|Venture Fund Member Profile
Novak Biddle Venture Partners was established in 1997 to provide equity financing and assistance to the management of young, information technology companies. NBVP is backed by a number of the country’s most prestigious limited partners, and has over $580 million under management. We seek investment opportunities where the combination of ideas, dollars, experience, and relationships can create long-term, sustainable value. While we believe that the vast majority of business plans we receive have many of the makings of viable companies, we are looking for additional key features in the businesses in which we invest.
NBVP prefers to be the first institutional capital brought into a business with a desired investment range of $100,000 to $10,000,000. While we focus on information technology companies in the very early stage through first round, we will consider financing later stage opportunities and spinouts where we can add significant value. We also will syndicate larger or later stage rounds through our limited partners and other firms in the venture community.
We are interested in companies in which market positions can be obtained and then defended after others recognize the value of a pioneer’s vision.
As investors, rather than traders, we are willing to hold equity positions in quality companies for five to seven years. While we avoid deals wholly dependent on fads or strategic buyers’ to realize value, our limited partners expect to see a logical path to liquidity, and a commitment on the part of the founders to achieve this in a reasonable time frame.
Novak Biddle Venture Partners
Prior to joining Novak Biddle, Sean was the founder and Chairman of Pikum Holdings, which was backed by Virgin and First Round Capital, and which was acquired by The Football Pools.
Prior to Pikum, Sean was the founding President and then Chief Marketing Officer at Higher One (NYSE: ONE), where he led the marketing and positioning strategy that helped the firm reach profitability while becoming recognized as one of the fastest growing private companies in the U.S. by INC. and Fast Company. Higher One went public in June 2010 in an offering led by Goldman Sachs.
Sean co-founded Higher One while a student at Yale where he earned a B.S. in Engineering Sciences. He also has an M.A. in Applied Positive Psychology from the University of Pennsylvania.
While at Yale, Sean founded the Yale Entrepreneurial Society and launched Yale's business plan competition. Sean serves on the board of the Yale Entrepreneurial Society, and the Yale Entrepreneurial Institute which he also helped found.
Sean is an active angel investor and currently serves on the board of PaperG.
||Centice Provider of application specific computational sensors and imaging technology.|
||PlaySay The world’s first method of learning foreign languages by communicating in those languages through pictures, with a language learning layer on Facebook.|
||2tor Inc is a private company that partners with preeminent institutions of higher education to deliver rigorous, selective degree programs online. |
||SS8 Cyber monitoring, communication forensics and lawful interception.|
Sean participated in the FundingPost event: DC VC and Angel Event
on Tuesday, July 24, 2012 in DC, Sponsored by Bingham McCutchen, SocialRadius, The Soho Loft
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|Venture Fund Member Profile|