Final

MassVentures

MassVentures Board Meeting

Published on October 10, 2023 at 4:51 PM EDT

Date and Time

Monday October 16, 2023 at 9:00 AM EDT

Location

1075 Main Street, Suite 100

Waltham MA 02451

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Agenda

Section Number Topic Number Details Purpose Presenter Time
I. Opening Items 9:00 AM
  A. Call the Meeting to Order   Yvonne Hao 1 m
  B. Examples of Mission   Charlie Hipwood 5 m
  C. Highlights Discuss Charlie Hipwood 1 m
II. Approvals 9:07 AM
  A. Board Minutes Approve Minutes Charlie Hipwood 1 m
    Approve minutes for MassVentures Board Meeting on September 11, 2023  
  B. Pre-Investment Action Sheet - Feon Vote Charlie Hipwood 1 m
  C. Pre-Investment Action Sheet - Versatope Vote Charlie Hipwood 1 m
III. Financial Matters 9:10 AM
  A. Treasurer's Report Discuss Jim Madison 5 m
  B. Approve Treasurer's Report Vote Charlie Hipwood 1 m
  C. Audit Committee Presentation Discuss Charlie Hipwood 10 m
  D. Audit Committee Minutes Approve Minutes Charlie Hipwood 1 m
    Approve minutes for Audit Committee Meeting on October 10, 2023  
  E. Vote - Audit Committee Recommendation Vote Charlie Hipwood 1 m
IV. Conflicts of Interest 9:28 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 1 m
V. Executive Session 9:29 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. Vote - Amendment to Feon Investment Approval Vote Charlie Hipwood 5 m
  C. Presentation - Envision Endoscopy Discuss Vinit Nijhawan 20 m
  D. Vote - Envision Endoscopy Vote Vinit Nijhawan 10 m
  E. Presentation - Ernest Pharmaceuticals Discuss Priya Yadav 20 m
  F. Vote - Ernest Pharmaceuticals Vote Priya Yadav 10 m
  G. Discuss - Aeroshield Discuss Vinit Nijhawan 10 m
  H. Vote - Aeroshield Vote Vinit Nijhawan 5 m
  I. Preview- Armored Things Discuss Charlie Hipwood 2 m
  J. Preview - ESki Discuss Priya Yadav 2 m
  K. Pipeline Report Discuss Priya Yadav 1 m
  L. Portfolio Update Discuss Charlie Hipwood 1 m
  M. 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.
  
VI. President's Report 10:57 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. Portfolio Report Discuss Charlie Hipwood 10 m
  E. Board-only Session Discuss Yvonne Hao 5 m
VII. Closing Items 11:15 AM
  A. Adjourn Meeting Vote