People, ideas, finance and luck
These four factors are necessary to create any successful company; Montreal Start Up provides start-up finance to people with ideas … and maybe even some input on how to create your own bit of luck!
We provide seed-level financing to entrepreneurs aspiring to establish companies in Montreal, with our focus being on software based services in the internet, wireless and media space. We are looking for entrepreneurs with really early stage concepts and ideas that need a bit a financing and some strategic and operational input in order to help them progress their idea towards being a successful company or at least a company that is fundable by VC’s.
Our team and our Advisory Board have gained their experience working with companies in the internet, wireless and media spaces and so that’s why we look to invest in those areas. We like to spend time with the companies we invest in and so we look for companies willing to base themselves in Montreal.
We are great believers in getting other people committed to our cause and so we like to find other investors, often angel investors, to come alongside us in the venture. These days a small amount of capital can go a long way in a software based business and so we look for companies that need between $100,000 and $400,000. Experience has also shown us that smaller amounts of capital can force entrepreneurs to be more creative and efficient; this usually results in a clearer strategy and tighter execution. Executing well on your strategy is very important when it comes to raising further funding. We see our role as getting the company (and it’s management) to a point where they are delivering on their plan, have achieved important milestones and are well positioned to raise the larger amount of capital that might be needed to achieve their vision.
Finally, we are looking for entrepreneurs with big visions and global aspirations and businesses that are able to grow hundreds (thousands!) of times faster as a supplier than as an employer !