In 1998, Davis joined America Online as senior vice president of corporate development and was subsequently appointed president/COO of the AOL Interactive Properties Group, where he led the internet brands and businesses of AOL.[5][6] In 2005, Davis and AOL co-founder Steve Case launched venture capital firm Revolution LLC, based in Washington, DC, which—as of March 2022—has invested more than $1.5 billion, including notable early investments in Scopely,[7]Zipcar,[8]DraftKings,[9]Sportradar, CLEAR and BigCommerce.[10][11][12]
In 2003, Davis and Case purchased the Miraval Resort and Spa in Tucson, Arizona.[13] In 2004, Davis and Case acquired the majority stake of start-up Exclusive Resorts, and Davis served as CEO of the company from 2005 to 2008.[14] In 2016, Davis, Ted Leonsis and Peter Guber led an investment group that acquired majority ownership of esports team Team Liquid, which has twice won ESPN’s e-sports Team of the Year.[1][2]
In 2017, Davis created and launched a new mixed martial arts company called the Professional Fighters League, which presents MMA in a sports-season format and is broadcast in 160 countries. Davis has since raised $175 million of total capital for the league, including a $65 million financing round in February 2021 with investors Legends Hospitality, Elysian Park Ventures, Knighthead and Ares Management.[15] Davis currently serves as PFL founder and chairman of the board.[16]
Personal life
Davis married Sharon Bowden in 1994. They have three children and reside in Great Falls, Virginia.[17]