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Honored as 2005 St. Louis Business Journal 40 Under 40, awarded to young professionals making a difference in their organizations and communities.
Personal Interests: family, travel, trail biking, physical fitness
Jay W.
Schmelter
CO-FOUNDER & MANAGING DIRECTOR
ST. LOUIS, MISSOURI
CO-FOUNDED RIVERVEST IN 2000
After more than two decades since founding RiverVest, I am tremendously proud of the team we have assembled and what we have accomplished together for our investors. The firm’s success in founding and funding life science companies, enabling entrepreneurs to develop products and introduce them to the marketplace, is very rewarding. Witnessing the impact of these technologies in improving the lives of thousands of people is inspiring and energizing.
Jay co-founded RiverVest in 2000. He currently leads the daily operations of the firm, as well as its strategic and fundraising initiatives. Jay’s investment focus is the medical device sector. Drawing on his combination of operating, investment banking and venture capital experience, Jay works closely with entrepreneurs as a sounding board and mentor.
Jay is a director of InterVene, Inc. and Alleviant Medical, Inc. He is a former board observer at Standard Bariatrics, Inc. which was acquired by Teleflex, director of Velocimed, LLC, which was acquired by St. Jude Medical, Inc., Lutonix, Inc., acquired by C.R. Bard, Inc., IDEV Technologies, Inc., acquired by Abbott Laboratories, Inc., and Accumetrics, Inc., acquired by Instrumentation Laboratory (a Werfen Company), and former chairman of Salient Surgical, Inc., which was acquired by Medtronic, Inc.
Previously, Jay was with Crescendo Ventures, where he led investments for the firm’s life science division. While at Crescendo, Jay founded Salient Surgical Technologies, Inc. Prior to his transition to venture capital, Jay worked as a medical device research analyst at Piper Jaffray & Co., where he focused on cardiovascular-related medical device stocks. He was also a marketing executive for Medtronic, Inc., where he was responsible for two successful product launches and the marketing activities of two of Medtronic’s U.S. cardiac surgery-related businesses.
Jay earned an M.B.A. from the University of Chicago Booth School of Business and a B.A. in Accounting from Michigan State University.