New VC firm highlights importance of mentors

Jamie Goldstein, founder of Pillar VC, is one of dozens of VCs in the Boston area to whom I’ve pitched. His new firm is written up in the article on BostInno In Its First 8 Months, Pillar VC Invested in 10 Startups — and They’re Mostly Local by Dylan Martin .

I found this quote from Jamie Goldstein intriguing:

 We’re seeing results across the board, as our co-founders partner with our portfolio founders as mentors, board members, strategic advisors, and customers…”

Interesting that mentors are listed first! But then Pillar strikes me as a very different and new breed of VC, for example, they are using only common stock, unlike virtually every other VC firm that insists on preferred stock. This should help increase the alignment between Pillar and its portfolio companies.

It will be interesting to see how the role of mentors plays out over time in this new firm.

Author: Mentorphile

Mentor, coach, and advisor to entrepreneurs, small businesses, and non-profit organizations. General manager with significant experience in both for-profit and non-profit organizations. Focus on media and information. On founding team of four venture-backed companies. Currently Chairman of Popsleuth, Inc., maker of the Endorfyn app for keeping fans updated on new stuff from their favorite artists. View all posts by Mentorphile