Verizon Ventures Fact Sheet
About Verizon Ventures
Verizon Ventures seeks and invests in promising entrepreneurial companies to drive innovation in Verizon Communications. Verizon Ventures’ portfolio focuses on new products, technologies, applications and services that complement Verizon networks, service platforms and distribution channels. Deal size ranges from seed capital to $5 million depending on the needs and opportunities. Verizon Ventures often co-invests with other venture firms and strategic partners. It undertakes an in-depth due diligence process and typically requires board observer rights.
The goal is to find promising opportunities to grow great entrepreneurial businesses by looking for:
- Disruptive technologies or business models
- Great new ideas
- Potential to capture significant share in a large addressable market
- Talented and experienced entrepreneurs
Relationship with Verizon
Verizon Ventures works with its portfolio companies to engage with Verizon’s internal resources to foster technology and product development as well as market planning and sales support. Among the key Verizon initiatives and strategies supported by this investment activity are:
Since 1990 Verizon Ventures has invested in more than two dozen companies covering a range of industries, technologies and market segments. Among these companies are:
Meet the Verizon Ventures Team
Daniel Keoppel, executive director
Keoppel has been with Verizon and its predecessor companies, Bell Atlantic and NYNEX, for 14 years. For the last 10 years, he has been leading Verizon’s venture investment program.
Previously, he worked at AT&T in its mergers and acquisitions department, was controller to AT&T Ventures Corporation, and held various finance positions with Lucent (then AT&T) Consumer Products.
He received his B.S. degree from Rutgers University and his MBA from Fairleigh Dickinson University. He is based in Basking Ridge, N.J.
Mark Smith, executive director
Smith joined Verizon from Lehman Brothers, and he has worked on some of the industry’s most transformational M&A deals. He has been involved in strategy formulation, business development, deal negotiation and due diligence. Previously, he was a CPA with Deloitte & Touche. He received his B.A. from the University of Michigan and an MBA from New York University. He is based in Palo Alto, Calif.
Michelle Russey McCarthy, director
McCarthy has been with Verizon and its predecessor company GTE since 1995. She previously headed acquisitions and asset management of a large portfolio of tax credit investments and, prior to that, was involved in corporate strategy formulation and domestic and international business development.
She received a B.A. degree from American University and an MBA degree from Georgetown University. She is based in New York City.
Jeffrey Black, director
Black joined Verizon in 2009 and has been involved in numerous M&A and strategic investment transactions. Before joining Verizon, he worked in investment banking at J.P. Morgan, structuring debt, equity and M&A transactions. Prior to J.P. Morgan, he worked in the corporate finance department at Delta Air Lines.
He received a B.S. in business administration from the University of North Carolina at Chapel Hill and an MBA from the Goizueta Business School at Emory University. He is based in Basking Ridge, N.J.
Bob Varettoni, 908-559-6388