Scott Sipprelle | |
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Republican candidate for U.S. House of Representatives |
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Election date November 2, 2010 |
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Opponent(s) | Rush Holt (D) Kenneth J. Cody (I) |
Incumbent | Rush Holt |
Personal details | |
Born |
Santa Barbara, California, USA |
February 15, 1963
Political party | Republican |
Spouse(s) | Tracy Sipprelle |
Children | Jessica; David; Steven |
Residence | Princeton, New Jersey |
Occupation | Venture Capitalist |
Website | http://www.supportscott2010.com/ |
Scott Mills Sipprelle is a venture capitalist and was the 2010 Republican candidate for Congress in New Jersey's 12th congressional district. Sipprelle founded Westland Ventures, a Princeton-based investment firm, which helps emerging companies by providing growth capital.
Scott Sipprelle was born in Santa Barbara, California, where his father was a high school history teacher. Later, his parents joined the US Foreign Service and Scott spent much of his childhood living abroad, primarily in Latin America, Europe, and the Middle East.
Sipprelle graduated Phi Beta Kappa from Hamilton College in 1985 with a B.A. in Economics along with a minor in government. He was the recipient of the Clark Prize in Public Speaking.
In 2007 Sipprelle founded the investment firm, Westland Ventures. Westland Ventures provides growth capital for emerging companies. Westland Ventures has invested in many young companies, including BlogTalkRadio, Zhena's Gypsy Tea, Narragansett Brewing, and The Bank of Princeton. Sipprelle has served as Chairman of the Advisory Board for The Bank of Princeton.
Previously, Sipprelle was a senior executive in the financial services industry. From 1985 to 1998 Sipprelle worked for Morgan Stanley, where, at 32, he became a managing director. He later managed the firm’s Equity Capital Markets Division, where he was responsible for managing the initial public offering process for many companies, including the landmark IPO of Netscape in 1994.
In 1998, Sipprelle left Morgan Stanley to launch the investment firm Midtown Research, which subsequently became Copper Arch Capital. Sipprelle's firm gained notoriety for instigating a shareholder revolt against cronyism and mismanagement at Morgan Stanley that eventually toppled the CEO, Phil Purcell. After a decade of managing capital for endowments and foundations, Sipprelle closed his fund in November 2007, a few months before the global stock markets collapsed.