David Bogoslaw
The final rule applies not only to employment agreements but also to equity-based restrictive covenant agreements with employee equity holders, which would be thrown out unless they relate to a third-party sale.
For the most part, domestic LPs are not keen to commit to homegrown funds, says Thomas Birch, a managing director at CDPQ.
Canada drew 2,200 tech workers from outside the country in the first nine months of 2023, compared with 1,500 it lost to Europe.
After a couple of years of slower growth, Canada’s venture system is re-energized and poised to resume its expansion.
The capital needed to grow category-leading companies up north is beyond the capacity of LPs in Canada, which could make fundraising by VC managers more difficult.
To address Europe's 'Series B Death Valley' for climate tech companies, World Fund has set aside €200m of its new €300m fund for follow-on investments in its best-performing companies.
The average fund size dropped to $115m in Q1 2024, its lowest point in about five years, according to new research from Venture Capital Journal.
'We did have indications that the fundraise could close at over $400 million right up until the crash of Silicon Valley Bank in March of 2023,' says founder Sean O’Sullivan.
They make up just a small portion of the venture industry, but women who have managed to break into the business are thriving, judging by Venture Capital Journal's most popular stories this week.
The newly named partner sees lots of opportunity to invest between the foundational model and app layer of the AI stack.