Daily insights for city builders, delivered every morning at 6 AM ET. I’m Brandon Donnelly — a Toronto-based real estate developer and founder of Globizen. I’ve been writing here since 2013.
An important problem in a market economy, and the one the VC attempts to solve, occurs when an entrepreneur has a good idea, but no money, while investors have money, but no good ideas.
Steven N. Kaplan & and Josh Lerner. “It Ain’t Broke: The Past, Present, and Future of Venture Capital”
The reason is that innovation is the most difficult core competency to build in any business. Innovation is almost insane by definition: most people view any truly innovative idea as stupid, because if it was a good idea, somebody would have already done it. So, the innovator is guaranteed to have more natural initial detractors than followers.
Ben Horowitz of A16Z
TORONTO, Feb. 19, 2013 /CNW/ – Key highlights for the year ended 2012 include $1.5 billion of new venture capital investment and $1.8 of new capital formation for domestic venture capital funds. These were among the findings of a statistical report released today by CVCA- Canada’s Venture Capital & Private Equity Association and research partner Thomson Reuters.
Canada saw $1.5 billion of new venture capital investments last year
