Posted by hiddenfounder on 2012-08-23
Firm is funded by Goodman as in "Bergdorf Goodman". A bunch of old guys with very little tech understanding. They go through venture partners like toilet paper.PRIVATE: Members Only (374 Characters)
Posted by dlenihan on 2008-10-14
I closed a healthcare IT financing with Milestone leading the six vc syndicate. They took their sweet time to ensure that we had real business, but gave us a fully satisfactory valuation. Richard Dumler sat on our board and was helpful during good times and bad (there were both), but was exceptionally helpful assisting in selection of bankers and the ultimate highly successful sale of our company. It will take time to get into bed with Milestone, but once you do, you have a true partner in your success.PRIVATE: Members Only
Posted by Anonymous on 2007-03-16
"MVP" is not a bad fund, nor a good fund. I never closed a deal with them, but the process did not leave me overly impressed. Still, they were good guys.PRIVATE: Members Only (231 Characters)
Posted by chromium12 on 2010-10-22
Posted by orca on 2007-03-21
They skimmed our biz plan, sent it off to a consultant in a wholly different industry (sort of like a TV industy expert evaluating a movie industry plan). He told them plan would not work. So they invited me to take the four hour trip to meet them. Very cordial but had wrong partner at meeting (one without relevant domain knowledge and not the partner they promised would be there). After 10 minutes, revealed consultant's comments, refused to put me in contact with him, and bade me farewell.PRIVATE: Members Only (223 Characters)
Posted by Anonymous on 2014-08-19
I like these guys. I had a few run ins with them, pitched and didn't get a term sheet, but the process wasn't a waste of time and I consider them friends still in the business. I think perhaps they could be a little too focused on their own "thesis" and not as open to changing that line of thinking when they hear new models from entrepreneurs that have domain experience. But I do think they are honest people and can give you a quick answer about their interest level.PRIVATE: Members Only (418 Characters)
Posted by startuprehab on 2008-06-09
Generally a very good, accessible group of partners that take a genuine interest in entrepreneurs.
However, their fund is so small that they can only take $1.5 mm max in any round, and they tend to follow rather than lead. So, these guys will often end up playing a consultant role and trying to sneak in on a round, rather than being the VC that will lead and drive things.
They also seem to analyze things ad-infinitum among the partners.
Probably a better group to call once you've got your lead in place and are looking to syndicate the rest of the round.PRIVATE: Members Only
Posted by firstname.lastname@example.org on 2012-06-07
Really liked the Milestone team. They chose not to invest but did put some time into diligence and had very friendly, supportive attitude. Seemed to be slow decision makers and relatively conservativePRIVATE: Members Only
Posted by Anonymous on 2009-12-23
Were easy to get in touch with but wanted to see other VCs go in first.PRIVATE: Members Only (183 Characters)
Posted by b2nyc on 2007-09-24
Ed, Todd and Richard couldn't be nicer people. Ed Goodman has a heart of gold. However, they just don't have a lot of money to work with, so their deal-ability is limited.PRIVATE: Members Only (96 Characters)
Posted by dantinpa on 2007-09-17
I closed a deal with them and got to know all the partners - who were each helpful and supportive. They have a lot of good contacts and they were able to bring to the table as well. Did not sense a particular depth in any specific market - but a good overall sense of several markets.PRIVATE: Members Only (130 Characters)