Ovitz: Tech investing is the same packaging playbook as Hollywood agency representation
Michael Ovitz · CAA (with Michael Ovitz) · Acquired · Dec 21, 2021 · at 1:39:08
Michael Ovitz, co-founder of Creative Artists Agency (CAA) and prominent tech angel investor, describes how his Hollywood agency experience directly applies to venture investing.
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“All of the training I had as an agent has led me to a career in the digital world that's fantastic because what am I doing? I'm packaging. I'm putting young founders together with money and distribution, and nothing different than I did for 35 years. It's all the same, except I'm doing it with smarter people”
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“And we would never sell any idea or client unpackaged or naked to a studio ever, ever. So anything we did was pre-packaged where we controlled all the elements and our clients controlled their own destiny.”
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