NEW YORK and GREENWICH, Conn., Sept. 11, 2013 /PRNewswire/ -- Spencer Trask Ventures, Inc., a brokerage firm specializing in raising money for venture capital stage companies focused on developing big ideas into world-changing companies, is pleased to announce the appointment of Michael Siek as President of Spencer Trask Ventures, Inc. "I am pleased to announce Michael's promotion to President of Spencer Trask Ventures as we enter an exciting growth phase in our firm's history" said John Heidenreich. In this new role, Michael will be responsible for oversight of all sales activity and strategic business growth initiatives of the organization.
Mr. Siek is a 16-year veteran of the Spencer Trask Ventures organization and, as Senior Managing Director, has built a team of Venture Advisors and support staff that has consistently performed at the highest levels of revenue production. During his tenure with Spencer Trask, Mr. Siek has raised more than $200 million for over seventy-five of Spencer Trask's portfolio companies, ranging in industries from medical and bio-technologies to SaaS Software and IT services.
Mr. Siek's industry experience spans more than twenty years in venture capital, private equity, investment banking, and investor relations both in the United States and abroad. His success is driven by his attentive engagement with company executives and board members both pre- and post-investment. Prior to joining Spencer Trask, he was with Laidlaw Equities, T.R. Winston & Co., and Lehman Brothers.
"I am excited for the opportunity to take on this role to continue the important work of Spencer Trask," said Siek. "I look forward to working with our partners, investors, and entrepreneurs across the country to continue building world-changing companies."
About Spencer Trask Ventures, Inc and Spencer Trask & Co.
Spencer Trask is a FINRA registered brokerage firm specializing in private equity and venture capital that transforms bright ideas into great companies. Through a collaborative network of business leaders, domain experts and co-investors, Spencer Trask builds market-leading companies with a sustainable competitive advantage. Clients invest on a deal-by-deal basis rather than through a fund. Spencer Trask Ventures is a wholly owned subsidiary of Spencer Trask & Co.
SOURCE Spencer Trask Ventures, Inc.