MassVentures
Minutes
MassVentures Board Meeting
Date and Time
Monday November 20, 2023 at 8:00 AM
Location
1075 Main Street, Suite 100
Waltham MA 02451
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Meeting ID: 864 0110 5923
Passcode: 295420
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Directors Present
A. Basheer (remote), C. Bouthot (remote), J. Griffin (remote), J. Hoch (remote), J. O'Reilly (remote), M. James (remote), R. Jarquin (remote), W. Asher
Directors Absent
D. Schultheis, M. Valanzola, Y. Hao
Guests Present
C. Hipwood, J. Madison, P. Yadav, S. Leis, S. Swider, V. Nijhawan, W. Leslie
I. Opening Items
A.
Call the Meeting to Order
B.
Examples of Mission
C.
Highlights
Mr. Hipwood provided highlights from the prior month.
II. Approvals
A.
Board Minutes
Roll Call | |
---|---|
J. Hoch |
Aye
|
W. Asher |
Aye
|
Y. Hao |
Absent
|
D. Schultheis |
Absent
|
J. Griffin |
Aye
|
M. Valanzola |
Absent
|
M. James |
Aye
|
J. O'Reilly |
Aye
|
A. Basheer |
Aye
|
R. Jarquin |
Aye
|
C. Bouthot |
Aye
|
B.
Expedited Investment Committee Minutes
Roll Call | |
---|---|
A. Basheer |
Aye
|
J. Hoch |
Aye
|
C. Bouthot |
Aye
|
D. Schultheis |
Absent
|
J. O'Reilly |
Aye
|
M. James |
Aye
|
W. Asher |
Aye
|
R. Jarquin |
Aye
|
J. Griffin |
Aye
|
M. Valanzola |
Absent
|
Y. Hao |
Absent
|
C.
Pre-Investment Action Sheet - Feon
Roll Call | |
---|---|
C. Bouthot |
Aye
|
Y. Hao |
Absent
|
M. Valanzola |
Absent
|
R. Jarquin |
Aye
|
D. Schultheis |
Absent
|
J. Griffin |
Aye
|
M. James |
Aye
|
J. Hoch |
Aye
|
J. O'Reilly |
Aye
|
W. Asher |
Aye
|
A. Basheer |
Aye
|
D.
Pre-Investment Action Sheet - Aeroshield
Roll Call | |
---|---|
J. Griffin |
Aye
|
R. Jarquin |
Aye
|
W. Asher |
Aye
|
C. Bouthot |
Aye
|
A. Basheer |
Aye
|
M. James |
Aye
|
J. Hoch |
Aye
|
J. O'Reilly |
Aye
|
Y. Hao |
Absent
|
M. Valanzola |
Absent
|
D. Schultheis |
Absent
|
E.
Pre Investment Action Sheet - Envision
Roll Call | |
---|---|
W. Asher |
Aye
|
J. O'Reilly |
Aye
|
J. Griffin |
Aye
|
R. Jarquin |
Aye
|
C. Bouthot |
Aye
|
Y. Hao |
Absent
|
J. Hoch |
Aye
|
M. James |
Aye
|
M. Valanzola |
Absent
|
D. Schultheis |
Absent
|
A. Basheer |
Aye
|
F.
Pre Investment Action Sheet - Ernest
Roll Call | |
---|---|
J. Griffin |
Aye
|
A. Basheer |
Aye
|
J. O'Reilly |
Aye
|
C. Bouthot |
Aye
|
M. Valanzola |
Absent
|
W. Asher |
Aye
|
M. James |
Aye
|
J. Hoch |
Aye
|
R. Jarquin |
Aye
|
D. Schultheis |
Absent
|
Y. Hao |
Absent
|
G.
Pre Investment Action Sheet - Armored Things
Roll Call | |
---|---|
J. Hoch |
Aye
|
C. Bouthot |
Aye
|
W. Asher |
Aye
|
J. O'Reilly |
Aye
|
R. Jarquin |
Aye
|
D. Schultheis |
Absent
|
A. Basheer |
Aye
|
Y. Hao |
Absent
|
M. Valanzola |
Absent
|
J. Griffin |
Aye
|
M. James |
Aye
|
Roll Call | |
---|---|
R. Jarquin |
Aye
|
W. Asher |
Aye
|
M. Valanzola |
Absent
|
J. Hoch |
Aye
|
C. Bouthot |
Aye
|
A. Basheer |
Aye
|
M. James |
Aye
|
Y. Hao |
Absent
|
J. O'Reilly |
Aye
|
D. Schultheis |
Absent
|
J. Griffin |
Aye
|
III. Financial Matters
A.
Treasurer's Report
Mr. Madison presented the Treasurer's report for September 2023. Discussion ensued.
B.
Approve Treasurer's Report
Roll Call | |
---|---|
R. Jarquin |
Aye
|
A. Basheer |
Aye
|
W. Asher |
Aye
|
M. James |
Aye
|
Y. Hao |
Absent
|
M. Valanzola |
Absent
|
J. O'Reilly |
Aye
|
D. Schultheis |
Absent
|
C. Bouthot |
Aye
|
J. Griffin |
Aye
|
J. Hoch |
Aye
|
IV. Conflicts of Interest
A.
Conflicts
Mr. Hipwood presented a list of new companies under consideration for investment and asked that any Conflicts of Interest be declared. None were noted.
V. Executive Session
A.
Roll Call Vote to Enter Executive Session
Roll Call | |
---|---|
C. Bouthot |
Aye
|
M. James |
Aye
|
J. Griffin |
Aye
|
Y. Hao |
Absent
|
R. Jarquin |
Aye
|
J. O'Reilly |
Aye
|
M. Valanzola |
Absent
|
W. Asher |
Aye
|
D. Schultheis |
Absent
|
A. Basheer |
Aye
|
J. Hoch |
Aye
|
B.
Approve Acorn Winners
Roll Call | |
---|---|
J. Griffin |
Aye
|
A. Basheer |
Aye
|
C. Bouthot |
Aye
|
Y. Hao |
Absent
|
M. Valanzola |
Absent
|
D. Schultheis |
Absent
|
J. O'Reilly |
Aye
|
W. Asher |
Aye
|
R. Jarquin |
Aye
|
M. James |
Aye
|
J. Hoch |
Aye
|
C.
Preview- Anchoring AI
Ms. Swider presented an overview of Anchoring AI. Discussion ensued.
D.
Preview - QUNett
Ms. Swider presented an overview of QUNett. Discussion ensued.
E.
Pipeline Report
F.
Portfolio Update
Mr. Hipwood provided a brief update on portfolio.
G.
Roll Call Vote to Return to Open Session
Roll Call | |
---|---|
A. Basheer |
Aye
|
M. Valanzola |
Absent
|
J. Griffin |
Aye
|
J. O'Reilly |
Aye
|
C. Bouthot |
Aye
|
M. James |
Aye
|
D. Schultheis |
Absent
|
R. Jarquin |
Aye
|
W. Asher |
Aye
|
J. Hoch |
Aye
|
Y. Hao |
Absent
|
VI. President's Report
A.
General Update
Mr. Hipwood provided a general update of the business. Discussion ensued.
B.
MV Capital Update
C.
MV Accelerate Update
D.
SBIR Support Overview
Ms. Swider provided an update on SBIR Support. Discussion ensued.
E.
Founder School Overview
Ms. Leis provided an overview of Founder School. Discussion ensued.
F.
Board-only Session
MassVentures staff left the meeting. Mr. Hipwood remained and had a discussion with the board around strategic topics.
Mr. Hipwood provided examples of meeting the mission.