Lam, a GCV Powerlist 2016 winner, founded the Time Warner Investments group in 2003 and invested more than $325m in 54 companies before leaving earlier this year.

Rachel Lam, former head of corporate venturing unit Time Warner Investments, has set up a venture capital firm, Imagination Capital, with her former CEO, Richard “Dick” Parsons.

She said Imagination Capital was targeting $250,000 to $500,000 in initial investments in institutional seed and A rounds for about 20 to 25 startups in esports, big data/machine learning, and digital media.

Parsons, who stepped down as CEO of Time Warner in 2007, is now the CEO of the Los Angeles…

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