Kobalt Appoints Avid Larizadeh Duggan As Executive Vice President And Chief Strategy & Business Officer

NEW YORK, NY AND LONDON, UK – JANUARY 11, 2018 – Kobalt, a music and technology company built for artists, songwriters, publishers and labels as an alternative to the traditional music business model, today announced that the company has hired Avid Larizadeh Duggan to lead overall global strategy and business development for Kobalt.

Larizadeh Duggan joins Kobalt from GV where she was general partner and ran GV’s investment in Kobalt. Larizadeh Duggan brings a unique technology and business background to Kobalt that includes being involved in the startup ecosystem for 20 years, as a developer, product manager, founder, investor, and adviser.

Commenting on Larizadeh Duggan’s appointment, Ahdritz stated, “Avid has a big passion for tech, building products and growing companies. Adding to that, she is a great person and team player. I am very happy to welcome her to the Kobalt executive team, where she will help us in continuing to build the new music industry.”

“As one of my portfolio companies while at GV, I had been closely witnessing Willard's inspiring leadership and the Kobalt team's commitment to build the music industry by putting creators first,” said Larizadeh Duggan. Kobalt is on a clear mission to bring transparency, fairness and efficiency to the music industry as a whole through the combination of technology, one of the best creative teams in the industry and bold vision. To have the opportunity to drive forward this mission and be part of Kobalt's stellar team at such a key time in the company's growth, is a real privilege.”

ABOUT KOBALT

Kobalt is a music and technology company built for artists, songwriters, publishers and labels as an alternative to the traditional music business model. Kobalt’s commitment to technology, transparency, and creators’ rights has driven tremendous growth year-over-year for the company and its clients. Today, Kobalt’s Music Publishing, Neighbouring Rights, and Recordings/AWAL divisions serve over 25,000 songwriters, 600 publishers, and 20,000 independent artists, including The Chainsmokers, Kelly Clarkson, Miles Davis, Dave Grohl, Lauv, Zayn Malik, Max Martin, Nick Cave & The Bad Seeds, Paul McCartney, Stevie Nicks, Pitbull, Elvis Presley, Skrillex, Sam Smith, and many more. Kobalt represents on average over 40% of the top 100 songs and albums in both the US and UK.

Kobalt’s global technology platform is uniquely able to track and collect royalties for the billions of micro-payments per song in digital music today. Kobalt offers its clients a variety of services, including creative services, synch & brand partnerships, global licensing management, neighboring rights, works and rights distribution, royalty collection and processing, the Kobalt and AWAL Portals and Apps, YouTube monetization, record release management, digital distribution and marketing. For more information on Kobalt, please contact: info@kobaltmusic.com, or visit us at www.kobaltmusic.com

ABOUT AVID LARIZADEH DUGGAN

Avid has been involved in the tech ecosystem as a developer, product manager, founder, investor and adviser for the past 20 years. She was a general partner at GV from 2014 to 2018. Prior to GV, Avid co-founded Boticca, a global marketplace for independent brands of fashion accessories where she was COO running product, engineering and editorial.  Boticca was acquired by Wolf & Badger. Avid started investing at Accel Partners in London in 2006. She has been an active early investor in multiple companies, including as an angel investor in Okta (Nasdaq: OKTA). Avid also held product management roles at Tellme Networks, Skype and eBay from which she holds a patent for her work.

Avid is a non-executive director on the board of Barclays Bank UK PLC and has been recognized as a Young Global Leader by the World Economic Forum. She has two engineering degrees from Stanford University and an MBA from Harvard Business School.

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