My last angel blogpost was months ago as I threw in the towel and announced I would only be investing passively. So after this and this and this and this on why and how, I outsourced all early stage investing. And I have been pleased so far.
The opportunities in Montreal are looking even hotter than the Canadiens (6-3-1 last 10 games), and a lot of the excitement is due to companies emerging from a new group of accelerators. While the idea of new business incubators is hardly a new one, the last 5 years have seen an explosion of activity. As I mentioned in my post on the MassChallenge, last time I looked more than 100 accelerators had sprung up in the U.S.
I recently changed course and invested in a (unnamed for the time being) green energy-related company. I see all sorts of startups related to green energy, all of whom previously got a thumbs down. Most often the no is on the team or on capital inefficiency questions, just as in any other sector.
I had seen “X Company” present at angel meetings or conferences three times before, and I never regretted passing on them. So what changed my mind and … Read More