Venture Capitalist: Canadian Entrepreneurs Have an Unrealistic Expectation of Values

Posted by Knowlton Thomas

A panel of Canadian venture capitalists gathered to speak this week to discuss the gap in understanding between entrepreneurs and investors.

Wind Mobile CEO-turned-VC Anthony Lacavera said during the panel, organized by the Empire Club of Canada, that young Canadian entrepreneurs often possess “unrealistic expectation of values." However, VCs are also at fault for Canada's mediocre startup funding system: investors need to overcome the nation's "culture of risk aversion” to truly succeed, according to Lacavera.

Other panel members included John Ruffolo of Omers Ventures and Amar Varma of Xtreme Labs, who unanimously agreed that Canada's startup financing ecosystem is in need of improvement.

Of course—and the panel was not shy of pointing this out—that raising venture capital is merely one of multiple options, and not always the best one. “Venture capital is just one source of financing—and it’s the most expensive source of financing,” noted Ruffolo.

Company:
Xtreme Labs
Website:
http://www.xtremelabs.com
Location:
Toronto, Ontario, Canada

Located in Toronto, Palo Alto, and New York City, Xtreme Labs leads the world’s biggest brands in creating award-winning mobile products. Xtreme Labs’ expertise in mobile spans both the consumer and enterprise industries, providing a wide range of solutions for mobile, tablet, TV, mobile web, connected devices and more. All projects are handled in-house by a talented team of engineers, designers, product managers,... more

Company:
Wind Mobile
Website:
http://www.windmobile.ca
Location:
Toronto, Ontario, Canada

Simply put, we want to create the most unforgettably positive customer experience in Canada. How? By speaking with you, not at or over you. By making every site you visit, every store you set foot in and every call you have with us into a meaningful conversation to help build something better - together. We'll make it as easy as possible to be a customer. You'll have more control over your mobile experience than... more

Company:
OMERS Ventures
Website:
http://www.omersventures.com
Location:
Toronto, Ontario, Canada

We're OMERS Ventures and we are as passionate about your success as you are about your company. We are looking for like-minded partners who have a shared vision of building a vibrant and successful Canadian knowledge economy. OMERS Ventures is the venture capital arm of OMERS, one of Canada's largest pension funds with over $53 billion in net assets. more


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Knowlton Thomas

Knowlton Thomas

Knowlton is the managing editor of Techvibes. Based in Vancouver, Knowlton has been published in national publications and has also appeared on television and radio. Previously he was an editor for New Westminster weekly The Other Press and served on its board of directors. When not working, Knowlton enjoys playing tennis or otherwise enjoying the outdoors. more



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