MassVentures

MassVentures Board Meeting

Published on March 17, 2025 at 1:51 PM EDT

Date and Time

Monday March 24, 2025 at 8:00 AM EDT

Location

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Meeting ID: 841 1652 5784
Passcode: 545300

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1075 Main Street, Suite 100

Waltham, MA 02451

 

 

Agenda

Section Number Topic Number Details Purpose Presenter Time
I. Opening Items 8:00 AM
  A. Call the Meeting to Order   Yvonne Hao 1 m
  B. Examples of Mission   Charlie Hipwood 1 m
  C. Highlights Discuss Charlie Hipwood 3 m
  D. Donahue Institute Impact Report Discuss Charlie Hipwood 30 m
II. Approvals 8:35 AM
  A. Board Minutes Approve Minutes Charlie Hipwood 1 m
    Approve minutes for MassVentures Board Meeting on February 10, 2025  
  B. Pre-Investment Action Shee: Transaera Vote Charlie Hipwood 1 m
  C. Pre-Investment Action Sheet: ZPoly RLF Vote Charlie Hipwood 1 m
III. Financial Matters 8:38 AM
  A. Treasurer's Report Discuss Jim Madison 5 m
  B. Approve Treasurer's Report Vote Charlie Hipwood 1 m
  C. Investment Adjustment for Inflation Vote Charlie Hipwood 5 m
IV. Conflicts of Interest 8:49 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 8:50 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. THRiVE Grants Vote Charlie Hipwood 3 m
  C. START Grants Vote Charlie Hipwood 5 m
  D. ClearCut Surgical Discuss Vinit Nijhawan 30 m
  E. Clearcut Surgical Vote Vote Vinit Nijhawan 10 m
  F. QSM RLF Discussion Discuss Charlie Hipwood 5 m
  G. QSM RLF Vote Vote Charlie Hipwood 5 m
  H. BitEnergy Discussion Discuss Stacy Swider 10 m
  I. BitEnergy Vote Vote Stacy Swider 5 m
  J. Pipeline Report Discuss Priya Yadav 3 m
  K. Portfolio Update Discuss Charlie Hipwood 30 m
  L. 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 10:38 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
  E. Board-only Session Discuss Yvonne Hao 5 m
VII. Closing Items 10:59 AM
  A. Adjourn Meeting Vote