MassVentures
MassVentures Board Meeting
Published on June 6, 2025 at 9:08 AM EDT
Date and Time
Monday June 16, 2025 at 8:00 AM EDT
Location
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Meeting ID: 852 4840 2182
Passcode: 896884
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1075 Main Street, Suite 100
Waltham, MA 02451
Agenda
| Purpose | Presenter | Time | |||
|---|---|---|---|---|---|
| I. | Opening Items | 8:00 AM | |||
| A. | Call the Meeting to Order | Ashley Stolba | 1 m | ||
| B. | Examples of Mission | Charlie Hipwood | 1 m | ||
| C. | Highlights | Discuss | Charlie Hipwood | 3 m | |
| II. | President's Report | 8:05 AM | |||
| A. | General Update | Discuss | Charlie Hipwood | 1 m | |
| B. | MV Capital Update | Discuss | Charlie Hipwood | 5 m | |
| C. | MV Accelerate Update | Discuss | Charlie Hipwood | 5 m | |
| D. | Strategy Discussion | Discuss | Charlie Hipwood | 5 m | |
| III. | Approvals | 8:21 AM | |||
| A. | Board Minutes | Approve Minutes | Charlie Hipwood | 1 m | |
| Approve minutes for MassVentures Board Meeting on May 5, 2025 | |||||
| B. | Expedited Investment Committee Minutes | Approve Minutes | Charlie Hipwood | 1 m | |
| Approve minutes for Expedited Investment Committee Meeting on May 21, 2025 | |||||
| C. | Comp Committee Minutes | Approve Minutes | Charlie Hipwood | 1 m | |
| D. | Pre-Investment Ascend Elements | Vote | Charlie Hipwood | 1 m | |
| E. | Pre-Investment Action Sheet: AlteRNA | Vote | Charlie Hipwood | 1 m | |
| F. | Pre-Investment Action Sheet: Emvolon | Vote | Charlie Hipwood | 1 m | |
| IV. | Financial Matters | 8:27 AM | |||
| A. | Treasurer's Report | Discuss | Jim Madison | 5 m | |
| B. | Approve Treasurer's Report | Vote | Charlie Hipwood | 1 m | |
| C. | FY 2026 Budget Discussion | Discuss | Charlie Hipwood | 10 m | |
| D. | FY 2026 Budget Approval | Vote | Charlie Hipwood | 1 m | |
| E. | SPICE Demo | Discuss | Whitney Leslie | 10 m | |
| V. | Conflicts of Interest | 8:54 AM | |||
|
Board members are urged to review the Pipeline list of companies and disclose any potential or perceived conflict of interests. This becomes important if a company becomes a prospective investment candidate, as the Committee member should exclude themselves from discussion or votes regarding the company. New companies are listed in Red font.
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| A. | Conflicts | Discuss | Charlie Hipwood | 1 m | |
| VI. | Executive Session | 8:55 AM | |||
| A. | Roll Call Vote to Enter Executive Session | Vote | Charlie Hipwood | 1 m | |
|
The Board of Directors will now go into Executive Session, pursuant to Chapter 30A, for the purpose of discussing the following:
1. Regarding Investment matters:
I will need a roll call vote from the members to go into Executive Session. |
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| B. | Clearcut Amendment | Vote | Vinit Nijhawan | 5 m | |
| C. | florrent investment dicussion | Discuss | Priya Yadav | 15 m | |
| D. | florrent Vote | Vote | Charlie Hipwood | 1 m | |
| E. | THRiVE Grants | Vote | Charlie Hipwood | 1 m | |
| F. | Pipeline Report | Discuss | Priya Yadav | 1 m | |
| G. | Portfolio Update | Discuss | Charlie Hipwood | 1 m | |
| H. | Compensation Committee Discussion | Discuss | William Asher | 15 m | |
| I. | Compensation Vote | Vote | William Asher | 5 m | |
| J. | Roll Call Vote to Return to Open Session | Vote | Charlie Hipwood | 1 m | |
|
Having completed all business of this Executive Session, I will now ask the members to vote to reconvene in Open Session.
After Vote: Anyone who was required to leave during Executive Session be invited back into the room. We will now announce any Votes that took place during Executive Session. |
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| VII. | Closing Items | 9:41 AM | |||
| A. | Adjourn Meeting | Vote | |||