They are a Different Fund : Part Money, Part Operating Help (Fee Based)
Fund: Momentum Venture Management
Posted by benshagbark on 2009-01-14
i don't have firsthand knowledge as they aren't the right fit for what i'm doing, but their model is limited investment + bring in operators where needed to help get companies to a certain level. (this is not a model that works for my startup) they charge a decent amount for that, but not sure if that is in cash or stock - assuming it would be stock or else it doesnt make sense. . . anyhow i did pitch an associate Ryan who was a nice guy but he made it sound like they were willing to entertain deals outside of this investing + operating platform. had a chat with Stu MacFarlane before going into a deeper pitch and he cleared that up on the phone-they might be doing straight investments with future funds but not this one. i do know that they are actively looking for a few more deals now and still have $ in current fund. while i don't have deep experience with these guys i have heard good things from a number of other contacts, and stu seemed like a straight shooter when we spoke, saved me the time of an unnecessary followup pitch. my gut is - these guys could be a great early stage fit if you are like an engineer with a great idea but little operating experience, and they do seem well connected.
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