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Fundraising in Maine

If you haven’t yet read it, we’d highly suggest Maine Governor Janet Mills’ recently released 10-year Economic Development Plan. The primary challenge to companies and entrepreneurs: grow the workforce over the next decade by 75,000 workers at minimum, and more if...

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MVF Holiday Gift Guide

Hyperlite Mountain Gear Have an outdoor enthusiast on your gift list this holiday season? Give the gift of the world’s most lightweight gear. This company specializes in high quality, American made camping and backpacking equipment. HMG is running some great holiday...

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Sales Matters

By John Murray John Murray is a 30 year sales veteran and current chairman of Maine Venture Fund. So you are a budding entrepreneur with an amazing new product, app or service. You have a fantastic pitch deck that wows the audience and shows a hockey stick revenue...

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An Evening of Reflection and Recognition

On a balmy September evening this week, Maine Venture Fund portfolio companies and participants from the broader Maine investment community gathered for the annual MVF Recognition Event. This is an opportunity for the fund to recognize those portfolio companies with...

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Governance Learnings: Top 15 Lessons for Boards

In the blink of a summer firefly, the six highly-informative July 2019 board governance sessions are behind us. For those of you who attended, and also for those who weren’t able to be there, Maine Venture Fund distilled our own “Top 15 Lessons for Boards” below....

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Special Report on Maine Seed Capital Tax Credit Program

The Maine Seed Capital Tax Credit Program has successfully attracted private venture capital to early stage, high growth businesses for over 30 years. In recent years, however the annual $5 million ceiling has been used up earlier each year. In 2019, the $5...

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Bon Voyage

Written by John Burns, Managing Director In 2005, I was faced with my second hiring decision at Maine Venture Fund.  It came down to two candidates, both highly qualified.  I wavered.  A mentor and MVF board member looked at me...

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Board Governance

A common denominator of successful companies is sound governance. At some early stage in a growing company’s life, putting a board of directors together and agreeing to governance principles is a key success factor. MVF wrote a blog post last October on why...

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4 tips to help a business be acquisition ready

The big news in the Maine startup ecosystem is the acquisition of Pika Energy by Generac, Inc. As reported by Maine Startups Insider (Wisconsin Company Acquires Pika Energy), all Pika shareholders, including MVF, received a healthy return on their investment.  In...

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MVF Welcomes Newest Team Member, Joe Powers

The Maine Venture Fund is pleased to announce that Joe Powers has joined our management team as a venture capital analyst and investment manager. Joe holds an MBA from Tuck school of business and has spent much of the last decade in San Francisco and New York where he...

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MVF Needs Your Help Today!

Maine needs your help! MTI, CEI, MVF, Maine Angels and others in Maine’s innovation economy have established the MaineCanDo platform designed to help individuals, employers, and investors to prevent future #MeToo incidents in the places where we work, shop, eat, and...

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Taking the Temperature of Maine’s Entrepreneurial Ecosystem

It is the start of a new year, so we at MVF wanted to reflect back on the entrepreneurial ecosystem in Maine in 2018. In their annual “State of the Ecosystem” report, Maine Accelerates Growth sought to measure and analyze four indicators for entrepreneurial ecosystem...

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MVF Holiday Gift Guide

The holidays are fast approaching, which means it is time to get serious about finding something for everyone on your gift list. We know this can be a daunting task, so we have put together a list of our portfolio companies offering products that would make great...

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Board of Director Worries?

We understand that CEOs of private companies may be uncomfortable with the idea of a board of directors, or simply feel that a board is unnecessary. Who wants people looking over their shoulder and questioning decisions? Many founders worry about giving up control of...

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More Employees Equals More Responsibilities

We at MVF are dedicated to investing in growing Maine companies. Many of these companies only have five or fewer employees at the time of our initial investment, though they frequently grow to more than twenty. This is of course great and indeed part of our mission;...

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The Rise of Purpose-Designed Testing

There are many variables and unknowns in determining whether to invest in a nascent company. Often the best way to gauge viability is not the business plan, but the quality of the leadership team. The challenge is figuring out how specifically to vet these people, as...

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Falling In Love Can Be Costly

A personal and hard-earned lesson in business from MVF Entrepreneur-In-Residence, Des Fitzgerald. There is validity to the notion that starting one’s first business with a failure sets a person up for a more sensible view on decision making down the road....

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A Match Made in Maine

A Match Made in Maine A common theme among growing Maine companies is the difficulty in finding, attracting, and hiring talented employees.  Some MVF portfolio companies resort to hiring out-of-state remote workers, and have even opened offices in Boston...

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What do national VC trends mean for Maine?

Money Tree recently published its fourth-quarter 2017 report showing a continuing trend of venture capital increasingly flowing to more mature companies. Conversely, initial “seed deals” — the most frequent type of investment in Maine — have declined to an...

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Building connections with Boston-area investors

Last Month MVF, as an affiliate member of the Angel Capital Association, joined ten other New England-based angel investor groups at a New England regional event in Boston. Ten companies, one of which was nominated by MVF, were invited to attend, network,...

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