Rich Riley
Co-CEO of Origin Materials
New York, New York
Overview
Work Experience
Board Member
2023 - Current
Arccos, golf’s #1 on-course tracking system, is the official game tracker of the PGA TOUR. Leading developer of revolutionary connected golf products seamlessly combining automatic shot tracking with Artificial Intelligence and Stroke Gained Analytics.
Arccos Golf develops an Arccos Caddie platform that provides golfers with automatic shot tracking and an A.I.-powered GPS rangefinder.
Raised $26,500,000.00 from PING, PGA TOUR, TaylorMade Golf, Topgolf Callaway Brands Corp and Cobra Golf.
Co-CEO
2020 - 2024
Initially invested in Origin in 2010, joined as Co-CEO to focus on fundraising and commercial development. Raised approx. $500 million at $1.8 billion valuation taking the company public via a SPAC transaction. Achieved commercial scale and led efforts that resulted in >$10 billion in orders. Origin's core technology converts biomass into a wide range of sustainable intermediate chemicals addressing a >$1 trillion end market. Company common share valuation was $0.14/share when I joined and $1.28/share when I left.
Origin Materials is a carbon negative materials company that develops technology turning the carbon found in biomass into useful materials.
Raised $200,000,000.00 from BioMADE.
Industry Advisor
2013 - 2022
Retained adviser focused on Media, Technology, Gaming and Entertainment. Worked with KKR teams in NYC, London and Menlo Park on investments including AppLovin, Epic Games, FanDuel Group, Next Issue Media and Ultimate Fighting Championship (UFC).
KKR India Asset Finance is a non-banking financial company that provides systemically important Non-Banking services.
Chairman of the Board & Investor
2020 - 2021
Leading provider of behavioral health, addiction treatment and tele-health services in TN, KY and FL. Sold to strategic acquirer for approximately 3x return on our investment.
JourneyPure partners with operators of addiction treatment centers and help people, families, and communities heal.
Raised $4,780,000.00 from Clayton Associates.
CEO
2013 - 2019
We more than doubled our user base to >150m MAUs, growing >20% y/y, surpassed 1 billion downloads and achieved profitability while rising to be one of the most highly rated apps by users globally (85% 5 star ratings). >10,000 verified artists and >100 patents. Co-Executive Producer, Beat Shazam prime time TV show hosted by Jamie Foxx on Fox Network (6 seasons). Sold company to Apple Inc. in 2018 and subsequently integrated into iOS operating system.
Board Member & Investor
2009 - 2013
Advised on business plan and seed investor. Acquired by Morningstar in 2016 for >27x return on our investment. PitchBook is a leading provider of research on companies and investors.
EVP, Americas
2012 - 2012
-Responsible for >$3 billion revenue, >2,000 person team. Direct functions included sales, account management, ad ops, b2b marketing, partnerships across U.S., Canada and LatAm. -Reported to CEO
SVP & MD - Europe, Middle East & Africa Region
2008 - 2012
-Responsible for >$500 million in revenue, 120 million+ unique monthly users, >1,000 person direct team across >10 countries -Double digit annual revenue growth in display (taking market share) offset by declining search business, achieved leadership position in Middle East -Led massive re-org, 20%+ structural cost elimination -Reported to CEO, directly responsible for sales, partnerships, editorial, content, operations -Led negotiations and completion of global search monetization partnership with Google.
SVP, Advertiser & Publisher Group (Europe)
2007 - 2008
SVP, Online Channel Division
2005 - 2007
-Responsible for >$1.2 billion revenue, >2 million paying customers, hundreds of employees -Achieved revenue growth in high teens, successful launch and migration to "Panama" search platform -Directly responsible for marketing, product, engineering, customer care, sales, account management -Appointed to lead the Social Media Task Force to assess this emerging opportunity/threat - led to the attempted acquisition of Facebook.
VP & GM, Small Business
2002 - 2005
-Responsible for >$150 million revenue, hundreds of employees -Led creation and strategy of division created to combine various assets into a coherent small business product suite -Grew paying subscriber base from <300,000 to >1.2 million. Achieved #1 market share in hosting and awarded both PC Magazine Editor's Choice Awards (4.5/5.0 stars). Created #1 small business destination site. -Largest provider of hosted e-commerce sites with approx. $3 billion of GMV. -Revenue growth of approx. 30%/year. EBITDA growth of approx. 20%/year. -Directly responsible for marketing, product, engineering, customer care, sales, account management
Director, Corporate Development
1999 - 2001
-Led the negotiation of several hundred million dollars of commercial transactions
Yahoo is a technology and media company that serves users through its portfolio of digital platforms, products, and services.
Raised $6,800,000.00 from Visa, SoftBank Capital, Sequoia Capital and Reuters Venture Capital.
Co-Founder & Managing Member
1998 - 1999
-Had the idea and formed the team that invented and patented the toolbar. -Sold to Yahoo!
Associate
1999 - 1999
Internet Team
Financial Analyst
1996 - 1998
Donaldson, Lufkin & Jenrette was a U.S. investment bank founded by William Donaldson, Richard Jenrette and Dan Lufkin.
Education
Bachelor of Science (B.S.)
1992 - 1996