Peter DavisonAwesome to see the connecting of the dots! Love both Notman and Toronto DMZ :)
44 minutes ago · 1
Varun MathurI view it as one community of Motorloo - Montreal/Toronto/Waterloo/Ottawa. The 5 hr drive between Montreal to Toronto, shorter and smoother due to the new highway 407 extension and 412 -- is just about 3x the drive from SF downtown to SV. By train it is just 4.5 hrs with wifi on board.
Apple Inc. has dozens of software engineers in Canada building a car operating system, a rare move for a company that often houses research and development projects close to its Cupertino, California headquarters, according to people familiar with the matter.
Sharing at the group's request. Have attempted to clarify all pertinent elements of OSC's 17-page decision, with a glossary at the bottom (there are a lot of terms and conditions). Pay attention to the disclaimer.
Have also spoken with Alexander Norman and we're going to get any questions posted on the article's comments section (and I guess here) to AngelList and the OSC, and then update the article as needed. I'm sure you also have a lot of feedback as well, so feel free to share that, too. =D ... See MoreSee Less
Hello StartupNorth community! I am seeking your advice and ideas on something. NACO (www.nacocanada.com) is moving offices (out of MaRS) early in the new year.
While we are sad to be leaving MaRS (it's a really cool space), I'm trying to look at this as not only a physical move, but as an opportunity to get NACO more closely connected to the local startup community. After all, our mission is to improve the broader funding ecosystem for Canadian Startups.
I'm open to creative ideas and to co-locating with any other organizations or startups that would find it valuable to be in the same office with our national investor association.
Our needs are limited - we only need space for about 8-10 desks (only 5 full time staff currently), which I estimate at about 1000 sqft. Private or semi-private would be ideal.
If anyone has underused space they'd like us to consider taking over, or recommendations for us on who we should be talking with that has their ear to the ground working with startups in real-estate matters, please feel free to reach out.
Thanks in advance for any suggestions you might have for us. ... See MoreSee Less
Nora BiebersteinOneEleven is moving to a new space at the end of this year located at 325 Front St. We're supporting post-seed tech startups. If you want to learn more about our expansion and availability in our new space, please e-mail us at info[at]oneeleven[dot]com.
It's been a busy week at Wave HQ! Last week we launched our new Invoice app for Android. Today, we're announcing a new $14.6 million investment, $20MM in annual revenues, and our plans to grow the Wave team by 50%. It's a great time to be in tech in Canada! ... See MoreSee Less
Ben ZifkinWhen I moved back to Canada, Kirk was the first entrepreneur that offered to meet with me. He was instrumental in helping us set Hubba in the right direction. Kirk is the epitome of grit and resilience. If I wasn't running my own company, he is on a very short list of leaders I would love to work with. AND ALSO $20M ARR.
AngelList Syndication (finally) coming to Canada! While this has been already discussed within this group, here is a bit more detail and context on the decision itself.
With OSC having given its approval, with Canada’s passport securities regulation system in place, we can expect that (relatively) soon AngelList syndication capacity will be extended across Canada.
While there are still caveats, this should open up the door for more John Philip Green's to raise funding from vetted accredited investors for their own Careguides! Key elements of startup eligibility on pg 14: 1) 'experienced founder' with significant operational experience and/or past liquidity event (i.e. the Daniel Debow's!) 2) startups going through/completed 'accredited' accelerator programs (starting with CDL+NEXT Canada, others to come) 3) Startups that within past 3 yrs. received funding from the BDC Capital / Business Development Bank of Canada, MaRS IAF, OCE and/or FedDev Ontario.
There were a lot of people involved in getting this decision across the finish line, including Alexander Norman and the principals behind CDL and NEXT Canada, BDC and perhaps most importantly, the folks at AngelList who persevered through the Cdn regulatory process. ... See MoreSee Less
Douglas SoltysBetaKit is publishing a more detailed overview of the decision doc shortly. Stay tuned!
8 hours ago · 1
Alexander NormanMichael it is a bit more nuanced than your interpretation. There are several ways you can get syndicated and you can qualify based on who is leading your syndicate, who has previously backed or financed your company and/or is the team.
Varun Mathur<Deleted my post and posting as a comment instead on this thread>:
Awaiting BetaKit's better version and interpretation of the AngelList-OSC announcement. Meanwhile I went through their PDF in detail and looked up the associated terms.
Here is the key insight: Race to do this now before the 500 investor limit is consumed (where you already need to be an experienced founder, or have a venture investor investing at same terms as the syndicate or have received government funding) or apply and get admitted to their approved incubators.
Beyond this, this would be meaningless to you as a founder. It is a start, well-intentioned and thank you to everyone who worked really hard on bringing this here -- but this doesn't quite cut it thanks to OSC's restrictive take on this currently. This is a limited experiment at best right now - which would make sense from OSC perspective but not in touch with reality on the impact AngelList has had for US startups.
Please correct me if I am wrong / obviously looking forward to better, more informed explanations.
[email protected][email protected]nounce...
Sunil SharmaRubsun Ho CEO of Crowdmatrix has built an OSC-registered co-investment platform for accredited investors to invest alongside experienced lead investors without restrictions to certain incubator programs. It was a long and hard struggle with the OSC but I think it paved the way for these expanded rules.
2 hours ago · 3
Reuven CohenHow to lose money investing in startups. These schemes don't benefit the investors so much as the syndicator. and the startups get a bunch of random people who think they're VC's giving generally unwanted advice or worse when they lose their money, which is fairly likely.