Brock Pierce (born November 14, 1980) is an American entrepreneur known for his work in the cryptocurrency industry and former child actor. As a child actor, he was in Disney films The Mighty Ducks (1992), D2: The Mighty Ducks (1994) and First Kid (1996).
Video Brock Pierce
Acting career
Pierce was born in Minnesota, and appeared in commercials as a toddler. His first major role was playing a young Gordon Bombay in The Mighty Ducks (1992). Pierce reprised the role in D2: The Mighty Ducks. He starred as Luke Davenport in First Kid (1996). Pierce had small roles in Little Big League (1994), Ripper Man (1995), Problem Child 3 (1995), Three Wishes (1995), and Earth Minus Zero (1996).
Maps Brock Pierce
Digital Entertainment Network
Pierce retired from acting at 17 and joined as a minor partner with Marc Collins-Rector and Chad Schackley in establishing Digital Entertainment Network (DEN), which succeeded in raising $88 million in venture capital. He produced its first show, a pilot for gay teenagers called Chad's World. Pierce began enjoying a lavish lifestyle in Los Angeles riding the Dot-com bubble. As an 18 year old, Pierce was making $250,000 a year and held 1% of the company's shares. Within three years, DEN, never having made a profit and having exhausted its venture capital, collapsed and Pierce fled the U.S. with his two co-founders when a number of former underage DEN employees made sexual misconduct allegations against them. The three were arrested by Spanish police before being returned to the US. Though Pierce was not ultimately charged, his partner Collins-Rector was convicted on multiple counts of child enticement involving boys.
Bitcoin/cryptocurrency career
In 2013, Pierce joined brothers Bart and Bradford Stephens in founding venture capital firm Blockchain Capital (BCC) which was reported to have raised $85 million in two venture funds by October 2017. Described as its managing partner, Pierce announced a $50 million Initial Coin Offering (ICO) by BCC in February 2017. On its launch in June 2017, the currency was named EOS and marketed through a new vehicle called Block.one of which Pierce was variously described as co-founder, head, minority partner and advisor. Block.one was said to be developing "end-to-end solutions to bring businesses onto the blockchain from strategic planning to product deployment" by means of its later to be released EOS.IO software created by Brendan Blumer and programmer Dan Larimer, Block.one's CEO and CTO, respectively. The ICO attracted $700 million and was by far the biggest in 2017. By March 2018, Pierce's role at Block.one had changed to chief strategy officer and he resigned from the company that month.
Pierce was elected Director of the Bitcoin Foundation in May 2014. Several members of the Bitcoin Foundation resigned after his election due to the previous allegations of sex abuse against Pierce. The organisation announced its insolvency in July 2015.
In a February 2018 issue of Forbes magazine Pierce was named in the top 20 wealthiest people in Crypto with an estimated net worth between 700 million and 1.1 Billion.
Other ventures
Internet Gaming Entertainment
In 2001, Pierce founded Internet Gaming Entertainment (IGE), a company which pioneered the MMORPG currency-selling services industry. Between 2004 and 2005, IGE spent more than $25 million buying out seven smaller competitors, including four auction platforms and a number of fan and content sites. In 2005, Pierce estimated that IGE accounted for about 50% of this online market in the U.S., which has about $500 million in annual volume.
Pierce brought in Steve Bannon, the then former Goldman Sachs banker, to seek venture capital and a deal was made in February 2006 yielding $60 million of which Pierce took away $20 million for a minority stake. The next year, facing a class-action lawsuit, the company failed, had no assets and Pierce was forced out.
Pierce founded ZAM, a network of websites oriented around massively multi-player online role-playing games (MMORPG), such as World of Warcraft, Star Wars: The Old Republic, Rift, EverQuest, etc., in 2003. The ZAM.com network included gaming websites such as ZAM.com, Wowhead, Thottbot, Torhead, and D3DB.
Titan Gaming/Playsino
In 2010, Titan Gaming recruited Pierce to sit on its board along with EA Executive Keith McCurdy. Pierce joined other Southern California angel investors, including MP3.com's Michael Robertson, SOA Software's Eric Pulier and William Quigley and Jim Armstrong of Clearstone Ventures. Also that year, Titan Gaming purchased the rising online gaming network Xfire from Viacom. In October 2011, after Xfire received over $4 million in fresh funding from Intel Capital, Titan Gaming and Xfire cut ties and went their own ways. Titan Gaming and Xfire now operate independently. In late April 2012, Titan Gaming announced that it would be rebranded as Playsino to embark in a complete makeover, with Pierce as the new CEO and $1.5 million of new funding.
As of 2013, Pierce was managing director of the Clearstone Global Gaming Fund a board member of IMI Exchange (a remnant of the IGE restructuring), Xfire, Playsino (having been replaced as CEO in 2013), GoCoin, FGL, Spicy Horse Games, KnCMiner.cn and the Mastercoin Foundation. He was also a member investor of Bit Angels and an investor in BTC China.
Pierce has been a guest speaker at the Milken Global Conference Singularity University, and Caltech.
References
External links
- Brock Pierce on IMDb
- "How a Visionary Venture on the Web Unraveled" from the JosephMenn.com
Source of the article : Wikipedia
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