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Dave SchaefferFounder & CEO |
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| Dave Schaeffer founded Cogent Communications in August 1999 and is the chief
executive officer. Prior to founding Cogent Communications, Mr. Schaeffer was the sole
founder of Pathnet Inc, which raised $36 million in private equity and completed a $350
million high-yield transaction led by Merrill Lynch. Under Mr. Schaeffer’s direction,
Pathnet successfully negotiated a $165 million vendor facility from NEC as well as a $2
billion supply agreement and supply facility from Lucent Technologies. Mr. Schaeffer has
founded and operated a total of seven successful businesses, including the second-largest
delivery and ground transportation enterprise in the United States with annual revenues of
approximately $25 million and a property and casualty underwriter with $17 million in
assets and $12 million in annual revenues. Mr. Schaeffer has also developed 44 commercial
real estate properties in the Washington D.C. metro area, retaining controlling interest
in 23 of these projects. Mr. Schaeffer holds a B.S. in Physics from the University of
Maryland, where he was also a Ph.D. candidate in Economics. His diverse background has
allowed him to build entrepreneurial management teams capable of building and managing
national networks.
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