Where are the Canadian VC bloggers?

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I’m awarding Mark MacLeod (@startupcfo) of Real Ventures the Canadian VC Blogging Superhero Badge. Mark is producing world-class class content focused on SaaS Math including:

This is content that every entrepreneur looking to understand the basic metrics and mechanics of a SaaS business should read. Mark is the one Canadian VCs producing must read, world class content. It is the first time a Canadian VC has been producing content since Rick Segal switched teams (we’re much happier with Rick playing for the entrepreneurs). Rick’s post on Inside the Process is still the de facto standard for understanding the fundraising process from a VC perspective..

I keep wondering why more Canadian VCs don’t produce content. It’s not like they don’t have access to blogging tools or the understand of how they should be used. For example, Inovia Capital uses their blog as a promotional tool for their portfolio and their activities in the community (not to pick on Chris, John, Kevin and team because they are really an amazing entrepreneur friendly firm that any entrepreneur would benefit from having involved in your company). We have others like Boris Wertz blogging about his portfolio and his analysis of the industry including his support activities like StartupVisa Canada. It is just that in comparison to quantity and quality of US investors exploring the power of the medium to reach potential entrepreneurs. We have had some other interesting attempts like DigitalPuck.ca and The C100 to bring together Canada focused investment discussion. The other very interesting blog is Mark R McQueen’s blog (@markrmcqueen). But why are there only 2 Canadian VCs writing interesting content for the medium they are investing in?

Using the terrible “the Canadian market is one-tenth the US market” you might deduce there should be only 10 interesting US VCs blogging. Bullshit. Larry Cheng provides a list of 100 VC blogs by traffic, some of which like Rick’s blog are no longer active. Here is my short list of 30 very interest US VCs blogs you should be reading (or at least on your radar).

Maybe if you compare at the Q2 investment comparison it’s $7.5B by NVCA vs. $328MM by the CVCA where Canadian investment is 4.37% or the US VC market is roughly 23x bigger. It doesn’t matter. It seems that an interesting blog with insight and analysis of the market and trends is a requirement to differentiate and attract entrepreneurs in the US market.Why not here? Are Canadian VCs just lawyers, bankers and accountants with no real insight into market trends or company operations that can help entrepreneurs? I don’t believe that. So why are only 2 Canadian VCs actively blogging and providing insights? Is it that there is a limited number of potential deals and VCs already see every interesting deal? Is it that they are worried about competing against US led deals and don’t want to expend the effort to write a high quality blog? Do Canadian VCs not understand the medium?

It doesn’t matter. This is an open call for any Canadian VC to become an active blogger on StartupNorth.ca we’d love to have you write insightful pieces about the funding, market and landscape to help educate and inspire entrepreneurs.

Wave Accounting closes $5MM from CRV & OMERS

Looks like US VCs are continuing to look at deals in Canada. Wave Accounting announced a $5MM Series A led by Charles River Ventures (CRV) with follow on participation from OMERS Ventures. It is great to see Devdutt Yellurkar (LinkedIn) looking north of the border. Devdutt has an amazing track record at CRV and previously at Rho Ventures, Sterling Commerce and Yantra Corporation. Guessing based on the press release that Devdutt will join Peter Carrescia (LinkedIn, @pcarrescia) from OMERS Ventures on the Wave Accounting board.

Great news for startups, we’ve now seen Matrix Partners (TribeHR), Union Square Ventures (Kik & Wattpad), CRV (Wave Accounting), Bessemer (Shopify), Freestyle/Greylock/Embracardo (GoInstant) and one other Sand Hill Road firm all make active early investments in Canada. This doesn’t include the Canadians that have raised during stays in the Valley during YCombinator and 500Startups – Vidyard, Upverter (True Ventures), BackType (True Ventures), Kiip (True Ventures), Rewardli (500Startups) and others.

This is great for Canadian entrepreneurs.

Oct 12, 2011 – DemoCamp feat. Elmer Sotto

#DCT30 Details

Date: October 12th, 2011

Time: 6:30 – 9:00 PM EST

Location: Ted Rogers School of Management, Ryerson University: 55 Dundas St. W, Toronto, ON

Register to Attend:

Keynote Speaker – Elmer Sotto

Elmer Sotto (LinkedIn, Twitter, Facebook) is the Head of Growth for Facebook Canada, where he is responsible for setting strategy to further grow and engage the Canadian user base. He also helps key strategic partners understand and leverage the Facebook platform.

Prior to this, he was the Vice President of Product and Operations for JumpTV. Mr. Sotto also spent more than five years at eBay Canada as Director of Marketplace Development.

We are very excited to be hosting Elmer as the keynote speaker for DemoCamp 30 and looking forward to another exciting event! Please make sure to register before tickets are sold out.

Amazing entrepreneurs & demos

The goal at DemoCamp is to provide a platform for local companies to launch, get product or pitch feedback, establish a presence for recruiting as well as help with PR and social media awareness. We aim to gather highly connected and talented entrepreneurs, developers, designers, marketers, investors and others to watch and critique entrepreneurs in a safe environment.

We have a list of amazing demos, companies and founders presenting. These are some of the best in the world, and guess what they are all located in the GTA. We have 2 companies that have participated in YCombinator, the first startup out of IAC’s Hatch Labs, a leading e-book platform and a hot social hardware application. It’s a great list of local entrepreneurs.

October 2011