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Absolutely. See this a lot more in Waterloo/Toronto for sure. Just had a convo with a NYC venture friend who was raised here in Vancity and his quote was reve
by nickler 9y ago
Absolutely. See this a lot more in Waterloo/Toronto for sure.
Just had a convo with a NYC venture friend who was raised here in Vancity and his quote was revealing. He said the stink of the VSE resource pump and dump era is still prevalent.
I've been approached by 3 different groups trying to list us pre launch here in town. When that's the culture of the investment scene, it's tough to make anything great.
- personjerry 9y agoWhat is "VSE resource pump and dump"?
- thesmallestcat 9y agoVSE = Vancouver Stock Exchange. Pump and dump is a market timing strategy where you ride an inconsequential stock's rise over a relatively short time and then sell. I have no idea how that relates to parent's last sentence.
- mistermann 9y agoThere's an (accepted) culture of dishonesty in Vancouver, particularly in companies listed on the VSE (TSX-V), including the exchange regulators. I have no idea how accurate the opinion is that this affects raising funding.
- nickler 9y agoIt contributes to the investment culture in the city, despite strong efforts from Wertz and a handful of others to lead a more enlightened approach and build great companies. It's not the only challenge the city has, there are a myriad of forces at play, and some are positive. Best way to fix it is to get more startups earning more customers and growing locally. Nothing stopping them from doing that, just wont be as fast as SV is all.
- sedachv 9y agoIn the 1980s and 1990s the Vancouver Stock Exchange was notorious for fraud, and Vancouver was known as the "scam capital of the world."