First AngelList deal in Canada: Forestry.io

Re:First AngelList deal in Canada: Forestry.io by startupdiscuss on Wednesday April 19, 2017 @01:01PM (#14149351)

What was the hold up?

Canada seems to pro-startup, I am surprised they took this long to allow AngelList funding.

Was there a lobby? An issue with consumer protection? An existing law that had to be changed?

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Re:First AngelList deal in Canada: Forestry.io by vkou on Wednesday April 19, 2017 @01:21PM (#14149596)

I am not in the startup scene, but no, there was no opposing lobby, and consumer protections aren't a problem for B2B CMS software.

As for Canada's innovation tax credits, don't count on them. As of 2 years ago, they were an absolute accounting and bureaucratic horror show.

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Re:First AngelList deal in Canada: Forestry.io by krrrh on Wednesday April 19, 2017 @02:07PM (#14150150)

The innovation tax credits main purpose seems to be to lower morale of software engineers, enrich consultants, and keep a bunch of zombie startups alive for too long or help successful companies focus on something other than product and customers. It's almost beyond parody. See:

https://mobile.twitter.com/acoyne/status/771918107640225792

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Re:First AngelList deal in Canada: Forestry.io by startupdiscuss on Wednesday April 19, 2017 @01:25PM (#14149651)

I was thinking of consumer protection for the investors. Crowd funding could, potentially lead people to put up vaporware as investment opportunities.

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