Hi, I'm David Wu. I'm an entrepreneur and investor.
David Wu's Bio:
David Wu is a San Francisco–based Partner who joined Maveron in 2012 to help identify new investments in emerging consumer Internet companies. Wu is a successful entrepreneur, technology executive, and angel investor who began his two-decade career in the computer and Internet industries writing a few hundred thousand lines of C++ code at Scitor and Synopsys. He subsequently spent 10 years at Homestead.com, where he was Chief Product Officer, CFO, and COO, helping grow the company to over 400,000 paying subscribers and its eventual acquisition by Intuit for $170 million in 2007. Following the acquisition of Homestead, Wu managed a variety of Intuit’s businesses as a vice president in the Small Business Group, including QuickBooks Online and Intuit.com.
Wu has strong ties to the Silicon Valley entrepreneurial community and prior to joining Maveron, invested in over 25 startups, including SeatMe, Practice Fusion, Postmates, Beautylish, and Taulia. He can often be found coaching and mentoring entrepreneurs at Stanford Business School and top Bay Area incubators such as Y-Combinator, AngelPad, 500Startups and Stanford’s StartX. He is a board member at August and Darby Smart, and previously served on the Board of Directors at SeatMe (acquired by YELP). David has also served as the Internet Committee chair on the Deal Screening Committee for the Band of Angels, Silicon Valley’s oldest seed funding organization. Wu is a Bay Area native and holds a BS in electrical engineering and a BA in economics from Stanford University.
In a past life, David has also toured the country as a professional bass player, as well as floated down the Mississippi River on a homemade raft.
David Wu's Experience:
Member, Board of Directors at Darby SmartFebruary 2014 - Present | San Francisco
Darby Smart is a do-it-yourself crafting ecommerce platform working with leading online DIY designers to kit, market, and sell their projects to consumers, complete with all materials and instructions needed to complete the project.
Member, Board of Directors at SeatMe, Inc.May 2011 - July 2013
Acquired by YELP (July 2013).
Member, Board of Directors at Line22010 - September 2012
Line2 allows you to add a second phone line to your iPhone,iPad, or Android device, so that you have two lines on one phone. It provides unlimited calling and texting, allowing you to separate your business calls from your personal calls, with separate numbers, caller ID, voicemail, contacts, and call handling. Line2 combines the best elements of Skype and Google Voice, but with business-grade features, reliability, and live customer support.
Executive-in-Residence at Redpoint VenturesJanuary 2011 - December 2011
Redpoint Ventures teams up with exceptional entrepreneurs to help build industry defining technology companies. Redpoint's portfolio includes innovative start-ups like Scribd, LifeSize, Blue Kai, HomeAway, Solyndra, Topspin Media, Gaia, Fortinet, Answers.com, and Redpoint partners have backed MySpace, Netflix, Danger, TiVo, Juniper Networks, Foundry Networks, Ask.com, Zimbra, RightMedia, and Documentum.
Member, Board of Directors at InfoAxe2009 - October 2010
Flipora is a Personalized Search and Discovery engine that is made by Infoaxe Inc. Flipora helps you remember the great websites you visit (with web history search) and recommends great websites to you based on what you've liked in the past. Discover the freshest, most interesting websites of the day that are automatically recommended to you based on what your friends and other like minded people enjoy each day.
Vice President, Small Business Group at Intuit2007 - September 2010
o Managed product management, marketing, and experience design for the Grow Your Business Division (2009-2010), delivering front office web services to small business customers, including Intuit Websites, Customer Manager, and Online Marketing Services. o Managed product management, software engineering, experience design, and business development for SBWeb Division (2007-2009), which included Quickbooks Online, Homestead, Intuit.com, Quickbooks Communities, JumpUp, StepUp, and MyCorporation. o Grew Homestead and QuickBooks Online subscription base to over 500,000 paying subscribers and annualized growth rate of over 50%.
VP-Software Development, Chief Product Officer, COO, and CFO at Homestead TechnologiesJune 1997 - December 2007
o Recruited, built, and led all product related functional teams including product management, software development, experience design, IT systems, and quality assurance. o Responsible for all day to day operations of 150 employee internet company, including operations reviews, cross-functional management, and product strategy. o Served as Chief Financial Officer, managing all financial and accounting responsibilities of company. Key Achievements: o Negotiated and sold company to Intuit, Inc. for $170M. o Grew site to over 12 million customers, over 10 thousand new signups per day, and Top 10 rank in Media Metrics. o Led product to critical acclaim including: PC Magazine Editor's Choice, PCWorld Best of the Web, Forbes Best of the Web, CNET Editor's Choice, and Internet Showcase Best of Show.
Product Manager / Lead Software Engineer at Scitor Corporation1990 - 1996
o Led product development efforts through two product release cycles. o Delivered Project Scheduler 6 and 7, voted by InfoWorld as "Product of the Year" in 1995.
Venture Partner at Maveron LLCJuly 2012
Maveron is a venture capital firm that exclusively invests in consumer companies. Founded in 1998 by Dan Levitan and Howard Schultz, the firm has offices in Seattle and San Francisco. Representative Maveron investments include eBay, drugstore.com, Shutterfly, Pinkberry, zulily, Everlane, and General Assembly..
Member, Board of Directors at AugustOctober 2013
August creates technology that makes life simpler, allowing physical environments to seamlessly respond to user behavior. August's flagship product, the August Smart Lock, is a virtual doorman; a new lock and access system that allows you to grant access to trusted people for specific periods of time. August is about technology that puts you at ease - warm and comfortable like a summer evening. Sure and reliable, August is a complete, secure system that's friendly for the users and guests that depend on it.
Board Advisor at WePaySeptember 2011
WePay makes it easy to collect and manage money online. Unlike competitors, WePay allows users to keep their group's money in a dedicated account, and to share this account with their group. The service is great for roommates, clubs, organizations, fantasy leagues, teams, and much more.
Member / Internet Screening Chair at Band of Angels2008
The Band of Angels is Silicon Valley's oldest seed funding organization. We are a formal group of more than 120 former and current high tech executives who are interested in investing their time and money into new, cutting edge, startup companies. We've seeded over 225 companies in our history with 50 profitable M&A exits and 9 Nasdaq IPOs. Served as Internet Screening Chair on deal screening committee from 2008-2013.
David Wu's Education:
Stanford University1986 – 1990B.S. and A.B.Concentration: Electrical Engineering and Economics