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Better Satellite World: Deep Diving from Space, Episode 4 - Space is Not Software


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In this Better Satellite World podcast series, we explore the exciting developments in space-based data analytics and the absolutely game-changing nature of this relatively new part of the industry. The fourth episode features a conversation with Mike Collett, Founder and Managing Partner of Promus Ventures and Joe Fargnoli, Co-Founder and Managing Partner of the New York Space Alliance and co-host of the monthly New York Space Business Roundtable alongside SSPI's Lou Zacharilla. Mike and Joe join Lou to talk about space-based data analytics and the role satellites play.

Mike Collett is Founder and Managing Partner of Promus Ventures. Since its inception in 2012, Promus Ventures invests in DeepTech early-stage startups, with offices in Chicago, San Francisco and Luxembourg. Mike has been a venture capital investor for over 20 years. Mike has invested in over 100 startups, including Rocket Lab, AngelList, Whoop, Mapbox, ICEYE, Bellabeat, FLYR, Kensho, Swift Navigation, Spire Global and others.

Prior to Promus Ventures, Mike was Founder and Managing Partner of Masters Capital Nanotechnology Fund, a venture capital firm. While working at Masters Capital, a hedge fund, Mike invested in software and hardware startups. Prior to venture capital, Mike was a Vice President in Merrill Lynch’s Mergers & Acquisitions group.

Mike holds a BA in Math and BA in English from Vanderbilt University. He also holds a MBA in Finance from Washington University in St. Louis. Mike and his wife Paige have four children and live in Chicago.

Joe Fargnoli is one of the co-founders of the New York Space Alliance (NYSA), a Public Benefit Corporation focused on bringing the immense and diverse resources of New York City and State to the New Space Economy. NYSA offers programs in tactical entrepreneurship such as an accelerator, a bootcamp in conjunction with Founder’s Institute and a Hacking for Space Program in development as well as an online Innovation Exchange community connecting the many different space impacting industries with the New Space Economy. He also serves as a Solutions Architect for Raytheon Intelligence & Space and SMA, Inc. and Managing Partner for both NYSA and Innovation Acceleration Capital in Rochester, New York.

Together with SSPI, Joe co-founded the New York Space Business Roundtable, a monthly dialogue and real New York style conversation about the space & satellite industry and its many facets, including where the investments are going. January's edition of the New York Space Business Roundtable - 2024: What We Want! - is coming up later this week on Wednesday, January 17. You can learn more and register for the Roundtable on SSPI's website.

His previous career background includes Northrop Grumman Electronic Sensors and Systems group working on both National Electro-Optical as well as SAR system and Kodak/ITT/Exelis/Harris with focus on National and Commercial systems.  He also served as a Technical Fellow within the NRO. Joe holds an MS in Optics from the University of Rochester, an MS in Telecommunications and Computers from the George Washington University a BS in Mathematics and MS degree in Electrical Engineering from The State University of New York.

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