MassVentures
Minutes
MassVentures Board Meeting
Date and Time
Monday May 1, 2023 at 8:00 AM
Location
1075 Main Street, Suite 100
Waltham, MA 02451
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Directors Present
A. Basheer (remote), C. Bouthot (remote), D. Schultheis (remote), H. Fruscio Altsman (remote), J. Griffin (remote), J. Hoch (remote), J. O'Reilly (remote), M. Valanzola (remote), R. Jarquin (remote), W. Asher (remote), Y. Hao (remote)
Directors Absent
M. James
Guests Present
C. Hipwood, J. Madison, P. Yadav, S. Leis (remote), S. Swider (remote), V. Nijhawan (remote)
I. Opening Items
A.
Call the Meeting to Order
B.
Examples of Mission
C.
Highlights
II. Approvals
A.
Board Minutes
| Roll Call | |
|---|---|
| J. Hoch |
Aye
|
| H. Fruscio Altsman |
Aye
|
| D. Schultheis |
Abstain
|
| Y. Hao |
Abstain
|
| J. Griffin |
Aye
|
| W. Asher |
Aye
|
| J. O'Reilly |
Aye
|
| M. James |
Absent
|
| A. Basheer |
Aye
|
| C. Bouthot |
Aye
|
| M. Valanzola |
Aye
|
| R. Jarquin |
Aye
|
B.
START Winners
| Roll Call | |
|---|---|
| A. Basheer |
Aye
|
| C. Bouthot |
Aye
|
| R. Jarquin |
Aye
|
| H. Fruscio Altsman |
Aye
|
| W. Asher |
Aye
|
| J. Griffin |
Aye
|
| M. Valanzola |
Aye
|
| M. James |
Absent
|
| D. Schultheis |
Aye
|
| Y. Hao |
Abstain
|
| J. O'Reilly |
Aye
|
| J. Hoch |
Aye
|
III. Financial Matters
A.
Treasurer's Report
Mr. Madison presented the financial report for the period ending February 28, 2023. Discussion ensued.
B.
Approve Treasurer's Report
| Roll Call | |
|---|---|
| C. Bouthot |
Aye
|
| M. Valanzola |
Aye
|
| A. Basheer |
Aye
|
| J. Hoch |
Aye
|
| J. Griffin |
Aye
|
| W. Asher |
Aye
|
| D. Schultheis |
Aye
|
| M. James |
Absent
|
| R. Jarquin |
Aye
|
| H. Fruscio Altsman |
Aye
|
| J. O'Reilly |
Aye
|
| Y. Hao |
Abstain
|
IV. Conflicts of Interest
A.
Conflicts
Mr. HIpwood presented a list of companies under consideration for venture funding and asked the Board to declare any conflicts of interest. No conflicts were noted.
V. Executive Session
A.
Roll Call Vote to Enter Executive Session
The Board decided to stay in open session as no discussion of confidential matters was anticipated.
B.
Preview - Emvelon
Ms. Yadav presented a preview of Emvelon. Discussion ensued.
C.
Preview - Z Polymers
Ms. Swider presented a preview of Z Polymers. Discussion ensued.
D.
Preview - Stitch 3D
Ms. Swider presented a preview of Stitch 3D. Discussion ensued.
E.
Pipeline Report
Mr. Hipwood discussed the health of the opportunity pipeline.
F.
Portfolio Update
Mr. HIpwood presented portfolio updates.
| Roll Call | |
|---|---|
| H. Fruscio Altsman |
Aye
|
| W. Asher |
Aye
|
| M. Valanzola |
Aye
|
| J. Griffin |
Aye
|
| M. James |
Absent
|
| A. Basheer |
Aye
|
| D. Schultheis |
Aye
|
| C. Bouthot |
Aye
|
| Y. Hao |
Aye
|
| R. Jarquin |
Aye
|
| J. O'Reilly |
Aye
|
| J. Hoch |
Aye
|
VI. President's Report
A.
General Update
The board had a discussion around best ways to support the economic development planning process and economic development solutions that could be impactful. The Board agreed to continue the discussions at future Board meetings as the economic development process continues throughout the year.
B.
MV Capital Update
C.
MV Accelerate Update
D.
Other Updates
Massventures staff left the meeting and the Board held a board-only discussion.
Mr. Hipwood presented highlight since the prior board meeting. Discussion ensued.