John Burns

Managing Director
John has 30 years of institutional investing experience; the last twelve as MVF Managing Director, where his responsibilities include the full range of venture capital investment activities. He has been directly involved with bringing risk capital to more than 40 Maine companies, and has led the Fund through a number of successful exits.  |  LinkedIn Profile


Joe Powers

Joe joined Maine Venture Fund in 2019. Prior to MVF, Joe worked for a number of startup technology firms (Tesla, Zoox, Clean Marine Energy) in a variety of roles. Joe also has experience as an entrepreneur (Ripso) and angel investor. Joe is an alumnus of Middlebury (BA) and Tuck (MBA).

Terri Wark

Office Operations Manager
Terri joined the Maine Venture Fund in 2001 as Administrative Associate.  Prior to that, she was employed for nearly ten years with the Finance Authority of Maine (FAME) in the Small Business and Commercial Loan Division. Ms. Wark attended the University of Maine.  |  Linkedin Profile



Authority for the Maine Venture Fund resides with an eleven-member Board of Directors, the Small Enterprise Growth Board (SEGB). Members have relevant experience and background in early-stage investing, managing high-growth small businesses, development of technological innovation, commercial lending, and securities law. The Board works closely with prospective and current portfolio companies to provide invaluable advice, resources, and support.

John P. Murray


John is Vice President of Sales at Reconnect (Cumberland, ME), a software company dedicated to reducing incarceration and recidivism in the criminal justice market.  He previously held several senior management roles in both sales and operations in the industrial automation and controls industry. John has been involved in several startups, including and his own company, PID Inc., an industrial controls supplier.

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Thomas J. Dunne

Vice Chair

Tom spent a large part of his career as a partner at management consulting firm, Accenture, retiring in 2003. Since his retirement, Tom has served as an advisor to several Maine businesses ranging from start-ups to mature mid-size and was one of the start-up founders of Maine Seafood Ventures, a lobster processing enterprise. Tom is a member of Hub Angels, a Boston based investment group as well as the Maine Angels, a Portland based investment group.

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Theresa B. Hodge


Theresa is Executive Vice President and Senior Commercial Lender at Bath Savings Institution.  She began her banking career in 1986 and has been with Bath Savings since 2004.  In addition to working at commercial banks, she spent ten years during the 1990s as a senior lender in the public sector with the Finance Authority of Maine and Coastal Enterprises, Inc.

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Timothy P. Agnew

Tim is a Principal at Masthead Venture Partners, a venture capital firm located in Cambridge and Portland.  Prior to joining Masthead, Mr. Agnew was the Chief Executive Officer of the Finance Authority of Maine from 1988 to 1999.  He is an officer of the Board of the Portland Development Corporation and is a member of the Maine Angels.

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Elizabeth Chabe

Elizabeth (MBA, MS) runs a privately held business strategy consultancy. She has held management positions at The Jackson Laboratory and the University of Maine’s Advanced Structures and Composites Center, and remains active in Maine’s research and development community. An avid entrepreneur, her startups have been recognized by Global Entrepreneurship Week, Entrepreneur Magazine, CNBC, and more. She serves as a board member of the Maine Venture Fund and is the chair of the Chinese Language and Culture Center of Maine. In her spare time, Elizabeth enjoys studying languages, investing, and travel.

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Peter DelGreco

Peter serves as President and CEO of Maine & Company, a privately funded business attraction and economic development organization. Charged with helping companies establish successful and profitable operations in Maine, Maine & Company’s Board of Directors consists of top executives from Maine’s business community. During Peter’s tenure, Maine & Company has attracted numerous companies to Maine that now employ thousands of people across the state.

Peter is a graduate of Colby College and he earned his MBA from the University of Southern Maine. Peter and his wife and son reside in North Yarmouth, Maine.

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Claire Deselle

Claire is currently the System Vice President of Applied Innovation and Performance Improvement for Northern Light Health. She is leading the design, development and implementation of a structured Innovation Research & Development framework tasked with positively impact care delivery. Previously, she has had a number of leadership roles including Chief Operating Officer for the Maine Institute for Human Genetics and Health, a non-profit research entity; and President and CEO of CS-Keys Inc., a biotech company developing cancer diagnostics and therapeutics.

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Gregory S. Fryer

Greg heads the Securities Law Group of Verrill Dana, LLP, a New England regional firm of more than 130 lawyers, with offices in Portland ME, Boston MA, and Westport CT. A substantial part of Greg’s practice is advising startup companies or investors in transactions to raise capital. His other practice areas are corporate law, securities regulation, contract negotiations, and mergers and acquisitions. Greg is a member of Maine Angels, a group of accredited investors who meet monthly in Portland, Maine and provide investment and mentoring to early-stage companies. He also is a Trustee of Maine Maritime Academy.

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Christopher S. Pizey

Chris has held various management positions, over the past 20 years, involving computing technologies, interactive media and new business development. While at Andrews McMeel Universal, Mr. Pizey led corporate new media ventures, including the founding of uclick LLC. While CEO of uclick he engineered new business initiatives including digital content syndication, web publishing, wireless content licensing and distribution deals with over 300 of the Web’s premier publishers, portals and mobile phone networks.

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Charlotte Mace

Charlotte is the Director of the Office of Business Development at the Maine Department of Economic & Community Development. She was previously the Executive Director of the manufacturing trade association Biobased Maine, which works to create good jobs in rural Maine manufacturing value-added products from our natural resources. Charlotte is on the Executive Committee of the industry-led group Forest Opportunity Roadmap Maine, and Co-Chairs FOR/Maine’s Market Attraction Committee, working to attract new investment to Maine’s forest industry. Prior to Biobased Maine, Charlotte worked in consulting, assisting clients in preparing sustainability reports and identifying issues related to their triple bottom line. Charlotte began her career at consulting firm Woodard & Curran, where she was a Project Manager on environmental and sustainability consulting projects. Charlotte has an undergraduate degree in biochemistry from Bowdoin College, and an MBA from the University of Southern Maine, where she concentrated her studies on marketing and sustainable business.

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