Comments on: VenturesWest shuttering offices, several people gone

By: UnlockiPhonesoftware

UnlockiPhonesoftware — Thu, 08 Jan 2009 04:41:53 +0000

When the time you have that should be spent doing things that build your company, or put food on your table, etc, are instead spent pondering, wondering, etc,. there is a danger that you won't create things., which is my point. It is rewarding to create. Even the painter has to put his/her brush to the canvas at some point. Or usually does at least.

I expect everyone to keep close guard of a lot of leisure time and to use it for all sorts of things, like pondering how things might work.

By: UnlockiPhonesoftware

UnlockiPhonesoftware — Thu, 08 Jan 2009 04:41:53 +0000

I expect everyone to keep close guard of a lot of leisure time and to use it for all sorts of things, like pondering how things might work.

By: war gold

war gold — Sat, 08 Nov 2008 03:27:44 +0000

After a day of posting great news from three startups, I hate to end things on a sad note. The Canadian VC community is getting hit hard again, this time it looks like VenturesWest is on its heels.

By: war gold

war gold — Sat, 08 Nov 2008 03:27:44 +0000

After a day of posting great news from three startups, I hate to end things on a sad note. The Canadian VC community is getting hit hard again, this time it looks like VenturesWest is on its heels.

By: » CollectioBuddy.com - BrightSpark is back to catalog your collection | StartupNorth

Sun, 14 Sep 2008 23:32:42 +0000

[...] the last year we have seen this re-creation of Brightspark, turmoil at Celtic House, a gutting at VenturesWest (read the comments for some interesting analysis), and rumors are swirling about several other [...]

By: » CollectioBuddy.com - BrightSpark is back to catalog your collection | StartupNorth

Sun, 14 Sep 2008 23:32:42 +0000

By: CVCA - Capital Rants » Blog Archive » How Startups will save Venture Capital in Canada

Mon, 18 Aug 2008 23:52:48 +0000

[...] entrepreneurs have heard that things aren?t great for VCs right now. LPs are shaky, some funds are crashing, others are just throwing their hands up, and for a lot of startups it seems like no matter how [...]

By: CVCA - Capital Rants » Blog Archive » How Startups will save Venture Capital in Canada

Mon, 18 Aug 2008 23:52:48 +0000

[...] entrepreneurs have heard that things aren’t great for VCs right now. LPs are shaky, some funds are crashing, others are just throwing their hands up, and for a lot of startups it seems like no matter how [...]

By: Bryson

Bryson — Mon, 18 Aug 2008 15:27:00 +0000

I work in the VC industry in the USA and know the team at Ventures West. It is well known that VW has had their share of problems, like many funds in the USA and Canada. However, it is clear to myself and likely all LPs that VW is making a huge mistake. The senior partners want to continue collecting their lucrative management fee ( 2% of fund) and have released the junior partners. There is no way any LP is going to back the senior team that approved the deals in the last several portfolios; unfortunately, this is the end of VW. The senior partners will collect as much money as possible until the fund dies. Personally, I believe the LPs are correct and market forces need to allocate funding to teams that have a track record or the potential to achieve superior returns. I have talked with several LPs and I am paraphrasing their reaction. I’m afraid that several, if not most of the senior partners should have looked at their personal track record and retired long ago. This would have given the new partners a chance to prove themselves and save the fund. Too late now, greed is a destructive force. The same dynamic occurs in USA funds over and over again. The sad part is that Canada has very few VC funds and every loss cuts deeply.

By: Bryson

Bryson — Mon, 18 Aug 2008 15:27:00 +0000