Two Bear Capital

Avery Sonnenberg, based in Montana, pairs a PhD in bioengineering and Becton Dickinson experience with deep biology and devices expertise and hands-on support across therapeutics, diagnostics, tools and medical devices.

Cris Neckar, a hacker and security researcher with nearly two decades' experience, applies exploit-development and vulnerability-discovery concepts to target disease pathways and partners with technical founders in precision medicine and AI-driven oncology.

J. Seth Strattan pairs a PhD in structural biology with engineering and data-science leadership on ENCODE and the Human Cell Atlas, evaluating computational genomics companies by biology and software architecture.

Kevin Day leads capital formation at Two Bear Capital, working to bring long-term investors into the firm's base. He previously headed capital formation at SOSV and worked at Pluribus Labs, Systematica Investments, and BlackRock, holding MBAs from London Business School and Columbia Business School.

Mark Adams blends operator experience as former CIO/CTO at Celmatix and Adaptive Biotechnologies with AI and quantitative finance leadership at Bridgewater, mentoring quantum computing programs—go‑to for data‑heavy AI/quantum biotech founders.

Partner and Head of Operations at Two Bear Capital, overseeing financial management and portfolio services. She began her career at Sequoia Capital and has over a decade of experience with early-stage companies; she holds a degree from Princeton and an MS from UC San Diego.

Mike Goguen leverages Silicon Valley experience to build Montana's biotech cluster, led a Series A for Inimmune, gifted millions and land for the Whitefish Trail, and runs Two Bear Air.

Neil White pairs Wall Street experience with oncology investing—deploying ~$100M across 12 cancer companies—and connects a Montana-rooted firm to Silicon Valley AI life‑sciences, focusing on cell and gene therapies.

Amalia Colangelo leads investments in next‑generation drug discovery platforms, applying a Harvard PhD in single‑cell genomics and high‑throughput imaging plus NGO experience tackling maternal health in Nigeria.

PhD neuroscientist-turned-investor who leverages hands-on neurodegeneration and brain/cancer platform research at MassGeneral/Harvard and MIT's McGovern Institute to advise early-stage therapeutics companies on experimental design, data quality, and MIT spinouts mentoring.

Rachel Tsunemoto Hislop is a Principal and Director of Research at Two Bear Capital, where she leads a team producing data-driven insights to inform investment decisions. Before joining the firm she worked across therapeutic development, most recently on the medical affairs team at Acorda Therapeutics and earlier as a researcher on a California Institute of Regenerative Medicine grant. Trained as a neuroscientist, she holds a PhD in Neuroscience from UC San Diego and a BS in Brain and Cognitive Sciences with a Biomedical Engineering minor from MIT.

Rachel Tsunemoto Hislop pairs UC San Diego stem-cell and developmental neurobiology research and Acorda medical affairs experience with leading San Diego research team that produces formal, data-driven insights across research-to-commercialization

Tim Veil is a hands-on software engineer and CIO who writes code daily, builds custom data pipelines and AI tooling, bringing data-infrastructure experience from StarTree/Apache Pinot, Cockroach Labs and Hortonworks.

Eric Fulton combines rare offensive-security credibility—former ethical hacker for Fortune 500s, Montana State cybersecurity instructor and DEF CON/Black Hat speaker—with ultra-low-latency trading infrastructure roles at Evenio Networks, Citadel Securities.

Boston-based John Sullivan leverages 25+ years in healthcare and life sciences research (former Leerink Director of Research) to advise biotech founders on Seed and Series A fundraising and positioning.

Executive Assistant to Two Bear Capital's Founder and Managing Partner Mike Goguen, supporting executive office operations. She has over a decade of experience supporting senior executives, including Chief of Staff and Executive Operations Manager roles at Sentral, plus seven years in financial marketing and analytics, and holds a BS in Finance from Regis University.

Bria Iuliano is the Executive Assistant to the Operating Partners at Two Bear Capital, with a career supporting C-suite executives at companies including Engine, Groupon, and Juniper Pharmaceuticals. She holds a BA in Communication and Culture from Indiana University Bloomington.

A physician-scientist with over 25 years of experience as a C-suite executive and independent board member, having served as CMO of Juniper Pharmaceuticals, Kura Oncology, and RRD International, and CEO of Artizan Biosciences. She taught at Yale School of Medicine for over 20 years and serves as an Entrepreneur-in-Residence at Yale Ventures.

Erika Bolden is an Operations Manager at Two Bear Capital, handling day-to-day operations, budgets, and internal processes while supporting leadership with planning and execution. She holds a BA in Philosophy from DePaul University.

Jennifer Howrigan is VP of Investor Relations at Two Bear Capital, focused on serving existing investors. She previously led investor relations and business development at Warana Capital, was a director at Oakpoint Advisors, and spent seven years in various roles at Raptor Group.

CEO of Evolve Biologics with nearly 30 years of experience across biotech, pharmaceutical and medical device industries, including former CEO roles at Dendreon Pharmaceuticals. He holds a degree from Cornell University and an MBA from Northwestern's Kellogg School of Management.

Joe Pinto is Chief Customer Experience Officer at Pure Storage, focused on digital-first automation, advanced services, and customer success. He previously spent 28 years at Cisco, most recently as a Senior Vice President overseeing multiple service businesses, and is involved with several startups as an advisor and board member.

Executive Assistant supporting the Two Bear Capital team in Menlo Park, working on operational and portfolio initiatives. Previously an EA at HFI Advisors and worked at DTCP, Deutsche Telekom's venture arm, with earlier experience in the medical and architecture sectors.

Liz Marchi leads community engagement and partnerships at Two Bear Capital, focused on expanding access to equity capital for startups in nontraditional locations. She previously founded and ran Montana-based Frontier Angels for 12 years, seeding over $20 million in early-stage capital, and is a graduate and former Trustee of Hollins College.