You have to hand it to Growthworks - when management fees fall across the industry, they find ways to diversify.
Last week Growthworks anounced its intent to acquire Mutual Fund Manager Mavrix. To do so, it is likely GW rolled over some of their own management fees received for managing GW assets into buying, effectively, more management fees (i.e., the one Mavrix earns for managing its own assets).
What does Mavrix have to do with venture capital? Nothing, as far as I can tell. But if they provide one VC which a creative source of operating capital, I'm on board.
GrowthWorks is a recognized leader in the Canadian venture capital industry, specializing in the management and growth of regionally based venture... [more]
Suzie Dingwall Williams
Suzie is a partner with Venture Law Associates LLP in Toronto, Canada, a boutique law firm representing entrepreneurs and emerging companies. Admitted to the New York and Ontario bars, Suzie has worked on Wall Street and Bay Street and at Nortel Networks. Suzie's start up stripes were earned as part of the founding team of Saraide.com, a...[more]
