The Eniac General Partners collectively have more than 60 years of operating and investing experience in information technology with an emphasis on mobile. The team has assembled a powerful network of relationships with participants in the mobile ecosystem including carriers, content providers, handset manufacturers, entrepreneurs and investors. Eniac Ventures’ network provides proprietary access to deal flow, due diligence, portfolio management and exit opportunities.
We back exceptional founders with a strong product oriented mindset who are looking to build a large, sustainable enterprise. We require a technical co-founder to ensure the company’s ability to rapidly iterate on its quest for product market fit. We have to be convinced that the founders are in the business for the enduring process it takes to go from a startup to a hyper growth, world-changing enterprise. The key characteristic we look for is grit – the ability to forge through the inevitable painful cycles to becoming a dominant market player.
We invest up to $1M at the seed stage and have the capital capacity for follow on investments. We will invest pre-launch, but very rarely do we invest before something is built with early usage data. We work tirelessly to get our companies to the next major milestone and we want to ensure that the team can execute on building the core team and product.
As the first mobile-focused independent seed stage fund, we have a deep understanding of the mobile ecosystem. Our portfolio network of over 60+ companies has created meaningful synergies for mobile first startups, leveraging constant connectivity to the Internet beyond simply a mobile app. This includes consumer and business facing applications and platforms as well as devices such as smartphones, tablets, wearables, and the Internet of things. We will know if you are mobile first before taking a first meeting.
WHO WE ARE
Eniac Ventures is the first independent seed stage venture firm investing exclusively in mobile technologies. Eniac Ventures was founded in 2009 on the belief that the greatest technological catalyst of our time is the proliferation of Internet-enabled devices providing constant connectivity to the majority of the world population. Eniac Ventures is named after the world’s first computer developed at the University of Pennsylvania’s School of Engineering, where the four general partners met in 1996. We are serial entrepreneurs and operators with over 60 years of combined experience in the mobile software space. We have advised and invested in 150+ mobile software startups.
Hadley has been actively working at the intersection of business and technology for 15 years.
Before Eniac, Hadley was a two-time entrepreneur in the mobile technology space. From 2007-2011 he was an executive at Vlingo, acquired by Nuance Communications for $225,000,000, where he held the roles of Head of Business & Market Strategy and Vice President of Marketing. At Vlingo, Hadley was responsible for the firm’s user acquisition and monetization. In the early years Hadley also lead Vlingo’s efforts in business development and finance. After Vlingo he became CMO of Thumb, a mobile social platform that boasted the 2nd highest user engagement next to Facebook. At Thumb he was responsible for all of the company’s marketing and business development activities until they were acquired in spring of 2012 by Ypulse. Before heading to Vlingo, Hadley worked at Charles River Ventures where he spent time helping with mobile investments while looking for a young startup to join. Prior to that, Hadley held a variety of roles including Corporate Strategy for Samsung and Product Management at Microsoft. He began his career as a software developer and engineering team manager for Pegasystems.
Hadley is a noted expert in the mobile space having been quoted or profiled in Forbes, TechCrunch, VentureBeat, GigaOm, Business Insider, MIT Technology Review and interviewed on Fox Business News. He was also named New York’s Best Early Stage Investors by Business Insider.
Hadley holds an MBA from The Wharton School at the University of Pennsylvania and a Bachelors of Science in Engineering from the University of Pennsylvania.
Nihal is a noted expert in the emerging adoption of mobile technologies for media properties and consumer brands. He has over 15 years experience in marketing technologies through founding five startups and investing in 100+ since 1999. Prior to Eniac, Nihal co-founded LocalResponse, Inc. (now Qualia Media), which makes ads more relevant from social signals, which he pivoted from buzzd, the first mobile real-time city guide. As the Founding CEO, Nihal grew LocalResponse’s revenues 2153% over a three year period, which placed the company to #204 (#14 in NYC) to the 2014 Inc. 5000′s Fastest Growing Companies and #67 to the 2013 Forbes list of America’s Most Promising Companies. Prior to LocalResponse, Nihal founded ipsh!, one of the first full-service mobile marketing agencies in 2001, which was acquired by Omnicom (NYSE: OMC) in 2005. Nihal’s investment portfolio includes Admob (sold to Google), HotelTonight, Tapad, and Uber. In 2013, Nihal Mehta was named a semi-finalist for “Entrepreneur of the Year” by Ernst & Young, in 2012 a top 100 “Coolest People in NY Tech,” by Business Insider, a “NYC tech influencer” by VentureBeat, one of the “25 People Every New Founder Should Meet in New York Tech” a top “25 Up-And-Coming Startup CEO in New York” by Business Insider, and a 2012 AlwaysOn “Power Player NYC.” Mehta was named a top 10 New York City “Game Changer” in the 2010 New York Enterprise Report, one of twenty RCR Wireless News “Mobile Movers and Shakers” in 2008, a BusinessWeek “M-Commerce Baron” in 2006 and named one of Ad Age’s “Top 20 Marketers in Their 20s” in 2005. Nihal frequently guest lectures at business schools around the country on entrepreneurship and mobile marketing, and is published in over 15 books and white papers on the subject. Nihal graduated from the University of Pennsylvania with a BA in Philosophy and a BSE in Computer Science.
Vic Singh is a seasoned entrepreneur and investor in the mobile software space. His primary area of expertise is mobile consumer Internet with an emphasis on communications and rich media. Vic's passion is building and investing in beautiful game changing mobile product experiences. He has launched over a dozen mobile consumer products reaching millions of users as a founder of 3 mobile startups and has advised and invested in 100+ early stage mobile startups. Vic is currently a founding Partner at Eniac Ventures and the founder and CEO of Kanvas, a mobile platform for creativity which he steered to a successful exit by Aol. Vic previously founded and led Tracks, a venture backed mobile platform for collaboration around experiences and interests. Before Tracks, Vic co-founded NearVerse, the leading mobile platform for location based peer to peer media sharing. Vic previously served as a venture capitalist with RRE Ventures where he invested in mobile consumer and cleantech Internet startups. Vic holds an MBA from Columbia Business School where he was a Robert Toigo Foundation Fellow and a BSE from the University of Pennsylvania where we earned the National Science Foundation Fellow for his work in Micro-electro Mechanical Systems.
Tim focuses on mobile enterprise software and mobile consumer Internet. He has had three exits as an entrepreneur and over 18 years of experience advising and investing in 100+ early stage startups. Tim currently serves on the board of BetterCompany. In 2001, Tim founded Bridge, an enterprise software company focused on corporate training in Beijing, China, which he led to an 8-figure exit. Prior to Bridge, Tim led product at Quoteship, a B2B marketplace for logistics, which exited to Logistics.com (NASDAQ: ICGE). Tim began his career at WebYes, an industry pioneer ASP acquired by Breakaway Solutions (NASD: BWAY) in 1999. He also spent time at ExxonMobil as a developer, and at Mofo where he advised startups on IP and financing. Tim earned his BSE in Chemical and Biomolecular Engineering from the University of Pennsylvania, where he received the Bristol-Myers Squibb award for his work in cancer research, and holds a J.D. from the University of Pennsylvania Law School. He is a member of the State Bar of California and is registered to practice before the United States Patent and Trademark Office (USPTO).