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Angel Investor (Individual)

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Investments

39

Portfolio Exits

5

About Michael Ovitz

Michael Ovitz established himself as a major force in Hollywood while heading the powerhouse talent agency Creative Artists Agency (CAA), founded in 1975 by a group of breakaway talent agents from the William Morris agency. Born in Chicago, Illinois, U.S.A., 14 December 1946. Graduated from University of California, Los Angeles, 1968; briefly attended law school. Joined William Morris Agency, first as trainee, then as agent, 1969-75; co-founder of Creative Artists Agency, 1975, and served as chair until joining Disney; president and member of board of directors, Walt Disney Company, since 1995.

Michael Ovitz Headquarter Location

California,

United States

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Latest Michael Ovitz News

Entertainment boss revealed as Jon Bon Jovi’s Greenwich Village condo buyer

Jun 29, 2022

Share via Shortlink From left: Jon Bon Jovi, CAA co-founder Michael Ovitz and 155 West 11th Street (Getty Images, Compass Real Estate, iStock) Who says you can’t go home? An entertainment boss might have an answer for Jon Bon Jovi after snapping up the rocker’s Greenwich Village condo. Creative Artists Agency co-founder and former Walt Disney Company president Michael Ovitz purchased the unit at 155 West 11th Street in February, the New York Post reported. Bon Jovi sold the unit for $22 million only weeks after putting it on the market. The New Jersey-born singer purchased the unit for about $19 million in 2017. The four-bedroom apartment in the Greenwich Lane complex includes direct elevator access and floor-to-ceiling windows providing views of Lower Manhattan and the Hudson River. The unit has a 40-foot-long living room with Juliet balconies and a private terrace, along with a walk-in closet. The 4,000-square-foot home is part of the five-building complex comprising 193 condos and five townhouses. The property, which has been home to actor Michael C. Hall and former Starbucks CEO Howard Schultz, includes a gym, pool and golf room among its amenities. Leonard Steinberg of Compass was part of the team of listing brokers for the unit. Read more Bon Jovi has made some high-dollar real estate moves in recent years. The singer reportedly sold a three-bedroom apartment in 2018 for about $15 million. Three years earlier, he sold a penthouse in Soho for $34 million . In 2020, he also sold a Palm Beach mansion for $20 million. Around that same time, he bought a waterfront estate in the area for more than double the price, $43 million. Bon Jovi has been flirting with selling his mansion in Middletown, New Jersey, which has been on and off the market in recent years, last listed at $20 million. While Ovitz is known for his work as an entertainment exective, he can also play the part of commercial landlord. Ovitz is a co-owner of an office building at 9830 Wilshire Boulevard in Beverly Hills, along with another former CAA executive, Robert Goldman. Alo Yoga agreed to take WeWork’s entire 73,000-square-foot space at the four-story property, which was the co-working firm’s second-largest deal in Los Angeles in 2021 at the time.

Michael Ovitz Investments

39 Investments

Michael Ovitz has made 39 investments. Their latest investment was in Tenet as part of their Seed VC on June 6, 2022.

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Michael Ovitz Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

6/28/2022

Seed VC

Tenet

$18M

Yes

4

5/6/2022

Series A

Irreverent Labs

$40M

Yes

5

4/21/2022

Seed VC

Kangaroo

$3.3M

Yes

1

2/2/2022

Series A

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$99M

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10

12/6/2021

Series B

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$99M

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10

Date

6/28/2022

5/6/2022

4/21/2022

2/2/2022

12/6/2021

Round

Seed VC

Series A

Seed VC

Series A

Series B

Company

Tenet

Irreverent Labs

Kangaroo

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Amount

$18M

$40M

$3.3M

$99M

$99M

New?

Yes

Yes

Yes

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Co-Investors

Sources

4

5

1

10

10

Michael Ovitz Portfolio Exits

5 Portfolio Exits

Michael Ovitz has 5 portfolio exits. Their latest portfolio exit was Blend on July 15, 2021.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

7/15/2021

IPO

$99M

Public

21

3/4/2021

Reverse Merger

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$99M

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10

4/6/2020

Merger

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$99M

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10

5/15/2019

Acquired

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$99M

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0

10/25/2018

Acquired

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$99M

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10

Date

7/15/2021

3/4/2021

4/6/2020

5/15/2019

10/25/2018

Exit

IPO

Reverse Merger

Merger

Acquired

Acquired

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

Public

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Sources

21

10

10

0

10

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