David Baum

David Baum is a prominent entrepreneur and investor, currently serving as the founder of The Initial Development Company. His professional background spans over 35 years in the information technology and venture capital sectors. Baum is also the managing director of Stage 1 Ventures, which he founded in 2006, focusing on early-stage investments in various technology sectors including mobile applications, cloud-based solutions, and the Internet of Things.1

Career Highlights::

• Entrepreneurial Ventures: Baum has founded multiple companies, including Pensoft Corporation, a mobile communications firm that was sold to AT&T in 1994. He has also been instrumental in raising and managing significant venture capital funds, such as Prism Venture Partners, where he contributed to the growth of the fund from zero to over $1.25 billion under management.1
• Investment Focus: His investment interests cover a wide array of areas including consumer technology, e-commerce, big data, and alternative energy. Baum has been an active angel investor and supporter of entrepreneurs through organizations like Common Angels.1
• Education: He holds an MBA from Harvard Business School and a BS in Computer Science from Drexel University, where he graduated first in his class.1

In addition to his roles in venture capital and entrepreneurship, Baum is known for his commitment to mentoring and supporting new ventures. He aims to transform real estate projects into inspiring community spaces through his work at The Initial Development Company.2 His extensive experience and diverse investment portfolio make him a significant figure in both the technology and real estate sectors.