You'd think these guys a real domestic side with past with investments in iNest (buyer rebates for new homes), VHT (formerly Video Home Tours), and Home Director (an IBM home networking spinout). Origin makes early-stage investments in front-end ecommerce, medical device companies, and biotechnology ventures. Their success of their first fund was driven by the sale of iNest's to Interactive Corp (IAC). Fund II has made it's first investment with a stake in Claimforce, an infrastructure to improve insurance claims handling.
Steve had various roles at office supply giant Quill (including overseeing ecommerce) before it was sold to Staples for $1B. He began as an angel investor, formed Origin and has been entrepreneurial in developing the funding community. Bruce has been CEO of APNS, Gynex Pharmaceuticals (sold to Savient Pharmaceuticals), Pharmatec (merged with Pharmos Corp) and Xtramedics (merged with Athena Medical Corp. in 1994) and is a seemingly recovered CPA.
Dimensions: 2 current/4 past cos x 6 years x $TBD fund size
Target Sectors: front-end ecommerce, medical devices, biotech
Target stage/size: early stage. $500K to $1MM
Location: Chicago [Northbrook] + www.originventures.com
