Daniel Penberthy has spent over 25 years at Rand Capital, rising from CFO in 1997 to CEO while building the firm from $5 million to nearly $100 million in assets, giving him an unusually deep institutional perspective compared to most venture investors who move between firms. As CEO of a publicly traded business development company, he operates at the rare intersection of public company discipline and venture investing, while maintaining an uncommonly public-facing communication style through press releases, interviews, and founder interactions.