Richard Mgrdechian

Richard Mgrdechian Email and Phone Number

Tech entrepreneur with expertise in corporate restructuring, business transformation, strategic innovation, AI and ML. @ Prometheus Partners
Los Angeles, California
Richard Mgrdechian's Location
New York City Metropolitan Area, United States, United States
Richard Mgrdechian's Contact Details

Richard Mgrdechian personal email

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About Richard Mgrdechian

I am a management professional with significant experience in both startups and distressed situations, and a strong focus on technology, media and telecommunications (TMT). I was the founder of two tech companies, the second of which was acquired by Yahoo. I have spent the majority of my career focused on bringing ideas together in new ways, building novel businesses, and fixing companies in various states of distress. My goal in every situation is to re-imagine and re-engineer the business, strategies, operations, technologies and processes in non-obvious ways to create long-term competitive advantages.I have significant organizational and project management experience in areas including hardware and software development, complex media projects, consulting and investment banking. I have substantial experience in corporate restructuring, turnarounds and reorganizations, finance, capital markets and related areas.I have a proven expertise in creating new operational frameworks and bringing previously unrelated ideas together in novel and non-obvious ways.I have an excellent understanding of a highly diverse set of technologies and business models, including latest developments in machine learning, artificial intelligence, data analytics and Python programming packages.I am highly focused on root-cause analysis for preemptive actions and ambiguous situations. I have a strong ability to interface with all levels of an organization including programmers, engineers, researchers, finance personal, strategists, C-level executives, board members, and others.I hold a BS in Electrical Engineering from the California Institute of Technology (Caltech), and an MBA from Columbia University.

Richard Mgrdechian's Current Company Details
Prometheus Partners

Prometheus Partners

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Tech entrepreneur with expertise in corporate restructuring, business transformation, strategic innovation, AI and ML.
Los Angeles, California
Employees:
19
Richard Mgrdechian Work Experience Details
  • Prometheus Partners
    President
    Prometheus Partners Jun 2016 - Present
    Providing strategic consulting services primarily for financial services and technology, media and telecommunications (TMT) situations and related areas with respect to:● Turnaround strategies and operational/debt restructuring, particularly for situations impacted by disruption occurring as a result of creative destruction, Cloud services and the sharing economy. ● Business and digital transformation, machine learning and AI opportunities, strategic innovation and outsourced project management services.
  • Purple Eagle Entertainment
    President & Ceo
    Purple Eagle Entertainment Nov 2010 - Dec 2016
    Passion project leveraging the dramatic technology and business process disruption occurring in the music industry to create a specialty purpose music label to develop new ways to entertain, educate, inspire and unify Americans in structured, meaningful and actionable ways. ● Conceived, created and built the company’s core property, the nationally known musical act, Madison Rising (America’s most patriotic rock band) which has an especially strong following in the military and veteran communities. The band has performed at over 300 events including NFL half-time shows, NASCAR, Sturgis and other major venues, and opened for rock legends Aerosmith, Lynyrd Skynyrd, Steppenwolf, Kansas, Weezer, Godsmack, Toby Keith and others.● Strategically defined the brand, mission and message as well as all elements of the marketing, promotional and distribution strategies in order to completely circumvent the traditional music industry.● Utilized agile project management methods and sprints to reduce development time over multiple processes (including auditions, training, writing, recording, production, videos, marketing and distribution) from years to months.● Produced three albums and best-selling rock rendition of the Star Spangled Banner (over 8 million views on YouTube) that has sold nearly 200,000 copies, reaching #1 on the Amazon rock charts. Nearly 2 million minutes of our music is streamed each year.● Transitioned day-to-day operations to professional management company in 2016.
  • Traxi Llc
    Managing Director
    Traxi Llc Jul 2008 - Jun 2009
    Us
    Provided restructuring advisory services for distressed situations. ● Developed detailed financial and operational projections, business strategy, 13-week cash flows, liquidation analyses, asset sales, valuations, and the development and negotiation of plans of reorganization.
  • Vicinity Messaging Corporation
    Founder & Ceo
    Vicinity Messaging Corporation Jan 2004 - Dec 2006
    Launched 1st generation mobile software service which was acquired by Yahoo! for integration into their next-generation mobile offering. Capitalized on the disruption occurring in the mobile communications space as a result of the widespread adoption of 3G Standards to create a new wireless communications technology that expanded the capabilities of social networking services to real-world situations. ● Led and managed the development of a Java/J2ME based system, integrating cellular, Bluetooth and Wi-Fi technology (US Patent Number 7,545,784) that I had invented and architected.
  • Petalogic Corporation
    President & Ceo
    Petalogic Corporation Jun 2000 - Sep 2002
    Silicon-Valley startup developing integrated optical technology to provide dramatic improvements in speed, cost and power to next-generation telecom networks. ● Defined and implemented all elements of company strategy including business plan, budgets, financial projections and partnerships. Secured over $5.0 million in financing and NRE revenue. ● Managed all day-to-day operations. Hired and managed over twenty employees including PhD physicists and senior CAD software developers. Led project management as well as the development of relationships with customers and strategic partners including Stanford University and Nortel Networks.● Negotiated and completed the sale of the company’s core technology to a major semiconductor equipment manufacturer despite a dramatic meltdown in the telecommunications industry.
  • Renwick Corporate Finance
    Co-Founder & Managing Director
    Renwick Corporate Finance Oct 1996 - May 2000
    NYC-based investment bank providing strategic, turnaround and financial advisory services to companies in the technology and consumer electronics industries.● Identified potential clients. Negotiated nearly two-dozen engagements. Was responsible for the execution and direct oversight of all aspects of these situations. ● Advised numerous companies on strategy, business plans, private placements, reorganizations, performance enhancement, operations, financial modeling, valuations and industry analyses. ● Lead witness for FBI in San Diego Federal fraud case involving over $30 million and nearly 100 investors; this testimony was key to the indictment, conviction and sentencing of the principals.
  • The Blackstone Group
    Associate: Restructuring And Reorganization Department
    The Blackstone Group Jul 1995 - Sep 1996
    Corporate Restructuring and Reorganization group representing various classes of debtors, creditors and equity holders in advisory assignments involving financially distressed situations:● Worked with troubled companies, investors, directors and management to identify and repair operational and balance sheet problems and develop reliable operating forecasts. ● Performed in-depth financial valuations using multiple methodologies in order to create sustainable capital structures, issue new securities, sell assets and maximize recoveries to creditors. ● Negotiated on behalf of various committees to achieve workable solutions among several opposing parties. Developed and proposed Plans of Reorganization under Chapter 11 Bankruptcy code.● Assisted in restructuring nearly $1 billion in bank loans, bonds, payables and other liabilities as well as mergers, acquisitions and recapitalizations for several companies including CCM, Harrah’s Jazz, G. Heilman Brewing and others.
  • Bear Stearns & Co.
    Associate – Summer And Part Time: Distressed Trading Desk
    Bear Stearns & Co. Jun 1994 - Jun 1995
    Montreal, Qc, Ca
    Performed extensive analysis of distressed securities and preparation of actionable buy-side research on situations including United Airlines, Western Union and others. Developed complex financial models.
  • Nasa: Jet Propulsion Laboratory (Jpl)
    Design Engineer
    Nasa: Jet Propulsion Laboratory (Jpl) Aug 1988 - Dec 1991
    Design of guidance control system for the Cassini mission to Saturn. Analyzed electronic parts reliability and quality assurance issues for spacecraft subsystems.

Richard Mgrdechian Skills

Start Ups Entrepreneurship Strategic Planning Business Strategy Management Venture Capital Strategy Strategic Partnerships Business Development Mergers And Acquisitions Business Planning Public Speaking Executive Management Financial Modeling Private Equity Telecommunications Corporate Development Management Consulting Competitive Analysis Financial Analysis Finance Financial Reporting Corporate Finance Managerial Finance Operations Management Restructuring Debt Restructuring Leadership Team Leadership Project Management Technology Management Analysis Digital Media Investment Banking Aerospace Electrical Engineering Patents Military Marketing Digital Marketing Music Industry Consumer Electronics Consulting Digital Transformation Due Diligence Machine Learning Business Process Improvement Artificial Intelligence Engineering Statistics Wireless Technologies Microsoft Excel Microsoft Office Innovation Management Technological Innovation Business Innovation Performance Enhancement

Richard Mgrdechian Education Details

  • Columbia Engineering
    Columbia Engineering
    Machine Learning And Artificial Intelligence
  • Columbia Business School
    Columbia Business School
    Finance
  • Caltech
    Caltech
    Electrical Engineering

Frequently Asked Questions about Richard Mgrdechian

What company does Richard Mgrdechian work for?

Richard Mgrdechian works for Prometheus Partners

What is Richard Mgrdechian's role at the current company?

Richard Mgrdechian's current role is Tech entrepreneur with expertise in corporate restructuring, business transformation, strategic innovation, AI and ML..

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What schools did Richard Mgrdechian attend?

Richard Mgrdechian attended Columbia Engineering, Columbia Business School, Caltech.

What skills is Richard Mgrdechian known for?

Richard Mgrdechian has skills like Start Ups, Entrepreneurship, Strategic Planning, Business Strategy, Management, Venture Capital, Strategy, Strategic Partnerships, Business Development, Mergers And Acquisitions, Business Planning, Public Speaking.

Who are Richard Mgrdechian's colleagues?

Richard Mgrdechian's colleagues are Karen Liu, Jessica B..

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