Canadian startup news of the week (8/28/22)
Plus: How GrowthX found product-market fit across Canada’s accelerators.
layoffs
Flow Ventures partner Bryan Watson lands at Venbridge as SVP of business development
Watson will use his expertise in SR&ED credits to attract more business.
H|T: The Healthtech Times – AlayaCare makes cuts as revenue doesn’t follow “aggressive investment”
Plus: Nurses say Amazon’s ambitions clash with health best practices.
R|T: The Retail Times – Shopify collabs with creators and Gorgias
Plus: Wayfair and Apple make more layoffs, Zellers is resurrected.
Q4 Inc. lays off eight percent of staff to accelerate “path to profitability”
Restructuring impacts the company’s sales, marketing, R&D teams.
“There’s a storm coming, but we’re on a good boat.” Koho says it’s ready to navigate downturn
Canadian FinTech is in the tank, but this challenger bank thinks it can stay afloat with scale.
S|W: The SaaS Weekly – WellnessLiving, Kinaxis expanding as Martello cuts back
Plus: Layoffs across SaaS startups pile up.
Vendasta lays off staff after the pandemic spurred fast-pace growth
Vendasta’s teams are spread across Canada, India, and the US.
Canadian tech companies continue to hire despite downturn – here’s an (incomplete) list
300 tech companies say they are still hiring in Canada.
F|T: The FinTech Times – Why Bank of Canada’s Ron Morrow says FinTechs “need to be ready”
Plus: Crypto firm FTX gets warning from FDIC to stop ‘misleading’ consumers about deposit protection.
Canadian startup news of the week (8/21/22)
Plus: Bank of Canada’s Ron Morrow says FinTechs “need to be ready”.
The Global Talent Stream needs streamlining
A four to six months wait is not a fast track anywhere.
H|T: The Healthtech Times – Truepill, Peloton, and Calm all make staff cuts
Plus: ByteDance Pays $1.5 Billion for China Hospital Chain in Health Foray.
How startups can survive a market downturn
Prepare for the worst, know your metrics, and make sure you hit “OK.”
Venture investment returning to pre-pandemic levels, shows Q2 2022 CVCA report
Institutional investors stay the course while family offices, high-net-worth individuals tread lightly.