hedwardyoung Anyone interested in supporting entrepreneurs and/or attending a great event, please check out IFEL's Business Plan Comp - May 04 add/view comments (0)
I am one of the four original "co-founders" of The Source Magazine - we were David Mays, Jon Shecter, James Bernard and me, Ed Young. I left The Source in 1997 and have since invested in, consulted for and managed a number of businesses. I love building companies and right now I have four that I am involved with actively. The ones that the BlackPlanet community should be interested in are my browser company, 40A, which makes the Blackbird Browser (Blackbird) and WorldLive Mobile which makes free mobile phone applications for keeping up on celebrities in real-time (WorldLive Mobile).
I plan on putting what I hope are useful business tips and other observations on my BlackPlanet blog as I know this community is ready to really take over this new world of business we're all living in right now. Hopefully, you'll find something useful.
H. Edward Young Brief Bio
Through his magazine, The Source, Mr. Young became a specialist in popular cross-branding and advertiser procurement and is credited with having opened the premiere advertising categories of athletic footwear, Fila, and videogames, Sega, to the music-based and content communities. The strategies that he developed in the early nineties are now seen as standard operating procedure and have created billions of dollars in sales. Prior to his sales presentations and subsequent advertising contracts, these categories had shunned the urban culture.
In 1997, Mr. Young arranged a sale of his equity position in The Source to his partner, but his management of the publishing operations extended through June of 2000.
In November of 2000, Mr. Young was retained by the venture capital firm 212 Ventures to become the Chief Executive Officer of Mighty Seven Networks, a financially and organizationally troubled online customer-acquisition and marketing company. After a successful turnaround of this company, Mr. Young moved into various other entrepreneurial ventures in the turnaround space.
In 2005 Mr. Young invested in Aquatec Water Treatment, an established African-American owned chemical water treatment company. As a Director and corporate vice president, he and the existing management have worked to expand the 25-year old company into the residential water treatment market through strategic relationships with General Electric and other major water industry companies.
Currently, he is the CEO of the software company 40A, Inc., which has developed affinity browser technology that is featured in the new Blackbird browser. He is also the chairman of WorldLive Mobile, the leading real-time mobile application company for celebrity information and aggregation.
Mr. Young has become known for his unique eye for extraordinary new and old media content and operational turnaround. Further, he has also served on the National Endowment for the Arts Literary Magazine and Press funding boards and is widely recognized as being instrumental in the successful injection of funding into the Literary Publishing community. He is also a board member of The Institute for Entrepreneurial Leadership (IFEL).
Mr. Young is a Magna Cum Laude graduate of Harvard University and currently resides in New Jersey with his wife of sixteen years, Karen, and their ten-year old son.
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