MassVentures
Minutes
MassVentures Board Meeting
Date and Time
Monday December 18, 2023 at 8:00 AM
Location
1075 Main Street, Suite 100
Waltham MA 02451
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Directors Present
C. Bouthot (remote), D. Schultheis (remote), J. Griffin (remote), J. Hoch (remote), J. O'Reilly (remote), M. James (remote), M. Valanzola (remote), R. Jarquin (remote), W. Asher
Directors Absent
A. Basheer, Y. Hao
Guests Present
C. Hipwood, J. Madison, P. Yadav, S. Leis, S. Swider, V. Nijhawan
I. Opening Items
A.
Call the Meeting to Order
B.
Examples of Mission
C.
Highlights
Mr. Hipwood reviewed highlights from the last month.
II. Approvals
A.
Board Minutes
| Roll Call | |
|---|---|
| J. O'Reilly |
Aye
|
| R. Jarquin |
Aye
|
| C. Bouthot |
Aye
|
| J. Hoch |
Aye
|
| M. James |
Aye
|
| A. Basheer |
Absent
|
| W. Asher |
Aye
|
| M. Valanzola |
Abstain
|
| J. Griffin |
Aye
|
| D. Schultheis |
Abstain
|
| Y. Hao |
Absent
|
III. Financial Matters
A.
Treasurer's Report
Mr. Madison provided an overview of the financials for month-end October 2023. Discussion ensued.
B.
Approve Treasurer's Report
| Roll Call | |
|---|---|
| J. O'Reilly |
Aye
|
| D. Schultheis |
Aye
|
| C. Bouthot |
Aye
|
| J. Griffin |
Aye
|
| Y. Hao |
Absent
|
| M. James |
Aye
|
| J. Hoch |
Aye
|
| A. Basheer |
Absent
|
| R. Jarquin |
Aye
|
| W. Asher |
Aye
|
| M. Valanzola |
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 | |
|---|---|
| A. Basheer |
Absent
|
| Y. Hao |
Absent
|
| R. Jarquin |
Aye
|
| W. Asher |
Aye
|
| D. Schultheis |
Aye
|
| J. Griffin |
Aye
|
| M. Valanzola |
Aye
|
| J. Hoch |
Aye
|
| C. Bouthot |
Aye
|
| M. James |
Aye
|
| J. O'Reilly |
Aye
|
B.
Discussion - InGel
Mr. Nijhawan presented information related to a potential follow-on investment in InGel. Discussion ensued.
C.
Vote - InGel
| Roll Call | |
|---|---|
| R. Jarquin |
Aye
|
| J. O'Reilly |
Aye
|
| J. Griffin |
Aye
|
| M. Valanzola |
Aye
|
| C. Bouthot |
Aye
|
| D. Schultheis |
Aye
|
| A. Basheer |
Absent
|
| Y. Hao |
Absent
|
| W. Asher |
Aye
|
| M. James |
Aye
|
| J. Hoch |
Aye
|
D.
Discuss - StataDX
Mr. Nijhawan presented information related to a potential follow-on investment in StataDx. Discussion ensued.
E.
Vote - StataDx
| Roll Call | |
|---|---|
| D. Schultheis |
Aye
|
| A. Basheer |
Absent
|
| W. Asher |
Aye
|
| R. Jarquin |
Aye
|
| J. O'Reilly |
Aye
|
| J. Griffin |
Aye
|
| J. Hoch |
Aye
|
| Y. Hao |
Absent
|
| M. James |
Aye
|
| M. Valanzola |
Aye
|
| C. Bouthot |
Aye
|
F.
Pipeline Report
G.
Portfolio Update
Mr. Hipwood provided an update on portfolio companies. Discussion ensued.
H.
Roll Call Vote to Return to Open Session
| Roll Call | |
|---|---|
| W. Asher |
Aye
|
| Y. Hao |
Absent
|
| R. Jarquin |
Aye
|
| J. O'Reilly |
Aye
|
| C. Bouthot |
Aye
|
| M. Valanzola |
Aye
|
| M. James |
Aye
|
| J. Griffin |
Aye
|
| J. Hoch |
Aye
|
| D. Schultheis |
Aye
|
| A. Basheer |
Absent
|
VI. President's Report
A.
General Update
Mr. Hipwood provided a general update on the business. Discussion ensued.
B.
MV Capital Update
C.
MV Accelerate Update
D.
Economic Development Plan Discussion
Mr. Hipwood provided an update on the Economic Development plan. Discussion ensued.
Mr. Hipwood provided some examples of mission.