David A. Spencer – 2/13/10
David A. Spencer is a successful business and civic entrepreneur with a passion for technology commercialization and economic development. Spencer formed his first technology company in 1990, but his career as a serial entrepreneur really took off in 1996 when his then employer, Kelly Air Force Base, closed. Using his back bedroom as an office, Spencer founded OnBoard Software, Inc. with his best friend Steve Kluck. From that initial staff of two, OnBoard Software, Inc. grew in eight years to more than 90 employees and $17 million in annual revenue. In early 2005, Spencer sold his 100 percent share in the company to MTC Technologies, Inc. for $34 million.
Since 2000, Spencer has served as an “angel investor” to technology start-ups. He formed Mandelbrot Ventures in 2005, a boutique fund which invested in early, pre-seed and seed-stage investments in Texas-based technology companies until 2008.
In August 2005, Texas Gov. Rick Perry appointed Spencer to a two-year term as the inaugural chair of the Emerging Technology Fund (ETF) Advisory Committee, a $200 million investment, commercialization, and company formation fund. Spencer served a third year on the ETF Advisory Committee as a member/past chair until September 2008.
In April 2008, he formed Texas Intrepid Ventures, to focus on medical device innovation needed in response to the current war in Iraq/Afghanistan.
In September 2009, Spencer formed Speer Medical Devices, Inc., a start up company focused on developing innovative physiological monitoring for use by both military and commercial first responders to better assess, treat, and ultimately improve the lives of trauma victims.
He has founded and owns several businesses in diverse areas including childcare, real estate, and agriculture.
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Bjorn Dybdahl of Bjorn's
John Thurman of Heart of Texas Realty
Scott Woolfolk of Documation
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