Author: Jevon MacDonald

Seed investments into cohorts of startups (think: Y Combinator, TechStars) are popping up across Canada. And there is sure there is to be more to come…

On the tail of the ExtremeU class of three in 2009:

• Assetize enables social network users to monetize their accounts.
• Uken creates highly addictive social games.
• Locationary aims to be the World’s place database.

Bootup Labs has announced a class of six for January 2010:

• Blast Ramp is collaborative distribution platform for companies that sell and ship consumer products.
• Compass Engine helps developers create the next generation of location based games.
• FoodTree brings the community and transparency of the farmers market online.
• ReadFu brings contextual summaries for every link.
• Status.ly is a device-independent lifestream aggregator with focus on personalized customization and filtering.
• Zedmo lets you find events and social topics. Discover “channels” according to location, popularity, or topic.

It is great to see these initiatives taking shape, if not a small exodus of founders would continue to head south in search of more fertile startup pastures. Case in point: Toronto’s Christopher Golda and Mike Montano, who were recruited to participate in Y Combinator, created BackType, and received Series A funding from True Ventures.

As exciting as this investment activity is, the question remains: is it sustainable?

In terms of ROI, seed stage investing is notoriously difficult. Run the numbers yourself Johnny Appleseed: small amounts of capital + dozens of companies to manage investments in + just three months to build something = lots of work – uncertain returns. The challenges are compounded if the ecosystem lacks investment capital for follow on financing, in which case these projects might die on the vine.

So here is hoping that in 2010, and I strongly believe this will be the case, Angels continue to step up to the plate to bankroll months 4-12 and VCs make a triumphant return to Canada.

KPMG will be hosting a free seminar tomorrow morning on Going Public.

Location: Westin Prince Hotel, 900 York Mills Road, North York, Ontario (Map)
Time: 8:00am – 11:00am

If your schedule is booked, but you are still interested in receiving a guide on Going Public, register online and a complimentary copy will be mailed to you.

Gain valuable insights from a TSX representative and CFOs who have taken their companies public as they share their outlooks on current market conditions and their experience on the challenges and successes of the going public process. Together with KPMG professionals in audit, tax, and advisory, they will highlight critical matters to be addressed at each stage of the process.

Commencing with a short presentation on listing with the TSX, followed by a panel discussion, this session will help you understand what going public means for your business and the key elements you need to consider, including:

– current market situation,
– how to know when your company is ready,
– the main challenges you can expect in preparing to go public and how to address them,
– critical steps in executing a successful IPO,
– governance, accounting, and tax reporting considerations to be addressed at each stage of the process, and
– what to expect after transition to life as a public company.

This seminar is designed for active audience participation and will provide you the opportunity to ask the questions you want the answers to. Our objective is to help you make a well-informed decision and map out an effective strategy and path to taking your company public. All participants will receive a copy of KPMG’s guide on Going Public.

Don’t you just love the fact that folks are even thinking about going public again? Oh sunny days!