The Maryland Venture Fund is an early-stage, evergreen venture capital fund dedicated to funding and growing the next generation of outstanding businesses in Maryland. We are an experienced team with significant operating and venture experience whose focus is on making the entrepreneurs successful. With more than $100M in assets under management, we partner with exceptional entrepreneurs and help them build valuable companies that last. We do not generalize what industries we invest in, but rather buy into our entrepreneurs' vision.
Initial Investment Check Size
We tend to write initial checks up to $750,000.
Frequently Asked Questions
Q: In what industries does Maryland Venture Fund typically invest?
A: We are sector-agnostic and highly opportunistic. As generalists, we do not attempt to predict the future, but rather buy into our entrepreneurs’ visions for how the world is changing and what opportunity that presents.
Q: What size initial investment does the Fund typically make?
A: We tend to write initial checks up to $750,000.
Q: What kinds of entrepreneurs does the Fund back?
A: Our founders are not always serial entrepreneurs, but we like to back individuals with a track record of execution.
Q: Does the Fund prefer to lead deals or follow other investors?
A: We are not followers by nature; when we fall in love with a company, we like to put as much capital behind its founders as we can. That said, we do play well with other funds and are happy to look at deals that have already secured lead investors.
Q: What is the size of the Fund?
A: We have over $135M of assets under management.
Q: Does the Fund make pre-product or pre-launch investments?
A: We have done it in the past and as opportunists, we wouldn’t rule it out. Our pre-launch investments are in opportunities exciting enough to justify the increased risk and are led by seasoned entrepreneurs. Nonetheless, we encourage companies still attempting to find product-market fit to reach out.
Q: My company is not based in Maryland. Does it still make sense for us to connect?
A: Yes. Though we invest in Maryland connected companies, we are stewards of the larger regional tech community. If you have an exciting business outside the region, we’d love to hear from you. We are happy to refer deals outside of our geographic scope to other co-investors.
Q: I’d like to write an article about the Fund or its portfolio. Who should I contact?
A: All press inquiries should be directed to Tammi Thomas at email@example.com.
DIY vs Delegate
Fred Wilson talks about the tension between doing things yourself as a founder and delegating to employees. While it can be tempting to keep control for as long as possible, we believe that one of the biggest mistakes a founder can make is to wait too long to start delegating meaningful work. Link.
Invest in Lines, Not Dots
Mark Suster’s take on why investors like to see a trend line before committing their capital. At the Maryland Venture Fund, we are always thinking about building relationships and we believe that entrepreneurs should be approaching investors in the same way. As Mark says, “if we get married you’re stuck with us, too.” Link.
If You Build It, Will They Come?
Blake Masters’ notes from Peter Thiel’s CS183 course at Stanford. A longer read, but one of the most comprehensive takes out there on getting a product into the hands of end-users. The companies that change the world do so through a combination of exceptional technology and adoption. Link.
Pitch Deck Collection from VC Funded Startups
Alexander Jarvis’ collection of pitch decks from notable startups at their (relatively) early stages. Many of these decks are fantastic sources of inspiration and all of them are a reminder of the humble beginnings that all startups share. Link.
Hiring, Managing, Promoting, and Firing Executives
Marc Andreessen on the most important decisions startups face. As every savvy investor will tell you, it’s all about people. Link.
The 2015 Ultimate Guide To Startup Sales Tools
Courtesy of Nic Poulos at Bowery Capital, a comprehensive guide to sales tools that can help add leverage to startups as they scale. Link.
Top 10 Mistakes Getting to $100M ARR
From two-time entrepreneur Jason Lemkin, a guide on what pitfalls to avoid while scaling a SaaS business. A reminder that the best entrepreneurs learn from their failures even when they are succeeding at a high level. Link.
How to Apply
Before applying, applicants are encouraged to familiarize themselves with the applicable TEDCO investment legislation regulations at: http://www.dsd.state.md.us/COMAR/subtitle_chapters/14_Chapters.aspx#Subtitle04