Joe Conyers Iii
Senior Advisor at Warburg Pincus LLC
New York City Metropolitan Area
Overview
Work Experience
Senior Advisor
2023 - Current
Looking for growth venture and late stage buyout opportunities inside the music, creator and entertainment space.
Warburg Pincus is a private equity firm focused on growth investing.
Raised $38,028,202.00.
Executive Vice President
2021 - 2022
Launched new division. Generated ~$213MM in revenue in >9 months with our run rate approaching ~$1B run rate by our one year anniversary.
Chief Strategy Officer
2011 - 2021
Downtown Music Holdings is one of the largest music businesses with reportedly est. $900MM 24' revenue / $40MM EBITDA. Downtown owns, manages, and develops businesses that support a vision for a more equitable and innovative global music ecosystem. Joe led global strategy at Downtown and spent my time mostly on M&A, corporate venture capital, strategic partnerships, digital licensing, technology, innovation and product initiatives. Downtown brands include: Downtown Music Services, Songtrust(Which Joe co-founded), Downtown Music Publishing, Fuga, CD Baby, AdRev, DashGo, Soundrop, Show.co, HearNow, Illustrated sound, and Downtown Music Studios. Downtown has over 600 employees globally, maintains operations in almost all global material markets spanning across 6 continents. Downtown divested of its music publishing IP catalog at a reported $400MM at a 20x multiple in April 2021. At Downtown I helped complete 6 acquisitions totaling ~$300MM in ~30 months all of which have met or exceeded managment plans.
Downtown Music Holdings is a modern global music company.
Raised $500,000,000.00 from Bank of America.
Co-Founder
2011 - 2021
Songtrust helps music makers collect their royalties. We make it easy to get paid publishing royalties from places like Youtube, Spotify, Radio, Pandora, Movies, TV, and pretty much anywhere music is played. “Songtrust offers a rare proposition: getting your publishing royalty money collected, no matter how small your following, from all corners of the world.” - Rolling Stone I owned the P&L, led the day to day and grew Songtrust from $XXk to $XXMM in revenue, from ~1k clients to over 200k+ and scaled from 2 to 80+ employees before passing the reigns to focus on strategy for all of its parent( Downtown Music Holdings) portfolio companies. Songtrust was named a top music startup by Billboard Magazine. We've been featured in Techcrunch, The Guardian, Billboard Biz, Hypebot, Digital Music News, Music Week, GQ, Bloomberg and other publications.
Songtrust is a digital rights management solution enabling song writers and artists to manage their music publishing and related rights.
Full time / night school "intern"
2006 - 2006
Worked as internal managment consultants providing guidance and business intelligence to division stakeholders. Doing what could losely be defined as wrangling big data before big data was really here. We reviewed aggregate trades and determined inefficiencies in their straight through processing and operations. Largely worked on prime brokerage and derivatives which had grown exponentially over that era.
Morgan Stanley Venture Partners is a private equity firm that invests in high-growth companies in the technology and healthcare industries.
Tech Intern
2005 - 2005
Intern
2004 - 2004
Shipping, Receiving, and Inventory for a mid market fabless high performance ethernet integrated circuits focused semiconductor company. Vitesse was later acquired by Microsemi.
Vitesse is a supplier of ICs for ethernet-based carrier, enterprise, and IoT networks.
Raised $7,300,000.00 from New Enterprise Associates, Morgenthaler Ventures, Sequoia Capital and Aeneas Ventures.