LA Venture Podcast


Dan Abrams — Cobalt Capital

August 19, 2020

Series B

Dan Abrams is a partner at Cobalt Capital. Prior to Cobalt, Dan (and the entire Cobalt team) was at CAA-affiliated Evolution Media. Cobalt leads Series B rounds, but likes to get to know founders earlier in their journey.

Full transcript

I have Dan Abrams with me today. Dan, let me see if I get this right. Dan, is a partner at Cobalt Capital, Cobalt is a new fund made up of the former Evolution Media team. The Evolution Media team spun out of TPG growth where they were affiliated with CAA as Evolution Media. The team invested in some great companies like Calm, Tonal, The Athletic, Masterclass.

They led the Series A of Scopely, so really strong investing team now at Cobalt Capital, investing in venture, mostly Series B companies. Dan, it's great. I'm so glad you're here. Glad we get to connect.

Thanks for having me. Super excited to chat.

Yeah, well, it's it's a special treat because I feel like you guys are kind of new on the scene even though you're not really new.

So tell me if I got kind of the the. You nailed it. You did great. Perfectly done. Well, you know, I practice we practice a little bit. Right. Fair. No, that's true.

No, that's right. We were the fund that no one's really heard of. And and we didn't make that easier by re-changing our name just now. So but we were for so long investing out of TPG and originally in partnership with CAA, like you said. And then we spun out and were an independent fund underneath TPG growth and then just recently spun out again at the end of last year to create Cobalt Capital. And so we for so long never really had to market ourselves.