Farmwald holds a doctorate in computer science from Stanford University, where he was a Hertz Foundation Fellow, has founded six companies, five of which were financed in part by Benchmark Capital, where he is a venture partner.
He has founded these companies:
- FTL (1986) developed emitter coupled logic (ECL) supercomputers, merged with MIPS Computer Systems
- Rambus (1990) marketed high speed interfaces, used in PCs and video game consoles.
- Chromatic Research (1993) developed media-processors, acquired by ATI Technologies
- Epigram (1996) invented HomePNA, a local area network implemented over plain old telephone service (POTS), acquired by Broadcom
- Matrix Semiconductor (1997) designed 3D semiconductors
Farmwald invests directly in startups through Skymoon Ventures. His recent investments include technology companies incubated at Skymoon R&D (Dash, whose navigation systems bring internet to the car, and Finesse Solutions, a measurement and control provider to the biotechnology industry) as well as companies that bring technology to traditional business (Remote Lands, a luxury bespoke Asian travel outfitter started by entrepreneur Catherine Heald and ICE, a fitness concept company started by award-winning cheerleading coach Darlene Fanning).
He has publicly criticized and shorted the stock of technology companies he believes are defrauding investors by misrepresenting their technology. In 2005 he shorted ParkerVision, a RF semiconductor IP company, and created a website detailing their problems with the company. 
- "Tree of Students of Prof. Forest Baskett, for the Stanford Computer History Exhibits". Stanford University InfoLab. Retrieved 1 September 2014.
- "The Strange Case of ParkerVision". 2007-12-03.
- "Launch of updated pvnotes.com website". 2007-12-17.
- Mike Farmwald's website
- Skymoon Ventures website
- PVnotes.com A website critical of ParkerVision created and maintained by Mike Farmwald
- Dash Website
- Finesse Solutions website
- Remote Lands website
- ICE Gyms
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