David Arnstein
Chief Financial Officer

David is Chief Financial Officer and a Managing Director for Venture Investors LLC and is located in Milwaukee, Wisconsin. He re-joined Venture Investors as CFO in 2016.

David first joined the firm in 2000 as an analyst and then progressed into a full-time Associate role until 2003, when he departed to pursue an opportunity as CFO at an environmental company. While serving as an Associate, David was responsible for due diligence, pipeline building, and market research.

Prior to joining Venture Investors in 2000, David started his career as an auditor in Chicago at Shepard Schwartz & Harris LLP, specializing in medium sized family businesses. He next worked for Cumulus Media, a start-up radio station company focused on acquiring and consolidating radio stations in small and medium sized markets that grew into a media giant. In his role there he worked on the acquisition team that acquired over 300 stations, as well as having involvement in the company’s initial public stock offering. Most recently, prior to returning to Venture Investors, David served as CFO and partner of an environmental company in the Milwaukee area. While there he was directly involved in the acquisition of four competitors, as well as the merger with another company that expanded its geographic footprint.

Involvement in Community & Venture Ecosystem:

  • Past Board of Advisors, Generation Growth Capital
  • Panelist, National Science Foundation for Small Business Innovation Research (SBIR) grants
  • Board of Trustees, Milwaukee Jewish Community Foundation
  • Author, “Private Finance – Venture Capital” in Financing Economic Development in the 21st Century

Education & Certifications:

  • B.B.A., Accounting, University of Wisconsin – Madison
  • MBA, University of Wisconsin – Madison


Outside of work, David enjoys Wisconsin sports, working out, playing tennis, and spending time with his wife and three children.