Venture Fund Member Profile
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Our mission is to invest capital in high-growth, expansion-stage companies, within specific sectors of the Information Technology and Medical Technology fields, with the objective of realizing venture level returns for us, our investors, and for the other shareholders and managers of each portfolio company. Brook Venture Partners focuses on the so-called 'funding gap' between Angel investors that typically provide up to $1 million, and larger institutional investors that typically prefer to invest more than $5 million per investment round. We believe that a good company begins with good management. Products and markets are secondary, albeit very important. We practice a high degree of oversight, not heavy handed, but consisting of frequent interaction and monitoring, and where necessary, stepping in to help. We seek high rewards for our capital, but we share the upside with management through unique incentives that reward management for growth and capital appreciation.
We are prudent investors, avoiding investments not well articulated, or where the level of risk is deemed inappropriate by our standards. Geographically, our focus is in the Northeast and Mid-Atlantic states.
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Chip Purrington III Managing Director Brook Venture Partners (Federal Street Capital) |
Chip is the Managing Director of Federal Street Capital, the broker dealer arm of Brook Venture Partners. He is an experienced entrepreneur and investment banker with 18 years of expertise in capital formation, M&A and strategic business development. Chip utilizes his established network in New England, New York, and California to successfully raise capital for technology companies from life sciences and medical devices to Internet search to chip manufacturers, to financial products and services to wireless security to consumer product and retail.
Chip's prior experience includes 12 years of operating experience success. His leadership resulted in revenue growth plus marketing and product innovation, sales process innovation, and opening new markets for entrepreneurial ventures and established brands - Mattel, Disney, Quaker Oats and the Stroh Brewery Company. As an entrepreneur, he was part of the senior management team that built and sold a media and ecommerce company to CMGi for $25MM.
Chip is a General Securities Principal (NASD Series 24). He earned an MBA from the University of Michigan and a BA in Psychology from Bates College.
Chip is on the Screening Committee for the Boston Harbor Angels Angels (formerly Keiretsu Forum) (www.bostonharbor angels.com) the steering committee for the MIT Enterprise Forum in NH (www.nhhtc.org)
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About FundingPost
For almost nine years FundingPost has worked with thousands
of Angel and Venture Capital Investors. We believe that it is
important to reach investors in every medium possible -
both online and offline. We have been directly responsible for
tons of success stories and Millions and Millions of dollars raised.
We look forward to introducing your company to the leading Venture and Angel Investors nationwide.
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| Venture Fund Member Profile |
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