventures for Sony Music, where he directed online initiatives, including Sony Music’s investments in Spinner (acquired by AOL for $300 million), and the launch of the Sony Music Online Website in 1994. Mark has worked with and invested in a variety of other companies, including: ChaiLabs (acquired by Facebook), SeatGeek, YouNow, Thumb, GameChanger, STELLAService, RJMetrics, and CatchAFire.
Board & Advisor Roles (5)Update
|Dec, 2014||PuzzleSocial Inc.||$3M / Series A||Personal Investment|
|Feb, 2013||Vengo Labs||$1M / Seed||Personal Investment|
|Nov, 2012||OrderGroove||$7M / Venture||Personal Investment|
|Mar, 2011||StellaService||$2M / Series A||Personal Investment|
|Mar, 2011||Thumb||$1.2M / Angel||Personal Investment|
|Oct, 2010||Optify||$6.1M / Series B||Personal Investment|
|Jan, 2010||SeatGeek||$550k / Angel||Personal Investment|
|May 20, 2015||Venture Beat - Good news for mobile indie developers determined to make it big|
|Dec 22, 2014||Venture Beat - Funding Daily: Today’s tech funding news, in one place|
|Dec 22, 2014||Venture Beat - Digital crossword puzzle company PuzzleSocial raises $3 million in funding|
|Aug 13, 2014||Venture Beat - Accelerator Dreamit introduces this summer's crop of start-ups|
|Feb 21, 2014||Venture Beat - Startup accelerator DreamIt Ventures sees new leadership in New York (exclusive)|
|Aug 8, 2013||Mashable - 5 Innovative Startups From DreamIt NYC Demo Day|
|Aug 7, 2013||Venture Beat - 15 startups graduate from DreamIt Ventures' NYC summer class|
|Mar 20, 2013||Alley Watch - DreamIt Ventures and Saborstudio Take Potatoes On World Tour|