4 ms·

First AngelList deal in Canada: Forestry.io

• sgallant 9y ago
  Co-founder of https://forestry.io https://forestry.io here. The Canadian regulations were just updated to allow for AngelList funding. A huge win for Canadian startups. More info here: http://betakit.com/angellist-syndicates-finally-launches-in-canada-via-new-osc-program-with-some-caveats/ http://betakit.com/angellist-syndicates-finally-launches-in-...
  • yellowboxtenant 9y ago
    Just an FYI some of the nav links point to the wrong URL when in the blog section.
• startupdiscuss 9y ago
  What was the hold up? Canada seems to pro-startup, I am surprised they took this long to allow AngelList funding. Was there a lobby? An issue with consumer protection? An existing law that had to be changed?
  • vkou 9y ago
    I am not in the startup scene, but no, there was no opposing lobby, and consumer protections aren't a problem for B2B CMS software. As for Canada's innovation tax credits, don't count on them. As of 2 years ago, they were an absolute accounting and bureaucratic horror show.
    • startupdiscuss 9y ago
      I was thinking of consumer protection for the investors. Crowd funding could, potentially lead people to put up vaporware as investment opportunities.
    • krrrh 9y ago
      The innovation tax credits main purpose seems to be to lower morale of software engineers, enrich consultants, and keep a bunch of zombie startups alive for too long or help successful companies focus on something other than product and customers. It's almost beyond parody. See: https://mobile.twitter.com/acoyne/status/771918107640225792 https://mobile.twitter.com/acoyne/status/771918107640225792