Shortened Newsletter this month as everyone and their sister is on summer holidays.
Month three on MailChimp and we still have a high open rate – 53%. We changed our format a bit to deliver more content viewable in email windows and it’s getting better click-throughs!
Lots of Demo Days, and lots of improved pitches from earlier meetings We’ve started Due Diligence with 3 software companies.
A syndicate agreement with AngelList is progressing.
Going back to the First Round 2015 post about the top 10 findings of successful startups, the number 4 reason for success is that there is a halo effect from former employees of great companies. So, “Founding teams with experience at Amazon, Apple, Facebook, Google, Microsoft or Twitter built companies that performed 160% better than others in the First Round community.” We actually looked at this and found no confirmation in Canada. Probably because these larger Internet companies have not maintained large development Teams here since the start year of our data (2007). We understand why they would find this, but our data doesn’t confirm this yet in Canada.
Drop the newsletter an email if you want someone interesting interviewed or you want to profile a company at newsletter@themin.ca.