imgres-1David Spencer is an advocate for San Antonio’s technology community.
Spencer was a founding board member and co-chair of the now defunct San Antonio Technology Accelerator Initiative, known as SATAI. He also served a two year term as chairman of the Texas Emerging Technology Fund, which invested in early stage technology companies in Texas. Aside from his public advocacy for the technology industry, Spencer is an entrepreneur. He founded OnBoard Software with a friend in 1996 when his employer, Kelly Air Force Base shut down. The software development company grew to $17 million in annual sales.
In 2005, Spencer sold OnBoard Software to MTC Technologies for $34 million. He has invested in a few startups since then and currently runs Texas Intrepid Ventures, which invests in commercializing military medicine.