Tag Archives: Vancouver

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Pique Fund Summer Event

INTEGRATED. CONNECTED. INVESTED.

We were excited to host Pique Fund investors, portfolio company founders, and members of the Pique community on August 3, 2016 for our summer event.

Thank you to Pique Fund investor, Genevieve Pinto for kindly hosting us in the beautiful offices of McCarthy Tetrault and to Jackie Dives for the amazing photography.

Pique Fund will be open to new investors in Fall 2016. If you would like to join our community of women and men investing in impactful, BC-based businesses, email bonnie[at]piqueventures[dot]com to add your name to the list to receive more information.

Who is a Pique Fund investor, raise your hands!

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Catherine Dahl, CEO Beanworks, shares her ambition to grow Beanworks to be the next billion dollar company in Canada.

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Kirsten Koppang Telford, COO ePact Network, describes how ePact is growing and helping people connect in emergency and crisis situations.

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Lisa Fraser, Founder and CEO Wearable Therapeutics, tells us about Snug Vest’s positive impact on children and adults with autism.

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Pique Fund investors and entrepreneurs connecting.

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Created with flickr slideshow.

If you are an accredited investor in Canada, contact Bonnie Foley-Wong at bonnie[at]piqueventures[dot]com, for more information about investing in women-led technology ventures in BC through Pique Fund.
Invest in women-led ventures

What I learned from Pique Fund’s investment offering – so far

We just passed the half-way mark of our 40-day investment offering in Pique Fund. Jill Earthy and I have been working together, reaching out to people in our respective networks and spreading the word about the opportunity to invest in women-led companies, through Pique Fund.

After several emails, 2 call-in information sessions, 1 investor breakfast, and a couple of networking events, I knew that people were interested – women investors were interested, but it felt as though they weren’t getting to the investment amount nor advancing through the investment process as quickly as men were. It seemed that more men were signing up on FrontFundr – or were they? My intuition and emotion were hinting at something, so I got out my trusty spreadsheet and counted – to prove or disprove my hunch and my feelings.

After 20 days, here’s what we have:

  • 26 people have told me they are interested, of that 19 are women.
  • Of the 26 people that expressed interest, 6 have logged on via FrontFundr, of that 2 are women.
  • Of the 26 people that expressed interest, 7 people have discussed their desired investment amount, of that 4 are women.

So what does this tell us?

  • Women are interested in this investment opportunity and mind you, Jill and I have been intentionally letting a lot more women know about Pique Fund.
  • Percentage-wise, men have more quickly discussed investment amount and have gotten started on FrontFundr, but numbers-wise it is roughly the same number of men and women that have been ready to talk numbers.
  • From this small sample, more men have explored FrontFundr.

What is particularly interesting about these numbers to me is the number of women who are interested. It’s the datapoint that was missing from my near-term hunch and feeling, but is exactly aligned with my long-term hunch. Women are interested in investing in private ventures and that we can change the ratio of investors represented by women with investment opportunities that serve their needs and desires. I’m happy to walk prospective investors through the process on FrontFundr. It takes less than 15 minutes to complete the initial investor assessment form. I recommend setting aside an hour to review the investment documents and read up on what Pique Fund is all about.

When Pique Fund first launched, 10 out of the 12 founding shareholders were women, representing 85% of the founding capital (whereas, for example, in the US, women represent less than 25% of US angel investors.)

Interested in changing the ratio? Pique Fund is open to anyone in BC to invest (and accredited investors outside of BC can also invest). We’ve invested in four impactful, revenue-generating women-led companies so far and have a great pipeline of companies to consider. The minimum investment is $5,000, BC investors can get a 30% tax credit, and investments are RRSP and TFSA eligible.

To invest and to review the full set of investment documents, register here or email me at bonnie[at]piqueventures[dot]com.

 

A Whole Lotta Incubation Going On

Every week I seem to hear about a new venture incubator or accelerator program in Vancouver. This could be good news for entrepreneurs or the sign of a saturating sector! In the meantime, here’s a list of the resources that have come to my attention. If you have used any of these services or know of other programs, do let me know in the comments.

  1. Coast Capital Savings Innovation Hub – cohort model, accepted 7 ventures in its inaugural program for 2013.  Focus:  social innovation, social entreprise
  2. Institute B accelerator and BSpoke Consulting – founded by ex-Lululemon senior executives, accelerator, launched business consulting arm in February 2013.  Focus:  retail, apparel, green business, social purpose businesses, changemakers
  3. RADIUS – initiative of SFU, RADIUS is RADical Ideas, Useful to Society, a social innovation lab and incubator where students, communities and educators come together to develop and grow creative solutions to tough social problems.  Focus:  social innovation, social enterprise
  4. HiVE incubator – presently fundraising for a “Non-Profit Incubator”, a lot like a hospital incubator, that will take non-profits from their infancy to establishing an organization with a well-developed foundation so that they can have a real chance to make a difference in the world.  Focus:  not-for-profits, social enterprise
  5. Sanotron – accelerator for digital health entrepreneurs, anticipated to be a 9-month cohort model.  Focus:  technology/ digital media, health
  6. Invoke Labs – product incubation arm of Invoke Media, providing incubation services to technology startups with compelling ideas.  Focus:  technology/ digital media
  7. Groundswell Grassroots Economic Alternatives – working with people under 35 to build social enterprises, co-ops, non-profits and a different way of doing business.  Focus:  co-operatives, not-for-profits, social enterprises

If you know of other incubators and accelerators – as a candidate, operator, or otherwise – do get in contact with me or leave a message in the comments.  Thank you!

Women-at-Work

Women at Work: the Business Case for Investing in Women

“3-5% of women-owned businesses receive venture capital”

“Female entrepreneurs begin with 1/8 th of the funding that male-led ventures do”

“Women-operated, venture-backed companies have 12% higher revenues [than men-operated, venture-backed companies]”

There is a strong business case to invest in women-led enterprises.  Pique Ventures connects women investors with entrepreneurial women.  Contact us to find out more about the women investor network that is forming here in Vancouver, BC.