> Sort of. Accessing private Canadian financing is a lot harder for the most part, our financial sector is notoriously risk averse for any sort of personal or business loans unless there's a path of guaranteed returns and you have a track record of getting those returns. Last time one of my bosses tried to get something like $2 million in raising funds with Canadian investors, they said that we needed to show I think at least $2 million in net profits for 4 or 5 years at least.
If someone's businesses is already working, then why would they go and get investment money?
It seems like the investors don't realize that if someone does have that much net profit, they actually don't have that much leverage over them to get good equity deals. So they are essentially just paying high and selling low later.
If someone's businesses is already working, then why would they go and get investment money?
It seems like the investors don't realize that if someone does have that much net profit, they actually don't have that much leverage over them to get good equity deals. So they are essentially just paying high and selling low later.