Matrix Partners Expands East Coast Team, Adds Antonio Rodriguez in Boston and Opens NY OfficeMarch 16, 2010
WALTHAM, Mass.—(BUSINESS WIRE)—Matrix Partners, a premier venture capital firm with a 30-year history, today announced a new partner in the Boston office and the opening of an office in New York City.
Antonio Rodriguez, consumer technology entrepreneur, will join the firm as general partner. Most recently, Rodriguez was CTO of HP’s Consumer Imaging and Printing division where he led a wide array of projects in the areas of mass customization, e-reading, mobile platforms, and next generation web technologies for content consumption. Rodriguez joined HP through the acquisition of Tabblo, where he was founder and CEO.
“Having worked with Antonio when he founded and grew Tabblo, we know he brings great entrepreneurial experience and deep consumer technology expertise to the team,” says Timothy Barrows, Managing Partner of Matrix Partners.
In his new role at Matrix Partners, Rodriguez will be investing in young companies across a range of sectors including consumer Internet, mobile, software, and Internet infrastructure.
“Matrix clearly has an incredible track record of making outstanding investments over many decades in the constantly changing world of technology. But more importantly, as a first-time CEO backed by Matrix, I got to experience the firm’s culture and values from the most important perspective— that of the entrepreneur. And because of that experience, I couldn’t imagine a better team to join in the venture business,” says Rodriguez.
MATRIX NEW YORK OFFICE OPENED BY NICK BEIM
In addition to adding Rodriguez to the Matrix team in Boston, Matrix Partners has also opened a new office in New York that will be headed by general partner, Nick Beim.
“There is a very vibrant startup community in New York,” says Beim. “We’ve been increasingly active in New York over the past six years and continue to be impressed by the caliber of entrepreneurial talent here.” Matrix Partners’ investments in New York include the Gilt Groupe, TheLadders.com, Intent Media and Conductor.
“New York is a leader in many industries that are being transformed by the Internet, including media, advertising, retail, recruiting and financial services,” says Beim. “Some of the most promising Internet startups in these industries are based in New York. I think New York will become an increasingly prominent hub of Internet innovation over the next 10 years as this transformation continues.”
“Nick and Matrix Partners have been instrumental in nurturing and promoting the startup eco-system in New York, so I’m very excited that they are establishing an office here to further their work,” says Kevin Ryan, co-founder and Chairman of Gilt Groupe.
“We have been fortunate to work with some extraordinary entrepreneurs in New York and are eager to establish a greater presence there,” says Timothy Barrows. “With the addition of Antonio in Boston and the opening of a new office in New York, Matrix Partners is strengthening our commitment to entrepreneurship on the east coast.”
About Matrix Partners:
Matrix Partners is a premier venture capital firm that has generated outstanding returns for over three decades. The firm has delivered several of the industry’s top performing funds of all time. Matrix Partners has offices in Waltham, MA; New York, NY; Palo Alto, CA; Mumbai, India; and Beijing and Shanghai, China. The firm has been fortunate to have invested in game-changing, industry-leading businesses such as Apple Computer, Sandisk, Veritas, Sycamore Networks, Phone.com, Starent Networks, JBoss and Gilt Groupe.