Sky Dayton

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Sky Dylan Dayton (born August 8, 1971) is an American entrepreneur and investor.

He is the founder of EarthLink, co-founder of eCompanies and Boingo's founder.

Early life

Wendell Dayton's father was sculptor Wendell Dayton, and Alice Pero, a poet and flutist, was his mother. The family moved to Los Angeles just after his birth in New York City. David DeWitt, an IBM Fellow who was instrumental in introducing Dayton to technology, lived for a period of time with his maternal grandfather, David DeWitt, an IBM Fellow who was instrumental in the introduction of Dayton to technology.

He first got his first computer, a Sinclair ZX81, which he used to learn about BASIC at the age of nine. Dayton graduated from The Delphian School, a private boarding school in Oregon that uses research methods developed by L. Ron Hubbard. He wanted to be an animator but was refused admission to CalArts (the California Institute for the Performing Arts), saying he was too young at the time. Rather, Dayton began working at a Burbank, California, media company, and three months later, he became the graphics manager. He joined Mednick & Associates, a large advertising company, where he was in charge of a similar role until he was 18.

Personal life

Dayton, a surfer, amateur poker player, and airplane pilot.

Arwen Elys Dayton, a novelist, has married Dayton. They have three children and live in the Pacific Northwest.

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Entrepreneurial career

At the age of 19, Dayton's first venture was launched in 1990. He and a friend donated funds from family and friends to open Mocha Gallery (later Cafe Mocha), an art gallery and coffee house in Los Angeles. Adam Wicks Walker, a Dayton/Walker Design company that services entertainment companies such as Fox Television, Disney, Columbia Pictures, Sony Pictures, and Warner Brothers, was managing Cafe Mocha, Dayton, Dayton, and the Warner Brothers.

Dayton said that after having a hard time getting his Macintosh computer to access the internet in 1993, he predicted that the Internet would be the next mass communications medium. Dayton's earliest interest in the Internet and its business opportunities was outlined in an article in Vanity Fair: he began by expressing his earliest involvement in the Internet and its business potential.

Dayton created EarthLink, an Internet service provider (ISP) that would provide Internet access to the public in 1994. EarthLink's first financial backers were Kevin O'Donnell, the father of a childhood friend, and Reed Slatkin. Greg B. Abbott, former AT&T CFO Robert Kavner, Chip Lacy, and later larger investors such as George Soros followed them.

In Los Angeles, California, EarthLink started in a 600 square foot (56 m2) office. EarthLink had an agreement with UUNET by the summer of 1995, allowing it to provide nationwide coverage. The corporation was growing at a rate of 5–10% a week by 1996. Dayton changed his name from founder CEO to executive chairman, handing over day-to-day operations of the company to Charles "Garry" Betty. Dayton, a long-serving Mac user, was instrumental in the development of a strategic partnership with Apple that made EarthLink the default ISP pre-loaded on the iMac in 1998. Apple's EarthLink investment in this connection resulted in a $200 million investment. After AOL, EarthLink expanded to become the second largest US internet service provider, with more than four million clients and over $1 billion in annual revenue.

Dayton's name changed again in June 1999, this time to non-executive chairman of EarthLink. With former Disney Internet chief Jake Winebaum, he formed eCompanies, an incubator and venture capital fund for growing Internet businesses. eCompanies, a privately held company, successfully launched LowerMyBills.com, which was purchased by Experian in 2005 for $380 million and JAMDAT Mobile, which went public and was then purchased by Electronic Arts in 2005 for $680 million. During the dot com bubble, Dayton and eCompanies made news by purchasing the Business.com domain name, which is believed to have been the highest price ever paid for a domain at the time; RH Donnelly sold the Business.com search portal to RH Donnelly in 2007.

Dayton formed Boingo Wireless in 2001 to solve what he saw as a fragmentation problem inherent in Wi-Fi networks. Boingo has integrated Wi-Fi hotspots around the globe into a single network, and it has developed to become one of the world's biggest Wi-Fi providers. In January 2011, Boingo filed for IPO, naming Dayton as the owner of 15% of the company. Boingo Wireless went public on May 4, 2011, selling 5,770,000 shares at $13.50 per person, raising $77.9 million. Dayton served as Boingo's chairman until August, 2014.

Dayton, a mobile phone joint venture of EarthLink and SK Telecom, was established in 2005 with $220 million in funding from each company. Dayton resigned as chairman of EarthLink at the time, but remained a director. He was named Chairman of Helio's board of directors in January 2008 for the months leading up to Helio's takeover by Virgin Mobile USA in June, 2008.

Dayton, a board member of Age of Learning, which raised $150 million in 2016 at a $1 billion estimate and $300 million in July 2021, valuing the company at $3 billion.

He is an investor and board member of Diffbot, a semantic web and structured data startup, and Artsy, an online art auction, which raised $50 million in July, 2017. “Only very few people who could afford to buy [art] are doing so,” Dayton said of the art market and company. Many people are held back by high barriers to entry, which Artsy is addressing.

He is an investor in Joby Aviation, a NASA LeapTech company that builds an electric vertical take-off and landing aircraft that cost $100 million from Intel, JetBlue, and Toyota in February, 2018 and went public in August, 2021 at a cost of $6.6 billion.

Dayton was the early investor in Ring, the video doorbell company that Amazon bought in February, 2017 for $1 billion.

Dayton, a co-founder of City Storage Systems and CloudKitchens, who also joined the firm as its CEO in March, 2018, has announced plans to expand into China as of February, 2019.

Dayton, along with PayPal co-founder David Sacks, led the Series A investment in micro satellite startup Swarm Technologies in January, 2019. "Swarm's strategy reminds me of the early days at EarthLink—stay super scrappy, please clients, and quickly," Dayton said of the transaction, which was described as "a rare deal by Elon Musk's space company that increases the team, as well as the technological capabilities of its expanding Starlink internet service."

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