David is one of the leading venture capitalists in mid-America and a well-respected voice in healthcare business and innovation. He founded Chrysalis Ventures in 1993, after realizing that the absence of resident venture capital managers in Mid-America represented an opportunity to find and partner with promising growth companies in the region. He currently focuses primarily on healthcare investing and chairs the management company and funds’ investment committees.
At Chrysalis, David has worked over the years with some of the most exciting growth companies in the Midwest and South, including Appriss (sold to Bain Capital), Advanced Academics (sold to Devry), Tritel (merged with Telecorp and sold to AT&T Wireless), Regent Communications (sold to Jacor Communications which was sold to Clear Channel Communications), ActaMed (merged with Healtheon and then with WebMD), Tech Republic (sold to Gartner Group) and High Speed Access Corp (IPO and later sold to Charter Communications).
In addition, David has served on the Board of Directors of Humana Inc. (NYSE: HUM) since 1993, serving as Vice Chairman from 1996 to 2005 and as Chairman from 2005 to 2010.
David brings a strong and well-rounded background in business, law and banking to his work at Chrysalis Ventures. Prior to Chrysalis, David’s law practice included both domestic and international work, the latter with the U.S. Department of State Legal Adviser’s (general counsel’s) office in Washington (1988-1992). Before law school, he worked as a commercial banker for Bank of Boston in Hong Kong, New York and Boston.
David has a BA from Yale University and a JD from Yale University Law School.
David is active in civic and charitable affairs on both national and local levels. Recognizing the critical role education plays in catalyzing American innovation and competitiveness, as well as its potential to improve public health, David ran for, was elected to and now serves as Chairman of the Jefferson County Public Schools board, and chairs the board of Business Leaders for Education. He is a member of the invitation-only Healthcare Executive Network, which collectively examines the strategies necessary to create and sustain a world-class healthcare delivery system.
In addition, David is a director of the Humana Foundation, Inc. and is active on the grants committee of a private foundation. He is also a Board member of the National Committee on U.S.-China Relations. David is a faculty member at the Venture Capital Institute, an adjunct professor at the University of Louisville College of Business, and lectures frequently in Chrysalis’ region on topics related to venture capital and the changing healthcare industry.