Steel said of Canadian startups, adding that in the past four or five years he's seen more and larger rounds of funding, rather than an increase in acquisitions. "Are we selling too early? I actually don't see that," OMERS' Mr. businesses just have so much cash, right now, I see a lot of offers being made that people can't refuse." Baldwin noted the pace of acquisitions is actually much greater inside the United States. There's no Canadian Twitter or Facebook, or even less successful examples like Groupon (which recently bought Canadian startup SnapSaves). "We don't have IPO stories up here," he said. ![]() Serial entrepreneur Ben Baldwin sees a lot of the North American startup scene in his business – he founded ClearFit, a startup focused on pairing workers with employers – and thinks the main reason Canadian firms embrace the buyout is the lack of domestic success stories. And a small win is a huge motivator to aim higher next time." "Taking bigger risks and raising more money means diluting yourself further and risking walking away with nothing. "Let's face it, the odds of becoming a unicorn are slim to none," he said. There are benefits to selling when the right opportunity presents itself, however, said Lloyed Lobo, a partner in Boast Capital, based in Sunnyvale, Calif., noting entrepreneurs have to consider their families and their tolerance for risk. Only 22 per cent had no plans to "exit" or sell their company. While 48 per cent thought their companies would be acquired within four to six years, 40 per cent thought it would happen sooner. Earlier this year, when his group surveyed 150 startup CEOs, they found 63 per cent expected to be acquired. ![]() "I still think there's a shift that needs to happen where Canadians are building for bigger," Mr. "The acquisition is expected to support future innovations that will be announced at a later date," the company said in a statement.Įugene Bomba, a leader at accounting firm PwC's Emerging Company Services, would like to see more Canadian startups have the confidence to try to grow bigger before selling. Intel plans to offer PasswordBox's services as part of its Intel Security business, which also includes McAfee firewall and anti-virus software. PasswordBox service has seen 14 million downloads, though it has competition in similar offerings from 1password and Dashlane. OMERS tends to invest in companies that are already showing big growth, or have huge potential markets. "We never invest planning on quick exits," said Mr.
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