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Angel investing is awesome. But, it’s 100x more awesome when angels band together. My wife and I recently moved back to Toronto from London and are looking to get connected to a local angel group. We specifically want to invest alongside other founders/entrepreneurs who are focused on helping entrepreneurs with smart, fair deal terms and ongoing support and mentorship.

We have both been founders (two exits for me). My wife worked with a VC fund in London and has extensive experience working with early-stage companies, helping them reach product-market fit, raise seed rounds, etc. If there are any groups out there looking for a couple new members who will pull their weight, please let me know.

(If we don’t get any takers, we will start our own syndicate - so let me know if that interests you!)
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Sarah Lambert, Claude G. Théoret and 43 others like this

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Craig HunterEnjoyed meeting last week Raj, welcome back to Canada! 🇨🇦

6 hours ago   ·  2

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Jaxson KhanAlexander Norman

6 hours ago   ·  4

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Chris HamoenNice!

5 hours ago
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Satish KanwarDon’t know much about all of the formal groups (Alexander will with Angellist), but we invest alongside a lot of great angels and early stage funds in the city. Just a matter of connecting with more folks like you are to start 🙂.

4 hours ago   ·  4

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Steven PulverHey Raj! There’s some amazing players in this space. That said, the Fireside community could definitely be in for some kind of new syndicate. Send me a message if you’d like to chat!

4 hours ago   ·  1

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Steven Pulver

Marcus RäderCount me in if you start your own group! Welcome back!

3 hours ago   ·  1

1 Reply

Marcus Räder

Balaji GopalanFor what it's worth, the Groups here aren't all the same in my view, and there are more efficiencies to have but positive efforts in place. Happy to discuss.

3 hours ago   ·  1

1 Reply

Balaji Gopalan

Prem KalevarHey Raj -- The angel investing ecosystem here is still pretty nascent, so there's a great deal of opportunity for a savvy & experienced operator like yourself. We'd definitely love to have you come out to our next event, despite the name, we are not exclusive to Waterloo alum: www.waterlooalumniangels.com/

3 hours ago   ·  3

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Prem Kalevar

Ted GrahamI’ve been to a few in person groups like Angel One in Oakville and the NACO national meeting but I tend to like the CareGuide 60+ angel mafia who organize themselves via email (we also have a bit of an informal ex-McK group which refers stuff to one another). I’ve just started doing AngelList syndicates as a first try at broadening the number of my deals and allowing others to invest at lower levels.

48 minutes ago
Ted Graham

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Can we talk about a special kind of BS? Canadian “VC’s” funding companies based on milestones / tranches. Friends don’t let friends take these deals. Discuss. ... See MoreSee Less

Nima Halfmoon Gardideh, Sandy Ward and 31 others like this

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Ian Andrew BellHow about VCs who don’t make their tranche payments even when there are no conditions? 🙂

6 days ago   ·  5

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Sydney WongFeel like there's a story behind this post..

6 days ago   ·  3
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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 ;)

6 days ago   ·  2
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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.

6 days ago   ·  1

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Shaa DeeFriends don’t let friends deal with VCs period. Seek angel investors instead

6 days ago   ·  4

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David CrowThe only thing we know about most plans and the milestones in them, is that they won't come true. I do not like green eggs and ham. I do not like tranched deals Tom I am.

5 days ago   ·  15

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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.

5 days ago   ·  5

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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 ?

5 days ago   ·  2

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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.

5 days ago
Raj Singh

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.

5 days ago   ·  4
Christopher Pyper

Ian Andrew BellBDC used to do tranche deals all the time. Then again, BDC used to do early stage investing.

3 days ago   ·  1
Ian Andrew Bell

Eric KryskiFor those that don't know, here is a short piece as to why traunched deals aren't really any good for both parties. www.forbes.com/sites/entrepreneursorganization/2013/12/20/tranche-investing-will-kill-your-startu...

3 days ago   ·  3
Eric Kryski

Peter CarresciaThese kinds of posts are not helpful at all. Not entirely sure why you find it necessary to crap on Canadian VCs in such a generalized way. As Eric Kryski link to the Forbes article in this thread shows, tranched funding is done by lots of investors outside of Canada. There are places and situations where tranched funding makes sense. Without knowing the details of any specific situation, it is hard to be able to make a blanket statement like 'tranched funding is bad'. For example, an entrepreneur may be stuck with a situation where it is tranched funding or no funding. In that case, the investor believes in the business more than anyone else, so who are any of us to criticize the investors propensity to accept risk? Or tell the entrepreneur to walk away from their dream vs taking the funding? Friends don't let friends take advice from people that aren't qualified to give it. Just as bad as amateur VCs are so-called 'experts' that give entrepreneurs bad advice on things they have little experience or expertise on.

2 days ago   ·  2

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Peter Carrescia

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