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Salim Mitha
Startups + Growth
Professional Background
Salim Mitha is an accomplished investor and entrepreneurial leader with extensive experience in the media, entertainment, gaming, and sports industries. Currently serving as a media and entertainment investor at Powerhouse Capital, a venture capital firm based in Los Angeles, Salim is dedicated to fostering startup growth on a daily basis. His role at Powerhouse Capital exemplifies his commitment to empowering emerging businesses within these dynamic sectors, harnessing his background and expertise to identify unique opportunities for success.
Prior to joining Powerhouse Capital, Salim was a Partner at Evolution Media, a growth venture capital firm that partnered with TPG Growth and the renowned Creative Artists Agency (CAA). His tenure at Evolution Media was marked by strategic investments that fostered significant growth in a variety of entertainment-oriented ventures. Salim's transition from investor to entrepreneur allowed him to create, develop, and scale three startups, all of which achieved successful exits and continue to flourish in their respective markets.
As Executive Vice President (EVP) overseeing Product, Marketing, and Monetization teams at Playtika Santa Monica (part of Caesars Interactive), Salim played a pivotal role in the development of BINGO Blitz, a globally recognized social casino game. Under his leadership, the team expanded from ten employees to a robust company of over 150, propelling BINGO Blitz to become one of the top-grossing titles on Facebook and other major app stores such as Apple iOS, Google Play, and Amazon Kindle. Following Playtika's successful sale to Caesars Interactive and then to Giant Games and Alibaba’s Jack Ma, Salim's impact on the gaming industry solidified his reputation as a key player in the sector.
Salim's earlier career included influential roles at major companies like Yahoo!, where he managed Search and Social Search across Europe. He also co-founded Wahanda, an e-commerce marketplace that was successfully acquired by Recruit Holdings, the parent company of both Indeed and Glassdoor. His diverse experience reflects a rich tapestry of skills encompassing technology, marketing, and strategic financial planning, positioning him as a highly sought-after figure in the venture capital and entrepreneurial spaces.
Education and Achievements
Salim's educational background is as impressive as his professional trajectory. He obtained a Master of Business Administration (MBA) in General and Global Management from the prestigious Stanford University Graduate School of Business, a program renowned for shaping the leaders of tomorrow. Additionally, Salim graduated with a Bachelor of Science (BS) in Economics, Finance, and Multinational Management from The Wharton School, one of the world’s leading institutions for business education. His education was further enriched by a study abroad program at Universidad Pontificia Comillas, where he focused on Spanish and Economics, enhancing his global perspectives and linguistic skills.
Notable Achievements
Salim Mitha's career is punctuated with significant accomplishments and contributions to various organizations. He has served as a Board Observer at Recurrent Ventures, where strategic insights have further advanced the firm's impact in venture capital. As Co-Founder and Managing Partner at Powerhouse Capital, he has been instrumental in guiding the firm's investment strategies and supporting growth-oriented startups.
His impressive investment portfolio includes notable companies such as MasterClass and Wondery, where he played a vital role in shaping their trajectories. Additionally, his involvement as an Investor and Board Observer at The Athletic underscores his ability to identify promising opportunities in the evolving landscape of sports journalism.
Salim has held various leadership positions, including Board Member roles at Epic! Kids, Mobcrush, and Fred Segal, where he has contributed to their growth and strategic development. As a Partner at Evolution Media, he worked closely with industry giants like CAA, where innovation and creativity thrive.
Salim's earlier ventures laid a strong foundation for his later success; his experience in Investment Banking at Merrill Lynch honed his financial acumen, while his stints at McKinsey & Company in Corporate Finance & Strategy provided him with crucial strategic insights. In his role as European Business Manager at Microban International, he developed a strong understanding of international markets, complemented by his experience as a Business Analyst at A.T. Kearney.
Personal Interests
Outside of his professional endeavors, Salim is passionate about nurturing talent and innovation in the startup ecosystem. He actively engages with entrepreneurs, sharing his knowledge and experience to help pave their paths to success. His interest in art is evidenced by a profound appreciation for experiences like that at the Tate Modern's Turbine Hall, which signifies a deep appreciation for creativity and innovation, threads that intertwine with his professional life in media and technology.