Globe and Mail Article on the Breakdown of the Venture Capital Ecosystem in Canada

Posted by Varun Mathur

Globe and Mail, one of Canada's leading newspapers, published an article today on the declining state of the venture capital ecosystem in Canada, featuring interviews from some prominent local entrepreneurs and investors. This is something which we have talked about in detail previously here on Techvibes, noting how much the decline has been (worst in 12 years) and also reporting on other woes facing the Canadian tech entrepreneur when it comes to raising venture funding. Some interesting quotes from the article:

“As an entrepreneur, the odds are already stacked against you..By being in Canada, the odds are even worse ... that's not to say that there isn't great talent here, there's just a lot of great talent that gives up and they relocate.” - Albert Lai, successful entrepreneur who has dealt with both Canadian and US-based investors. Founder of Kontagent.

“We have very few domestic VC firms that have capital available to invest today ”, and on the flip side, “Our university students go to school with the thought process of exiting and getting a job somewhere, not doing a startup.” - Kevin Talbot, Managing partner with RBC Venture Partners and the BlackBerry Partners Fund.

“The country doesn't embrace failure...Somebody doesn't say, ‘This person started these things and they made mistakes, but now they're experienced, so let's try something again.' It starts from there. There's a natural tendency not to take a shot and see what comes out of it.” - Rick Segal, Partner, JLA Ventures.

What do you think ? What has your experience been ?

Company:
JLA Ventures
Website:
http://www.jlaventures.com
Location:
Toronto, Ontario, Canada

JLA Ventures invests more than just capital. Like you, we are committed entrepreneurs working hard to transform brilliant ideas into successful, technology-based businesses. Founded in 1996, JLA Ventures leverages its principals’ extensive operational, financial, and technological expertise to provide portfolio companies with the necessary tools to become industry leaders. We partner with highly motivated and... more

Company:
Relay Ventures
Website:
http://www.relayventures.com
Location:
Toronto, Ontario, Canada

Relay Ventures is an early stage venture capital firm that invests in passionate entrepreneurs disrupting and creating new markets through mobile technologies. Unlike other funds, Relay exclusively focuses on software for mobile devices and the connected Internet, creating an unparalleled set of networks and resources that tangibly help founders build world-class companies. With offices in Menlo Park and Toronto,... more

Company:
Kontagent
Website:
http://www.kontagent.com
Location:
Toronto, Ontario, Canada

Kontagent is the leading enterprise user analytics platform for social and mobile application developers, marketers and producers. Kontagent tracks more than 1,000 applications, over 100 million monthly active users, and in excess of 10,000 messages every second for customers around the globe. Founded in 2007, the company is headquartered in San Francisco with additional offices in Toronto and London. For more... more


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Varun Mathur

Varun Mathur

Varun Mathur is the Techvibes Community Manager in Toronto, focused on covering local tech startups, news and events. He is also a Co-founder and Product Manager at Zytran, a Toronto-based web startup which developed and launched Alertle.com - a personal news aggregator (Alertle's version 1.0 got widespread global coverage, with reviews written about it in various tech blogs and in over a dozen... more




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