Founded in late 2009, Magnolia Ventures is primarily a seed-stage and early-stage venture capital fund. We invest in top entrepreneurial teams with great concepts, a need for advisory services and seed capital.
We have a track record of advising successful teams in the earliest days of founding. With our assistance, their ideas are turned into great companies that often revolutionize their industries. Magnolia believes it is crucial to have partners with experience starting and running entrepreneurial companies.
Our team’s experience and professional networks allows us to give entrepreneurs superior tactical and strategic guidance for long-term growth.
The characteristics of the companies we invest in are:
- Creating or leveraging disruptive technologies and solutions to change existing markets
- Looking for operational, sales and marketing advice from seasoned entrepreneurs
- Searching to utilize our expertise, experience and relationships
- Models that present clear paths to profitability and / or liquidity solutions
- Headquartered in United States and/or Europe
We seed concepts from $50,000 to $1,000,000 and often invest alongside angel investors and other venture funds.
Philip Reicherz founded Magnolia Ventures in November 2009 and became its Managing Partner in January 2011. Magnolia Ventures is an opportunistic venture capital fund that looks to invest in top entrepreneurial teams with great concepts and a need for advisory services and capital. With their partner’s assistance, entrepreneurs’ ideas are turned into great companies with plans to revolutionize their industries.
From January 2005 through January 2011, he was a Partner at SecondMarket, Inc. SecondMarket has streamlined the historically inefficient process for buying and selling alternative investments by connecting buyers directly with sellers and providing world-class market and operations expertise. Philip helped build out their network of more than 50,000 accredited individuals and institutions and assisted the firm complete billions of dollars in privately negotiated transactions.
From May 2002 through January 2005, he was the East Coast Sales Manager for the CEFS division of UBS Financial Services, LLC. From September 1997 through May 2001, Mr. Reicherz was the Head of the Online Executive Services Group at Credit Suisse. From September 1995 through September 1997, he was a Single Stock Risk Management Analyst at Smith Barney. He received his B.S. from the University of Rhode Island. He holds his Series 7, 24, 63 and 79 licenses. He was the Chairman of the SecondMarket’s Risk Management Committee and member of the UBS Financial Services Inc. / NFLPA Investment Advisor Committee.
Public Company; 10,001+ employees; MS; Financial Services industry
September 1995 – September 1997 (2 years 1 month)
Guided corporate executives with single stock risk management
Assisted with daily maintenance of existing accounts
Produced financial models, projections and cash flow schedules for existing accounts
1991 – 1995