New England Venture Capital Association (NEVCA) Company Profile

Background

The New England Venture Capital Association (NEVCA) is a trade association dedicated to fostering a collaborative, inclusive, and prosperous innovation ecosystem in New England. Established in 1902, NEVCA represents the interests of venture capital investors by promoting entrepreneurship and supporting the region's startup community. The association operates across four key pillars: Venture Community, Regional Brand, Workforce Development, and Public Policy, aiming to drive long-term success for the region's innovation community.

Key Strategic Focus

NEVCA's strategic focus encompasses:

Venture Community: Building relationships among venture capitalists and entrepreneurs through events and networking opportunities.

Regional Brand: Enhancing New England's reputation as a hub for innovation and investment.

Workforce Development: Supporting talent growth and professional development within the venture ecosystem.

Public Policy: Advocating for policies that promote economic growth and innovation in the region.

Financials and Funding

As a 501(c)(6) nonprofit organization, NEVCA's financials are publicly available. In 2023, the association reported:

Revenue: $909,784

Expenses: $725,816

Net Assets: $917,285

Leadership Team

NEVCA's leadership comprises experienced professionals from the venture capital industry:

Kent Bennett: Chair; Partner at Bessemer Venture Partners.

Colleen Cuffaro: Vice Chair; Partner at Canaan.

Kevin Bitterman: Board Member; Partner at Atlas Venture.

Yumin Choi: Board Member; Managing Partner at Valspring Capital.

Johannes Fruehauf: Board Member; Founder and President of LabCentral.

Lily Lyman: Board Member; Partner at Underscore VC.

Holly Maloney: Board Member; Managing Director at General Catalyst.

Marian Nakada: Board Member; Vice President at Johnson & Johnson Innovation – JJDC.

Sara Nayeem: Board Member; Partner at Avoro Ventures.

Deborah Palestrant: Board Member; Partner at 5AM Ventures.

Jody Rose: Board Member; President at Hack.Diversity.

Gaurav Tuli: Board Member; Partner at F-Prime Capital.

Leadership Changes

In January 2023, NEVCA appointed five new directors to its board and named Kent Bennett as Chair. The new directors include:

Anna Palmer: Partner at Flybridge.

Rudina Seseri: Founder and Managing Partner at Glasswing Ventures.

Stefan Vitorovic: Co-Founder and Managing Director at Vida Ventures.

Darshana Zaveri: Founder and Managing Partner at Catalyst Health Ventures.

Competitor Profile

Market Insights and Dynamics

The venture capital landscape in New England is characterized by a robust ecosystem of investors, entrepreneurs, and supporting organizations. The region's innovation economy benefits from a concentration of top-tier universities, research institutions, and a history of successful startups.

Competitor Analysis

Key organizations operating in the New England venture capital space include:

New England Venture Network (NEVN): An organization of over 600 venture capitalists in Boston and greater New England, focusing on fostering a connected community through educational, social, and community outreach events.

New England Biotech Association (NEBA): A coalition of biotechnology companies, academic institutions, pharmaceutical companies, and trade organizations from all six New England states, serving as a regional policy and public affairs voice for the biotechnology and biopharmaceutical industry.

Angel Capital Association (ACA): The official industry alliance of over 100 of the largest angel investor groups in the United States, playing a significant role in bringing together the angel and venture capital industries.

Strategic Collaborations and Partnerships

NEVCA collaborates with various industry providers and sponsors to support its initiatives. These sponsors play a critical role in the growth and success of New England's startup and venture ecosystem.

Operational Insights

NEVCA's operations are strategically designed to enhance New England's innovation ecosystem. By focusing on community building, regional branding, workforce development, and public policy advocacy, NEVCA differentiates itself from competitors by offering a comprehensive approach to supporting the venture capital community.