MassVentures
Minutes
MassVentures Board Meeting
Date and Time
Monday March 25, 2024 at 8:00 AM
Location
1075 Main Street, Suite 100
Waltham, MA 02151
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#
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), B. Linville-Engler (remote), C. Bouthot (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
None
Directors who arrived after the meeting opened
M. Valanzola
Directors who left before the meeting adjourned
A. Basheer
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 some highlights since the last meeting.
II. Approvals
A.
Board Minutes
Roll Call | |
---|---|
C. Bouthot |
Abstain
|
B. Linville-Engler |
Abstain
|
A. Basheer |
Aye
|
Y. Hao |
Aye
|
M. Valanzola |
Absent
|
J. O'Reilly |
Aye
|
D. Schultheis |
Aye
|
M. James |
Aye
|
R. Jarquin |
Aye
|
J. Griffin |
Aye
|
W. Asher |
Aye
|
B.
Approve Minutes - Expedited Investment Committee Meeting Feb 21, 2024
Roll Call | |
---|---|
D. Schultheis |
Abstain
|
R. Jarquin |
Aye
|
W. Asher |
Abstain
|
Y. Hao |
Aye
|
M. James |
Abstain
|
J. O'Reilly |
Abstain
|
A. Basheer |
Abstain
|
C. Bouthot |
Abstain
|
M. Valanzola |
Absent
|
J. Griffin |
Aye
|
B. Linville-Engler |
Abstain
|
C.
Anchoring AI (Salieri) Pre-Investment Action Sheet
Roll Call | |
---|---|
J. O'Reilly |
Aye
|
W. Asher |
Aye
|
M. Valanzola |
Aye
|
M. James |
Aye
|
R. Jarquin |
Aye
|
B. Linville-Engler |
Aye
|
A. Basheer |
Aye
|
C. Bouthot |
Aye
|
D. Schultheis |
Aye
|
J. Griffin |
Aye
|
Y. Hao |
Aye
|
D.
Cyvl Pre-Investment Action Sheet (amendment)
Roll Call | |
---|---|
C. Bouthot |
Aye
|
J. Griffin |
Aye
|
W. Asher |
Aye
|
A. Basheer |
Aye
|
M. Valanzola |
Aye
|
J. O'Reilly |
Aye
|
R. Jarquin |
Aye
|
M. James |
Aye
|
D. Schultheis |
Aye
|
B. Linville-Engler |
Aye
|
Y. Hao |
Aye
|
III. Financial Matters
A.
Treasurer's Report
Mr. Madison presented the Treasurer's report for month end January 2024. Discussion ensued.
B.
Approve Treasurer's Report
Roll Call | |
---|---|
D. Schultheis |
Aye
|
M. Valanzola |
Aye
|
B. Linville-Engler |
Aye
|
R. Jarquin |
Aye
|
J. Griffin |
Aye
|
J. O'Reilly |
Aye
|
M. James |
Aye
|
A. Basheer |
Aye
|
W. Asher |
Aye
|
C. Bouthot |
Aye
|
Y. Hao |
Aye
|
IV. Conflicts of Interest
A.
Conflicts
Mr. Hipwood presented a list of companies currently under consideration for investment and asked board members to declare any conflicts of interest. None were noted.
V. Executive Session
A.
Roll Call Vote to Enter Executive Session
Roll Call | |
---|---|
W. Asher |
Aye
|
B. Linville-Engler |
Aye
|
J. O'Reilly |
Aye
|
C. Bouthot |
Aye
|
A. Basheer |
Aye
|
R. Jarquin |
Aye
|
M. James |
Aye
|
D. Schultheis |
Aye
|
Y. Hao |
Aye
|
M. Valanzola |
Aye
|
J. Griffin |
Aye
|
B.
Anchoring AI Presentation
Anchoring AI (aka Salieri) presented information related to their company. Discussion ensued.
C.
Pipeline Report
D.
Portfolio Update
E.
Roll Call Vote to Return to Open Session
Roll Call | |
---|---|
R. Jarquin |
Aye
|
J. Griffin |
Aye
|
M. Valanzola |
Aye
|
W. Asher |
Aye
|
D. Schultheis |
Aye
|
B. Linville-Engler |
Aye
|
C. Bouthot |
Aye
|
Y. Hao |
Aye
|
M. James |
Aye
|
A. Basheer |
Aye
|
J. O'Reilly |
Aye
|
VI. President's Report
A.
General Update
Mr. Hipwood provided a general update on SSBCI, START, and Catalyst. Discussion ensued.
B.
MV Capital Update
C.
MV Accelerate Update
D.
Strategy Discussion
Mr. Hipwood provided an update on the strategic plan. Discussion ensued.
Mr. Nijhawan, Ms. Swider, Ms. Yadav, Ms. Leis, Mr. Madison, and Ms. Leslie left the meeting. Discussion ensued.
Mr. Hipwood left the meeting
E.
Board-only Session
Discussion regarding board-only matters.
Mr. Hipwood provided examples of mission.