Digital Labor

Richard Fay


Richard Fay has an extensive background in private equity and currently works with AlpRidge Capital, leveraging his experience and involves all aspects of transaction sourcing, execution and portfolio management and working with boards. Prior to joining AlpRidge, Richard established the North American office for the Eastern Horizon Group which is the principal investment arm for a German family that owns and operates companies with value in excess of 2 billion euros. Prior to EHG, Richard worked for Kidd & Company a private equity firm focused on the lower middle-market where he was responsible for sourcing, structuring and arranging financing for deals. Before working at Kidd & Company, Richard worked for Morgan Stanley, BNP Paribas and Sanford Bernstein. Richard holds an MBA from Cornell University, a master’s in financial economics from the Oxford University, and a bachelor’s in economics from Carnegie Mellon University.

Cooperative Content Corporation
CCC is developing a platform to support multiple user-­generated content sites. Users of these sites will be incentivized to create and submit content and engage with the content through a cooperative model of profit-sharing and ownership. Users will be able to see in real­time the equity and cash dividends their contributions have generated. Our algorithm will distribute compensation to our users (in cash and/or equity) according to the amount of engagement they drive. Profits will generally be retained by the company for reinvestment, though a periodic dividend may be paid to users. Initially revenue will be generated through ads; however, further down the line, sales of physical goods may be introduced. The site will initially launch with a number of verticals marketed under separate domain names.