David B. Pakman
| David Pakman | |
|---|---|
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| Born |
January 29, 1969 Philadelphia, Pennsylvania |
| Occupation | Internet entrepreneur and venture capitalist |
David Pakman (born January 29, 1969 in Philadelphia, Pennsylvania) is an internet entrepreneur and venture capitalist. As a Partner in Venrock's New York City office, David focuses on early stage venture investing in consumer and enterprise internet companies. His active investments include Dstillery (formerly Media6Degrees), Smartling, YouNow, Pearl Automation and Amino. He led the Series A and B rounds and sat on the board of Dollar Shave Club which was acquired by Unilever for $1 billion. He was a board member at Crunchyroll (acquired by The Chernin Group) and led Venrock's investment in Klout (acquired by Lithium Technologies).
David Pakman is a graduate of and a former member of the Board of Overseers at University of Pennsylvania's School of Engineering and Applied Science with a BSE (1991) degree in Computer Science Engineering and is an avid musician and songwriter.
At Penn, Pakman's senior design project advisor was David J. Farber. He was the co-founder of Penn Engineering's Dining Philosophers, the computer science club that, at the time, was Penn's chapter of the Association for Computing Machinery or the ACM.
In 1991, Pakman joined Apple Inc.'s System Software Product Marketing group and later co-created Apple's Music Group. There he co-founded the Macintosh New York Music Festival and co-produced the then-largest industry webcast to-date, the 1997 GRAMMY Awards.
In 2003, Pakman joined Dimensional Associates, a private equity firm focused on acquiring distressed digital media companies. The firm bought eMusic from Vivendi Universal and Pakman became the COO. In 2005, Pakman became the CEO and grew eMusic to become, at that time, the world's leading digital retailer of independent music, second only to iTunes in number of downloads sold. In the three years that Pakman ran it, he grew the business by more than 850%, from $7M in revenues to more than $68M. Pakman transformed the business from an obscure also-ran with 50,000 subscribers to the second largest digital music retailer in the world, with more than 400,000 subscribers and more than 12% market share (according to the NPD Group).
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