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VC Rick Segal switches teams

Posted by Rob Lewis on Tue, July 28, 2009 4:34 PM · Filed under Toronto , Funding & Exits, Startups · Comments

Earlier this month outspoken VC Rick Segal of Toronto's JLA Ventures retired from active VC duty only to announce on his blog that he is switching teams.

For 8 years I’ve been doing the voodoo that VCs do and it’s been great.  I’ve realized, tho, Venture Capital is for the most part a spectator sport. You are a coach in some cases, yes, but in general, you write the check, do some nurturing but watch (hope for!) the growth.

I am not a good spectator. I am a terrible back seat driver (ask anyone!) and I really miss those days of making products and pressing the buttons.

His news seemed to come out of left field so it was good of Segal to assure his readers that the VC community in Canada is not dead and JLA Ventures is NOT the next VC casualty North of the border.

Segal believes that now is a great time to be doing a startup and that is exactly what he has planned. Of course, he's not yet sharing what he's working on.

Check out Segal's blog The Post Money Value where he'll be chronicaling his quest for startup glory and documenting everything from his own title selection to pitch slides.

 
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,... [more]

 
 
Company:
Fixmo
Website:
http://www.fixmo.com
Location:
Toronto, Ontario, Canada

Co-founders Rick Segal and Shyam Sheth along with their partner Joyce Janczyn believe there are a number of areas where smartphones could really... [more]

 

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Rob Lewis
Rob is the President of Techvibes Media Inc. and Editor-in-Chief of Techvibes.com.  His diverse background includes stints in International Trade Finance, Web Development, and Enterprise Software and he is a graduate of the University of British Columbia, British Columbia Institute of Technology, and Simon Fraser University. When not blogging on...[more]

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