FINANCIAL POST
T H U R S D A Y, M A Y 7, 2 0 1 5
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Chris Bakker Franck Besseat Rosemary Bruus Ben Calica Martina Carello Nicki Chang-Powless Maggie Chen Dean Clark John Clarke Jean Coles Gita Consul James Cook Daniel Cunningham Kiran Dhaliwal Vince Fowler Shawn Freeman Steve Fylypchuk Dylan Gallagher Rocell Gercio-Chad Shannon Gordon Loretta Gotmy Lisa Graham Robert Gregoire Melissa Gregory Rose Hamel Kris Hans Marie Kanwischer Fred Katayama Teigan Kopec Jillian Kosolofski Adil Lalani Veronica Lee Lynn Leo Jane Maduke Darren Malin Kathryn McMackin Christopher McPhee Donna McTaggart Bo Messaoudini Kal Mist Alan Mosher Des Nwaerondu Sheila Nykwist Aaron Olfert Bruce Paizen Carla Paradis Ave Peetri Sean Phillips Pam Ralston Elizabeth Rondon Paries Rose Sarah Schaus Clark Schow Andrea Shandro Sonny Shoker Richelle Skrilec Colin Smith Kim Smith Tara Tanchak Sandra To Tony To Cole Torode David Wald Manos Xenos Kirei Yasunori Natalie Zacher Kelly Zenkewich
SHOW ME THE MONEY: FINANCING GROWTH Entrepreneurs share how they financed their businesses
“One of the big takeaways that I want to get across is that money is out there. It’s actually not very hard to find; it’s just the right type of money. Who do you want to be in business with? If you take their money, what’s the other side of it? What’s going to come with it? So, it’s not just about raising money quickly or easily … Make sure you get the right people in, not just the right amount of money.” M AT T H E W P RO T T I , c o - f o u n d er and CEO of Blacksquare Inc.,blacksquare.ca
“I think there’s a lot to be gained through favours. An example of this is that Hop hasn’t made a single cold call in all of its history, and despite that, we’ve raised a significant amount of funding and pre-sold the entirety of our capacity for this year, all through favors and community building. I recommend you start by trying to help other people as a foundation for your finances.” K E V I N D AV I E S , f o u n d e r o f H o p Compost, hopcompost.com
“Everything takes more time than you think, and everything takes more money. We were going to throw in a few thousand dollars each and open a little space; it turned out we needed about 10 times the [amount] we were going to put in … We really wanted to do this on our own; we didn’t want to go to our husbands, but we did eventually because we were short money. We have a loan on the books, a legitimate loan that we need to pay back.” B R E N D A M A H O N E Y, c o - f o u n d e r of Vin G ogh Paint & Sip S tudio, vingogh.ca
ONLINE For the full recap of “Show Me the Money: Financing Growth” including our podcast, visit capitalideascalgary.com/news.
C A P I TA L B U Z Z Here’s what Capital Ideas members took away from the April 30 panel:
NEXT EVENT “People compose brand knowledge the way birds make nests: one small piece at a time.”
How Do You Cultivate Productivity? When: May 28, noon to 1 p.m. Where: Glenbow’s ConocoPhillips Theatre (9th Ave. SE) RSVP at capitalideasyyc5. eventbrite.com
Melanie Love, founder and CEO of Front Room, @love_mnl
J E NN P I E RC E / C A PI TA L I D EAS
Thank you! Liz Rondon, sales and service specialist at ATB Business and Agriculture, congratulates door prize winner Rose Hamel, left, after the event.
“Business owners share how they got the dough to start — friends, family, boot start loans, angel investors.”
Monica Kretschmer, founder and CEO of Canadian Business Chicks, @cdnbizchicks
Questions? Contact us at hello@capitalideascalgary.com
“Calgarians don’t ask why; they ask why not?”
Judy Duncan, managing director of marketing, business and agriculture at ATB Financial, @JudyDuncan1
“Bootstrapping meant coffee was a luxury.”
Brad Celmainis, president of Brad Celmainis Consulting, @BradCelmainis
“So simple — Matthew Protti [says] get your money in the door to grow your business.”
Kelly Jubenvill, owner of Scaling Down Inc., @ScalingDownYYC