Is it possible for a tech entrepreneur to create something that is the next Facebook?

Of course! FB is 5 years old. Before that people said Google couldn’t be unseated. Before that AOL was a monopolist – laughable now. Before that Microsoft controlled everything.

Dream big.

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Why does Montreal seem to have more Angel Investors than Toronto? Is it necessary for a Toronto startup to have local investors?

Answered by Raymond Luk – Partner, Year One Labs

I'm not sure that's actually true. There's only one Angel group in Quebec (Anges QC) and we have about 60 members. Of course most Angels are not affiliated with groups. In ... (more)

Is it possible to raise angel investors funds before launching a product or service? How would one do this?

Answered by Bryan Watson – Director, NACO

Is it possible? Yes, but right now it is difficult. Remember that you are raising funding in a capital market. The last word in the last sentence is the most important: Mar... (more)

Is it possible to build a community around a topic that is not yet wildly important to people but *should* be? How much of WOM is evangelism? Do you have ideas for the bran...

Answered by Saul Colt – WOM Expert

Evangelizing for something that is not wildly important but should be or something that is important but doesn't get enough attention is called Advocacy Marketing. I am a b... (more)

Is it customary for an angel investor to join your advisory board or board of directors, or is this something you need to ask for when you're doing diligence?

Answered by Benjamin Yoskovitz – Partner, Year One Labs

I wouldn't say it's customary but it's not rare either, or necessarily a bad thing. Usually when you take funding, you need to do a bit more in terms of your board (which p... (more)

How important is it for my previous investors and new, would-be investors to meet each other and get along? I am the majority shareholder, founder and CEO - do I need my se...

Answered by David Rose – Serial entrepreneur and investor.

It is *always* a good idea to have everyone on the same page: investors, founders, management. As to how important it is, unless you are absolutely, positively, indisputabl... (more)

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