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NACO Academy Podcast leverages the collective wisdom of 4,200 angel investors that have invested $1.12 billion into 1500 companies. Join us on a journey into the depths of the innovation economy and bring you the knowledge you need to build, grow and scale at the intersection of innovation, capital and entrepreneurship. Learn more about the National Angel Capital Organization (NACO) at www.nacocanada.com
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Built by Angels is a new podcast series that will guide you on the road to venture capital scale and growth. Interested in funding the next big thing? Are you an entrepreneur searching for capital, to fund and scale your company? Are you on the sidelines, wondering how to jump in, while everyone else is building, backing, and supporting the next generation of entrepreneurial companies?Stay tuned, subscribe and join us on this exciting journey, as we transform ordinary listeners into extraordi...
This podcast is for informational purposes only and is based on the book "A Practical Guide to Angel Investing, 2nd Edition" authored by Steven Gedeon PhD and published by the National Angel Capital Organization. Content discussed is for general guidance on matters of interest and should not be taken as professional, legal, business or investment advice.Most angels have enjoyed a successful business career and want to share their expertise and experience with younger entrepreneurs. Of course....
What will you do with the next 20+ years of your life? For most angels, the answer is: "I want to contribute to the good of my community""I want to continue to do what I love.""I want to be involved in strategy, important deals and major decisions.""I want to lend my expertise."The value of angel groups is that they essentially help mitigate your risk. Angel groups help you attract the highest quality deals and help you go through a due diligence process that vets out the deals that have a di...
We are here with Senator Doug Black, Chair of the Senate Banking, Finance, and Trade Committee. The innovation ecosystem in Alberta has a tremendous potential. We see an opportunity to transition the risk capital, that has historically been in more traditional industries, to the high growth industries that can contribute so much to the economy. From your perspective, what can we do as a national organization and what can angel investors do to contribute to Alberta's renaissance? We ...
Angel investors bring more than capital. The knowledge that you have, your experience, what you've done in your professional life is exceptionally important for helping the next generation of entrepreneurs achieve success. High potential entrepreneurs in Canada do not need to exit. They do not need to sell their companies in order for the investors to achieve liquidity, Where only a small percentage of angel investors do exceptionally well, a very wide range that don't do well at al...
How do you value a company? How many companies do you need in your portfolio? The general suggestion among Canadian angels is 20 companies. Dr. Wade Brooks estimates that you need 40 companies to have a 95% chance of getting the average internal rate of return of 27%. A portfolio of 20 companies would give you a 60 to 70% chance of hitting the average. This is based on NACO data from the National Angel Summit in 2015. However, these numbers can be misleading. Angel investment practices across...
Lessons learned from Patrick Lor, Co-Founder of iStockphoto and Managing Partner at Panache Ventures based in Calgary, Alberta. "I don't know if there's anything secret about this. But, we grew iStockphoto off the side of our desks and eventually iStock became such a success that we sold it for $50 million U.S. A few years later, they were doing about $300 million worth of revenues. The company would have been worth a few billion dollars. We didn't have that billionaire mindset."Part 2 o...
What is the role of angel investing in the economy? If there is no capital, there is no company. It's as simple as that. Without investment capital, there would be no new companies and no new jobs. Our economy would be in zero growth mode. This is based on a quote from Carl Furtado from the Golden Triangle Angel Network. Small to medium size enterprises, referred to as SMEs, are defined as companies with fewer than 500 employees and they represent over 98% of companies in North America and Eu...
Replay of the NACO Roundtable on Canadian Angel ActivityGood morning everyone. Welcome to today's Roundtable on Canadian Angel Activity. I'm Claudio Rojas, CEO of NACO and I will be your host for today's discussion. Thank you all for making the time to join us. Entrepreneurs are under severe pressure. COVID-19 has unleashed a combined health pandemic and economic crisis. The necessary shutdown to stop the spread of the virus has impacted company operations, dried up revenue, and the...
Replay of the NACO Roundtable on Canadian Angel ActivityWe have Ginette Mailhot, Chair at Anges Québec, a prominent angel group and member of NACO that does extraordinary work in unlocking capital in the Province of Québec.Also, joining is Derrick Hunter, President and CEO at Bluesky Equities based in Calgary, Alberta. Derrick was recognized this past year as the BDC Angel Investor of the Year at the NACO World Angel Investment Summit and is a member of Valhalla Angels. We also have Lynn Davi...
Replay of the NACO Roundtable on Canadian Angel ActivityWe have the privilege of bringing international insights from Jacopo Losso, Director Secretariat at the European Business Angels Network (EBAN), and Pat Gouhin, CEO at the U.S. Angel Capital Association.Both Jacopo and Pat lead the equivalent organizations of NACO in their respective jurisdictions (Europe and the U.S.). We also have Colin Mason, Professor of Entrepreneurship at the University of Glasgow. Colin is the author of NACO's Ann...
Replay of Part 4 the NACO Roundtable on Canadian Angel ActivityIn relation to how do we keep investment moving and in Atlantic Canada… the most crucial things we need to be looking at are… matching funds from government… and investor tax credit –Stefanie Corbett, Director of Operations at Island Capital PartnersWe have had successful applications from companies who have retooled their manufacturing to produce face masks, hospital gowns, hand sanitizers, etc. Four of these deals closed just la...
Replay of Part 1 of the NACO Roundtable on Incubators, Accelerators, and Entrepreneurial Activity"The Council of Canadian Innovators has determined that the wage subsidy is probably going to help maybe about 25% of their businesses... but the businesses that are being left out right now are all pre-revenue companies" John Ruffolo, Vice Chair at Council of Canadian InnovatorsToday is the second instalment in a series of conversations on stimulating angel activity, supporting the innovation eco...
Replay of Part 2 of the NACO Roundtable on Incubators, Accelerators, and Entrepreneurial Activity"The biggest issue companies are facing is liquidity and cashflow. And that cashflow can come in the form of a bridge and then deal with our burn to get to that raise."Iain Klugman, President & CEO at Communitech"Everyone is saying we need to find a way to help these companies bridge. And I think the only thing that's getting in our way is that speed wins in times of crisis. We need to make su...
Replay of Part 3 of the NACO Roundtable on Incubators, Accelerators, and Entrepreneurial Activity"The bigger concern we're really seeing is founders that are pre-revenue or at that very early stage of development. They're the ones that are, are at this point, falling through the gap" John MacRitchie, Assistant Vice-President, Zone Learning and Strategic Initiatives at Ryerson University"Let's move at the speed of trust. Let's move things and audit later if we have to... when we're talking to ...
Replay of Part 3 of the NACO Roundtable on Incubators, Accelerators, and Entrepreneurial Activity"The good part about the BDC program for matching funds is that it might help to speed up the process knowing that the BDC will be able to match some of those funds. But a challenge in the early stage in Canada is to find leads" Emilie Boutros, General Partner at TandemLaunch"Many of these companies that we're supporting, they're just not going to be eligible for venture capital. And so we really ...
Welcome everyone to our Roundtable on Sustaining the Innovation Ecosystem. Today’s agenda includes Opening Comments by David Skok, CEO & Editor-in-Chief at The Logic, Special Remarks by Anthony Lacavera, Founder and Chairman of Globalive. And an important conversation with The Honourable Mélanie Joly, Minister of Economic Development and Official Languages –– with angel investors, innovation leaders and most importantly entrepreneurs.The National Angel Capital Organization (NACO) was...
Earlier this week, an article that appeared in the Toronto Star stated that “The Canada Emergency Wage Subsidy program should be broadened to include high growth firms, software-as-a-service firms, firms whose revenues are seasonal or project-based and pre-revenue firms that are heavily invested in research and development.”With economic confidence low, investment capital is drying up. Many of Canada’s highest-potential companies will run out of it in coming months. Without quick, strong gove...
We all know the idiom credited to philosopher Plato: “Necessity is the mother of invention.” It means, of course, that new ways of doing things are often created or discovered when there’s a real, intense need for them. And as we navigate this COVID-19 pandemic together, it’s fair to say this adage rings true louder today than in recent history — especially when it comes to the rising number of brilliant innovations materializing and flourishing in the health-tech sector.The National Angel Ca...
“The main takeaways… are the difficulties people are having in projecting a way out of this and building a plan, and the difficulties in taking care of teams right now, as we are locked in self-isolation in trying circumstances.” — Douglas Soltys, Editor-in-Chief at BetaKit Originally Recorded on April 23, 2020. Click here to join future roundtables.
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