David Shim is a successful entrepreneur and business leader who has been in the tech industry for more than a decade. He is also an angel investor who has made direct investments in many startups and firms. Currently, Shim serves as the co-founder and the Chief Executive Officer (CEO) of Read AI.
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Who is David Shim?
David Shim is a well-known figure in the tech world, particularly for his involvement in the AI industry. He is the co-founder and CEO of Read AI, a company that focuses on developing innovative AI solutions for businesses. Shim has been in the tech industry for over a decade. He has established himself as a prominent leader and entrepreneur.
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David Shim’s Net Worth
As of 2024, David Shim’s net worth is not publicly known. However, he has had a long and successful career in the tech industry. It can be safely assumed that Shim has accumulated a ton of wealth. David Shim has always held high-ranking designations at his workplace, since the beginning of his career. Additionally, his previous venture, Placed, which was acquired by Snapchat parent Snap for a reported $175 million in 2017, has also contributed to his overall wealth.
Education
David Shim received his Bachelor of Science degree in Political Science from the University of Washington.
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Career
David Shim’s career has been marked by several successful ventures and influential roles in the tech industry. He started his career as a Founder at eccoBay.com in January 2000, where he developed the site into a nationally recognized consumer shopping portal. The site was subsequently sold after four months.
Following this, he founded LeagueTraders, Inc., a few months later, where he headed the development of a reality-based securities portfolio competition, receiving investments and services from GrayCary.
In 2001, David worked as a Hedge Fund Trader at MWCG / Letra Group, implementing and developing new trading technologies and employing multiple trading strategies. He transitioned as a Senior Account Manager at SapientRazorfish the next year, managing and training a team of account managers, client service engineers, and media planners.
Moving forward, he worked as a Director of Digital Marketing at Farecast, Inc. He built and managed the marketing group, setting and achieving traffic and revenue targets within the operating plan. Later, Microsoft acquired Farecast for $115 million in 2008.
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Moving on, Shim served as a Director of Product at Quantcast, leading the development of Quantcast Marketer and Quantcast Lookalikes. Subsequently, he became a Director of Operations at Quantcast, overseeing various operational aspects across teams.
David then transitioned to be the Founder and CEO of Placed in 2011. He transformed the company into the leader in location-driven insights and ad intelligence. Placed was acquired by Snapchat in June 2017 for $175 million and later spun out to Foursquare.
In November 2019, David Shim became the Chief Executive Officer of Foursquare. He led the company to its first full year of profitability and merged it with Factual. He stepped down as CEO in December 2020.
Additionally, David has been involved in angel investing and venture capital, supporting various companies and startups in their growth and development. He has also been actively engaged as an advisor and limited partner in several investment firms.
In June 2021, Shim co-founded Read AI, where he currently serves as the Co-Founder and CEO. Read AI focuses on improving meeting effectiveness through AI and analytics applied to video conferencing.
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Latest Updates
A week ago, Read AI introduced “Readouts,” which are AI-generated summaries for email and chat on Gmail, Outlook, Teams, and Slack. Its intelligent agents operate discreetly in the background, allowing meetings, emails, and messages to communicate with one another.
The company is also looking to hire fresh talent to expand its team.
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FREQUENTLY ASKED QUESTIONS
The founder of Read AI is David Shim. Shim is also the co-founder of this AI startup and has been serving as its CEO since 2021.
David Shim is the co-founder and CEO of Read AI, a company that focuses on developing innovative AI solutions for businesses. Shim has been in the tech industry for more than a decade.
