|Venture Fund Member Profile
Edelson Technology Partners is a unique venture capital partnership that provides strategic assistance to major multinational corporations and CEOs involved in a wide variety of business endeavors. The common theme of the corporate partners is that all are dependent on technology to maintain their leadership. The corporate partners operate symbiotically with the General Partner and in harmony with each other. Located in Bergen County, New Jersey, 30 minutes from New York City, ETP manages more than $150 million in venture capital. ETP invests mostly in the U.S., but also in Europe, Asia, and Canada.
In 1984, Edelson Technology Partners was formed with corporate investments from AT&T and Viacom. A year later, 3M became the third corporate limited partner. In 1988, ETP II was formed with investments by the three original corporate partners and Cincinnati Bell, Ford Motor Company, and Combustion Engineering (now Asea Brown Boveri). In the 1990's, ETP III and Edelson IV were formed with investments from AT&T, Ford Motor Company, 3M, Colgate-Palmolive, Reed Elsevier, UPS, Imation, Harbourvest, Wellcome Trust and several current and former CEOs. Edelson V started in 2001.
By investing corporate funds rather than pension funds, the corporate partners have signified that their investments are for strategic purposes. In this regard, the General Partner provides the limited partners with a variety of investment banking services in addition to the so called window on technology. When appropriate, portfolio companies are introduced to the corporate partners for potential business liaisons or mergers. Numerous relationships have been established between ETP portfolio companies and the ETP corporate partners.
ETP operates as an independent entity. All decisions by the Partnership are made autonomously by the General Partner.
Edelson Technology Partners
Harry Edelson envisioned venture capital as more than just a quest for high financial returns. Venture capital would help multinational corporations establish and attain their overall objectives. He formed a venture capital partnership which was entirely unique. Only a few corporate partners would be admitted so that they all could be well served. The corporations would be in different businesses so they could work cooperatively and even assist each other. Corporate rather than pension money would be invested so that the General Partner could help the Limited Partners without violating ERISA rules which require investments to be made solely for maximum financial returns. Investments would be made worldwide because of the diverse geographic interests of the Limited Partners and because technological innovation is not limited to the United States. Five funds, 17 years and more than $150 million later the concept of combining investment banking services, a window on technology and stellar financial returns have proven to be successful.
Harry Edelson has more than 30 years of experience in technology divided between industry and Wall Street. His former positions include senior systems computer engineer for Unisys, transmission engineer for AT&T, director of management information systems for Cities Service and director of marketing for a terminal manufacturer. Harry was a securities analyst on Wall Street covering computers, telecommunications, and office equipment for three leading investment banking firms: CS First Boston, Merrill Lynch, and Drexel Burnham Lambert. He formed Edelson Technology Inc., to serve the technology industry in venture capital, consulting, and mergers and acquisitions.
Mr. Edelson is one of the most quoted technology industry figures in the world, his views often appearing in national and international financial and trade publications. He has frequently addressed major industry forums, often as keynote speaker, and has been retained as a consultant by dozens of technology companies. He is former President of the Analysts Club, the oldest club on Wall Street, founded in 1925. Education: BS in Physics from Brooklyn College, MBA in Management from NYU, Graduate Program in Telecommunications Engineering, at The Cornell Graduate School of Electrical Engineering.
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|Venture Fund Member Profile|