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Maria Ko shared YEDI's photo to the group: StartupNorth.

Dear Startup North!

Are you starting or growing your business? YEDI is now accepting applications from innovative ventures for its Fall 2016 Incubator Track Sessions. Education, mentorship, up to $30,000 equity-free funding for each graduate and the opportunity to showcase your venture to an investor audience for additional funding.

Apply by October 20- www.yedinstitute.org/apply
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We are delighted to announce that Incubator Track graduates will now be eligible for up to $30,000 in funding upon program completion! Applications accepted by October 20, 2016 at www.yedinstitute.org/apply

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Florin Tatulea, Gil Katz and 2 others like this

Boris MannThis looks super interesting. And real cash.

11 hours ago
Boris Mann

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Michael Tippett shared Wantoo's photo to the group: StartupNorth.

Hey everyone, thanks for the support during our launch last week. Your help got us featured on Product Hunt. www.facebook.com/allwantoo/photos/a.1413348962306310.1073741828.1388179781489895/1578777715763433...
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www.producthunt.com/search/posts?q=wantoo

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Andrew Noop Smith, Kemp Edmonds and 8 others like this

Michael TippettWoot! Made the top 10 too.

10 hours ago
Michael Tippett

Andrew Noop SmithCongratulations!

9 hours ago
Andrew Noop Smith

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Jeff Musson shared North of 41's event to the group: StartupNorth.

Great lineup of speakers for the North of 41 Fireside Chat at the Toronto Stock Exchange #tsxignite #firesidechat #northof41
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3 Common Mistakes to Avoid as CEO

October 4, 2016, 7:30am

Toronto Stock Exchange

Join us for an expanded version of North of 41 and the TSX Fireside Chat with the CEOs; an event series hosted at the Toronto Stock Exchange. The purpose of this event is to have an indepth discussion with experts and fellow CEOs as to avoiding 3 of the most common mistakes CEOs make as head of their company.

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Speaking at NACO (National Angel Summit) nxt wk w Globe & Mail on creating a culture of risk and success in Canada.

The Canadian brand & culture is generally perceived as being about modesty & politeness. This is often cited by investors and entrepreneurs as a leading cause for why we don't realize our fullest potential when competing globally.

So my questions are:
- is this even accurate? how risk-averse are we really? or do you see something else @ play here?
- how we can overcome issues that limit the growth of Canada's startup ecosystem?
- what we can do to get our investors & founders to be bolder, to take bigger moonshot risks & to celebrate their success?

Thanks a mill, Startup North peeps - look forward to hearing your voices & sharing with the Summit!
Mx
cc Michael Daniel Marcus Boris
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Chris Hogg, Daniel Debow and 7 others like this

Varun MathurSorry to answer a question with a question, but I think the answer lies in what is the state of pre-seed investing in Canada - when its just the team+market opportunity ? Which first-time entrepreneur here has raised $500k-$1M at that stage without a product and without traction ? Who are the investors willing to write those kind of checks ? If bulk of the investment activity is in stages where some risk has been managed -- eg seed -- "show me traction and evidence of PM/fit", then that is increasingly coming down from a moonshot to a specific, niche market. Anecdotal experience: First startup I did here in Toronto wanted to make a "web operating system" which would provide a unified set of UI components and back-end services like single-sign on to develop their web apps. Idea was to provide web-based tools to enable anybody (including non-developers) to build their own apps quickly enough; along with a custom markup language. That was in 2005 - way before Facebook Platform, Facebook connect, fbml, etc; that was our moonshot. The team included folks with extensive s/w and CS background, including a programmer who was ranked amongst the top 50 in the world. Yet - we didn't believe it was feasible to execute on that in Toronto as it was too big of an idea and a...moonshot. Our idea eventually got boiled down into making a web-based RSS feed reader using the Javascript library we had developed. We wasted our time and opportunity in life executing on that. We pivoted for the heck of it. We would have been better off executing on the bigger idea. Only if I had known of a local investor writing pre-seed checks at the founder/market opportunity level for moonshots.. If I ever crack it big and have the ability to write $500k-$1M checks, first and foremost thing I would promote is the belief that "yes, you can..Dream big and yes, it can be supported here". Its not the founders who are not thinking big enough.. but again, just my anecdotal experience on my startup #1 here in Toronto.

15 hours ago   ·  1

2 Replies

Varun Mathur

Boris MannMeredith J Powell I believe pre-seed / pre-A and lack of risk taking angels is the biggest issue, which is why I work on Open Angel Canada. Yes, our founder entrepreneurs need to think big. But, the best of them that do get sucked directly into top tier US programs.

12 hours ago   ·  2
Boris Mann

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