Luminari Capital is a digital media fund focused on the innovation and disruption occurring globally throughout the video ecosystem. Luminari believes that we are currently in the early-stages of a video creation, distribution, and consumption paradigm shift that will lead to a fundamental transformation of the $500B+ global, video ecosystem. This has already occurred in the prior three major waves of evolution in video: Broadcast TV, Cable TV, and Satellite TV. In each of these transitions, a large number of start-up companies were funded in the areas of software & services, data & analytics, advertising technology, hardware & infrastructure, and content. Several of these companies achieved market capitalizations measured in the tens of billions of dollars, with a couple of them eclipsing $100B.