Perhaps it is better to be great than to be understood. But E. Maurice Domengeaux, a managing director of Quantum Technology Ventures, is keen to clear up a misconception that he believes many in the storage industry have about his venture fund.
Domengeaux, who goes by "Maury," wants you to know that QTV is not your usual, conservative corporate investment group.
"People dismiss corporate investment funds as somehow being not smart money," he says. "But we function much more as an independent fund that happens to have a corporation as a partner."
With $70 million in capital, QTV is a relatively small player, compared with some of the larger technology-oriented VCs. And with less than two years under its belt, it's impossible to gauge QTV's track record. But clearly, it has the most concentrated focus on the storage industry of any other investment fund. QTV has invested a total of $30 million in 18 companies since its inception in March 2000, and 13 of those are storage or storage-related startups. Its portfolio includes 3ware Inc., Alacritech Inc., Confluence Networks, Nishan Systems Inc., and Rhapsody Networks.
Based in Santa Clara, Calif., QTV's sole limited partner today is Quantum Corp. (NYSE: DSS), a maker of tape drives and network-attached storage (NAS) devices.