No Nonsense
Fund: Mentortech Ventures
Posted by stanchak on 2008-12-16
Mentortech is a breathe of fresh air. I spent a lot of time talking to angel investors and other VCs in the region. Many have a reputation for being "tire kickers" and a huge waste of time for entrepreneurs.
Mentortech on the other hand is straight to the point and if they decide they want to do your deal you will find out very quickly. I had a choice between them and other investors (the other guys had better terms) - after talking to the CEO of Mentortech's portfolio companies I went with them and don't regret my decision. Solid smart guys.
PRIVATE: Members OnlyCourageous Guys
Fund: Mentortech Ventures
Posted by Anonymous on 2008-04-16
Mentortech is one of the very few funds that will invest or be involved in very early stage companies BUT ONLY if you are associated with the UNIVERSITY OF PENNSYLVANIA. So if you believe you have a good idea, and no one else has the courage to invest in you, give these guys a try. They have more courage to invest or guide you to a fundable stage when others might not.
Their focus in the Philadelphia region and Penn so that it allows them to provide the mentorship to the generally youthful companies as per their namesake.
Boris and Michael were very expedient in their decision to invest with us.
PRIVATE: Members Only (308 Characters)Excellent for Early Stage Opportunities
Fund: Mentortech Ventures
Posted by Anonymous on 2008-02-28
Can't say enough good things about Michael and Boris. They will invest quickly if they have confidence in the team. They will continue to support the company with a track record of bridging when needed. Very reasonable to negotiate terms and conditions. They understand implications of their deal on your next round.
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Honest Feedback, Even if You Don't Want to Hear It
Fund: Mentortech Ventures
Posted by Anonymous on 2008-02-11
For young and first time entrepreneurs, there's a lot to learn about the VC industry and what a VC deal means to your business. Starting with the basics, your pitch, a lifetime of classroom work and book smarts will only teach you so much and get you so far. Pitch Michael and Boris, listen to what they ask you and the feedback they give you. It's some of the best free information you'll ever get, even if it's harsh and they pass on the deal immediately. Go back, rethink your business and pitch as appropriate, and I guarantee you, your next pitch to any VC will be infinitely better. And as you refine your business and pitch, I recommend going back to the MentorTech team and updating them with your progress. They'll appreciate you took some of their advice.
I'm a first time entrepreneur, have pitched a ton of VC's and private investors on both coasts, and been rejected by all but a small handful of them. The vast majority of those rejection emails, "Thanks for your time, let's stay in touch, blah blah blah," absolutely useless. MentorTech, "Have you thought about this" What about this change" You should definitely talk to these guys, let me make an introduction." Ultimately, they helped me fill in the gaps and get funded.
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Fund: Mentortech Ventures
Posted by Anonymous on 2009-09-28
I Removed My Comment
Fund: Mentortech Ventures
Posted by glow on 2008-09-21
I removed my comment.
PRIVATE: Members Only