Doug Penick

Doug Penick

Partner atN49POntario

Doug Penick has nearly 20 years of experience from Goldman Sachs and now leads investor relations at N49P. He holds a B.Comm from McGill University and serves on the Andover Development Board.

What Doug can write

Writes checks of$250K to $1M
Comes in atPre-seed, SeedCan lead the round
Ownership target5-7%, 7-10%At first check
Pitch pageSubmit on their siteThe firm asks founders to apply here.

N49P writes $250K to $1M checks, larger than 33% of firms in the atlas.

Bars: how many firms report each check band. Highlighted: N49P.

Career

  1. Goldman Sachs · Managing Director in Credit Derivative Sales
  2. N49P · Partner
    Now

Focus

investor relationscredit derivativesVenture Capital

Education

McGill University, B.Comm

Before you pitch

N49P does not invest inCapital intensive models that are more science experiments than potential businesses.

Also at N49P

Partners like Doug

At firms with a similar stage, sector and check size.

Alert me when N49P is active

One email when Doug's firm raises a fund, adds a partner or shows new activity.

Founders and investors at a Mode VC gathering

Send Mode VC your deck

Raising a pre-seed or seed round? We write $1M to $5M first checks and help founders with distribution. A partner reads every deck.

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Questions

Who is Doug Penick?

Doug Penick has nearly 20 years of experience from Goldman Sachs and now leads investor relations at N49P. He holds a B.Comm from McGill University and serves on the Andover Development Board.

How much does Doug Penick invest?

Doug Penick invests through N49P, which writes checks of $250K to $1M at pre-seed, seed.

How do I pitch Doug Penick?

A warm intro from a founder N49P backed works best.

What did Doug Penick do before N49P?

Managing Director in Credit Derivative Sales at Goldman Sachs.

Last updated 2026-10-15. Is this you? Ask for a correction.