Venture Capital

Canadian venture capital sufficiency study: Key takeaways

Canada ranks third in absolute venture capital (VC) dollars invested, but businesses that rely exclusively on U.S. and other foreign funding in their Series A round raise more money than Canadian-financed firms, according to a study from the University of Toronto's Impact Centre. ...

Domino’s Pizza CEO taunts venture funded food delivery services

Domino’s Pizza (Domino’s Pizza Stock Quote, Chart, News NYSE:DPZ) missed estimates for its third quarter revenue and earnings but the world’s largest pizza chain will be fine in the long run, says CEO Ritch Allison, who thinks that the venture capital money propping up delivery companies like ...

Largest ever Canadian venture deal worth $515 million secured by Newfoundland software company

Verafin, a Newfoundland-based financial crime management software company, recently completed a CA$515 million financing transaction, the largest venture funding deal in Canadian history. ...

Reflections on my first year as GP (and six years in VC!)

The first week of September is my VC anniversary. This milestone is always a great forcing function to reflect on the past year, my contributions to the startup community, as well as my overall goals. I’ve now been in VC for six full years, and I’ve written reflections dating back to 2013 when ...

The Version One Promise to Founders

The venture capital market has become very noisy over the past few years, especially on the early-stage side. Not a day goes by that a new fund isn’t being announced. Entrepreneurs have an increasing amount of financing options – that’s good news, but it also makes it harder to choose the rig ...

My journey of finding a coach so far…

Inspired by Bill Campbell’s influence and having seen firsthand how our founders and CEOs have grown as a result of having an executive coach, I recently put out a call on Twitter for recommendations for coaches. I received a ton of recommendations (happy to share if you ping me) – thank yo ...

Charting return multiples over time

Last week I blogged about the return multiples for our Fund I and how they perfectly illustrate just how much the power law drives VC return. Alex Norman from AngelList asked how these return multiples have changed over time and what insights could be won from that data. It was a great question and ...

Seven years into Fund I: charting the return multiples

We raised our first fund in summer 2012. It was a $15m early-stage fund that we invested in 20 portfolio companies over the course of two and a half years. We’re now seven years in and the portfolio is maturing. I plotted the return multiples (as of June 30, 2019) for all 20 portfolio companies i ...

Still growing our team

A year ago, we set out to add to our team. You may recall that we opened a search for an associate last summer. We appreciated spending time with many candidates, as well as the many intros and referrals from our friends. Unfortunately, we didn’t find someone who was the right fit for us – and ...

Can Marketers Leverage Reddit? (Grow Even Faster Newsletter)

My new job at Daisy Intelligence is great but the commute is awful. Who knew that traffic in suburban Toronto was as bad as downtown! The upside – as you can probably tell – is I have discovered podcasts. (Note: Stitcher is a great listening tool). One of my favorites is Pivot featuring Kara ...