Report: ATV Trims Staff
Advanced Technology Ventures, a VC firm with offices in Waltham, MA, and Palo Alto, CA, has let go of several members of its investment staff below the general partner level, including Boston-area principals Christian Cortis and Andrew Friendly, according to a report from Dan Primack at Fortune. Cortis joined ATV in 2006 and focused on biotech and healthcare investments (such as Apoptos and Hydra Biosciences). Friendly started at the firm in 2007 and focused on cleantech and energy companies (such as AltaRock Energy and Solar Junction). The report says both VCs have at least tentative plans for their next jobs, but nothing has been announced yet.