Matchstick Ventures – The VC Formerly Known as Confluence Capital

Today is a big day. I’m excited to announce the the rebranding of the firm to Matchstick Ventures and the addition of some incredible people to our team.

Matchstick Ventures (formerly known as Confluence Capital) is a new fund that will continue to focus on investing in early-stage tech founders and their companies. Matchstick is proudly based in the Twin Cities and will continue to invest in MN tech startups that have a product and a customer. It will also target other strategic markets that have strong startup communities including Boulder/Denver, Chicago, Austin, and Kansas City.

I will continue to lead Matchstick, but am adding some incredible people to the team. Joining the advisory board are Seth Levine and Joy Lindsay. Seth is the co-founder of Foundry Group, an early-stage tech VC based in Boulder that has near $1B under management. Seth and Foundry Group have an impressive investment track record (See TechStars, Zynga, SendGrid, et al) and they share Matchstick’s bullish vision for the Twin Cities tech community. In fact, Foundry Group recently made investments in local startups LeadPages and BoomBoom Prints. Joy is one of the clear leaders in tech investments in Minnesota over the past couple of decades. Her leadership in StarTec Investments, Sofia Fund, Gopher Angels, MNVCA, and pretty much every other MN startup investment organization has pushed this market to new heights.

The Matchstick Tech Partners program adds some amazing depth to our roster. The collective experience and support these investors can provide to Matchstick, our startups, and the local startup community is massive. New Matchstick Tech Partners include Scott Burns (CEO & Co-Founder – GovDelivery), Daren Cotter (CEO & Founder – InboxDollars), Patrick Judge (Director – Farnam Street Financial), Tim Huebsch (General Mills), and Lisa Crump (Co-Founder – Stratasys). Additional Tech Partners will be announced as they join the team. In the meantime, Matchstick will begin sourcing deals and investing in companies via its existing network.

While the name has changed, the mission has not. Confluence Capital was created 18 months ago with a vision “to bring a fresh investment approach that is desperately needed in the Midwest. No suits & ties. No chest puffing. Just honest early-stage investments in awesome entrepreneurs.” 14 investments, 1 exit, and an unbelievable amount of coffee later, this still rings true. The Matchstick Ventures name more closely aligns with our mission of acting as a catalyst for our founders, our startups, and our startup community.

Someone once said, “Genius is talent set on fire by courage.” Matchstick wants to provide the spark for this courage. Collectively, we are fully invested in this vision and in the Twin Cities startup community.

Now, let’s get to work.

– Ryan Broshar

Posted on March 3, 2015 in Announcement, Matchstick

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