Episode 430 of The VentureFizz Podcast features Phil Beauregard, Managing Partner of Impellent Ventures.

I first met Phil back when Boston was going through another massive resurgence of growth following the financial crisis of 2008. It was a special time when local founders and investors banded together to help build and scale the Boston tech ecosystem. It was a movement that is reminiscent of what we are seeing today with the Mass AI Coalition. There was a major buzz in the air back then, and it worked, resulting in the launch of multiple successful companies, including two of Phil's own startups which were both acquired.

There is a phrase that Phil commonly uses, which is “why join the Navy when you can be a pirate” and I think it speaks volumes to his mentality and how they deploy capital at Impellent Ventures.

They don’t just simply follow the herd, especially when it comes to finding elite entrepreneurs. They are entirely location-agnostic and welcome working with exceptional founders who are tackling massive, real-world problems in emerging ecosystems... not just out in Silicon Valley.

Impellent Ventures is focused on making seed and pre-seed investments. The firm is led by Phil, David Brown (who previously appeared on Episode 190), and Tariq Trotter, aka Black Thought of The Roots, who serves as a General Partner at the firm.

In this episode of our podcast, we cover:

* A conversation around building startups outside of San Francisco, and why we are living through the "consumerization of the enterprise" era.

* The correlation between smaller fund sizes and investor returns.

* Phil’s background growing up in New Bedford and studying business at The Wharton School at UPenn, plus how he first caught the entrepreneurial bug and met his co-founder, Matt Grace.

* The inside story behind his two exits: Objective Logistics to Carbon Black and Rekindle to HubSpot.

* His transition from operator to investor at Impellent Ventures, plus all the details on their unique investment criteria, portfolio company examples, and how Tariq Trotter joined the firm.

* His role as an early advisor to multiple successful tech companies, including the critical advice that Toast luckily chose not to take.

* How Phil is leveraging AI to build his own Relationship Intelligence System, helping him scale his ability to "pay it forward" to the ecosystem.

* Plus, so much more!