Mike Edwards: 'Vancouver is Definitely Not a Hotbed for Angel Investing'

Posted by Techvibes NewsDesk

Mike Edwards is the executive director of Vancouver's GrowLab and a founding partner of InitioGroup, a seed investment company. So he knows a thing or two about the local startup ecosystem and, while he thinks our city is home to myriad brilliant entrepreneurs, he lacks confidence in the other side of the startup coin: funding.

When asked about the landscape of angel investing in Vancouver and whether it could be described as a hotbed, Mike affirmed that "it is definitely not a hotbed."

Speaking in a roundtable discussion for BCBusiness, Mike ran the puny numbers: "one angel investing group, one public angel investment company, and a few active angels. It's a very, very small community."

Mike confirms that tech startup titans south of the border, such as Silicon Valley and New York (and even Boston), have considerably superior angel communities. He also says that, even in Canada, Toronto and Montreal boast more active angel investing.

He points out that there are more than 300,000 Canadians living and working in Silicon Valley right now and it's certain that at least some of them are there because they couldn't find angel funding in Vancouver or other regions of Canada.

Company:
GrowLab Ventures Inc.
Website:
http://www.growlab.ca
Location:
Vancouver, British Columbia, Canada

GrowLab supports the World's best entrepreneurs through seed funding, office space, mentorship & programming in Vancouver & San Francisco. more

Company:
InitioGroup
Website:
http://www.initiogroup.com
Location:
Vancouver, British Columbia, Canada

InitioGroup is a Vancouver, BC based early stage investment fund led by Managing Director Mike Edwards. Our focus is consumer internet, mobile, and solving real problems. more


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Techvibes NewsDesk

Techvibes NewsDesk

Techvibes is Canada's leading technology media property.Founded in 2002, Techvibes covers technology and business news that impacts Canadians. We combine breaking local news with international coverage to deliver a unique balance of insight and information. The Techvibes Newsdesk covers a broad beat and publishes general news stories. If you have a story you would like covered, email... more



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