Hearst Ventures, the corporate venturing arm of US-based media company Hearst, has hired Dave Famolari as managing director.
Famolari joined Hearst from telecommunications firm Verizon where he has been a director at corporate venturing unit Verizon Ventures since 2013. He will report to Scott English, senior managing director and head of US investments at Hearst Ventures.
English said: “Dave brings a wealth of experience to the Hearst Ventures team,” adding: “As we continue to grow and diversify our investment portfolio, we will benefit from his eye toward innovation across industries.”
Famolari said: “Hearst Ventures is known throughout the venture capital investment community as being a leader in strategic portfolio building within the media and technology industries.”
Famolari will be based out of Hearst Tower in New York, working alongside Hearst Ventures’ managing director Darcy Frisch, focusing on US-based investments.
– Photo of Dave Famolari courtesy of Hearst Communications Inc.