How 7 Gate Venture helps Canadian entrepreneurs
How one of the most successful venture capital funds in Canada works.
We have written many times that Canada has thriving startups and innovative businesses. This is largely due to a strong economy and a good education system, but Canadian entrepreneurs are also helped by various investors and business incubators. These include venture capital funds, which are organizations that are willing to support promising businesses with money in the early stages of development.
Understanding how such organizations work is quite simple. Imagine that there is a certain rich person who has made a fortune through entrepreneurship. They have a big business and a lot of money, but no idea where to invest it. Then they go to an investment fund, which connects them with a young entrepreneur who has a great business plan, but no money. If the business fails, they both win: the investor gets their deposit back and more, and the entrepreneur launches their business. If the business goes bust, they both lose, but the investor loses more.
That is why venture capital is a dangerous and risky field. It is like a mixture of Russian roulette and a complicated game of chess. You have to thoroughly analyze the business and predict its prospects in the market, but you also need ordinary luck. Fortunately, only risk-ready and experienced entrepreneurs become venture capitalists.
7 Gate Venture is one of Canada's successful venture capital funds. They are headquartered in Vancouver, but have another office in Silicon Valley. The company has been around since 2015 and has managed to invest in dozens of successful ventures. This is a good indicator of the reliability of a venture fund — if it does not close in the first years of its existence and successfully recoups its investments, it will continue to exist. The authors and curators of this project began their way there — each has 15 years of entrepreneurship in the IT sphere under his belt.
The purpose of this foundation is to support talented entrepreneurs from Vancouver as well as thoughtful foreigners. It is one of the organizations that can issue support letters for immigration on the Start-up Visa.
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