MassVentures
Minutes
MassVentures Board Meeting
Date and Time
Monday January 12, 2026 at 8:00 AM
Location
https://us02web.zoom.us/j/82465759936?pwd=DtbbQvl1LAszZPAJf2fOqjKf8sA4ZQ.1&from=addon
Meeting ID: 824 6575 9936
Passcode: 306394
1075 Main Street, Suite 100
Waltham, MA 02451
Directors Present
B. Linville-Engler (remote), B. Shim (remote), D. Schultheis, E. Kennedy (remote), E. Paley (remote), J. O'Reilly (remote), L. Wittenberg (remote), M. Cowan (remote), M. James, R. Jarquin (remote)
Directors Absent
R. Wilcox
Directors who arrived after the meeting opened
D. Schultheis
Guests Present
C. Hipwood (remote), J. Madison, M. Kassaraba, P. Yadav, S. Leis, S. Swider, V. Nijhawan, W. Leslie, Z. Moochhala
I. Opening Items
A.
Call the Meeting to Order
B.
Examples of Mission
C.
Highlights
Mr. Hipwood provided some highlights since the last meeting
II. Approvals
A.
Board Minutes
| Roll Call | |
|---|---|
| E. Kennedy |
Aye
|
| R. Wilcox |
Absent
|
| D. Schultheis |
Absent
|
| M. Cowan |
Aye
|
| R. Jarquin |
Aye
|
| J. O'Reilly |
Abstain
|
| B. Linville-Engler |
Aye
|
| M. James |
Aye
|
| B. Shim |
Aye
|
| E. Paley |
Aye
|
| L. Wittenberg |
Aye
|
B.
Pre-Investment Action Sheet - Feon
| Roll Call | |
|---|---|
| R. Jarquin |
Aye
|
| E. Kennedy |
Aye
|
| R. Wilcox |
Absent
|
| D. Schultheis |
Absent
|
| B. Linville-Engler |
Aye
|
| E. Paley |
Aye
|
| B. Shim |
Aye
|
| M. James |
Aye
|
| M. Cowan |
Aye
|
| L. Wittenberg |
Aye
|
| J. O'Reilly |
Aye
|
C.
Pre Investment Action Sheet - Myrias
| Roll Call | |
|---|---|
| J. O'Reilly |
Aye
|
| E. Kennedy |
Aye
|
| M. Cowan |
Aye
|
| R. Wilcox |
Absent
|
| M. James |
Aye
|
| D. Schultheis |
Absent
|
| B. Shim |
Aye
|
| L. Wittenberg |
Aye
|
| R. Jarquin |
Aye
|
| B. Linville-Engler |
Aye
|
| E. Paley |
Aye
|
III. Financial Matters
A.
Treasurer's Report
Mr. Madison presented the Treasurer's report. Discussion ensued.
B.
Approve Treasurer's Report
| Roll Call | |
|---|---|
| M. James |
Aye
|
| M. Cowan |
Aye
|
| R. Jarquin |
Aye
|
| J. O'Reilly |
Aye
|
| B. Linville-Engler |
Aye
|
| B. Shim |
Aye
|
| R. Wilcox |
Absent
|
| E. Kennedy |
Aye
|
| D. Schultheis |
Aye
|
| E. Paley |
Aye
|
| L. Wittenberg |
Aye
|
IV. Conflicts of Interest
A.
Conflicts
Mr. Hipwood presented a list of new companies under consideration and asked that any conflicts of interest be declared. None were noted.
V. Strategy Discussion
A.
Strategy Discussion
Mr. Hipwood outlined some accomplishments since the prior strategy discussions as well as the current situation at MassVentures. Discussion ensued around strategy for fiscal year 2027 and beyond.
VI. Executive Session
A.
Roll Call Vote to Enter Executive Session
| Roll Call | |
|---|---|
| B. Shim |
Aye
|
| E. Kennedy |
Aye
|
| D. Schultheis |
Aye
|
| J. O'Reilly |
Aye
|
| M. James |
Aye
|
| L. Wittenberg |
Aye
|
| E. Paley |
Aye
|
| M. Cowan |
Aye
|
| R. Jarquin |
Aye
|
| R. Wilcox |
Absent
|
| B. Linville-Engler |
Aye
|
B.
EverestBio Presentation and Discussion
EverestBio presented an overview of their company and the current fund raise. Discussion ensued.
C.
EverestBio Vote
| Roll Call | |
|---|---|
| B. Linville-Engler |
Aye
|
| E. Paley |
Aye
|
| L. Wittenberg |
Aye
|
| E. Kennedy |
Aye
|
| B. Shim |
Aye
|
| M. James |
Aye
|
| D. Schultheis |
Aye
|
| M. Cowan |
Aye
|
| R. Jarquin |
Aye
|
| J. O'Reilly |
Aye
|
| R. Wilcox |
Absent
|
D.
Pipeline Report
E.
Portfolio Update
Mr. HIpwood provided some updates on portfolio companies. Discussion ensued.
F.
Roll Call Vote to Return to Open Session
| Roll Call | |
|---|---|
| J. O'Reilly |
Aye
|
| D. Schultheis |
Aye
|
| E. Paley |
Aye
|
| L. Wittenberg |
Aye
|
| E. Kennedy |
Aye
|
| M. James |
Aye
|
| R. Jarquin |
Aye
|
| B. Shim |
Aye
|
| R. Wilcox |
Absent
|
| M. Cowan |
Aye
|
| B. Linville-Engler |
Aye
|
Mr. Hipwood announced that one vote took place during open session to approve investment in EverestBio.
VII. President's Report
A.
General Update
Mr. Hipwood provided a brief update. Discussion ensued.
Mr. Hipwood provided some examples of mission since the last meeting.