What are the chances of a successful exit for angel investors in a startup? Angel investing is a high-risk, high-reward game. The chances of a successful exit for angel investors can vary widely depending on several factors, including the startup’s industry, market conditions, and the effectiveness of the startup’s management team. On average, angel investors … Read more
The old west is alive and well in Silicon Valley – and Silicon Valley North.The closure of Bench Accounting Inc – self-described as the “world’s largest bookkeeping and tax advisory platform” – last week in Vancouver, would have been devastating to the Canadian economy.Except that it wasn’t! First of all, it wasn’t the “world’s largest … Read more
According to an article in the Globe and Mail on December 27th, 2024:“Bench Accounting, a Vancouver-based bookkeeping company, ceased operations Friday, potentially putting hundreds out of work and leaving customers scrambling for alternatives.” So what was Bench?According to former CEO Jean-Philippe Durrios:“Bench is the world’s largest bookkeeping and tax advisory platform. Our mission: to help … Read more
Yesterday morning I attended a video conference with the CEO of a promising startup in the AI space. The other attendees were two lawyers from one of Canada’s most prestigious law firms in Toronto. According to Statistics Canada there are more than 49,500 law firms in Canada, but the profession is dominated by just 7 … Read more