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The Uncovered Podcast

David Martirano of PJC: The Evolution of Venture

March 22, 2022 PJC Season 3 Episode 6
The Uncovered Podcast
David Martirano of PJC: The Evolution of Venture
Info
The Uncovered Podcast
David Martirano of PJC: The Evolution of Venture
Mar 22, 2022 Season 3 Episode 6
PJC

Episode Summary:
In this episode of Season 3 of the “Entrepreneurial Side of VC” hosts Matt Hayes and Rob May speak with David Martirano, Managing Partner of PJC.  Tune in to learn more on his 20+ year career in venture and how its evolved over the years as well as the current trends within venture capital today. 

What is Uncovered:

  • The differences between raising capital for a VC fund versus a startup 
  • The ​​parallels between managing and running a venture fund and managing and running a startup as a CEO
  • The evolution of venture over a 20 year span from rising hedge fund activity in venture, to an increase in unicorn companies to the IPO market and SPACs
  • The J curve and David’s experience fundraising for funds II and III
  • Current key trends that are going to require venture capitalists to continue to adapt, grow and change 
  • Partnerships vs solo capitalists and the pros and cons of both 
  • PJC’s first-time founder focus and why it's been successful over the years 

Learn more about:

David Martirano:
 
David Martirano is the Managing Partner of PJC. David has extensive experience investing broadly in B2B SaaS, Consumer and Tech Enabled Service companies.

In 2001, David partnered with Governor Gina Raimondo, and together they founded Point Judith Capital in Rhode Island.  Point Judith Capital subsequently relocated to Boston in 2011 and later rebranded to PJC.  

Prior to PJC, David Co-founded Rex Capital Ventures, which was a venture division of a family office that invested in early stage technology companies around the world.  Before embarking on his 20-year venture capital experience, he worked on Wall street and was a member of the Investment Banking Group at Cowen & Company.  David sits on the Board of Trustees at the University of Rhode Island and the Investment Committee of Lifespan and has been actively involved with Year Up Rhode Island.

For fun David punishes himself by playing golf and working on his golf game (not well), in addition, to skiing and other outdoor activities with his kids. 

Connect with David on LinkedIn. 

PJC:
PJC is an early stage venture capital firm investing in innovative, high-growth companies that are building technology to disrupt the status quo. The firm seeks to be the first institutional capital deployed into a company and is focused on being a true partner to entrepreneurs as they drive their companies toward becoming industry leaders in their respective categories. The firm has invested in over 100 companies across North America including notable companies like Expensify, Nest, Blockfi, GetWellNetwork, Nexamp, and Yandex. PJC was founded in 2001 and is based in Boston, MA. For more information, visit http://www.pjc.vc.

This episode was recorded in September of 2021. 

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Show Notes

Episode Summary:
In this episode of Season 3 of the “Entrepreneurial Side of VC” hosts Matt Hayes and Rob May speak with David Martirano, Managing Partner of PJC.  Tune in to learn more on his 20+ year career in venture and how its evolved over the years as well as the current trends within venture capital today. 

What is Uncovered:

  • The differences between raising capital for a VC fund versus a startup 
  • The ​​parallels between managing and running a venture fund and managing and running a startup as a CEO
  • The evolution of venture over a 20 year span from rising hedge fund activity in venture, to an increase in unicorn companies to the IPO market and SPACs
  • The J curve and David’s experience fundraising for funds II and III
  • Current key trends that are going to require venture capitalists to continue to adapt, grow and change 
  • Partnerships vs solo capitalists and the pros and cons of both 
  • PJC’s first-time founder focus and why it's been successful over the years 

Learn more about:

David Martirano:
 
David Martirano is the Managing Partner of PJC. David has extensive experience investing broadly in B2B SaaS, Consumer and Tech Enabled Service companies.

In 2001, David partnered with Governor Gina Raimondo, and together they founded Point Judith Capital in Rhode Island.  Point Judith Capital subsequently relocated to Boston in 2011 and later rebranded to PJC.  

Prior to PJC, David Co-founded Rex Capital Ventures, which was a venture division of a family office that invested in early stage technology companies around the world.  Before embarking on his 20-year venture capital experience, he worked on Wall street and was a member of the Investment Banking Group at Cowen & Company.  David sits on the Board of Trustees at the University of Rhode Island and the Investment Committee of Lifespan and has been actively involved with Year Up Rhode Island.

For fun David punishes himself by playing golf and working on his golf game (not well), in addition, to skiing and other outdoor activities with his kids. 

Connect with David on LinkedIn. 

PJC:
PJC is an early stage venture capital firm investing in innovative, high-growth companies that are building technology to disrupt the status quo. The firm seeks to be the first institutional capital deployed into a company and is focused on being a true partner to entrepreneurs as they drive their companies toward becoming industry leaders in their respective categories. The firm has invested in over 100 companies across North America including notable companies like Expensify, Nest, Blockfi, GetWellNetwork, Nexamp, and Yandex. PJC was founded in 2001 and is based in Boston, MA. For more information, visit http://www.pjc.vc.

This episode was recorded in September of 2021.