ABOUT US


Vilicus Ventures was formed to oversee two maturing venture capital funds, which were acquired in early 2012. After successfully managing the wind down of those funds through many follow-on investments and acquisitions, Vilicus is reinvesting those proceeds into a new wave of early-stage companies. The team at Vilicus is poised to leverage a full spectrum of business-building experience across a broad range of sectors, stages, and geographies.

Jon Otterstatter, Managing Partner

Managing Partner Jon Otterstatter Jon Otterstatter brings a wealth of business building experience to the Vilicus team. Currently, Jon is co-founder and President/CEO of Preventice, Inc., a leader in the promising mobile health care industry. Previously, he served as executive vice president and chief technology officer of SPSS. Here he guided daily operations for the company’s worldwide technology operations. Jon also served as vice president of technology for ShowCase Corporation after many years as a senior programmer at IBM.

In addition to his experiences leading companies through all phases of venture capital funding, Jon has also served as a consultant to top venture capital firms. His experience with all levels of venture investing—from early to late stage—has influenced the capital funding and growth of many successful companies across a broad range of sectors.

His role at Vilicus is to direct the firm in its primary mission—to responsibly manage and oversee its capital funds and to evaluate promising new investment opportunities going forward.

Jon holds a master’s degree in technology management from M.I.T. and a bachelor’s degree in computer science from the University of Wisconsin-La Crosse.

Jon and his wife have been married for 31 years. They have three children and three grandchildren. In his spare time, Jon enjoys being with his family and spending time in the outdoors, especially snowmobiling and riding his Harley Davidson. He is also involved with several non-profit endeavors.



Matt Otterstatter, Partner

Partner Matt Otterstatter Matt Otterstatter brings a technical background from the rocket propulsion industry to Vilicus Ventures, having been both a program manager and senior engineer at Aerojet Rocketdyne in California. Matt is a Kauffman Fellow, which is a global program dedicated to empowering emerging leaders who invest in innovation at all of its various stages. To date, the collective network of approximately 500 Kauffman Fellows has made over $6B in venture capital investments, sparking growth in hundreds of new enterprises and creating tens of thousands of jobs. Matt has founded a non-profit to support entrepreneurs (Accel.MN) and has judged startup competitions around the world. He also works with accelerators and universities to advise their entrepreneurial curriculum.

Matt holds a master’s degree in aeronautics and astronautics from Purdue University and a bachelor’s degree in aerospace engineering and mechanics from the University of Minnesota. He has certifications in project management, strategic decision making and risk management from Stanford University.

Matt and his wife have three children. In his spare time, he has volunteered to teach math to middle school students as part of the national Mathcounts competition program and also he teaches entrepreneurship to high school students. He enjoys skiing, piano and softball.



Dr. Paul Friedman, Partner

Partner Dr. Paul Friedman Dr. Paul Friedman is currently the Vice Chair of the Division of Cardiovascular Medicine at the Mayo Clinic in Rochester, Minnesota. He is also a Professor of Medicine, a consultant of cardiovascular electrophysiology, and the Vice Chair of Academic Affairs and Faculty Development at the Mayo Clinic.

Paul graduated with a bachelor’s of science in electrical engineering from the University of Texas and an honors liberal arts degree (Plan II), also from the University of Texas. He received an M.D. from Stanford University in California. He believes that innovation in healthcare can be found at the intersection of the humanities and sciences.

Paul has over forty biomedical patents and has authored over 300 scientific publications, including books, book chapters, and original articles. He is the reviewer or editor of over fifteen influential medical journals, and directs national and international medical education meetings. He has been the principal investigator of large, international, multicenter trials. He has also been the recipient of federal and regional research awards to assess and develop new healthcare technologies.



Dan Madson, Partner

Partner Dan Madson Dan Madson joins Vilicus Ventures with a background in education, coaching and communications. Dan spent 21 years as a teacher and coach before retiring to pursue other interests, primarily writing. He has written and published three books and served as a copy-editor for two tech enterprises while also helping to build a small company in the fitness industry.

Dan holds a bachelor’s degree in education from the University of Wisconsin-Whitewater. In his spare time Dan enjoys golfing, reading and triathlon training. He has competed in 40 races over the past eight years including two Ironman distance events.

Dan and his wife have been married for 31 years and have three children and two grandchildren. In addition to his family activities and business ventures, he enjoys traveling and working with his wife, a successful entrepreneur in her own right.




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