Jonathan Murray

Jonathan Murray

Jonathan co-founded Early Stage Partners in 1999. He built and formerly led the Information Technology investment practice, and continues to manage investments for ESP Funds I & II, while turning his attention to other career activities. 

Among his investments for ESP are TOA Technologies, OnShift, Amplifinity, Unitask, and Ayalogic.

Jonathan was recently quoted in a Wall Street Journal article about Cleveland's renaissance as a center of entrepreneurship. He also led a panel on "Early Stage Investing" at the 2011 Michigan Growth Capital Symposium, click here to watch a video.

Prior to joining Early Stage Partners as Managing Director in late 2000, Jonathan was President of Incubation Services, a strategy consulting firm that provided strategy development, business planning, and financial consulting to early stage companies in life sciences and information technology. Among his clients were Athersys Inc., Aelita Software, IdeaStar, and the Edison BioTechnology Center.

Prior to forming Incubation Services, Jonathan was President of Volk Optical, a Mentor, Ohio manufacturer of lenses used by ophthalmologists and optometrists to examine eyes for disease. While there, he focused on product branding and marketing programs, reorganized the sales department, implemented enhanced regulatory programs, and contributed to sales increases of 30% per month over the prior year.

From 1991 to 1997, Jonathan served in a variety of capacities for Spectra Laboratories, a Silicon Valley-based provider of clinical testing services to kidney dialysis clinics, rising to the position of Director of Marketing. During his seven-year tenure there, he simultaneously built and managed the marketing and the software development departments, and directed the telecommunications department on an interim basis. The Company was acquired by Fresenius Medical Care in 1997.

Jonathan is a graduate of George Washington University (B.A.), where he studied Biology and English Literature, and the University of Michigan (M.B.A.).

Jonathan recently co-authored an article in VCExperts: The Case Against Conversion Discounts for Convertible Debt. He also appeared on a panel about IT in Detroit titled Building an IT Sector in Metro Detroit from The Venture Capitalist's Perspective



Find Out More About ESP

Staff Photo

Jonathan Murray

Area of focus: Information Technology, especially On-Demand and SaaS platforms

Boards: TOA Technologies, OnShift, ICN, Imalux, Ayalogic, Unitask, Amplifinity

Interesting fact: In 2012 completed his second degree Black Belt in Tae Kwon Do