Jack Crosby received his bachelor’s degree in business administration from The University of Texas in 1949. In 1955 he started one of the first cable television companies in the country. He also built the first cable system in Mexico and Switzerland. He was one of the first to be inducted into the “Pioneers of Cable Television” and also into the “Cable TV Hall of Fame.”
He formed Rust Capital Ventures, one of Austin’s first venture capital firms. The Rust Group is a private investment partnership involved in real estate, cable television, satellite communications, media, entertainment, banking and oil field services. Crosby has an extensive personal and institutional history of international investment at both start-up and development stages. Based in Austin Texas, but with business interests throughout the Americas, he is presently principally involved in the investor relations and corporate governance aspects of the business. With the architectural help of O’Neil Ford, Rust Properties restored the Norwood Tower, the first totally air-conditioned building in the country and the Colorado Building and built One American Center in Austin.
In1978 Crosby joined the board of Sundance Institute and served as chairman for two years. He served as a director of Orion Pictures and as Chairman of Imagine Entertainment. He is a founding member of the Vail Valley Foundation with President Ford. Crosby is a lifetime member of the UT Development Board and served on the School of Architecture Advisory Council. He received the Texas Exes 2009 Distinguished Alumnus Award in 2009.