After landing here in Washington D.C. for a conference, my BlackBerry was buzzing out of the holster with 20+ (Roger, you were first) people pointing me to Matt Hartley’s story on (deep breath, breatheeee) “Venture Capital Breakdown” in Canada. In seeing the title, I thought, sweet, we can all go yelling at my buddy/co-investor Mark again. But, of course not, things are never that easy.
The opening salvo:
“Startup veteran Albert Lai is the sort of businessman who should be leading Canada out of the recession. To fund one of his early startups, Mr. Lai turned to Canadian venture capital. But for his latest venture, Kontagent, a social media analytics service, he didn't even bother trying.”
The last time this popped up, I *might* have gone a tad bit overboard picking on Canada’s entrepreneurial savior. So, let me just point out the facts.
Fact 1: Extreme Venture Partners put money into Kontagent.
Fact 2: Extreme Venture Partners is Canadian.
Fact 3: Albert Lai bothered to try, see fact 1, fact 2.
Fact 4: He’s still trying.
I appreciate Albert working hard to get a statue of himself erected on the grounds of Queens Park. Really. Give the guy his due; when it comes to his brand promotion and marketing spin, the dude takes a backseat to nobody.
Facts, bah humbug, who needs em. Gotta admire the spunk; rock on Albert.
[Non-Canadian Note: Queens Park is a phrase to represent/mean Capital Hill, if you will. So the American analogy would be something like taking down the Washington Monument and replacing it with a statue of Albert holding a business plan, little American children at his feet gazing up adoringly, him pointing to the Silicon Valley promised land. Something close.]
[UPDATE: 90 seconds after I posted this, Albert sent me a note with a link to his post. No rocks, I’m being funny here, people, and also making sure Amar at Extreme gets credit for doing excellent work.]