| CommonwealthPacific Ventures ("CPV") was formed in 1998 as a vehicle for evaluating, advising, and investing in early stage companies and real estate opportunities in New England and California. CPV is not a fund, rather is the private equity of its founders. As such, CPV often takes an active role in the companies in which it invests, providing mentoring and advice, and often a day-to-day role.
CPV will evaluate executive summaries of business plans in most fields, although our particular interests include life-sciences, energy and environment, web or mobile-based tools, and women-owned businesses. Interested entrepreneurs are encouraged to contact us.
To date, CPV has provided capital to 8 companies. Our portfolio is limited to no more than 3 or 4 companies at a time, with our "active" role targeted to no more than 2. CPV has provided both equity and lending to companies. Typically, each transaction is under $500,000 although we can raise up to $1 million through affiliated parties. The goal is to exit each company in a three to five year timeframe.
CPV's Principals are David Stoldt and Constance Wright. From 2005 until its sale in December 2007, Mr. Stoldt was President and CEO of nAscent BioSciences, a CPV funded start-up. In addition to the roles he has served for CPV companies since 2000, Mr. Stoldt previously spent 13 years in the investment banking field providing underwriting and financial advisory services to private companies and public agencies. He has been an elected official, coached youth sports, and has served on various boards of organizations, non-profits, and small companies. Mr. Stoldt received an MBA from Stanford, an MS from University of California, Berkeley and a BS in engineering from University of Illinois.
Through 2010 Constance S. Wright was a Managing Director with Accounting Management Solutions, a Boston-region financial services consulting company. Clients served typically include Fortune 500 companies with high-level needs. She was formerly the Director of the New England practice of Resources, a national publicly-traded (RECN) company providing interim support staffing for accounting and financial projects. Connie also serves as a board member of the Center for Women in Enterprise, a non-profit assisting business formation by women. She earned her CPA in 1987 and is a graduate of Stanford University.
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