Hate How Canada Doesn't Take Risk In Business
Banks, VC firms, incubators, accelerators, etc only provide funding, mentorship, and/or connections for startups that have matured for awhile and show high potential. Unlike in America, where even pre-revenue seed stage startups can easily take off without even a working prototype nor primary research from VC firms and banks. I honestly would've been a multi millionaire by now after 2 years into my automation startup (still at seed stage and pre-revenue), but in Canuckistan I'm still poor.
There is I guess a single shortcut to being rich and taking off, which is merging with a CPC aka SPAC to prematurely go IPO...but I'd be held more accountable, and I'd have to reveal a lot of business stuff publicly in return for theoretically infinite funding. I already implemented super voting shares for C-suite, while regular voting and non-voting shares for others to not get screwed over (also might set up a holding company to further have control). I just need to hire some more COs, refine my business documents, then I can contact a CPC to merge with and go public early.
There is I guess a single shortcut to being rich and taking off, which is merging with a CPC aka SPAC to prematurely go IPO...but I'd be held more accountable, and I'd have to reveal a lot of business stuff publicly in return for theoretically infinite funding. I already implemented super voting shares for C-suite, while regular voting and non-voting shares for others to not get screwed over (also might set up a holding company to further have control). I just need to hire some more COs, refine my business documents, then I can contact a CPC to merge with and go public early.
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