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About Seth Besmertnik

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Latest Seth Besmertnik News

Conductor buys content agency back from WeWork

Dec 13, 2019

Dive Brief: Conductor, the SEO and content agency purchased by WeWork in 2018, has bought itself out from The We Company, according to information provided to Marketing Dive. While terms of the deal were not disclosed, the buyers include existing leadership, employees and outside investors. The newly independent company has been restructured to consist of more than 250 employee co-founders. Each of these players will receive founder preferred stock as well as a majority ownership stake in the company. Conductor's enterprise customers include Citibank, Casper and Slack. The deal was financed by Conductor CEO and co-founder Seth Besmertnik and Selina Eizik, who formerly served as COO, as well as Jason Finger, managing partner of The Finger Group, and founder and former chief of Seamless. Finger will sit on Conductor's board. Dive Insight: Conductor was a growing SEO and content marketing agency when it was acquired by client WeWork in 2018. The buyout by leadership and employees signals that the company wants to keep up this momentum and not become a victim of its parent's troubles . Content marketing continues to be an important digital strategy used by 84% of companies , according to eMarketer, and one that Conductor CEO Seth Besmertnik said in a press release makes it easier for brands to reach consumers who don't like traditional advertising with content that is helpful and valuable. Conductor invested aggressively in research and development and doubled the size of its team under WeWork's ownership, Besmertnik stated in the release. The content agency also expanded its client roster and modernized how clients could take digital data and insights and apply these learnings across their business using relevant content, Besmertnik told Marketing Dive in an interview last year. For example, Conductor helped Ski.com optimize content for people on vacation by creating a ski glossary to educate people about the winter sport. It also worked with John Hancock Investments to align content informed by what people searched for online. The news about Conductor's buyout comes as WeWork has been divesting businesses after its failed IPO and the departure of its CEO Adam Neumann earlier this year. WeWork has also  shed its restaurant co-working brand Spacious  and private school WeGrow, The Drum reports. As an employee-owned company, Conductor will look to merge a people-first work culture where employees can appoint a representative on the Board of Directors with a customer-first approach — which Besmertnik and investors are betting will drive further growth. Recommended Reading:

Seth Besmertnik Investments

1 Investments

Seth Besmertnik has made 1 investments. Their latest investment was in Thrive Commerce as part of their Seed VC on February 2, 2016.

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Seth Besmertnik Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

2/19/2016

Seed VC

Thrive Commerce

$0.88M

Yes

1

Date

2/19/2016

Round

Seed VC

Company

Thrive Commerce

Amount

$0.88M

New?

Yes

Co-Investors

Sources

1

Seth Besmertnik Acquisitions

1 Acquisition

Seth Besmertnik acquired 1 company. Their latest acquisition was Conductor on December 12, 2019.

Date

Investment Stage

Companies

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

Total Funding

Note

Sources

12/12/2019

Acquired

$63.72M

Acquired - II

3

Date

12/12/2019

Investment Stage

Acquired

Companies

Valuation

Total Funding

$63.72M

Note

Acquired - II

Sources

3

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