Comments on: AngesQuebec receives $750.000 grant to create an angel network http://montrealtechwatch.com/2008/02/05/angesquebec-receives-750000-grant-to-create-an-angel-network/ Technology and Innovation news in Montreal Tue, 22 May 2012 17:16:00 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Montreal Tech Watch » A plan for digital creativity in Quebec http://montrealtechwatch.com/2008/02/05/angesquebec-receives-750000-grant-to-create-an-angel-network/#comment-106151 Montreal Tech Watch » A plan for digital creativity in Quebec Thu, 26 Feb 2009 04:21:13 +0000 http://montrealtechwatch.com/2008/02/05/angesquebec-receives-750000-grant-to-create-an-angel-network/#comment-106151 [...] such as brightspark ventures, who’d in turn help local tech entrepreneurs. They also funded other initiatives such as AngesQuebec or TechnoMontreal (see here), whose goal is to gather the players of the industry and accelerate [...] [...] such as brightspark ventures, who’d in turn help local tech entrepreneurs. They also funded other initiatives such as AngesQuebec or TechnoMontreal (see here), whose goal is to gather the players of the industry and accelerate [...]

]]> By: Justifying AngesQuebec’s $750k subsidy — Some French Guy http://montrealtechwatch.com/2008/02/05/angesquebec-receives-750000-grant-to-create-an-angel-network/#comment-19348 Justifying AngesQuebec’s $750k subsidy — Some French Guy Sun, 16 Mar 2008 19:06:42 +0000 http://montrealtechwatch.com/2008/02/05/angesquebec-receives-750000-grant-to-create-an-angel-network/#comment-19348 [...] AngesQuebec announced $750k of funding from the Québec government, I asked what the justification was for giving money to already wealthy [...] [...] AngesQuebec announced $750k of funding from the Québec government, I asked what the justification was for giving money to already wealthy [...]

]]> By: Montreal Tech Watch http://montrealtechwatch.com/2008/02/05/angesquebec-receives-750000-grant-to-create-an-angel-network/#comment-457958 Montreal Tech Watch Thu, 07 Feb 2008 13:52:16 +0000 http://montrealtechwatch.com/2008/02/05/angesquebec-receives-750000-grant-to-create-an-angel-network/#comment-457958 <span class="topsy_trackback_comment"><span class="topsy_twitter_username"><span class="topsy_trackback_content">AngesQuebec receives $750.000 grant to create an angel network http://tinyurl.com/2k2h9p</span></span> AngesQuebec receives $750.000 grant to create an angel network http://tinyurl.com/2k2h9p

]]> By: Denis Canuel http://montrealtechwatch.com/2008/02/05/angesquebec-receives-750000-grant-to-create-an-angel-network/#comment-15409 Denis Canuel Wed, 06 Feb 2008 21:28:46 +0000 http://montrealtechwatch.com/2008/02/05/angesquebec-receives-750000-grant-to-create-an-angel-network/#comment-15409 @Ben, I couldn't have said it better. The grant itself is strange (they have money, can’t they use their own?) but the goal is very interesting and very much needed here in Quebec. There is a big gap between pre-seed companies and going to a VC. I was actually slightly disappointed during StartupCamp. Not that the event wasn’t good, but I was surprised to see that most of the companies presenting were so advanced. A lot of them had very interesting revenues (and even funding). Technically all startups, but to my eyes, those companies didn’t require a lot of help. I had the feeling that they went through the hardest times already. So, angels are needed in Quebec. They’re nowhere to be seen and this is great news! @Ben, I couldn’t have said it better.

The grant itself is strange (they have money, can’t they use their own?) but the goal is very interesting and very much needed here in Quebec.

There is a big gap between pre-seed companies and going to a VC. I was actually slightly disappointed during StartupCamp. Not that the event wasn’t good, but I was surprised to see that most of the companies presenting were so advanced. A lot of them had very interesting revenues (and even funding). Technically all startups, but to my eyes, those companies didn’t require a lot of help. I had the feeling that they went through the hardest times already.

So, angels are needed in Quebec. They’re nowhere to be seen and this is great news!

]]> By: Mat http://montrealtechwatch.com/2008/02/05/angesquebec-receives-750000-grant-to-create-an-angel-network/#comment-15395 Mat Wed, 06 Feb 2008 19:32:02 +0000 http://montrealtechwatch.com/2008/02/05/angesquebec-receives-750000-grant-to-create-an-angel-network/#comment-15395 I wonder if the folks at MontrealStartUp are involved in this at all, or is this a competing initiative? I wonder if the folks at MontrealStartUp are involved in this at all, or is this a competing initiative?

]]> By: Ben Yoskovitz http://montrealtechwatch.com/2008/02/05/angesquebec-receives-750000-grant-to-create-an-angel-network/#comment-15374 Ben Yoskovitz Wed, 06 Feb 2008 17:15:02 +0000 http://montrealtechwatch.com/2008/02/05/angesquebec-receives-750000-grant-to-create-an-angel-network/#comment-15374 I think this is a good move. There are a lot of angels in Quebec, but they're not as well organized as we see in other places like the New York Angels and the Maple Leaf Angels. Fred and I visited the Maple Leaf Angels and we came away very impressed with the quality of presentations and the response from the group (there were around 40 people.) The biggest advantage for entrepreneurs is ACCESS. How many entrepreneurs in Montreal can say they have good / easy / quick access to the angels? It's not easy. Now the angels are organizing around an entity that's there to bring startups and angels together in a cohesive and well-organized way. For entrepreneurs they can reach out to Anges Quebec instead of going after one angel at a time. It should result in faster and broader access to capital. And the angels gain advantages working together - best practices, access to deals, diversification of risk. I know the Maple Leaf Angels have been very active, doing quite a few deals and fairly quickly. That model can now be reproduced (I hope) in Montreal. I think this is a good move. There are a lot of angels in Quebec, but they’re not as well organized as we see in other places like the New York Angels and the Maple Leaf Angels.

Fred and I visited the Maple Leaf Angels and we came away very impressed with the quality of presentations and the response from the group (there were around 40 people.)

The biggest advantage for entrepreneurs is ACCESS. How many entrepreneurs in Montreal can say they have good / easy / quick access to the angels? It’s not easy. Now the angels are organizing around an entity that’s there to bring startups and angels together in a cohesive and well-organized way.

For entrepreneurs they can reach out to Anges Quebec instead of going after one angel at a time. It should result in faster and broader access to capital.

And the angels gain advantages working together – best practices, access to deals, diversification of risk.

I know the Maple Leaf Angels have been very active, doing quite a few deals and fairly quickly. That model can now be reproduced (I hope) in Montreal.

]]> By: Heri http://montrealtechwatch.com/2008/02/05/angesquebec-receives-750000-grant-to-create-an-angel-network/#comment-15367 Heri Wed, 06 Feb 2008 16:25:16 +0000 http://montrealtechwatch.com/2008/02/05/angesquebec-receives-750000-grant-to-create-an-angel-network/#comment-15367 Daniel, for the governement, it's mostly a political move, as they can prove now that they support technological innovation. As for angesquebec, i haven't seen yet any deal coming from them, so we will have to wait and see what they are going to actually do in the upcoming months Daniel, for the governement, it’s mostly a political move, as they can prove now that they support technological innovation.

As for angesquebec, i haven’t seen yet any deal coming from them, so we will have to wait and see what they are going to actually do in the upcoming months

]]> By: Daniel Haran http://montrealtechwatch.com/2008/02/05/angesquebec-receives-750000-grant-to-create-an-angel-network/#comment-15366 Daniel Haran Wed, 06 Feb 2008 16:22:30 +0000 http://montrealtechwatch.com/2008/02/05/angesquebec-receives-750000-grant-to-create-an-angel-network/#comment-15366 We already knew VC's were risk averse, now we have capitalists asking for 3/4 of a million from government! I'm boggled. Can anyone comment as to why this was necessary? We already knew VC’s were risk averse, now we have capitalists asking for 3/4 of a million from government!

I’m boggled. Can anyone comment as to why this was necessary?

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