Kyle
(photo: saturnasset.com)
Massachusetts has a new candidate for the Governor’s Mansion. The Sentinel Enterprise reported on Monday that Saturn Partners founding partner Jeffrey McCormick has filed papers to run for government as an independent candidate.
McCormick founded venture capital firm Saturn Partners in 1994 to support early stage growth companies. Their portfolio boasts 35 companies that are still active. Crunchbase reports that the firm’s latest startup investment was Oregon-based Chirpify, a company that facilitates financial transactions via Twitter. Saturn participated in Chirpify’s $6 million dollar series A raise back in July.
McCormick’s firm has a reputation of being hands-on in a good way. According to many online sources, including some of the companies that they’ve supported, Saturn lends their expertise in developing companies in a strategic partnership tied to their investment.
As for the governor’s race, politics is no stranger to startups. Techstars co-founder Jared Polis is a congressman from Boulder who uses his background in startups and investment to help champion legislation that will spur the economy through startups and small businesses.
In fact, McCormick isn’t the only candidate with ties to venture capital. The only Republican candidate at the moment, Charlie Baker, is part of the venture capital firm General Catalyst.
On the Democratic side McCormick is facing off against Attorney General Martha Coakley, Treasurer Steven Grossman, former Obama administration Medicare and Medicaid chief Donald Berwick, biotechnology executive Joseph Avellone, former state and federal homeland security advisor Juliette Kayyem and Sen. Daniel Wolf.