Interview with David Falter

1. How has your career path changed up until now?
I have what is euphemistically called a “portfolio” career. I’ve had the opportunity to work in venture backed, private equity owned, and large corporations in a broad array of industries. At heart I’m a technology executive who likes building teams and tackling challenging business problems.

2. Did you have a mentor who helped you get to where you are now?
If so, what would you say is the most important thing you learned from your mentor? I’ve had the great good fortune to have two. Although I attended graduate business school, I learned more from them about running a business than I did in school. Probably the three most important ideas were “expect the best, plan for the worst,” “cash is king,” and “trust, but verify”. They sound almost slogan-ish but to a young and naïve executive, they were important ideas to put into daily practice.

3. What advice would you give to those pursuing their first business venture?
Try to find one or more partners who, in addition to having personal values and similar risk-tolerance, also bring experiences and expertise that you don’t have.

4. How do you overcome risk when it comes to making business decisions?
Gather data data data. Try to understand the downside. And then make the leap.

5. Why did you decide to become a mentor/ investor for the Hospitality Innovation Hub Incubator?
Dr. K’s magnetic personality of course! Actually, the opportunity to work with sharp, energetic entrepreneurs is always gratifying.

6. What book are you reading now?
1001 Arabian Nights

7. What is your favorite vacation destination?
St John, USVI

8. What is your favorite movie?
Alfred Hitchcock’s Rear Window

David Falter