Here’s How Nobody Studios Plans To Build 100 Startups in Five Years

Decerry Donato

Decerry Donato is a reporter at dot.LA. Prior to that, she was an editorial fellow at the company. Decerry received her bachelor's degree in literary journalism from the University of California, Irvine. She continues to write stories to inform the community about issues or events that take place in the L.A. area. On the weekends, she can be found hiking in the Angeles National forest or sifting through racks at your local thrift store.

Here’s How Nobody Studios Plans To Build 100 Startups in Five Years
Courtesy of Nobody Studios

With 14 startups under his belt and $5 billion worth of exits, Mark S. McNally wanted to use his expertise and pursue his idea of starting a studio.

“I was at a turning point in my career, three or four years ago, and was really determined to figure out whatever I did next was going to be a legacy builder,” McNally says.

That’s what McNally is hoping to do with Los Angeles-based crowd-funded venture capital studio Nobody Studios. The studio, co-founded with Barry O’Reilly, Eric Reis, Sejal Thakkar, Ray Leonard Jr. and, Meritxell McNally in 2020, announced plans earlier this month to create 100 companies in-house over the next five years. Their plan is to give anyone who wants to invest in their crowdfunding campaign, regardless of the amount invested, some influence towards the creation of new companies coming from the studio.


So far, Nobody has already raised over $260,000, surpassing its minimum goal of $25,000. But the studio is looking to raise an upwards of $5 million by the end of February to accelerate and build out more companies.

And since Nobody plans to build these companies in-house, those who invest into Nobody will earn equity across all of the startups they incubate.

Nobody is backed by the former head of Facebook gaming, senior executive from Riot Games, former CEO of Volkswagen, chief innovation officer at American Airlines and the former CEO of Coca Cola.

Nobody Studios CEO and co-founder Mark S. McNally

Nobody Studios

Due to the studio’s unique network spanning various industries, Nobody started forming advisory boards in each industry because McNally says each individual brings some significant kind of background that will benefit the creation of new startups and help the studio achieve its goal in the next five years.

With 11 startups in development, Nobody will own up to 70% of each company that it ideates, which McNally says will enable for more frequent and profitable exits.

“I was kind of instigated by seeing a lot of things I thought capital was starting to get wrong,” McNally tells dot.LA, “And don't get me wrong, there's some really fantastic VCs and they're part of our ecosystem, and they hopefully fund our companies as they grow as well.”

Oftentimes, investors throw hundreds of millions of dollars at something just to make sure it succeeds, says McNally, and while there are business models where that makes sense, he believes that “95% or more of business models aren't going to justify that type of funding.”

By his calculations, 80% of acquisitions happen under $250 million dollars. Which is why, McNally says, that if you are raising too much money early on, there is a high probability that the company is pricing itself out on “what’s probably the best possible exit for investors and founders.”

Some of the new companies currently in development include virtual event talent marketplace Ovationz, psychedelic education platform Webdelics, parent creator community platform Parentipity, full-spectrum addiction support company Prehab Life, collectibles trading app LootHoundz and predictive sleep algorithm platform Sleep Glide.

“People are really attracted to the idea of being exposed to lots of companies and the diversification of risk really resonates with a lot of people,” McNally says.

In addition, McNally notes that while Nobody is industry agnostic when it comes to the startups they create, they will have some concentration in the health and wellness space because this is an industry that he and his team is super passionate about.

Currently, the studio is also invested in one external startup called ThoughtForma, a London-based company that is focused on reducing the complexity and cost of developing technology products. McNally says that bringing on companies like ThoughtForma will help scale the future company creation along with its group of notable investors spread across various industries.

“We embraced this kind of the law of attraction and we just started telling our story,” McNally says. “A handful of relationships turned into other relationships that created this domino effect.”

🚁 One Step Closer to Air Taxis in LA
Image Source: Joby Aviation

🔦 Spotlight

Joby Aviation, a pioneering electric air taxi company, has achieved a significant milestone by successfully flying a hydrogen-electric aircraft demonstrator for 523 miles with only water as a byproduct. This groundbreaking flight showcases the potential for emissions-free regional travel using vertical take-off and landing (eVTOL) aircraft, eliminating the need for traditional runways. The company's innovative approach combines its existing battery-electric air taxi technology with hydrogen fuel cells, paving the way for longer-range, environmentally friendly air travel.

For LA residents, this development holds exciting implications for future transportation options. Joby's technology could potentially enable direct flights from LA to destinations like San Francisco or San Diego without the need to visit conventional airports, offering a cleaner and more convenient alternative to current travel methods. The company's progress in both battery-electric and hydrogen-electric aircraft positions it at the forefront of next-generation aviation, promising to revolutionize urban and regional mobility.

Notably, Joby Aviation has already made strides in Southern California by securing an agreement with John Wayne Airport earlier this year to install the region's first electric air taxi charger. This strategic move sets the stage for LA to be among the initial markets where Joby will launch its electric air taxi service. With plans to commence commercial operations as early as 2025 using its battery-electric air taxi, LA residents may soon have access to a fast, quiet, and environmentally friendly mode of transportation that could significantly reduce travel times and traffic congestion in the region. In the not too distant future, LA might find itself in an identity crisis without traffic and excess smog 🤞🤞.


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Fuel Innovation: 7 Unforgettable Team Building Experiences in LA
Image Source: Discover LA

In today's competitive business landscape, team building activities have emerged as a crucial tool for fostering a positive work environment, enhancing productivity, and crucially, improving employee retention. Studies have shown that such activities help employees feel valued, with one report indicating that 93% of those who felt appreciated were more motivated at work. Importantly, team building events may improve retention rates, as employees who feel connected to their colleagues and company culture are more likely to stay long-term. With these benefits in mind, let's explore some of the most engaging and effective team building activities available in Los Angeles.

Pickleball

Image Source: Modern Luxury Angelino

Pickleball is a fantastic team bonding activity because of the easy-to-grasp rules and gentle pace make it perfect for everyone, regardless of age or fitness level. The game thrives on communication and teamwork, as players must collaborate and strategize to outplay their opponents, boosting team cohesion. Plus, the lively, fast-paced action sparks friendly competition and laughter, creating a fun and spirited atmosphere that brings everyone closer together. Los Angeles boasts numerous pickleball courts that are easy to rent if you have your own equipment. If you need additional assistance organizing your pickleball outing, there are plenty of full-service companies ready to handle every detail for you.

Resources: Pickle Pop, Corporate Pickle


Escape Room

Image Source: The Escape Game

Escape rooms are a great way to build camaraderie. They require participants to work together, combining their problem-solving skills and creativity to overcome challenges and puzzles. The immersive and time-sensitive nature of escape rooms fosters collaboration and communication. Additionally, the shared experience of tackling complex tasks and reaching a common goal helps build trust and foster positive emotions among colleagues.

Resources: The Escape Game, 60Out


Day Trip to Catalina Island

Image Source: Love Catalina

Catalina Island is a perfect day trip for a team because it provides a break from the usual work environment, allowing team members to relax and connect in a new setting. Shared experiences during the trip, such as exploring new places and participating in fun activities, help build stronger relationships and foster a sense of camaraderie. There are numerous team-building activities such as an arboreal obstacle course, an island tour, scavenger hunts and more.

Resources: Catalina Island Group Activities


Top Golf

Image Source: Topgolf

Topgolf is an excellent team building event because it provides an inclusive, relaxed atmosphere that accommodates players of all skill levels, fostering personal connections and improving team morale. The unique blend of competition and entertainment creates an ideal setting for building trust, enhancing communication, and revealing hidden skills among team members. Additionally, Topgolf offers structured team building packages with guided activities, discussion prompts, and lessons on culture, change, collaboration, and strategy, making it a versatile and effective platform for strengthening relationships and boosting overall team performance.

Resources: Topgolf El Segundo


SoFi Stadium Tour

Image Source: Discover LA

A SoFi Stadium tour offers a unique, behind-the-scenes experience of one of the world's most advanced sports venues, allowing team members to explore exclusive areas like premium suites, team locker rooms, and the player tunnel together. The tour provides a shared, memorable experience that can foster camaraderie and spark conversations among team members, regardless of their interest in sports. Additionally, the stadium's state-of-the-art features and impressive architecture can inspire creativity and innovation, while the group setting encourages interaction and collaboration, making it an engaging and enjoyable activity for teams of various sizes and backgrounds

Resources: SoFi Stadium Group Tours


Corporate Volunteering

Image Source: L.A. Works

Volunteer work serves as an excellent team building activity by uniting employees around a shared, meaningful cause, fostering a sense of purpose and collective accomplishment. It provides opportunities for team members to collaborate in new ways, often revealing hidden strengths and leadership qualities that may not be apparent in the regular work environment. Additionally, engaging in community service can boost morale, enhance the company's reputation, and instill a sense of pride among employees, leading to improved workplace relationships and increased job satisfaction.

Resources: Habitat for Humanity, L.A. Works, VolunteerMatch


Corporate Improv Sessions

Image Source: Improv for the People

A corporate improv class encourages spontaneity, creativity, and quick thinking, skills that are valuable in the workplace. It promotes active listening and collaboration, as participants must work together to create scenes and respond to unexpected situations, fostering better communication and trust among team members. Additionally, the playful and often humorous nature of improv helps break down barriers, reduces stress, and creates a shared positive experience that can improve team morale and cohesion long after the event.

Resources: Improv-LA, Groundlings, Improv for the People

🎬 Paramount and Skydance Are Back On
Image Source: Paramount

Happy Friday Los Angeles! Hope you all had a fantastic Fourth!!

🔦 Spotlight

Paramount and Skydance Media have rekindled talks to merge after negotiations abruptly halted in June. The proposed deal, contingent on approval from Paramount’s board, aims to combine Paramount’s extensive media holdings—including CBS, MTV, and Nickelodeon—with Skydance’s film expertise showcased in hits like "Top Gun: Maverick." This merger signals a potential transformation in the media landscape, positioning the new entity to compete more effectively amid challenges from streaming services and the decline of traditional cable TV.

Led by Shari Redstone, Paramount’s controlling shareholder via National Amusements, the deal represents a pivot towards revitalizing Paramount’s strategic direction amidst financial struggles and shareholder concerns. The involvement of major investors like RedBird Capital Partners and David Ellison underscores the financial backing aimed at stabilizing Paramount’s operations and addressing its $14 billion debt burden. Importantly, the agreement includes provisions to protect National Amusements from potential legal challenges, addressing previous hurdles that stalled earlier negotiations.

The deal also includes a 45-day period for Paramount to explore alternative offers, highlighting continued interest from other potential buyers like Barry Diller’s IAC and media executive Edgar Bronfman Jr. This flurry of activity underscores the significant stakeholders’ interest in Paramount’s future and its potential as a key player in a rapidly evolving media industry.


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  • Sidecar Health, a startup that offers personalized health insurance plans to businesses that allow members to see any doctor and pay directly at the time of service, raised a $165M Series D led by Koch Disruptive Technologies. - learn more

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