Dan Penberthy is the co investment manager of Rand Capital a Buffalo based venture capital fund. Rand is a founding member of the NASDAQ Stock market, from 1971., [RAND] Dan is also the CFO and EVP of Rand
Rand has a $33 million portfolio, representing 25 portfolio companies
Local investments include: Crowdbouncer, Empire Genomics, First Wave Products, Gemcor, Mercantile Collections, QuaDPharma, Synacor, Ultrascan, Advantage 24/7, Liazon
Thru June 30, 2014 Rand has made $4.5 million in investments across 9 portfolio companies.
Rand receives funding from the SBA, thru its SBIC investment program, to make portfolio investments, having began with the program in 2002.
From 2002, rand has invested $38 million into 38 portfolio companies, thru 116+ financing transactions.
Rand has had recent exits thru Ultra-scan (Qualcomm), Liazon (Towers Watson), Synacor (IPO).
Rand has generated$15+ million in net realized gains, having exited 22 portfolio companies.
Dan is a graduate of University at Buffalo, and St. Bonaventure.
Dan is also on the Board of the WNY Venture Association and the Upstate NY Venture Association….as well as several other non-profit organizations