Growth Strategy Expert, Georgian Angel Network, StrategyTools Master Trainer, International Business Valuation Professional Education, Scale-Up & FundManger Simulations.
Why are Canada’s tech startups leaving for the U.S.? We answered your questions - https://lnkd.in/gb7gGKZP Never has the importance of the availability of capital for start up and scalinmg up companies been greater! And at the very beginning of the lifecycle of a startup is angel funding. Yet, the various agencies of provincial and federal governments are not listening to the concerns and challenges of angel investors as they work hard to support and help founders. Simply put, angel investing requires an ecosystem to help inspire angel investors.
Michael Badham, angels should not need government, unless in extremely early, emerging markets. Angels pay. Angels profit. Easy.
Rema Aljajeh
2w
A strong startup ecosystem starts with empowering angel investors without them, the pipeline for innovation and scale simply weakens.
They also need an economy to inspire them... When I was supporting angel investor/investor education programs (to inspire more angels in the Canadian ecosystem) the single biggest conversation was around whether the timing was right to carve out capital to invest with. These are people who have the money, have the interest, but the shifting tides of our economy make it hard to commit. Perhaps a stronger ecosystem is part of the solution to that!?
Daniela Tixi
2w
Angels are not recognized by the government as leaders in building an economy. In fact, outside 1-2 provinces, any investment in start ups (which is a high risk inv. with likely 70% loss due to ventures bankruptcy) made with after tax amounts by angels is not even deductible for the entirety or a % …
CEO @ Leopard AI | Investor, Data Scientist, 3x AI Founder | G20 Delegate & Speaker | NVIDIA Inception | Google for Startups Founder
2wThanks Michael for addressing that! Let’s change that 😀💪🏻