Q: In what industries does Maryland Venture Fund typically invest?
A: We are sector-agnostic and highly opportunistic. As generalists, we do not attempt to predict the future, but rather buy into our entrepreneurs’ visions for how the world is changing and what opportunity that presents.
Q: What size initial investment does the Fund typically make?
A: We tend to write initial checks in the range of $500,000 – $1.5 million.
Q: What kinds of entrepreneurs does the Fund back?
A: Our founders are not always serial entrepreneurs, but we like to back individuals with a track record of execution.
Q: Does the Fund prefer to lead deals or follow other investors?
A: We are not followers by nature; when we fall in love with a company, we like to put as much capital behind its founders as we can. That said, we do play well with other funds and are happy to look at deals that have already secured lead investors.
Q: What is the size of the Fund?
A: We have over $135M of assets under management.
Q: Does the Fund make pre-product or pre-launch investments?
A: We have done it in the past and as opportunists, we wouldn’t rule it out. Our pre-launch investments are in opportunities exciting enough to justify the increased risk and are led by seasoned entrepreneurs. Nonetheless, we encourage companies still attempting to find product-market fit to reach out.
Q: My company is not based in Maryland. Does it still make sense for us to connect?
A: Yes. Though we invest in Maryland connected companies, we are stewards of the larger regional tech community. If you have an exciting business outside the region, we’d love to hear from you. We are happy to refer deals outside of our geographic scope to other co-investors.
Q: I’d like to write an article about the Fund or its portfolio. Who should I contact?
A: All press inquiries should be directed to Parag Sheth, who you can contact on LinkedIn here.