Canadian VC are way too cautious and they want outsized equity when in early stage. In general they are not reliable partners and will try to bail the moment the startup has a rough time. At best they are OK investors when you are already making money and you need some cash influx to continue growing. That is why we go for American VC, they understand the risk better, they have more money and (good ones) play the long game.
Maybe you can help me a bit. In what is almost a year of this research and building now, I've really only found Staircase Ventures and Inovia to be "American Style" in a genuine way (everyone talks, talk is cheap) - do you have anyone else you would add to this list? (Happy to take offline too, email is in bio) - Thank you! :)
Could the answer be that on average Canadian VCs are simply not rich enough compared to their American counterparts and the few that are succumb to the peer pressure of trying not to be the one schmuck who lost a lot of money?
I've seen the same behavior from freshly minted American millionaires who want to take a swing at this "angel investor" thing due to FOMO.
