Impact'19: Michael Beaudoin II

June 20, 2019

 

 

Michael invests in early stage companies, on behalf of Mark IV Capital. Previously, Michael created and operated AT&T’s Aspire Accelerator; and served as a Vice President at JPMorgan Chase and Deutsche Bank. Michael graduated with an MBA from Pepperdine and undergraduate from Ball State University.

Bio Source: sched.com

 

Alan 

Welcome my visiting here today is Michael Beaudoin of Mark IV Capital. He's the director of private equity and welcome to the show.  So, Michael, for the listeners here, can you give your background of what you did prior to coming into Mark IV?

 

Michael 

Yeah. So before mark for I was in a general management program at AT&T and were managed different groups throughout the company. And as part of that helped develop what became AT&T accelerators, we started investing in early stage education technology companies.

 

Alan 

Okay, and then Mark IV why did you transition over? What was your primary incentive to join up here?

 

Michael 

That's good question. So, as I mentioned, part of a general management rotation program, that rotation was going to end. And I was having such a great time investing and working with energetic entrepreneurs, that I wanted to continue to make that my career. So, I left AT&T to continue staying in this become a subject matter expert in investing in early stage companies.

 

Alan 

Tell me about Mark IV, do they have an expertise? How large is the fund? Are they many funds?

 

Michael 

Yeah, we don't disclose the size of the fund. It's a boutique asset management firm that manages real estate assets, and then venture capital and private equity.

 

Alan 

And what's a typical deal size? If you're finding it? Yeah, we're

 

Michael 

typically writing checks between $500,000 and $2 million, into early stage technology companies. And the way we look at our companies that have a technology that's going to measurably increase productivity at a fortune 500, or government customer.

 

Alan 

So Michael, as you look at the world today, there's ever changing technologies. Is there a particular technology that you want to gravitate towards moving into the investment arena?

 

Michael 

AI, I know it's becoming a large buzzword everywhere. But if you really think about the way it is going to increase productivity and make workers build up, reduce the amount of mundane tasks, they're doing that that's, of course, a big focus area and continuing on the software, and SAS or able to help companies access this technologies without having to spend a lot of cutbacks. But what makes our group a little bit unique will still look at hardware. So, understand that all these new machines are going to need, new hardware, new technologies, new silicon chips. And we also look at material science. So, we think there's a large under investment today in material science. So, we find some great technologies that are again, going to help companies or government make their processes more efficient.

 

Alan 

When you're evaluating a company, at what stage, do you want them to come to you? Do you want a seed stage company? Do you want series A? Do you want something late stage?

 

Michael 

It's a great question. So, it keeps our what's unique about our group is that we are able to Evan flow across the stages. So right now, we're really focused on series A, so companies that have had somewhere between one and a half to two and a half in the million dollars in annual revenues last year. But what's interesting is if we found a company that has great IP, and it's coming right out of a university or other area that's helped develop that IP and go ahead and file the patents for it, we have the ability to flex down to a seed stage if we need to or I'm participating in rounds as late as a series C. So, the key for me is really what's the growth trajectory of the company. But I would say 80 to 90% of our transactions are going to be in that series A range.

 

Alan 

How important is it for the entrepreneur that you invest with to be a seasoned entrepreneur?

 

Michael 

, that's good question too. We kind of going in the normal range is probably going to have an entrepreneur who's run a division of a large company, outside of previous company, they built and ran and been able to talk about their track record of success there, that we will step outside the norm and invest in maybe the grad student that it's helped incubated technology in a lab at university. We will take bets occasionally on first time entrepreneurs, but it's more the exception than the norm.

 

Alan 

If a person that wants to contact you for having you look at a deal. How would they go about that?

 

Michael 

So by looking in the network and seeing where they can have some common introduction, but they're always able to send me an email at mbeaudoin@markiv.com. So if they can figure out my email address, there's a good chance to resourceful as well.

 

Transcribed by https://otter.ai

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