Deutsche Telekom Capital Partners (DTCP) has hired Jack Young, previously the managing director of North America at Qualcomm Ventures, as Partner. At DTCP, Young will be in charge of global venture operations.
Young worked at Qualcomm Ventures for 8 years, since February 2008. Young also launched an investment firm in early 2015, called dRx Capital, which is a joint effort of Qualcomm and Novartis.
One of Young’s most high profile portfolio companies at Qualcomm Ventures was Fitbit, which IPO'd last year. Other companies he invested in include AirStrip; mobile ECG company AliveCor; cloud-based home care startup ClearCare; remote video visits startup Doctor On Demand; clinical research platform goBalto; mobile-enabled diabetes prevention company Omada Health; cellular-enabled blood glucose meter company Telcare; and health management company Welltok.
At DTCP, Young will lead a team of investors focusing on Europe, US and Israel.
"Jack brings great balance between foresight and a structured investment approach to our venture capital operation," DTCP CEO Vicente Vento said in a statement. "With his unique qualification and proven track record in building funds and reputable brands, we welcome Jack to our $2 billion investment platform.”
Two years ago, at an event, Young said the excitement in digital health was still on the upswing and almost 200 investors had at least one digital health company in their portfolio.
"Some investors and some entrepreneurs are going to be disappointed," Young said at the time. "Unless you are a committed investor and know what you are doing. The 'one-off' investors are going to be disappointed."