In an exciting development for Alberta-based startups and small businesses, the Alberta Securities Commission has adopted a new rule – Prospectus Exemptions for Start-up Businesses (ASC Rule 45-517). The rule is designed to streamline small, local investment rounds for startups and high-growth companies, while still providing appropriate levels of investor protection. The issuer cannot be […]
In another Toronto startup success story, Internet of Things retailer Ecobee recently closed a $35 million funding round. Lead investors include Amazon, Thomvest and Relay Ventures. The investment will support the development of the Ecobee3 smart thermostat, a Wi-Fi-enabled device with remote sensors. Notably, this financing represents the single largest investment yet from Amazon’s $100-million […]
Brandon Corman, Managing Director of Maple Leaf Angels, appeared on Bloomberg North to talk about the organization’s commitment to making investment decisions within 48 hours. Brandon discusses with Amber Mac and Anthony Lacavera whether this cuts the due diligence process too short. To view the video clip, click here.
Private companies are not required to share financial information. Semil Shah, an investor with Haystack Fund, highlights that nearly everything about the private markets is opaque, including what information is shared between companies and their potential venture investors, and even between the venture firms and the investors whose money they manage. The lack of disclosure […]
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