MassVentures
Minutes
Expedited Investment Committee Meeting
Date and Time
Wednesday March 30, 2022 at 2:00 PM
Location
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Directors Present
J. O'Reilly (remote), R. Jarquin (remote), S. Asker (remote), W. Asher (remote)
Directors Absent
None
Guests Present
C. Hipwood (remote), J. Madison (remote)
I. Opening Items
A.
Record Attendance
B.
Call the Meeting to Order
S. Asker called a meeting of the board of directors of MassVentures to order on Wednesday Mar 30, 2022 at 2:02 PM.
C.
Public Comments
II. Executive Session
A.
Vote to Enter Executive Session
W. Asher made a motion to Enter into Executive Session to discuss confidential financial information related to a MassVentures' portfolio company.
R. Jarquin seconded the motion.
The board VOTED unanimously to approve the motion.
| Roll Call | |
|---|---|
| S. Asker |
Aye
|
| J. O'Reilly |
Aye
|
| W. Asher |
Aye
|
| R. Jarquin |
Aye
|
III. Expedited Investment - Raven360
A.
Discuss Potential Investment in Raven360
Mr. Hipwood presented an opportunity to participate in a convertible note bridge round for Raven360. The board discussed the risks associated with participating in the round along with the benefits.
B.
Vote on Potential Investment in Raven360
W. Asher made a motion to Approve the investment as presented.
R. Jarquin seconded the motion.
The board VOTED unanimously to approve the motion.
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 unanimously to approve the motion.
| Roll Call | |
|---|---|
| S. Asker |
Aye
|
| R. Jarquin |
Aye
|
| W. Asher |
Aye
|
| J. O'Reilly |
Aye
|
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 2:21 PM.
Respectfully Submitted,
W. Asher
There were no members of the public present.