Founding Donors

The founding donors to the Big Idea Advantage Fund consist of the following:

David Toth (BSEE ’78)

David Toth (BSEE ’78) is former CEO and Co-Founder of NetRatings, Inc., (Nasdaq: NTRT) the leading provider of Internet audience information and analysis. As a private investor, Mr. Toth has helped raise over $1B in the capital markets for his portfolio companies. His previous investments/board roles include; NexTag: acquired by Providence Equity Partners, TubeMogul (Nasdaq: TUBE) acquired by Adobe (Nasdaq: ADBE), Edgewater Networks; acquired by Ribbon Communications (Nasdaq: RBBN), NetRatings (Nasdaq: NTRT) acquired by Nielsen Holdings (NYSE: NLSN). He is currently an investor and Chairman of the Board of Directors at LeadCrunch Hive IO.

About the Big Idea Advantage Fund: “Pittsburgh and Pitt are where I built a strong technology foundation. I had to move to the Silicon Valley to become an entrepreneur. Our goal with the Big Idea Advantage Fund (BIA Fund) is to bring real world entrepreneurship to more Pitt students and Pittsburgh by investing in their ideas. This is a long term investment in Pitt and Pittsburgh.”

C. Douglas Condon (BSMechE ’85)

C. Douglas Condon (BSMechE ’85) is Managing Director of Three Rivers Energy and senior advisor to Accenture. Mr. Condon has structured over $2 billion of energy transactions including utility scale and behind the meter solar and wind power purchase agreements, tolling agreements, and energy derivative products.

About the Big Idea Advantage Fund: “I wanted to give back to the University in a meaningful way for me. Helping students who have discovered the magic of innovation and entrepreneurship to hone their ideas and make them come alive is an extremely compelling way to stay connected to Pitt.”

David Norman

David Norman: Former Co-Founder and Chairman of Edgewater Networks, Inc. (acquired by Ribbon Communications, Nasdaq: RBBN). Former Chairman of NetRatings, Inc. (Nasdaq: NTRT). Former CEO of Apptitude, Inc. (acquired by HiFn, Inc., Nasdaq: HIFN). Former CEO and Founder of Businessland, Inc. (NYSE: BLI). Former Founder and CEO of Data Quest (acquired by A.C. Nielsen, Inc. NYSE: CAN). Director of A.C. Nielsen, Inc. Former Co-Founder of Creative Strategies, Inc. Worked at Stanford Research Institute. Former Naval Aviator. David holds a BS in Mechanical Engineering from the University of Minnesota and a MS in Industrial Engineering from Stanford University.

Investment Committee

The Big Idea Advantage Fund final selection process is modeled after the traditional venture process. The investment committee consists of the following:

  • Evan Facher – Vice Chancellor for Innovation and Entrepreneurship
  • C. Douglas Condon – Pitt alum, entrepreneur, angel investor, founding donor to the fund
  • David Toth – Pitt alum, entrepreneur, angel investor, founding donor to the fund
  • Bryan Salesky – Pitt alum, co-founder and CEO of Argo.ai, a self-driving car startup in Pittsburgh

 

Additional Materials

See what people are saying about the Big Idea Advantage Fund!

Big Idea Center Announcement