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Canadian Early-Stage Fund with Investment Decisions in 48hrs

29 点作者 mikejarema将近 10 年前

8 条评论

jonathannorris将近 10 年前
Canadian VC's have a terrible habit of stringing along founders for months to try and gather more info/data on the companies and never giving a firm answer. It is one of the most destructive forces possible, it causes Founders to waste months chasing money when they should be building their product/teams, I've seen it kill many good companies with great founders who should have been given a chance to build a team/product, not chase money for months. Hopefully this fund will force Canadian VC's move faster, as long as there aren't any landmines in the terms... But with the government money invested I worry about the terms.
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kitcar将近 10 年前
Just a guess here (I'm not affiliated in any way) but the "Ontario Centers of Excellence" is listed on their partners page - the OCE is a gov't funded body which provides ~$55K of matching funds in the form of grants to early stage companies (i.e. you raise $55K from accredited investors, they provide the other $55K as a grant) - that could be why their max commitment is $110,000.
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mikejarema将近 10 年前
FWIW, I saw this fund after reading about their first investment [1], I thought the fund itself was noteworthy in its quick turnaround on funding decisions.<p>Edit: also see [2]<p>[1] <a href="http:&#x2F;&#x2F;betakit.com&#x2F;orchard-labs-receives-500000-from-the-mla48-angel-investment-fund&#x2F;" rel="nofollow">http:&#x2F;&#x2F;betakit.com&#x2F;orchard-labs-receives-500000-from-the-mla...</a><p>[2] <a href="https:&#x2F;&#x2F;mapleleafangels.com&#x2F;blog&#x2F;2015&#x2F;6&#x2F;10&#x2F;mla48-angel-investment-fund-completes-first-investment" rel="nofollow">https:&#x2F;&#x2F;mapleleafangels.com&#x2F;blog&#x2F;2015&#x2F;6&#x2F;10&#x2F;mla48-angel-inves...</a>
MichaelGG将近 10 年前
Are there any VC-type investment groups that aren&#x27;t chasing huge returns? For instance, I&#x27;m working on some technology that could relatively easily get to be a several million dollar company - a similar product was sold to Oracle for $20M. I need about $80K to develop and launch it solidly, though I&#x27;m trying to bootstrap (got a $100K&#x2F;yr verbal commit from a potential customer -- but I need the product first).<p>Or is it simply not worth looking for outside investors and instead should I just bother family and friends and whatnot?
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faramarz将近 10 年前
<p><pre><code> &quot;$110k through investment and government grants in exchange for an equity stake&quot; http:&#x2F;&#x2F;www.mla48.com&#x2F;take-action&#x2F; </code></pre> For how much equity?
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currentoor将近 10 年前
It&#x27;s a pretty interesting experiment, trying to recreate something that happened organically in Silicon Valley.
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wooyi将近 10 年前
Wouldn&#x27;t touch this with a 10ft pole.
Jack000将近 10 年前
shame it&#x27;s only in Ontario, I might have applied.<p>The site&#x27;s pretty light on info as well. I guess they want people to contact them.