dMY Technology Group is focused on sponsoring the success of the next generation of great pioneering technology entrepreneurs onto the public markets. The public markets are more receptive to technology companies than at any time in a generation, and dMY has a proven operating system for ensuring ‘all weather’, rapidly-growing private companies become outstanding public companies.
dMY is democratizing investor access to category-creating technology companies by accelerating the time horizon and lowering the friction of the IPO process. dMY has raised over $2B of capital in 2020 alone and is focused on partnering with private companies able to command public market capitalizations in the $2B-$8B valuation range.
In the last year we have taken public the world’s first quantum computing company (IonQ), the world’s leading sportsbook data company (Genius Sports Group), and the leading US online casino player (Rush Street Interactive). We can’t wait to pioneer with you and aim to define an entirely new category of a public company with each dMY IPO.
Our principals have a unique pedigree as public companies CEOs, CFOs, and independent directors. dMY’s founders have conducted over 40 IPOs, dozens of public secondary financings, and hundreds of public M&A transactions. We uniquely understand what it is like to sit in the CEO and CFO chair during the IPO process and have honed a playbook to maximize the success of your public debut.
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Chief Executive Officer
Niccolo de Masi is an experienced public company chief executive officer and board member with deep expertise in mobile, deep tech, and creating software and hardware ecosystems.
He serves or will serve on the Board of all three dMY Technology SPAC-IPOs post close: Rush Street Interactive, Genius Sports Group, and IonQ.
Over the course of his career, Mr. de Masi has consummated over 25 mergers and acquisitions and has raised approximately $3 billion in equity to support public and private companies he has led. He has held leadership positions in five mobile companies: Glu Mobile, Inc. (Nasdaq: GLUU) (“Glu”), Essential Products, Inc. (“Essential”), Xura, Inc. (formerly Nasdaq: MESG) (“Xura”), Hands-On Mobile and Monstermob Group PLC (formerly LSE: MOB) (“Monstermob”). Mr. de Masi became Chief Executive Officer of Glu and of Monstermob before the age of 30.
From December 2014 through its sale to Electronic Arts in 2021 for $2.4B, Mr. de Masi was Chairman of Glu Mobile, a gaming leader. Mr. de Masi was President and Chief Executive Officer from January 2010 to November 2016 and was instrumental in creating many of the app ecosystem’s “firsts,” including developing mobile “freemium” gaming (of which Glu has published approximately one hundred titles), evolving the Android and iOS rewarded advertising ecosystems, and developing some of the world’s first mobile virtual reality (“VR”) and augmented reality (“AR”) experiences. Mr. de Masi additionally helped to create the entire category of celebrity games, launching Kim Kardashian: Hollywood in June 2014—a unique partnership with Kim Kardashian.
Between October 2018 and January 2020 Niccolo served on the Board of Directors of Resideo Technologies, Inc. (NYSE: REZI). He also served as President, Products and Solutions and Chief Innovation Officer. Resideo, which was spun-off from Honeywell International, Inc. in October 2018, is a leading global provider of critical comfort, residential thermal solutions and security solutions primarily in residential environments that operate in the IoT space. Resideo reported approximately $5 billion in net revenue in 2020 with approximately 13,000 employees.
Mr. de Masi serves on the Leadership Council of the UCLA Grand Challenges.
Mr. de Masi has served in numerous additional executive positions:
Mr. de Masi received first class B.A. and M.Sci degrees in physics from Cambridge University.
Chairman
Harry L. You is an experienced executive officer, chief financial officer and board member with extensive experience with technology companies. In September 2016, Mr. You founded GTY Technology Holdings, Inc. (Nasdaq: GTYH) (“GTY”), a special purpose acquisition company formed for substantially similar purposes as dMY Technology Group. From September 2016 until February 2019 (when GTY consummated its initial business combination), Mr. You served as President, Chief Financial Officer and Director. Following February 2019, he served in various executive capacities: President (February 2019 to May 2019), Chief Financial Officer (February 2019 to August 2019) and director (serving as Vice Chairman since May 2019).
GTY completed its initial public offering in November 2016, generating aggregate gross proceeds of $552 million. In February 2019, GTY completed its initial business combination in which GTY acquired each of Bonfire Interactive Ltd., CityBase, Inc., eCivis Inc., Open Counter Enterprises Inc., Questica Inc. and Questica USCDN Inc., and Sherpa Government Solutions LLC.
GTY is a software as a service (“SaaS”) company that offers a cloud-based suite of solutions for the public sector in North America. GTY serves some of the fastest growing segments in the government technology sector, including procurement, payments, grants management, permitting, and budgeting.
Previous to founding GTY, Mr. You served as Executive Vice President in the office of the chairman of EMC Corporation (formerly NYSE: EMC) (“EMC). Mr. You joined EMC in 2008 to oversee corporate strategy and new business development, which included mergers and acquisitions, joint ventures and venture capital activity. He was with EMC from 2008 until it was acquired by Dell Technologies in 2016.
Since August 2016, Mr. You serves as a trustee of the U.S. Olympic Committee Foundation, and since January 2019, he serves as a member of the Board of Directors of Broadcom Inc. (Nasdaq: AVGO).
Mr. You has served in numerous additional executive positions:
Prior to 2001, Mr. You spent fourteen years on Wall Street, including serving as a managing director in the Investment Banking Division of Morgan Stanley, where he headed the Computer and Business Services Group.
Mr. You was ranked #1 Chief Financial Officer by Institutional Investor in the Computer Services & IT Consulting sector in 2004.
Mr. You holds an M.A. in Economics from Yale University and a B.A. in Economics from Harvard College.
Vice President
Mr. Chung currently serves as vice president for dMY Technology Group. Prior to joining dMY Technology Group, Mr. Chung served as a senior investment banking associate in Goldman Sachs’ Technology, Media and Telecommunications Group assisting management teams with financing and M&A advisory projects across private and public companies in consumer internet and software as well as working with Goldman Sachs partners on business development efforts to outline strategic initiatives for senior leadership. Mr. Chung holds a bachelor’s degree from Stanford University and a Master of Business Administration from Stanford University Graduate School of Business.