What is radical generosity, exactly? It's a unique concept conceived by Vicki Saunders, founder of SheEO, a Toronto-based group that celebrates and supports women-led ventures. Her long-term vision is for this grassroots crowd-funding initiative to take hold not just in Canada, but all around the globe.
For businesses in the idea stage seed capital is typically provided by the founders themselves and "love money" from family and friends. There are also a number of public and private organizations willing to step in and make relatively small investments to help grow businesses to a stage where bigger dollar players, such as venture capitalists, take an interest.
On November 15 and 16, the Prime Minister of Canada Justin Trudeau will be part of the G20 Leaders' Summit in Antalya, Turkey. G20 leaders will surely discuss urgent issues such the migrant crisis, the conflict in Syria and climate change. There is another crisis that isn't receiving much media attention: It is global youth unemployment.
Technology is not a nice-to-have for the millennial generation; it's a deal breaker. And considering that by 2030 75 per cent of the workforce will be millennials, it's something to take seriously. Millennials' technology expectations, coupled by their social media, mobile computing and app usage, are spreading into the workplace.
Pre-seed, a relatively new stage in the funding process, is becoming more recognized in the Canadian startup ecosystem and in other startup hubs around the world. The trend is growing for a number of reasons, and Canada would benefit from more capital dedicated to pre-seed from truly value-added investors.
The statistics are alarming. Nine out of 10 start-ups die at five years. I know the challenges personally because I'm on my eighth start-up now. From selling one of my successful ventures to Arlene Dickinson of the Dragon's Den, to some not so fruitful ventures, I have had my share of wins and losses.
I've found that once I've made a major decision, it wasn't as scary as I thought it was, and I wonder what too me so long. When you step outside your unhappiness, you find that there is a life and it is there for the taking. It is just getting over that first hurdle of making a move and once you've jumped that... you can win. You can get ahead.
With the confirmation of the Canadian recession by Stats Canada earlier this month and the government's subsequent announcement of a $1.9 billion surplus, spending has become a particular point of interest in our upcoming election. Small business owners, who make up 98 per cent of employer businesses in Canada, will be looking to see which party's proposed spend will have a tangible effect on their bottom lines.
I've offered full-time employment to almost 80 per cent of those who have interned at my firm. If you just landed an internship, take the advice from someone who has seen the best and worst of interns. If you are trying to make this internship roll over into a full time gig, keep these points in mind.
Over the past two days, Canadian entrepreneurs and American venture capitalists met at Venture North, a conference that aims to introduce U.S. VCs to Canada's tech ecosystem. Mayor John Tory started off Wednesday's proceedings by stating that Toronto is a startup-friendly city, and its tech leadership is "simply a story we haven't told yet."