Why You Should Say No

Posted by on in Venture Capital

Several weeks ago, Keith Gillard posted a blog entitled Why We Say No. The goal of that post was to help those exploring venture capital financing to clearly understand the partner qualities we typically look for before walking down the aisle. Hopefully aspiring advanced materials entrepreneurs with the most promising ideas will take this constructively as they build their companies to the stage where Pangaea can say yes. Today however is about the other side of the story and the common situations where my advice would be for the entrepreneur to say no. I am not talking about saying no to an investor that is a poor fit or who has offered unacceptable terms, but rather saying yes to the single life free of VCs all together, at least for now. Let’s look at three valid reasons:

Pangaea is one of twenty original venture capital funds designated under the new Canadian Startup Visa program. We are excited at the prospects of helping entrepreneurs with world-class advanced materials innovation locate their companies to Canada.

The Startup Visa program was launched on April 1, 2013 by Citizenship and Immigration Canada to help recruit innovative entrepreneurs to Canada. The program provides what I would call a fast track visa process for entrepreneurs with world-class innovation who desire immigration to Canada.

Why We Say No

Posted by on in Venture Capital

Chances are, some of you have pitched to Pangaea in the past. We probably said "no". Although we invest at a good pace, saying "yes" to the most compelling opportunities, we don't like to waste our time, or yours. So, if we're going to say "no", we'll try to do so as quickly as possible.

I'd like to summarize some of the reasons we say no, grouping them in 4 basic areas: Fit, Management, Momentum and Exit.

The numbers are in, and they ain't pretty. They tell us that 2012 represented the worst year for cleantech investment since the dark days of 2009. Depending on whose numbers you accept, investments in cleantech declined 28%, from $4.6 billion in 2011 to $3.3 billion in 2012 (PWC Moneytree, or MT for short), or 29% in the case of the Cleantech Group’s (CG) numbers. Meanwhile, the venture industry as a whole contracted by only 10%.

Women: A Start-up’s Secret Weapon

Posted by on in Venture Capital

If you are thinking about launching, or have recently launched, a start-up here’s some food for thought…especially if you plan on seeking venture capital financing down the road.

Do you want to increase your chances of success?
I’ll assume the answer is yes, so keep reading – and take notes.