Serial Acquirers Market Update: Canadian VC Bouncing Back & Financial Metaphors
Despite challenging market conditions, FinTech-focused Luge Capital has successfully closed its second early-stage fund, securing $96 million CAD, just shy of its $100-million target, bringing its total assets under management to over $180 million. The Montréal and Toronto-based VC firm will continue to invest in seed and Series A-stage FinTech startups across Canada and the U.S., aiming to build a portfolio of 20 to 25 companies, with plans to establish a presence in Calgary as well. With the current market and funding in Canada the way it is, I’m excited to see growth such as this and hope it leads to more, and larger, rounds for seed and Series-A investors.
The World Doesn’t Need More Sheep….or Judas Goats?
I came across a surreal yet insightful article the other day on the history of Judas goats and its striking similarity to the financial world. In the early days, nicotine-addicted Judas goats were incentivized with a single cigarette for every herd of sheep deceitfully escorted to the killing floor. They were part-and-parcel of livestock slaughter, and their history sheds a fascinating light on a bygone era.
More than that though, their history serves as a powerful metaphor. In every industry there are Judas goats—people that knowingly and unknowingly lead sheep to slaughter. In finance, some investors, or “sheep,” will blindly following stock recommendations which can lead them to financial ruin. To avoid being misled by Judas goats, you must deeply understand the companies you invest in and forge your own convictions. To avoid being a Judas goat yourself, educate your audience so they can think for themselves, refrain from speaking in absolutes, and manage your own expectations. I encourage you to read the full article; sometimes the most powerful lessons come from unlikely sources.
In Case You Missed It…
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