Most Popular
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Is there any ACTIVE early stage venture capital in Toronto?
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There are a number of active early stage VC firms in Toronto: Mantella Venture Partners, Extreme Venture Partners, GrowthWorks, INKEF (OMERS new fund) and BBPF just to name a few.
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Do you need to have a business plan developed before meeting with vc's?
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A traditional full-blown business plan is rarely required in a first meeting with a VC. Another way to look at this question is “how prepared should you be with your business before approaching an investor”. If you have easy access to a VC (i.e. a friend or close colleague), you can certainly bounce a few ideas off of him/her relatively freeform. If, however, you lack easy access (like most entrepreneurs) then don’t risk wasting a hard to get meeting by arriving un-prepared. Put together at least a few slides or a short executive summary outlining the idea, the market, the team and whatever else you think is needed convince a VC that you have the “new new thing”.
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When looking a team of an online venture, assuming it's a seed round, does not having a technical team member really hurt an investors opinion? Or is this something this can be viewed as a first hire or outsourced.
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It really depends on the business but speaking for us, a strong technical founder is critical. Most of our investments are centered around a technical thesis and our confidence in a company’s ability to evolve, change or just deepen the technology around this thesis will be highly dependent on the team/person responsible for it.
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We are two partners and an angel. We already know we need to seek additional funding, should our share %'s be discussed and possibly re-negotiated prior to seeking additional funding or during so we can see what the terms of the new deal may be?
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You should have the terms of the relationship between your existing partners figured out before courting others to join.
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