MANAGEMENT TEAM

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.

john@maineventurefund.com

Desmond Fitzgerald

Entrepreneur-in-Residence
Des joined the Maine Venture Fund in December 2012. He has had a long running interest in the role of leadership in successful enterprises and has been involved in many start ups as both a partner, founder, employee and consultant. Des founded Ducktrap River Fish Farm in 1979. In 2008, Des became the VP of Business Development for Principle Power Inc., based in Seattle.

des@maineventurefund.com

Jayme Okma Lee

Investment Manager
Jayme joined the Maine Venture Fund in 2005 as Investment Manager. Prior to joining the Maine Venture Fund, Ms. Okma Lee worked for General Motors as a marketing and financial analyst, and as a management consultant in the pharmaceutical industry.

jayme@maineventurefund.com

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.

terri@maineventurefund.com

BOARD OF DIRECTORS

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.

Timothy P. Agnew

Chair

Mr. Agnew 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.

John P. Murray

Vice Chair

Mr. Murray is Director of Sales & Marketing at Progress Engineering in Manchester, Maine, an electrical engineering company and systems integrator of advanced manufacturing control systems. Previously he held several senior management roles in sales and operations management within the industrial automation and controls industry. John has been involved in several startup companies, including a .com and his own company, PID Inc., an industrial controls supplier, which he formed in 1984 and sold in 1999. 

Theresa Hodge

Treasurer

Ms. Hodge is Senior 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.

Elizabeth Chabe

Elizabeth Chabe (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.

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.

 

Claire Deselle

Ms. Deselle is the Director of Innovation Development at Eastern Maine Healthcare Systems. 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.

Thomas J. Dunne

Mr. Dunne 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.

Corson “Corky” Ellis

Mr. Ellis was founder of Kepware Technologies, a Portland company that writes industrial communications software for the factory, Smart Grid, building automation and oil and gas sector. He served as the Company’s CEO and Chairman until its acquisition in 2016 by PTC, Inc. of Needham, MA (Nasdaq:  PTC). He is a board member of the Maine Center for Entrepreneurial Development and the Gulf of Maine Research Institute.

Gregory S. Fryer

Greg Fryer 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. Greg is a frequent writer, commenter and speaker on securities law topics, including the JOBS Act and associated Securities and Exchange Commission rules addressing Private Placements, Regulation A+ and Crowdfunding. A substantial part of Greg’s practice is advising startup companies on raising capital. His other practice areas are corporate law 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.

Christopher S. Pizey

Mr. Pizey 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.

Brian Whitney

Brian Whitney, the Fund’s DECD ex officio board member, is President of the Maine Technology Institute. He has extensive experience in economic development and legislative matters at both the state and federal level and has worked with private and public sector research organizations and entrepreneurial leaders throughout Maine during his career. 

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