
David Goldstein
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- Full Name
- David Goldstein
- Title
- President
- Firm
- Diamond Ventures, Inc.; DVI Equity Partners, LLC
- Firm Type
- Privately held real estate development and investment company; venture capital/private equity through DVI Equity Partners
- Investment Stage
- Seed, startup, early stage, Series A, expansion/growth equity
- Target Company Profile
- Startups and early-stage companies developing disruptive or disintermediating technologies, especially businesses where DVI can add operational, technical, management, or relationship-building value
- Sector Focus
- Enterprise software, artificial intelligence, big data analytics, cybersecurity, video analytics, robotic process automation, process improvement/automation, national security, data storage and analysis, and selected real estate/private equity opportunities
- Geographic Focus
- Southwest U.S. preferred, including California, Arizona, New Mexico, Texas, Nevada, Colorado, and Utah; fit appears to matter more than location
- Location
- Tucson, Arizona
Background
David Goldstein is President of Diamond Ventures, Inc., a Tucson-based real estate development and investment company founded in 1988. Diamond Ventures says he has held the President role since the company’s inception and is responsible for the company’s overall strategic vision and priorities.
In his current role, Goldstein oversees policies for managing Diamond Ventures’ residential, commercial real estate, and technology-investment portfolio, and sets criteria for new investment opportunities for Diamond Ventures and DVI Equity Partners. The firm describes Diamond Ventures as investing in real estate and independent businesses across the Southwest, with offices in Tucson and Denver.
Goldstein began his career as a CPA at Ernst & Whinney and Coopers & Lybrand, then served as Vice President of Acquisitions and Sales for Venture West Group, Inc. He holds a finance degree from the University of Connecticut and an M.B.A. from the University of Arizona.
Goldstein is also active in regional civic and economic-development circles. Diamond Ventures lists board service with the Arizona Commerce Authority and Tucson Airport Authority; the Southern Arizona Leadership Council lists him as President of Diamond Ventures.
Investment Thesis & Focus
- DVI Equity Partners was formed in 2018 by Diamond Ventures and Robert Griffin to expand Diamond’s venture-capital work in early-stage emerging technology companies across the Southwest.
- DVI says it specializes in micro-cap investments in startup and early-stage companies and seeks to be the “first institutional money in” at Series A.
- The firm looks for disruptive or disintermediating technologies, particularly in technology-related sectors, emerging-growth companies, and expansion-stage growth-equity opportunities.
- DVI states a preference for Southwest-based companies, but says it is more motivated by fit than geography.
- The firm targets areas where it can add value through technology experience, operational excellence, management augmentation, or personal relationship-building.
- DVI’s stated focus includes B2B value creation in national security, enterprise software, artificial intelligence, data storage and analysis, big data analytics, cybersecurity, video analytics, robotic process automation, and process improvement/automation.
- DVI says its strategy considers both financial return and social/environmental good, and that it seeks a diverse portfolio where female and minority entrepreneurs have equal funding opportunity.
Notable Investments
- Section: Edge-as-a-Service platform that gives DevOps teams control over workloads on distributed edge infrastructure.
- FreeWire Technologies: Ultrafast EV charging systems designed to reduce dependence on grid constraints.
- Knowledge Computing Corporation / COPLINK: Tactical lead generation, analytics, and information-sharing software for law enforcement; acquired by Sumeru Equity Partners. Diamond Ventures was an early investor, and the company later became part of IBM through i2/COPLINK history.
- i2: Visual intelligence and investigative-analysis software for military intelligence, law enforcement, and commercial agencies; acquired by IBM.
- Wasabi Technologies: Cloud-storage company positioned as a lower-cost, faster alternative to AWS S3 with no egress fees.
- AppDome: No-code mobile app integration and security platform.
- Shotzr: Targeted imagery for digital marketing; acquired by Shutterstock.
- Luminar Technologies: Autonomous-vehicle sensor technology company; completed an IPO in December 2020.
- ED2 Corp: 5G wireless infrastructure hardware company; DVI led a Series A investment announced July 30, 2019.
- Siren: Investigative-intelligence and augmented-analytics platform; DVI participated in a $10 million Series A round announced November 2019.
- Shinesty: Apparel/e-commerce company; CB Insights reports DVI participated in a June 18, 2020 Series A-related round.
- Digital Reasoning: Cognitive-computing services for intelligence, financial, and healthcare users; acquired by Smarsh.
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