Jason Krikorian, co-founder of video technology company Sling Media, has joined venture capital firm DCM as a general partner. In January ’09, Krikorian, along with his brother and Sling Media co-founder Blake, left the company less than a year after it was bought by EchoStar (NSDQ: SATS) as part of a wider executive exodus. He’s signed up with Menlo Park, Calif.-based DCM at the same time the firm is looking to increase its investments in the U.S., China and Japan.
DCM has just said that it has arranged commitments of over $400 million to its early stage pool of money, the DCM Fund VI, and the launch of an RMB fund of 200 million to support its China focus. The firm was an investor in Sling, which the Krikorian brothers started in 2004. It was acquired in Sept. 2007 by EchoStar, which paid an estimated $380 million for it.
Along with Blake and Jason, who were CEO and SVP-business development, respectively, Jason Hirschhorn and Ben White, president and chief creative officer of the Sling Media Entertainment Group, exited the company at the very time. Just last month, Hirschhorn resigned from MySpace (NSDQ: NWS) as co-president.
While Jason takes on this new role on the venture capital side, his brother has continued serving as an informal advisor and investor on his own. Last November, Blake invested in internet TV guide, Clicker.com. Release (PDF)