Murad was appointed last week, succeeding founding CEO Stephanie TileniusRead more...
Like a lot of new venture capital firms, Momentum Venture Management is looking for a niche in an industry that is awash in both VCs and money.
Founding partner and managing director Matt Ridenour says he sees a disconnect between small, lean startups that don't need much funding to expand and traditional early-stage VC firms that have raised large funds.
The profit model of those firms requires them to make investments between $2 million and $5 million, he says.
In this Vator.tv interview, Ridenour tells Bambi Francisco that the firm will look for its opportunities among small, very-early stage companies that do not need that much cash.
Momentum Venture Management will invest less than that, lend management expertise to their startups and then assist the companies in getting the next level of funding when they need it.
"We want to help entrepreneurs get out of the garage and into the big leagues," Ridenour says.
Support VatorNews by Donating
Read more from our "Interviews" series
Noah Medical, which has developed a robotics system for detecting lung cancer, recently raised $150MRead more...
The company just announced a $22.5 million round, bringing its total funding to over $43 millionRead more...