CanCon Podcast Ep. 79: 500 Canada falls apart. What’s next?

500 Canada

This week the CanCon podcast breaks orthodoxy to spend entire episode on one major new story.

Since the dramatic revelations down south of inappropriate sexual behaviour from many of the US’ most well-known VCs – Chris Sacca, Dave McClure and most recently Greylock COO Tom Frangione – many in Canada’s tech community have been waiting for a shoe to drop here.

This past Monday, it did, as BetaKit reported the news that 500 Canada (a separate but connected entity to Dave McClure’s 500 Startups) had decided to shut down its venture fund due to blowback from McClure’s behaviour. The full impact of this decision remains to be seen, but the Canadian tech ecosystem is definitely going to feel the effects.

Tune in as CanCon’s podcast crew – Rob Kenedi, TWG’s Entrepreneur in Residence and host of the amazing #smallrooms podcast, Erin Bury, Managing Director of Eighty-Eight, Jessica Galang, BetaKit News Editor, and Douglas Soltys, BetaKit Editor in Chief – performs a 500 Canada post mortem.

Have some hot takes on the topics that we covered? Maybe you want to suggest something for a future podcast! Perhaps you have a burning question about something you read in tech news that we didn’t cover. Email us, post a comment below with the answer or question, or better yet, rate CanCon 5-stars on iTunes and post your thoughts there.

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CanCon Podcast Episode 79 (08/05/17)

500 Canada’s fund falls apart
500 Canada to shut down fund investments following Dave McClure scandal
TechCrunch covers 500 Canada shutting down
500 Startups Canada shutting down amid troubles at Silicon Valley parentCanada’s LP Community: Time to take the Silicon Valley bottle out of your mouth

Canadian Content music clip (under fair dealing): “It Falls Apart” by Odds

Robyn Edgar

Robyn Edgar

Robyn Edgar has a background in computer science, Arctic biology and bioinformatics, but she chose to leave the research world to bring science and tech to the public in the form of broadcast media. She's now BetaKit's resident audio producer. In her spare time, she volunteers at a campus radio station and practices her "old timey" radio voice impressions.

  • live6050

    Q. From the podcast: why won’t people speak up? Possible answers: power imbalances, non-disclosure and non-disparagement agreements. Locker-room talk and “bro-culture” flourish in the Canadian tech ecosystem too. #HotTakes