Founder & Managing Partner, Maverix Private Equity / Founder, OMERS Ventures / Co-Founder, Council of Canadian Innovators. Love entrepreneurship & innovation.

Joined March 2011
201 Photos and videos
John Ruffolo retweeted
Jun 12
You have absolutely disgraced yourself publishing this, globe. We all clearly don’t hate the media enough.
Opinion: SpaceX IPO makes Elon Musk the first trillionaire. Here’s how to properly hate him theglobeandmail.com/business…
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John Ruffolo retweeted
Trillions of dollars of energy infrastructure has to be sited, financed, built, and run. The software making that possible is its own category now. @ericmogilner maps it out by lifecycle stage. Worth a read for anyone tracking the energy build-out. Link in the comments below👇
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John Ruffolo retweeted
The level of fraud here is mind-blowing
Nithya Raman even LOST her own district (CD-4) to Spencer Pratt and Karan Bass, but you expect us to believe she beat them BOTH by winning 40% of the vote in the rest of the city by mail-in ballots? 🧐
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John Ruffolo retweeted
With her performance last week at the Longhorn Elite Invite, Canada’s @summermcintoshh now owns 9 of the 10 fastest 400m IM swims in HISTORY 🇨🇦🤯
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John Ruffolo retweeted
P*ssed off father addresses township board over the cover up of an accident where his wife his son were hit by the son of a friend of the chief of police. This father is demanding accountability at a North Huntingdon Township Board of Commissioners meeting, but the backstory behind this confrontation is a chilling look at a family's fight against small-town corruption. ​On July 7, 2024, Kathleen Morcheid was driving with her 13-month-old son, Jordan, when a vehicle driven by 22-year-old Nolan Patrick Mullen crossed the center line, striking them nearly head-on. Accident reconstruction experts later testified that Mullen was flying at 90 MPH in a 35 MPH zone just five seconds before the collision. ​While the toddler miraculously survived without major injuries, Kathleen suffered life-altering harm, including a severe traumatic brain injury and permanent physical tremors that stripped her of her career as a nurse. ​Nicholas Carrozza, the child’s father seen at the podium, quickly uncovered what he alleges is a deep-seated conflict of interest. Local critics and public complaints allege that Mullen’s father was close personal friends with high-ranking local police officials. Carrozza claims responding officers failed to perform standard on-scene sobriety testing, ignored witnesses who saw the driver laughing after the crash, and systematically stonewalled his family's Right-to-Know requests for body camera footage and basic police reports. ​The systemic frustration peaked when the District Attorney’s office offered Mullen a lenient plea deal—dismissing the felony chargesin exchange for probation and home electronic monitoring. Fortunately, a Westmoreland County judge took the unusual step of rejecting the plea deal, stating home monitoring was entirely inappropriate for an offense requiring prison time. Carrozza fought back with constitutional law. He openly called out Township Manager Harry Fulk for attempting to bypass him, exposed threats of arrest from the DA for asking questions, and vowed to strip the board members of their qualified immunity via a federal civil rights lawsuit under 42 U.S.C. § 1983. As of June 2026 ​The fallout has turned into a massive First Amendment battle. Instead of transparent answers, local authorities hit Carrozza with a wave of criminal charges, ordering him to stand trial for misdemeanor counts of disrupting a public meeting, illegal recording in a police lobby, and endangering a public official after he posted an officer's photo online to criticize the department. ​Carrozza maintains that these charges are an unconstitutional overreach designed to criminalize citizen activism and silence a father demanding justice for his permanently injured wife and child. Meanwhile, the family home has fallen into foreclosure due to mounting medical debt. As far as the driver. Mullen's defense attorney requested a special pretrial hearing to challenge the state's evidence, specifically arguing that Morcheid's injuries did not legally meet the threshold of "serious bodily injury" and that the felony charge should be thrown out. ​Judge Stewart firmly rejected the defense's request to drop the felony charge. The judge noted that Morcheid's daily life remains entirely upended by her ongoing brain injury symptoms, headaches, speech issues, and physical tremors. The prosecution also successfully presented accident reconstruction data proving Mullen was driving 90 MPH in a 35 MPH zone just five seconds before the impact, which the court agreed was the absolute "definition of recklessness." Because the defense's efforts to dismiss the charges failed, Judge Stewart ruled that the final determination of fault and the severity of the crash must be decided by a local jury. Mullen remains charged with felony aggravated assault by vehicle, misdemeanor reckless endangerment, and multiple traffic summaries as the case moves toward a formal criminal trial.
Nothing is more jarring than when you see interactions between law enforcement and the pubic go wrong esp if it's the officers that are in the wrong. It gets taken to a whole new level when even after the mistake is made, the officer tries to double to down to cover their error. Got an interesting one coming soon on this subject.
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John Ruffolo retweeted
We’re all excited and proud that Toronto is hosting the World Cup; but as taxpayers continue to foot the bill, Mayor Chow couldn’t even bother to negotiate with FIFA to give back to our city’s residents. New Yorkers got $50 World Cup tickets. Torontonians? A $380 million bill.
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John Ruffolo retweeted
I'm running for Mayor because I believe Toronto should be safer, more affordable, and easier to get around. I’m running because Torontonians are tired of excuses from City Hall, and want a Mayor who takes responsibility and puts the work in to make our city better. Together, we can choose something better, and make Toronto a city that we can be proud of.👇 nationalpost.com/news/toront…
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John Ruffolo retweeted
Ottawa wants to pick winners in Canadian AI. New @TankTalkPodcast with @ruffoloj, the biggest week in AI capital markets yet: 🇨🇦 Canada's leaked national AI strategy a new Tech Growth Fund taking direct equity stakes in startups 💰 @AnthropicAI's $65B raise at a $900B pre-money and the IPO race vs @OpenAI and @SpaceX 🏗️ Alphabet raising $80B (incl. Berkshire) to fund AI infrastructure, despite massive free cash flow 🚨 Michael Burry vs NVIDIA's "fugazi" GPU financing: SPVs, off-balance-sheet debt, opaque credit risk Is this a new AI market cycle, or are the biggest players raising before the music stops? Watch & listen: [link]
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Congratulations @tobi on the 20th birthday of @Shopify !! This video gives me chills from over a decade ago when u IPO’d and I will never forget our coffee meeting back in 2013 when you told me how you got that point and exactly where you were going. Its been incredible since 🚀!
Replying to @tobi
IPO video from 11y ago. What a vibe. youtu.be/EDleqidmsXA?si=z7Gx…
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John Ruffolo retweeted
Shopify launched to the public 20 years ago today
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John Ruffolo retweeted
Excited to share that we've closed two new funds at @VersionOneVC: Fund V ($78M) and Opportunities Fund III ($30M). Our focus remains the same — backing exceptional founders early, often before a category is obvious or crowded. We're investing globally at pre-seed/seed across AI, robotics, deep tech, biology, decentralized systems, and emerging ecosystems like India and Africa. The founders we're most drawn to aren't chasing trends — they're mission-driven people with unusual insight solving problems they understand intimately. Many of the most important companies of the next decade will initially look misunderstood or too early. That's where we want to be. Thank you to our LPs and community for their continued support. And above all, to the founders who give us the opportunity to be part of their journeys.
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Canada is the richest country in the world. Canadians just don’t know that yet. 🇨🇦🇨🇦
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I’m often asked if I am a “tough on crime” Liberal. It’s the wrong question. What I do believe is that we’ve lost an important principle in Canadian justice: 🇨🇦 The law should apply equally to all, without discrimination 🇨🇦 I don’t think many disagree. But what do I mean? When it comes to justice, I believe verdicts/sentencing should be be based on three simple factors: 1) The crime committed 2) The harm done to the victim 3) The future risk to society That’s it. Factors specific to the criminal such as: - Social determinants (income, education) - Mental health or addictions - Cultural, religious, or ethnic identities - Immigration status Shouldn’t be considerations in sentencing, as they result in discriminatory application of the law. This is obvious to most people! Now, they could matter for where a sentence is carried out (eg, asylum/rehab for those whose mental health or addition issues led to criminality). But they should not result in reduced sentencing. Also, frankly, our tolerance level for non-citizen criminality should be zero. In fact, I find recent cases of reduced sentences due to deportation risk on the criminal to be highly prejudiced; as if there are not millions of good people who live in the countries they would return to. Ontario/Canada is not a charity, our standards for creating new citizens should be high! Furthermore, I do think we should take cases of recurring public nuisance and repeat offending much more seriously. Why? Because public safety, and perceptions of it (such as on transit or in the ER) are hugely important for social trust to invest in great public systems. For example, in April, the Globe and Mail reported the arrest of a troubled man in Toronto with over 125 convictions in 30 years! 10 days after release from a 20 month sentence. That is obviously a terrible outcome for justice and public safety. Repeat offenses, even for petty crime, should result in far stricter sentencing given the risk to the public. Common sense! Many of these individuals also deserve dignity, treatment, shelter, and care. There are some people who can’t function on their own in society and we should help them. It would benefit everyone and cost less than the status quo. In 1965 we had nearly 230 mental health/asylum beds per 100K people. Today it’s closer to 30 (1/7th). It’s okay to admit we were wrong in unwinding this system so much and invest more in mental health and rehab beds as part of our health system. Look, I use transit nearly every day, so I share the frustrations people have for how frequent and visible disorder has become. It’s a real problem that only seems to get worse each year! And look, I still align with many progressives who think we should prioritize prevention and mitigation against crime through understanding social factors behind it, and invest in mitigation. But it’s not one or the other, it’s yes, and! I don’t think any of this is “tough” or “weak” on crime, just common sense. That’s what we need to see return to criminal justice. And this will guide my approach, if I am ever elected.
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John Ruffolo retweeted
Blue Origin just vaporized a rocket, a launch pad, and Amazon's entire satellite deployment timeline in nine seconds. NG-4 was supposed to fly June 4 carrying 48 Amazon Leo satellites. That mission was the first of 24 contracted Blue Origin launches Amazon needs to build its Starlink competitor. Amazon has roughly 240 satellites in orbit against an FCC requirement of 1,618 by July 2026. They already filed for a two-year extension because they were falling short. Losing your primary heavy-lift rocket on the pad doesn't help that math. The pad damage is the part people aren't thinking about. New Glenn carries roughly 2.4 million pounds of propellant. The explosion toppled one of LC-36's lightning protection towers. That launch complex took years to build and billions to outfit. You can manufacture a new rocket in months. You cannot rebuild a launch pad in months. The cascade gets worse. Blue Origin's Blue Moon MK1 lunar lander is supposed to launch on New Glenn this fall for NASA's CLPS program. That mission is the pathfinder for Artemis III, which needs Blue Moon MK2 to fly on New Glenn in mid-2027 to land astronauts at the lunar south pole. Every month LC-36 sits damaged pushes Artemis further into the late 2020s. Jeff Bezos has two companies betting on the same rocket. Amazon Leo needs 24 New Glenn launches to close the gap with Starlink. NASA needs New Glenn for Artemis. Both timelines just broke simultaneously, and LC-36 is on fire.
Blue Origin's New Glenn just blew up at LC-36 while attempting to Static Fire ahead of NG-4. nsf.live/spacecoast
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John Ruffolo retweeted
Canada’s history is that of a nation of pioneers, builders, and warriors—and we can be that again. I was thrilled to moderate a panel on ‘Building Canada’ with leading 🇨🇦 builders & investors @ruffoloj and @ddebow. Where some of the discourse during @TOTechWeek has been concern, we focused on what gives us hope for the future and the actions that can be taken to remove the barriers to growth, entrepreneurship, and prosperity.
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John Ruffolo retweeted
That was Claude 3 days ago… RIP and thoughts and prayers to his family and friends

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John Ruffolo retweeted
It is actually impressive that the CBC managed to publish an entire story about posters of a missing Jewish girl being torn down without actually printing the word. Are posters being torn down because people don’t like the font? CBC literally doesn’t say!!
What the HELL is this story, CBC? "The community"?? cbc.ca/news/canada/toronto/e…
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John Ruffolo retweeted
Mayor Chow can say she cares about Scarborough - but actions matter more than words. And Scarborough has been left behind too many times. As mayor, I’ll get homes built, transit delivered, projects approved, and investments moving again. Because Toronto doesn’t end at Victoria Park or the 401. 👇
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