Six Questions with VC-Triathlete David Jones Jr.
It isn’t often that you feel young at 51, but that’s one of the benefits of competing in the Senior Games. Just ask David Jones Jr., founder and chairman of Louisville-based Chrysalis Ventures, who came in 9th in the triathlon portion of the games in August. Jones was a relative kid compared to some of the other competitors, one of whom was 85. I caught up with Jones and we talked about his passion for health and fitness and how that ties into his investment strategy. Q: How’s your firm doing these days? A: We’ve had two good exits since the market cracked. We sold a company called HealthMedia in Ann Arbor to Johnson & Johnson for about 18 times our money in October of ‘08. And we’ve got another company called MedServe down in Houston that Stericycle, which is the leader in medical waste processing, is buying for $185 million. We did well on that one, too. It was a multiple of our invested capital.
