It's actually two problems:
1. Way too many accelerators with no $ using government money to keep a fancy job
2. Exit market is limited due trading multiples compression
2 is more structural, 1 incentivizes fake KPIs
If you disagree, "you're absolutely right!"
5 / 5 stars no drama.
Venture capital in Canada is very simple.
We’ll back American companies swinging for the fences, watch them turn into monsters, then come home and treat a Canadian founder raising a normal seed round like they asked to buy NASA.
Best we can do is $10K, 11 meetings, and a full exit strategy for a product that launched Tuesday.