MassVentures
Minutes
Expedited Investment Committee Meeting
Date and Time
Wednesday May 21, 2025 at 8:00 AM
Location
ttps://us02web.zoom.us/j/81008321664?pwd=dXrjkisyy2mwDnNHV7bZblhGVNv0lN.1&from=addon
Meeting ID: 810 0832 1664
Passcode: 138979
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Directors Present
A. Stolba (remote), D. Schultheis (remote), R. Jarquin (remote), W. Asher (remote)
Directors Absent
None
Guests Present
C. Hipwood (remote), J. Madison (remote), P. Yadav (remote)
I. Opening Items
A.
Record Attendance
B.
Call the Meeting to Order
A. Stolba called a meeting of the board of directors of MassVentures to order on Wednesday May 21, 2025 at 8:01 AM.
C.
Public Comments
No public comments.
II. Executive Session
A.
Vote to Enter Executive Session
W. Asher made a motion to Enter into executive session to discuss confidential information related to applicants of MassVentures' funds.
R. Jarquin seconded the motion.
The board VOTED to approve the motion.
| Roll Call | |
|---|---|
| D. Schultheis |
Aye
|
| A. Stolba |
Aye
|
| R. Jarquin |
Aye
|
| W. Asher |
Aye
|
III. Expedited Investment - Emvolon
A.
Discuss potential follow-on investment in Emvolon
Ms. Yadav presented information related to an investment opportunity in Emvolon. Discussion ensued.
B.
Vote on investment in Emvolon
R. Jarquin made a motion to Approve the investment in Emvolon as presented.
W. Asher seconded the motion.
The board VOTED to approve the motion.
| Roll Call | |
|---|---|
| R. Jarquin |
Aye
|
| A. Stolba |
Aye
|
| D. Schultheis |
Aye
|
| W. Asher |
Aye
|
Mr. Barry and Ms. Tonucci also expressed their support for the investment on behalf of Commonwealth Fund IV.
IV. Return to Open Session
A.
Vote to Return to Open Session
W. Asher made a motion to Return to open session.
R. Jarquin seconded the motion.
The board VOTED to approve the motion.
| Roll Call | |
|---|---|
| R. Jarquin |
Aye
|
| D. Schultheis |
Aye
|
| A. Stolba |
Aye
|
| W. Asher |
Aye
|
After returning to open session, Mr. Hipwood announced that a vote took place to approve investment in Emvolon.
V. Closing Items
A.
Adjourn Meeting
There being no further business to be transacted, and upon motion duly made, seconded and approved, the meeting was adjourned at 8:20 AM.
Respectfully Submitted,
W. Asher
Mr. Kevin Barry and Ms. Cyndy Tonucci from MassDevelopment also joined the call on behalf of Commonwealth Fund IV.