To VentureOhio Members and the Entrepreneurial Community:

It is with tremendous sadness that we learned of Frank Samuel’s passing on October 20, 2014.  Among his many accomplishments and titles, he was the first and active president of VentureOhio and undeniably essential in its founding.  He served as colleague, mentor, and friend to all of us.

Frank’s unique talents brought together Ohio’s diverse venture community into the first statewide organization dedicated to advocating for entrepreneurial businesses and sources of capital, building the association to over 90 members in just its first year of operations.  Under his guidance the group advocated for public policy initiatives and conducted two important surveys; a capital needs survey and an investment activity survey, both of which were the first of their kind for Ohio.

Frank was a champion of Ohio’s growing entrepreneurial ecosystem and his tireless and unyielding commitment to the entrepreneurial community will leave a lasting legacy.

He respected those who helped create the venture capital industry in Ohio and honored that heritage by establishing the VentureOhio David T. Morgenthaler Lifetime Achievement Award and recognition for those who are creating and supporting Ohio’s start-up companies.

At the time of Frank’s passing, he was working with VentureOhio’s Board of Directors on a succession plan for the organization’s day-to-day leadership.  That plan will now be completed and announced to the membership in the coming months.

The Board of Directors is committed to continuing and building on the momentum created by Frank in VentureOhio’s first year, including the highly successful VentureDinner attended by over 250 in September and the recently published 2013 VentureReport, and will seek to honor Frank and his efforts as it carries VentureOhio’s important mission forward.

On behalf of Ohio’s entrepreneurial community, VentureOhio expresses our deepest condolences to Frank’s wife, Jacqueline, and the entire Samuel family.  Frank’s talents and energy will be deeply missed by everyone at VentureOhio and in the entrepreneurial community.


John McIlwraith, VentureOhio Chairman

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