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Jeffrey S. McCormick
McCormick Photo
Born
Jeffrey S. McCormick

October 30, 1961
Harrisburg, Pennsylvania
Alma materSyracuse University
Martin J. Whitman School of Management
Political partyIndependent (politician)
SpouseChristine McCormick

Jeffrey S. McCormick (born October 30, 1961) is an American businessman and an Independent candidate for governor in the Massachusetts gubernatorial election, 2014.[1][2] [3]

In 1993, McCormick founded Saturn Partners, formerly Saturn Asset Management, a Boston based venture capital firm that focuses on financing early-stage growth companies. Some of Saturn’s successful investments include Constant Contact, Boston Duck Tours, and Twin Rivers Technologies. [4]

McCormick was an All American lacrosse player while studying at Syracuse University. Elected captain during his senior season, he led the Orangemen to defeat Johns Hopkins University in the 1983 NCAA Division I Men's Lacrosse Championship.[5]

Early Life and Education

McCormick was born in Harrisburg, Pennsylvania, to Leneta (nee Lippert) and James McCormick. In a campaign speech Jeff McCormick said he grew up “in a modest home in a blue collar neighborhood... We had a room for cooking, a room for playing games, a room for doing homework, and one for cutting hair. We called it our kitchen.” He is the third of four siblings. [6] [7]

McCormick graduated from Syracuse University with a BS in Biology (1983), studied molecular genetics for two years, and received an MBA in Finance (1986) from the Martin J. Whitman School of Management at Syracuse University. [8]

Lacrosse Career

McCormick was an All-American lacrosse player at Syracuse University. As a senior, McCormick, the team captain, helped lead the Syracuse Orangemen to win the 1983 NCAA Division I Men's Lacrosse Championship. Prior to Syracuse, McCormick was a New York state section III All-American defenseman from West Genesee High School in 1979. [9]

McCormick served as Executive Producer for Crooked Arrows, a film about a Native American lacrosse team in Upstate New York. [10] The Boston Herald cited that the film "missed the mark" much due to the film's poor box office ratings. [11] [12]

Professional Career

In 1993, McCormick founded Saturn Asset Management, later changed to Saturn Partners, a venture capital firm in Boston. Saturn Partners helped finance and grow early-stage innovative companies with groundbreaking technologies. McCormick was the first major investor in some of the country’s largest companies in diverse industries such as biofuels, e-commerce, internet marketing software, and biotechnology. [13] [14] [15] Since founding in 1993, "Saturn has invested a total of $160 million and returned $1.1 billion." Boston Business Journal cited Saturn Partners mere investment mistake was in Moobella, a Taunton company that produces make-your-own ice cream machines. [16]

Prior to founding Saturn, McCormick was with Bariston Associates, Inc., a Boston firm that originated and managed investments for individual and institutional clients, predominantly in telecommunications. At Bariston, he was an acquisition and syndication specialist. [17]

Gubernatorial Election

In October of 2013, McCormick filed papers to run for Governor of Massachusetts, as an independent. In a press release, McCormick said "an independent, solutions-oriented governor could bring a new spirit to Beacon Hill, and help make Massachusetts the leading state for opportunity and quality of life." McCormick concluded, "We can no longer sit on the sidelines and hope the answer will come solely from politicians of either party. We have to bet on ourselves, and become part of the solution." [18] [19]

Massachusetts journalists have thus far dismissed the chances for a third party candidate to win. David Bernstein, of Boston Magazine writes: "Jeffrey McCormick could be a different story. Way too early to tell, but worth keeping an eye on.....Now, let’s be clear: Barring something freakish, he’s not going to actually win. The major party nominees are both going to be serious, qualified, skilled politicians without major flaws, and that’s not a recipe for a third-party success."[20]

Personal Life

A Boston resident, McCormick and his wife, Christine, have three children. He has been co-chair of Bostonians for Youth and is a founding board member and lead sponsor of the Sean McDonough Charity for Children; both serving the needs of at-risk youth. He is a Vice-Chair of the CitiCenter for Performing Arts and an Overseer of the Isabella Stewart Gardner Museum. [21] [22] [23] [24]

References

  1. ^ "Saturn Partners- History". Retrieved 13 January 2014.
  2. ^ "About Jeff". Retrieved 13 January 2014.
  3. ^ Bernstein, David. "Q&A #1: The Other Massachusetts Gubernatorial Candidates". Boston Magazine. Retrieved January 10, 2014.
  4. ^ "History". Saturn Partners. Retrieved 13 January 2014.
  5. ^ "1983 NCAA Men's Lacrosse National Championship 1". YouTube. Retrieved 13 January 2014.
  6. ^ McCormick, Jeff. "JMac Speech Clip". Retrieved 13 January 2014.
  7. ^ "About Jeff". Jeff McCormick for Governor. Retrieved 13 January 2014.
  8. ^ "Jeffrey McCormick". Linkedin. Retrieved 13 January 2014.
  9. ^ "Former Syracuse star Jeff McCormick named Executive Producer of Crooked Arrows movie". Inside Lacrosse. Retrieved 13 January 2014.
  10. ^ "About".
  11. ^ Fee, Gayle. "Gov hopeful's indie flick missed the mark". Boston Herald. Retrieved November 21, 2013.
  12. ^ "Former Syracuse star Jeff McCormick named Executive Producer of Crooked Arrows movie".
  13. ^ "Saturn Partners". Retrieved 13 January 2014.
  14. ^ Alspach, Kyle. "Low-profile Saturn Partners aims for $75M third VC fund". Retrieved 13 January 2014.
  15. ^ "Company Overview of Saturn Partners". Businessweek. Retrieved 13 January 2014.
  16. ^ Alspach, Kyle. "Low-profile Saturn Partners aims for $75M third VC fund". Retrieved 13 January 2014.
  17. ^ "Jeffrey S. McCormick Managing Partner". Retrieved 13 January 2014.
  18. ^ Murphy, Matt. "Jeffrey McCormick of Boston jumps into Massachusetts governors race as independent candidate". State House News Service. Retrieved 13 January 2014.
  19. ^ Donnelly, George. "Boston venture investor weighs run for governor as an independent". Boston Business Journal. Retrieved 13 January 2014.
  20. ^ Bernstein, David. "Q&A #1: The Other Massachusetts Gubernatorial Candidates". Boston Magazine. Retrieved 13 January 2014.
  21. ^ "Officers Of The Corporation".
  22. ^ "About Jeff McCormick". Retrieved 13 January 2014.
  23. ^ Murphy, Matt. "Jeffrey McCormick of Boston jumps into Massachusetts governors race as independent candidate". Retrieved October 13, 2013.
  24. ^ Bernstein, David. "Q&A #1: The Other Massachusetts Gubernatorial Candidates". Retrieved 13 January 2014.

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