Business Forum Scotland

Expert Panel


present

Quote from Stephen Paterson, Haines Watts Ltd

David Farquhar

davidFarquharDavid is a serial entrepreneur, turned angel investor, turned venture capitalist. As a veteran of the technology sector he has built a series of international companies in mobile applications, media and enterprise software. His focus is on building companies through the implementation of best practice in Product Management, Product Marketing and Channels.

At Northface Ventures he is developing a new model for deploying a risk capital fund focused on the Mobile & Wireless, Enterprise Software sectors. He is currently working with California-based Tomorrow Ventures to build their European investment portfolio and is advising the management teams of 3 leading Scottish high-growth software companies.

He is chairman of SeeByte whose software powers unmanned underwater vehicles for the global defense and oil & gas sectors. SeeByte is now developing the software “brains” to manage next generation subsea Autonomous Inspection Vehicles and enjoys sustained revenue growth as well as top quartile profitability.

As an independent entrepreneur David has co-founded or invested in several companies from mobile applications, to drinks brand management, an on-line recruitment service for the film industry and a brew pub chain.

During the 1990s David grew and sold innovative companies in Scandinavia combining mobile & wireless technologies with enterprise software applications. These companies, Iceland Software Inc., and Hugur Group ehf., were founded on the principle of selling through global channels in partnership with major vendors, a route that delivered large wireless deployments of up to $6m each.

As a pioneer of Mobile Enterprise Applications David founded the Idesta Group in 2001 which deployed mobile enterprise applications for multi-nationals such as Interbrew, Mars, Unilever, Pepsi, Getronics and Guinness. David personally led the raising of seed capital followed by a Series A round of €10M from three European VC firms. Idesta grew to be the largest provider of such applications in EMEA within 18 months through an aggressive channel sales strategy, employing 120 people in 8 countries.

From 2003 to 2005 David ran Interactive University, the global higher education e-Learning developer and distributor. IU delivered 4.5 million on-line learning hours per annum to over 80,000 students. Under David’s leadership IU doubled its turnover each year, growing its channel business and opening offices in Dubai, Delhi, Singapore and Beijing. IU won the Diageo 2004 Innovative Business Award.

2in10 was founded by David in late 2005. He led the company until mid-2010 when it was sold to The Company Creators. It has advised over 100 companies, helping them achieve the skills and investment necessary drive international sales growth.

In 2008/09 David created a Tier 1, pan-European channel strategy for SaaS vendor HoundDog Technology leading to the company’s trade sale to GFI.

Until 2009 he was a director of London- and Los Angeles-based MediaXchange, recognised as a global leader in the development of the television production and broadcasting sectors whose key clients include the BBC, RTL, Metronome, Endemol and Granada.

David chairs the Industrial Advisory Board at the University of Dundee’s School of Computing where he also an Honorary Lecturer in Product Management & Marketing. At the Royal Scottish Academy of Music and Drama he created the world’s first strategy in the Performing Arts for Mobile Media.

He was elected to the board of technology trade association ScotlandIS in 2009 and is a Connect Champion, mentoring very early stage technology companies. In his spare time David enjoys mountaineering, beer and village cricket.

 

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