MassVentures
Minutes
MassVentures Board Meeting
Date and Time
Thursday April 14, 2022 at 8:00 AM
Location
Directors Present
C. Bouthot (remote), D. Schultheis (remote), J. Hoch (remote), J. O'Reilly (remote), M. Attia (remote), M. James (remote), M. Valanzola (remote), R. Jarquin (remote), S. Asker (remote), W. Asher (remote)
Directors Absent
N. Collins
Directors who arrived after the meeting opened
J. Hoch
Directors who left before the meeting adjourned
J. Hoch
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
B.
Expedited Investment Committee Minutes
C.
Pre-investment action sheet - Harmony Baby
D.
Pre-Investment Action Sheet - Aeroshield
E.
Pre-Investment Action Sheet - Raven360
III. Financial Matters
A.
Treasurer's Report
B.
Approve Treasurer's Report
IV. Executive Session
A.
Roll Call Vote to Enter Executive Session
Roll Call | |
---|---|
R. Jarquin |
Aye
|
J. O'Reilly |
Aye
|
D. Schultheis |
Aye
|
C. Bouthot |
Aye
|
S. Asker |
Aye
|
N. Collins |
Absent
|
J. Hoch |
Absent
|
M. Valanzola |
Aye
|
M. Attia |
Aye
|
W. Asher |
Aye
|
M. James |
Aye
|
B.
Discuss - MVP Robotics
Mr. Hipwood presented a loan opportunity for the Revolving Loan Fund. Discussion ensued.
C.
Vote MVP Robotics
D.
Pipeline Report
Ms. Yadav presented a brief overview of companies that might be previewed at the next board meeting that are represented in the deal comparison sheet.
E.
Portfolio Update
Mr. Hipwood provided an update on several portfolio companies. Discussion ensued.
F.
Roll Call Vote to Return to Open Session
Roll Call | |
---|---|
C. Bouthot |
Aye
|
D. Schultheis |
Aye
|
M. Attia |
Aye
|
S. Asker |
Aye
|
W. Asher |
Aye
|
R. Jarquin |
Aye
|
N. Collins |
Absent
|
J. O'Reilly |
Aye
|
M. Valanzola |
Aye
|
M. James |
Aye
|
J. Hoch |
Aye
|
G.
Mr. Hipwood announced that a vote took place during executive session to approve a loan to MVP Robotics.
V. Conflicts of Interest
A.
Conflicts
Mr. Hipwood presented the new deals in the opportunity pipeline and asked the board members to announce any conflicts of interest. None were noted.
VI. President's Report
A.
SSTI Report
The Board discussed the SSTI report prepared for MassVentures and what implications that may mean for MassVentures' strategy.
B.
Survey Results
The board discussed the results of the innovation economy survey conducted by MassVentures along with related strategy or policy implications.
C.
General Update
Mr. Hipwood provided a general update of activities at MassVentures.
D.
MV Capital Update
Mr. Hipwood provided an update of the START grant program. Ms. Yadav provided an update of the Catalyst program.
E.
MV Accelerate Update
Mr. Hipwood provided an update on the Commercialization Accelerator.
F.
Other Updates
Ms. Wilcox provided an update on messaging and branding.
Mr. Madison presented the treasurer's report for February 2022 month end. Discussion ensued.