Investing in Early-Stage

High-Growth Tech Businesses

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Monthly Investor Meetings

Meeting Potential Investment Opportunities

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NYC Area Focused Fund

But we'll look from PA to MA

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Investing $50K-$250K

Committed Fund with sidecar investments

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ARC Angel Fund invests in seed- and early-stage companies with high growth potential. ARC Angel Fund invests in industries with which its members have experience, with investments averaging $50,000 to $250,000, each, over the life of the investment.

ARC Angel Fund is a member-led Angel Fund. An Angel Fund is, in essence, a hybrid model between an Angel Group and a Venture Fund. The members of ARC Angel Fund range from experienced Angel Investors and Partners in VC Funds, to executives of successful companies.

Our members bring their own expertise to the table and can actively participate as much as they like in the Fund's investment decisions, and can personally invest alongside the fund.

Sector Focus

Software, IT, Internet, Tech-Enabled Services, Business Services, Digital Media, Mobile, Healthcare IT, and others


The Fund has a primary focus towards NYC and the surrounding Northeast and Mid-Atlantic area companies.


We invest in early-stage companies with a product and some revenue and valuations under $5M.

Our Process

Unlike a standard Venture fund, the GP is owned by the investors.

General Membership makes the Investment decisions. Committees are set up to handle the business of the Fund. An Executive Committee is comprised of volunteer members of the General Partner and provides oversight of the ARC Fund.


Investment opportunities are brought to the ARC Fund from members, affiliated organizations, fund managers and other institutions. Deals may also be submitted through our website here. Submitting companies MUST submit a PowerPoint and Financials with their executive summary.


The Evaluation Committee members will review investment opportunities, and if the Evaluation Committee elects to have a company present to the Members of the General Partner, it will be responsible for preparing such company to present, along with the founding team.

Due Diligence:

A Due Diligence Committee will be set up for each company approved by the General Partner for due diligence. Each Due Diligence Committee will make a recommendation, and pending a vote to invest by the members of the General Partner, will prepare a term sheet and negotiate the terms of investment.


Following an investment, a Monitoring Committee will be set up for each portfolio company, often including members of the Due Diligence Committee, to work with the portfolio company and report on the company at monthly meetings of the General Partner. The committee will be responsible for keeping the ARC Fund apprised of a portfolio company’s material developments, including management changes, subsequent rounds of venture investments and the company's business milestones.

Our Portfolio
uptown network

Uptown Network

As opposed to simply providing an iPad Wine List, Uptown Network connects SMART Menu Services to create a network effect. Our current customers are averaging more than a 30% increase in wine sales

Jack Serfass - Uptown Network

Successful entrepreneur who has founded four companies, including Uptown Network. Uptown Network combines technology and restaurant experience with a mission to replace all paper menus with digital menus. Very soon, society will look back at paper menus the same way we now look back at hand-written checks.

Self-taught chef and creative marketer who, with his wife Nadine, transformed the original Naples Tomato restaurant from a mom-and-pop operation to one of the country's best restaurants. Voted best restaurant in Southwest Florida by Gulfshore Life Magazine, Top 1500 Restaurants in the Country by Zagat, Naples Tomato served 100,000 guests a year. Previously founded and led two software companies: Bowstreet, Inc. (acquired by IBM); and Preferred Systems, Inc. (acquired by Computer Associates). Early board member at Nielsen / Netratings, the Nielsen of the web (IPO). Software technology expert, popular speaker, and consultant on product reinvention for Infinite Growth Group for clients such as Nestle/Stouffers and Coca-Cola/Odwalla.



Discover the people behind the counts. We have identified over 600 million social profiles and their characteristics, as defined by over 30,000 demographic and lifestyle variables. Know, segment, and target your social audience as never before.


Michael Hussey is the founder and CEO of StatSocial. Previously, he founded the people search company PeekYou (2006), building it into one of the top-250 sites in the US. Before that, he created RateMyTeachers and RateMyProfessors (2001), which to this day, nearly every college student still uses. A native Mainer, he graduated from the University of Maine in 2000 with a degree in Financial Economics and today lives in New York City with his wife and two children.



Prognos applies artificial intelligence to diagnostic data to forecast disease risk. Co-Investors include Cigna, Guardian Life Insurance Co. of America, Hermed, Hikma Pharmaceuticals, Maywic, Merck Global Health Innovation Fund, Safeguard Scientific.


Sundeep is a serial entrepreneur and interested in changing the world for the better.

Sundeep is currently the CEO of Prognos. Sundeep has over 15 years of leadership experience with building teams, developing talent, and successfully growing, managing and selling businesses in healthcare marketing and technology. Previously, as the CEO and co-founder of Medsite, Inc. he established the company as a leader in online pharmaceutical marketing and services by building an extensive online community of health care professionals, including over 400,000 US physicians. He secured financing from a range of blue chip investors, including JP Morgan Partners, Morgan Stanley, Bain, and Reuters. After the sale of Medsite to WebMD in the fall of 2006, he worked on integration, new product development, and corporate strategy.

Sundeep received his B.A. in Communications from the Annenberg School of Communications at the University of Pennsylvania, with a concentration in business from the Wharton School. Sundeep was recognized as the ‘Top 5 Under 35’ by the Asian Indian Chambers of Commerce. He was a finalist for the Ernst & Young 2005, 2003 and 2000 "Entrepreneur of the Year" award. The Asian American Business Development Center recognized him as an ‘Outstanding 50 Asian Americans in Business’ in 2004. Sundeep has been featured in major publications and has been a keynote speaker at numerous conferences and has served as a guest lecturer for the Goergen Entrepreneurial Management Program at the Wharton School. Sundeep also currently serves on the Leadership Council of CASI (The Center for Advanced Studies of India) at the University of Pennsylvania.



Careerminds provides strategic solutions to organizations seeking affordable, Web-based outplacement services. The Round was led by Innovation Venture Partners & Gabriel Venture Partners.

Careerminds Raymond Lee

In 2008 I launched Careerminds as a virtual outplacement company. I bring over 18 years human resource leadership, career consulting, and outplacement experience to Careerminds. The concept of virtual outplacement was developed after experiencing years of traditional outplacement in a variety of HR roles. Over my career, I've planned and executed several large scale layoffs and have many years of traditional brick and mortar outplacement services.

When we started the company in 2008, we had one goal in mind: to create an outplacement program that was forward thinking and to reduce the stress employees face during career transition. This includes developing a robust and relevant technology that accelerates the transition process, creating personalized and customized programs by job function and industry, and hiring the best career consultants who support displaced employees every step of the way.



Sidecar is a fully automated online marketing platform that efficiently acquires, converts and retains customers for online retailers. Other Funds include Innovation Venture Partners & Osage Venture Partners.


Sidecar is a leader in automated e-commerce marketing, powering paid search, comparison shopping engine advertising, on-site product recommendations, and email re-targeting for retailers ranging from $5M to $4B in annual online revenue, including Top 25 retailers in the US.

Prior to Sidecar, Andre was the CEO and Founder of Snipi, Inc. a patented system for people to save their interests while browsing anywhere online. Snipi was featured on the front page of the Wall Street Journal and established partnerships with the world’s leading retail and entertainment brands.

Prior to Snipi, Golsorkhi was the President and Founder of Omeda Design + Technology, which offered design and web application services. From its origins in 2003, Omeda's client roster grew to include Fortune 500 and similarly substantial entities such as IMAX Corporation, Boyd Gaming, and other private and public organizations.

Prior to founding Omeda and while still in college, Golsorkhi recognized the growing interest in portable physician scheduling and billing solutions and, developed MediLync—a proprietary, handheld patient scheduling and billing solution housed in PDAs. At the time, MediLync became the most widely used mobile solution among physician's in small physician practices. The MediLync technology was acquired in 2004.



YieldMo is a mobile advertising startup based in New York City. We are a small and dedicated team of engineers and entrepreneurs who value constant improvement, working with smart people, and solving difficult problems.


Investor in 100+ Internet companies such as: Klout, 500px, Meetup, Flurry, TechStars NY, Hashable, Yipit, Tapad, ThinkNear (acquired by TeleNav), Aristotle Circle, Artspace, Streeteasy (Advisor, acquired by Zillow), Voxy and many more!

Building one of the worlds great mobile services and always looking to hire great adtech people!

Built and sold Quigo to AOL for $340M in 2007.



An innovative solution for high-speed, low-impact, transparent migration of LUNs from any legacy SAN to any new Fibre Channel, iSCSI, or Cloud storage. Deploy with ZERO downtime, then cut over to new storage in just a few minutes.

CirrusData CEO: Wayne Lam
CirrusData CEO: Wayne Lam

Wayne has over 25 years of experience in the enterprise storage industry, and has demonstrated an exceptional ability to bring new technologies to market. Wayne was a co-founder of FalconStor Software and was largely responsible for most of its successful storage products. In his career Wayne has founded and co-founded multiple high tech companies, and has led them to successful conclusion. The products created by these companies have been licensed by many storage OEMs throughout the world. With experience in every aspect of the product life-cycle, Wayne has a proven track record of conceiving product ideas by engaging enterprise customers to determine their needs, and then quickly creating start-up companies to bring the ideas to market. With his vast technical expertise and keen business acumen, Wayne is able to communicate effectively to enterprise customers and partners how the products and technologies benefit real life enterprise storage applications. Wayne received a BE in Electrical Engineering from Cooper Union College, 1986. While still in Cooper Union, Wayne started his first company in electronic document imaging and optical storage systems.



Take the headache out of searching for replacement parts with Partpic - simplifies the search and purchase of replacement parts using visual recognition technology.

(Acquired by Amazon)

Partpic - CEO Jewel Burks

An experienced sales and marketing professional, Jewel Burks leads the Partpic team as CEO. Since its founding in August 2013, Jewel has been responsible for building a team, goal setting and execution and fundraising. Prior to founding Partpic, Jewel worked in Enterprise Sales at Google and in Sales Management at McMaster- Carr Industrial Supply. Jewel graduated from Howard University and is from Nashville, Tennessee.



Radius8 is the intelligent, online­to-offline, cloud native platform enabling retailers to activate the contents of their brick & mortar store for effortless online discovery by consumers who are both online and close to your store.

Radius8 CEO: Sandeep Bhanote
Radius8 CEO: Sandeep Bhanote

Sandeep Bhanote has over 15 years of experience as a start-up entrepreneur, building strong product, marketing and innovative teams in the retail technology sector and successfully delivering emerging technologies to market in a profitable and scalable way. Prior to founding Radius8, Sandeep was the founder and CEO of Global Bay Mobile Technologies, a pioneer in delivering transactional mobile solutions to emerging Omni and Brick and Mortar retailers and driving the wide adoption of Apple mobile devices in stores. This innovation created the path to closing the gap between digital and brick and mortar channels in retailing.

Under Bhanote's leadership, Global Bay delivered a mobile platform for the retail enterprise which transformed the in-store landscape by delivering integrated MobilePOS, high service-level Clienteling, Inventory Management and other robust omni-channel capabilities. Global Bay was acquired by VeriFone in 2011 and subsequently became part of enterprise omni-channel leader Manhattan Associates in 2014 and serves as the basis for their in-store omni-channel strategy.

Radius8 is driving the next disruption in retail by leveraging the power of location to drive net-new sales to the store. The radius8 platform leverages seamless integration with store inventory and a frictionless consumer experience. Retailers now have a single point of orchestration where they control their physical and digital presence, capturing new customers and increased revenues.



Treez is an enterprise quality retail management software serving the leading dispensaries in the United States. Our software solution is designed with intent to reduce unnecessary labor, manual errors, and address your growing pains.

Treez - CEO John Yang

John is the CEO of Treez, which he co-founded in 2016. Born Hai-Meng Yang, he began his entrepreneurial journey as a 12 year old inside his father’s computer shop - selling, building, and solving problems using technology. As a seasoned technology management expert, John is building software solutions that drive innovation and workflow automation throughout the cannabis industry. Prior to Treez, John was a consultant at Slalom Consulting – ranked #3 in the world for business and technology consulting. Slalom’s services ranged from broad areas like program management, business process improvement, and software development, to specialized solutions like CRM, and Business Intelligence. Earlier in his career, John was a consultant with Accenture as an experienced information technology management professional analyzing, designing, consulting, deploying and managing software development applications for various sectors. Yang earned his B.S. in Managerial Economics at U.C. Davis in 2006.



A next gen location intelligence company that allows businesses to glean actionable insights about real-world consumer behaviors and trends. Cuebiq provides geo-behavioral insights and offline location analytics.

Cuebiq - CEO Antonio Tomarchio

Industry veteran in mobile marketing, mobile big data, location intelligence, business intelligence, offline analytics, attribution analysis with a deep understanding of SaaS and DaaS (Data as a Service) Business model. Strong background in managing and scaling international organizations and in high growth startups.



The wearable that tracks the location of your group. The weatherproof device, which is not dependent on Wifi, Bluetooth, cell service, or maps, makes sure that everyone is accounted for, whether you are in a state park or in a remote area.

lynq CEO Dave Shor

In October 2014, Dave founded lynQ, the 1st real-time location platform for groups — no phone, cell network, wifi or map required. Dave is a leader and strategic thinker with over 10 years of management experience and a proven track of running a business from end-to-end. Skilled at developing and empowering employees, including leadership of teams with significantly greater experience than myself. He is experienced in the successful evolution of processes, technologies and business intelligence. Passion and drive to accomplish, and motivate others to accomplish, what was once thought difficult or unachievable.



We adore dogs and believe that feeding them well is the best way to show our love. So we created Ollie: fresh meals made from real ingredients.

Ollie CEO: Alexandre Douzet
Ollie CEO: Alexandre Douzet

Alexandre Douzet: Serial Entrepreneur and CEO & Co-founder of Ollie the next-gen direct to consumer natural, refrigerated human grade petfood brand.

Before Ollie, I was co-founder and CEO for TheLadders as well as Director of Online Marketing at HotJobs and the Manager of Marketing Planning and Analysis for BMG Direct.

I have an MBA in general management from INSEAD, an MS in direct marketing from New York University, and a BS in business administration from the University of Lyon III in France.

I am a competitive Triathlete, a 5X Ironman finisher, 2015 Ironman World Championship Finisher - Kailua-Kona, a 2 X finisher of the Ironman 70.3 World Championship and an Ironman All World Athlete (AWA)



SkyWatch is enabling a new era in Earth Observation by providing easy access to a growing ecosystem of satellite sources in a simple and intuitive manner.

SkyWatch CEO: James Slifierz
SkyWatch CEO: James Slifierz

James is the Co-Founder and CEO at SkyWatch Space Applications. He is also a Co-Founder and Chair of MaxQ, Canada's first organization focused on developing the space startup ecosystem, and the Lead Organizer for NASA Space Apps Waterloo. In 2014 James was a part of the team that won the NASA International Space Apps Challenge, beating out over 650 other projects. He's an alumnus of Google for Entrepreneurs, Next Founders, and Techstars; a member of the International Astronomical Union's Working Group on Time-Domain Astronomy and the Association of Canadian Universities for Research in Astronomy, and the Canadian Space Commerce Association; as well as an advisor to the Students for the Exploration and Development of Space Canada and many startups and founders across North America. Every Wednesday he publishes This Week in Space, a weekly newsletter covering the biggest stories in space & astronomy. James is on a mission to build Canada's space industry back into a global leader.

First Due

First Due Size Up

Protecting the lives of firefighters by providing critical scene data.

First Due - CEO Andreas Huber

Andreas, co-founder of Locality Media, has 6 years of experience providing innovative technology solutions to the Public Sector and Fire Service. In this time Andreas has worked with professionals across fire prevention & suppression, building departments officials and state & local political leaders to improve municipal operations. Today, he is proud to be leading First Due Size Up, the 1st solution to bridge the deadly information gap by arming our first responders with the data they deserve for better fast decision making. Andreas graduated Georgetown University with a B.S.B.A.

Sustain Natural

Sustain Natural

From tampons, to condoms, to lubricants, most products contain harmful ingredients that can harm your body rather than help it. At Sustain, we’re committed to always putting your health first.

Sustain - CEO Meika Hollender

Meika Hollender is Cofounder and Co-CEO of Sustain Condoms . Meika graduated in the spring of 2013 from New York University’s Stern School of Business , specializing in social impact and strategy. At Stern, she ran the Social Enterprise Association , where she worked closely with the administration and the career development office to help increase the focus on social impact and sustainability in the MBA curriculum and career development process. Meika has also done stints at the brand strategy and design firm, Sterling Brands, and at Johnson & Johnson as a Sustainability Associate. She writes frequently on sexual health issues and advocacy for publications including Refinery29 and is the co-author of the book "Naturally Clean."



At Ocrolus, we believe that companies work best when professionals focus on cerebral work, and machines take care of the rest. Ocrolus empowers customers to increase efficiency, scale freely, and concentrate on their core business.

ocrolus - CEO Sam Bobley

I’m a 27-year-old entrepreneur who began building a fintech startup in my parent’s kitchen in 2014. As Co-founder and CEO, I’ve worn many hats as Ocrolus has matured into an international business process automation company that powers institutions across the financial sector. Most notably, I authored a patent application, raised more than $30 million from top-tier venture capitalists, and built out an exceptional team of coworkers and advisors. I live in NYC’s Financial District, two blocks away from Ocrolus headquarters. Outside of the office, I play basketball twice a week and enjoy making the Sunday trip back to my parent’s kitchen where it all began, for some home-cooking and great company.

Akash Systems

Akash Systems

Akash is focused on developing and supplying the next generation of extreme bandwidth, hyper-efficient communications gear for space satellites, accelerating universal and low-cost access to the internet with a breakthrough new composite material, gallium nitride (GaN)-on-Diamond

Akash Systems - CEO Felix Ejeckam, Ph.D.

Felix Ejeckam, Ph.D. co-founded Akash Systems in January 2016. Felix is a seasoned entrepreneur, electrical engineer, and venture capitalist. Prior to Akash, Felix invented GaN-on-Diamond technology in 2003 at Group4 Labs, Inc. He was Co-founder/CEO of Group4 Labs until 2013 when he sold the business to a De Beers business unit (Element Six Technologies). Prior to Group4, Felix was co-founder/CEO of venture-backed Nova Crystals, Inc., a developer and maker of next-generation semiconductor lasers and detectors for Telecom/Datacom markets. Felix began his career as a management consultant with McKinsey & Company, Inc. in 1997. He has published over 100 journal and conference papers, holding many patents. Felix holds a Ph.D. in Electrical and Computer Engineering from Cornell University with a minor in Materials Science & Engineering.

Made In Space

Made In Space

Made In Space's Additive Manufacturing Facility (AMF) is the first permanent commercial manufacturing platform to operate in low Earth orbit. AMF is our flagship technology onboard the ISS

Made In Space - CEO Andrew Rush

Andrew Rush is the President and Chief Executive Officer of Made In Space, Inc. (MIS). In his current role, Rush oversees strategic direction and operational management for the industry-leading space manufacturing company. Through his leadership, he has expanded the company’s portfolio across three sectors: satellite manufacturing, payload development and operations, and deep space exploration solutions. This operational integration has resulted in eight successful spaceflight missions with four facilities flown and operating on the International Space Station. Prior to this role, he served as general counsel for MIS. Since his appointment in 2015, MIS has expanded its operational footprint within the United States with the addition of new office locations, including a 19,000 square foot headquarters and satellite manufacturing and operations facility. Through a strategic roadmap prioritizing high tech jobs, he has increased the company’s workforce by nearly 800% in the last five years. His strategic vision has strengthened the commercial investment on ISS capabilities and resources to enable greater commercial utilization. He has also established public-private partnerships that are yielding transformational capabilities for satellite manufacturing. Rush’s extensive experience in aligning business roadmaps with emerging technologies to grow nascent markets has made him a leading voice in commercial space. Rush currently serves as a member of the Physics Advisory Group at the University of North Florida (UNF). He has also been awarded the Young Alumni Achievement Award from UNF. Prior to becoming MIS President & CEO, Rush was a partner at PCT Law Group and worked at Masten Space Systems. Rush earned a Bachelor of Science degree in physics from the University of North Florida and a Juris Doctor degree from Stetson University.



Mojo’s view of the world seamlessly fuses digital information onto the world around us. Using microelectronics and a tiny display to share critical information, Mojo Lens empowers each user to be their best self in any situation.

Mojo - CEO Drew Perkins

A serial entrepreneur, Drew has been at the forefront of technology innovation for more than three decades. Drew's latest company, Mojo Vision, is inventing the future of computing. Invisible Computing. Information when you need it, unobtrusive, without burying your head in a device or screen, connecting with others at a glance, anytime, anywhere, and all while looking like you. Gainspeed, his previous startup, changed the game for cable operators and was acquired by Nokia in the summer of 2016. Drew co-founded Infinera Corporation in 2001 and served as Infinera's CTO until 2012. Infinera developed the first optical system based on large-scale photonic integrated circuits. Infinera established itself as the technology leader of the worldwide long-haul telecom market and did a successful IPO in 2007. Before Infinera, Drew was co-founder and CTO of metropolitan telecommunications service provider OnFiber Communications, a startup that brought high-bandwidth fiber-based data services to small and medium-sized businesses in major metro areas nationwide. OnFiber was acquired by Qwest Communications. In 1998, Drew co-founded Lightera Networks, which developed the CoreDirector optical switching platform. Lightera was acquired by Ciena Corporation for more than $500 million in 1999. Drew made several important contributions to the early development of the Internet and was lead author of the Point-to-Point Protocol (PPP), technology that enabled computers to access the Internet over circuit-switched telephone lines. Drew has held various roles in industry standards bodies and research organizations including the IETF, IEEE, OIF, ATM Forum and Internet2. Drew's interests outside of work include technology education for the next generation of innovators. He has endowed the Drew D. Perkins Professorship in Advanced Networking and Communications at Carnegie-Mellon University.


Founding Partners:
David Freschman
Michael Kelley
Edward Reitler
Joe Rubin

Executive Committee:
Joseph R. Saviano
Jeffrey Finkle
Sridhar Chityala
Kevin Pianko
John Ferretti
Steve Madsen
Kumar S. Sripadam
Raymond Sobieski

Evaluation Committee Chairman
Jeffrey Finkle

Sourcing Committee Chairman
Tom Nicholson

Stephen Silver

Steve Adler : Financial Summit Ventures
Manish Aggarwal : Gold Ridge Asset Management
Jonathan Anapol : Prime Manhattan Realty
David Atadan : Angel Investor
Martin Babinec : UVC / StartFast Accelerator
Kevin Balfe : Mercury Radio Arts, Inc
Marshall Bartlett : Reitler Kailas & Rosenblatt LLC
Michael Beller : Lightship Partners
Sandeep Bhanote : Angel Investor
Kabir Bhasin, MD : Cardiologist
Satjit Bhusri, MD : Cardiologist
Matthew Blesso : Blesso Properties
Steve Brotman : Angel Investor
Jon Carter : Angel Investor
Bernie Chen : Underhill Capital Advisors
Charles Chesler : Old Rock Ventures, LLC
Sridhar Chityala : Vedas Group
Shreyas Chityala : Vedas Group
Brian Colton : Angel Investor
Dan Coates : Cordelay Holdings
Brian Corrigan : Angel Investor
Nigel Dawn : Evercore
Dave Delaney : Lancer Insurance
Robert Delman : Golden Seeds
Mike Della Penna : Angel Investor

Michael Derikrava : Wild World Investments
Chris Dougherty : Lancer Insurance
Elijah Duckworth-Schachter : Point One Percent
David Dussault : Angel Investor
Harry Ehrlich : Angel Investor
Richard Ellenson : Angel Investor
Jonah Engler : Angel Investor
Adam Epstein : Credit Suisse
Donald Ershow : Angel Investor
Brad Feld : Foundry Group
John Ferretti : Foxfire Printing & Packaging, Inc.
Jeff Finkle : Odeon Capital
Ruth Fisher : Pereg Holdings
Patrick Foley, Ph.D : Innovation Capital Advisors
Edward EF. Foy : eFashionSolutions
Don Franceschini : Angel Investor
David Freschman : Innovation Capital Advisors, LLC
Robin Freschman : FashInvest
John Gans : Angel Investor
Frank Garland : Angel Investor
Eric Gelb : Angel Investor
Marc Glazer : Business Financial Services, Inc.
Brian Gold : Angel Investor
Edwin Goodman : Milestone Venture Partners
Tarang Gosalia : Optimark Graphics
Ken Gross : Angel Investor
Jeff Guberman : Fourth Wall Events
Bill Harding : Financial Summit Ventures
Michael Herzberg : Roseworth Capital
David Hill : Angel Investor
Brian Hirsch : Tribeca Venture Partners
Ken Huynh : Angel Investor
Nick Jekogian : Signature Community
Leo G. Kailas : Reitler Kailas & Rosenblatt LLC
Merle Duskin Kailas : MK Productions Inc.
Lawrence Kaplan : 24th Letter
Jackie Karceski : Dearborn Investments, LLC
Michael Kelley : Merion Investment Partners
Chris Kelly : Piece of Mind Corp
Michael Knox : Gold Ridge Asset Management
Sergei Kovalenko : iTechArt Group
Peter Kranes : Bowery Partners
Rick Kushel : Angel Investor
Frederick Light : Foxfire Printing & Packaging, Inc.
Ross Lipson : Angel Investor
Winston Lowe : ShepardLowe LLC
Stephen Madsen : Angel Investor
Bernard Mantha : Angel Investor
Alan McGlade : DEV

Kevin McGovern : McGovern Capital
Eileen McNamara-Raisch : Angel Investor
Theresa Minson: Angel Investor
Arsen Mrakovcic : Larchmont Capital
David Neveloff : Angel Investor
Jim Nichols : Shorefront Capital Partners LLC
Tom Nicholson : Nicholson | NY LLC
Gordon Ogden, CRE : Byrnam Wood, LLC
Thomas P. Ogden : Davis Polk & Wardwell LLP
Ernie Osle: UBS Financial Services
Stephen Pelletier : SPELLNET
Luis Perez : Parenting Bridge
Scott Peters : JEGI
Bre Pettis : Makerbot
Kevin M. Pianko : BDO
Jeremy Raccio : Angel Investor
Edward Reitler : Reitler Kailas & Rosenblatt LLC
Peter Rothberg : Reitler Kailas & Rosenblatt LLC
Joe Rubin : FundingPost
Shioulin Sam : Angel Investor
Robert Saunders : Angel Investor
George Saterson : Angel Investor
Joseph Saviano : Baker Capital
Bharat Sawhney : Angel Investor
Harris Schwartz : Angel Investor
Howie Schwartz : Angel Investor
Lokesh Seth : Angel Investor
Richard Sheldon : Angel Investor
Jim Shepard : ShepardLowe LLC
Jeff Silverman : Laconia Capital
Lee Silverstein : Angel Investor
Steve Sinek : Dearborn Investments, LLC
Vamsi Sistla : Angel Investor
Brett Smith : Propeller Investments LLC
Leeana A. Smith-Ryland : CS Wilton Group LLC
Raymond Sobieski : R2 LLC
Kumar S. Sripadam : Angel Investor
Christine Tate : Angel Investor
Tracy Tomasso : Cordelay Holdings
Konstantin Tsybulko : iTechArt Group
Thomas Volker : Angel Investor
Neel Vora : Optimark Graphics
John Watkins : Reitler Kailas & Rosenblatt LLC
Peter Weiss : Angel Investor
Jamie Weston : Angel Investor
Sandy Wollman : Westchester Angels
Michael Yang : Angel Investor
Joseph M. Zawadzki : MediaMath LLC
Adam Zurofsky : Angel Investor

Founding Partners
David Freschman

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David J. Freschman, Founder Emeritus

Our friend David cofounded ARC Angel Fund with us in 2010. His generousity, business acumen and sense of humor remain an inspiration to us all.

In addition to ARC, Mr. Freschman was a Managing Principal of Innovation Capital Advisors, LLC (ICA). ICA serves as the management company of Innovation Ventures, L.P. (IV), and the Delaware Innovation Fund (DIF). He had served as the President and CEO of the DIF since its establishment in 1995. The DIF is a seed- and early-stage venture capital fund that focuses on entrepreneurial ventures in the Mid-Atlantic region. Mr. Freschman had been responsible for all aspects of IV’s and the DIF’s management since its inception, including the business strategy, fiscal and operational management, raising investment capital, and evaluating all investment opportunities and portfolio company management.

Mr. Freschman was very active in the venture and entrepreneurial communities. He was one of the organizers and initial investors in the Mid-Atlantic Angel Group, where he served on the angel fund’s Executive and Investment Committees. He sat on a number of Boards, and has been a lecturer on venture capital, entrepreneurship and angel investing at The White House Conference on Small Business, The Wharton School of the University of Pennsylvania, Temple University, the University of Delaware, Goldey-Beacom College, and Loyola College in Baltimore. He was the creator and founder of Early Stage East – the premier early-stage venture capital event on the East Coast. In 2001, Mr. Freschman was appointed by Gov. Ruth Ann Minner to chair the venture capital study of Delaware’s Strategic Economic Council. Mr. Freschman was appointed and served a three-year term representing New Castle County, Delaware, on the Small Business Advisory Council of the Federal Reserve Bank of Philadelphia through 2002.

Prior to establishing the DIF, Mr. Freschman was responsible for the formation of the corporate finance advisory division of McBride Shopa & Company, one of the largest certified public accounting and consulting firms in Delaware. Mr. Freschman began his career with the Enterprise Group of the Philadelphia office of Arthur Andersen, LLP, from 1984 through 1989. He graduated with honors with an MBA from Loyola College of Maryland and cum laude from the University of Delaware with a B.S. in accounting, where he was a John B. Lynch Scholar. He was also a member of Beta Gamma Sigma – the National Honor Society.

Mr. Freschman is survived by his wife, two kids, and thousands of people whose lives he has touched.


Michael J. Kelley

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For more than 15 years, Michael Kelley has been executing and managing principal investments in private equity. Currently a Director at Merion Investment Partners, a subordinated debt and equity fund with assets under management of $240MM. Prior to Merion, he was the founder and principal of Formation Capital, Inc. ("Formation"), which managed capital in excess of $50 million in equity invested in 30 investments. Formation's venture portfolio includes Foxfire Printing and Packaging, iProcess Online and Performance Systems Development. Prior to Formation, Mr. Kelley was a principal with HK Special Situations Group, where he provided advisory services to the US Small Business Administration regarding a troubled Small Business Investment Company. He was also a principal with GSA Management and with Intrust USA. At Intrust he was responsible for raising and investing 4 real estate tax credit funds and one venture capital fund. In addition to serving as the Chairman of the Board of Directors of the Delaware Innovation Fund, Mr. Kelley sits on the boards of Foxfire Printing, Early Stage East, and the Metropolitan Wilmington Urban League. Mr. Kelley received his BA degree in History magna cum laude from the University of Delaware.


Edward Reitler

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Ed is the senior member of Reitler Kailas & Rosenblatt LLC. He and his firm handle a wide variety of corporate matters including private equity, venture capital, mergers and acquisitions, capital markets and joint ventures transactions.

Ed is one of the leading venture attorneys in the northeast and has represented dozens of venture funds and their portfolio companies. Notable venture funds include Spark Capital, Safeguard Scientific, Edison Venture, Starvest, First Round, Milestone Ventures, Tribeca Venture Partners, New Spring Capital, New Atlantic Ventures, Osage Venture Partners, Paladin Capital, SJF Ventures, ff Venture Capital, Vocap Ventures, and Gen Y Capital Partners. Notable portfolio company clients include Warby Parker, MediaMath, BillTrust, Business Financial Services, LifeStreet, Service Channel, Spongecell, Pontiflex, FMS, Yieldbot, Kemp Technologies and Aspire Financial.

In addition to ARC, Ed is also a co-founder of the Female Founders Fund, L.P., a seed fund investing in women led businesses targeting the female consumer. He is a frequent speaker and panelist on issues affecting the private equity and venture capital markets and is a regular guest lecturer on venture capital finance at Columbia Business School. Ed is a member of the Board of Directors of Business Financial Services, a credit card accounts receivable factor, gCommerce, Inc., an inventory management and custom order software developer, and Brightbox, a technology and consumer services company. Ed also serves on the technology committee of the New York City Investment Fund, a venture fund that co-invests in early stage businesses in New York City. Ed is a member of Board of Advisors for North West Fund for England, the Nex Gen Fund and Lyric Financial. Ed has also served on the Board of Trustees of the Harvard Law School Alumni Association of New York. He is a frequent speaker and panelist on issues affecting the venture capital and private equity markets and is a regular guest lecturer on venture capital finance at Columbia Business School. Ed graduated from Harvard Law School, magna cum laude, where he was an Editor and a contributor to the Journal of Law and Public Policy and a contributor to the Harvard Journal of Legislation. After a clerkship with the Hon. J. Edward Lumbard (United States Court of Appeals for the Second Circuit), he joined Cravath, Swaine & Moore in 1991. He joined Reitler Kailas & Rosenblatt LLC in 1998 as a member.

Ed Reitler

Joe Rubin

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Joe Rubin is a Director & Co-Founder of FundingPost has been introducing entrepreneurs to investors nationwide for over 17 years through its Online Venture Exchange and Dealflow Magazine, and organizes Venture Capital and Angel Investor Conferences in 23 cities nationwide. Joe has also invested in over a dozen seed deals, including Sticky, Inc. (acquired by Splashtop, Inc.), Senscient, appMobi, Giftworks (acquired by Frontstream Payments), CIMA Systems, was an investor and on the advisory board of Offermobi (acquired by, Human Demand (acquired by IgnitionOne) and an advisor to Gozaik (acquired by Monster), and Augmate. Joe spends most of his time working with investors and helping early-stage entrepreneurs, and speaks at events such as the NYC Economic Development Corporation's Jumpstart and Fasttrac Programs, Early-Stage-East, and Connecticut's CTech, is a speaker at and sponsor of the UCLA Private Equity Club and Disruptive Technologists in NYC, and a Mentor to Angel Groups such as 37 Angels, Accel Foods and TopStone Angels. Joe is also a Founding Partner of ARC Angel Fund 1 & 2, seed tech funds based in NYC which have invested in, among others: Upnext (acquired by Amazon), Medivo, Sidecar, Careerminds, Kanvas (acquired by AOL), Partpic, and is a prior board member of the Crowdfund Intermediary Regulatory Advocates (CFIRA).

Prior to FundingPost, Joe was instrumental in helping to raise $2.5 Million in angel and venture capital for his start-up producing a family-friendly network and over 100 flash-based video games which were playable online and sold as a compilation in stores like Comp USA. Joe was also the Webmaster at Knight Securities (NASD: NITE), where he helped to design its online trading platform and website. Prior to working Online, Joe worked in television and graphic design for companies such as NBC and MTV, in addition to doing freelance commercial production. Joe began working in television production, graphic design and 3D animation professionally when he was 15, and graduated from Hofstra University with a B.A. in Communications. He now lives in Connecticut with his wife and 2 children.

Joe Rubin