Making a business is more than just earning a bit of cash. A good business is something that is consistently looking towards the future. As such, you want someone to spearhead that movement into success. That is the mindset of our representative of today, Ryan Kavanaugh.
This man is best known for his breathtaking skills as a producer in Hollywood movies. However, most people might not realize is that he is a top-notch businessman as well. This is something that has guided him to where he is today. All his fortune and fame would have never happened without his entrepreneurship decisions.
This has paved the way for some of the most prolific production studios on the planet. With both Relativity Media and Proxima Media, he controls some of the most important studios on the planet. And that was only achieved with the CEO, Ryan Kavanaugh’s, amazing business insight. That is why we are taking a look at understanding the business mind of Ryan Kavanaugh.
Rags to Riches
Ryan Kavanaugh is more than just your money-hungry teenager. He, instead, had big dreams of becoming a successful entrepreneur. This has been seen early in his career when he started a venture capital fund at the young age of 22. That sparked an early light in his mind to create something more. He had Hollywood A-list backers such as Jerry Bruckheimer, Brian Gazer, and Michael J. Fox. This, in turn, instantly gave him strong credit as someone that Hollywood can trust.
The money he made from his venture capital fund has caused him to make some wise and crucial steps in becoming a successful businessman. He first started a project called “Precash” with the sole purpose of becoming a way to pay without the use of physical money. This was in line with his prediction that cash would one day become irrelevant. This was made years before the concept of PayPal was even made. As such, he managed to sell the company for a strong $400 million once he was done with it.
Other projects that he worked on in his youth would include investing in companies like Juno. This became the largest biotech research IPO by 2014. He sold the company for well over $10 billion. His other credits would include financing the Independent Sports & Entertainment agency. This is the second-largest integrated management company in the United States.