Scott M. Sipprelle
|Republican candidate for
U.S. House of Representatives
November 2, 2010
|Opponent(s)||Rush Holt (D) Kenneth J. Cody (I)|
February 15, 1963 |
Santa Barbara, California, USA
|Children||Jessica; David; Steven|
|Residence||Princeton, New Jersey|
Scott Mills Sipprelle is a venture capitalist and was the 2010 Republican candidate for Congress in New Jersey's 12th congressional district. Sipprelle founded Westland Ventures, a Princeton-based investment firm, which helps emerging companies by providing growth capital.
Early life and education
Scott Sipprelle, the third of Dudley and Linda Sipprelle's four boys, was born in Santa Barbara, California where his father was a high school history teacher. Later, his parents joined the US Foreign Service and Scott spent much of his childhood living abroad, primarily in Latin America, Europe, and the Middle East.
In 2007 Sipprelle founded the investment firm, Westland Ventures. Westland Ventures provides growth capital for emerging companies. Westland Ventures has invested in many young companies, including BlogTalkRadio, Zhena's Gypsy Tea, Narragansett Brewing, and The Bank of Princeton.  Sipprelle has served as Chairman of the Advisory Board for The Bank of Princeton. In 2012 Sipprelle co-founded Innovation Garden, a Princeton-based incubator space for innovative start-up companies.
Previously, Sipprelle was a senior executive in the financial services industry. From 1985 to 1998 Sipprelle worked for Morgan Stanley, where, at 32, he became a managing director and came to head the firm’s Equity Capital Markets Division. He was responsible for managing the initial public offering process for many companies, including the landmark IPO of Netscape in 1994.
In 1998, Sipprelle left Morgan Stanley to found the investment firm Midtown Research, which subsequently became Copper Arch Capital. Sipprelle's firm gained notoriety for instigating a shareholder revolt against cronyism and mismanagement at Morgan Stanley that eventually toppled the CEO, Phil Purcell. After a decade of managing capital for endowments and foundations, Sipprelle closed his fund in November 2007, a few months before the global stock markets collapsed.
Early political career
Sipprelle first became interested in politics when, as a college student, he served as an intern for Senator Pete Wilson (R-CA). Sipprelle has been active as a Committee person in Princeton and Mercer County Republican politics.
2010 U.S. congressional campaign
On the night of January 13, 2010, Sipprelle announced his intention of running for the seat. Sipprelle promised to focus on “common-sense solutions” and to take back Washington from the career politicians. This was Sipprelle’s first run for political office, and in a statement he said, “I’m not running for Congress simply to be competitive or put up a good fight.” In a vow to be an independent voice on Capitol Hill Sipprelle said, “Frankly, any Congressman — of either party — who votes with his party boss 98 or 99 percent of the time is just a cog in the partisan machine that is tearing this country apart. He is not exercising wisdom, principle or good judgment, or putting his country first. You deserve better.”
Sipprelle was criticized later in January for his contribution to the congressional campaigns of Blue Dog Democrats Allen Boyd of Florida, Charlie Melancon of Louisiana, Heath Shuler of North Carolina, Baron Hill of Indiana, and Stephanie Herseth Sandlin of South Dakota.
The Sipprelle for Congress campaign website introduced Sipprelle’s “Blueprint for Renewal” which reads:
What I Believe: America is the greatest economic success story the world has ever seen. Our history proves, indisputably, that the most effective way to provide for the needs of our people is by embracing the principles of individual liberty, personal responsibility, and free markets. We need to reclaim the great American ideal of entrepreneurship and innovation and remove the chokehold of big government that is imperiling the vitality of our private sector. Only a prosperous society can be a compassionate one.
On November 2, 2010, buoyed by overwhelming support in the City of Trenton, six-term incumbent Rush Holt defeated Scott Sipprelle 53%-46%, with independent Kenneth J. Cody receiving 1%. The narrow margin of victory was notable given Holt's previous two Congressional races in 2008 and 2006 had resulted in landslide winning margins of 28% and 32% respectively. Holt's victory was marred by controversy after he made a claim, later disproved, that Sipprelle had influenced a local revaluation committee in Princeton to lower his property tax assessment.
Sipprelle married his college sweetheart Tracy. They are the parents of three children Jessica, David, and Stephen. Sipprelle and his family currently live in Princeton, New Jersey, United States.
In September 2009 Sipprelle published his first novel, The Golden Dog, a mystery set on Wall Street.
Sipprelle is the founder of the Sipprelle Charitable Corporation, where he and his wife Tracy have remained steadfast supporters of local philanthropic endeavors—especially those focused on education and self-reliance programs that combat poverty. The Sipprelle Foundation provided primary funding for the founding of Isles Community Enterprises, an organization centered on financial literacy and micro-lending in Trenton. Sipprelle frequently hosts fundraisers in his historic home, which was once owned by President Grover Cleveland.
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- Edge, Wally (January 13, 2010). "For Sipprelle, it's all about the benjamins". PolitickerNJ. Retrieved 2010-06-18.
- "About Scott". Scott Sipprelle for U.S. Congress web site. Retrieved 2010-06-17.[dead link]
- "BlogTalkRadio, Backed of Scott Sipprelle’s Westland Ventures, Nearly Closes on $2M". Citybizlist Philadelphia. Retrieved 2010-06-18.
- "Scott M. Sipprelle". Forbes.com. Retrieved 2010-06-18.
- "Scott Sipprelle: Executive Profile & Biography". Bloomberg.com. Retrieved 2010-06-18.
- Paul Tharp. "MORGAN STANLEY DREADS SCOTT". Retrieved October 26, 2012.
- "Reuters:Copper Arch Fund to Liquidate".
- "Busting Myths about Scott Sipprelle". Princeton Fox blog. May 2, 2010. Retrieved 2010-06-18.
- "Scott Sipprelle, Republican, announces challenge to U.S. Rep. Rush Holt, D-Hunterdon". The Express-Times. January 13, 2010. Retrieved 2010-06-17.
- |title= U.S. 1: Scott Sipprelle's Business Roots|
- Wealthy GOPer criticized for Dem donations (updated), Sean J. Miller, The Hill, January 21, 2010
- Donor Lookup OpenSecrets.org
- "Republican Rep. Leonard Lance, Democrat Tod Theise victors in New Jersey's 7th, 5th congressional districts; close race to face Rep. Rush Holt in 12th District". lehighvalleylive.com. June 9, 2010. Retrieved 2010-06-24.
- Matt Fair in The Trenton Times, October 25, 2010
- Dilyard, Katie (January 26, 2010). "Scott Sipprelle '85 Running for Congress". Hamilton College Alumni News & Notes. Retrieved 2010-06-17.
- "The Golden Dog (Paperback)". Amazon.com. Retrieved 2010-06-17.