A “Family Office” is a private wealth management advisory firm that usually has a single client in that they serve an ultra-high-net-worth individual or family. Why do they matter in the capital ecosystem for startups? Well, three-quarters of family offices said they have directly invested in startups, and one-quarter said they have sourced their own deals, according to a recent global survey of family office executives and family members conducted by Silicon Valley Bank and family office advisors Campden Wealth.
We are privileged to have Mike Doyle, from Goldin Ventures as out next guest on Ben Franklin Capital Call. Goldin Ventures is a family office, investing in early stage technology companies, on behalf of the Markowitz family, the founders of Allen Organ Company in the Lehigh Valley region of PA. This session is moderated by John Sider, Director of Second Stage Capital, Ben Franklin Technology Partners of Central and Northern Pennsylvania.
Mike Doyle is President of Goldin Ventures, a family office investing in early stage companies in the Mid-Atlantic region, on behalf of the Markowitz family. Mike had roles at 4 startups prior to starting Goldin Ventures in 2007. Mike served as President of Eastern Research, a subsidiary company of Allen Organ, growing the company from 28 people and $3m in revenues to 275 people and $65m in revenues and was sold to Sycamore Networks. The owners of Eastern Research, the Markowitz family, asked me to continue with them and start Goldin Ventures. Mike also served as VP Sales and Marketing at Teleos Communications, as a sales executive at Datatel Communications and as Director of US Sales at Infotron Systems. in 2007. Mike is a graduate of Villanova University.
John Sider is the Director of Second Stage Capital for Ben Franklin Technology Partners of Central and Northern Pennsylvania. In this role, Sider is responsible for assisting the Center’s portfolio companies in attracting additional investment capital from sources such as angel investors, institutional venture capital, banks and government sources. Previously, he was Managing Director of Statewide Initiatives for Pennsylvania’s four Ben Franklin Centers, where he played a central role in the conception, development, and passage of Pennsylvania’s 2013 “Innovate in PA” legislation which will provide $100 million in tax credits to fund a continuum of capital formation activities in the state. From 2005-2010 Sider worked for the Pennsylvania Department of Community and Economic Development where he managed more than $400 million of venture capital and angel investor initiatives and was ultimately appointed Deputy Secretary for Technology Investment by Governor Rendell in 2009. Sider has also been Lending Group Leader at Community First Fund and a Branch Manager for two Fulton Bank branches in the City of Harrisburg. Sider is a graduate of Wheaton College in Illinois and earned his MBA from the Fox School of Business at Temple University. Sider lives in the City of Harrisburg with his wife and two children.
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