Partner, Venrock Associates
As a Partner at Venrock in New York, David focuses on early stage venture investing in consumer and enterprise tech companies with a recent focus on robotics, crypto and consumer products. His active investments include Dapper Labs, Running Tide, Dstillery, Smartling and Simbe Robotics. His is also a Board Member of Arduino. He led both the Series A and Series B rounds in Dollar Shave Club and sat on the board until that company was acquired by Unilever for $1B in July of 2016. He served on the Board of Crunchyroll (acquired by The Chernin Group) and led Venrock’s investment in Klout which was acquired by Lithium Technologies. In April 2017, he was named the 55th top venture capitalist in the world by CB Insights.
Previously, Pakman was the CEO of eMusic, the world’s leading digital retailer of independent music, second only to iTunes in number of downloads sold. 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, $68M in revenue and more than 12% market share.
Prior to joining eMusic, Pakman was Co-Founder and President of Business Development and Public Policy at Myplay, Inc., the company he co-founded in 1999 in Redwood City, CA that introduced the “digital music locker” and pioneered the locker category. In 2001, Myplay was sold to Bertelsmann’s ecommerce Group. Before Myplay, he was Vice President at N2K Entertainment, which created the first digital music download service. He also was the co-creator of Apple’s Music Group and a product manager at Apple.
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 degree in Computer Science Engineering and is an avid musician and songwriter. He testified in front of Congress regarding internet music streaming in 2012, 2016 and 2017. He also served on the Board of POTS, a human services non-profit in the Bronx helping low-income families and is a Trustee of St. Luke’s School in Connecticut.
Venrock is a premier venture capital firm with offices in Palo Alto, New York and Boston. Originally established as the venture capital arm of the Rockefeller family, Venrock continues the eight-decade tradition of partnering with entrepreneurs to establish successful, enduring companies. Having invested $2.5 billion in nearly 450 companies resulting in more than 125 IPOs in 41 years, Venrock’s investment returns place it among the top tier venture capital firms that have achieved consistently superior performance. With a primary focus on technology and healthcare, portfolio companies have included Adify, AppNexus, Apple, athenahealth, Castlight, Check Point Software, Cloudflare, DoubleClick, Gilead Sciences, Idec Pharmaceuticals, Illumina, Intel, Ironwood, SlideShare, 10x Genomics, Nest and Dollar Shave Club. For more information, please visit Venrock’s website at www.venrock.com.