Fund: Mentortech Ventures
Posted by chrisrodde on 2011-04-17
We pitched Mentortech Ventures in Dec 09 and they led our Series A round which closed in March 2010. Michael Aronson joined our our board at that time and Brett Topche joined as a board observer. So I've now been working closely with both of them for over a year.
When we raised our first round the primary thing that we were looking for was to find an investor that supported us, added value through introductions and advice, but didn't micromanage and left us to run the company. That's exactly what we found with MentorTech.
We couldn't be happier with having them involved. Both Michael and Brett are straight shooters and are great sounding boards for talking through the issues we face. Their broad experience with startups in general and with consumer internet companies specifically is an asset in our board meetings.
They're very well connected and offer introductions for us when appropriate. We've closed a few customers as a result of the introductions they've made. They've introduced us to potential partners as well.
We pitched many VCs and found a lot of fence sitters. Michael and Brett responded pretty quickly and we came to terms within a couple weeks. During the negotations of our terms, they were very direct.
If you've got a connection to University of Pennsylvania, I would highly recommend pitching them.PRIVATE: Members Only