Joined September 2019
357 Photos and videos
You can read all our top posts here: opmwire.com/tag/top-posts/
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Sean Silcoff always has the best stories: angel investors are even weirder than I thought
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As I said, the Westons got jealous of BetaKit and launched BeGiant
29-year old Canadian entrepreneur @goswish has co-founded two companies (Dunk, Surf) and written a book. Now he's onto BrokerPlus, serving mortgage brokers, plus angel investing. "Nowadays, it's a lot more around focus." More from @StacyLeeKong: begiant.ca/stories/people/sw…
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The best way to understand Cohere is to follow its equivalent in France, Mistral: they have been more transparent about their pivot to being service providers (they even use other firms' open-source LLMs) Cohere CEO Aidan Gomez was an angel investor in Mistral!
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The Canadian media is just not doing the work to properly report Cohere's standing and business model
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Big fight between @joshcrumb, CEO of one Abaxx Technologies $ABXX and one Viceroy Research @viceroyresearch , which published a short report a few days ago Abaxx is a $1B tech company on TSX, (if current market value holds)
Anatomy of a Reverse Pump and Dump Conspiracy Vol II (short and distort operation) They execute their market manipulation through β€œclever” typos and horrendously misstated financials (that a 5th grader with AI could have caught in editing), while grasping at straws elsewhere (perhaps that’s even the point? ..keep regulators focused on the nothing burger tweet threads while the stock operation was the material financials mistakes in the report…notice how their πŸ—‘οΈπŸ”₯ financials comments weren’t the main part of the Twitter story with a company funded for 6 quarters with growing [world class institutional] onboarding, products and OI). This report doesn’t need to stand the test of time because it’s a 30min stock [manipulation] operation that works or fails on the first trading day, the short seller is already working to cover the morning of the stock manipulation (see exert from a Bloomberg article from another short and distort operation testimony belowβ€”the hedge fund and shady shell game company with the newsletter are interchangeable). ..Every pattern seen in our stock the weeks before and morning of matches the article. We have all of the reverse pump and dump data captured for regulators, Morgan Stanley, etc. They already failed their operation in the market IMO, but now their next task is to try and avoid ankle bracelets as all the rats start to turn on each other (this newsletter and the funds will be slippery across jurisdictions though, a big part of the operation). Had a number of great conversation around Toronto yesterday. Mr. S will have his face plastered on a wanted poster around Toronto on Monday. Many capital markets people in Toronto want to see these guys hang as well, tired of Canada’s bad reputation, but haven had the neurodivergent CEO with the global regulator relationships that we do. All information is coming to light already (especially with my key plant pulling the pieces together). We coming
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Couple of things: -uses a very old photo of Ruffolo, not representative of current reality -how come Som Seif is not listed as a supporter???
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Canadians collectively are worth ~12 x Elon Musk from bullpen.finance
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Not worried about $SHOP.TO But interesting experiment
So... I built 80% of the core features of Shopify in 30 hours. After 20 years of working in e-commerce, I wanted to ask myself a question: how hard would it be to recreate all of Shopify's important SaaS storefront tech if I πŸ§‘β€πŸ’»πŸ€–πŸ§‘β€πŸ’»πŸ€–πŸ§‘β€πŸ’»? This is what I found. πŸ§΅πŸ‘‡
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Is this a more credible threat than TD? @tobi x.com/tobi/status/1835131213…

15 Sep 2024
lol
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Congratz to Captain Olivia Steedman of Teachers...her first venture investment was SpaceX back in 2019, a stake now worth many billions She also helms a patrol boat that identifies risks for Teachers
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Boris Wertz and Angela Tran of Version One Ventures, big profile
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OPM Wire πŸ’°βš”οΈπŸ‡¨πŸ‡¦ retweeted
Koho, the online bank challenger bank, is buttressing its bid to become a federally regulated bank with a $130-million financing round to build its capital base and product suite, @StefanieMarotta and @SeanSilcoff report. The financing amounts to β€œthe last piece of the puzzle” in its bid to secure a Schedule 1 bank license, which would allow Koho to accept customer deposits, CEO Daniel Eberhard said in an interview. That could come as early as this year and would allow the financial technology company to provide lower-cost products and fill gaps in its banking services, he added. The financing also substantially increases Koho’s valuation, to $1.33-billion including the money raised, from about $760-million in 2024 when it raised $40-million in equity. That makes Koho the latest private Canadian fintech to surpass a $1-billion valuation, joining Wealthsimple Financial Corp. and Nesto Inc. Koho has raised $507-million in equity to date. The proceeds from the new financing provide Koho with the initial capital base required to meet the regulatory conditions to operate as a federally regulated bank. The license will allow Koho to hold customer deposits, providing it with a cheaper source of funding - 70 per cent below its current cost of capital - and putting it on equal footing with Canada’s big banks, Mr. Eberhard said. πŸ”— theglobeandmail.com/business…
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Stack Capital $STCK.TO
An $8-million SpaceX investment turns into a $100-million windfall for small Canadian investment company theglobeandmail.com/business…
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I was forced to write a post about the rampant propaganda surrounding Cohere:
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OPM Wire πŸ’°βš”οΈπŸ‡¨πŸ‡¦ retweeted
Caisse and Fidelity among investors in $300-million funding round by digital mortgage lender nesto theglobeandmail.com/business…
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Some strong words about Cohere from @DJLougen "garbage enterprise models" that's my impression too
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BlackNorth is helping OSC recruit Black people to their regulatory grift This is wrong! Black people deserve real jobs like being doctors, plumbers or farmers!
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Andrew Left securities fraud conviction
48% sad!
52% not sad!
56 votes β€’ Final results
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