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This Week in Canadian Startups

Round 13 Capital Unveils $100M Fund

After a long drought with no new VC funds, they’re now coming fast and furious. The freshest player is Round 13 Capital, which plans to raise $100-million to provide financing to startups looking to accelerate their growth.
Will that be debt or equity? It’s a question startups need to ask themselves as they looking finance themselves.Mark MacLeod offers in-depth insight into the different options, and how they would make sense for startups.
What’s the secret to making freemium work? If there’s a Canadian company worthy of offering an explanation, it’s HootSuite, which put together a cool infographic that discloses only 4% of its users pay for the service.
Do you have a hankering to create a startup? You can do all the research in the world but I think it comes down to your gut. While going with your gut is unscientific, it features two key ingredients for startup success: passion and commitment.
We’re in the midst of a passionate love affair with startups. On Canadian Entrepreneur, Rick Spence asks the question about why Canada needs more startups. His answer is startups will help Canada drive innovation.
A financing item we missed last week wasCommunityLend raising $3-million. The Toronto-based company has shifted its business model to making loans rather than enabling person-to-person loans. If anything, CommunityLend and its CEO, Mike Garrity, have been persistent.
On the outside looking in, startups seem like a pretty good place to work – putting aside the modest pay, long hours and high risk. Ashish Grover On offers a long list of reasons why working for a startup is fun.
There’s lot of talk – too much, perhaps? – about lean startups. On Techvibes,Boris Wertz and Dan Martell provide some insight into the financial structure for lean startups, including things they shouldn’t spend money on (salaries, furniture, marketing).
The federal government has caught a severe case of startup fever. In the last budget, it committed $400-million to VCs. It’s also busy sending startups to the Big Apple to participate in the Canadian Technology Accelerator initiative. The first six startups have graduated; the next six have been selected.
A growing number of people have been suggesting Toronto is the fourth best place in the world for startups, according to the Startup Genome report.ITBusiness’ Brian Jackson contends this isn’t accurate, so we shouldn’t get carried away.
WattPad raised $17.3-million last week, so I asked co-founder Allen Lau how a startup, which bootstrapped itself for three years, plans to spend so much money.
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