Montreal (Quebec), August 21, 2019 — Deeplite, Inc., a Montreal-based start-up that uses artificial intelligence (“AI”) to automatically make deep neural networks faster, lighter and energy-efficient — creating Lightweight IntelligenceTM — today announced the appointment of successful Canadian technology entrepreneur Nick Romano as President and CEO. After being spun out of TandemLaunch, a company creator and seed fund, the appointment of Mr. Romano is an important step towards the full-scale commercialization of Deeplite’s software platform.
Venture Capital (2)
Montreal (Quebec) June 27, 2019 — Montreal-based C2RO today announced that it has secured CAD$2.25 Million in new financing in a round led by Fonds Innovexport, with participation from GCI Capital Inc., Harbor Street Ventures, Tandemlaunch, Ministere de Economie et L’Innovation, and several angel investors in Canada, the U.S. and Europe. The funds will be used to accelerate the commercialization of C2RO’s powerful enterprise grade cloud A.I. services.
The internet offers a lot of advice for start-ups — some good, a lot of it bad. In fact, giving advice has become a profitable industry all by itself with the inevitable impact on quantity and quality. Much of the good advice is focused on Web2.0 start-ups and often a bit inappropriate when you are a university inventor looking to spin out a venture. Rather than repeating all the general guidelines for successful entrepreneurship, I want to highlight some of these differences and introduce a university founder perspective.
Thus far in this Venture Capital series, we have covered the fundamental three “P’s” of building a technology venture: people, product, and pesos. But the last often comes with a bit more paperwork than the first two. In this article, we will look at common structures for venture capital deals, the motivations of the players involved in venture funding, and some of the pitfalls that could destroy your company (or your stake in it) if you are not careful.
It’s time to talk about the end. In previous articles, we discussed assembling a team, building a technology business, and financing it with investment capital. That’s the fun part of entrepreneurship, but inevitably your venture needs to grow up. To do so, it needs to exit the start-up phase behind and, more likely than not, deliver an economic return for its stakeholders. In this article, we will talk about the concept of an exit, methods of achieving it, and the motivations of players involved in the process.
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1. What does TandemLaunch do?
TandemLaunch scouts, accelerates, and commercializes early-stage technologies in close partnership with entrepreneurs, universities, and consumer electronics companies. Our specialization is in commercially attractive innovation in the fields of human-computer interaction, video and image processing, and audio consumer technology. We collaborate with innovative entrepreneurs and technologists to turn these initial ideas into high quality start-up ventures that our partners then lead to international impact.
Montreal, Quebec — April 15, 2019 — TandemLaunch, a company creator and seed fund focused on creating, incubating and accelerating early-stage technology start-ups, today announced the first close of its latest fund, TandemLaunch Ventures III (“TLVIII”), for initial proceeds of approximately $23 million. The final close is expected to occur before the start of the summer of 2019.