Some great news for Ontario, and the national startup community, today. We are hearing from multiple sources that John Ruffolo will be joining OMERS as Senior Vice President of Knowledge Investing. He will start in the position on January 3rd 2011.
This position, which is focused on managing direct Venture Capital investments, has been the subject of speculation since OMERS announced that they planned to take a similar direct investment model with Venture Capital as they have with Private Equity deals, which has been a successful model for them so far. Pension and other labour sponsored funds like OMERS have historically taken Limited Partner positions in third-party funds (the VC funds you know and love already) and this hands-on approach is unique in Canada.
John Ruffolo was previously a Managing Partner at Deloitte’s Toronto office and he conducted the survey of Canadian VC GPs that we wrote about earlier.
John’s reputation is positive and his knowledge of both the past and current startup and Venture Capital environment in Canada is unique. It is great to see things moving ahead in the development of a new capital source for startups in Canada.
John has been a tireless advocate for Canadian entrepreneurs and a respected thought leader on facilitating a better ecosystem for investment. OMERS is lucky to get him – look forward to seeing great things.
John has been a tireless advocate for Canadian entrepreneurs and a respected thought leader on facilitating a better ecosystem for investment. OMERS is lucky to get him – look forward to seeing great things.
John has been a long time friend, and great help to HomeStars. This is a fantastic step for him, and great for Canadian entrepreneurs. OMERS just won a great leader.
John has been a long time friend, and great help to HomeStars. This is a fantastic step for him, and great for Canadian entrepreneurs. OMERS just won a great leader.
excellent news indeed! We’ll miss him on the Deloitte side though. Best wishes John!
excellent news indeed! We’ll miss him on the Deloitte side though. Best wishes John!