Dear Investors and Friends:
We hope you all have had a good summer and have avoided all of the hurricanes! We were fortunate to have survived unscathed which was good for a number of reasons, not the least of which is that Fitz Gate deal flow growth has been extraordinary, and we have been busy.
In June we invested in 2 additional companies, Optimal Dynamics and RocketVisor (see descriptions below) about which we are excited, and we presented to large crowds at the Princeton Club of Seattle and the Princeton Club of New York. At the Princeton Club of New York, we invited Anne-Marie Maman, the Executive Director of the Princeton Entrepreneurship Council, to participate in our presentation. These events, like the others we have hosted previously in Silicon Valley, Chicago and Austin, were extremely well attended and productive in terms of getting the word out and generating even more quality deal flow.
In July (the one year anniversary of our launch) we completed our fundraising with a flurry of late investors coming on board (see press release here: Fitz Gate Closes Maiden Fund).
And finally, last week we closed an investment in Predata which has more Princetonians per capita than almost any company we’ve seen (see description below). We also have some exciting developments in process with a couple of our companies which we will report on as they become public. In addition, we are in due diligence on 4 other opportunities that look promising, but we need to complete our process before reporting on those.
As always, please feel free to contact us directly if you have any questions about Fitz Gate Ventures or have come across an interesting company with a Princetonian on board.
Jim Cohen and Mark Poag