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March 12, 2015

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Here's the The Lowdown from DN Journal,
updated daily to fill you in on the latest buzz going around the domain name industry. 

The Lowdown is compiled by DN Journal Editor & Publisher Ron Jackson.

Rising Business Star and 2nd Generation Domain Investor Heather Hartnett Featured in the Wall Street Journal After Being Named CEO of Innovative New VC Firm 

Most of our readers are very familiar with Dr. Chris Hartnett, the T.R.A.F.F.I.C. Domain Hall of Fame member who was profiled in one of the most popular Cover Stories we have ever published back in June 2008. A lot of industry veterans have also met Chris's brilliant and lovely daughter 

Heather who, after being bitten by the domain investment bug herself, attended several major conferences before the mainstream business and philanthropic world stole her away from us! If you've met Heather and happened to be reading the Wall Street Journal blog Wednesday (March 11) I'm sure you weren't the least bit surprised to see her in the spotlight as the new CEO of an innovative new New York City based venture capital firm called Human Ventures.

Dr. Chris Hartnett and daughter Heather Hartnett 
at the 2008 T.R.A.F.F.I.C. West Conference in Las Vegas.

As author Yuliya Chernova noted in the WSJ piece, Human Ventures was just launched by Joe Marchese, who recently sold his advertising technology startup to 21st Century Fox for a reported $200 million. With Human Ventures Marchese is taking a different approach to venture capital. The firm, which considers itself to be a "startup studio", plans to come up with their own ideas for businesses, then seek entrepreneurs to develop the ideas and turn them into real world businesses.

Heather Hartnett at the DOMAINfest 
Global 2010 Conference in Los Angeles

When he went looking for just the right bright young mind to carry out his vision, Joe settled on Heather who had already made a big impression at venture firm City Light Capital and before that at the David Lynch Foundation. If you know Heather you know he made the right choice. 

Marchese will serve as Executive Chairman of Human Ventures while spending most of his time handling a major role he took on at 21st Century Fox after selling his previous company to the media giant. Heather told the WSJ reporter she would be assembling a team to help launch startups with three projects already under way. She said the firm will focus first on mobile, consumer, financial technology, health care and some social impact projects. 

As you would expect, Chris and his wife Linda couldn't be prouder of what Heather has accomplished. Those of us in the domain 

community share that pride. The one thing we like even more than seeing our industry friends succeed is seeing their kids climb new heights - because nothing makes a parent happier than that!

(Posted March 12, 2015)

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