BDC reported net loss $637.9M in FY 2023 for the VC program, compared to net income of $988M in FY 2022. One can look beyond BDC's own numbers for clues about the performance of Canadian venture capital.
Will Canadian securities regulators continue to ignore dubious foreign money flow into Canada?
Many questions about Canada Growth Fund (CGF) which will likely to further exacerbate existing government dominance by SDTC (Sustainable Development Technology Canada) and BDC, be short of it being able to attract a robust cohort of private sector investors to invest alongside it.
The five Superclusters came in for a fair amount of criticism for being long on promise and short on delivery: The Ocean Supercluster (OS) clearly failed to engage with capital providers, particularly in the VC industry.
A great North Securities Commission (NSC) requires actions not just words - a simplified and standardized set of prospectus exemption types is a starter.
VC investments must be company centric and be measured on how much risk equity/quasi-equity capital the companies received from their investors. Secondary exit part of the overall funding round should never be included.
Private Capital Journal officially passed 10,000 in LinkedIn followers. Thank you, our LinkeIn followers, loyal readers and newsletter subscribers!
Richard Rémillard: Venture Capital Catalyst Initiative – Version 2.0: Needed or Not? VCCI-2 assumes that it is a needed program despite the world having undergone a 180-degree turn since 2013 (VCAP). Capital is likely to continue rushing into the venture space and a VCCI-2 may simply be redundant.
Entrepreneur-venture capitalists - are they good for the company, the venture capital investors, or themselves?