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Daniel Heck

Partner at Stage 2 Capital

United States

Overview 

Daniel Heck is a Partner at Stage 2 Capital in Minneapolis, Minnesota, with a strong background in venture capital and start-ups. With notable achievements including investments in companies like Cable (Series A) and Terminal49 (Series A), he brings expertise in data analysis, strategy, and analysis to his role in supporting ventures in sectors such as IoT, Data Services, Digital Health, and FinTech. Having earned a Master of Business Administration with honors from The University of Chicago Booth School of Business and a successful track record at firms like OpenView and Touchdown Ventures, Daniel Heck excels in identifying and investing in promising start-ups at various stages, particularly in Boston / New England.

Work Experience 

Headwaters Legacy Capital

  • Founder

    2025 - Current

    Formed to honor and grow the legacy of one exceptional remote or Minnesota-based business.

S2

Stage 2 Capital

  • Partner

    2022 - 2024

    Stage 2 invests in B2B software companies at Seed and Series A. I sat on the board and/or supported investments in Intelligems, Pear, Prequel, Slang, Cable, AeroCloud, and Terminal49.

Stage 2 Capital is a go-to-market venture capital fund that primarily invests in early-stage B2B software companies.

stage2.capital
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OpenView

  • Partner

    2021 - 2022

    OpenView invests in expansion stage software companies. I sourced and/or supported our investments in Highspot, Optimize Health, Postscript, project44, and Zipwhip (acq by TWLO for $850M).

  • Vice President

    2019 - 2021

OpenView is an expansion stage venture firm that helps grow software companies into market leaders.

openviewpartners.com
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Touchdown Ventures

  • Senior Associate

    2017 - 2019

    Touchdown Ventures manages VC funds for large corporations like T-Mobile, Kellogg's, 20th Century Fox, Allegion and TEGNA, among others. I helped run the VC program for TEGNA, sourcing and managing our investments in companies across the media and OTT video ecosystems. I sourced and/or supported TDV's investments in Tubi (acq by Fox for $500M), HudsonMX, and The Outline (acq by Bustle).

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Hyde Park Angels

  • Senior Associate

    2016 - 2017

    HPA is a leading angel group with a focus in the Midwest US. I sourced and/or supported HPA's investments in Branch, Provi (previously Tiz), Shipbob, Fourkites, Popular Pays (acq by Lightricks), and more.

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Target

  • Apparel and Accessories Special Projects Lead, Merchandise Planning Operations

    2014 - 2015

    Work with internal and external teams to develop and improve strategies, tools, and processes

  • Senior Business Analyst, Target.com & Mobile

    2013 - 2014

    Merchandise planning and analysis for the Men's Apparel business.

  • Business Analyst, Target.com & Mobile

    2012 - 2013

    Merchandise planning and analysis for the Men's Apparel business. Previously worked in the Patio Accessories and Small Appliance businesses.

Target is a retailing company providing access to a wide selection of products such as furniture, electronics, toys, and others.

target.com

Education 

Investments 

Cable

Series A

Total funding: $11M

Terminal49

Series A

Total funding: $9M

Articles About Daniel

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