Entrepreneurial Ventures

David Walsh formed his first start up in the early 1980s while attending graduate school at NYU. David has founded seven technology companies over his 35-year career.

IXNET

IXnet was the first extranet to be built, connecting 2,000 of the world’s largest banks and their partners. The company was financed by IPC and taken public in 1999 on Nasdaq.

Initial Engagement: 1995

Investment Status: $3.4 billion gain; 60X return

Role: Founder, Chairman, President, CEO

    IPC

    IPC is the global market leader providing trading systems and other technologies and services to the financial markets.

    Initial Engagement: 1998

    Investment Status: Sold to Global Crossing along with IXnet for $3.65 billion.

    Role:  President, CEO

      Isoolate

      Isoolate, with its patent-pending unique threat isolation technologies, effectively protects users from the web and SaaS application content-borne threats who work from anywhere. The solution is cloud-native, delivered to the end-user through a single, lightweight browser extension or a mobile application. Isoolate solution can onboard 100,000 users in less than 5 minutes, requires no additional hardware or software installations.  It works on all devices including smartphones & tablets, on all operating systems, and supports all browsers and SaaS applications; and can reduce cybersecurity infrastructure costs of companies by at least 50%.  Isoolate serves the SMBs, mid-tier, and Fortune 500 companies directly and/or through partnerships with marquee MSPs/MSSPs.

      Initial Engagement: 2020

      Investment Status: Active

      Role: Chairman, Advisor

      Pax8

      Pax8 is the leader in cloud distribution. As a born in the cloud company, Pax8 empowers businesses to capitalize on the $1 trillion cloud opportunity and achieve more with cloud. Through billing, provisioning, automation, industry-leading PSA integrations, and pre-and-post sales support, Pax8 simplifies cloud buying, improves operational efficiency, and lowers customer acquisition cost. Pax8 is a proven, award-winning disruptor in the market, earning accolades like NexGen’s Best in Show two years in a row, Biggest Buzz at IT Nation, CRN’s Coolest Cloud Vendor, Best in Show at two consecutive XChange conferences, HTG’s Rookie of the Year, and more. If you want to be successful with cloud, you want to work with Pax8.

      Initial Engagement: 2018

      Investment Status: Active

      Role: Board Member

      Public Phone

      The first company to be licensed in New York to provide Customer Owned Coin Operated Telephone Service, or COCOTS, PublicPhone sold and maintained payphone customers and operated its own route of payphones located throughout the tri-state area.  Company was merged into Extranet.

      Initial Engagement: 1985

      Investment Status: Merged with Extranet

      Role: Co-founder and Chairman

      REALM

      Realm Financial Group was founded in 2019 with a vision of providing exposure of the world of cryptocurrency mining to traditional capital markets investors. Realm facilitates the physical infrastructure and investment vehicles for the world’s leading financial institutions who are seeking alpha through alternative investments. With a team consisting of industry leaders in private equity, financial structuring, manufacturing and engineering, Realm offers a unique product in a space ripe for disruption.

      Initial Engagement: 2019

      Investment Status: Active

      Role: Investor, Board Member

      Voyager Networks

      Started in 1993 as a facilities-based international carrier operating out of 60 Hudson Street known as the gateway to the world, Voyager became a pioneer in the Web Hosting businesses in the US.  The business saw Yahoo and SonyOnline as some of its first clients. The business merged with Global Center a similarly situated web-hosting business on the West Coast and was sold to Frontier Communications in 1998.

      Initial Engagement: 1993

      Investment Status: Merged with GlobalCenter and sold to Frontier Communications. 7X return, +100% IRR

      Role: Co-Founder, Investor, Board Member

      XChangePoint

      XChangePoint is building a software defined networking consortium and optical peering network designed exclusively for the global financial industry, which has the most demanding requirements for networking performance, reliability and security, spending billions each year on traditional communications services. By optically peering the largest financial firms in the world XChangePoint will create a valuable network that all the largest carriers will want to peer with, while completely changing the economics of networking for all participants. The network is being rolled out in 2020 with the sponsorship of several large banks and other financial institutions, given a collective ownership and governance model as innovative as the network design itself.

      Initial Engagement: 2019

      Investment Status: Active

      Role: Founder, Investor, Chairman

        Peachscore

        Peachscore is the world’s first scoring platform and fastest growing marketplace for start ups and investors. The company’s mission is to standardize communication between startups and investors and democratize data access to help entrepreneurs de-risk their businesses, get discovered and get funding. Much like FICO did with personal credit, Peachscore’s unique scoring system provides a new level of transparency to early stage businesses and allows entrepreneurs to better understand the strengths and weakness of their startup. Peachscore can not only be used to gain insights about a business but it allows entrepreneurs to showcase it to a large investor audience; effectively speeding up the due diligence process and time to funding.

        Initial Engagement: 2020

        Investment Status: Active

        Role: Advisor