Startup ecosystem, funding rounds and venture capital
Back to Atoms For the past two decades, venture capital gravitated toward software — specifically, enterprise SaaS and consumer internet. The reasons were rational: software has high gross margins (70-90%),…
The Unbundling of Venture Capital Venture capital used to follow a simple model: raise a fund from institutional LPs, deploy it over 2-4 years, and generate returns that (in theory)…
The Maple Advantage Canadian tech startups operate in the shadow of a $3 trillion neighbor with 10x the population and a venture capital ecosystem that’s an order of magnitude larger.…
The AI Gold Rush If you want to understand where billions in venture capital flowed in 2024-2025, the answer can be summarized in two letters: AI. But that broad label…
The Hangover Venture capital is climbing out of the deepest trough since the dot-com crash. Global VC funding peaked at roughly $683 billion in 2021, according to CB Insights, fueled…
Twenty years ago, early-stage startup investing was dominated by a handful of brand-name venture capital firms on Sand Hill Road. Today, the landscape is fragmented across thousands of investors: traditional…
For the past decade, venture capital has been dominated by software. Software businesses are capital-efficient, scalable and have high gross margins — typically 70-80% compared with 30-50% for hardware businesses.…
Canada has the third-largest tech talent pool in North America, trailing only the United States overall and California specifically. Toronto added more tech jobs than Silicon Valley in 2023, according…
If 2023 was the year the world discovered generative AI, 2024-2025 has been the year it wrote increasingly large cheques to build it. The AI startup ecosystem has bifurcated into…
Global venture capital funding peaked at $683 billion in 2021 — a year of historically low interest rates, stimulus-fuelled consumer spending and a pandemic-driven acceleration of digital adoption. By 2023,…
