MassVentures
Minutes
MassVentures Board Meeting
Date and Time
Monday February 12, 2024 at 8:00 AM
Location
1075 Main Street, Suite 100
Waltham, MA 02151
Join Zoom Meeting
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Meeting ID: 861 3411 7379
Passcode: 661193
Phone #: +1 305 224 1968
One tap mobile
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Join Zoom Meeting
https://us02web.zoom.us/j/86134117379?pwd=VW1aVitNWHVQNzlJaW94ZXVyRThXUT09
Meeting ID: 861 3411 7379
Passcode: 661193
Phone #: +1 305 224 1968
One tap mobile
+13052241968,,86134117379#,,,,*661193#
Directors Present
A. Basheer (remote), D. Schultheis (remote), J. Griffin (remote), J. O'Reilly (remote), M. James (remote), M. Valanzola, R. Jarquin (remote), W. Asher, Y. Hao
Directors Absent
C. Bouthot, J. Hoch
Guests Present
C. Hipwood, J. Madison, P. Yadav, S. Leis (remote), S. Swider, V. Nijhawan, W. Leslie
I. Opening Items
A.
Call the Meeting to Order
B.
Examples of Mission
C.
Highlights
II. Approvals
A.
Board Minutes
Roll Call | |
---|---|
M. James |
Aye
|
J. Hoch |
Absent
|
J. O'Reilly |
Aye
|
C. Bouthot |
Absent
|
R. Jarquin |
Aye
|
D. Schultheis |
Aye
|
J. Griffin |
Aye
|
W. Asher |
Aye
|
M. Valanzola |
Aye
|
Y. Hao |
Aye
|
A. Basheer |
Aye
|
B.
Cyvl Pre-Investment Action Sheet
Roll Call | |
---|---|
W. Asher |
Aye
|
A. Basheer |
Aye
|
R. Jarquin |
Aye
|
M. James |
Aye
|
D. Schultheis |
Aye
|
J. Hoch |
Absent
|
Y. Hao |
Aye
|
J. O'Reilly |
Aye
|
C. Bouthot |
Absent
|
J. Griffin |
Aye
|
M. Valanzola |
Aye
|
C.
Kytopen Pre-Investment Action Sheet
Roll Call | |
---|---|
J. Griffin |
Aye
|
J. O'Reilly |
Aye
|
W. Asher |
Aye
|
A. Basheer |
Aye
|
D. Schultheis |
Aye
|
M. James |
Aye
|
M. Valanzola |
Aye
|
C. Bouthot |
Absent
|
J. Hoch |
Absent
|
Y. Hao |
Aye
|
R. Jarquin |
Aye
|
III. Financial Matters
A.
Treasurer's Report
Mr. Madison presented the treasurer's report for month-end December 2023. Discussion ensued.
B.
Approve Treasurer's Report
Roll Call | |
---|---|
M. Valanzola |
Aye
|
J. Griffin |
Aye
|
A. Basheer |
Aye
|
W. Asher |
Aye
|
M. James |
Aye
|
Y. Hao |
Aye
|
D. Schultheis |
Aye
|
J. O'Reilly |
Aye
|
R. Jarquin |
Aye
|
C. Bouthot |
Absent
|
J. Hoch |
Absent
|
IV. Conflicts of Interest
A.
Conflicts
Mr. Hipwood presented a list of companies under consideration 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 | |
---|---|
J. Griffin |
Aye
|
Y. Hao |
Aye
|
D. Schultheis |
Aye
|
M. Valanzola |
Aye
|
A. Basheer |
Aye
|
C. Bouthot |
Absent
|
R. Jarquin |
Aye
|
J. Hoch |
Absent
|
M. James |
Aye
|
W. Asher |
Aye
|
J. O'Reilly |
Aye
|
B.
Vote - StataDX Amendment
Roll Call | |
---|---|
J. Hoch |
Absent
|
J. Griffin |
Aye
|
A. Basheer |
Aye
|
R. Jarquin |
Aye
|
D. Schultheis |
Aye
|
Y. Hao |
Aye
|
J. O'Reilly |
Aye
|
M. James |
Aye
|
W. Asher |
Aye
|
C. Bouthot |
Absent
|
M. Valanzola |
Aye
|
C.
Preview - Codomax
Ms. Yadav presented a preview of an investment opportunity in Codomax. Discussion ensued.
D.
Discussion - Anchoring AI
Ms. Swider presented an investment opportunity in Anchoring AI. Discussion ensued.
E.
Pipeline Report
F.
Portfolio Update
Mr. Hipwood provided an update on some portfolio companies. Discussion ensued.
G.
Roll Call Vote to Return to Open Session
After returning to open session, Mr. Hipwood announced that a vote took place during executive session regarding amending the pre-investment action sheet for StataDX.
Roll Call | |
---|---|
M. Valanzola |
Aye
|
Y. Hao |
Aye
|
D. Schultheis |
Aye
|
J. Griffin |
Aye
|
A. Basheer |
Aye
|
W. Asher |
Aye
|
M. James |
Aye
|
J. O'Reilly |
Aye
|
R. Jarquin |
Aye
|
C. Bouthot |
Absent
|
J. Hoch |
Absent
|
VI. President's Report
A.
General Update
Mr. Nijhawan presented an update on Mass Tech Transfer Center. Discussion ensued.
B.
MV Capital Update
Ms. Yadav presented an update on MassCEC Catalyst and Acorn. Discussion ensued.
C.
MV Accelerate Update
Ms. Yadav presented an update on a MassMEP webinar. Discussion ensued.
D.
Strategy Discussion
Mr. Hipwood presented additional information on the strategic plan. Discussion ensued.
E.
Board-only Session
MassVentures staff left the meeting and the Board held a board-only discussion.
Mr. Hipwood provided some highlights since the last meeting.