Canadian Tech Startups More Focused on Revenue than a Big Exit

Posted by Techvibes NewsDesk

According to a PwC report released last week, fewer Canadian tech startups are looking for buyers in order to exit the market, choosing instead to find ways to reach their next growth stage and generate revenue in Canada.

In the report titled 2013 Report on Emerging Canadian Technology Companies, PwC reports that 44% of startups polled are looking for a merger or acquisition to exit the market, a steep drop from 76% in the prior year. The survey polled 200 chief executives in February and April, and those findings reflect their strategies for 2012 and 2011.

The survey shows 21% of respondents anticipate a partial sale of the company, while 30% have no plans to exit at all.

Expanding on that trend, CEOs say they are staying put because more than one-third reported their companies had reached profitability, while another 28% expect to do so within one year.

According to the report startups noted revenue generation (41%) and funding (19%) as the biggest concerns over the next 12 months.

Company:
PwC
Website:
http://www.pwc.com/ca
Location:
Toronto, Ontario, Canada

In Canada, PwC has more than 5,200 partners and staff in locations from St. John's, Newfoundland to Vancouver, British Columbia. Now celebrating more than 100 years of excellence in Canada, we provide industry focused assurance, advisory and tax services for public, private and government clients in four areas: Corporate accountability Risk management Structuring and mergers and acquisitions Performance and... 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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