Next Coast Ventures Adds Two Technology Venture Partners and its First Entrepreneur in Residence

Adam Salamon, Entrepreneur in Residence at New Coast Ventures , courtesy photo

Next Coast Ventures announced Wednesday that it is has added two technology venture partners and its first entrepreneur in residence.

The Austin-based venture capital firm has added Paul Rogers and Jim Dunham as Technology Venture Partners, which will serve as mentors to the firm’s tech entrepreneurs in its portfolio and advisers to the fund’s leadership.

Next Coast has also hired Adam Salamon as its first Entrepreneur in Residence.

“All of them have been working with us,” said Mike Smerklo, co-founder and managing director of Next Coast Ventures.

The addition of the team members helps Next Coast Ventures attract and support the best entrepreneurs, he said.

The additional staff speaks to Next Coast Ventures’ mantra of “built by entrepreneurs for entrepreneurs,” Smerklo said. It is a firm focused on company building, he said.

“I always wished there were resources like this when I was an entrepreneur,” he said.

Jim Dunham, Technology Venture Partner with Next Coast Ventures, courtesy photo.

Dunham, with more than 25 years experience, recently served as president of cloud and business intelligence at ServiceSource, a San Francisco-based software company.

Paul Rogers, Technology Venture Partner with Next Coast Ventures.

Rogers has worked at Google and currently serves as chief technology officer of New York-based Namely Inc., a human resources data platform. He also formerly served as chief technology officer at Austin-based RetailMeNot and vice president of engineering and operation at Austin-based Bazaarvoice.

Salamon most recently served as founder and chief operating officer of Perk Inc., a rewards and engagement platform that went public on the Toronto Stock Exchange. RhythmOne PLC acquired Perk earlier this year.

“Adam is a great entrepreneur,” Smerklo said. Venture capital firms often bring on seasoned entrepreneurs in the entrepreneur in residence role to help evaluate deals and assist current entrepreneurs in its portfolio. The timing was right because Salamon recently sold his company and he was in the process of figuring out what to do next, Smerklo said.

Next Coast Ventures now has five employees and it recently moved into its new headquarters, an old house which the firm remodeled at 12th and Nueces.

In March of this year, Zeynep Young, an Austin entrepreneur, and former foundation director joined as a venture capital partner. That same month, Next Coast Ventures closed on its $85 million fund.

Next Coast Ventures has invested in nine companies so far including Scale Factor, LeanDNA, Umuse, Dropoff, OnRamp, and PHLUR. Its other investments include Clarity Money, based in New York, Cloverpop, based in San Francisco and Brava, based in Redwood City, Calif.

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