David R. Paolo

David R. Paolo
Born (1968-03-03) March 3, 1968 M
Providence
Residence East Greenwich, Rhode Island
Years active 1990 – present
Employer G Media Studios, Inc.
Spouse(s) Kathleen Paolo (1992 – present)
Children Three

David R. Paolo (born March 3, 1968) is a Rhode Island-based entrepreneur and business man, who founded Log On America in the 1990's, one of the first Internet companies [1][2]

Paolo is a majority shareholder of G Media Studios a Digital Creative Agency that specializes in Experiential Marketing. G Media has been acquiring other agencies and has been recognized as one of the largest in the region. [3][4]

Early life and education

Paolo was born in Providence and raised in Johnston, Rhode Island. He graduated from Lasalle Academy in 1986 and attended Roger Williams University, where he received a Bachelor of Science degree in business.[5]

Career

After completing his education at LaSalle Academy, Paolo worked at family run companies until 1992, when he founded Log On America. Paolo made a deal with WJAR Channel 10 in Providence and became the first company in the world to stream a television station on the Internet. [6] Paolo took feeds from WJAR Channel 10 and put them on the Internet in text format. He also brokered a deal with Gannett Publishing to bring the USA Today online which was delivered nationally over an X.25 network. In 1995, the firm started delivering high speed Internet access to corporations and institutes.[7][8]

In 1994, Paolo was appointed as Ambassador for the Greater Providence Chamber of Commerce. .[9]

Towards the end of 1996, Log On America was acquired by Global Telemedia, while Paolo still served as the CEO.[10] In 1998, he bought back the company. The same year, he raised $1.5 million in pre-IPO private equity and then filed a registration statement in January 1999 and the company went public in April 1999.[11]

Its offering during the dot com boom was hailed as the fifth best performing IPO in the history of the stock market knocking Mark Cuban's Broadcast.com from that position.[12] The company raised $25 million through the IPO and had a shareholder value of over a quarter of a billion dollars.[5][13] Paolo was selected as a finalist for the Ernst and Young Entrepreneur of the Year Award in 2000.[14][15]

Paolo joined SkyPath Networks in 2001 as non-executive chairman and served there till 2006. He later became the Chairman and CEO at iPower Applications and held the position till 2008, when he was introduced to the founding team of GoGo Cast and decided to join the company. In 2011, Paolo became the managing director of Brickhouse Holdings, LLC, a technology fund, while remaining in his role as the CEO of GoGo Cast. As of 2015, he serves as the President and CEO of G Media Studios, Inc.[16]

References

  1. ↑ "Log On America". Providence Business Journal. Retrieved 16 September 2016.
  2. ↑ "One Internet Supernova, Log On America, Seems to Be Dancing With Some Dubious Characters". Barrons. Retrieved 16 September 2016.
  3. ↑ "G Media Studios Completes Acquisition of Local Agency". Go Local Prov. Retrieved 16 September 2016.
  4. ↑ "One of Rhode Island's Top Entrepreneurs Launches New Venture". Go Local Prov. Retrieved 16 September 2016.
  5. 1 2 "PowerPlayer: GoGo Cast CEO David Paolo". Providence Business News. Retrieved 19 November 2015.
  6. ↑ "Regency Plaza is a Magnet for Internet Access Providers". Providence Journal. 10 October 1996. p. F-2.
  7. ↑ "Internet Provider Taking on Second Giant". Sun Journal. 23 June 1997. p. 10.
  8. ↑ "Amidst troubles, Log On America signs North Providence, R.I. as new DSL client". Boston Business Journal. Retrieved 19 November 2015.
  9. ↑ "GoGo Cast CEO David Paolo". Go Local Providence. Retrieved 19 November 2015.
  10. ↑ "One Internet Supernova, Log On America, Seems to Be Dancing With Some Dubious Characters". Barrons. Retrieved 19 November 2015.
  11. ↑ "Archives". SEC. Retrieved 19 November 2015.
  12. ↑ "Truth Serum: Why You May Wish You Never Heard of Log On America". The Street. Retrieved 19 November 2015.
  13. ↑ "Largest Internet Provider in Maine Sold". Bangor Daily News. 8 July 1999. p. 8.
  14. ↑ "David Paolo – Log On America Inc (loax)". The Wall Street Transcript. Retrieved 19 November 2015.
  15. ↑ "Providence Internet Provider Receives High Marks for Services". The Day. 1 March 1998. p. 17.
  16. ↑ "New Funding Source for Tech Companies – Brickhouse Holding Launches". Go Local Prov. Retrieved 19 November 2015.
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