David Van Wie is the founder and Chief Investment Officer of Aventurine. David began his career as a serial tech entrepreneur and co-founded InterTrust Technologies Corporation in the early 1990’s.
While working at InterTrust, David learned that companies commercializing new science and technology have unique product, marketing and financing characteristics. This insight resulted in a successful IPO for InterTrust in 1999, reaching a valuation of nearly $8 billion.
David applied this strategy with success at Rumblefish, where he served as an advisor. The company was acquired in 2013 by Rizvi Traverse. Aventurine was founded in 2014 to deliver specialized consulting services based on a proven track record and more than 30 years of experience.
David is a well-known and prolific inventor, listed on more than 280 issued or published US patents. David’s most notable patents are cited over 37,500 times by the USPTO and leading global technology companies including Apple, Google, Facebook, Intel, Samsung, JP Morgan, Microsoft, IBM, Digimarc, and Sony. His most frequently referenced patent is the "Big Book" patent, a pioneering application in digital rights management that has been cited over 4,000 times.
David has been granted patents for his contributions in the fields of computer science, communication theory, digital rights management, secure distributed computing and social communications. His patent expertise includes all phases of portfolio prosecution, licensing, litigation and partnering. See a full list of David's patents.
InterTrust Technologies Corp.
David Van Wie and Victor Shear co-founded InterTrust Technologies. InterTrust's patented technology laid the foundation for modern smartphone systems. The company's secure distributed systems, trusted applications, and digital rights management capabilities are integrated into the processor architecture and operating system design.
David is the most frequently named inventor in the InterTrust patent portfolio, named on more than 200 patents. InterTrust’s portfolio is licensed to companies that create PC’s, TV’s, phones and other secure devices and services. Licensee’s include Adobe Systems, Apple, the BBC, Fujitsu, HTC, LG, Microsoft, Motorola, Nokia, Panasonic, Pantech, Phillips, Pioneer, Samsung, Sony, Telecom Italia, Telefonia, and Vodaphone.
In October 1999, InterTrust raised $117 million in its initial public offering. In April 2000, the secondary public offering raised $92 million. The company hit a maximum valuation of approximately $8 billion.
In 2003, a consortium led by Sony and Phillips purchased Intertrust for $453 million to pursue licensing opportunities for the patent portfolio. With $120 million of cash in the company at the time of purchase, the consortium paid $330 million net for the Intertrust technology and patent assets. In 2004, Intertrust won a $440 million settlement against Microsoft, representing a complete return of capital and a 21% IRR within 18 months of purchase. Hundreds of millions of dollars of additional royalty payments have accumulated since the return of capital in 2004. David later brought this asset monetization strategy to Aventurine Capital Management.
InterTrust v Microsoft
In 2003, David was a witness in the landmark InterTrust v Microsoft litigation; he is named on all key patents involved in the suit and served as Chief Technology Officer during the relevant inventive period. In 2004, Intertrust won a $440 million settlement against Microsoft.
InterTrust v Apple
Apple’s iPhone and iPad are the most successful implementations of the Intertrust architecture to date. In 2013, Intertrust sued Apple for patent infringement. The case was settled in 2014.
The STAR Lab is a fundamental part of the InterTrust company vision. David and his team founded the lab in early 1997 to ensure that InterTrust has adequate technical options in two, five and even ten years in the future and sufficient technical information to choose its business strategies. The nature of the problems InterTrust addresses led to the development of most of the company’s own technology. Distributed general-purpose electronic commerce is such a diverse field that it is too risky to rely on universities, government labs, or large companies to develop the necessary technologies.
David founded Sococo in 2007 with co-founders Ken Colgan and Paul Brody. During his tenure as Chairman and CEO, Sococo raised over $25 million in private financing and expanded business operations from North America to Asia and Europe. Sococo’s Team Space business communication product was the go-to-market vehicle for the company’s patented social communications technology. The technologies were based on advances in communication theory that were published in the Sococo portfolio; David is named on more than 80 patents in the portfolio.
David has been recognized for his contributions in communication theory by multiple technology industry organizations:
In 2003, David founded Centillion Group and worked as a strategy advisor to entrepreneurs and CEO’s of technology companies. Over the following four years, the company developed strategic business plans, marketing plans, and financing strategies for over thirty public and private companies. Clients were primarily mature businesses located throughout North America, Europe and Asia-Pacific. The firm delivered services directly and through a marketing partnership with Progress Software.
Rumblefish created the first online business resource of fully copyright-cleared music. The company licenses music for TV shows, films, ad agencies and video game publishers. In 2008, the company struck a landmark licensing deal with YouTube to provide automated royalty calculation and transaction management technology that allows artists and labels to monetize the vast stream of consumer generated content that uses their intellectual property. In December 2013, Rizvi Traverse backed SESAC’s acquisition of a majority stake in Rumblefish.
The company has amassed the world’s largest music catalog for social media. Licensee’s include YouTube, Vimeo, Shutterstock, Animoto, Amazon Studios, Kaiser Permanente and Google. David invested in Rumblefish through DVW Capital at the seed stage and served on the board of directors as an advisor from June of 2000 to May of 2011.