MassVentures
Minutes
MassVentures Board Meeting
Date and Time
Thursday March 17, 2022 at 8:00 AM
Location
Directors Present
C. Bouthot (remote), D. Schultheis (remote), J. Hoch (remote), J. O'Reilly (remote), L. Canter (remote), M. Attia (remote), N. Collins (remote), R. Jarquin (remote), S. Asker (remote), W. Asher (remote)
Directors Absent
M. James, M. Valanzola
Directors who left before the meeting adjourned
C. Bouthot, L. Canter, M. Attia
Guests Present
C. Hipwood (remote), J. Madison (remote), M. Wilcox (remote), P. Yadav (remote), S. Swider (remote), V. Nijhawan (remote)
I. Opening Items
A.
Call the Meeting to Order
B.
Examples of Mission
II. Approvals
A.
Board Minutes
| Roll Call | |
|---|---|
| J. O'Reilly |
No
|
| R. Jarquin |
No
|
| N. Collins |
No
|
| D. Schultheis |
No
|
| M. James |
Absent
|
| W. Asher |
No
|
| S. Asker |
No
|
| J. Hoch |
No
|
| M. Valanzola |
Absent
|
| M. Attia |
Abstain
|
| C. Bouthot |
No
|
| L. Canter |
No
|
B.
Pre-investment action sheet - Adden Energy
III. Financial Matters
A.
Treasurer's Report
B.
Approve Treasurer's Report
IV. Executive Session
A.
Roll Call Vote to Enter Executive Session
One member of the public was asked to wait in the remote waiting room until open meeting resumed.
B.
Harmony Baby Presentation
Harmony Baby presented an opportunity to invest in their Series Seed raise. Q & A followed.
C.
Harmony Baby - Discussion for Potential Investment
Harmony Baby left the remote meeting. The Board discussed the investment opportunity.
D.
Vote - Harmony Baby
E.
Presentation - AeroShield
AeroShield presented an opportunity to invest in their Series Seed raise. Q & A followed.
F.
Discuss - AeroShield
AeroShield left the remote meeting. The Board discussed the investment opportunity.
G.
Vote AeroShield
H.
Preview - Embue
Ms. Yadav previewed a possible investment in Embue. Discussion ensued.
I.
Preview - Leuko
Ms. Swider previewed a possible investment in Leuko. Discussion ensued.
J.
Preview - TalkingHead Wireless
Mr. Nijhawan previewed a possible investment in TalkingHead Wireless. Discussion ensued.
K.
Pipeline Report
L.
Portfolio Update
Mr. Hipwood presented an update for several portfolio companies. Discussion ensued.
M.
Portfolio Valuation Discussion
Mr. Hipwood presented an update of portfolio company valuations.
N.
Roll Call Vote to Return to Open Session
After returning to Open Session, Mr. Hipwood announced that 2 votes took place during Executive Session related to potential investments in Harmony Baby and AeroShield. Mr. Hipwood also noted that no members of the public were waiting in the virtual waiting room.
| Roll Call | |
|---|---|
| M. Attia |
Absent
|
| N. Collins |
Aye
|
| J. Hoch |
Aye
|
| J. O'Reilly |
Aye
|
| M. James |
Absent
|
| M. Valanzola |
Absent
|
| D. Schultheis |
Aye
|
| S. Asker |
Aye
|
| L. Canter |
Absent
|
| W. Asher |
Aye
|
| R. Jarquin |
Aye
|
| C. Bouthot |
Absent
|
V. Conflicts of Interest
A.
Conflicts
Mr. Hipwood presented a list of new companies in the opportunity pipeline and asked the Board to declare any conflicts of interest. No conflicts were declared.
VI. President's Report
A.
General Update
Mr. Hipwood presented a general update of the business.
B.
MV Capital Update
Mr. Hipwood presented updates related to START and other capital programs.
C.
MV Accelerate Update
Mr. Hipwood announced that the Commercialization Accelerator launched on March 16, 2022 and that the initial response was very positive.
D.
Other Updates
Ms. Wilcox presented an update of marketing and branding initiatives.
Mr. Madison presented the Treasurer's report for January 2022.