MassVentures
MassVentures Board Meeting
Published on June 5, 2023 at 8:52 PM EDT
Date and Time
Monday June 12, 2023 at 8:00 AM EDT
Location
1075 Main Street, Suite 100
Waltham MA 02451
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Agenda
| Purpose | Presenter | Time | |||
|---|---|---|---|---|---|
| I. | Opening Items | 8:00 AM | |||
| A. | Call the Meeting to Order | Rene Jarquin | 1 m | ||
| B. | Examples of Mission | Charlie Hipwood | 2 m | ||
| C. | Highlights | Discuss | Charlie Hipwood | 1 m | |
| II. | Approvals | 8:04 AM | |||
| A. | Board Minutes | Approve Minutes | Charlie Hipwood | 1 m | |
| Approve minutes for MassVentures Board Meeting on May 1, 2023 | |||||
| III. | Financial Matters | 8:05 AM | |||
| A. | Treasurer's Report | Discuss | Jim Madison | 5 m | |
| B. | Approve Treasurer's Report | Vote | Charlie Hipwood | 1 m | |
| C. | FY 2024 Budget Discussion | Discuss | Jim Madison | 15 m | |
| D. | Vote to approve FY 2024 Budget | Vote | Jim Madison | 5 m | |
| IV. | President's Report | 8:31 AM | |||
| A. | General Update | Discuss | Charlie Hipwood | 1 m | |
| B. | MV Capital Update | Discuss | Charlie Hipwood | 1 m | |
| C. | MV Accelerate Update | Discuss | Charlie Hipwood | 1 m | |
| D. | Other Updates | Discuss | Charlie Hipwood | 1 m | |
| E. | Strategy Discussion - Fund for Research Spinouts | Discuss | Charlie Hipwood | 15 m | |
| V. | Conflicts of Interest | 8:50 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 | 8:51 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. |
|||||
| B. | Discussion - Aclarity Follow-On Investment | Discuss | Stacy Swider | 10 m | |
| C. | Vote - Aclarity Follow-on Investment | Vote | Stacy Swider | 5 m | |
| D. | Presentation - Emvelon | Discuss | Priya Yadav | 20 m | |
| E. | Vote - Emvelon | Vote | Priya Yadav | 15 m | |
| F. | Presentation - Z Polymers | Discuss | Stacy Swider | 20 m | |
| G. | Vote - Z Polymers | Vote | Stacy Swider | 15 m | |
| H. | Pipeline Report | Discuss | Priya Yadav | 1 m | |
| I. | Portfolio Update | Discuss | Charlie Hipwood | 1 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 | 10:20 AM | |||
| A. | Board-Only Session | Discuss | William Asher | 10 m | |
| B. | Adjourn Meeting | Vote | |||