Venture capital returns are notoriously tricky to report and analyze. As I was working to prepare the Brightspark year-end reports, I looked back on our performance over the last 10 years (you can find a breakdown of our 66% IRR here) and thought it would make sense to first shed some light on the complexities of VC returns and what they can mean.
At Brightspark, we outline a set of “non-negotiable” criteria that guide our investments, and I believe it’s been a key factor to our success. The main criteria of selection will always be a team that we firmly “believe in”...
Brightspark's Managing Partner Mark was this week's guest on the Startup Canada podcast. Every week, Startup Canada speaks with the movers and shakers of Canada’s entrepreneurship community to give a glimpse into the future of business, and share insights on everything from social innovation to the future of work and investing.
Here is a compilation of the three most common questions I get, coupled with the answers honed by a career in entrepreneurship and a year working with the experienced Brightspark team.
In less than 12 months, we have grown our network to over 1,000 Canadian accredited investors! We credit this to our hard-working team, our track record, and the incredible quality of our investment opportunities.
Today, Hopper announced a financing of $82 million, with impressive milestones to back it up: They are the only company that can forecast future flight prices with 95% accuracy up to a year in advance of departure; Hopper collects five to eight billion airfare price quotes every day; has scaled to more than 10 Million users; and is now selling more than $1 million in flights per day!
As the first investors in Hopper, we thought we'd give you an exclusive look at why we believed the company had what it takes to make it a success.
Welcome to our December Newsletter!
It has been a really good year for Brightspark and we are thrilled with the progress we have made in our growth.
During the last quarter, we completed two investments. We were thrilled by our investors’ interest and are very proud that both financings were over-subscribed!
Toronto startup Hubba Inc. has landed a venture capital investment from Goldman Sachs Investment Partners, an early backer of Uber, Facebook and Pinterest, as it aims to ramp up efforts to build a business-to-business marketplace for consumer product information.
A few months ago, I jumped ship from the audit practice of a Big 4 accounting firm to join an innovative, entrepreneurial, striving venture capital firm. I knew it would be night and day, notably because startups financials have little in common with large corporations and that accounting principles often clash with startups economics...To help newcomers to the startup investing world, I decided to compare some metrics frequently used by financial analysts to the elements that really matter when investing in early-stage companies
Last week, we dissected popular financial metrics and wrote about how they apply – or rather don’t apply – to most startup investments. This week, we look at Gross Margins and what startup investors should really look for, especially in a service-based model.
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Read the musings of our team and learn about what's happening at Brightspark. We share our thoughts on Venture Capital, startups and everything tech.
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