At Wattpad, we're proud of the diversity we have achieved, with women making up half our company. 62% of our leadership team are persons of colour, and nearly half (41%) of our leadership team identifies as female. We are committed, but we also know there's work to do.
The following article is written by our Head of Product and Head of Wattpad Labs Seema Lakhani that talks about how we get here. ... See MoreSee Less
Unsplash, the world’s fastest growing photography platform since Instagram, has announced the closure of a $7.25 million Series A financing round led by OST.com Ltd, the blockchain technology company behind the Simple Token project
Douglas SoltysBetaKit has an interview with Minister Bains later today and will be updating the article as soon as it's done. If you have any Q's you'd want asked of the minister, please post them here so Jessica Galang can represent them!
Jesse RodgersMy understanding is that they announce who will get the nod but the details depend on how the execution details shape up. Although there are always politics i feel like there is a process in place that is trying to make this a real positive for Canada.
2 days ago · 1
Christopher PyperIt seems they are trying to light up new initiatives, not fund ones that already have legs. I don’t think there is a shortage of funding for good cryptocurrency and machine learning start-ups. As well, the article says "that will receive a part of $950 million from the superclusters initiative", which implies there is other superclusters coming.
I think the southern Ontario advanced manufacturing is good, and the plant based proteins initiative is a good head start too. Nearly all agriculture land is used for raising livestock and livestock feed, and the vast majority of land used by humans is agriculture lands. Plant based protein is necessary to reverse climate change and deforestation. And with all this meat they plan on growing in tanks, I imagine they still need a source of protein to feed it. That said, protein farming is risky business, particularly for replicants. You might get a blade runner showing up at your farm.
Fourth-Quarter Revenue Grows 71% Year on Year Fourth-Quarter Gross Profit Grows 78% Year on Year GMV Exceeds $9 Billion for the Fourth Quarter and $26 Billion for 2017 Shopify reports in U.S. dollars and in accordance with U.S. GAAP Shopify Inc. (NYSE:SHOP)(TSX:SHOP), the leading cloud-based, multi-...
Wanted to share this excellent article from one of our team members at HiMama that addresses diversity in tech startups and the role that Canadian startups can play in leading the way when it comes to diversity and human-centric leadership.
Marlina KinnersleyAwesome article! Broadly speaking, Canadian startups are a role model but we need better measurement and metrics. The Diversity, Inclusion, & Belonging Canadian Tech survey, better known as DIBs is open and free to all Canadian Tech companies! Here's the link => fortay.co/dibs
Sydney WongFeel like there's a story behind this post..
4 days ago · 3
Tony Abou-AssalehAt TitanFile we did something similar in our last angel financing round and it actually worked pretty good for us. Now had we not hit our milestones ... unthinkable ;)
4 days ago · 2
Jason MorehouseI don't think its uniquely Canadian VC thing. Realistically once you accept VC, things will go sideways one way or the other if you keep missing the mark -- but agreed it wouldn't be my first choice, given the shorter timeline for correction.
Tom WilliamsVC’s who do these deals are pretend VC’s. The asset class is high risk for high returns. When a fund is largely managed by bankers and private equity types, you get a lot of this garbage. Because for them, they’re just buying equity, not investing in entrepreneurs.
But of course, entrepreneurs who take these deals are just sustaining these bottom feeding practices.
Varun MathurReading this, I am glad the market moved in 2017 with the advent of crypto-enabled global crowd funding. The moonshot ventures, the ones which every investor wants, are the ones most likely to raise through token sales now, and where they need the equity investor the least. Thus the flight to quality and reputation for every such equity investor has become increasingly important. Sub-par ventures will attract the sub-par investors and their sub-par practices.
The world has discovered that access to money is no longer restricted to a certain region/or a certain network of people. Its like the horse driven carriage meets the automobile. It served its purpose wonderfully well during its times, and yes, a 100 years later we still have that as a novelty item -- but the primary means of travel is through the automobile for now. Global, crypto driven crowd funding was born in 2017, and where will it go over the next few years and how will it transform the early stage startup world ?
We are entering an era of the entrepreneurs unlike anything the world has ever seen. Imagine a Facebook, owned 100% by a Zuckerberg, who got there just by selling tokens ?
Raj SinghStartups are high-risk/high-reward, but that doesn’t mean that an investor shouldn’t do what she can to shift risk to the entrepreneur, who has also chosen to play that same high-risk/high-reward game.
How much of the risk each party takes is a negotiation. As long as both sides understand and accept the implications of the deal, it’s a good deal.
Problems arise when either the investor or the entrepreneur - or both - don’t understand the consequences of deal terms. In my experience, this occurs far more often with angel investors, who demand terms that hurt them and the company in the long run because they are too unsophisticated to foresee the problems ahead.
3 days ago
Christopher PyperThe classic one I love: Meet this revenue milestone for us to invest which is so high you won’t need our investment at that point, but you will take it anyways for security. I wonder if there is a slang name for these types.
3 days ago · 3
Ian Andrew BellBDC used to do tranche deals all the time. Then again, BDC used to do early stage investing.
Just discovered this website backed by an HR Tech company out of Boston called Drafted that looks at diversity in top organizations -- so far it focuses on gender and ethnicity, and will soon be adding sexual orientation.
While cities across America's heartland vie to be Silicon Slopes, Hills, Peach, or Beach, Wired finds out how Toronto is bucking the trend. Our companies "don’t just want to make money and move fast and break things, they actually want to do good.” ... See MoreSee Less
Cory RosenfieldI LOLd at the title of this article. It should have read, "NDP tell booming Canadian startups to get the hell out of Canada and move to the US". This ain't happening...
5 days ago · 4
Benjamin BergenDoug! I heard from and spoke with several of CCI's members on Thursday about this motion by the NDP. The Council has been speaking with the NDP and we hope to arrange a meeting soon between Mr. Singh and Canadian innovators, so we can put to rest once and for all this effort to cap a tool used by high-growth companies to attract and retain highly skilled talent at Canadian firms.