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Matt Fates
General Partner

EXPERIENCE

Matt has worked with emerging technology companies since 1996, including the last 16 years at Ascent. Matt was attracted to venture capital because it enables him to work closely with management teams over numerous years, developing strong relationships and building dynamic companies. He also loves seeing challenging problems solved by creative people leveraging new technology. At Ascent, Matt has focused on investments in data analytics (Interactive Supercomputing – acquired by Microsoft and Cymfony – acquired by TNS), business SaaS (StrikeIron – acquired by Informatica, Promoboxx and Connected2Fiber) and security (Fidelis – acquired by General Dynamics, PerspecSys – acquired by Blue Coat Systems and CPX Security).

Prior to Ascent, Matt was on the team at Norwest Venture Partners, where he worked on enterprise technology venture investments such as Broadband Access Systems (acquired by ADC Telecom), Gold Wire Technology (acquired by Intelliden), and COSpace (acquired by InterNAP).  Prior to Norwest, Matt worked at Alex Brown & Sons, a leading technology investment bank, where he helped execute both IPO and M&A transactions, supporting companies such as BBN, CIENA, DSET, RSA Security and SwitchBoard.com.

EDUCATION

Matt was a double major in computer science and economics at Yale University where he was also captain of the rugby team. He later earned an MBA from the Tuck School of Business at Dartmouth (Tuck Scholar).

LIFE OUTSIDE WORK

Matt is a natural competitor. He ran his first marathon in college, has completed the Boston Marathon 11 times, and competes as an ‘age-grouper’ in numerous triathlons including a number of Ironman events. He is also an avid skier, a pilot and a father of four who are the frequent target of his interest in photography. Matt is passionate about education, particularly science and engineering, believing it is the key to solving many of the world’s problems. Matt has served as a member of the board of overseers at the Museum of Science and is on the board of a charter school (KIPP Massachusetts).  He and his family live north of Boston.

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