NEW YORK, Nov. 29, 2018 /PRNewswire/ -- Seed- and
early-stage venture capital firm Differential Ventures recently
announced the addition of David
Magerman, former research scientist and head of production
at hedge fund management firm Renaissance Technologies, as managing
partner. Magerman joins current managing partners Nick Adams and Alex
Katz.
Magerman's addition to the Differential Ventures leadership team
strengthens the firm's existing skillset, which includes years of
venture capital investing and operational leadership in successful
technology companies, as well as deep technology and quantitative
experience gained from a managing role at a leading hedge fund.
"At our core, we believe that the combination of capital,
innovation and experience are the key ingredients to a successful
seed-stage fund, just as they are key to the success of our
portfolio companies," said Adams. "With his experience from
Renaissance Technology and his Ph.D. in Computer Science from
Stanford University, David will add
depth to our ability to evaluate potential investments and add
perspective in our work with our portfolio companies to accelerate
and expand their growth trajectories."
"Whether building our portfolio or our team, we seek out
individuals who are substantially better and more knowledgeable
than ourselves in specific areas," added Katz. "I have been
remarkably fortunate to find talented teammates and co-founders who
I respect and am thrilled to be working alongside."
Other Differential Ventures team members include: Mitchell Kleinhandler, a venture partner in
New York with deep experience as a
venture capital investor and business operator; Richard Fong, a venture partner in Hong Kong, who is a business operator and an
adviser to Y-Combinator; and, Han
Jing, an associate in New
York, who has experience with Walmart Labs, a bachelor's
degree from UC Berkeley and master's degrees from University of Chicago Booth School of Business,
Cornell University, and the
University of Oxford.
"What immediately drew me to partnering with Alex and Nick was
our collective ability to look at companies in a holistic manner,"
said Magerman. "Whether evaluating a potential investment or adding
support to one of our portfolio companies, this leadership team can
quickly identify an opportunity and work to resolve issues that
arise in the journey of running a company."
Differential Ventures invests in "the future of data" enterprise
technology solutions, specifically the collection, analysis and
security of the record amounts of data collected each day. Target
sectors include Enterprise SaaS, Artificial Intelligence, Machine
Learning, Sensory Systems, FinTech and Cybersecurity. Current
portfolio companies are located in the
United States, Canada,
Europe, Israel, India, Hong
Kong and China. For more
information, visit www.differential.vc.
About Differential Ventures
Differential Ventures
invests in early-stage companies that deploy new enterprise
solutions to automate, analyze, act-upon and secure the massive
amounts of data being created each day. There is a gap in
early-stage funding from institutional VCs that can add significant
value to startups beyond just capital. Differential Ventures is
uniquely positioned to be the first check-in to a company and to
help scale portfolio companies to the next stage of growth. As
operators, Differential Ventures partners have been leaders across
product, sales, marketing, legal, accounting and finance. For more
information, visit www.differential.vc.
Press Contact: Veronica
Roman
Co-Communications Inc.
vroman@cocommunications.com
914-666-0066
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SOURCE Differential Ventures