Final

MassVentures

MassVentures Board Meeting

Published on October 7, 2022 at 12:10 PM EDT

Date and Time

Thursday October 13, 2022 at 8:00 AM EDT

Location

308 Congress Street (if in person)
Join Zoom Meeting

 

Meeting ID: 840-0424-4492
Password: 8792

 

Dial by your location
     (312) 626 6799 (Chicago)

 

Agenda

      Purpose Presenter Time
I. Opening Items 8:00 AM
  A. Call the Meeting to Order   Mark Fuller 1 m
  B. Intro - Mark Fuller   Mark Fuller 2 m
  C. Examples of Mission   Charlie Hipwood 5 m
  D. Highlights   Charlie Hipwood 2 m
  E. Audit Presentation Discuss Charlie Hipwood 30 m
   

The auditors from KNS will present the audit process and findings.

  
II. Approvals 8:40 AM
  A. Board Minutes Approve Minutes Charlie Hipwood 1 m
    Approve minutes for MassVentures Board Meeting on September 8, 2022  
  B. Pre-investment action sheet - InGel Therapeutics Vote Charlie Hipwood 1 m
  C. Audit Committee Minutes - October 12, 2022 Approve Minutes Charlie Hipwood 5 m
III. Financial Matters 8:47 AM
  A. Treasurer's Report Discuss Jim Madison 5 m
  B. Approve Treasurer's Report Vote Charlie Hipwood 1 m
IV. Conflicts of Interest 8:53 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.
 
  A. Conflicts Discuss Charlie Hipwood 5 m
V. President's Report 8:58 AM
  A. General Update Discuss Charlie Hipwood 5 m
  B. MV Capital Update Discuss Charlie Hipwood 15 m
  C. MV Accelerate Update Discuss Charlie Hipwood 15 m
  D. Other Updates Discuss Charlie Hipwood 1 m
VI. Executive Session 9:34 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:
  • Confidential financial information of applicants for MassVentures funds; and
  • Information regarding the competitive positions of such applicants in their  respective industries.
2.  Regarding Personnel / Compensation matters
  • Negotiation with nonunion personnel or conduct a collective bargaining session with a union in executive session, and may even agree on final contract terms.
The Board will reconvene in Open Session following Executive Session.
I will need a roll call vote from the members to go into Executive Session.
  
  B. Pipeline Report Discuss Priya Yadav 3 m
  C. Portfolio Update Discuss Charlie Hipwood 5 m
  D. Comp Committee Presentation Discuss Mark Fuller 30 m
  E. Comp Committee Minutes - October 5, 2022 Approve Minutes Charlie Hipwood 5 m
     
  F. Comp Committee Minutes - October 11, 2022 Approve Minutes 5 m
  G. Vote on any changes to Compensation Structure for Fiscal Year 2023 Vote Mark Fuller 5 m
  H. 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.
  
VII. Closing Items 10:29 AM
  A. Adjourn Meeting Vote