Early-stage, evergreen venture capital fund The Maryland Venture Fund hired Parag Sheth as Director and Chief Marketing Officer.
Sheth brings decades of sales, marketing, and business development experience at multi-nationals and venture-backed startups, including most recently at Radius Worldwide.
He joins Managing Director Andy Jones, Moss Amer, Phil Jung and Arti Santhanam, who will continue to focus on Maryland-based early stage companies and support and engage the ecosystem of the entire Metropolitan DC region.
The fund is industry-agnostic.
The Maryland Venture Fund (MVF) Appoints Parag Sheth as Director and Chief Marketing Officer
Sheth is the Final Strategic Hire Tapped to Build Upon MVF’s New Vision
COLUMBIA, MD (PRWEB) SEPTEMBER 26, 2016
The Maryland Venture Fund today announced the final senior hire of its new management team, Parag Sheth. Parag brings to the table decades of sales, marketing, and business development experience at multi-nationals and venture-backed startups, including most recently at Radius Worldwide. After the Maryland Department of Commerce spun the Maryland Venture Fund (MVF) out to TEDCO in 2015, the Fund has been assembling a team that will provide more than just capital to the entrepreneurs with whom it partners. Sheth’s hire completes the initial phase of this plan.
“MVF is committed to the success and growth of the companies it supports, and that means building a team that is capable of understanding and responding to the unique challenges that entrepreneurs face,” stated Sheth. “I am excited to join a team with not only extensive operational and venture capital experience, but also the passion to go the extra mile for our entrepreneurs.”
Sheth joins Managing Director Andy Jones, Moss Amer, Phil Jung and Arti Santhanam who together are setting the refined strategy for investing opportunities. They will continue to focus on early stage Maryland-based companies, but will also support and engage the ecosystem of the entire Metropolitan DC region.
The change in management reflects a desire to actively support and engage high-growth companies that require more financing than angels can provide, but are capital-efficient enough to fundraise less than what traditional institutional funds seek to invest. The Fund is industry-agnostic, and is looking to back exceptional founders with a history of success.
“Parag and I have known each other for over 15 years,” stated Jones. “We have worked together twice, and made money for our investors in both of those ventures. We expect to deliver similar results working together for the third time. Parag has a phenomenal track record of delivering results and can assist our portfolio companies with pragmatic guidance.”