I write not because I know, but because I want to learn. I’m also a firm believer that it is always better to take one step than no step - the mind of an Engineer. Thus as my thoughts translate into Opinials, I am always thrilled to receive feedback. It gives me new perspective and maybe it changes my stance; maybe not. It still helps me grow and I thank you in advance.
A fellow reader brought to my attention a Canadian VC firm that has acted in contradiction to my strategy, and is one of a select few that is on track to experience positive returns. (How many are there? I would really like to know.) And a handsome return at that! I was fortunate enough to get in touch with the Partners at this firm to discuss their investment strategy.
I learned that although said to focus on seed investments as well, the firm has been predominantly occupied with early-stage series A investments. With less than two dozen investments by the fund (now closed, and with 4 years to maturity), the firm is en route to make a sizable return. So what did they do right?