David Dolby


David Dolby is an active technology investor and philanthropist based in San Francisco. Under Ray Dolby’s mentorship, David has developed a strong skill set to identify tough problems worth solving and ways to change the world through technology and media.

David oversees a portfolio of family investments across a wide range of asset classes that include private equity, venture capital and real estate. He directly manages a portfolio of over 20 venture investments ranging across Internet technology, aerospace, digital marketing and retail platforms, Alzheimer’s drug discovery, cognitive health, medical diagnostics, security and cryptography, 3D printing, virtual reality media platforms, independent film impact investments, and consumer products.

David serves as a director of Dolby Laboratories and is a member of the technology strategy committee focused on long-term growth opportunities. David is also a director of Cogstate Limited, where he serves on the audit, nominating and governance, and compensation committees. David is also the CFO of the Ray and Dagmar Dolby Family Fund, supporting a variety of not-for-profit initiatives in academic and research institutions, and other social impact sectors. David serves as a board member of Tipping Point focused on addressing root causes of poverty in the Bay Area.

David has a BSE in Civil Engineering from Duke University and an MBA from the Stanford Graduate School of Business. David has studied overseas in Salamanca, Spain; Oxford, England; and Erlangen, Germany. David completed a year-long program at the Philanthropy Workshop West with a focus on impact investing. David has been a guest speaker at the Milken Global Conference and various impact investment and philanthropy conferences. David participates regularly in public company directors’ programs, including Stanford University’s Rock Center for Corporate Governance and Harvard Business School.

David is committed to honoring Ray Dolby’s values, his belief in supporting highly innovative cultures, and in furthering the impact of his outstanding legacy.

Pascal Levensohn

Senior Managing Director

Pascal joined Dolby Family Ventures, L.P. in 2014 after advising the Dolby family on its direct technology investment portfolio since 2012. He is the founder and Managing Partner of Levensohn Venture Partners LLC (LVP) and the CEO of Levensohn Global LLC (LG). Pascal has over 40 years of business experience: 38 years as a professional investor and fund manager and 26 years of experience as a Silicon Valley venture capitalist. With his partners at Dolby Family Ventures, Pascal currently manages over 60 early stage portfolio company investments in sectors ranging from Augmented Reality and Aerospace to Materials Sciences and Biotech.

Through LG, Pascal advises a select group of multi-generational family offices on governance, direct technology investments, and philanthropy.

He is currently the Chairman of the Board of ShotSpotter, Inc. (NASDAQ:SSTI), Chairman of the board of NativeWaves GmbH (Salzburg, Austria), Vice Chairman of the board of Authentic Vision GmbH (Salzburg, Austria), a director of Integral Reality Systems, Inc., and a director of Cure Network Dolby Acceleration Partners LLC (CNDAP). He has served as board chairman, audit committee chairman, compensation committee chairman, and board secretary for venture-backed companies since 1996 and first served as a public company director in 1993. An expert on corporate governance, since 1999 he has published three widely read white papers on this topic.

He is currently a Senior Strategic Advisor to Silicon Castles GmbH (Salzburg, Austria), where his responsibilities include teaching governance best practices to European entrepreneurs as a member of the faculty of the Startup Executive Academy (since 2016).

Pascal is a former director of the National Venture Capital Association (2007-2011). He is a faculty member of the Kauffman Fellows Program Center for Venture Education (since 2006) where he teaches the Corporate Governance module. He is a life member of the Council on Foreign Relations and a former Trustee of the American Academy in Berlin.

Pascal holds an AB in Government, cum laude, from Harvard University. He is a former co-chairman of the Socrates Society Forum of the Aspen Institute (2007-2009), and a former Chairman of the San Francisco Jewish Community Federation’s Business Leadership Council (2007-2008).

Andrew Krowne

Managing Director

Andrew joined Dolby Family Ventures in 2014 and currently serves as a managing director where he helps lead technology investments across a range of portfolios.  Andrew is a board director of Phase Four, TripleBlind and H2U and a board observer of Diamond Age and Roviero. His previous director roles include Discover Echo (acquired by Cellink) and Plethora. He is a Kauffman Fellow, Class 22.

Prior to Dolby Family Ventures, Andrew earned an MBA at the Haas School of Business at UC-Berkeley, where he graduated with honors and was the recipient of the inaugural Investment Management Fellowship and the CFA Merit Award, as well as being a Consortium Fellow.  He has served as a Mentor in the Investment Fellowship Program since 2016.

Andrew spent five years in investment banking at Barclays Capital, Merrill Lynch and RBS, where he was a Vice President in the Technology, Telecom & Media group focused on the capital markets.  Andrew began his career in the Valuation Advisory Practice of Ernst & Young.

Andrew has a BS degree from the University of Virginia’s McIntire School of Commerce, with a double-concentration in Finance and Accounting.

Tracy Saxton, Ph.D

Managing Director

Tracy joined Dolby Family Ventures in 2020 from Frazier Healthcare Partners, where she served as an adviser to the fund as well as founding CEO of an emerging precision oncology company. Tracy previously held investment positions with Pivotal bioVenture Partners, Roche Venture Fund (RVF) and SV Life Sciences Advisers (SVLSA), where she focused on the biopharmaceutical sector. Tracy currently serves on the Board of Therini Bio and Lengo Therapeutics, previously she served on the Board of companies including Vaxcyte (PCVX), Millendo Therapeutics (MLND), Mission Therapeutics and Purigen BioSystems, and she led the first institutional round of financing for Black Diamond Therapeutics (BDTX). Tracy previously held operating positions at Tularik (acquired by Amgen), Threshold Pharmaceuticals and Convelo Therapeutics. At Convelo, she was responsible for driving finance and business development which resulted in a collaboration and option to acquire transaction with Genentech/Roche. She began her career as a drug discovery scientist and moved to leadership roles in Regulatory Affairs, Project Management and Business Development.

Tracy earned her PhD in Medical Genetics from the University of Toronto, her MBA from Columbia University, and she was a Damon Runyon-Walter Winchell Cancer Fund fellow at University of California, San Francisco. She is also a Kauffman Fellow.

Francesca Cignarella, Ph.D


Francesca joined Dolby Family Ventures in 2021 from Alector where, as a senior scientist, led a target discovery program, and supported multiple others in the neuroimmunology/neurodegeneration space.

She spent five years at Washington University in St. Louis for her postdoc, where she focused her research on neurodegeneration, particularly on multiple sclerosis and Alzheimer’s disease. During this time, she also served as a consultant for the Biotechnology and Life Sciences Advising (BALSA) Group.

Before moving to the United States Francesca was a fellow at the San Raffaele University in Milan, Italy, studying the relationship between iron and neurodegeneration.

Francesca earned a PhD in Microbiology from the University of Brescia, in Italy. From the same university she earlier received an MS in Medical Biotechnology, with honors, and a BS in Biotechnology.

Alona Cochran

Office Manager & Executive Assistant

Alona joined Dolby Family Ventures in 2014. Prior to that Alona worked at J.P. Morgan as an Executive Assistant in the Technology, Media, and Telecom Investment Banking group. Her experience at J.P Morgan includes three years of client entertainment and event planning. She has also worked as an executive assistant at ThinkEquity Partners, Pacific Crest Securities, and OffRoad Capital. Alona has a BS in Business Administration from the University of San Francisco.