Anchor co-founder Michael Mignano, who left the company in May for a job in early-stage investing, joined venture capital firm Lightspeed Venture Partners. He became a partner in his consumer products team. Spotify bought Anchor for 150 million dollars in 2019. Mignano reveals in a Medium article that over the past few years he has already been a “part-time” angel investor in more than 50 companies, such as celebrity custom video site Cameo and Zola, focused on the wedding.
“I’ve loved working with small, hyper-focused founders and teams and sharing with them what I’ve learned along my own journey creating products and scaling them for hundreds of millions of users,” says Mignano. “Now I’m excited to make it my full-time job in this new role at Lightspeed.”
Mignano will continue to be based in New York, but says he will invest in companies around the world.
Prior to launching Anchor, Mignano’s background was in the tech industry. He has worked at companies like Aviary, Adobe and Accenture. He also led digital product development at Atlantic Records.
Mignano said in 2019 that he landed in the podcast business after he and Anchor co-founder Nir Zicherman “became obsessed” with the medium after hearing shows like Serial and Gimlet Media’s start. “We tried to launch our own podcasts, but were discouraged by the convoluted process and expensive equipment that we found ourselves searching for endlessly. We quickly realized we weren’t alone, so we decided to create a better way to create podcasts,” he said.