500 Startups shuts down its Canada fund

https://techcrunch.com/2017/07/31/500-startups-canada-fund

by janober • 9 years ago

66 22 9 years ago

3pt14159• 9 years ago

Really too bad. Especially with the situation in America right now I know a number of founders that had decided not to do the "move to California" strategy.

jussij• 9 years ago

From the article:

Last month, a number of women came forward to the New York Times, alleging misconduct by McClure and others in the venture community.

That to me sounds like not really too bad but instead about f'n time.

untog2• 9 years ago

It's possible to not feel particularly bad for 500 Startups themselves, while still feeling bad for the Canadian entrepreneurs who will have fewer options available to them.

elmar2• 9 years ago

the really bad part, some Canadian minority founders will have to search for seed funding elsewhere.

Mikeb852• 9 years ago

There's plenty of government grants for minority-founded businesses, especially if they're recent immigrants.

biggerbistro2• 9 years ago

Why don't they just give this to everyone? Canadian government really loves to favor the new Canadians over the old ones. I don't think it should matter...

elmar2• 9 years ago

grants are very diferent to seed stage financing and normally preced it.

I-M-S• 9 years ago

Could you link to some government grants for recent immigrants? Thanks!

sdm• 9 years ago

citation needed

JSONwebtoken• 9 years ago

What a tragedy

downrightmike• 9 years ago

Or, you know, build a business based on their profits.

jjeaff2• 9 years ago

Heaven forbid. A business with positive cash flow is so not cool!

jacquesm• 9 years ago

It's nice to see that they have a better than industry average score of supporting women co-founders but now you really have to wonder if that's tainted or not. McClure did himself and the companies they invested in no favors.

systems• 9 years ago

ohh, the company/startup is called "500 Startups", for a while there i thought canada is falling apart .. and a count of 500 startups were shutting down

Mikeb852• 9 years ago

As if we have 500 startups...

500 Startups shuts down its Canada fund

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