H. Edward Young is one of the founders of The Source Magazine, arguably one of the most significant cultural phenomena in modern music and popular culture. From 1989-2000, Mr. Young took The Source from several hundred paid circulation to over 350,000 paid circulation and from approximately $300,000 in revenue to in excess of $20,000,000 annually. During this time The Source was consistently profitable and was among the top five fastest growing magazines for every year during the 1990’s.
Through his magazine, The Source, Mr. Young became a specialist in popular cross-branding and advertiser procurement and is credited with having opened the premiere advertising categories of athletic footwear, Fila, and videogames, Sega, to the music-based and content communities. The strategies that he developed in the early nineties are now seen as standard operating procedure and have created billions of dollars in sales. Prior to his sales presentations and subsequent advertising contracts, these categories had shunned the urban culture.
In 1997, Mr. Young arranged a sale of his equity position in The Source to his partner, but his management of the publishing operations extended through June of 2000, where he prepared the magazine to successfully compete with Time-Warner’s launch of Vibe Magazine.
In November of 2000, Mr. Young was retained by the venture capital firm 212 Ventures to become the Chief Executive Officer of Mighty Seven Networks, a financially and organizationally troubled online customer-acquisition and marketing company. After a successful turnaround of this company, Mr. Young moved into various other entrepreneurial ventures in the turnaround space.
In 2005 Mr. Young invested in Aquatec Water Treatment, an established African-American owned chemical water treatment company. As a Director and corporate vice president, he and the existing management have worked to expand the 25-year old company into the residential water treatment market through strategic relationships with General Electric and other major water industry companies.
Currently, he is the CEO of the software company 40A, Inc., which has developed affinity browser technology that is featured in the new Blackbird browser.
Mr. Young has become known for his unique eye for extraordinary new and old media content and operational turnaround. Further, he has also served on the National Endowment for the Arts Literary Magazine and Press funding boards and is widely recognized as being instrumental in the successful injection of funding into the Literary Publishing community. He is also a board member of The Institute for Entrepreneurial Leadership (IFEL).
Mr. Young is a Magna Cum Laude graduate of Harvard University and currently resides in New Jersey with his wife of sixteen years, Karen, and their nine-year old son.