Thursday, January 20, 2011

Boston Angel Series: Bantam Group

The Angel investor community here in the Boston area is growing and the newest players like Roy Rodenstein , David Cancel   and Dharmesh Shah  are getting well deserved press and visibility.

But there are some established and accomplished Angel investors here with perhaps a lower profile but an even more impressive track record.

Joe Caruso of Bantam Group has been investing in local startups for the past 20 years. One look at the Bantam Group investments below and you will see that Joe knows how to pick winners.


His investments have included Constant Contact( IPO), many acquisitions, a couple companies bought by Microsoft, Carbonite (IPO candidate 2011) and two of the hottest Cambridge startups, Hubspot and

But what is most interesting to me is the newest crop of companies like Localytics, Dexrex and Marginize that were seeded by Bantam. This is one Boston angel that is not afraid to invest in web and mobile startups.

Not only is Joe an investor, he is entrepreneur friendly and provides CEO mentorship and coaching, with glowing testimonials from some of the areas best founders to attest to the value of his involvement.

That value comes in all forms. The Bantam web site states, the mentorship may include; "The occasional "wake up call", whack on the side of the head, or forceful listening session."

As an example of how he operates, on our first encounter with Joe at an MTLC unconference, he was generously suggesting people we should meet (and he pretty much knows everyone), within the first 5 minutes of hearing what we were working on.

At the community level Joe created Boston Region Entrepreneur Week BREW to celebrate and shine a
spotlight on the entrepreneurial spirit in Boston.

In summary, Bantam Group may be our best example of an active and successful consumer web investor. If you are an entrepreneur in Boston and will seek seed funding at some point, you will be well served to receive it from Bantam Group.

If you are interested in the portfolios of other Boston Angel groups, check out Lead Dog Ventures. We just updated it with the new widget so you can link into and explore any company.

PS:  We just released the company graph widget as an embed button on our CompanyDetails page. Just click the button and cut and paste the script to have a live/dynamic graph of any company or investor in the talentGraphz database.


  1. Joe is a rock star. He's frank, straightforward, honest, polite, humble, and CLEARLY a talented investor. He's a gem of the community in MA.

  2. Tom - I think your oauth is bust'd.

    123testing = Shawn Broderick!

  3. Agree with Shawn. While that graph is amazing, what's even more amazing that it's not even complete. I know Incentive Targeting is a company Joe's invested in, for instance, and I'm sure there are others. One prodigious and accomplished investor. Now, if we can just get that same output out of a blog so we angels can benefit from his knowledge like his portfolio companies!

  4. Thanks Ty,

    guess it would make sense to have an up to date graph if I am going to call attention to it. ;-)

    Incentive Targeting has been added, and it is a good demonstration of how the widget is dynamic and reflects all changes as they are made.