Cleveland, OH (PRWEB) September 26, 2009
Early Stage Partners is pleased to announce that Andrew McColm will be joining the firm as Managing Director effective October 26, 2009. Andrew, who will staff the firm's newly opened Ann Arbor office, was most recently Associate Director in the University of Michigan Office of Technology Transfer, responsible for formation of startup companies based on University of Michigan technology. During his tenure there, he was involved in the formation of over three dozen companies.
"Over the last few years, I have had the pleasure of working with a top technology transfer office and with many of the nation's leading venture capital firms," Andrew said. "It was a natural extension of those efforts for me to take a position with a venture capital firm. Surveying the landscape, I found that Early Stage Partners' philosophy of working with emerging companies was consistent with my own career interests and the team to be very experienced in early technology development," he said.
Jonathan Murray, Managing Director, Early Stage Partners commented, "We have been actively seeking investment opportunities and capital in Michigan for over two years. As part of our expansion plan, we knew that we had to have an experienced, respected person on the ground with good contacts among entrepreneurs and capital partners. During our planning process we were fortunate to meet Andrew and to get to know him. We are very pleased that he has agreed to join us."
The Early Stage Partners Michigan office will be at 201 South Main Street, Suite 900, Ann Arbor, MI 48104.
About Early Stage Partners LP (http://www.esplp.com):
Early Stage Partners is an early stage venture capital firm with offices in Cleveland, Ohio and Ann Arbor, Michigan. The company invests in promising opportunities in life sciences, technology, and cleantech. The company's principals have over one hundred years combined experience in early stage company formation and development, with a significant network of relationships throughout the United State that can be used to attract management, develop strategic partnerships, and provide later stage funding. ESP has $100 million in capital under management and is now investing from its second fund.